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London witnessed a record number of IPOs in 2021 with 121 listings, the highest since 2007, raising total funds of GBP16.3 billion, according to EY’s latest market tracker, IPO Eye.
The main market continued to see a significant flow of IPOs in Q4, with 17 IPOs raising GBP1.9 billion, surpassing the 15 IPOs in Q3, although Q3 proceeds were higher at GBP2.9 billion. The Alternative Investment Market (AIM) also saw activity with a further 29 IPOs in the final quarter of the year raising GBP1 billion. This brings total funds raised through IPOs in Q4 on both markets to GBP2.9
Circulate Capital, a Singapore-based investment management firm that finances innovations, companies, and infrastructure to prevent the flow of plastic waste into the world’s oceans, is investing in Prevented Ocean Plastic Southeast Asia via the Circulate Capital Ocean Fund (CCOF).
This plastic waste collection and recycling company is pioneering and testing an innovative supply chain model for the management of plastic waste.
Global private equity firm Astorg has signed an exclusivity agreement to invest in ARMOR-IIMAK via its newly launched Mid-Cap fund in partnership with Hubert de Boisredon, ARMOR Group’s Chairman and CEO, and its management team.
De Boisredon and ARMOR-IIMAK’s Management team will remain the majority shareholders with Astorg acquiring a c40 per cent stake in the business.
Headquartered in Nantes, France, ARMOR-IIMAK, is a specialist in thermal transfer ribbons, which are inked films used as consumables for the thermal transfer printing industry.
This transaction marks the second investment made by Astorg’s Mid-Cap fund, and represents a typical Astorg deal, with
AI enabled fintech company Qraft Technologies has closed a USD146 million investment from SoftBank Group Corp. (SoftBank), which includes primary growth capital and secondary capital that will be used to fund share purchases from investors.
Fly Now Pay Later, a British fintech company offering consumers globally an alternative and more flexible way to finance travel, has closed a USD75 million debt funding package provided by funds managed by Atalaya Capital Management to support expansion into the United States – the largest travel market in the world.
As part of the funding package, the New-York headquartered financier has also provided an equity investment into the business.
Building on GBP45 million of new investment made in the previous two equity funding rounds, the alternative payments provider launched in 2015 by Jasper Dykes, has now raised a total of
TMF Group, a provider of global administrative services, has completed the acquisition of Paraty Capital, a Brazilian fund administration platform which focuses on private equity, infrastructure, venture capital and private debt funds.
TA Associates, a global growth private equity firm, and LEA Partners, a technology focused private equity firm, are to merge Enscape, a developer of real-time rendering and design workflow technology for the Architecture, Engineering and Construction (AEC) industries, and Chaos, a specialist in photorealistic rendering technology.
The merger will establish a specialist in the 3D visualisation and design workflow software sectors, with a focus on the AEC, Visual Effects (VFX) and Product Design verticals.
Peter Mitev, CEO and co-founder of Chaos, and Christian Lang, CEO of Enscape, will share the title of co-CEO for the new company. Vladimir Koylazov,
Sky Peak Capital (Sky Peak), a founder-focused, operationally-driven private equity firm, has acquired Jarvis Machine (Jarvis), a supplier of precision machining services to the industrial, defence, photonics, firearms and pneumatics industries.
After making a strategic growth investment in February 2021, Sky Peak recently exercised its option to purchase the entirety of Jarvis, delivering value to the founder, Duane Jarvis, as well as certainty and commitment to Jarvis’ employees, customers and broader stakeholders. While Sky Peak will primarily target control transactions, its flexible mandate provides the ability to structure creative capital solutions.
Founded in 2009, Jarvis is a leading supplier of
PEO Partners (PEO), a private equity liquid alternatives firm, has achieved a significant milestone of eight months of management of the PEO Private Equity Access Master Fund, its flagship fund launched in May 2021, and is experiencing strong momentum in growth of AUM.
Founded by Jean-Louis Lelogeais, co-Founder of Strategic Value Partners, LLC, a leading distressed investment firm, and Randolph Cohen, Senior Lecturer at Harvard Business School, PEO has developed a proprietary investment strategy to provide a broad spectrum of investors access to returns comparable to traditional private equity (PE) funds net of fees through public market investing.
PEO Partners’
Private equity firm OpenGate Capital’s portfolio company, SMAC, a French provider of waterproofing and building envelope solutions, has completed the full exit of its manufacturing division, Industrie, with the sale of its Resins business unit to MAPEI, an Italian leader in the production of adhesives and chemical products for the building industry.
The Resins business unit includes resin manufacturer, Resipoly and Services, and installation specialist, Eurosyntec. Terms of the agreement were not disclosed.
This latest disposal completes SMAC´s exit from its manufacturing division, in line with its strategy to refocus on its core works business (Travaux), which is centred on
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