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Novo Holdings, an international life sciences investor, today announced that it has invested in Sound Bioventures Fund I as cornerstone investor in the first close of EUR110 million.
Sound Bioventures will be investing in private biotech companies and will focus on companies with assets in clinical or late pre-clinical stages, primarily within rare diseases.
The fund will be managed by a founding team with extensive experience from venture investing and operational drug development. The team includes Casper Breum, who has a background from Novo Nordisk, Lundbeck and Lundbeckfonden Ventures, Johan Kördel who brings experience from Pharmacia, Biovitrum and Lundbeckfonden Ventures,
New Water Capital, a lower-middle market private equity firm, has sold Emerald EMS (Emerald), a provider of high-mix, low-volume engineering, design, prototyping, testing, assembly and lifecycle support services for blue-chip original equipment manufacturers, to private equity firm Crestview Partners (Crestview).
Emerald EMS increased earnings five-fold during the two years of New Water’s ownership.
New Water’s initial investment in the Electronic Manufacturing Services (EMS) sector occurred in September 2019, through its initial simultaneous acquisition of Salem, New Hampshire-based DataED and Silicon Valley-based Bestronics, Inc. New Water and management re-branded the two companies in June 2020 to create Emerald EMS.
Financial terms
HIG Capital (HIG) has completed a growth investment in IT solutions provider General Datatech (GDT).
GDT is a multi-vendor IT solutions provider (ITSP) with a services-driven approach serving blue chip enterprises and government agencies across the globe. Founded in 1996, the Company offers its customers comprehensive solutions, including professional services, managed services, and the design, architecture and resale of OEM hardware, software, and maintenance.
HCML, a UK-based provider of rehabilitation and case management solutions, has appointed industry veteran, Nick Delaney, as CEO following its recent acquisition by healthcare specialist investors, Apposite Capital.
Delaney previously headed up the team at Ascenti where he was CEO, growing the business by over five times during his seven years of leadership and opening over 400 therapy sites. More recently Delaney has provided extensive strategic and non-executive advice to many well-known names within the healthcare industry, including Moving Minds, the handl Group, My:Method, UKS Health Group and The Medical.
Script, a specialist in Enzymatic DNA Synthesis (EDS) for on-demand DNA printing, has completed its Series C financing, raising USD200 million of new capital. With this latest financing, DNA Script has raised USD315 million since the company was founded in 2014.
Accounts and funds advised by T Rowe Price Associates and Baillie Gifford participated in the second tranche of the Series C, along with Healthcor Management, eureKARE, and Irving Investors. They joined Coatue Management, Catalio Capital Management, Fidelity Management & Research Company LLC, Columbia Threadneedle Investments, Casdin Capital, as well as other investors who participated in the first closing.
Proceeds
Vietnam-based Anfin, a fintech firm with a proprietary stock trading platform, has raised USD1.2 million in a seed round led by Goodwater Capital and Global Founders Capital (GFC) – the latter coming in as a returning investor.
Joining the round is a new investor, XA Network as well as First Check Ventures, another existing investor of Anfin’s. The fresh injection will be channelled into doubling down efforts to further develop Anfin’s platform to provide its retail investors real-time fractional share trading.
The investment comes at the heels of a recent agreement inked in December 2021 with Viet Tin Securities
Experienced investor, lender and adviser Stephen Murray has joined YFM Equity Partners (YFM), which has offices in Birmingham, London, Leeds, Manchester and Reading, as investment director to strengthen the firm’s support for fast-growing businesses across the Midlands.
YFM typically invests between GBP2 million and GBP10 million per transaction.
Murray will be based at YFM’s new central Birmingham office at 102 Colmore Row. YFM plans to grow its presence in the city and will be expanding the team in the coming months.
IK Partners’ (IK) IK Small Cap III Fund is to acquire STEIN HGS (STEIN HGS), a B2B e-commerce specialist for barrier technology, municipality, construction site and facility management supplies.
IK is investing from its dedicated pool of Development Capital and is acquiring its stake from Lennertz & Co (Lennertz) and the founder, Bodo Stein, both of whom will be reinvesting alongside IK. Financial terms of the transaction have not been disclosed.
Completion of the transaction is subject to legal and regulatory approvals.
Silverfleet is to sell CoreDux, a manufacturer of flexible gas and fluid artery systems headquartered in The Netherlands, to Arcline Investment Management.
Completion of the transaction is subject to customary regulatory approvals and is expected by Q1 or Q2 2022.
Founded following a carve-out of two entities from the BOA Group in 2019, CoreDux is a vertically integrated provider of flexible gas and fluid artery systems used in the most demanding high-tech applications such as semiconductor production equipment and aerospace equipment. The firm employs c300 staff and has manufacturing facilities in The Netherlands and France with further sales and
Markerstudy has acquired BGL Insurance (BGLi) from BGL Group, a digital distributor of insurance and household financial services, subject to regulatory approval.
The transaction is subject to regulatory approval and is expected to complete during the first half of 2022.
Markerstudy was advised by KBW, Slaughter and May, and Oliver Wyman. BGL Group was advised by Fenchurch Advisory Partners and Dentons.
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