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A Northumberland business which has found a new way to deliver superfast broadband to remote sites has secured a GBP300,000 investment from the North East Venture Fund, supported by the European Regional Development Fund and managed by Mercia Fund Managers.
Trench Networks, which is based in Blyth, has developed a device which aggregates mobile phone signals from all major networks and combines them to achieve superfast broadband speeds. Its product, Outpost, was designed with construction firms in mind, which often work on outlying sites with no existing infrastructure.
Outpost provides instant access to internet and mobile communications without the
Resurgens Technology Partners (Resurgens), an Atlanta-based private equity firm focussed on investing in North American-based, lower middle-market software and tech-enabled services businesses, has closed its flagship fund at over USD200 million in total commitments, in excess of its target.
The fund’s limited partners include endowments, foundations, global asset managers, financial institutions and state and national pension plans.
Founded by Fred Sturgis, John Baumstark and Adi Filipovic, Resurgens focuses its investment strategy on ‘micro-tech’ buyouts, targeting niche-focussed, profitable enterprise technology companies. Having worked together over the past decade at two world-class private equity firms, the Resurgens team of investors and
MEDIAN, a portfolio company of Waterland Private Equity Investments since 2011 and Germany’s largest private operator of rehabilitation clinics, is acquiring the two clinics run by Kliniken Wied GmbH & Co in Wied and Steimel, in the region between Bonn and Koblenz.
The company is specialised in providing residential rehabilitation for addicts since 1974, a field that is one of MEDIAN’s main specialities. Kliniken Wied provides more than 210 hospital beds, managed by 166 employees. The focus is on residential and out-patient treatments for alcohol, medication and drug dependency, including the parallel treatment of somatic and psychosomatic diseases together with
QuadSAT, a drone-enabled antenna testing company, has closed its GBP700,000 seed round, led by the Danish Growth Fund, VF with participation from Seraphim Capital and existing investors.
The investment will enable QuadSAT to bring its innovative drone platform to the satellite communications industry, initially focusing on maritime and aeronautical applications. QuadSAT’s platform uses drone technology to test and calibrate satellite and VSAT antennas autonomously, mimicking an orbiting satellite that can simulate a ship or aircraft’s motion. This method enables highly accurate testing while drastically reducing downtime.
Having started as a University project, QuadSAT is an innovative startup company. Based
Bowmark Capital, a mid-market private equity firm, has appointed Simon Adcock as a partner and head of portfolio management.
Adcock brings over 20 years’ experience in corporate advisory and management roles and was previously senior portfolio director at Lloyds Development Capital. Prior to that, he was a partner and regional head of corporate advisory at Deloitte.
At Bowmark, he will be responsible for managing and developing the portfolio management and value creation function, which supports the strategic and operational development of the firm’s portfolio companies.
The appointment follows the closing of Bowmark Capital Partners VI, which reached its
Seldon, the machine learning deployment specialist, has closed a GBP2.7m seed funding round led by Amadeus Capital Partners alongside Global Brain Corporation, Techstars and other existing investors.
Seldon is a pioneering global technology business focused on the fast-growing machine intelligence market. Its open-source machine learning deployment platform makes it easier and quicker to manage, serve and optimise machine learning models at scale. The platform is built on cloud-native technologies such as Kubernetes.
Since its inception in 2014, Seldon has built a global community of loyal users who leverage their diverse industry backgrounds to provide validation and feedback. Seldon’s initial product offering,
Bain Capital Private Equity is to acquire a majority stake in Brillio, a global digital technology consulting and solutions company, to further scale its digital transformation offerings.
Brillio will continue to be led by the current management team, headed by Chief Executive Officer Raj Mamodia. Financial terms of the private transaction were not disclosed.
“We are honoured to collaborate with Bain Capital Private Equity as we continue to establish Brillio as the preferred transformation services partner for our customers. In order to realise our goal of being one of the world’s leading provider of digital solutions over the
Warren Equity Partners Manager (WEP) has held the final close of its private equity investment fund, Warren Equity Partners Fund II, and Warren Equity Partners Fund II-A (collectively WEP II) at its USD310 million hard cap.
WEP II held its first close in March 2018 and concluded marketing to new investors in September 2018. The final close of WEP II was held in December 2018. The oversubscribed fund includes commitments from a diverse group of new and returning investors including university endowments, pension funds, fund of funds, private foundations and family offices.
Founded in mid-2015 by Steven Wacaster, Scott
Optima Partners has appointed compliance industry veteran Portia Amato as a Director in the firm’s New York office.
Amato (pictured), brings nearly two decades of experience in providing compliance services for the investment management industry. In her new role, Amato will be responsible for maintaining client relationships and working with management to drive further growth for the firm, which has more than 500 clients including hedge funds, private equity and venture capital firms, broker dealers, and global banks.
Before joining Optima, she was a Compliance Officer at DRA Advisors, a New York-based investment advisory firm specialising in real estate
AVORA, an enterprise analytics platform powered by native machine learning technology, has raised USD6.5m (GBP5.1m) in a Series A funding round led by Albion VC and existing investor Crane.
A number of previous backers also followed on including Dr Steve Garnett, former Chairman EMEA Salesforce.com, and Stephen Kelly.
AVORA has already built an impressive client base, including Telefonica, OMD, NPR, HBO LatAm and Ocado. The UK start-up will use the funds raised to expand its leadership and sales teams, launch in the US market and continue to evolve its technology by enhancing its in-platform machine learning algorithms. The financing
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