PE Tech Report

Latest News

Gulf Capital has acquired a significant majority stake in the CWB Group (CWB), an intellectual property services provider across the Middle East and North Africa (MENA). Founded in 2006, CWB provides Patent and Trademark services including counselling, clearing, filing, prosecution, maintenance and enforcement services to Fortune 500 companies across the MENA region. CWB’s service offering also extends to anti-counterfeiting and commercialisation of IP. CWB works with its clients to conceive and execute strategic solutions to manage, protect and enforce their Intellectual Property (IP) through its seven offices and member firms in the Middle East and North Africa region. Some of the
Pimloc, a visual privacy and security company, has closed GBP1.4 million in new financing in a seed funding round led by Amadeus Capital Partners with participation from Speedinvest and existing shareholders.Founded in 2016, Pimloc specialises in deep learning systems for security video and diverse image collections. Pimloc’s technology powers products that enable private businesses and public organisations to protect sensitive or personal visual data, to maintain safe online environments and to manage video security footage. Pimloc’s deep learning platform powers two products: Pholio, a specialist search and discovery platform for large image and video collections and live streams, and Secure
SDCL Energy Efficiency Income Trust (SEEIT), the first UK-listed investment company of its kind to invest exclusively in the energy efficiency sector, has agreed to acquire a 100 per cent interest in Värtan Gas Stockholm AB (VGSAB), the ultimate owner of the established, operational and regulated gas distribution network for Stockholm, Sweden, involving an equity investment of approximately GBP100 million.VGSAB is an essential infrastructure service that helps to reduce pollution and greenhouse gas emissions by reducing and reusing waste gases both at the point of production, for example at municipal waste water treatment plants and, at the point of use,
Tech-focused private equity firm Thoma Bravo is to acquire a controlling interest in AxiomSL, a provider of cloud-enabled risk management and regulatory solutions for banking, investment management, broker dealers and commodity trading institutions. The transaction is expected to close by the end of the year, subject to customary closing conditions. Financial terms have not been disclosed. Founded by CEO Alexander Tsigutkin and CTO Vladimir Etkin, AxiomSL serves the world’s premier financial institutions through ControllerView, its intelligent data management and analytics platform. AxiomSL’s platform provides cloud-based, risk management and regulatory solutions, which include over 5,000 risk and regulatory reports across 55 jurisdictions
Mid Europa Partners, a private equity investor focused on Central and Eastern Europe, is to sell 24 per cent of the issued share capital in Waberer’s International Nyrt (Waberer’s) to Trevelin Holding Zrt (Indotek).It also granted a call option to Indotek over Mid Europa’s remaining 47.99 per cent of the issued share capital. The transaction is subject to customary anti-trust clearance and is expected to close by the end of the first quarter 2021. Waberer’s is a leading European provider of international full truckload (FTL) transportation, market leader in domestic freight and complex logistics services in Hungary and it has
LLR Partners, a lower middle market private equity firm, has held the final closing of LLR Equity Partners VI (LLR 6) at USD1.8 billion, inclusive of the General Partner’s commitment.“LLR appreciates the support from our legacy investors and the opportunity to build long-lasting relationships with several new domestic and international investors,” says partner Mitchell Hollin.   LLR 6 continues the firm’s 21-year history of investing in and partnering with lower middle market growth companies. Similar to its predecessor, LLR 6 will focus on the technology and healthcare sectors, typically investing between USD25 million and USD100 million in companies. With more
Tikehau Capital, an alternative asset management and investment group, has appointed Carmen Alonso as Head of the United Kingdom and Peter Cirenza is promoted to Chairman of the United Kingdom as well as Chairman of Tactical Strategies.In addition to her responsibilities in the Iberian market, Carmen Alonso will now oversee all investment strategies and capital raising for Tikehau Capital in the UK, which includes private credit, real assets and private equity. She will be running the UK office alongside Peter Cirenza who has been promoted to UK Chairman and Chairman of Tactical Strategies, in addition to his current position of
Topas Therapeutics (Topas), a Hamburg, Germany-based private platform company leveraging the natural immune tolerance induction capabilities of the liver, has closed a EUR22 million (~USD26 million) Series B financing round. New investors Vesalius BioCapital III and BioMedPartners co-led this transaction, which included participation from all of Topas’ existing investors. The funding will be used to advance the Company’s proprietary pipeline based on the Topas Particle Conjugates technology platform. This includes progressing lead program TPM203, currently in clinical development for the treatment of pemphigus vulgaris, and bringing TPM501, Topas’ candidate for the treatment of celiac disease, into the clinic. Klaus Martin, PhD,
A surge in deal activity over the next few months is being predicted by private equity house WestBridge, as business owners seek to realise and de-risk their assets ahead of widely anticipated changes to the Capital Gains Tax (CGT) regime in the next budget.There is speculation that Chancellor Rishi Sunak will hike CGT. This, combined with the April 2020 changes to Entrepreneur’s Relief (now Business Asset Disposal Relief), will have a significant impact on business owners looking to sell. James MacLeay, investment manager at WestBridge, says: “History has shown that impending changes in tax legislation can create surges in deal
EQT has appointed Marc Brown, former Microsoft Corporate Vice President of Corporate Development, as Partner and Head of its new EQT Growth strategy.Having overseen Microsoft’s M&A and strategic investment activities, Brown has led more than 185 acquisitions (including LinkedIn, GitHub and Minecraft) and 80 strategic equity investments (including Flipkart, Databricks and Graphcore). Earlier this year, Carolina Brochado joined EQT as Partner in London and will join the Growth team. Formerly a partner at both Softbank and Atomico, Carolina has experience across several investment disciplines, including private equity, venture capital and growth. In addition to Carolina Brochado and Marc Brown, the

Special Reports

Featured

Events

05 June, 2024 – 8:30 am

Directory Listings