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Alex Di Santo, Crestbridge
By Alex Di Santo (pictured), group head of private equity at Crestbridge – It’s a good time to raise assets – which will more than double for the private equity and venture capital space by 2025.
Kirkland & Ellis is advising Pamplona Capital Management (Pamplona) on its acquisition of Signature Foods from funds managed by IK Investment Partners. Signature Foods is a leading chilled convenience food company active in the growing European market, with a strong presence in Benelux.   The team was led by transactional partners David Holdsworth and Rachel Greenhalgh and associate Sam Hare, debt finance partner Kirsteen Nicol and associates Stefan Arnold-Soulby, Jessica Kim and Maurice Walsh, antitrust and competition partner Sarah Jordan and associates Arjun Chandran and Jordan Goater and tax partner Timothy Lowe and associate Anthony Antioch.  
Two West Midlands’ businesses are set to pursue new growth following funding packages from The Midlands Engine Investment Fund (MEIF) totalling over GBP1.7 million.  The duo of deals includes Birmingham-based insurance services firm, Parker Norfolk & Partners Ltd (“Parker Norfolk”) which secured GBP1.6 million, with Worcestershire company, AirTube Technologies Ltd (AirTube), receiving GBP175,000.    MEIF is managed by Maven Capital Partners (Maven) and backed by the Coronavirus Business Interruption Loan Scheme (CBILS).     Parker Norfolk provides multi-discipline insurance services that offers businesses a range of multi-insurance asset classes across different geographical markets. The funding package from MEIF Maven Debt
Information Venture Partners, a Toronto-based venture capital firm that primarily invests in early-stage North American B2B financial technology and enterprise software companies, has appointed Jane Podbelskaya as Principal.  Podbelskaya will be responsible for sourcing and executing new investments and providing operational support to Information Venture Partners’ existing portfolio companies.   Podbelskaya brings 20 years of experience in software, operations, investment and management consulting. Prior to joining Information Venture Partners, she most recently worked at Georgian Partners, a North American fund investing in growth-stage SaaS companies, where she held a number of roles over her six year tenure. Focusing both on
Eurazeo has come to an agreement with a group of international investors that will provide EUR340 million additional investment capacity for its Eurazeo growth strategy.  The investors will commit to a newly created continuation fund that will acquire a 32 per cent stake in Eurazeo Growth assets which were financed through the Eurazeo balance sheet. Eurazeo remains fully committed to the development of these companies; it will hold on to the remaining 68 per cent of these assets and will maintain full control through the management of the continuation fund. This transaction remains subject to the satisfaction of certain conditions
EQ Health Acquisition has closed its upsized initial public offering of 21,999,960 units at a price of USD10.00 per unit, including 2,869,560 units issued pursuant to the exercise in full by the underwriters of their over-allotment option.  The units began trading on the New York Stock Exchange (NYSE) under the ticker symbol EQHA.U on 29 January, 2021. Each unit consists of one share of the Company’s Class A common stock and one-half of one redeemable warrant. Each whole warrant entitles the holder thereof to purchase one share of Class A common stock at a price of USD11.50 per share. Once
Citizens M&A Advisory has served as the financial adviser to Leadec in its acquisition of Diversified Automation, Inc. Founded in 2002, Diversified Automation is a leading automation controls and software solution provider to the express parcel industry. It serves global express parcel and e-commerce companies, prime contractors and integrators with end customers that include Amazon, FedEx Ground and UPS. Headquartered in Louisville, Kentucky, and with annual sales of approximately $100 million, Diversified Automation has more than 140 engineers and project managers operating in seven locations across the United States.   Leadec, a portfolio company of Triton, is headquartered in Stuttgart,
Cabot Square Capital has substantially increased its equity investment in Blue Motor Finance (Blue). This further round of investment follows the announcement in December of a new GBP300 million financing facility with a leading international bank and provides Blue with sufficient funding to deliver beyond its 2021 plans. Blue continues to deliver very attractive investment opportunities characterised by loan portfolios with relatively low average loan sizes, low term lengths, diversity in originations and customer base, good security and predictable low default rates. Blue’s long term consistency and prudency in credit risk policy has supported this investment and their ongoing performance.
Data presented by Buy Shares indicates the value of funds raised by venture capitalists in Europe surged by 147.78 per cent between 2016 and 2020. Last year recorded the highest value in a decade at USD49 billion, a growth from 2019’s USD42 billion. In 2018, the value was USD33.01 billion representing a growth of 27.9 per cent from USD25.85 billion recorded in 2017. As of 2016, the value was at USD20.10 billion. Over the last decade, the lowest value of funds raised by venture capitalists was USD4.20 billion in 2010. The Buy Shares analysis explained the European VC ecosystem amid
Great Hill Partners, a growth-oriented private equity firm behind Wayfair, ZoomInfo, and Reward Gateway, has invested in BigChange, a mobile workforce management technology company for the service and transport sectors.

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