PE Tech Report

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JAB has promoted Joachim Creus and David Bell to the newly created position of Senior Partner, effective immediately. Both Bell and Creus will continue to report to Managing Partner and CEO Olivier Goudet, supporting both him and Managing Partner and Chairman Peter Harf. These promotions are another milestone in JAB’s continued focus on building and expanding the firm to position it for long-term growth.   Creus has been with JAB for over 10 years and has played a critical role in building it into a global investment company. He has been at the cetre of JAB’s major investments and expansion
Vinci Partners Investments, the controlling company of an alternative investment platform in Brazil, has held the final closing of Vinci Impacto e Retorno IV (VIR IV), the impact family of funds managed by the Vinci Partners’ Private Equity segment.  The fund was formally closed at the Hard Cap of BRL1 billion. This fundraise represents additional long-term capital with formal lock ups of at least 10 years, raised through local and offshore institutional clients, high net-worth individuals, and retail investors. VIR IV has a unique strategy in Brazil, with a dual mandate to generate favourable market returns as well as impact,
Manchester-based corporate advisory firm Rickitt Mitchell is investing in its team with the promotion of Charlotte Greenhalgh to Manager.  The news follows the recent promotion of Kaine Smith to the board, with further hires in the pipeline.   Greenhalgh started her career at PwC where she completed her ACA qualifications, before joining Rickitt Mitchell in 2019 as a Corporate Finance Executive. Since then, she has progressed quickly, supporting on a number of high-profile transactions with a combined value of over GBP100 million. Most recently, Greenhalgh has worked with board members Neil Mitchell and Kaine Smith on the sale of Antler
Cerba HealthCare (Cerba HealthCare), together with Partners Group, a global private markets firm, and the Public Sector Pension Investment Board (PSP Investments), one of Canada’s largest pension investment managers, has entered into exclusive discussions with the EQT IX fund (EQT Private Equity) to enable the Company to continue its long-term innovation services strategy and enhance services for patients and the medical community. Cerba HealthCare, headquartered in France and firmly established in Europe and Africa through its historical routine and specialty biology expertise, also operates globally through its clinical trials business unit for the validation of new compounds and vaccines. The
Mid Europa Partners (Mid Europa) is to acquire UAB Pigu (Piqu), an e-ccomerce platform focussed on the Baltic countries.  Additionally, Mid Europa has agreed with MCI.Euroventures and the founding shareholders of Pigu and Hobby Hall Group OÜ (HHG) to combine Pigu and HHG to create one of the leading e-commerce and online marketplace platforms operating across Lithuania, Latvia, and Estonia with a growing presence in Finland.   Mid Europa will emerge as the majority shareholder supported by MCI.Euroventures (MCI buyout fund) and the two founding shareholders of Pigu and HHG retaining significant stakes in the combined Group. The transaction, which
Maven Capital Partners (Maven) has led a GBP1.5 million investment in Boiler Plan (UK) Ltd (Boiler Plan), an online platform that sells, installs and services boilers across the UK.
MPMF Fund Management (Ireland) Limited (MPMF), the Maples Group’s alternative investment fund manager and UCITS management company, has appointed industry expert, Declan McHugh who will have overall responsibility for MPMF’s business in Ireland. An evolving regulatory environment, new and extensive authorisation, operational and transparency requirements, and increasing demands from regulators and investors have made operational efficiency more important than ever. At the same time, the management company space has rapidly matured and has become increasingly integrated with investment manager operations. Given these dynamics, fund managers are looking for holistic solutions – including management company, legal, fiduciary and fund services –
Citizens M&A Advisory served as the exclusive financial advisor to Telestream in its acquisition of Masstech.  Telestream, a portfolio company of Genstar Capital, is a vertical market software business focused on the video space and is a global leader in media workflow orchestration, media streaming and delivery technologies. Masstech, based in Whiteley, England, and a portfolio company of FPE Capital, is a provider of hybrid cloud-based storage and asset lifecycle management solutions for the media and entertainment industry. It represents Telestream’s 10th acquisition, coming shortly after its purchase of EcoDigital.    Telestream develops products for media processing and workflow orchestration;
Blue Point Capital Partners (Blue Point) and its Blue Point IV portfolio company, VRC Engineered Solutions (VRC), has acquired Cascadia Custom Molding (Cascadia). The acquisition will expand VRC’s product offerings and geographic footprint while enhancing manufacturing capabilities and diversifying end markets served.  For over 40 years, Cascadia has provided high-quality thermoplastic components to highly regulated and attractive markets such as medical, aerospace and consumer goods. Cascadia operates out of manufacturing facilities in Coeur d’Alene, Idaho, and Woodinville, Wash. The acquisition will expand VRC’s manufacturing footprint into the Pacific Northwest, offering increased capability and flexibility for both VRC and its customers. 
Allvue Systems (Allvue), a specialist alternative investment technology solutions provider, has agreed with GOT YOUR BACK to provide fund accounting software for its alternatives fund management clients. GOT YOUR BACK is a specialist fund and corporate services provider based in Sweden whose clients include managers of private equity and other alternative investment funds.  Allvue will deliver its comprehensive Fund Accounting solution, enabling GOT YOUR BACK to streamline and seamlessly manage record-keeping and reporting for customers. The solution includes a robust platform that utilises cloud-based architecture to handle the most complex fund structures and accounting requirements.  “When evaluating software providers, we

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