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Circularity Capital has continued to build its portfolio of European growth stage businesses enabling the circular economy by leading a growth capital investment in PackBenefit, a European specialist in high-performance fibre-based food packaging.  The investment sees AXA IM Alts co-invest alongside Circularity Capital through the AXA Impact Fund Climate and Biodiversity1. Through this investment, Circularity Capital and AXA IM team up with JZ International, who invested in the company at inception in 2013.     Founded in 2013, PackBenefit is a Spanish designer and manufacturer of recyclable, compostable, FSC certified food trays. The company’s trays, which are based on its
IRIS.TV, a specialist video data platform, has announced the completion of a USD18 million Series B funding round.   Intel Capital, a division of Intel Corporation, led the round, with participation from investors including WISE Ventures, Quest Venture Partners, and Mirae Asset Venture Investment. The round also included prominent leaders in the space including Mike Baker, founder, CEO of dataxu (acquired by Roku in 2019), Mike Shehan, founder, CEO of video advertising platform SpotX (merging with Magnite in 2021), and Ari Paparo, CEO of ad tech innovator Beeswax (acquired by Comcast in 2020). The new round of investment will enable
Pemberton, a specialist European private debt manager transforming traditional credit markets, backed by one of Europe’s largest insurers, Legal & General Group PLC, has provided financing to support the add-on acquisition of Abergavenny Fine Foods Ltd, a market leader in the UK for retail and food services, by Frostkrone Food Group, backed by private equity firm EMERAM Capital Partners.  Frostkrone, headquartered in Germany specialises in the production and distribution of frozen finger food and snack products. Since its founding in 1997, the company has established itself as an innovative pacesetter in the field of convenience frozen foods. Their diverse product
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Deutsche Investitions und Entwicklungsgesellschaft (DEG) is one of the investors in the Vinci Impact and Return Fund IV, contributing up to USD11.8 million to the impact fund, which has a USD150 million target.   “With our commitment we are supporting Brazilian SMEs, which are particularly important during the coronavirus pandemic. As the anchor investor in VIR IV, DEG strengthens the fund’s capital base, thereby mobilising other investors,” said Gunnar Stork, head of DEG’s Corporates/Project Finance/Funds Africa/Latin America division. Other investors that have agreed to contribute to VIR IV include the Brazilian Development Bank (BNDES), the Inter-American Development Bank (IDB) and
Following the initial investment in 2019, IW Capital has led the second round of funding in Flarian, a patent protected lipid formulated ibuprofen which at a dose of 1200 mg/day has shown to be as effective as 2400mg/day of standard liquid ibuprofen capsules in patients with acute joint pain. Flarin’s unique lipid formulation also helps to shield the stomach from damage. Over the past year, Flarin has seen expansion through sales of Flarin Joint and Muscular Pain Relief into mass multiples such as Boots, Superdrug, Sainsbury, Morrisons as well as Amazon, Ocado and other online retailers. Flarin Holdings was originally
Sol Systems has added three veteran energy executives, Patty Rollin, Mary Beth Mandanas, and Hans Dyke, to its expanding team.  Collectively, Rollin, Mandanas, and Dyke bring significant executive and energy industry experience to the Sol Systems team.   “Sol enables and empowers its partners to drive a more sustainable future and invest in communities,” says Yuri Horwitz, Sol Systems’ Chief Executive Officer. “Hans, Mary Beth and Patty are a key part of expanding our business to meet the needs of corporate, institutional and municipal partners executing on this vision. I’m both grateful and proud to welcome them.”   Rollin has
Private investment firm SkyKnight Capital (SkyKnight) has held the final closing of SkyKnight Capital Fund III (Fund III), with USD600 million in commitments from family offices, foundations, endowments, pensions, and institutional investors.  With an initial target of USD500 million, Fund III exceeded its target and was oversubscribed, reaching its hard cap of USD600 million in five months. SkyKnight now manages over USD2 billion of capital across its funds and co-investment vehicles. “At SkyKnight, we are executing on a long-term, genuine approach to private equity partnership. SkyKnight brings both financial investment and strategic human capital to exceptional management teams to drive
Silverfleet Capital, a European private equity firm, has appointed Robert Knight and Ricardo Sommer as partners.  These appointments underline Silverfleet’s continued commitment to building robust investment teams across its European office network and promoting from within. Knight is based in London and joined Silverfleet in 2011. Since then, Robert has been involved in a number of successful investments, including Phase One, Cimbria, Ipes, Lifetime Training, Riviera Travel and Collectia. He served as non-executive director on the board of Phase One, an investment that generated a 4.6x return, and is currently on the Board of Collectia, which has recently made its
Imaweb, an independent developer and provider of automotive and dealership software solutions in Europe, has acquired Stieger, a dealership software solutions provider in Switzerland and Austria.  Imaweb is backed by PSG, a growth equity firm that focuses on partnering with middle-market software and technology-enabled service companies.   Headquartered in Staad, Switzerland, Stieger simplifies client processes and improves efficiency for original equipment manufacturers (OEMs) and dealerships through its innovative software solutions. Founded in 1982, the company currently employs around 60 people across six locations in Switzerland, Austria and Slovakia. Stieger clients include Swiss and Austrian franchise dealers across a number of
Pole Star Space Applications Limited (Pole Star), a provider of cloud-based compliance software solutions to the maritime sector, has secured a significant growth investment from Wavecrest Growth Partners and Abry Partners.  The capital will be used to accelerate hiring, scale sales, and expand product development to meet substantive and increasing demand for its related trade & commodity finance, maritime surveillance, and ESG sustainability solutions and to accelerate innovation into disruptive AI, ML, and distributed ledger technologies. Pole Star was represented by Stifel, Nicolaus & Company, Inc in the transaction. “All components of the maritime sector are now entering a significant

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