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Churches Fire, a Southampton-based provider of fire safety and security compliance services, has secured a significant GBP75 million refinancing package from HSBC UK and HSBC Asset Management, Northleaf Capital Partners and Siemens Bank.
The senior debt package will provide Churches, which is backed by private equity sponsor Horizon Capital, with significant firepower for future acquisitions. In the last four years the business has successfully acquired 14 companies and now serves over 15,000 customers across the UK.
The company will continue to implement its proven ‘Buy and Build’ strategy with further acquisitions in the pipeline for 2021 and beyond. HSBC
The Robot Exchange has secured a significant GBP500k investment from leading private equity investment firm, Foresight Group, through the Midlands Engine Investment Fund (MEIF).
The Nottingham-based business supplies Robotic Process Automation (RPA) software and services to deliver efficiencies to businesses, helping them streamline and automate their processes via robotic infrastructure.
The funding will be used as growth capital, helping The Robot Exchange further innovate in the RPA sector – enabling greater investment in more technical solutions and increasing the volume of customers, markets and platforms that The Robot Exchange can serve. The Company plans to create an additional five
Frostrow Capital (Frostrow) has appointed Richard Plaskett in the newly created role of Head of Investment Companies.
This appointment reflects the growth in Frostrow’s business and on-going demand for the firm’s services in the investment companies’ sector. Richard will work closely with managing partner, Alastair Smith and the wider Frostrow team in ensuring client investment company Boards receive the highest quality service.
A chartered accountant, Plaskett was formerly a managing director with JP Morgan Asset Management with responsibility for a number of JP Morgan’s leading investment company clients. He was previously with Aberdeen Asset Management, UBS Warburg and RSM
London-based private equity firm ADM Capital Europe’s Cibus Enterprise Fund (Cibus) has invested in US-based retail technology provider Adroit Worldwide Media (AWM).
Technology has reached the point where supermarkets can retrofit their stores with cameras, smart shelves and sensors which provide sufficient data for more efficient shelf stacking, checkout-free shopping, optimising inventory levels and logistics which improve waste reduction. This so-called “frictionless retailing” also enables new formats of stores such as small “hyper-local” stores in a college campus or office building. According to a recent report by Google Cloud, application areas for AI and Machine Learning in physical retail
Global growth investor, Warburg Pincus, has entered into an agreement with Macquarie Capital Principal Finance (Macquarie Capital) to jointly acquire a majority stake in Premier Technical Services Group Ltd (PTSG), a specialist in building compliance services in the United Kingdom (UK).
The new investment from Warburg Pincus marks a significant milestone for PTSG as it enters its next phase of growth, allowing the company to focus on continued innovation and key growth initiatives, while continuing to offer strong customer service. PTSG is a leading provider of specialist building compliance services, including fire and electrical compliance services, fall protection and façade
OMERS Private Equity and Alberta Investment Management Corporation, on behalf of certain of its clients (AIMCo), are to sell their majority stake in Environmental Resources Management (ERM) to KKR.
UK headquartered ERM is the world’s largest pure-play sustainability consultancy, operating in over 40 countries with over 5,500 partners and employees globally. ERM partners with the world’s leading organisations to create innovative solutions to sustainability challenges and unlock commercial opportunities that meet the needs of today while preserving opportunity for future generations.
Since investing in ERM in 2015, OMERS Private Equity and AIMCo have worked closely with the Company and its
NTR has announced the EUR115 million financial close of its 86 MW Norra Vedbo wind farm located in the county of Jönköping, in Southern Sweden.
Reichmuth Infrastructure II CIP joins as co-investor into the project alongside NTR’s Renewable Energy Income Fund II, while Skandinaviska Enskilda Banken AB (SEB), is providing debt finance.
Rosheen McGuckian, CEO, NTR, says: “We are delighted to welcome Reichmuth Infrastructure as co-owners of the Norra Vedbo project, having the same ambition as ourselves to construct and operate quality renewable energy projects in order to address the urgency of the European energy transition. We are equally
Levine Leichtman Capital Partners (LLCP), a Los Angeles-based private equity firm, has sold its portfolio company NBC Holdings (Nothing Bundt Cakes) to Roark Capital (Roark).
Nothing Bundt Cakes is the market-leading franchisor and operator of gourmet bakeries offering specialty Bundt cakes and retail gift items. The Company’s products are handcrafted and baked on-site daily with high quality ingredients and proprietary formulations distributed by its in-house facilities. Nothing Bundt Cakes currently has nearly 400 locations in the US. and Canada. The Company was founded in 1997 and is headquartered in Addison, Texas.
Matthew Frankel, Managing Partner of LLCP, says: “Kyle Smith
Global investment firm KKR is to invest USD95 million in Lenskart, an omni-channel eyewear retailer in India, via a secondary stake acquisition.
Upon the completion of the transaction, KKR will look to leverage its experience working with leading technology and eyewear companies globally to support Lenskart in expanding its presence in India, scaling its growing operations overseas, and enhancing its digital offerings to augment customers’ virtual and omni-store experience.
As part of the transaction, existing investors TPG Growth and TR Capital, who first invested in Lenskart in late 2014, will each divest a portion of their holding in the Company.
ilumoni, a start-up app that aims to help people to borrow well, has raised GBP1.2 million in an over-subscribed seed funding round after successfully launching in Beta earlier this year.
The purpose-led, AI-driven fintech had previously raised GBP455,000 in pre-seed funding, which saw the initial build of the first version of the app. The app went on to receive full FCA authorisation in January of 2021 and has already attracted its first beta users.
The free to use app helps people to understand and manage their borrowing better. ilumoni delivers rich, personal insights into how users borrow and repay,
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