BGF has exited its investment in Virtual1, a London-based cloud and connectivity service provider, which it backed in 2017 with a GBP10 million investment, via a sale to TalkTalk Group. TalkTalk Group provides fibre, broadband, TV and landline services to over four million UK customers, and operates Britain’s biggest unbundled broadband network, covering 96 per cent of the population.    Virtual1 is a provider of B2B connectivity to businesses around the UK. It delivers cloud and connectivity services exclusively to the wholesale market, aggregating its own cutting-edge London-based network with networks from other carriers onto a single scalable platform.   

European blockchain start-up Nous Systems has launched a seven-figure seed fund raise based on a EUR30 million valuation as it develops the world’s first decentralised investment platform, which will be launched later this year, allowing investors access to automated asset management services. Despite the proliferation in products and services offering retail investors “access to markets,” little has been done to democratise access to the systems and services offered to more sophisticated, HNW clients of hedge and quantitative funds.   Since 1995, the top 1 per cent have captured nearly 20 times more of global wealth than the bottom 50 per

Spirant Group has secured GBP9.5 million in funding from the alternative lender BOOST&Co to support the business in its international expansion and ongoing growth. The investment will be used to develop the firm’s outsourcing strategy and legal-tech offering and is anticipated to provide a single funding solution across the entire group that will enable growth in all areas of the organisation.   The Liverpool-based group is a multi-service legal, technology and medical services organisation that supports clients across the UK, USA, and Australia. This year, the group is celebrating its ten year anniversary and has grown from being just a

CVC Capital Partners VIII (CVC Fund VIII), has invested in Radwell International (Radwell), a global distributor of new and surplus industrial automation components. CVC Fund VIII is acquiring an interest in the company from founder & CEO Brian Radwell and Greenbriar Equity Group (Greenbriar), both of whom will remain significant shareholders going forward. Financial terms of the private transaction have not been disclosed. Founded in 1979, Radwell is a leading specialty distribution and light manufacturing business that provides new and refurbished industrial automation components for the repair and maintenance of production and processing equipment on plant floors.  The investment from

OrthoBethesda, a physician-led and majority physician-owned provider of orthopaedic services to the greater Washington, DC region and a portfolio company of Atlantic Street Capital, has formed a strategic partnership with Shady Grove Orthopaedics (Shady Grove), its 2nd announced transaction of 2022. In January, OrthoBethesda partnered with Washington Orthopaedics and Sports Medicine (WOSM) to create the region’s leading multi-subspeciality orthopaedic platform. Concurrent with closing of this transaction, the platform is rebranding to Aligned Orthopedic Partners (Aligned Ortho).

GovExec, an information and intent-based marketing platform for government leaders and contractors, has acquired Power Almanac, an actionable business intelligence application housing data and insights on US local government decision-makers. The deal was completed with financial support from mid-market private equity firm Growth Catalyst Partners (GCP). GovExec initially made a strategic investment in Power Almanac in June 2021 with the ability to increase its investment over time. Given the powerful potential to combine Power Almanac with GovExec’s state and local platform, the company has decided to acquire the intelligence data provider.  The financial terms of the investment have not been

Pixelle Specialty Solutions Holding (Pixelle), a provider of fibre-based specialty solutions in North America and portfolio company of Lindsay Goldberg, is to be acquired by an affiliate of alternative investment firm HIG Capital (HIG). Terms of the transaction have not been disclosed.   Pixelle was formed in 2018 by Lindsay Goldberg, a private investment firm that focuses on partnering with families, founders and management teams seeking to actively build their businesses. Pixelle has built an industry-leading four-mill specialty paper platform with mills in Chillicothe, OH; Jay, ME; Spring Grove, PA; and Stevens Point, WI. Collectively the mills operate 11 paper

Kellermeyer Bergensons Services (KBS), a partner to operations and facility managers across North America, has acquired Kimco Holdings  and Kimco Facility Services (Kimco). KBS is a portfolio company of alternative investment firm Cerberus Capital Management.   Founded in 1970 and headquartered in Atlanta, Kimco is a national provider of customised commercial cleaning programmes, facility maintenance, and associated services. With its array of technology-enabled facility services, the company supports clients across business and industrial end markets, including telecommunications, industrial and manufacturing, government, education, healthcare, and banking and finance. Kimco will operate as a KBS company.