PE Tech Report

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Neuberger Berman’s NB Strategic Co-Investment Partners IV (Fund IV) has closed above its target with over USD2.1 billion of commitments.Fund IV will seek to build a diversified portfolio of direct co-investments in buyout and growth equity transactions alongside high quality private equity sponsors. The successful fundraise demonstrates the continued growth of Neuberger Berman’s co-investment strategy, which has deployed over USD11.5 billion into direct co-investment transactions since its inception in 2005. Neuberger Berman’s private equity platform and well-established relationships with best-in-class private equity managers provide access to attractive investment opportunities. Neuberger Berman manages over USD90 billion of committed capital to private
Mid-market private equity firm NorthEdge has invested in Helios Medical Communications (Helios), a full-service, independent, global healthcare communications and strategic consultancy, to support its UK and international expansion plans.The Cheshire-headquartered agency works with global pharmaceutical clients to deliver high-quality, high-impact bespoke solutions across a range of services including medical writing, advisory boards, training and symposia.   Helios, which ranked 17th on the 2020 Sunday Times FastTrack 100, has achieved growth through a commitment to excellence in delivery, facilitated by investment in people and a focus on team culture.   NorthEdge’s investment will support Helios’ future growth plans. In addition to
Astorg has signed a definitive agreement with the founders and IK Investment Partners (IK) to invest in Third Bridge (Third Bridge). The founders will remain majority owners with Astorg taking a minority position.
Carne Group, a digitally driven platform for the asset management industry, has secured a EUR100 million investment from Vitruvian Partners. The investment will be used to expand Carne’s client led technology solutions and will see Vitruvian Partners take a minority stake in the business. The investment is subject to regulatory approval. Founded in 2004, Carne has grown to be the global leader of fund management solutions, including being the largest third-party fund management company in the world. Carne’s 350 employees in eight locations across the world manage the governance, compliance, regulatory and substance requirements for more than 550 of the world’s
Inverness Graham Investments, a private investment firm that acquires innovative tech-enabled manufacturing, service and software companies, has acquired Electron Microscopy Sciences (EMS). EMS manufactures and distributes lab consumables and equipment for the microscopy, general research, and other ancillary lab research markets. Inverness Graham’s investment in EMS is the result of a proactive, targeted search in the life sciences manufacturing & distribution market. “We’re excited to be partnering with Stacie and the team at EMS to continue to solidify their position as a thought leader and go-to provider of microscopy, histology and sample prep reagents and consumables used in research lab settings,”
Investcorp portfolio company, Calligo Holdings (Calligo), an end-to-end managed data services provider, has acquired Network Integrity Services (NIS), a UK-based IT managed services and technology-led solutions provider with locations in Manchester, Birmingham, Leicester and Hemel Hempstead.Jersey-headquartered, Calligo was established in 2012 and puts data and its privacy at the heart of a collection of managed data services for companies that optimise and protect data at every point of its journey through the organisation. These include privacy- and security-centric IT managed services; the world’s first public cloud platform to have been designed with privacy at its heart; sophisticated data privacy adherence
An overwhelming majority (90 per cent) of private equity managers believe the UN Sustainable Development Goals (SDGs) will help the financial industry address pressing environmental and social challenges, according to a new study by LGT Capital Partners.The LGT Capital Partners’ study – ESG and the SDGs: Insights from private equity managers – assesses the views of 117 private equity managers across the globe, looking at the importance of ESG in their day-to-day decision-making, the reasons for integrating ESG into their activities, and what they plan to focus on in the future. The research found that three-quarters of private equity managers
Meal Ticket and Trackmax have announced a strategic merger to combine their complementary solutions and expand their ROI-driven offerings. The merger, which is intended to accelerate growth and position the combined business as a leader in software and data analytics for the food service industry, is supported by a majority investment from funds advised by PSG, a growth equity firm partnering with middle-market software and technology-enabled service companies. Financial terms were not disclosed.   Meal Ticket was founded in 2011 and Trackmax in 1996, both with the intention of providing critical technology solutions for businesses across the food service supply chain.
Global mergers and acquisitions (M&A) deal value amounted to USD3.6 trillion in 2020, a three-year low, just slightly higher than the previous low of USD3.2 trillion set in 2017.According to the research data analysed and published by Sijoiturahastot, global M&A deal value in the first six months of the year totalled USD1.2 trillion. Compared to 2019, that was a 41 per cent decline. It was also the lowest H1 figure since H1 2013. A strong second half nearly erased the disaster that was H1 2020. For two consecutive quarters in H2 2020, the M&A deal value surpassed USD1 trillion. Deal
The Riverside Company, a global private equity firm focused on the smaller end of the middle market, has invested in Incident Response Technologies, Inc (IRT), makers of the Rhodium Incident Management Suite, a provider of incident management solutions in North America. 

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