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NorthEdge has sold a majority stake in Orbis Protect (Orbis), a leading provider of critical security services to the UK vacant property sector, to growth investor Synova.
The deal delivers a strong return for the lower mid-market private equity specialist and includes a material reinvestment into Orbis from NorthEdge’s Fund II alongside Synova.
NorthEdge invested in Orbis in August 2018. During the partnership, Orbis has grown revenues at a CAGR of 17 per cent, added to its technology capabilities through the acquisition of Optosafe, a 360-degree CCTV tower provider, and increased employee engagement. Orbis also ranked eighth in the
NB Private Equity Partners Limited, a closed-ended investment company which invests directly in private equity investments alongside market-leading private equity firms, has appointed Louisa Symington-Mills as an independent non-executive Director.
Symington-Mills joined M&G Investment Management in 2003 before a successful career at Royal Bank of Scotland and Jefferies as a listed alternative investment funds research analyst, with a particular focus on listed private equity. She subsequently became Chief Operating Officer at LPEQ, an international association of listed private equity companies, and has played a key role in increasing awareness and understanding of listed private equity throughout her career. Symington-Mills is
LongRange Capital, a private equity firm focused on building better businesses, has made several additions to its team in recent months. Sunny Patel joined LongRange as Senior Principal, Taylor Elliott as Senior Associate, and Austin Marcus as Associate.
Patel brings to the firm a combination of investment and operating experience. Prior to LongRange, Berlin and Patel worked together for a brief period at Navab Capital Partners focusing on private equity. Patel was previously with 3G Capital, on both the private and public sides of their business. During this time, he spent several years at the Kraft Heinz Company, a 3G
Private capital must adopt a common language or taxonomy for data reporting if it is to support more timely and insightful decision-making in the investment process, according to business advisory firm KPMG UK.
The call comes as KPMG UK publishes its report titled ‘Improving data exchange fluidity between LPs and GPs’, in partnership with the Private Capital Data Standards Alliance (PCDS Alliance – formerly ADS Initiative), the membership organisation that supports the collaboration of private capital stakeholders to develop global data standards in the industry. The publication coincides with KPMG’s appointment as a founding member of PCDS Alliance.
The
Edge Investments (Edge) has invested GBP1.7 million in OTHERWORLD, a UK out-of-home Virtual Reality (VR) experience.
Edge is leading the GBP2.9 million Series A funding round alongside a follow-on investment from Imbiba, a specialist investor in leisure and lifestyle brands, and participation from games industry veterans Chris Lee and Rupert Loman.
OTHERWORLD offers immersive virtual reality experiences across entertainment, arts, education and wellness. OTHERWORLD guests enter their own ‘immersion pod’, which integrates premium VR hardware with dynamic heat, wind and rumble effects. Each pod is connected to the same place: a virtual island paradise where friends and family can explore
Booste, the fintech offering revenue-based financing (RBF) to e-commerce companies, is today announcing it has raised EUR12 million in Series A funding to expand its model across Europe including in the UK, Ireland and Netherlands.
The news comes just four months after the company has announced its launch and the initial seed round in January 2021.
Booste provides flexible financing to companies, with a particular focus on e-commerce businesses, to help them fund growth activities using RBF. Instead of a traditional bank loan which requires credit checks and personal guarantees or venture capital which leads to equity loss, RBF allows
Berkeley Energy, a leader in the development and operation of clean energy projects across emerging markets, has secured EUR130 million for a first close of the Africa Renewable Energy Fund II (AREF II).
AREF II’s investor base includes seven development finance institutions including CDP, CDC, FMO, Proparco, Swedfund, Sustainable Energy Fund for Africa (SEFA, managed by the African Development Bank) and the Clean Technology Fund (CTF, part of the Climate Investment Funds).
Benefiting from a substantial proprietary pipeline and an experienced team, AREF II has a final target fund size of EUR300 million, and will primarily target run-of-river hydro,
Funds advised by Apax (the Apax Funds) today announced are to acquire CyberGrants, a provider of Software-as-a-Service (SaaS) solutions for corporate social responsibility (CSR), employee engagement, and volunteer management, from Waud Capital Partners.
Financial terms for the transaction, which is expected to close in Q3 2021, have not been disclosed.
CyberGrants delivers market-leading CSR software solutions to some of the most respected companies and foundations in the world, helping them quickly activate their charitable causes to realize strategic, measurable outcomes. Its single platform solution enables customers, including more than half of the Fortune 100 companies, to easily scale their
Addepar, a technology platform for wealth management, has raised USD150 million from D1 Capital Partners at a pre-money valuation of USD2 billion as part of its Series F financing.
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The average value of a UK growth stage company reached GBP100m in 2020
The average value of a UK growth stage company reached GBP100m in 2020