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Chiltern Capital (Chiltern) has completed an investment in Doby Verrolec Limited (Doby), a UK-based manufacturer of HVAC ductwork jointing systems and ductwork components. Doby was previously a subsidiary of Heitkamp & Thumann, a family owned industrial manufacturing group headquartered in Dusseldorf.
Based in Stanley in County Durham, Doby can trace its origins back to the 1950s and employs over 50 people at its headquarters.
Chiltern has taken a majority stake in the company and will play an active role in supporting Malcolm Moss (Managing Director) and Terry Dingley (Works and Technical Director) to accelerate growth. As part of the transaction, experienced
Investment company Kinnevik has agreed to sell 23.2 per cent of the shares in Nordic digital commerce group Qliro Group to Swedish VC fund Rite Ventures.
The deal is expected to close in the third quarter of 2020. As a partial payment for the sold Qliro Group shares, Kinnevik will receive up to 47,439 shares in MatHem, corresponding to 0.5 per cent of the total number of shares in the company.
The balance will be paid through a promissory note from Rite Ventures, which under some circumstances provides for a purchase price adjustment.
The total consideration that Kinnevik expects to
The Luxembourg-domiciled euro denominated structure closed with EUR 260 million of commitments on 27 March, surpassing its EUR200 million target.
Neuberger Berman launched the Crossroads funds of funds platform in the early 1980s, with the aim of constructing diversified private equity portfolios across asset classes, strategies and geographies.
The new fund, NB Euro Crossroads 2018, invests concurrently with the international fund; together they have commitments of over USD1 billion.
Investors include pension funds, insurance companies and family offices from continental Europe and the Nordics. “We identified demand in Europe for a Luxembourg domiciled euro denominated structure,” said Dik van Lomwel,
Funds4Food is aiming to raise cash to aid relief efforts for victims of Covid-19 with two weeks of virtual one-on-one meetings between alternative asset managers and leading allocators in what is being described as the world’s largest cap intro event.
Ed, a global reinsurance, wholesale and specialty broker, has appointed Robert Coward, a qualified corporate lawyer, as divisional director in its professional and executive risk team, effective immediately. Coward will report to Niraj Perera, head of transactional risk.
In this role Robert’s legal expertise will provide invaluable support in providing insurance solutions for M&A transactions, including warranty and indemnity, tax liability and contingent liability. Robert joins Ed from one of the leading law firms, Travers Smith, where, he was an associate working in the private equity team. Prior to this, Robert was an associate at McDermott Will & Emery, where he
Kian Capital Partners (Kian), a middle-market focused private investment firm, has exited its investment in TrueLearn (TrueLearn) through a sale to LLR Partners (LLR). Terms of the transaction have not been disclosed.Headquartered in Mooresville, NC, TrueLearn is a leading provider of virtual learning and exam preparation software for physicians and healthcare professionals seeking Board licensure and accreditation. The Company relentlessly advocates for learners seeking to maximise outcomes across a multitude of healthcare fields, including medical specialties such as General Surgery, Anesthesiology, and OB/GYN, and partners with medical schools and healthcare training programs to promote the highest levels of success. TrueLearn’s
No women in private equity report that they see starting their own firm as part of their future ambitions, according to Investec’s 10th edition of their global GP Trends Report.Down from just 2.3 per cent of women who claimed they would like to start their own firm in 2018, 0 per cent of female respondents for the 2019 survey said that if they left their current firm, they would start their own. This is compared to nearly 15 per cent of male general partners.
More women suggested that if they left their current roles, they would start their own
Liverpool-based funding provider MSIF is looking to further support and expand its offering to SMEs across the North West impacted by the Covid-19 pandemic. As an accredited lender of the Coronavirus Business Interruption Loan Scheme (CBILS), MSIF has, through its Merseyside Loan & Equity Fund (MLEF), made GBP1million of its own capital available to support businesses under the scheme with loans of up to GBP250,000. Having recently completed its first investments, further applications are now being welcomed with such support being in addition to MSIF’s flexible funding options for debt, equity and start-up finance.
In addition to this, MSIF and GC Business Finance can
Omnes has appointed an Analyst, an Associate, a Principal, an Asset Management Director and a Financial Controller, and also promoted an Associate and two Principals.
Aubrey Stewart-Quinquis has joined the Mid Cap team as Analyst under the management of Stéphane Roussilhe, Partner.
The Mid Cap team supports companies (with an enterprise value between EUR40 and EUR200 million) with tangible prospects for internal and/ or external growth to increase their market share in France and abroad. The team works with high quality managers, committed to companies’ capital. It incorporates a strong ESG component into its strategy in order to place
WIT Fitness, a London-based sportswear retailer, has secured an additional GBP1.5 million in follow-on funding from growth capital investor VGC Partners after growing revenues by 56 per cent in the last year.Activated by ecommerce, WIT Fitness sells high-quality branded training footwear and activewear apparel in the UK, US and Europe. It also operates a store in London St Paul’s, which houses a state-of-the-art gym. The company was founded in 2014 by former athlete Dan Williams and sports retail expert Sam Kitching.
In the last year, WIT Fitness has launched two exclusive sneaker collaborations with Adidas and Reebok; the Adipower II x WIT and WIT x Nano 9, respectively. It has also launched
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