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BGF has exited its investment in long-term portfolio company, Abacus Software Ltd.
The London-based SaaS subscription management platform has been acquired by Naviga Inc.
Abacus is a content and subscription management software provider with unique proprietary Customer Data Platform (CDP) and Digital eXperience Platform (DXP) offerings. The London-based business helps brands and communities in the publishing and membership organisation sectors improve revenue and engagement with personalised digital experiences and offers.
BGF backed Abacus in 2013, and has over the last nine years, provided close to GBP4 million of growth capital. During this time, BGF’s investment has enabled the
Early-stage venture capital firm Wavemaker has closed its latest fund with USD136 million in capital commitments, according to a report by Bloomberg.
The fund, Wavemaker’s fourth, will invest in startups operating in the technology sectarian South East Asia.
The firm exceeded its initial target of USD120 million, with existing backers
Several investors in previous Wavemaker funds including Temasek Holdings Pte, Pavilion Capital, International Finance Corp and Vulcan Capital, all participated in the fundraising with exceeded the original target of UDSD120 million.
Other participants include institutional investors, university endowment funds, funds of funds, family offices, corporates and high net worth individuals.
The Off Grid Electricity Fund (OGEF), a renewable energy access fund for Haiti supported by the World Bank, has provided a loan to Solengy Haiti (Solengy) to support its expansion plans outside of Port-au-Prince.
The OGEF was launched by the Haitian Government in 2019 with the aim of providing electricity to 200,000 households and SMEs in Haiti within 10 years.
Solengy was set up in Haiti in 2007, to supply solar solutions to residential, commercial, and industrial customers. In 2019, Solengy launched its lease-to-own program to increase accessibility to households and businesses that cannot afford the upfront capital cost
NMS Capital (NMS) has partnered with Company management in the recapitalisation of LDR Site Services and its related family of waste hauling operations (LDR).
Terms of the transaction have not been disclosed.
Headquartered in Atlanta, GA, LDR is an asset-light provider of equipment rental and related waste hauling services to site-based projects across the US.
LDR services multiple industries with varying needs, including environmental, emergency response, facilities maintenance, retail, government, construction, and other commercial end markets. Through a national network of trusted service providers that LDR has developed over the past decade, the Company is able to solve complex, and
Societe Generale Securities Services (SGSS) has chosen financial software company NeoXam to provide investment and reporting software to support clients’ services of its private equity business unit.
NeoXam’s technology, GP, handles all portfolio types, supports a comprehensive range of asset classes and integrates NeoXam’s other solutions for data management, digital and regulatory reporting, compliance and daily matching needs, among other benefits.
GP is currently the only back-office solution able to support SGSS’ private equity and real estate hub. Its fully embedded multi-GAAP General Ledger authorises SGSS to offer complete customised services based on a set of Private Equity and
Fortino Capital Partners, a European B2B software investor, has acquired a majority stake in Bonitasoft from former investors including Bpifrance, Auriga Capital, Serena Capital and Ventech.
As part of the transaction, Miguel Valdes and Charles Souillard, who founded Bonitasoft in 2009, will reinvest and team up with Fortino Capital during this new phase of growth.
Bonitasoft is a leading software company active in the field of Digital Process Automation and Intelligent Business Process Management. Featured on the Gartner iBPM Magic Quadrant (2019) & Forrester DPA Wave (2021), the company is best-known for its widely adopted open-source Business Process Management platform,
Intertape Polymer Group Inc (IPG) is to be acquired by an affiliate of Clearlake Capital Group for CAD40.50 per share in an all-cash transaction valued at approximately USD2.6 billion, including net debt.
This represents a premium of approximately 82 per cent to the closing price of IPG common shares on the Toronto Stock Exchange on 7 March, 2022 and approximately 66 per cent to the volume weighted average trading price of IPG common shares on the Toronto Stock Exchange for the preceding 30 trading days.
Upon completion of the transaction, IPG will become a privately held company.
The IPG Board
Cornerstone Building Brands, one of the largest manufacturers of exterior building products in North America, is to be acquired by affiliates of Clayton, Dubilier & Rice (CD&R) in an all-cash transaction with an enterprise value of approximately USD5.8 billion, including the assumption of debt.
CD&R, in the aggregate, is currently the beneficial owner of approximately 49 per cent of the Company’s outstanding shares of common stock. The proposed transaction delivers substantial value to Cornerstone Building Brands’ shareholders, who will receive USD24.65 in cash per share, representing an approximately 16 per cent premium to the closing price of the Company’s common
Kurma Partners has held the first closing of its Growth Opportunities fund at EUR160 million.
Meeting the demand of the growing maturity of the European biotech and healthtech ecosystem, this new fund, which is targeting EUR250 million, aims to accelerate the growth of the best European companies in the healthcare sector.
Kurma Partners has received the support of the European Investment Fund (EIF), Bpifrance, the Belgian Growth Fund managed by PMV and BNP Paribas Fortis Private Equity, SFPI, BNP Paribas Fortis and Groupe Pasteur Mutualité. Eurazeo, which recently increased its stake in Kurma Partners, is also an anchor investor in
The Instant Group, a corporate real estate solutions specialist backed by Bowmark Capital, is to merge with IWG’s digital businesses to create one of the world’s largest independent marketplaces for flexible workspace.
As part of the transaction, Bowmark will sell its stake in The Instant Group to IWG.
Since Bowmark invested in The Instant Group in June 2018, the company has more than doubled its sales, achieving strong organic growth due to its value-added service offering, award-winning digital capabilities and client-centric business model.
The transaction also marks an exit for MML Capital, which first invested in 2012 and
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