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An affiliate of HIG Capital (HIG), a global private equity investment firm with USD37 billion of equity capital under management, has invested, through convertible debt, into Modern Logistics, a Brazilian one-stop-shop full service logistics firm. Terms were not disclosed.Modern Logistics, the only firm of its kind in Brazil to have its own fully integrated air cargo operation dedicated to long distance, time-sensitive, and warehousing capabilities, was founded by former JetBlue VP and Co-founder of Azul airlines, Gerald Lee. The company is backed by DXA Investments, a private equity and venture capital investment firm.
Fernando Marques Oliveira, Managing Director and Head
- 07/04/2020
Fast-growth web hosting business, Miss Group, has acquired Euronic OY, which is headquartered in Finland. Founded in 2000, Euronic is an established Finnish web hosting business with around 12,500 customers. Alongside its core shared web hosting offering, Euronic provides services, such as website builds, domain names, and security certificates. Euronic has reported strong growth in recent years, hitting revenues of EUR2.4 million and EBITDA of EUR1.5 million in FY2019.
In February 2020, Perwyn acquired a majority position in Miss Group to support the growth ambitions of the business through international expansion and ongoing M&A. This deal is the first acquisition
- 07/04/2020
Saltgate has made two additional appointments to its Associate Director Group, as part a recent promotion review effective April. Saltgate says: “The promotion of Youssef Lqoule and Jamie Hawksworth strengthens our Associate Director group across our three jurisdictions and reflects the commitment of Saltgate to developing its leaders of the future.
“As we adjust to the changing world around us we are continuing to deliver business as usual at Saltgate, including rewarding outstanding performance. We are therefore delighted to share the well-deserved promotion of two of our managers to Assistant Director level, these appointments are two from a group of 24
- 07/04/2020
- 07/04/2020
Palatine Private Equity has backed Acora, a managed IT services provider, as it looks to expand its service capabilities through a buy-and-build strategy.Acora has traded for more than 25 years, providing a range of IT support and cloud solutions to help mid-market organisations modernise infrastructure and operate in the digital economy. It offers a full service suite, from service desk through to cloud transformation and ongoing managed service of cloud applications and infrastructure.
David Rabson, CEO of Acora, acquired the business through a management buyout in 2008. Since then, the business has developed from a traditional service desk provider
- 07/04/2020
Cache Ventures has partnered with 360 Family Office to launch a private equity fund, kicking things off with its first acquisition, LeadOwl.Since 2013, Cache has been entirely self-funded. Founders Sean Heilweil and Jarrett Lusso began by building and launching Exit Monitor, which was acquired in August 2016 by Kaleidoscope Global. Their experience building, growing, and exiting the company inspired them to embark on a non-traditional route. As a venture studio, Cache set its sights on building an organisation that aimed to repeatedly build new ideas. Thanks to existing infrastructure and resources, Cache Ventures has been able to increase its chances of
- 07/04/2020
Catapult Ventures has announced the appointment of Vijay Curthan as Investment Director in its GM & Cheshire Life Sciences Fund. Curthan joins Catapult with a background in healthcare private equity, investment banking and pharma industry corporate strategy.
Speaking on the new appointment, Catapult CEO Nick Wright, says: “I am delighted to welcome Vijay to Catapult as an Investment Director in our GM & Cheshire Life Sciences Fund. He has excellent experience working across healthcare investing and investment banking and since returning the UK, we were also impressed with his interactions with smaller companies. Vijay will be working on new deals
- 07/04/2020
Privitar, a data privacy platform provider, has completed an USD80 million Series C funding round led by Warburg Pincus, with participation from Accel, Partech, IQ Capital, Salesforce Ventures and ABN AMRO Ventures.The investment comes less than a year after a USD40 million Series B funding round led by Accel in June 2019. This raise enables Privitar to further accelerate the development of its data privacy platform, fuel continued innovation, and support key growth initiatives, with a focus on international expansion and increased hiring across sales, services, product development, and other areas of the business.
“The Privitar platform enables our customers
- 06/04/2020
MMC Ventures and Forward Partners have co-invested USD7 million in a Series A round for London-based data streaming startup Ably.
MMC Ventures invested from its GBP52 million MMC Greater London Fund, launched in May 2019, which forms part of the Mayor of London’s initiative – the Greater London Investment Fund.
The capital injection will be used to scale, as demand for real-time around the world escalates.
Ably provides cloud infrastructure and APIs that enable developers to deliver live experiences to their users. Large enterprises and high-growth tech companies choose Ably to offload the technical and operational burden required to deliver
- 06/04/2020
Global software investor Insight Partners has held a final close of its growth equity fund Insight Partners XI at USD9.5 billion, with support from Insight’s existing, as well as new, investors.
Fund XI is one of the largest global funds focused on investing in scaleup software companies, businesses that have advanced from the startup phase and are positioned for rapid growth that includes major milestones like global expansion, M&A, and IPO, according to Insight Partners.
The fund is expected to invest between USD10 million and USD350 million of equity in a company, although larger transactions are also possible.
“First and
- 06/04/2020
“The greater the obstacle, the more glory in overcoming it.” – Molière
These are extraordinary times; a defining moment in our collective history. Covid-19 has forced over one billion of the world’s population into lockdown, and while many businesses are adjusting to remote working, the repercussions for non-human contact in a people-centric industry like private equity are significant.
- 06/04/2020
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