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Onecom, one of the UK’s largest independent business telecommunications providers, has acquired Nice Network for an undisclosed sum as part of its ambitious three-year expansion strategy.The acquisition, Onecom’s second of 2020, sees Sunderland-headquartered Nice Network become a Onecom company. It strengthens Onecom’s presence in the North East of England, and creates significant opportunities to scale its business in the region through market-leading mobile, cloud-based hosted voice, connectivity and cyber security services.
Founded in 2002 and headquartered in Whiteley, Hampshire, Onecom has doubled its revenues over the last five years. It employs almost 400 people across seven regional offices and
Portobello Capital has announced a new investment fund of EUR350 million that will be placed entirely in the secondary market.The main objective of the new fund, Portobello Secondary Fund II, will be to promote the growth and internationalisation of two of its portfolio companies, Angulas de Aguinaga and Industrias Alimentarias de Navarra (IAN), owner among others of the Carretilla brand products.
With this new Fund raised, the second so far this year, Portobello consolidates itself as a leading and reference manager in the Spanish and European private capital market.
The new fund will also have an additional EUR100 million to
Vector Capital, a private equity firm specialising in transformational investments in established technology businesses, has appointed Anupam Banerjee as a Managing Director and Head of Value Creation. At Vector Capital, Banerjee will work with the firm’s investment team to underwrite new investments and assist portfolio companies to develop and execute go-to-market strategies, drive growth, and improve profitability.
Banerjee brings nearly two decades of proven technology industry and operating experience to Vector Capital. He was most recently a Partner in McKinsey & Company’s Technology, Media & Telecom and Marketing & Sales Practices and a leader in its global software team, where
Ironwood Capital has made an investment in Cox Transportation Services (Cox), a provider of truckload freight services. The majority recapitalisation was led by Expedition Capital Partners and Tecum Capital, with a subordinated debt and equity investment provided by Ironwood Capital. The three groups joined to back CEO Jay Smith in support of the company’s continued growth.
Established in 1982, Cox provides freight hauling and brokerage services to customers in a diversified group of industries across the U.S. The Company specialises in transporting time-sensitive full truckload freight on a local, regional and national basis. Cox also operates a brokerage division that serves
Pacer Ventures, a venture firm for sub-Saharan Africa, has launched a USD3 million fund for early-stage startups, aimed at solving the most critical problems on the continent. Registered in Delaware, with operational offices in Lagos and Johannesburg, Pacer VC is focusing on verticals that are expedient to the African continent, including healthcare, financial inclusion, education and agriculture.
The UN projects that Africa will have a population of 1.68 billion people by 2030, while the GSMA Mobile Economy Report states that 84 per cent of Africa’s population or one billion people will have access to a SIM connection by 2025.
“We see
Israeli VC firm Peregrine Ventures has launched its fifth fund and first growth fund, Peregrine Growth, focused on late stage life science companies that are on the verge of an IPO or M&A deal.
Peregrine Growth will invest USD20 to USD30 million per round in sectors including medical devices, pharma and digital health.
“With the renewed focus on biotech, health, and life science in the wake of the COVID-19 crisis, the potential of Peregrine Growth is great,” says Eyal Lifschitz, managing partner and co-founder at Peregrine Ventures.
Several of Peregrine’s current portfolio companies have pivoted to combat Covid-19. For example,
Alternative investment firm Värde Partners has held a final close of The Värde Dislocation Fund with more than USD1.6 billion of commitments. Raised entirely with no in-person meetings, 55 per cent of commitments to the fund come from new investors.
“The strong demand for this strategy from a diverse, global investor base underscores expectations for a deep credit cycle,” said president Jon Fox. “We took innovative steps to engage investors through virtual platforms and were able to exceed our target in just five months.”
The fund will invest in opportunities presented by the market dislocations and economic disruption following the pandemic.
International law firm Dorsey & Whitney has appointed Carlos Méndez-Peñate as a Partner and Co-Chair of the Firm’s Latin America and the Caribbean Practice Group in the firm’s New York office. Méndez-Peñate will devote significant time to lawyer recruiting, playing a key role in Dorsey’s plans to grow its presence in New York.
Méndez-Peñate has more than 40 years of experience in Latin America and the Caribbean and he provides clients with the sophisticated guidance needed to complete complex cross-border transactions. His practice focuses on M&A, capital markets, syndicated and secured lending, project finance, debt restructuring, and real estate transactions. He
Dyal Capital Partners (Dyal), a division of Neuberger Berman, has acquired a passive minority stake in TowerBrook Capital Partners (TowerBrook), a London and New York-based international investment firm. Dyal’s investment into TowerBrook’s management company will provide additional balance sheet capital, enabling TowerBrook to increase its commitment to its funds under management, strengthen the foundations of the firm and further pursue its successful investment strategy.
Dyal’s investment builds on the successful 2015 investment by Wafra Strategic Investors, which will remain a minority investor alongside Dyal. TowerBrook’s partnership with Dyal will have no impact on the day-to-day management or operations of TowerBrook,
Eventus WholeHealth (Eventus), a private equity-backed full-service, physician-led provider of interdisciplinary healthcare to individuals residing in skilled nursing and assisted living facilities, has acquired Doctors Making Housecalls (DMHC), a home-based primary care provider that makes more than 160,000 house-calls to patients each year. The merged multi-specialty group practice will have a total of over 550 clinicians and employees providing integrated primary care, specialty care, and behavioural health services to more than 27,500 patients in long-term care facilities as well as those still living at home, and will be the largest healthcare provider to senior residents living in assisted living facilities in
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