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Axcel Management (Axcel), an investor in the Nordic market, has closed Axcel VI at its hard cap of EUR800 million, an increase of more than 30 per cent compared to its predecessor fund.
Axcel is equally pleased with the continued strong support it received from existing investors representing approximately 65 per cent of the total commitments, as it is to welcome the many new investors.
As a result of its solid investment pipeline, Axcel VI has already completed six investments, which have seen strong, early momentum and a significant value increase.
Christian Schmidt-Jacobsen, Managing Partner at Axcel, says: “We are
Private investment firm Auxo Investment Partners has acquired Altus Industries Inc, a Grand Rapids, MI-based designer, manufacturer, assembler and marketer of medical, point-of-care workstations used across the healthcare industry.
As part of the deal, Spectrum Health Ventures, one of Altus’s larger customers, will join as a strategic partner in the transaction.
Serving the healthcare sector, Altus’s product portfolio includes powered and non-powered mobile technology workstations (also known as workstations on wheels, medical mobile carts or mobility workstations) and wall-mounted workstations, along with related accessories. The transaction is part of co-founders’ Craig VanderHeide’s and Eric Kahkonen’s succession plan for Altus,
eIVF, an innovator in fertility specific-software and a leading fertility EMR, has appointed Nimesh Shah as Chief Executive Officer and Tim Beaulieu as Chief Product Commercialisation Officer.
eIVF is the leading fertility-specific EMR managing every aspect of a fertility practice including billing, scheduling, patient communications, clinic/laboratory operations, cryo-storage, biometrics, patient, donor, pharmacy and research portals, calculation of cycle costs, and transaction amongst the practices and constituents. Its secure patient portal provides 24-hour access to health information, streamlined communication to a patient’s provider, appointment information, and electronic document signing.
Andy Wilkins, Co-Chief Executive Officer of Atlantic Street Capital, which acquired
Accelex, a data acquisition, analytics, and reporting solution for private markets investors and asset servicers, has launched capital account statement, capital call and distribution notice processing.
Firms will now be able to streamline the data extraction from these critical investment documents leveraging the same cutting-edge technology used by clients worldwide to process thousands of private markets fund performance reports each quarter.
Accelex provides an integrated environment to manage, extract and audit data from an endless range of general partner reporting formats. The AI-powered capabilities are applied to a comprehensive suite of metrics across capital accounts, fund commitments, payment instructions and
Vistra, a provider of advisory and administrative support to Private Equity and Venture Capital Fund, Corporate, Capital Market and Private Wealth clients, has formed a strategic partnership with the AMR Action Fund, a public-private partnership supporting the development of new antibiotics.
Vistra was chosen by the AMR Action Fund to provide fund administration and a multi-country, multi-service solution to enable them in their goal to bring two to four new antibiotics to market by the end of the decade.
The AMR Action Fund, a global venture capital fund, is an initiative of the international body representing the R&D pharmaceutical
Strong demand for full fibre broadband and high levels of customer satisfaction have seen rapidly-growing independent Internet Service Provider (ISP) Trooli secure a GBP67.5 million senior debt facility with the support of the Connecting Europe Broadband Fund (CEBF) team – with attractive terms from a consortium of commercial lenders, with potential for a further increase depending on business needs.
The funds will be used to expand the reach of Trooli’s Gigabit-capable network as it increases from more than 100,000 premises today to 170,000 by the end of 2021, 400,000 during 2022, and rising to one million in 2024.
The
Souter Investments, a private equity-focussed family investment office, has continued its deal making during 2021 with the announcement of the sale of Pet Network International plus the completion of three new investments.
The new investments span a variety of sectors and geographies ranging from sustainably sourced fashion to climate finance and carbon neutral solutions for the voluntary carbon market, and from global fuel and oil testing to UK domestic landline, broadband, TV, and mobile services.
The exit of Souter’s investment in Pet Network International follows the successful sale of the business by The Rohatyn Group (“TRG”) to A&M Capital Europe.
PDQ.com (PDQ), a provider of IT asset management software for small and medium-sized businesses, has secured a growth investment from private equity firm TA Associates (TA).
TA, together with PDQ’s founders and executive management team, plan to accelerate PDQ’s growth as the company aims to expand its portfolio of easy-to-use IT asset management and scanning software solutions.
PDQ provides software for system administrators and IT professionals. The company’s primary products are PDQ Deploy, an automated patch management, software update and endpoint communications application; and PDQ Inventory, an endpoint information collection and reporting application for software, hardware and Windows configuration
Azurity Pharmaceuticals (Azurity) is to acquire Arbor Pharmaceuticals (Arbor) from the company’s existing investors including JW Asset Management and KKR.
Following the completion of the transaction, which is subject to regulatory approvals, Azurity and Arbor will merge, creating a leading company offering innovative, high-value products to meet the unique needs of patients with underserved conditions. Financial details of the transaction have not been disclosed.
“On behalf of the Azurity and Arbor teams, I am delighted to announce this agreement and the potential it brings to our combined company,” says Amit Patel, Chairman and CEO of Azurity. “The combination of
Lakemore Partner, a credit investment firm primarily investing in control CLO equity, has successfully closed Aquatine IV at USD400 million as a result of strong investor demand.
Aquatine IV is Lakemore’s fourth CLO fund within the Aquatine platform, which invests in control equity positions in US CLOs, and is currently one of the market’s largest dedicated CLO control equity funds. The Fund’s investors are a diverse group of institutional investors representing private banks, fund of funds, insurance companies, family offices and high net worth individuals, many of whom have invested in previous Lakemore Aquatine Funds.
“The successful close of
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