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SWEN Capital Partners, a specialist in responsible investment for unlisted assets, has completed the interim closing of its infrastructure fund, SWEN Infra Multi-Select 4 (SIMS 4).  The fund stands at EUR255 million with participation from French and European investors, furthering SWEN’s ambition of supporting the transition to a low-carbon economy in Europe. This statement of confidence from French and international investors demonstrates the preeminent standing of the infrastructure strategy SWEN Capital Partners has pursued for over ten years across both open and dedicated funds.     Building on the solid track record of previous vintages, the new fund takes another
Private investment firm Sun Capital Partners (Sun Capital) has completed the acquisition of Exadel, a founder-owned, global provider of digital software engineering solutions and services. Terms of the private transaction have not been disclosed. Founded in 1998 and headquartered in Walnut Creek, California, Exadel builds critical enterprise-wide platforms with a focus on accelerating digital transformation for blue chip customers around the world. With more than 20 locations and delivery centres across the US and Europe, Exadel uses agile practices to solve complex engineering problems for clients such as Deloitte, Google, HP, McKesson and Mercer.   “Sun Capital has invested in
UK mid-market private equity firm LDC has invested in Sohonet, an international provider of connectivity, collaboration software, media services and network security for the media and entertainment industry. LDC’s investment will support the existing management team, led by CEO Chuck Parker, to further build on its international growth strategy and explore complementary acquisitions.   Founded in 1995, Sohonet provides over 500 media companies and thousands of media professionals with a wide range of technically advanced and highly secure solutions. These are designed to help media professionals collaborate on projects with their internationally distributed teams to create the magic that appears
Quadrille Capital (Quadrille), an independent global investor in technology and healthcare growth equity with a data-driven and financially disciplined investment strategy, has successfully raised EUR511 million for its fourth technology fund Quadrille Technologies IV (QT IV).  Up to 50 per cent of that amount will be invested in Europe.   Strong demand from a diversified base of new and returning institutional investors and family offices in Europe, Middle East and Americas allowed QT IV to exceed its EUR500 million hard cap. The increased size from the EUR135 million predecessor fund reflects the expanded investment capability of Quadrille, driven by a
Papaya Global, a workforce management platform transforming global employment, announced today that it has raised USD100 million in a Series C funding, bringing the company’s valuation across USD1 billion.  The new investment follows Papaya’s $40 million Series B funding announced less than six months ago.  The new funding round was led by GreenOaks Capital Partners and joined by IVP Ventures and Alkeon Capital, with participation from existing investors Insight Venture Partners, Scale Venture Partners, Bessemer Venture Partners, Dynamic Loop, New Era and Workday Ventures, Access Ventures and Group 11. The new investment brings Papaya’s total funding to USD190 million.  Papaya’s
Global private equity firm OpenGate Capital’s portfolio company, SMAC, has completed the sale of its subsidiary, AXTER, which is focused on the production of waterproofing membranes, to IKO, a specialist in global roofing and related products based in Canada.  Terms of the agreement have not been disclosed.   SMAC, a global manufacturer of waterproofing and building envelope solutions headquartered in France, is representative of OpenGate’s strong record of acquiring complex, industrial, and specifically building and construction related businesses across North America and Europe.   Andrew Nikou, OpenGate’s Founder and CEO, says: “With the successful completion of this transaction, SMAC will
Limerston Capital portfolio company Axiom International Limited (Axiom) has completed the acquisition of Torchlight Group Limited (Torchlight). London based Axiom is a specialist in the provision of strategic capacity building programmes, institutional and public sector reform, peace-building and national security development. It forms part of the larger Limerston Capital-backed AFA International, led by CEO and Axiom Co-Founder Prof Angela Gallop, CBE. This is AFA International’s second acquisition following the formation of the group in 2020. Based in Swindon, Torchlight specialises in the provision of security and development services, delivering programmes on behalf of bilateral and multi-lateral donors, including the UK
Kennet Partners Limited (Kennet) and Goldman Sachs Growth Equity (Goldman Sachs) are to sell their co-owned portfolio company, Nuxeo, a content services platform and digital asset management (DAM) provider.  to Hyland Software. Kennet and Goldman Sachs are expected to make a five-times return on their investment in Nuxeo.   Kennet and Goldman Sachs acquired Nuxeo in 2016. Nuxeo’s platform focuses on Digital Asset Management for companies with fast product life cycles such as media, fashion and consumer electronics, and Enterprise Content Management for financial institutions. Nuxeo has a range of global customers across its target sectors such as ABN-AMRO, Fox,
ICV Partners, an investment firm focused on lower middle market companies in business services, consumer goods & services, food & beverage, and healthcare, announced today that has appointed former Coca-Cola Company executive Bill Ford as a Managing Director in its Portfolio Operations Group (POG) to help drive operational excellence within ICV’s portfolio companies. Based in the firm’s Atlanta office, Ford joins ICV’s expanding POG, which in January included the addition of senior operating executive Mary Rachide. The POG now consists of three highly qualified professionals.   “Bill understands the consumer and value of brands and has helped to ignite growth
HIG Capital (HIG), a global alternative investment firm with over EUR35 billion of equity capital under management, is to acquire KPMG’s UK restructuring business, a leading provider of insolvency, financial restructuring and turnaround services in the UK and globally.  Terms of the transaction, which is expected to complete in April 2021, have not been disclosed.   KPMG UK Restructuring is a leading multidisciplinary practice of approximately 22 partners and 528 staff located across the full breadth of the UK. The group advises companies, lenders, equity holders and a wide range of other stakeholders including Government, regulators and pension trustees to

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