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Fresha, a beauty and wellness software platform, announced today a USD100 million Series C investment led by General Atlantic, a global growth equity firm, with strategic participation from Huda Kattan of HB Investments and the founder of Huda Beauty, as well as Michael Zeisser of FMZ Ventures, former Chairman Investments at Alibaba Group and Jonathan Green of Lugard Road Capital.
Fresha’s existing global investors Partech, Target Global and FJ Labs also participated in the round, bringing the company’s total fundraising to USD132 million to date. Fresha will leverage the new funds to further broaden its global community of partner
HPE Growth, a leading European tech-growth capital investor signed a single-asset continuation vehicle for its HPE Fund I portfolio company PPRO that established itself as a globally leading cross-border payments infrastructure provider, powering international growth for payment service providers and platforms.
The transaction is expected to close in summer subject to obtaining the required regulatory approvals.
HPE Fund I invested in PPRO in 2014 and has since realised a revenue CAGR of +40 per cent. With HPE Fund I nearing the end of the fund’s life time, the transaction provides extended duration to the fund’s investment in PPRO, while offering
Fuel Ventures, an early-stage VC focusing on tech-enabled businesses, has announced a new GBP45 million investment fund.
The funds will be deployed to more than 60 of the UK’s most exciting tech-enabled startups over the next 12 months, making it one of the most prolific early stage investors in the UK. Fuel Ventures is also extending support to pre-seed, innovative businesses through its new fund. This move aims to help stem the decline in first-time investment as the rest of the VC market looks upstream towards the latter stage, big-money rounds.
Since launching in 2015, Fuel Ventures has raised
Buy and build Manchester-based investment group, Tristone Capital, has acquired Premier Care Management Ltd through its care division, Tristone Healthcare.
Premier Care Management Ltd was founded in 2009 by Steve Bristow as a provider of community and outreach services within the South West as an alternative to residential accommodation and support, for vulnerable adults, young people and young offenders. The Bristol-based organisation provides supported accommodation for young adults across 13 properties with a team of 26.
Tristone Healthcare’s strategy is to acquire high-quality businesses with strong fundamentals, delivering outstanding care and support to vulnerable people who need it
Henkel has closed the sale of two brands, Right Guard and Dry Idea, to Thriving Brands, effective 1 June, 2021. Both brands are mainly focused on the North American and UK markets.
The transaction is another milestone in the company’s ambition to actively shape its portfolio, an important pillar of its Purposeful Growth agenda. Last year, Henkel announced that the company has identified brands and categories with a total sales volume of more than EUR1 billion, predominantly in its consumer businesses, of which around 50 per cent are marked to be divested or discontinued by 2021.
The two brands that
Connection Capital, the specialist private client investment business, has secured an opportunity for private investors to participate in a tech-focused venture capital (VC) fund managed by top quartile, VC fund manager, DN Capital – the third time it has done so in four years.
Appetite has been strong with over GBP7 million raised from private clients.
Connection Capital clients were able to access the EUR200 million fund-raise for DN Capital’s Global Venture Capital V Fund (GVC V) and invest in units of just GBP25,000 rather than the standard EUR1 million for individual investors.
GVC V targets future market-leaders at seed
The North East Development Capital Fund (NEDCF), supported by the European Regional Development Fund (ERDF) has invested GBP750,000 in Newcastle-based CRL Foods Ltd (CRL Foods), a specialist food & beverage canning, sterilisation and pasteurisation business.
The funding will allow the business to scale, increasing its production capacity and streamline efficiencies in order to service its growing list of international customers. The investment will also enable CRL Foods to expand its team, creating seven new jobs in Newcastle.
CRL Foods utilises bespoke new retort systems to sterilise and pasteurise food and drink that deliver significant quality benefits over current retort technologies
Funds advised by Apax are to acquire Infogain, a Silicon Valley-based specialist in digital transformation and software services, from ChrysCapital.
The transaction is subject to customary closing conditions and is expected to close in Q3 2021. Terms of the transaction have not disclosed.
Founded in 1990 and headquartered in Los Gatos, California, Infogain provides human-centred digital platform engineering services to its customers. With a team of 5,000 globally, Infogain serves companies, including Fortune 500 customers, in the travel, healthcare, retail/consumer packaged goods (CPG), insurance, telecom, and tech industries, supporting them in their artificial intelligence, experience design and cloud journey,
Rubicon Partners (Rubicon) has acquired Airedale Catering Equipment Group Limited (Airedale), a UK specialist in services to the commercial kitchen and catering market.
Based in Bradford, West Yorkshire, Airedale provides a fully integrated end-to-end solution including design, supply, manufacture and installation of professional kitchens and maintenance services.
Airedale was established by Peter Bywell and John Rhodes in 1985. In 2013, in the context of a management succession, Rob Bywell led a management buyout with the support of Rockpool Investments (Rockpool). The business has expanded rapidly over the last seven years, including through the acquisition of two service businesses which today
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Healthcare drivers that private equity should be aware of
Healthcare drivers that private equity should be aware of