Managers
Authenticate, a Harrogate-based company whose technology platform is transforming the way food businesses manage their supply chain has secured a new funding round of GBP2.3 million, which includes GBP1.5 million from the Northern Powerhouse Investment Fund and the remainder from existing shareholders including Summit Alpha.
The investment in Authenticate Information Systems was led by NPIF – Mercia Equity Finance, which is managed by Mercia Fund Managers and is part of the Northern Powerhouse Investment Fund. It will allow the company to double the size of its software and data research teams, creating 10 new jobs in Harrogate.
Authenticate was
Lee Equity Partners (Lee Equity), a growth oriented middle market private equity firm, is to acquire a majority ownership interest in K2 Insurance Services, (K2),a specialty insurance services holding company, which owns and controls a diverse group of managing general agents (MGAs) serving the specialty property and casualty industry.
K2’s experienced senior management team, under the leadership of Bob Kimmel, President and CEO, will continue to lead the company and will retain a meaningful equity stake in the business. As part of the transaction, K2’s specialty insurance carrier, Aegis Security Insurance Company, will be spun off and remain under the
Asset manager CITIC Capital Holdings (CITIC Capital), an affiliate of Chinese conglomerate CITIC Group,has mde an investment in has reached an agreement for an investment in Cityneon Holdings (Cityneon).
CITIC Capital has over USD25 billion of assets under management across 100 funds and investment products globally. Some of its landmark investments include McDonald’s franchisee business in mainland China and Hong Kong, and China’s largest privately-owned logistics service provider SF Express.
Cityneon Executive Chairman & Group CEO Ron Tan, says: “We are honoured and excited to have a strong and strategic partner like CITIC Capital. This is a testament to
After a bustling 2018, Q1 European PE deal activity softened, but several GPs seized opportunities to take companies private in the lower-priced public equity environment, according to the latest edition of PitchBook’s European PE Breakdown report.
As well as highlighting a significant increase in software buyouts during the quarter’s, which accounted for 15.4 per cent of all deals – nearly triple 2014’s full-year total – this edition of the report also spotlights the quarter’s take-private buyouts and imminent structural shifts within private equity will likely see the strategy gain favour among investors.
In addition, PitchBook’s analysts expand on the continent’s
ETF Partners, Inventure, KPN Ventures, TESI (Finnish Industry Investment) and Vito Ventures have invested EUR14.4 million in Wirepas, a Finnish software company that has built a wireless connectivity platform solving the major challenges of the Industrial Internet of Things (IIoT) and enabling broad adoption of Massive IoT.
The additional funding, including the participation of existing investors, takes the total investment in Wirepas to EUR22 million.
“I am delighted to have Tesi and KPN Ventures joining as Wirepas investors and board observers. It is now clear that massive IoT networks are at the breakout phase and mesh networking from Wirepas is
Challenge TRG Group – a logistics recruitment and distribution company – has acquired training specialist, Phoenix Training Services, as it looks to tackle the HGV driver skills shortage in the UK.
The company, which recently rebranded from Challenge Group following the acquisition of TRG Logistics earlier this month, completed the undisclosed deal of the Birmingham-based company, taking its overall turnover to GBP120 million. As part of the acquisition, founder and director, Trevor Cox, will remain in the business as a non-executive director, with operations director, Simon Bladon, who worked at Staffline Recruitment for 12 years, also moving over to Challenge
Triple Point has announced nearly GBP1 million of funding to back the two latest companies in the firm’s Impact EIS Investment Fund.
The fund targets fast-growing companies in the health, environment, youth and inequality sectors that are having a positive social impact, and are expected to generate significant capital growth.
The Impact EIS fund has invested GBP525,000 in GripAble, a company that has developed a digital hand grip to help rehabilitation for people living with a range of upper limb impairments, and GBP400,000 in We Are Digital (WaD), a digital and financial training provider, targeting the estimated 3 million people
Osmosis Investment Management, a sustainable investment specialist with USD1.5 billion in client assets, has closed a significant equity investment from the Oxford Endowment Fund.
The fresh injection of capital into the sustainable investment firm is a further endorsement of Osmosis’s systematic investment approach which targets superior risk-adjusted returns from companies that display strong resource efficiency metrics. A non-targeted, natural outcome of the approach is a significant reduction in the environmental footprints of the funds and strategies relative to their respective benchmarks.
This strategic equity investment is growth capital, which Osmosis will deploy to deepen the firm’s portfolio management, research and
A Greater Lincolnshire-based horticulture producer and supplier has secured a GBP200,000 debt funding package from Maven Capital Partners and the Midlands Engine Investment Fund.
Jepco Glebe Limited will use the finance to invest in a new hydroponic lettuce production facility – the first of its kind in the UK.
Now in its third generation, the family-run company produces and sells a wide range of salad and vegetable products to the manufacturing, retail, food service and wholesale sectors in the UK and overseas markets.
Although Jepco already offers hydroponically-grown salad and vegetables to ensure its products are available beyond
JPW Industries (JPW), a designer, manufacturer and distributor of branded metalworking and woodworking equipment and specialty shop tools sold under the JET, Powermatic, Wilton, Edwards and Promac brand names, has acquired Baileigh Industrial Holdings (Baileigh).
JPW is a Gamut Capital Management (Gamut) portfolio company. Terms of the transaction have not been disclosed.
Founded in 1999, Baileigh is a leading marketer, manufacturer and distributor of over 500 metalworking and woodworking products sold under the Baileigh brand across the US and Europe. Through its wholly-owned subsidiary, RMD, Baileigh designs and manufactures high-quality, “made-in-the-USA” Baileigh-branded metalworking machinery. Baileigh’s operations in Manitowoc, WI,
Events
12 November, 2026 – 8:00 am
12 November, 2026 – 5:00 pm
