PE Tech Report

Latest News

Maven Capital Partners (Maven) has added to its East & South East Midlands team with the appointment of experienced banker Richard Brighty.  Brighty joins as Investment Manager, based in Maven’s Nottingham office, he will be responsible for identifying and backing new local businesses via the MEIF Debt Funds. Brighty will also support existing portfolio companies across the East & South East Midlands with a particular focus in the Leicestershire area.     Brighty brings over 16 years’ financial services experience to the role having held senior positions at leading UK banks including HSBC, Yorkshire Bank and most recently Santander Corporate
Ironwood Capital portfolio company, Ironwave Technologies (Ironwave), has purchased a majority interest in Syntonics, a manufacturer and research and development company focused on advanced radio frequency (RF) systems and subsystems such as RF over fibre, Software Defined Radio, Tracking Tagging and Location (TLL) and Expendable Data Exfiltration (EDEX) technologies. 
Harness, a platform for software delivery, has raised USD115 million in financing, reaching a valuation of USD1.7 billion in just three years after launching from stealth.  Alkeon Capital led a USD85 million Series C round, along with new investors Battery Ventures, Citi Ventures, Norwest Venture Partners, Sorenson Capital, and Thomvest Ventures. The total funding includes a USD30 million Series B-1 funding round, led by existing investors Menlo Ventures, IVP, and Unusual Ventures. With a total of USD195 million in financing to date, Harness will use the funding to grow its world-class engineering team, support global expansion plans, and extend its
CareMetx, a technology-enabled hub services company improving patient access to specialty medications, General Atlantic, a global growth equity firm, and The Vistria Group, a Chicago-based private investment firm, have formed a strategic partnership.  With the transaction, General Atlantic will become the majority owner of CareMetx. The Vistria Group, existing majority shareholder in CareMetx since 2017, will maintain a significant position in the Company by reinvesting through Vistria Fund III, LP. Additionally, Marty Nesbitt, Co-CEO of The Vistria Group, will serve as the Chairman of the Company.   Co-founded in 2011 by Bob Dresing and Mark Hansan, hub services pioneers, CareMetx
CAPZA, an independent management company and leading player in private investment in European SMEs, has appointed Stefano Zavattaro as head of its Italian branch.  Zavattaro, Partner and Country Manager, will be responsible for CAPZA’s investments in Italian SMEs and will support the transalpine development projects of CAPZA’s French, Spanish and German portfolio companies. Zavattaro has held various positions throughout his career. After graduating in Economics from Rome’s Sapienza University and specializing in Finance at the London Business School in London, he worked as a manager for the multinational General Electric where he participated in numerous M&A and private equity transactions
Trinity Consultants (Trinity), a portfolio company of Levine Leichtman Capital Partners (LLCP), has acquired SESPE Consulting (SESPE), a California-based provider of environmental compliance and permitting services including air quality, stormwater and water quality, and land use planning, to clients across a diverse set of industries. Trinity is a provider of regulatory-driven environmental, health & safety and engineering consulting services. Trinity specialises in highly technical, compliance-driven services with a core presence in air quality and an expanding presence in adjacencies such as commissioning, qualification and validation, process safety management, toxicology, acoustics and water quality. Trinity operates from over 70 offices worldwide,
Morgan Stanley alums Justin Bernier and Patrick Kennedy have launched All Source Investment Management, a partnership aimed at providing the growing accredited investor market with access to alternative investment opportunities including hedge fund and private equity investments.Read the full story at Wealth Adviser…
American Pacific Group (APG), a San Francisco-based private equity firm, together with Joe Falsetti of Dana Holdings, has formed Yukon Wellness Holdings (Yukon Wellness), a company that will serve as a platform to acquire and grow consumer wellness brands. Simultaneously, Yukon Wellness acquired Eu Natural, a fast-growing provider of vitamin and mineral nutritional supplement products.    Yukon Wellness is at the intersection of several key trends in the industry, including increased consumer focus on wellness & self-directed care, shift in channel share from traditional retail to ecommerce channels, and the emergence of at-scale ecommerce sellers in search of growth support. Yukon
Car Wash Owners Network (CWON), a portfolio company of Baltimore-based Access Holdings, has closed its investment in Okie Express Auto Wash, a car wash operator in the Oklahoma City market. Financial terms were have been disclosed.Founded in 2008, Okie owns and operates 11 premier express car wash locations known across Oklahoma City. Okie washes more than one million cars annually and supports multiple local charities.   CWON is partnering with Okie CEO Mike North and COO Steve Holcomb to support the company’s next stage of accelerated growth.   Kevin McAllister, Managing Partner and Founder of Access Holdings, says: “We are
STAR Capital Partnership (STAR), has acquired Rail Operations (UK) Limited (ROUK), a provider of rolling stock movement and storage services to the UK rail industry through its subsidiaries Rail Operations Group Limited (ROG) and Rail Operations (Rolling Stock Management) Limited (Traxion). In addition, ROUK has established a new subsidiary, Orion, to provide high speed logistics and express freight services, focused on accelerating modal shift from air/road to rail by offering a fast, cost effective and environmentally-friendly solution. STAR will acquire a majority stake in the Group, alongside existing management. Neil Bennett, a highly-experienced rail industry professional, will be appointed Executive Chairman

Special Reports

Featured

Events

16 May, 2024 – 8:30 am

Directory Listings