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Iksuda Therapeutics (Iksuda), the developer of a new generation of antibody drug conjugates (ADCs) with raised therapeutic index, today announced it has completed a USD47 million (circa GBP34 million) financing round, co-led by Mirae Asset Capital and its subsidiaries, Celltrion and Premier Partners, with the Company being advised by Ashfords LLP.
The funding will support the advancement of Iksuda’s lead ADC assets and expansion of its payload and conjugation platform technologies.
Iksuda’s lead pre-clinical candidate, IKS03, is a best-in-class CD19-targeted ADC candidate for B-cell cancers. The investment will enable progression of IKS03 to first-in-human phase 1 clinical trials. It
Exponent has reached an agreement to sell BBI Healthcare (BBIH) or the ‘Business’, an international provider of differentiated self-care products serving Women’s Health, Diabetes and Energy Management markets, from BBI Group to Venture Life Group plc (Venture Life), a specialist in developing, manufacturing and commercialising products for the international self-care market.
BBIH is a division of BBI Group, a diagnostics-focused business acquired by Exponent from Alere in 2015. BBIH has a brand presence in over 80 per cent of major UK retailers. Its key brands are Balance Activ, the UK’s number one treatment gel and pessary for symptoms of Bacterial
KKR, a global investment firm, and Ensono, a leading hybrid IT services provider, have closed the previously announced acquisition of Ensono by KKR. Ensono provides a comprehensive suite of services that help enterprises manage, optimise and modernise their IT systems across mainframe, cloud and hybrid infrastructure.
“Joining the KKR family strengthens our position as a leading managed service provider and enables us to grow and drive innovation to meet the changing needs of our clients,” says Jeff VonDeylen, CEO of Ensono. “We have a great partner in KKR who shares our values, our vision, and is committed to our success.”
Uruguayan fintech payments company dLocal, the country’s first unicorn, has raised USD617.65 million in its initial public offering, which started trading on Thursday on the Nasdaq under the symbol ‘DLO’.
Of the shares sold, close to 4.4 million were by dLOcal and 25 million by its existing investors. JP Morgan, Goldman Sachs, Citigroup and Morgan Stanley were the lead underwriters for the IPO.
Led by its 30-year-old CEO Sebastián Kanovich and headquartered in Uruguay, dLocal is the first unicorn to come out of one of South America’s smallest countries. Kanovich is a pioneer in the EM payments space, having spun off dLocal from AstroPay in January 2016.
The startup, whose high-profile backers include General
Kimmeridge Energy Management Company, LLC (Kimmeridge), a private equity firm focused on upstream energy, with an investment philosophy underpinned by fundamental research, today published a white paper entitled: “Why the Energy Industry Needs a Carbon Offset Exchange.”
Contrary to popular belief, little has happened in the past year to quell the world’s thirst for oil. With global lockdowns and limited vapor trails overhead, in 2020 oil demand declined just 9 per cent versus 2019. As global demand for fossil fuels is expected to remain robust over the next decade (and likely longer), reducing the carbon intensity of the oil and
Dutch blockchain investment fund Maven 11 Capital has raised EUR40 million which it will invest in start- and scale-ups creating innovative financial services and building Web 3.0. using blockchain technology.
The new fund is a direct response to the explosive demand for investment in, and mentoring of, start-ups in decentralised finance, where cutting edge technology plays a central role. Due to this, and the rapid development of DeFi and Web 3.0, the fund could very well close before summer’s end.
“Blockchain technology allows the creation of a completely new infrastructure enabling financial services without the intervention of a third party.
The North East Development Capital Fund (NEDCF) has led a GBP500,000 funding round for Newcastle-based HiveHR Ltd (Hive), an employee listening tool, operating in the Software-as-a-Service (SaaS) space.
The Fund, which is managed by Maven Capital Partners (Maven), has invested GBP250,000, alongside GBP250,000 from the Future Fund, a government backed scheme supported by the British Business Bank.
The transaction follows an impressive six months of growth with more and more organisations now prioritising how their people are feeling in the midst of significant changes to their ways of working. The funding will be used to accelerate Hive’s roadmap alongside a
Maven Capital Partners (Maven) has led a significant investment in Pagabo, a procurement services specialist, and Sypro, a contract management and compliance software provider.
The two businesses share common ownership and the transaction will allow for the creation of a formal group of companies (Group).
Pagabo and Sypro have highly complementary propositions which provide a compelling end-to-end solution for public sector and large enterprise clients when managing complex construction projects.
Pagabo’s innovative framework agreements enable organisations to procure suppliers for a range of goods and services more efficiently, while Sypro’s Contract Manager software empowers contractors to comply with contract obligations
Paceline Equity Partners (Paceline), a Dallas-based private equity manager, has held the final closing of commitments to Paceline Equity Partners Opportunity Fund I, and Paceline Equity Partners Opportunity Fund I (Cayman) with total commitments of USD350 million.
In addition, Paceline has raised and currently manages USD64 million of third-party equity capital to invest alongside deployments from Fund I. Paceline has also raised a committed co-investment partnership with another investor, and, in aggregate, Paceline has raised USD449 million of equity capital to date.
Chief Executive Officer Sam Loughlin says: “It is the trust and confidence of our investor base that
CSC, a provider of business, legal, tax, and digital brand services, has acquired PEF Services LLC (PEF), a leading provider of technology-enabled fund administration services to private capital firms and their investors, including private equity, private debt, venture capital and US-based small business investment companies (SBICs).
This strategic acquisition greatly accelerates CSC’s fund services growth plans in the US, adding expertise and a robust technology platform to CSC’s increasingly sophisticated solutions. The deal underscores CSC’s commitment to the growing private capital fund administration market and builds upon CSC’s other recent expansion efforts in the US, Europe, and Asia.
“We’re very
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