PE Tech Report

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Onecom, the UK’s leading business telecoms and cloud communications provider, has added thousands of fixed line and cloud customers and hundreds of channel partners to its portfolio in a deal with 9 Group. As part of the transaction 9 Retail, which has over 5,000 telephony, hosted voice and on-premise customers, becomes a Onecom Group company along with 9 Partners, which supports 450 indirect channel partners, providing a suite of integrated connectivity solutions, localised customer service and billing and analytics. This strategic acquisition marks Onecom’s second major deal in as many months, following its acquisition of Olive Communications in February, and
Dillon Eustace has appointed Colman O’Loghlen as a Partner in the firm’s fourteen-partner strong Asset Management and Investment Funds team.  Colman specialises in advising firms on regulatory and structural issues relating to the establishment, and management of all types of investment fund structures.   Commenting on the appointment, Donnacha O’Connor, Managing Partner, says: “We’re delighted that Colman has joined Dillon Eustace. Our continuous investment in people and our team of experts is critical to successfully supporting our large national and international client base, and this appointment will greatly contribute to strengthening our position as a leading Irish legal firm and
Clayton, Dubilier & Rice (CD&R) is to sell its portfolio company Capco, a global management and technology consultancy, to Wipro Limited, a leading global information technology, consulting and business process services company. The transaction, expected to close in the second quarter of 2021, is valued at USD1.45 billion. London-headquartered Capco provides digital, consulting and technology services to financial institutions in the Americas, Europe and the Asia Pacific. The company has worked closely with key business and operational leaders in the banking, capital markets, wealth, asset management and insurance sectors and is widely acknowledged for its domain and digital consulting expertise,
BGF has invested in secure lock and hardware supplier, Brisant Secure, which is based in the East Midlands and West Yorkshire.  The investment will support Brisant’s ambitious long-term growth plans and enable the company to develop further innovations and opportunities.    Brisant partners, Nick Dutton and Steve Stewart, remain majority shareholders and Seb Saywood, a BGF investor, joins them on the Brisant board. Dutton and Stewart will continue to be responsible for the management and direction of Brisant and will continue to drive product innovation.    Since bursting onto the locksmith scene in 2013, Brisant has been raising the standards
B Riley Financial, a provider of business advisory and financial services, has appointed Martin Bernstein as Head of Private Investments.  In this newly created role, Bernstein is responsible for sourcing, underwriting, and managing investments with private companies in addition to leading distribution to the firm’s syndication partners.   “We are pleased to welcome Marty to B Riley,” says Dan Shribman, Chief Investment Officer of B Riley Financial. “As a firm, B Riley employs an active investment strategy of providing debt and equity financing to client-partners. Our investment portfolio has primarily focused on public companies over the last several years and
AM Ventures, a venture capital firm in additive manufacturing (AM), has held the initial closing of a venture capital fund dedicated to industrial 3D printing.  The company and major shareholders, the LANGER GROUP, join forces with KGAL, one of the leading independent investment and asset managers for real capital investments in Europe. The initial closing brings the fund close to 50 per cent of the targeted commitment. The fund will continue to focus on further strengthening the support for seed and early growth stage hardware, software, materials, and applications startups in industrial 3D printing globally. The closing of this one-of-a-kind
The number of takeovers by UK acquirers of continental European businesses fell 30 per cent from 488 in 2019 to 342 in 2020 as Brexit and Covid-19 hampered deal activity, shows new research from Accuracy, the global independent financial and strategic consulting firm. In comparison, the overall number of deals targeting continental European companies fell by 27 per cent from 6,665 to 4,843 over the same period. The number of acquisitions by US businesses in continental Europe declined by 25 per cent in the same period.   Accuracy says concerns over the potential impact of a no-deal Brexit deterred UK
Judith Hartley, British Patient Capital
By Judith Hartley (pictured), CEO, British Patient Capital – This International Women’s Day, I’d like to shine a light on the brilliant work of various women within the UK’s venture capital industry and the outstanding contribution they have been making at all levels of society.
Global law firm Ropes & Gray has bolstered its international funds offering with the appointment of Emily Brown as a partner in its Asset Management Group, based in London. Read the full story at Institutional Asset Manager…
Thompson Street Capital Partners (TSCP), a private equity firm based in St Louis, has acquired Freddy’s Frozen Custard & Steakburgers (Freddy’s), a Kansas-based franchisor of fast casual restaurants. Terms of the transaction have not been disclosed. Founded in 2002 with its first company-owned location in Wichita, Freddy’s fast casual restaurants feature steakburgers, shoestring fries, and freshly churned frozen custard. The Company’s family friendly restaurants focus on premium quality ingredients, cooked-to-order food, and best-in-class hospitality. Since opening the first franchise location in 2004, Freddy’s award-winning system has rapidly expanded to more than 360 franchised locations and over 30 company-operated restaurants spanning

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