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Tech-focused investment bank ICON Corporate Finance has acted as the exclusive financial adviser to Cloud Direct, a UK-based Microsoft Azure Expert MSP, on its strategic investment from global IT company Crayon Group.
The deal was announced on the Oslo Stock Exchange.
Cloud Direct’s world-class Cloud Managed Services, combined with Crayon’s expertise in licensing and cost optimisation, will enhance the offering and capacity that both partners provide to their customers. The investment supports Cloud Direct’s ambitious growth and establishes a commercial partnership with Crayon. The partnership brings broader licensing services to Cloud Direct’s customers and takes its specialist Microsoft cloud
HarbourVest Partners, a global private markets asset manager, has held the final close of the HarbourVest Direct Lending Fund (HDL) at over USD892 million in limited partner commitments, including the General Partner commitment.
The Fund was oversubscribed and closed above the target size of USD600 million. This close follows the firm’s final close of Credit Opportunities Fund II, HarbourVest’s junior credit offering, earlier this year.
“We are pleased to mark the final close of our inaugural, dedicated direct lending fund, bringing our total capital under management for credit investments to over USD3.3 billion,” says John Toomey, Managing Director, HarbourVest Partners.
The UK is the key European market for venture capital (VC) investments, as the UK-based startups raised the highest VC funding amount during January-August 2021.
A total of 1,256 VC funding deals were announced in the UK during January-August 2021, while the disclosed funding value of these deals stood at USD19.6 billion, according to GlobalData, a leading data and analytics company.
Deal activity in 2021 so far has remained inconsistent in the UK. After three straight months of growth in VC deal value until July, August reversed the trend. August also marks the second consecutive month of decline in deal
Ara Partners (Ara), a private equity firm specialising in industrial decarbonisation investments, has closed Ara Fund II (Fund II) with approximately USD1.1 billion in capital commitments.
The Fund was significantly oversubscribed, exceeding its USD650 million initial target and increasing its hard cap. The Fund received commitments from a diverse set of returning and new institutional investors in North America, Europe and Asia, including public pensions, sovereign wealth funds, endowments and foundations.
Led by Managing Partners Troy Thacker and Charles Cherington, Fund II will continue Ara’s strategy of investing in the ongoing decarbonisation of the industrial economy, the greatest
PRODA, a specialist in rent roll data processing and analysis, has secure an investment from ING Ventures ahead of gearing up for a Series A raise in 2022.
The investment follows the successful signing of ING Bank as a customer earlier this year. Surplus Invest, an existing investor in PRODA, has also taken part in this round of funding. The total amount of shares issued in this round equalled cGBP3.4 million, consisting of new capital and converting existing loan notes.
This funding round will help build upon the ongoing rollout of PRODA’s product pipeline, including the sharing of data between
Marblegate Asset Management (Marblegate), an alternative investment firm that invests in credit opportunities and special situations, has partnered with Investcorp’s Strategic Capital Group (ISCG). Terms of the transaction have not been disclosed.
Welsh, Carson, Anderson & Stowe (WCAS), a private equity firm focused exclusively on the healthcare and technology industries, has acquired Argos Health, a provider of complex claims revenue cycle services to some of the country’s leading health systems.
Sherpa Capital, a private capital fund manager focused on investing in mid-sized Iberian companies with more than EUR500 million in assets under management, is to support BPXport, an operator of concession sports centres and sports services contracts with a national presence across Spain.
Sherpa Capital’s investment has enabled the incorporation of two sports and leisure centres to its platform: CDO Almendrera and CDO Covaresa. Based in Valladolid, CDO Covaresa is one of the largest sport facilities in Europe.
This transaction is part of Sherpa Capital’s strategy of investing in growth companies, focusing mainly on opportunities in sectorial consolidation processes
Raiven Capital, a global early-stage venture fund, today announced its investment in KnowWake, a marine navigation platform for recreational boaters.
Payaca, a fintech company behind a digital job management platform that helps service and trade-based businesses streamline operations, has secured GBP331k in investment from Blackfinch Ventures.
Targeted at small to medium sized businesses to increase their chances of winning work, Payaca’s mobile and web apps allow users to produce interactive quotes, provide built-in finance options, and to integrate seamlessly with accounting and payments services.
Founded in Bristol in 2020 by entrepreneur and CEO Matt Franklin the platform boasts a unique blend of sales CRM, job management, payments and analytics features.
It is designed and maintained in-house by
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