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The Midlands Engine Investment Fund (MEIF) Debt Finance, managed by Maven Capital Partners (Maven), has provided EarthSense Systems Limited (EarthSense), air quality monitoring and modelling data firm, with a GBP100,000 loan.
The funding will enable the business to invest further in research and development while also creating new jobs in the East Midlands.
EarthSense monitors levels of air pollution using innovative hardware helping to create key data sets of use to a range of clients including local authorities, health services, pharma businesses and government.
The firm’s technology draws on satellite data and air sensors to analyse historic levels
New research from Mactavish, the leading expert on commercial insurance placement and disputes, reveals many private equity firms are not placing enough focus on the quality of insurance cover in place at portfolio companies.
Mactavish warns that organisations are generally taking on more risks as their businesses change, but many commercial insurance policies are becoming increasingly generic, which means the chances of them not paying out on claims is rising.
In a survey of senior private equity professionals commissioned by Mactavish, just 20 per cent say they take an active role with the Directors and Officers (D&O) insurance cover
Mmid-market private equity investor LDC has supported the secondary buyout of precision engineering specialist ELE Advanced Technologies (ELE) from Albion Capital and Maven Capital Partners.
Headquartered in Colne, Lancashire, ELE is a leading manufacturer of specialist components for aerospace, industrial gas turbines, and commercial diesel sectors, with its clients including Rolls-Royce, Safran, Siemens, GE Avio, GE Power and MAN Diesel & Turbo.
ELE’s precision engineering capabilities enable it to produce complex parts for turbine blades, vanes and compressor blades, and it also supplies turbo charger components to the automotive sector from its manufacturing plant in Trencin, Slovakia.
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Private equity firm Horizon Capital’s USD370 million EEGF II fund has sold the remaining 22.7 per cent stake held in Purcari Wineries (Purcari) after successfully listing the company on the Bucharest Stock Exchange last year.
EEGF II has realised a 3.3 times blended gross cash-on-cash return on the exit of its holdings in Purcari.
Purcari Wineries Plc (Purcari, Crama Ceptura, Bostavan and Bardar brands) is one of the largest wine and brandy groups in the CEE region. The Group manages over 1,392 hectares of vineyards and operates four production platforms in Romania and Moldova. Purcari is the leader in
Glennmont Partners has completed the sale of Gruig (25MW) and Todmorden Moor (12.5MW) wind farms to Foresight Group, a leading global infrastructure and private equity investment manager.
The announcement follows Glennmont’s sale of Gortahile wind farm to Greencoat Renewables PLC, which was completed earlier this month. The sale of the three wind farms means that Glennmont has now divested their portfolio of UK and Irish wind assets.
The Gruig wind farm, located in Ballymena, Northern Ireland, began generating in 2009 and comprises 10 Nordex N80/2500kW turbines. Todmorden Moor wind farm, located in West Yorkshire, was commissioned in 2014 and
Frank Herzog has joined EQT portfolio company VFS Global as the Chief Financial Officer (CFO) effective 1 October 2019.
Herzog will lead the overall Finance function and will also be responsible for M&A, Legal, Internal Audit, and Procurement functions of VFS Global. He is a member of the Executive Board of the company and contributes to the overall strategic direction of VFS Global. He reports to Zubin Karkaria, Chief Executive Officer, VFS Global.
Herzog joins VFS Global with 25 years of broad experience in leadership roles in Finance, Banking, and general management. Most recently, Frank worked from 2012 to 2018 for
Eisner has continued the expansion of its New York office with the appointment of Kate F Buckley as a partner. Buckley will head the firm’s corporate practice in New York.
“This is an important step forward for our firm and our growing New York office,” says Eisner chair Michael Eisner. “Kate is incredibly talented and will add great value to clients across the firm. Along with her leadership abilities, she adds considerable experience and depth to our corporate talent, and her sophisticated transactional practice is a great complement to our existing abilities.”
Buckley represents and has represented private equity funds and portfolio
Deepbridge Capital, a tax-efficient investment manager and Enterprise Investment Scheme (EIS) provider, has exited its holding in iPipeline Holdings, with iPipeline being acquired by Florida tech-holding firm, Roper Technologies, for USD1.63 billion.
iPipeline is a provider of cloud-based software solutions to customers in the financial services and life industry.
Deepbridge was the initial EIS investor in Resonant Software Inc. which subsequently merged with iPipeline Holdings Inc. in 2017.
Deepbridge’s investors in Resonant Software Inc., and subsequently iPipeline Holdings Inc., will receive a return on investment of up to 3x.
Ian Warwick, Managing Partner at Deepbridge Capital, says:
Private equity investor CVC Funds is to acquire a minority stake in mobile marketing company ironSource for over USD400 million.
“As one of the world’s most respected private equity firms, CVC has a track record of successfully partnering with companies to drive global growth,” says Tomer Bar Zeev, CEO and Co-Founder of ironSource. “As such they are the perfect partner for this next phase in our journey, as we continue to scale internationally, engage with A-class partners and invest heavily in building out our offering for game developers.”
Profitable from almost day one, ironSource has grown rapidly since its
CBPE Capital is to invest in Centralis Group (Centralis), partnering with management to support the firm’s expansion plans. The terms of the transaction have not been disclosed.
Centralis offers a full range of corporate services (incorporation, corporate secretarial, accounting, management, tax compliance, payroll and HR activities), treasury services and debt administration services to its global client base. The company has established itself as a leading provider with the experience and expertise to provide a customer-centric and tailored service to its clients. The group, which employs almost 150 experienced professionals, is headquartered in Luxembourg, with offices in eight additional countries globally.
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