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Eurazeo Growth announces a EUR55 million investment in PPRO, an infrastructure provider in the cross-border alternative payments space.  Eurazeo Growth is co-leading this round of EUR153 million, alongside Sprints Capital and Wellington Management among other investors.    After Younited Credit, Wefox, Thought Machine and Tink, PPRO is Eurazeo Growth’s fifth investment in the Fintech sector and a testament to Europe’s innovation engine for financial services.    Headquartered in London, PPRO employs over 300 employees spread across nine offices globally. The Company offers a payments infrastructure platform and value-added services that allow its customers and their underlying merchants to access over
Connection Capital, a specialist private client investment business, has completed another successful exit from a management buyout (MBO) investment, with the sale of Carter Accommodation Group Ltd, a leading UK portable accommodation hire company, to trade buyer Modulaire Group. Private investor clients of Connection Capital invested GBP5.3 million in the company’s GBP12 million MBO in 2015. In addition to a change of ownership into management’s hands, the investment provided significant growth capital to fund the expansion of its hire fleet.  The pace of Carter Accommodation’s growth was so rapid that the initial investment was supported by two further funding rounds
Robert Foster has joined Baird’s Global Investment Banking business as a Managing Director in its Global Consumer Team.   An established veteran with 25 years of industry experience, Foster will lead Baird’s European Consumer Banking coverage, working in close partnership with Boris Partin and other senior investment bankers to further expand Baird’s Global Consumer franchise across the region. He will be based out of Baird’s London office.   Foster joins Baird from Jefferies where he was European Head of Consumer & Retail Investment Banking and led dozens of successful transactions in ecommerce, health & wellness, pet care, home, foodservice, consumer
Christian Gabriel, Capdesk
According to newly released research by equity management platform Capdesk, 77 per cent of startup founders are saying that the Covid crisis has made them more likely to offer employee equity in their company. Capdesk is headquartered in London and works with European scale-ups including Secret Escapes, Curve, GoHenry, Privitar, Nutmeg and Gousto. The study found that among employees, founders and CEOs at private equity-backed UK startups and scale-ups, a majority of employees (80 per cent) and business owners (78 per cent) believe companies should be required by law to offer equity share schemes to their workforce. “After an extremely
SPINS, a wellness-focused data, analytics and technology provider in the US, has secured a significant investment from Warburg Pincus, General Atlantic and Georgian.  The investment will support future strategic initiatives, including sales and marketing expansion, retail partner value expansion, new product development, and new vertical expansion. Terms of the transaction were not disclosed. For two decades, SPINS has been a passionate advocate for the Natural and Specialty Products Industry. SPINS is committed to laying the foundation for the next generation of growth, providing dynamic data, actionable insights, unmatched product attributions, and digital activation solutions. SPINS established the common language across
Sixpoint Partners, a leading global investment bank serving the middle market, has held the closing of Sheridan Capital Partners Fund II, above its hard cap with USD306 million of total capital commitments. Sheridan Capital Partners (“Sheridan”) is focused on making investments in lower middle market companies in recession resistant, non-discretionary markets within the healthcare industry. The Fund will continue Sheridan’s strategy of making control investments in North American founder-owned businesses with USD3-15 million of EBITDA. Sheridan is led by Partners Jonathan Lewis and Sean Dempsey. “We are extremely pleased with the overwhelming support provided by our investor base, which encompasses
Sanne, a provider of alternative asset and corporate business services, has promoted Peter Nagle from Global Head of Client Growth to the role of Chief Commercial Officer. In his new role, Nagle will be responsible for client service delivery in all jurisdictions and the firm’s continued commercial development.   Nagle joined Sanne in 2018 to lead the Mauritius business where he demonstrated his leadership as a key member of the senior management team. Prior to joining Sanne, Nagle worked in a variety of organisations in the alternatives industry, within numerous jurisdictions and products, with an excellent track record for over
proSapient has closed a USD10m Series A investment round led by Smedvig Capital, with Guy Hands and existing investors 24 Haymarket also participating in the round. This brings the total raised by  proSapient to date to USD18 million.  The new funding will accelerate proSapient’s international expansion as well as support the roll  out of their workflow SaaS platform which helps solve a major pain point for users of expert  networks, using multiple networks simultaneously.   Founded in 2017, proSapient is a primary research platform helping investors and consultants  gather the data they need to make those big decisions. Through the
Private market portfolio solutions provider Pathway has promoted Simon Lau to Managing Director. 
Private equity firm OpenGate Capital is to sell Bois & Matériaux (B&M), a French building products distributor, to Chausson Matériaux, a major building materials distribution company.  Terms of the agreement have not been disclosed, and the final sale is subject to closing conditions and works council consultation. OpenGate Capital acquired B&M in March of 2016 from Wolseley Plc, representing the firm’s second investment within Fund I.   Bois & Matériaux, with headquarters in Pacé, France, is one of the leading building materials distributors in France. The business has more than 2,100 employees and operations across the northern region of France

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