PE Tech Report

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BC Partners owned DentalPro, a private dentistry practice in Italy, is to acquire Vitaldent Italia from JB Capital.  The agreement will see DentalPro take control of Vitaldent’s 80 dental practices and integrate them into DentalPro’s network and brand. Financial terms of the transaction were not disclosed.    On completion, DentalPro will have cemented its position as the leading Italian dentistry group and will become the seventh largest private healthcare business in the country. The Group will be comprised of 260 dental centres spread across 14 regions in Italy and will employ approximately 2,000 staff including more than 1,500 dentists and
British health technology company Visionable has appointed David Walker to the newly created position of Chief Commercial Officer (CCO), effective immediately. 
The Carlyle Group has agreed to increase its shareholding in VARO Energy, an energy company active in North West Europe. The transaction, which is subject to regulatory approval, sees Carlyle acquire the stake in VARO currently owned by Reggeborgh, a Dutch private investment company. Vitol Group’s shareholding in VARO remains unchanged.   Founded in 2012 with the acquisition of the Cressier Refinery (CH), VARO has grown rapidly to become one of the leading energy transition focused downstream businesses in North West Europe. Significant additions to the platform include the majority shares in the Bayernoil refineries, and a merger with Argos.
The Carlyle Group and Brighton Park Capital are to acquire minority stakes in  Indegene, a Bangalore-headquartered enterprise healthtech solutions provider, for USD200 million.  The transaction, which is subject to customary regulatory approvals, consists of a secondary sale from existing shareholders of Indegene and a primary investment into the company.   Founded in 1998 by five first generation entrepreneurs, Indegene has emerged as the leading digital transformation partner to the global life sciences industry. With more than 3,000 employees across North America, Europe, China, Japan and India, Indegene provides technology platforms and commercialisation services to pharmaceutical, biotechnology, and medical device companies.
Carey Olsen’s investment funds team in Guernsey, together with the Guernsey funds team of global investor services group IQ-EQ, have advised Queen’s Park Equity (QPE) on the successful launch of its debut fund Queen’s Park Equity Partners I, which closed at its hard cap of GBP185 million and was raised entirely during the coronavirus (Covid-19) pandemic.
Kohlberg & Company (Kohlberg), a private equity firm specialising in middle market investing, has held the final closing of its ninth private equity fund, Kohlberg Investors IX (Fund IX) with USD3.4 billion in total commitments.
Alliance Etiquettes, a French specialist in label printing for the wine and spirits industry, has acquired Etiq’Etains, a specialist in the pewter label printing market in France.
Bot MD, an AI healthcare company based in Singapore, has closed a Series A round of USD5 million led by Monk’s Hill Ventures.
African investment
The Governments of Luxembourg and Cote d’Ivoire will invest a total of EUR10 million into Bamboo Capital Partners’s BLOC Smart Africa, a technology impact fund with a target of EUR100 million. The move follows Cote d’Ivoire’s previous intention to commit EUR5 million to the fund, announced at the UN’s High-Level Political Forum in July last year. The fund will invest in high-growth potential start-ups to scale up across the continent, and is part of the Smart Africa Alliance, a pan-African initiative to accelerate sustainable socioeconomic development by investing in underserved African communities.  The organisation helps funds with fundraising efforts, by
SujiBFR, a health and fitness startup based in Edinburgh, has received a six-figure investment to support the development of a smart fitness device that can dramatically reduce pain and increase muscle strength during exercise.  The technology, named Suji Device, improves muscular performance and offers a solution to fitness enthusiasts and elite athletes who experience pain when exercising or playing sport. Based on blood flow restriction (BFR) training principles, the AI-powered device utilises low-intensity and bodyweight exercise to offer the same training benefits achieved with high-intensity weight training. Tennis champion Jamie Murray and his partner Alejandra Murray invested in SujiBFR during

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