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Funds advised by Equistone Partners Europe (Equistone), one of Europe’s most active mid-market private equity firms, have agreed to acquire Franke Water Systems, a division of Franke Group and a leading European producer and supplier of kitchen and bathroom fittings for the residential, public and commercial sectors.  Thorsten Klapproth, former CEO of Hansgrohe SE and WMF AG, joins the transaction as a co-investor. The seller of the Franke Water Systems division, which consists of the two business units KWC Group (KWC) and WS Commercial Group (WSC), is Franke Holding AG (Franke Group). The current management team will continue to drive
EmergeVest, a Hong Kong-headquartered, growth-oriented private equity investment group with holdings that include EV Cargo, a global logistics-technology company and one of the largest private logistics companies in the UK, has announced two senior appointments, Gary Edwards and Rupert Myer. Edwards has joined EmergeVest as a Managing Director based in London. He will participate in all aspects of EmergeVest’s investment and business activities. In addition to joining the EmergeVest global investment committee, he will also join the board of EV Cargo.   Myer meanwhile, has joined EmergeVest as a Senior Advisor and will also join the board of EV Cargo.
Entrepreneurial Equity Partners (e2p), a Chicago-based private equity firm focused on the food and consumer packaged goods industries, has invested in Ya YA Foods Corporation (Ya YA Foods) alongside the Abbas Al-Ali family, who will maintain a significant ownership stake.  Financial terms of the transaction have not been disclosed.   Ya YA Foods is a contract manufacturer of a broad range of aseptic food and beverage products including plant-based and high protein beverages, fruit juices, sports drinks, broths, and specialty milk and dairy beverages. Founded in 2008 and headquartered in Toronto, Ya YA Foods is one of the largest and
BCB Group, a European provider of business accounts and trading services for the digital asset economy, has closed a USD4.5 million strategic funding round co-led by North Island Ventures and Blockchain.com Ventures, with participation from Pantera, L1 Digital and Pack Capital. BCB provides accounts and payments processing for the world’s largest digital asset institutions including Bitstamp, Coinbase, Galaxy, and Kraken, in dozens of fiat and cryptocurrencies. BCB Group is the only dual regulated institution to offer clients a complete end-to-end suite of payment processing, cryptocurrency trading and custody services accessible through a unified API-enabled platform, allowing clients to access a
ARQIS has advised RENK Aktiengesellschaft, a portfolio company of private equity investor Triton, on the acquisition of the Combat Propulsion Systems business (CPS), including Magnet-Motor GmbH (MM) from L3Harris Technologies Inc. 
International law firm Proskauer has advised Bessemer Venture Partners on the creation of two funds which, in total, raised USD3.3 billion. The BVP XI fund, at USD2.475 billion, will focus on early-stage companies spanning across enterprise, consumer, healthcare, and frontier technologies. The USD825 million Century II fund is designed for growth-stage companies. The Proskauer team included partners Howard Beber and Matt McBride, associates Kerry Shriver,  Stephanie Annunziata, Luke Charette, Coco Xiao, Jeana Johnston, Abigail Luiz  (Private Funds), partners Scott Jones and Stephen Severo and associate Kim Swiszcz (Tax).  
Ambienta, a sustainability-focused European asset manager, has made two senior appointments – William Kitchin becomes the Head of Business Development for Ambienta X, the firm’s public markets division, while Michele Romualdi has been appointed Head of Sales Italy. Read the full story at Hedgeweek…  
Mid Europa Partners (Mid Europa), a private equity investor in Central and Eastern Europe, has completed the acquisition of Sage Poland from The Sage Group plc. Sage Poland is a leading provider of mission-critical business software to SMEs in Poland, operating under the well-recognised “Symfonia” brand.  The Company offers best-in-class software packages for accounting, payroll, and other ERP solutions to a diversified base of loyal clients.
The London Technology Club (LTC), has invested in Rollick Inc, which operates the GoRollick Powersports, RV, and Boat Buying Program Marketplace, as part of a USD8.5 million fundraising round. LTC’s investment is made alongside strategic investors Sandbox Insurtech Ventures and TechNexus, as well as Dallas, Venture Capital and Congress Avenue Ventures. Liveoak Venture Partners, Silverton Partners, Autotech Ventures, Manchester Story, Anthem Venture Partners, and Capital Factory continued their support in this round of financing. The current round brings the total capital invested in the company to $22M. Rollick executed initial program rollouts with several strategic partners in the second half
Leading global investor services group IQ-EQ has today announced plans to expand its Irish operations with the launch of a dedicated Funds business in Ireland. Enhancing the group’s existing fund services offering, this move signifies the increasing importance of Ireland as a funds domicile, particularly in light of Britain’s recent exit from the European Union and the changes to the Irish Investment Limited Partnership (ILP) legislation. Ireland is already popular among US fund managers, having cemented its status with the Irish Connective Asset Management Vehicle (ICAV), which complements US tax planning.   The IQ-EQ Group, which includes Blue River and

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