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The UK Infrastructure Bank has made its first private sector transaction, which will help catalyse a new GBP500 million fund with NextEnergy Capital that could double the amount of subsidy-free solar power in the UK.
The fund, NextPower UK ESG (NPUK ESG), is a private 10-year solar infrastructure fund which aims to raise GBP500 million to invest in subsidy-free solar power plants in the UK. It will be the largest subsidy-free solar investment fund in the UK, managed by NextEnergy Capital (NEC) a global leader in the solar infrastructure sector. Once the fund is fully operational it will have an
True Wind Capital (True Wind), a San Francisco-based private equity firm focused on investing in leading technology companies, today announced that it has strengthened its team with the addition of the following seasoned professionals.
Nima Kelly has joined the firm as Chief Operating Officer and Chief Compliance Officer. Kelly most recently served as Chief Legal Officer at GoDaddy, where she worked for 19 years and held a variety of legal and operational roles. Her notable highlights include shepherding GoDaddy’s evolution from an entrepreneur–led start–up to a private equity-controlled business to a publicly traded enterprise.
Michael Crest has joined the
Ferreira de Sá, a company backed by Sherpa Capital, has acquired Desistart, a Portuguese manufacturer and marketer of carpets for the luxury market, from its founders.
Founded by Henrique Ferreira and Rosa de Lurdes de Sousa Marques, Desistart has experienced fast growth in recent years thanks to the quality of its products and the entry into new markets, which has led it to double its sales since 2017, up to three million euros per year.
With approximately 45 employees, Desistart currently generates more than 80 per cent of its sales abroad in countries such as France, Germany, Italy, Holland
Data driven, delivery-only virtual food brands increasing revenue for local restaurants.
Pembroke VCT, the venture capital trust focused on backing early-stage businesses with exceptional founders and management teams, has invested GBP1 million into Peckwater Brands, the creator of data-driven virtual food brands, which develops delivery-only, fully-serviced food concepts to increase revenue for existing restaurants, its franchisees.
Launched by co-founders Leo Bradshaw and Sam Martin in June 2020, Peckwater’s solution allows independent restaurants to optimise their existing kitchen infrastructure, cooking orders for Peckwater Brands alongside their day-to-day operations. Peckwater benefits all parties; it enables restaurants to increase revenue and earnings,
Ironwood Capital has made subordinated debt and equity investments in Tracked Lifts, the exclusive continental US distributor and supplier of Platform Basket and Ommelift (Omme) tracked multi-terrain man lifts (aka spider lifts) and trailer mounted aerial lifts used primarily in the tree care industry.
Alex Levental, partner at Ironwood Capital, says: “Our market research shows that Tracked Lifts’ core spider lift product represents a compelling value proposition for customers, including higher efficiency, enabling companies to service more jobs with less headcount amongst an ever-tightening labor market, as well as enhanced safety. The company already has a significant installed base of
Industrial Opportunity Partners (IOP), an operations-focused private equity firm, has completed the sale of portfolio company Aarrowcast to Charter Manufacturing Company (Charter), a family-owned steel and iron manufacturing company.
The divestiture represents IOP’s seventh investment realisation from its USD275 million second fund, Industrial Opportunity Partners II, LP. Terms of the transaction have not been disclosed. IOP acquired Aarrowcast in August 2012.
Aarrowcast is a provider of ductile, gray and austempered ductile iron castings and specialises in large, complex castings utilising sophisticated metallurgy. Aarrowcast features three separate moulding lines, including the largest automated green sand line in North America –
FSN Capital has appointed Robin Muerer and Ulrik Smith as Co-Managing Partners, effective 1 January 2022. Rounding out the new leadership team, Morten Welo continues in his role as Chief Operating Officer.
This is the first leadership transition since FSN Capital was founded in 1999. Founder and current Managing Partner Frode Strand-Nielsen will step into a new role as Chairman of FSN Capital.
Strand-Nielsen says: “FSN Capital has now developed into a solid platform with market-leading returns and a strong team across Northern Europe. We have exciting plans for the future, and I look forward to working with Ulrik and
CenterSquare Investment Management (CenterSquare), a global real assets manager, has made a USD35 million equity investment in Flagship Healthcare Trust (Flagship), a Southeastern and Mid-Atlantic focused medical office private REIT with over two million square feet of office space and 75 properties.
CenterSquare made the investment as part of its Strategic Capital platform on behalf of a Fortune 100 institutional client pension plan. The equity investment will support the robust acquisition and development pipeline of the company’s growing portfolio.
“The medical office real estate sector is enjoying both favourable secular and cyclical tailwinds as an aging population is increasingly seeking
Development Partners International (DPI) portfolio company Dolidol has acquired African bedding and mattress supplier Mouka.
Lessen, a marketplace platform for the delivery of property services, has closed a USD170 million Series B funding round led by Fifth Wall with additional funding coming from Khosla Ventures, General Catalyst and Navitas Capital. The funding round sees the company valued at over USD1 billion.
The Series B funding announcement comes just five months after Lessen closed its Series A round, led by the same group of investors, bringing total capital invested to USD214 million. Proceeds from the current investment will be used to fund new technology products, support new field operations teams and facilitate market expansion.
Lessen modernises
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