PE Tech Report

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DealCloud, a provider of deal, relationship, and firm management technology solutions, has integrated financial market data from FactSet into its DataCortex product.“In order to be competitive in today’s modern deal-making landscape, capital markets professionals are orienting their key decision-making activity around a combination of both proprietary and third-party data,” says Ben Harrison, Chief Revenue Officer and Co-Founder of DealCloud. “We have developed this integration in response to our clients’ growing reliance on FactSet’s market-leading data, and we’re excited about the increased utility our private equity, investment banking, asset management, and other clients will realise from the platform as a result.”
Diverse-owned private equity firms continue to outperform their benchmarks, according to Examining the Returns 2019: The Financial Returns of Diverse Private Equity Firms, a new study released by the National Association of Investment Companies (NAIC).Despite delivering consistent returns, diverse- and women-owned firms collectively manage only 1.3 per cent of the investment industry’s $69 trillion in assets under management. Authored by Meredith Jones, Partner, Head of Emerging Manager Research for Aon Hewitt Investment Consulting, a leading global professional services firm, and compiled with assistance from KPMG to ensure objectivity and the confidentiality of all individual firm data, the report’s findings are
Air Doctor, a technology platform providing a global medical outpatient network that connects travellers with local doctors, has raised a Series A funding round of USD7.8 million from Kamet Ventures – an AXA-backed venture builder – and The Phoenix Insurance Company.Founded in 2016, Air Doctor puts travellers in control of their health by connecting people who are sick abroad with local private physicians who are skilled at treating non-emergency conditions. The platform, currently available across 42 countries in five continents, allows patients to tap into a network of leading doctors that fit their location, language, specialty, and cost needs in
Palm Beach Capital Fund III, through one of its investment entities, has made an investment in Allen Brothers Wholesale Distributors (Allen Brothers), one of the nation’s largest full-line wholesale distributors to the convenience and grocery store industry. Financial terms have not been disclosed. In addition, Palm Beach Capital announced the creation of National Convenience Distributors, LLC (“NCD”) to service customers in the convenience and grocery industries. Allen Brothers, along with J Polep Distribution Services and Harold Levinson Associates, will each become operating divisions of NCD. With annual revenues of USD3 billion, National Convenience Distributors becomes the fifth largest wholesale distributor in
Rewired, a robotics focused venture studio that invests in growth-stage technology ventures, is looking to add new artificial intelligence and robotics investments to its portfolio. The portfolio currently encompasses innovations in machine learning, robotics, bionics, smart sensors, mapping and localisation in the UK and USA. Backed by investors who believe that analysts are underestimating the prospects of AI, Rewired seeks to make investments of between USD5 million and USD30 million. Its status as a venture studio means that Rewired uniquely seeks to attain a substantial or majority position as an investor, and to then provide long term funding and expertise. The
Emma Bridgewater pottery
BGF has invested GBP 8 million in British ceramics brand Emma Bridgewater, to support the brand’s UK growth and international expansion.
CCTV camera
Danish venture capital firm Promentum Equity Partners has sold Grazper Technologies to Yokogawa Electric Corporation, a listed Japanese conglomerate.
Limerston Capital-backed HR services group AdviserPlus has acquired Halborns, a specialist employment law firm based in Nottingham, UK.  The transaction was agreed at the start of March and has completed following regulatory approval. The new deal adds further capabilities and expertise to AdviserPlus, as part of a vision to create the UK’s leading technology-enabled HR services group. Founded in 2013, Halborns has recently been ranked as a Times top 10 employment law business that takes a uniquely solutions-focussed approach to employment law advice. Through its Intelligent Employment platform Halborns provides proactive HR and employment law services enabling its subscribers to access a
Zeus Capital has acted as exclusive financial adviser to Sykes Seafood on its successful acquisition of Klaas Puul from the Dutch Seafood Company (DSC) and H2 Equity Partners.The complex transaction involved multiple stakeholders across Europe and was successfully delivered during uncertain market conditions due to the COVID-19 pandemic.   The combination of Sykes Seafood and Klaas Puul will create a EUR300 million Pan European seafood business with expertise in all species of shrimp that will offer customers across Europe a wide range of high-quality products in chilled and frozen formats for the Retail, Foodservice and Manufacturing sectors.

Klaas Puul is one of the largest shrimp processors in Europe
TorQuest Partners has held the final closing of TorQuest Partners Fund V, with USD1.375 billion of committed capital.Fund V will continue to apply the firm’s successful middle-market investment and operating strategy of partnering closely with management teams to create value through strategic change, operational enhancements, and the successful integration of accretive add-on acquisitions. “All of us at TorQuest very much appreciate the continued confidence our limited partners have shown in us,” says Eric Berke, Managing Partner. “We do not take lightly their trust in us to be responsible stewards of their capital. Our tenured team, many of whom have worked

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