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Data driven, delivery-only virtual food brands increasing revenue for local restaurants.
Pembroke VCT, the venture capital trust focused on backing early-stage businesses with exceptional founders and management teams, has invested GBP1 million into Peckwater Brands, the creator of data-driven virtual food brands, which develops delivery-only, fully-serviced food concepts to increase revenue for existing restaurants, its franchisees.
Launched by co-founders Leo Bradshaw and Sam Martin in June 2020, Peckwater’s solution allows independent restaurants to optimise their existing kitchen infrastructure, cooking orders for Peckwater Brands alongside their day-to-day operations. Peckwater benefits all parties; it enables restaurants to increase revenue and earnings,
Ironwood Capital has made subordinated debt and equity investments in Tracked Lifts, the exclusive continental US distributor and supplier of Platform Basket and Ommelift (Omme) tracked multi-terrain man lifts (aka spider lifts) and trailer mounted aerial lifts used primarily in the tree care industry.
Alex Levental, partner at Ironwood Capital, says: “Our market research shows that Tracked Lifts’ core spider lift product represents a compelling value proposition for customers, including higher efficiency, enabling companies to service more jobs with less headcount amongst an ever-tightening labor market, as well as enhanced safety. The company already has a significant installed base of
Industrial Opportunity Partners (IOP), an operations-focused private equity firm, has completed the sale of portfolio company Aarrowcast to Charter Manufacturing Company (Charter), a family-owned steel and iron manufacturing company.
The divestiture represents IOP’s seventh investment realisation from its USD275 million second fund, Industrial Opportunity Partners II, LP. Terms of the transaction have not been disclosed. IOP acquired Aarrowcast in August 2012.
Aarrowcast is a provider of ductile, gray and austempered ductile iron castings and specialises in large, complex castings utilising sophisticated metallurgy. Aarrowcast features three separate moulding lines, including the largest automated green sand line in North America –
FSN Capital has appointed Robin Muerer and Ulrik Smith as Co-Managing Partners, effective 1 January 2022. Rounding out the new leadership team, Morten Welo continues in his role as Chief Operating Officer.
This is the first leadership transition since FSN Capital was founded in 1999. Founder and current Managing Partner Frode Strand-Nielsen will step into a new role as Chairman of FSN Capital.
Strand-Nielsen says: “FSN Capital has now developed into a solid platform with market-leading returns and a strong team across Northern Europe. We have exciting plans for the future, and I look forward to working with Ulrik and
CenterSquare Investment Management (CenterSquare), a global real assets manager, has made a USD35 million equity investment in Flagship Healthcare Trust (Flagship), a Southeastern and Mid-Atlantic focused medical office private REIT with over two million square feet of office space and 75 properties.
CenterSquare made the investment as part of its Strategic Capital platform on behalf of a Fortune 100 institutional client pension plan. The equity investment will support the robust acquisition and development pipeline of the company’s growing portfolio.
“The medical office real estate sector is enjoying both favourable secular and cyclical tailwinds as an aging population is increasingly seeking
Development Partners International (DPI) portfolio company Dolidol has acquired African bedding and mattress supplier Mouka.
Lessen, a marketplace platform for the delivery of property services, has closed a USD170 million Series B funding round led by Fifth Wall with additional funding coming from Khosla Ventures, General Catalyst and Navitas Capital. The funding round sees the company valued at over USD1 billion.
The Series B funding announcement comes just five months after Lessen closed its Series A round, led by the same group of investors, bringing total capital invested to USD214 million. Proceeds from the current investment will be used to fund new technology products, support new field operations teams and facilitate market expansion.
Lessen modernises
Asterion Industrial Partners, an independent investment management firm focused on European infrastructure in the mid-market, has completed the squeeze-out procedure and acquisition of 100 per cent of Retelit, an independent operator of a network covering more than 15,000 km of fibre in Italy and provider of ICT services.
Alternative asset manager Tikehau Capital has appointed Vincent Archimbaud as Head of Wholesale Sales for Europe.
Based in Paris, his role will be to develop the distribution of the Group’s funds in Europe and contribute to the growth of its assets under management.
As Head of Wholesale Sales for Europe, Archimbaud will be responsible for accelerating the development and supporting Tikehau Capital’s client base of multi-family offices, funds of funds, asset managers, independent financial advisors, bank fund selectors, insurers and fund platforms, as well as private banking divisions. Vincent will coordinate the coverage of this client base with the regional
Rockit Pest, a portfolio company of private equity firm Halle Capital, has acquired Home Pest Control (HPC), a provider of pest control services in South Carolina.
The acquisition is consistent with Rockit’s strategy of identifying and investing in pest control businesses that are poised for long-term growth in both South Carolina and the greater southeast region.
Steven Leidinger, who has been an owner and general manager of the business for 26 years, will continue to manage the business as President of HPC. “I’m excited for Home to join the Rockit Pest family,” he says. “Rockit has established itself as a
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