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Funds advised by KLAR Partners Limited (KLAR Partners) is to acquire QMG, one of Finland’s leading players in technical installation and services within electricity, heating, ventilation, sprinklers and automation.
The acquisition is the next step in KLAR Partners’ ambition to create the Nordic region’s leading player in technical installation and property services.
QMG offers technical installation and services within electricity, heating, ventilation, sprinklers and automation. With around 1,000 employees in almost 30 locations, the company is one of the largest installation companies in Finland. In 2020, QMG had sales of approximately EUR 200m.
Together with Sandbäckens, an existing KLAR portfolio
Drata, a security and compliance automation company, has raised USD25 million in Series A funding led by GGV Capital.
The new financing comes six months after the company’s initial seed round and launch out of stealth. Drata’s platform helps companies achieve and maintain continuous compliance through automated security control monitoring and evidence collection. New investors Okta Ventures and Silicon Valley CISO Investors (SVCI), as well as insiders Cowboy Ventures and Leaders Fund also participated in the round, along with several strategic investors and security practitioners.
“Comprehensive proof of a company’s security and compliance posture has quickly become a
Quantela, a specialist in IoT-enabled smart cities and urban infrastructure digitalisation, has closed approximately USD40 million in growth capital for new Outcomes-as-a-Service projects and acquisitions from Digital Alpha, a leading digital infrastructure investment firm.
CEMEX Ventures, a corporate venture capital and open innovation unit of CEMEX, has made a follow-on investment in Modulous, a UK-based company that exploits technology in a bid to modernise the design and construction of affordable housing, making the process more efficient, scalable, and relying on a strong network of supply chain partners.
Browne Jacobson’s Corporate finance team has advised Connect Managed Services (UK) Limited (Connect), on its acquisition of customer care solution provider, Service CX Limited for an undisclosed sum.
Service CX Limited, which is located in Windsor, specialises in market-leading integrated technologies and services such as Calabrio WEM, ServiceNow CSM and Five9 cloud contact centre.
Connect which is headquartered in London, launched in July 2019, following a merger of Connect Managed Services and G3 Comms. The transaction will strengthen the Connect global client portfolio which includes a broad range of organisations in the public and private sector, such as banks, financial
Blackstone Resources has appointed David Flaschenträger as the new CMO and Project and Product Manager of Blackstone Technology.
Flaschenträger is an experienced engineer and held previously various managing positions at companies such as Quantron AG, E-Force One AG and BMZ GmbH. During his time at the Fraunhofer Institute LBF he received his PhD in Engineering from the Technical University of Darmstadt.
Flaschenträger’s main responsibilities will include taking care of the relationships that Blackstone Technology has already established with future clients. These organisations come from a variety of sectors, such as automobile (OEMs), maritime, renewable energy storage and aviation. He
Queen’s Park Equity (QPE) has made a further appointment to its investment team.
Manning joins the investment team from Livingbridge, bringing several years of transaction and board experience. He has worked with businesses across the healthcare and business services sectors, helping them to deliver ambitious strategies and become market leaders. Prior to Livingbridge, Manning spent three years at Arrowpoint Advisory, having previously worked at KPMG.
Jonny Kay, Managing Partner, says: “We’re delighted to welcome Nick as we continue to build the team following the closing of our debut fund in December. His appointment comes at a busy and
Ocorian, a specialist in corporate and fiduciary services, fund administration and capital markets, has appointed Kareem Robinson as Client Director – Capital Markets in the Cayman Islands.
Read the full story at Institutional Asset Manager…
YFM Equity Partners (YFM) is continuing to support the growth of innovative Scottish software business Traveltek with a GBP1.3 million investment from funds managed by YFM and co-investor FTI LLP.
Over the last 20 years, Traveltek has developed technology which enables leisure travel companies to package together an extensive range of hotels, flights, cruises and ancillary travel services in one seamless transaction. Private equity house YFM has supported the business since 2016 when it made its first investment of GBP5.3 million, allowing the business to become one of the most advanced travel booking engines in the market. Recent developments include
YFM has exited its investment in FourNet, a 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 generated a six-times return for YFM’s investors in less than four years.
Dan Freed, partner at YFM, says: “We backed FourNet as a niche business with a strong reputation in a specialist and rapidly growing market, knowing that, with our support, they could continue to thrive. They are exactly the type of business and management team that YFM looks
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