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The Riverside Company, a global private equity firm focused on the smaller end of the middle market, has completed fundraising for its Riverside Europe Fund VI (REF VI).  The firm’s latest buyout vehicle closed on EUR465 million of capital commitments, nearly 40 per cent more than its predecessor, making it the largest fund the firm has raised in Europe to date. REF VI follows the same investment strategy as previous funds and remains focused on acquiring “little leaders,” partnering with strong management teams to make those companies bigger and better, often growing them internationally. The fund targets European businesses, generally
One million homes in the UK are now being powered by green energy, as a result of anaerobic digestion (AD) projects funded by dedicated, specialist Finance Arranger – Privilege Finance, the lending partner of Prestige Funds. Based near Cambridge, UK, Privilege Finance manages the private debt and infrastructure lending portfolios of several Prestige Funds. Since 2012 it has invested over GBP 600m in both new builds and acquisition projects in renewable energy. Privilege already backs one of the largest portfolios of clean energy projects in the UK supporting, farm, food and agri related business in what is a very specialist
European private debt manager Pemberton has provided financing to support Exponent’s acquisition of Proper and its merger with Eat Real, two healthier snacking companies in the United Kingdom.  The financing is complemented by an acquisition and capex committed facility.   Founded in 2014 by Priyesh Patel, Eat Real has grown into the UK’s number one ‘free-from’ snacking brand. Proper, founded by Cassandra Stavrou and Ryan Kohn in 2011, is a pioneer in UK healthy snacking. The two businesses will be integrated as one Group and will continue to operate under their respective brand names. The Group will be headquartered in
The Astrea VI private equity bonds issued this month have been tokenised by iSTOX to reduce the minimum investment ticket by up to 10 times.  This marks the first time digital tokens with exposure to bonds in the Astrea series have been offered.  The manager of the Astrea VI transaction is a wholly-owned subsidiary of the Azalea Group, which is in turn an indirect wholly-owned subsidiary of Temasek Holdings. iSTOX’s digital tokens lower the threshold for accredited investors to gain exposure to the private equity bond asset class. The digital issuance, or tokenisation, covered bonds from the two USD-denominated tranches
FundRock has secured regulatory approval from the Autorité des Marchés Financiers (AMF), the French financial markets regulator, for FundRock FFAM, its new AIFM service in France. The new service, which will assist international and domestic professional investors in accessing alternative asset classes including private equity and real estate, strengthens FundRock’s presence in the alternative investment market in Europe and particularly in France.   Since the initiative was announced last year, FundRock has attracted a large number of new French regulated funds. Prior to the launch of FFAM, a dedicated team within FundRock had been managing these funds from its Luxembourg
Explore, a specialist in the development of B2B business solutions, has taken a minority stake in Sociétéinfo (SmartData) with the support of Activa Capital. This acquisition will enable Explore to deploy innovative solutions on the B2B data market and thus strengthen its position on its market in France.   Based in Neuilly-sur-Seine (Western Paris) and created in 2017 by Alexandre Conraud and Antoine Onnen, SmartData, through its brand Sociétéinfo, offers its clients B2B sales and marketing solutions. The result of open data and more than three years of R&D, Sociétéinfo offers a 360-degree vision of companies through its legal and
Downing Renewables & Infrastructure Trust (DORE) has completed the acquisition of a 96MWp portfolio of c50 solar PV assets located in mainland Great Britain and Northern Ireland for a total consideration of GBP42 million (including working capital balances and cash held by the portfolio companies).  The transaction was completed pursuant to an option agreement entered into on 12 November 2020.   The portfolio, described as the “Seed Assets” in the Company’s prospectus published on 12 November 2020, says: 13 ground-mounted sites located across mainland GB totalling c73 MWp; 28 commercial rooftop assets totalling c10 MWp; and seven residential rooftop portfolios
Two of Scotland’s most successful entrepreneurs have launched a new investment arm for their diverse and growing portfolio of investments.  Paddy Burns and Chris van der Kuyl – co-founders of multiple award-winning games developer 4J Studios, best known for developing Minecraft for Microsoft, Sony and Nintendo games consoles – have established Chroma Ventures as a means of consolidating an investment portfolio focused principally on data-led businesses and those developing and deploying innovative technology.  Chroma Ventures will channel flexible capital into a range of early-stage and established businesses with high-growth potential.    Burns and van der Kuyl have been active supporters
Caton Technology (Asia) Limited, a pioneer in next-generation IP network transport solutions announced has secured a USD50 million majority equity investment from Pasaca Capital Inc, a California-based private equity firm.  This investment will support Caton’s expansion plans to reach more businesses, applications and people with its technology and solution to unlock the internet for superior live video. Caton is an experienced leading innovator in enabling IP delivery networks for the broadcast and media industry. Its R2TP technology and global network CatonNet have been integrated successfully as a disrupting solution for the delivery of low latency live IP video transport. Through
Aldea Ventures has has held a EUR60 million first close of a target EUR100 million fund to invest in 700 technology-enabled startups across Europe.  The firm takes a hybrid approach. Firstly, as a fund of funds Aldea invests in up to 20 early-stage micro VC funds across Europe and secondly, as a co-investment platform, the company will back the most promising startups from Series A upwards.  The Pan-European fund’s vision is to invest in cutting-edge technologies and industries, and support growth across Europe, connecting VC talent and startup ecosystems across entrepreneurial hubs. The diverse portfolio will also provide the firm

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