Latest News
Finverity, a mid-market supply chain finance platform focused on emerging markets, has launched fund manager functionality, an industry first for the supply chain finance (SCF) sector.
This makes Finverity the first SCF platform to connect both institutional-level funders and fund/asset managers operating their allocations via segregated accounts, providing complete visibility and control over investments. The launch of this functionality addresses a key gap in the market and is expected to lead to an increase in investor flows and liquidity in supply chain finance.
Investor allocations to SCF are often routed through multiple fund managers or intermediaries. This has led to
Ostmodern’s Skylark has announced an expansion of its commercial team. Taylor Riese, formerly of Verizon Media Platform has been named the new Chief Revenue Officer and Lasharna Turner, formerly Adobe is the new Head of Marketing.
The news comes after Ostmodern recently secured GBP2 million in investment from Puma Private Equity. The investment in Skylark will contribute towards growth plans, including the development of the platform and the expansion of the commercial arm of the business. This will look like a larger global sales team and strategy. Skylark will be developing robust brand positioning and in depth marketing strategy to
Affiliates of Turnspire Capital Partners (Turnspire) are to acquire the assets of Spectra Premium Industries (Spectra).
Headquartered in Boucherville, Quebec, Spectra is a designer, manufacturer and distributor of thermal and fluid management metal-formed products for the automotive, heavy-duty truck and industrial markets. With over 700 employees, Spectra operates manufacturing facilities in Boucherville and Quebec City, as well as a network of distribution centers throughout the United States and Canada to serve its premier aftermarket and OEM customers.
The Company has filed sale motions to approve the sale to Turnspire pursuant to the Companies’ Creditors Arrangement Act (CCAA) Proceedings with
Polaris is to acquire a majority stake in G&O Maritime Group, a supplier to the global maritime industry manufacturing a range of niche products for leading shipping companies, shipyards and engine manufacturers, from Erhvervsinvest.
Erhvervsinvest acquired Gertsen & Olufsen in 2014 and established G&O Maritime Group as a maritime conglomerate through the acquisitions of Atlas Incinerators, Pres-Vac Engineering and Heco International. G&O Maritime Group currently employs around 150 people and is headquartered in Allerød with manufacturing in Denmark and China as well as licensed production in Korea. The group manufactures a range of niche products involved in critical functions or
Nordic Capital Advisors has expanded its Evolution investment advisory team with the appointment of Alfa Chan as a Partner.
Chan joins as Nordic Capital continues to put its proven model to work in the mid-market, investing in innovative growth companies in its focus sectors to accelerate sustainable growth and expansion. Nordic Capital successfully closed Nordic Capital Evolution at the hard-cap of EUR1.2 billion in June 2021, which has since made three investments.
Nordic Capital’s distinctive Evolution strategy addresses the most compelling segment in the Northern European mid-market. With a large and dedicated team operating within a well-constructed organisation and
Motive Partners (Motive), a specialist private equity firm focused on control-oriented growth equity and buyout investments in software and information services companies that serve the financial services industry (financial technology), has appointed Jeffery W Yabuki as Chairman and Founding Partner.
Yabuki joins Motive having been Chief Executive Officer of Fiserv, Inc (Fiserv), a global payments and financial services technology company, enabling banking, commerce and the movement of money among financial institutions, businesses and consumers, from December 2005 to July 2020, and also served as Chairman from July 2019 to December 2020. Jeff led the company through a strategic transformation including
Tech-24, backed by HCI Equity Partners, has acquired Yukon Refrigeration (Yukon.)
Tech-24 is a nation-wide provider of repair and maintenance services for food service and commercial HVAC equipment. Yukon is HCI’s fifth add-on acquisition in the highly fragmented foodservice repair market. Financial terms were not disclosed.
Headquartered in Mount Vernon, Illinois, Yukon is a provider of repair services, preventative maintenance and installation for foodservice and HVAC equipment to customers throughout Southern Illinois. Yukon represents an attractive addition to Tech-24’s existing footprint in Illinois and comes with a stable base of tenured technicians and established market share.
“Yukon has a terrific
Delta Financial Group (Delta), an equipment finance platform that provides capital for enterprise-level, business-critical equipment, has received a significant strategic growth investment from an affiliate of Peak Rock Capital (Peak Rock), a middle-market private investment firm.
The structured growth investment will empower Delta to execute an innovative, scalable, and institutional approach to the USD1.4 trillion equipment finance and leasing market. Delta, established by a team of industry professionals and military veterans, primarily focuses on enterprise scale “Fair Market Value” operating leases of mission-critical assets across a range of industries. The company’s core social impact objective is to engage and benefit
GI Partners, a private investment firm, has recapitalised Patriot Growth Insurance Services (Patriot), in partnership with the company’s founder and CEO, Matt Gardner.
Summit Partners, which invested in Patriot in 2019, and Patriot management will maintain significant minority ownership positions in the company.
Based in Fort Washington, PA, Patriot was founded in January 2019 by CEO Gardner, a 30-year veteran of the insurance distribution industry. The company has differentiated itself in a highly competitive marketplace through its strategy of partnering with high-growth, well-run agencies, and an unwavering commitment to enhancing collaboration across the Patriot network. Since the company’s founding
London-based Wiserfunding, a provider of credit risk assessment for SME lenders, has secured GBP3 million investment from BGF. This investment will support Wiserfunding in accelerating international expansion and strengthening its global position.
Wiserfunding currently serves more than 60 customers across three continents, a mix of bank and non-bank lenders, insurance firms, payment providers and asset managers. Combined, Wiserfunding’s clients have lent almost almost GBP3 billion to SMEs in the last year.
Wiserfunding is one of the UK’s few profitable fintechs. Dr Gabriele Sabato and Dr Edward Altman, creator of the famous Altman Z-score, founded the business in April 2016,
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