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PhoreMost, a UK-based biopharmaceutical company dedicated to ‘Drugging the Undruggable’, disease targets, has completed an oversubscribed GBP33 million (USD46 million) Series B investment round.
The round was led by BGF, the UK’s most active growth economy investor, and included new investors XtalPi Inc, Astellas Venture Management, Trend Investment Group and o2h ventures. Existing investors Parkwalk Advisors, Morningside Ventures, and Jonathan Milner also contributed.
The funding will be used to progress PhoreMost’s preclinical ‘Allosteric PLK1’ collaboration with Sentinel Oncology into the clinic in 2022. The programme is initially targeted towards Glioma. PhoreMost will also progress multiple additional internal first-in-class drug discovery
Proptech VC Pi Labs has appointed Ivan Ramirez as Venture Partner, as it expands its ecosystem internationally.
Ramirez will be Pi Labs’ first US venture partner, strengthening Pi Labs as a gateway between global real estate firms and the rapidly evolving proptech universe. His appointment follows Pi Labs recent investment into two North American start-ups, as the pioneering business continues its programme of growth and scale.
Ramirez has a breadth of experience both as a startup founder and working for multinational corporations. Ramirez was the founder and CEO at CommerceInterface which he sold to Groupon in 2012. He has
KLAR Partners (KLAR) has held the final closing of its debut fund, KLAR Partners I (KLAR I), at its hard cap of EUR600 million.
The fund is one of the largest European first-time funds raised in the last 10 years and by far the largest raised during the Covid-19 pandemic. The Fund was significantly oversubscribed at the hard cap within 12 months of formal launch.
“We are thrilled with the level of support shown by our investment partners and the trust they have placed in us as a first-time fund in this market. Establishing KLAR I has been a true
The Kempen European Private Equity Fund, the private equity investment fund of Kempen Capital Management (Kempen), has acquired a direct interest in the new entity that will be created as a result of the merger between software companies Medisys and Cityzen.
The merger will form a major software supplier in France for the development of specialised software for the healthcare industry.
The new entity that will be created as a result of the merger between Medisys and Cityzen will be a frontrunner in France in the field of healthcare ERP software, with a combined history spanning three decades. The
DunPort Capital Management (DunPort) has launched a EUR50 million fund to provide tailored and flexible capital solutions to Irish small and medium sized enterprises whose businesses have been directly impacted by the Covid-19 pandemic.
Argonaut Private Equity, a Tulsa, Oklahoma-based private equity fund, has acquired the assets of Pioneer Well Services, a subsidiary of Pioneer Natural Resources.
Located in the heart of the Permian Basin, the operation is now doing business as American Well Services and provides well service rigs for workover or completions operations and wellsite support services including, fluid transfer, hot oiling, frac tank rental and wellsite construction. American Well Services announced the retention of substantially all employees related to the operations, and an extensive amount of assets including a fleet of rigs, water hauling trucks, frac tanks, hot oil units, fishing
Unit4, a specialist in enterprise cloud software for people-centric organisations, has secured a majority investment from TA Associates, a leading global growth private equity firm.
Partners Group, a leading global private markets firm, will invest alongside TA, on behalf of its clients, while Mike Ettling, CEO of Unit4, will continue to lead the company, supported by the existing management team. Advent International, the current majority shareholder in Unit4, will exit its stake in the company.
Unit4 and TA will partner to further accelerate the company’s vision of “people-centric ERP” (Enterprise Resource Planning) for mid-market enterprise organizations. As a leader
Toscafund, a multi asset fund management group, has become the leading shareholder in VoxSmart, a communications surveillance software provider, by investing USD25 million of growth capital to enable the business to continue its rapid growth trajectory.
Read the full story at Hedgeweek…
Partners Group, the global private markets firm, has provided a bilateral ESG-linked unitranche debt financing to Kusters Beheer, a Dutch manufacturer of precision components.
The funds will be used to support Equistone’s acquisition of a majority stake in the Company, as well as facilitating investments into capacity expansion.
Headquartered in Oss, Netherlands, Kusters Beheer produces fine mechanical components and modules, primarily for use in high-tech industries. Founded in 1973, the company has developed in-house technical capabilities including state-of-the-art machining, clean room assembly and specialist process knowledge, making it a partner of choice to its long-standing customer base.
As a major
DC Advisory, an international investment bank, has appointed John S Lanza as a new Managing Director in the Business & Tech-Enabled Services team, based in New York.
Lanza joins following six years as Managing Director at Stifel, where he led the execution of over 20 deals in the business services space – notably the sale of Advent Systems to Allied Universal and the acquisition of SNI Companies by GEE Group. Prior to this, John spent a decade at Merrill Lynch.
Scott Wieler, Chairman, DC Advisory US, says: “It’s no secret that the digital transformation seen worldwide throughout the pandemic
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