PE Tech Report

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HIG Capital (HIG) has appointed Ahmad Atwan as a Managing Director in its infrastructure team. Atwan will be responsible for all aspects of the investment process including origination, transaction structuring, financing and execution of post-closing strategies. Atwan has over 20 years of experience as a private equity investor, operating executive, and entrepreneur. Before joining HIG, he was a Managing Director at Morgan Stanley Infrastructure Partners, where he led a number of successful transactions and served as a Board Director of multiple portfolio companies. Prior to that, Ahmad was a Managing Director at BlackRock’s Global Private Equity Group, where he served as
MJ Hudson has advised Isomer Capital, a UK based venture capital firm, with the launch of its second Luxembourg based VC fund of funds: Isomer Capital II SCSp, as well as the formation of a new flexible single-LP fund. Isomer is seeking to raise EUR250 million for its latest flagship fund focusing on investments in early-stage high performing venture capital managers across the UK and Europe, co-investments and secondary purchases into early-stage tech companies. Investors in the fund include British Business Investments, which announced its anchor commitment of up to €75 million from its Managed Funds Programme as well as corporate,
Tully Rinckey has Malachy Kearney as a Partner and head of its Investment Funds department in the firm’s Dublin office.Read the full story at Institutional Asset Manager…
Duff & Phelps, a provider of governance, risk and transparency solutions, has launched a new Equity Match service, which matches the equity funding requirements of UK based SMEs with specialist equity investors from a select network.Equity Match provides SMEs with access to difficult-to-find equity investors who are willing to inject smaller sums not usually associated with the appetite of the mainstream private equity market. Paul Reeves, Managing Director, Restructuring Advisory, Duff & Phelps, says: “This new offering is about matching the requirements of an enterprise with potential investors who we feel most closely align in terms of cultural fit. We
Almost two thirds (63 per cent) of UK private equity firms now take into account Environmental, Social and Governance (ESG) principles in their investments but some firms risk falling behind as ESG rises up investors’ agendas, shows research by accountancy and business advisory firm, BDO LLP.BDO says the majority of private equity firms are now making solid progress in making their portfolio of investments more responsible from an ESG perspective with 57 per cent of PE firms clearly setting out the changes they have implemented to make their investments more ESG-focused, and 49 per cent having become signatories of the
Telestream, a portfolio company of Genstar Capital, has acquired EcoDigital (formerly known as Front Porch Digital). Telestream is a vertical market software business focused on the video space and is a global leader in media workflow orchestration, media streaming and delivery technologies. The deal to acquire EcoDigital has been completed.EcoDigital brings to market a Content Management Software (CMS) solution called Diva, which manages the archiving and retrieval of a customer’s assets. Diva automates the process and provides transcoding to and from the archive repository. The storage repository can be on-premise utilising almost any vendors physical storage (online, nearline or deep
AnaCap Financial Partners (AnaCap), a specialist mid-market private equity investor, has made its first investment in India, the acquisition of three K-12 school and student housing assets from the Jain Group of Institutions (JGI Group), an established and well-renowned operator of K-12 to Higher Education institutions, providing education to ~65,000 students. 

In doing so, AnaCap has formed a joint venture with Cerestra Advisors (Cerestra), a specialist investor in Indian education assets. The firms have been working together for more than 18 months with the aim to help support the growing education system in India through investment.  

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Ropes & Gray has advised Averna Capital, a mid-market European private equity firm, on its investment in ClimateCare, a profit with purpose environmental and social impact company headquartered in Oxford, UK. The terms of the transaction have not been disclosed.    ClimateCare is a leader in the global carbon markets and climate change sector. With offices in the UK and Kenya, it has an international customer base of clients and works with over 300 high quality projects in 56 countries covering 34 technologies. To date ClimateCare has reduced carbon emissions by 42.5 million tonnes of CO2 and improved the lives of
Mid-market private equity firm LDC has exited its investment in workforce management software specialist Mitrefinch to Advanced.The exit follows a four-year partnership that saw Mitrefinch invest heavily in technology as it transformed into a market leading software-as-a-service (SaaS) business, doubling revenues to £24million and increasing employee numbers by 64 per cent.   Established in 1979, Mitrefinch provides user-friendly, cutting edge products across integrated time and attendance, payroll, HR and access control with sophisticated analytic capability. The company supports 4,400 customers in over 80 countries to increase productivity, profitability and manage their workforce effectively. With businesses losing an estimated GBP80 billion
Innova Capital, a Central European private equity firm, has sold its entire stake in logistics operator PEKAES to sector player GEODIS of France. The transaction is subject to regulatory approvals.PEKAES recorded excellent value progression and impressive growth since Innova’s entry into the company in late 2015. Over that period the business saw EBITDA rise by over 100 per cent thanks to economies of scale and increasing efficiency. Key focus was placed on expansion of core groupage distribution (LTL), and on intermodal revenues, both of which doubled since Innova’s entry. Currently, PEKAES enjoys a strong market position with close to 5

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