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A Yorkshire company which manufactures personalised pet food using only natural ingredients has secured a multi-million pound investment to accelerate its growth.
Pure Pet Food has raised the funds from Mercia’s Northern Venture Capital Trust (VCT) Funds and NPIF – Mercia Equity Finance, which is managed by Mercia and part of the Northern Powerhouse Investment Fund. The latest funding round follows a GBP2 million investment by the Northern VCTs in 2019 and will allow the Cleckheaton-based company to continue to support its ambitious growth plans and development of its software as a service (SaaS) platform and data capabilities.
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MidCap Financial, a credit solutions firm focused on serving the middle market, has raised USD875 million through the issuance of its debut senior unsecured bond transaction, with the proceeds set to be used to refinance existing debt.
The transaction priced at the tight end of talk and was upsized by USD50 million as a result of the favorable outcome. JP Morgan Securities served as Lead Left Bookrunner. Joint Bookrunners included Apollo Global Securities, Citigroup, Deutsche Bank Securities, and Wells Fargo Securities.
David Moore, CFO of MidCap Financial Services, says: “The successful issuance of our bond offering is a significant
Goodwell Investments, an impact investment firm, has launched Goodwell V. Following on from predecessor funds, Goodwell V aims to channel capital from private investors, family offices and foundations to fast-growing, scalable small and medium-sized companies.
Goodwell V is the cornerstone feeder for a new institutional fund that the company plans to launch in the second half of this year. The firm’s local teams in Nigeria, Kenya and South Africa have made more than 20 investments across Africa over the last five years, successfully balancing substantial social impact with delivering a market rate of return to investors.
Goodwell V will
Paxos, the first regulated blockchain infrastructure platform, today announced it has closed a 300 million Series D round of funding. Oak HC/FT led the round, with participation from previous investors Declaration Partners, PayPal Ventures, Mithril Capital, Senator Investment Group, Liberty City Ventures, WestCap and more. To date, Paxos has raised more than USD500 million in funding and with a valuation of USD2.4 billion, Paxos is one of the fastest growing fintech startups in the world.
Charles Cascarilla, CEO and Co-Founder of Paxos, comments: “Demand for our enterprise solutions has accelerated much faster than we could have anticipated. It validates our
The Space sector has seen a record-breaking number of Special Purpose Acquisition Company (SPACS) deals announced in the first quarter of 2021, worth more than USD7 billion collectively.
Research conducted by Seraphim Capital, the world’s leading specialist investment group focused on the Space sector, reveals that the ‘SpaceTech’ industry has become one of the most sought-after markets for SPAC mergers. By the first quarter of this year, 11 space-related companies have already announced their intention for SPAC deals – compared to just six in total before 2021 – totalling USD7.2 billion of scheduled equity funding. This compares to the total
Thompson Street Capital Partners (TSCP), a private equity firm based in St Louis, MO, today announced its portfolio company Len The Plumber (LTP), a leading full-service residential plumbing company headquartered in Baltimore, Maryland, with branches serving the Mid-Atlantic region, has completed the acquisition of Larry & Sons Plumbing, Heating, Cooling, Drain, and Electrical Services (Larry & Sons), a full-service residential plumbing and HVAC company headquartered in Hagerstown, Maryland.
Terms of the transaction has not been disclosed.
Jeff Cooper, CEO of Len The Plumber, says: “Both Len The Plumber and Larry & Sons have been operating in the Mid-Atlantic for
BlackRock Private Equity Partners (PEP) has successfully closed of the BlackRock Private Equity Opportunities ELTIF (PE ELTIF), an investment strategy offering access to global private equity direct co-investment opportunities with a focus on Europe.
The Fund secured total commitments of EUR509 million (cGBP600 million), exceeding its initial target and becoming one of the largest European Long-Term Investment Funds (ELTIFs) raised in Europe, to date.
The Fund is BlackRock’s first under its ELTIF platform which aims to regularly bring new private market products to its European client base. The PE ELTIF builds upon PEP’s successful 20+ year private equity direct
PE firms made GBP10.1 billion of corporate carve-out acquisitions in the UK last year, up from just GBP765 million in 2019 as the Covid-19 pandemic drove more corporates to sell non-core business units, says Mayer Brown, the global law firm.
Mayer Brown says that the economic disruption of the past year has forced many large businesses to focus on their core operations to a much greater extent, leaving them much more open to sales of less strategically-important business units.
Private equity funds with significant capital to deploy have been a major beneficiary of corporates’ increased interest in divestments and have
TMF Group, a global professional services firm, has appointed Gaurav Rishi Mehra as part of its Fund Services team.
TMF Group’s Fund Services delivers a holistic suite of fund administration and related services across Private Equity, Real Assets (including Real Estate), Infrastructure, Debt and Venture Capital. Over the past months, the practice not only hired many senior level talents in key markets but went through major acquisitions in Europe and the US, thus pursuing the goals both to serve an international clientele and to expand its services.
Mehra joins TMF Group as Head of Fund Services in India, overseeing
In the latest addition to PEWire’s ‘New Normal’ Q&A series Dave Tayeh (pictured), head of private equity, North America, at Investcorp shares his views on the current deal environment, the role of the private equity industry in the recovery as well as its timeline, how the low interest rates are affecting company valuations at the moment, and how the large amounts of dry powder might be deployed in years to come.
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