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Bolton-headquartered on-vehicle hydraulic systems developer Edbro has secured a new GBP10 million working capital facility from Shawbrook Bank with the support of specialist business advisory firm FRP.
Shawbrook Bank, which was introduced to Edbro by the Manchester debt advisory team at FRP, has provided a multi-million-pound asset-based lending facility, which will provide fresh capital to help to unlock some of the global development opportunities available to Edbro over the next few years. Shawbrook put forward a competitive funding proposal which ensures that, alongside support from Enact, the company has sufficient liquidity to meet those opportunities over the term of the
Travel tech start up Bookaway has closed USD46 million of investor funding from Aleph, Corner Ventures, Entrée Capital, to launch the Bookaway Group, uniting ground and sea transportation companies around the world.
Global investment firm Carlyle and sovereign investor Mubadala Investment Company (Mubadala) have taken minority stakes in Apex Group (Apex), a global financial services provider backed by Genstar Capital (Genstar).
The investment is further endorsement of Apex’s sustainable growth strategy, which will be delivered through continued organic growth and the successful integration of recent acquisitions.
Carlyle and Mubadala have invested in the ordinary share capital alongside Founder and CEO Peter Hughes, majority investor Genstar and leading growth investor TA Associates, previously announced as taking a significant minority strategic investment in The Group. This investment builds on Carlyle’s relationship with The
A&M Capital Europe (AMCE), a London-based, operationally-focused European middle-market private equity firm, is to acquire Pet Network International (Pet Network) from US-based asset management group The Rohatyn Group (TRG).
Pet Network is an omni channel pet care platform in southeast Europe, operating across Croatia, Romania, Slovenia, Serbia and Bulgaria. The transaction, terms of which were not disclosed, is expected to close in the third quarter of 2021.
Pet Network was created by TRG in 2018 through the acquisition and merger of three distinct businesses active in the pet supplies industry across southeast Europe: Pet Centar, which operates in Croatia, Serbia
Santander Holdings USA, Banco Santander’s US holding company, is to acquire Amherst Pierpont Securities, an independent fixed-income broker dealer, through the acquisition of its parent holding company, Pierpont Capital Holdings, for a total consideration of approximately USD600 million (cEUR500 million).
Amherst Pierpont will become part of Santander Corporate & Investment Banking (Santander CIB) global business line.
Amherst Pierpont is a leading independent broker-dealer based in the US, with a premier fixed-income and structured product franchise. It was designated a primary dealer of US Treasuries by the Federal Reserve Bank of New York in 2019 and is currently one of only
ACA Group (ACA) has appointed Aimee Egan to lead all of the firm’s go-to-market functions (including Sales & Marketing) in a newly created role of Chief Commercial Officer.
Read the full story at Hedgeweek…
Nordic Capital is to invest in Duco Technology Limited (Duco) and acquire a majority shareholding from current investors, CME Ventures, Insight Partners and Eight Roads Ventures.
Founder Christian Nentwich will remain as a shareholder and Chief Executive Officer.
Nordic Capital will utilise its experience within the Technology and Payments sector, as well as its broad network and operational resources to accelerate the transformative growth of the business. The data automation market is growing rapidly, and Nordic Capital’s investment will enable the business to further increase its international footprint whilst also supporting product expansion and employee growth.
Duco provides Software as
Dechert LLP has advised a consortium led by Hohnhaus & Jansenberger and funds advised by Cathay Capital Private Equity on the recent acquisition of medifa healthcare group, a owner-run one-stop-shop provider of medical technology for operating rooms.
Cairngorm Capital Partners has acquired Munnypot Limited and Whitefoord LLP, to launch Verso Wealth Management (Verso), a wealth management group providing financial advice and investment management, powered by a digital platform.
The acquisitions are expected to complete shortly, subject to FCA approval, and mark Cairngorm Capital’s entry into the financial services and wealthtech sectors – a long-held objective of the firm.
Established in 2015, Munnypot provides an online investment service that delivers affordable and easily understood financial advice to individuals. Built to comply with the FCA’s regulatory requirements and connect with the most commonly used industry applications, Munnypot’s award winning
Play2Pay, a global mobile payments platform that gamifies payments, has completed an oversubscribed USD13 million Series A funding round led by Telesoft Partners with participation from Harbor Spring Capital and notable individual investors including: former AT&T vice chairman Ralph de la Vega, former Reuters CEO Tom Glocer, Madison Dearborn Partners co-founder and senior advisor Jim Perry, and Virtusa founder and former CEO, Kris Canekeratne. The new capital will fuel the company’s rapid global expansion by accelerating product development, hiring and partner engagement.
Through the Play2Pay platform, mobile phone users can reduce their bills by an average of 30 per cent
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