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Blue Point Capital Partners’ Blue Point III portfolio company, Sylvan Group (Sylvan), has acquired Great Lakes Mechanical (GLM).
Combining Sylvan and GLM positions the organisation for significant growth as a major player in the industrial and commercial contracting industries throughout the Eastern US and Canada.
The acquisition enables the Company to accelerate customer growth by serving as a one-stop-shop for innovative, sustainable and quality industrial and commercial building solutions. Leveraging GLM’s commercial and service capabilities alongside Sylvan’s industrial contracting expertise and geographic reach, the Company will deliver a full line of industrial/mechanical service solutions for its clients.
“We have enjoyed
Venture Capital investment firm JPIN VCATS today announces the completion of a GBP1.5million raise to drive forward the development of the world’s largest investment corridor between the the UK and India. The investment has come from a group of Super Angels, renowned Family Offices and Institutional Investors from the UK, India, Europe, Africa and the Middle East in a raise that spans a global ecosystem of investors. JPIN VCATS will look at backing growth to Series D rounds.
New research reveals some 36 per cent of eVTOL professionals predict a dramatic increase in the level of consolidation in the eVTOL market over the next two years, and 51 per cent think there will be a slight increase.
There are currently around 245 companies who have developed eVTOL concepts, but in five years’ time 60 per cent of professionals working in the sector believe this number will be smaller. One in three (33 per cent) predict there will be between 100 and 200 companies, and one in five (20 per cent) think there will be fewer than 100. Some
Astorg and Bridgepoint are to acquire Fenergo’s management team to acquire Fenergo, a provider of Know-Your-Customer (KYC) and Client Lifecycle Management (CLM) software solutions for financial institutions, from Insight Partners.
Power Factors, LLC, a global specialist in renewable energy asset performance management (APM) and enterprise asset management (EAM) software, is to acquire 3megawatt, developer of the BluePoint asset management software platform.
The transaction is Power Factors’ second in Europe in the past month, following the acquisition of Greenbyte AB. Upon closing, the combined company will support 110GW of global wind and solar assets, continuing its market leadership in global renewable energy software. The transaction is expected to close on May 31, 2021.
“We have long respected 3megawatt’s founder, Edmée Kelsey, the 3megawatt team, and BluePoint, their innovative asset management
Libryo has closed its most recent funding round at GBP1.35 million. The round was led by Future Energy Ventures and supported by a range of existing and new investors, including the UK Government’s Future Fund and early Libryo supporter Nextlaw Ventures.
Founded in 2016, Libryo aims to build the world’s legal database, creating a global marketplace where users can seamlessly obtain legal content and professional services. Its team of developers has built a sophisticated software solution to easily enhance and automate global regulatory content. The solution provides five modules to support businesses with knowing, understanding and complying with their legal
In April 2021, Acofi Gestion closed EUR4 million in bridge loan and junior debt financing with ZE Energy Group via its Predirec EnR 2 loan fund. This is the first transaction for this fund in the innovative technology of hybrid solar power plants, combining photovoltaics and storage to address the challenges of intermittency and grid stability associated with renewable energy.
The Greenfin-labelled Predirec EnR 2 fund has a dual objective. On the one hand, it supports the full range of industrial contributors to the Energy Transition by providing them with flexible financing solutions and, on the other hand, the fund
African private equity fund manager Ascent has held the first rolling close of its Ascent Rift Valley Fund II (ARVF II) at more than USD100 million, significantly exceeding its initial target of USD80 million. The final close of ARVF II, with a target of USD120 million, is expected in December 2021.
ARVF II will invest equity in leading small and medium-sized enterprises (SMEs) in Eastern Africa, looking to take large minority or majority stakes. The fund will provide funding to scalable SME businesses, helping to drive wider business and industrial development, particularly targeting the financial services, manufacturing, wholesale and retail
Ankorstore, a curated marketplace connecting independent brands with local retailers, has raised USD100 million in Series B funding led by Tiger Global and Bain Capital Ventures.
Propelled by strong growth, and just months after its successful Series A fundraise, this round welcomes new investors alongside participation from existing investors Index Ventures, Global Founders Capital, Alven, and Aglaé. The company plans to use the funds to grow its base of 5,000 brands and 50,000 independent retailers across Europe, and support them through reopening.
Founded in 2019 by former Etsy executives and serial entrepreneurs, Nicolas Cohen, Nicolas D’Audiffret, Mathieu Alengrin and
Novo Holdings has led an oversubscribed USD125 million Series C financing in Hummingbird Bioscience (Hummingbird), a clinical-stage biotech company focused on developing precision therapies against difficult-to-drug targets to improve treatment outcomes.
This is one of the first investments in a privately-held Asian biotech company by Novo Holdings. Novo Holdings recently established an Asian life sciences investment platform in Singapore, Novo Holdings Equity Asia Pte. Ltd (Novo Holdings Asia). Kenneth Harrison, Partner, Novo Ventures, will join Hummingbird’s board of directors.
Hummingbird, headquartered in Singapore and the US, is developing a broad pipeline of first- and best-in-class drug candidates across multiple indications
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