PE Tech Report

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Foresight Group (Foresight), an independent infrastructure and private equity investment manager, has invested in Titania Group Limited (Titania), a cybersecurity automation software business.  The investment will be used to support the senior management team in taking Titania through its next stage of growth, assisted by Foresight’s expertise in the sector. Founded in 2009 by Ian Whiting, the company has grown substantially due to the success of its first product, Nipper, which automates the assessment of network devices to identify mis-configurations and vulnerabilities with the accuracy of a penetration tester. Winner of multiple cybersecurity industry awards, as well as the Queen’s
Global investment firm The Carlyle Group (NASDAQ: CG) has acquired Jagex, a developer and publisher of video games. Terms of the transaction have not been disclosed. Headquartered in Cambridge, UK, and employing more than 450 people, Jagex is one of the largest and most successful British video game studios, developing and publishing video games on PC and mobile. The company is best known for its online role-playing living game franchise RuneScape, which has attracted almost 300 million player accounts since its launch 20 years ago. Jagex has grown its RuneScape titles to a USD1 billion franchise. The titles, which are
UK-based growth capital investor BGF has made a further GBP4 million investment in fast-growth, lead generation technology business, ROI.  This deal follows just seven months after BGF’s initial investment, taking the total invested to GBP7 million. In November 2020, ROI acquired the consumer finance assets of Raketech to accelerate the company’s growth in the financial services sector and establish a base in Norway.    With ambitions to become the number one lead generation business in Europe, ROI’s success to date is through its lead generation product which allows small businesses to rent a highly optimised website, attract more leads and
he Board of Directors of the African Private Equity and Venture Capital Association (AVCA) has appointed Abi Mustapha-Maduakor as Chief Executive Officer (CEO). Mustapha-Maduakor joins AVCA from MedAccess, a subsidiary of CDC Group, where she was Head of Business Operations and Finance, overseeing financial and risk management, strategy implementation, and organisational development.   During her tenure as AVCA’s Chief Operating Officer from 2016 to 2019, Abi played an integral role in driving the Association’s strategy, prioritising knowledge exchange and digitisation. Under her leadership, the Association strengthened focus on data and pioneering research, professional development support for private equity stakeholders, and
Funds advised by Apax Partners have acquired the PIB Group (PIB), a leading independent specialist insurance intermediary, alongside PIB’s management team.  Funds advised by The Carlyle Group, PIB’s existing investor since 2015, will re-invest for a minority stake. The financial terms of the transaction (which is subject to applicable regulatory approvals) have not been disclosed.    PIB’s executive management team, led by Chief Executive Officer Brendan McManus and Chief Financial Officer Ryan Brown, will continue to lead the business following the acquisition.   Launched in 2015, PIB has grown significantly during Carlyle’s ownership, both organically and through acquisitions. Today it
ADM Capital Europe’s Cibus Enterprise Fund (Cibus) has invested in the British polymer production company Aquapak Polymers Limited (Aquapak).   Aquapak has developed a novel biodegradable, non-toxic and water-soluble polymer called HydropolTM (“Hydropol”) which is three times stronger than alternatives and can be easily processed into films, laminates and injection moulds, giving it a wider range of applications.  The base plastic is currently used for dishwasher tablets, ingestible pill casings and soluble stitches. Hydropol’s resistance to low temperature solubility and high barrier to elements adds functionality, providing a wider range of uses.  It can be recycled, re-pulped, composted and is
Camilo Kejner and Hernando Fernandez, Angel Ventures
By Purva Aggarwal – US-based global investing firm Capria Ventures made its second investment in Latin America during the pandemic in January, with Mexican VC fund Angel Ventures. The Mexico City-based firm invests in entrepreneurs across Latin America, with a particular focus on Mexico, Chile, Colombia and Peru.  
George Ralph, RFA
By George Ralph (pictured), Managing Director, RFA – Technology has moved so quickly over recent years. Once new technology has been implemented there is no way back, but this is a positive thing as businesses, including private equity firms, have benefited hugely from the collaboration tools available today. Being able to communicate and share documents – which is the basic idea behind tools such as Teams and SharePoint – has really been a game changer for the private equity industry. Following this, firms using app based cloud technology and a full Software-as-a-Service operating model have been able to operate with complete
2020 saw unprecedented pandemic-induced turbulence on the political, social and economic arenas not seen for decades. While some of the major private equity groups on the global scene – the likes of KKR, Blackstone and Apollo – managed to draw on dry powder, scoop up distressed assets in the wake of the turmoil, and launch new credit funds amid the financial havoc, there are many firms who have struggled with keeping their portfolio companies afloat while coping with vast demands on management. We also witnessed debut managers experience increasing hurdles.
Pantheon has made for new partner promotions: Petra Bukovec (Investment, London), Jérôme Duthu-Bengtzon (Investment, London), Dinesh Ramasamy (Investment, San Francisco) and Kara Zanger (Legal & Compliance, New York). Bukovec is a member of Pantheon’s Secondaries team, while Duthu-Bengtzon and Ramasamy are members of Pantheon’s Infrastructure & Real Assets team. Zanger is Global Head of Legal. Three professionals are promoted to Principal: Andrew Bush, Relationship Manager (London) within our Investor Relations team, and Andrea Carnelli, Head of Research (London) and Tessa Nelson, Head of Portfolio Construction (London), both members of the Investment team. Among a total of 68 global promotions, 29

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