PE Tech Report

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Quantile Technologies (Quantile), a provider of portfolio optimisation services for the global financial services market, has secured a USD51 million (GBP38 million) minority investment from Spectrum Equity, a growth equity firm focused on internet-enabled software and information services companies. The investment will accelerate the next phase of Quantile’s growth as it develops new services and expands into new markets to better serve its clients. Spectrum is the first institutional investor to back Quantile’s experienced founding team. At the core of Quantile’s platform is a powerful optimisation engine providing advanced compression and risk rebalancing services to banks, hedge funds and other financial
Grocery delivery
Weezy, a UK-based on-demand supermarket that delivers groceries in 15 minutes on average, has raised USD20 million in Series A funding to expand its grocery delivery service across London and the UK. The investment round was led by New York-based VC Left Lane Capital, with participation from UK-based DN Capital, as well as existing investors Heartcore Capital and angel investors including Chris Muhr, founder of Groupon.  Left Lane Capital managing partner Harley Miller will join Weezy’s board following the deal. The capital will be used to expand the company’s London-based team by 50 employees over the next four months. “This
Data screen
Sandberg Capital has closed its second private equity fund – Sandberg Investment Fund II – at EUR109 million. For the first time Sandberg welcomes the European Investment Fund and Tatra banka among its investors.
Holland Mountain has appointed Kyri Yiannakis as Head of Client Development. In this role, Yiannakis will oversee all of Holland Mountain’s commercial activity, continuing to drive the exceptional service delivered to Holland Mountain’s Private Capital clients.  Leveraging 13 years of Private Capital technology experience, Yiannakis will also expand the reach of Holland Mountain’s Private Capital Data Platform, helping more firms to achieve one source of truth, to automate manual processes and to unlock the true value of their data.  Yiannakis brings significant growth experience with him, having been a founding member of iLEVEL after its spinout from Blackstone. He was
Gresham House, a specialist alternative asset manager, has appointed Peter Bolton as an Investment Director within its New Energy team. Bolton will be responsible for the development of the unsubsidised renewables strategy. Bolton has 12 years’ experience in energy investments and joins Gresham House from Foresight Group, where he worked for seven years and most recently held the position of Investment Director. In this role Bolton focussed on the European renewable energy sector, leading deals across the full project lifecycle (development capital, greenfield, brownfield and exit processes) and actively managing assets post-investment. Peter held particular specialisms in the solar and bioenergy
Albion Capital has completed the sale of its stake in full fibre broadband operator G.Network to the Universities Superannuation Scheme Limited (USS) and Cube Infrastructure Managers (Cube), generating a 3.8x return for its venture capital trust (VCT) investors.G.Network installs state-of-the-art full contiguous fibre broadband infrastructure in London. Albion invested in the company in May 2017 when it had installed fibre into three street units in the capital. With Albion’s funds G.Network expanded to install in more than a hundred streets; in 2018 the business raised further funds from European infrastructure investor Cube and has now grown to offer full fibre
Global law firm Goodwin has expanded its Private Investment Funds practice in the Frankfurt office with the addition of fund formation and regulatory partner Dr Joachim Kayser.“During a period of continued expansion in Frankfurt, we are thrilled to launch Goodwin’s German funds platform and amplify the firm’s dominance at the intersection of capital and innovation,” says Stephan Kock, chair of Goodwin’s Frankfurt office. “Joachim is a premier fund formation, structuring, and regulatory lawyer who will play a central role alongside colleagues in the United Kingdom, the United States, France, Luxembourg, and Hong Kong in providing solutions for clients raising and
Souther Coach, a portfolio company of operations-focused private equity firm Industrial Opportunity Partners (IOP), has acquired Southern Coach. Terms of the transaction have not been disclosed.
Exponent has appointed Jeroen Regeur as Head of Benelux, with a view to Exponent opening an office in Amsterdam.Regeur will be responsible for building out Exponent’s Benelux business while also generating and executing transactions in the UK, Ireland, the Nordics, and other European markets within Exponent’s key sectors of Business Services, Consumer, Financial Services, and Media. Regeur will split his time between Amsterdam and London.   Prior to joining Exponent, Regeur was a Managing Director at EQT Partners, where he helped establish the firm’s Benelux business. Prior to joining EQT Partners he worked at TPG Capital and Morgan Stanley in
Idinvest Partners has provided a flexible unitranche package to refinance existing indebtedness and support Kinetics Group in its ambitious development plans.Kinetics Group is a global service provider and manufacturer of integrated services and critical process equipment for high purity processes in advanced technology industries (www.kinetics.net)   Owned by Quadriga Capital Funds, the Group’s solutions portfolio ranges from engineering and installation (plan, design, build), to critical process equipment and technical facility management services (operating and maintenance), serving over 300 customers predominantly in the semiconductor and biopharma sectors and employing approximately 1700 people in 22 offices in North America, Europe, the Middle

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