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Authenticate, a Harrogate-based company whose technology platform is transforming the way food businesses manage their supply chain has secured a new funding round of GBP2.3 million, which includes GBP1.5 million from the Northern Powerhouse Investment Fund and the remainder from existing shareholders including Summit Alpha.
The investment in Authenticate Information Systems was led by NPIF – Mercia Equity Finance, which is managed by Mercia Fund Managers and is part of the Northern Powerhouse Investment Fund. It will allow the company to double the size of its software and data research teams, creating 10 new jobs in Harrogate.
Authenticate was
US law frm Akerman has opened new offices in Atlanta and Winston-Salem, North Carolina, marking the establishment of the firm’s 24th and 25th offices within seven months.
The expansion is part of a national growth strategy to meet increasing client demand in major financial and business centers across the United States and in areas of core strength.
Akerman is expanding its presence in Atlanta with the addition of Corporate Practice Group Partners R William “Bill” Ide and Amanda Leech. Ide and Leech bring robust transactional and governance experience, having represented numerous large corporations, Fortune 100 companies, and boards of directors
Pemberton, a diversified asset manager backed by Legal & General Group, has opened an office in Copenhagen, Denmark.
Pemberton’s pan-European network now spans eight locations across Europe, also including London, Amsterdam, Frankfurt, Madrid, Milan, Luxembourg and Paris.
The opening comes at a time of increased investment opportunities in the Nordics region for the firm and will reinforce Pemberton’s relationship with investors, local borrowers, and the local private equity and financial community.
As part of the opening, Victor Kihlgren, Director – Nordics at Pemberton, will be moving to Copenhagen. Victor joined Pemberton’s London office in 2016 and is responsible
Lee Equity Partners (Lee Equity), a growth oriented middle market private equity firm, is to acquire a majority ownership interest in K2 Insurance Services, (K2),a specialty insurance services holding company, which owns and controls a diverse group of managing general agents (MGAs) serving the specialty property and casualty industry.
K2’s experienced senior management team, under the leadership of Bob Kimmel, President and CEO, will continue to lead the company and will retain a meaningful equity stake in the business. As part of the transaction, K2’s specialty insurance carrier, Aegis Security Insurance Company, will be spun off and remain under the
Asset manager CITIC Capital Holdings (CITIC Capital), an affiliate of Chinese conglomerate CITIC Group,has mde an investment in has reached an agreement for an investment in Cityneon Holdings (Cityneon).
CITIC Capital has over USD25 billion of assets under management across 100 funds and investment products globally. Some of its landmark investments include McDonald’s franchisee business in mainland China and Hong Kong, and China’s largest privately-owned logistics service provider SF Express.
Cityneon Executive Chairman & Group CEO Ron Tan, says: “We are honoured and excited to have a strong and strategic partner like CITIC Capital. This is a testament to
After a bustling 2018, Q1 European PE deal activity softened, but several GPs seized opportunities to take companies private in the lower-priced public equity environment, according to the latest edition of PitchBook’s European PE Breakdown report.
As well as highlighting a significant increase in software buyouts during the quarter’s, which accounted for 15.4 per cent of all deals – nearly triple 2014’s full-year total – this edition of the report also spotlights the quarter’s take-private buyouts and imminent structural shifts within private equity will likely see the strategy gain favour among investors.
In addition, PitchBook’s analysts expand on the continent’s
ETF Partners, Inventure, KPN Ventures, TESI (Finnish Industry Investment) and Vito Ventures have invested EUR14.4 million in Wirepas, a Finnish software company that has built a wireless connectivity platform solving the major challenges of the Industrial Internet of Things (IIoT) and enabling broad adoption of Massive IoT.
The additional funding, including the participation of existing investors, takes the total investment in Wirepas to EUR22 million.
“I am delighted to have Tesi and KPN Ventures joining as Wirepas investors and board observers. It is now clear that massive IoT networks are at the breakout phase and mesh networking from Wirepas is
Challenge TRG Group – a logistics recruitment and distribution company – has acquired training specialist, Phoenix Training Services, as it looks to tackle the HGV driver skills shortage in the UK.
The company, which recently rebranded from Challenge Group following the acquisition of TRG Logistics earlier this month, completed the undisclosed deal of the Birmingham-based company, taking its overall turnover to GBP120 million. As part of the acquisition, founder and director, Trevor Cox, will remain in the business as a non-executive director, with operations director, Simon Bladon, who worked at Staffline Recruitment for 12 years, also moving over to Challenge
Triple Point has announced nearly GBP1 million of funding to back the two latest companies in the firm’s Impact EIS Investment Fund.
The fund targets fast-growing companies in the health, environment, youth and inequality sectors that are having a positive social impact, and are expected to generate significant capital growth.
The Impact EIS fund has invested GBP525,000 in GripAble, a company that has developed a digital hand grip to help rehabilitation for people living with a range of upper limb impairments, and GBP400,000 in We Are Digital (WaD), a digital and financial training provider, targeting the estimated 3 million people
Osmosis Investment Management, a sustainable investment specialist with USD1.5 billion in client assets, has closed a significant equity investment from the Oxford Endowment Fund.
The fresh injection of capital into the sustainable investment firm is a further endorsement of Osmosis’s systematic investment approach which targets superior risk-adjusted returns from companies that display strong resource efficiency metrics. A non-targeted, natural outcome of the approach is a significant reduction in the environmental footprints of the funds and strategies relative to their respective benchmarks.
This strategic equity investment is growth capital, which Osmosis will deploy to deepen the firm’s portfolio management, research and
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