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Nexa Equity LLC, a private equity firm focused on scaling lower middle market software and fintech businesses, has made a majority growth investment in Leap, a provider of home contractor sales enablement software.
Leap’s management team and founders will continue to be meaningful shareholders. Financial terms of the transaction were not disclosed.
Leap is a purpose-built, on-demand software product developed by seasoned home improvement professionals that enables contractors to provide sales bids to potential clients on the spot. Leap’s proprietary application helps home contractors eliminate errors, increase profit margins and present professionally throughout the sales process. The company serves
NewSpring Franchise, private equity firm New Spring’s fifth and newest strategy focused on innovative franchise and multi-unit concepts, has completed a strategic investment partnership with Central Bark, a doggy day care provider.
Terms of the deal have not been disclosed.
As part of the agreement, Central Bark Co-Founders Chris Gaba and Jackie Jordan will continue to oversee day-to-day operations of the brand while working with NewSpring to help fuel company growth and profitability. Together, they will continue to provide best-in-class franchisee support while making strategic investments in technology and operational efficiencies to maximise the network’s success.
DAI has acquired MicroVest Capital Management (MicroVest), a lender to responsible finance institutions. The deal expands the capabilities of DAI’s investment management arm, DAI Capital.
Founded in 2003, MicroVest allocates private investments to financial institutions that serve disadvantaged and underbanked enterprises in emerging markets. The company has disbursed more than USD1 billion to some 200 financial institutions across 60 countries to help create economic opportunities and facilitate financial inclusion.
The combination of DAI and MicroVest reflects the two firms’ shared commitment to mobilize private sector capital to create jobs, reduce poverty, and advance the UN Sustainable Development
Private equity firm Growthdeck is to lead a new funding round for high fashion eyewear brand Kirk & Kirk to support the of launch a premium sunglasses range.
The company has seen 40 per cent revenue growth in the last 12 months despite the pandemic and believes revenues could grow at a compound annual rate of 50 per cent over the next five years.
This is Kirk & Kirk’s second fundraise with Growthdeck, which invested GBP1 million in 2019 and is continuing to support Kirk & Kirk’s progression into new markets as the company looks to raise an additional GBP300,000.
Eruptr Holdings (Eruptr), a provider of ROI-focused digital marketing patient engagement and customer acquisition solutions for hospitals and healthcare systems, has completed the acquisition of the health risk assessment (HRA) business line of Medicom Health.
In March 2020, Eruptr acquired HealthAware, another market leader in the health risk assessment space. Medicom Health and HealthAware are highly complementary and the two solutions under Eruptr will allow the Company to offer hospital and health care systems a best-in-class suite of digital marketing solutions at scale.
In October 2018, Eruptr secured a strategic investment from HIG. Growth Partners, the dedicated growth capital investment
Record-level deal activity in 2021 and the associated resource strain may mean dealmakers will turn away or delay deals in 2022, though many expect to circumvent the issue by using more technology.
Apex Group Ltd (Apex) has been appointed to provide fund administration, investor reporting and investor portal services to RailField Partners (RailField), a multifamily investment and asset management firm.
Apex will support RailField’s fund accounting needs for their first institutional LP funds.
Based in Bethesda, Maryland, RailField has partnerships with a wide range of investors including family offices, pension funds and private equity firms. With a portfolio of 14 properties containing approximately 4,500 units in eight markets across the Mid-Atlantic, Southeast and Texas, RailField has transacted over USD215 billion in multifamily real estate.
Establishing a robust valuation framework for private debt as a growing and maturing asset class will be critical from a regulatory and investor reporting standpoint, according to a report from the European Leveraged Finance Association (ELFA) and Houlihan Lokey.
The Insights report, Valuation of Private Debt Investments, aims to provide a primer to the methodologies and practical considerations faced by valuation practitioners when assessing private debt instruments.
The European private debt market has experienced significant growth from EUR8 billion in 2012 to EUR120 billion in 2020, with the asset class increasing in importance within investors’ portfolios. The report highlights
Medical Credit Fund (MCF), a debt investor fully dedicated to the African health sector, has completed a EUR32.5 million fundraise of its second fund (MCF II).
The funding round was anchored by the Dutch Ministry of Foreign Affairs, which provided the first equity injection of EUR7.5 million in January this year, to cater to the demand for loans during the heights of the Covid-19 crisis. Also participating in this funding round are CDC Group, EUR10 million, FMO, EUR7.5 million, Swedfund, EUR5 million and Philips, EUR2.5 million.
In addition, MCF will benefit from a guarantee facility by the US International Development
A new global study looking at the future of fund administration and the impact of new technologies has found a significant number of private capital funds are still lagging behind in terms of their digital capabilities, limiting competitiveness and opportunities for growth.
The study, The Future of Fund Technology, commissioned by Intertrust Group and based on interviews with 300 private capital fund senior decision-makers in the UK, Europe, North America, and Asia, found one-third of private capital funds (30 per cent) are still using primarily – or even entirely – manual processes. In addition, one-fifth (21 per cent) of respondents
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