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Cleo Communications, a global provider of ecosystem integration software solutions, has secured a significant investment from an affiliate of HIG Capital (HIG). Terms of the deal have not been disclosed.
Headquartered in Rockford, Illinois, Cleo is an ecosystem integration SaaS platform company that modernises the movement and integration of B2B enterprise data. The Cleo Integration Cloud platform provides more than 4,000 customers worldwide with strategic supply chain visibility into revenue-critical end-to-end business processes across the ecosystems of partners and customers, marketplaces, and customers’ internal applications. Cleo’s solutions drive business agility, accelerate partner onboarding, automate key business processes, and capture new
HCAP Partners, a California-based private equity firm and impact investor, has made a follow-on investment in TCS Healthcare Technologies, a provider of managed care software solutions.
The funding will support the acquisition of DataSmart Solutions, LLC, a predictive risk analytics software company. Terms of the investment have not been disclosed.
TCS software solutions are designed to support the needs of health plans, TPAs, ACOs, and other risk-bearing organisations by optimising clinical outcomes, maintaining compliance, and improving financial and operational excellence. The acquisition of DataSmart accelerates the company’s product development roadmap for the ACUITYnxt SaaS platform, a comprehensive suite of utilisation
Goldacre Ventures (Goldacre), a VC firm based in London focusing on the Smart Built Environment, has opened applications for its annual scale-up programme, RElab.
RElab 2021 will mark the firm’s third consecutive annual scale-up programme and will build on the success achieved over the two previous cohorts.
The 2021 programme is supported by RElab’s growing ecosystem of industry partners, including Capreon; JCA Engineering; Kier; Knight Frank; Landsec; Lockton; LogiFruit; Mace; and RSBG.
This year, RElab’s focus will be on the two themes of sustainability and of construction technology. For this, they will look to partner with exceptional scale-ups
Digital business insurance platform Embrokern has secured USD100 million in a Series C funding round was led by FTV Capital with additional investment from HSCM Bermuda and Gaingels and follow on from Tola Capital, Canaan Partners, Bee Partners, and MassMutual Ventures.
Embroker plans to utilise the new funding to expand the company into a full-stack insurtech by building its own insurance carrier.
“For Embroker to truly forge a new approach to business insurance, we need to reimagine and rebuild every part of the process,” says Matt Miller, Embroker CEO. “Even as some of the surface-level elements of insurance have
Extreme Reach today announces the close of its acquisition of Adstream, creating an independent global platform that connects the end-to-end creative supply chain for marketers.
The combined company answers the call from brand marketers who recognise the benefits and rich data that can only come from one central asset management and campaign workflow hub for all teams, across all regions.
The fragmentation of the media landscape has led to an explosion in the number of creative assets being produced and an exponential increase in the number of teams and individuals working together to create, prepare and deploy them across
9 Basil, the strategic Southeast Asian private equity counterpart to investment firm, Blueprint Forest (BPF), is to support Alpha Capital to form the largest independent asset management company (AMC) in Thailand.
9 Basil, which first acquired its stake in Alpha Capital in 2019, is an independent funds management business with a Southeast Asian private equity platform that places a unique emphasis on Thailand. 9 Basil is focused on private markets and boasts an active portfolio management strategy to derive synergies between the managing partners, limited partners and BPF’s wider network.
Following the role that 9 Basil played in the
London-based fintech LemonEdge (formerly LemonTree Software), has secured funding of USD2.5 million in a heavily oversubscribed fundraising round led by Sidekick Partners, a venture firm with deep ties to the North American private equity industry. Sidekick Partners is joined in this round by investors Tikhon Bernstam, founder of Parse and Scribd, and Lauren Iaslovits, founder of Investran and a pioneer of private capital market technologies.
LemonEdge enables firms in the private equity and financial services industries to digitise complex accounting, many of whom still run on old, ‘insecure’ legacy systems or spreadsheets. The Global Financial Services Application Software Market
Mid-market investor Palatine Private Equity has acquired a majority stake in FourNet, the award-winning digital transformation and customer experience specialists with clients including 10 Downing Street, the Cabinet Office, HM Treasury and the Bank of England.
Headquartered in Manchester, and with offices in London and Burton-on-Trent, FourNet has annual revenues of GBP38 million and employs more than 100 people. The company has around 200 customers, with a significant number in the public sector.
Reflecting its strong three-year growth rate of nearly 55 per cent, FourNet featured in the Sunday Times Tech Track 100 for 2020, the index of
YFM Equity Partners (YFM) has sold its stake in FourNet, an award-winning digital transformation and customer experience specialists whose clients include 10 Downing Street, the Cabinet Office, HM Treasury and the Bank of England. The secondary buyout deal backed by Palatine Private Equity generates a sixfold return for YFM’s investors in less than four years.
FourNet was founded in 2005 by CEO Richard Pennington, operations director Frank Jennings, chief technology officer Mike Jervis and sales director Steve Tyrrell. YFM invested in September 2017, to back the four founders and help them continue the strong growth of the business. In addition
Global law firm Dechert LLP is expanding its global private equity practice group with the forthcoming addition of Sam Whittaker as a partner in its London office.
Whittaker is an experienced corporate lawyer, advising on a full range of complex private equity transactions. His practice focuses on M&A, divestments, co-investments, joint ventures, management equity arrangements and a variety of portfolio transactions.
Mark Thierfelder, Chair of Dechert’s corporate and securities group and chair of the firm’s global private equity practice, comments: “Sam will be a superb addition to our rapidly expanding global private equity team. Our high-quality and collaborative partnership is
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