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Camel-IDS, a VUB spin-off company developing cancer-targeted radio-pharmaceuticals, has secured EUR37 million in a Series A investment round led by V-Bio Ventures (Belgium) and Gimv (Belgium), joined by the co- lead investors HealthCap (Sweden), Novo Seeds (Denmark), Pontifax (Israel) and BioMedPartners (Switzerland). Existing investors also participated.
The proceeds will enable Camel-IDS to run a phase Ib/II trial with its lead program CAM-H2 targeting HER2-positive brain metastatic breast cancer, while further progressing and broadening its preclinical pipeline.
Breast cancer patients with tumours that over-express HER2, a growth-promoting protein, can benefit from effective targeted treatments today, yet have a poor prognosis when
Jet Investment has closed its second fund Jet 2 with CZK4 billion in capital commitments from making it the largest private equity fund in the Czech Republic open to a broader range of investors.
The investment horizon of the fund is set from eight to ten years, with the funds raised set to be invested in private companies, particularly in the industrial sector in the Central and Eastern European region.
Over 160 private investors, family investment companies and financial institutions such as banks, insurance companies and international asset managers made commitments to the fund. Jet Investment partners have committed
NOXXON Pharma, a biotechnology company focussed on improving cancer treatments by targeting the tumour microenvironment (TME), has secured an equity capital raise totalling EUR6.2 million, including USD5 million committed by lead investor, Acuitas Capital, LLC, a US based family office.
This equity capital raise meets the criteria to end YA II PN’s (Yorkville) ability to invest in NOXXON via the variable rate equity vehicle without the consent of NOXXON. Additionally, NOXXON has contractually committed not to use Yorkville or any other variable rate vehicles for two years, by which time the ability to pull tranches from the Yorkville vehicle will
Law firm Reed Smith has appointed Julia Zhu-Morelli as a partner in the Global Corporate Group in Los Angeles. Previously a partner with Squire Patton Boggs, Zhu-Morelli brings extensive experience in transactional matters with Chinese and US companies across a wide range of industries.
“Julia will add depth to our corporate offerings on the West Coast and in China, where she has significant relationships and cross-border transactional experience with companies in the telecommunication, automotive, aviation, health care, pharmaceutical, technology, energy and financial services industries,” says Matthew Petersen, co-chair of the Reed Smith Global Corporate Group. “Julia’s sophisticated, cross-border transactional practice
Swander Pace Capital, a private equity firm specialising in investments in consumer products companies, has acquired Bäckerhaus Veit, a producer of artisan, European-style breads, rolls, buns and soft pretzel products for top-tier retail and foodservice customers across North America.
Founded in 1987 by award-winning entrepreneur and CEO Sabine Veit, Bäckerhaus Veit draws on more than 90 years of family heritage in the baking industry, dating back to Veit’s family roots in the Stuttgart region of Germany.
Under Veit’s leadership, the company has grown from serving a handful of Toronto-area retail locations to becoming North America’s signature bakery of the
Prestige Funds is to launch a new direct lending fund focusing on agricultural and SME businesses in both the United Kingdom and the Republic of Ireland.
Called Prime Alternative Finance (PRIME), it will launch in November to external investors as a Luxembourg based, SICAV SIF operating with monthly liquidity and managed by Prestige Capital Management in Malta.
PRIME is the first direct lending fund to be launched by Prestige that will have the mandate to invest in the Republic of Ireland as well as the United Kingdom. Prestige’s existing direct lending funds have focused entirely on the UK to
Xpress Wellness Urgent Care (Xpress) has received an investment from Latticework Capital Management (LCM), a Dallas-based growth-oriented private equity firm focussed exclusively on the healthcare industry.
Financial terms of the transaction have not been disclosed.
Founded in 2013, Xpress Wellness Urgent Care operates walk-in clinics to treat non-life-threatening injuries and illnesses. In addition to urgent care, the company provides a number of services to paediatric and adult patients, including primary care, workers’ compensation services, occupational medicine and sports medicine. Xpress urgent care facilities are certified and accredited by the Urgent Care Association (UCA). The company employs approximately 130 professionals
Private equity firm HIG Capital (HIG) has sold its portfolio company Constructive Media (CM) to Sandbox & Co (Sandbox) on behalf of Figjam Group Ltd.
Established over 20 years ago, CM is one of the largest digital media platforms at the intersection of education and casual gaming. The Company has curated and developed a large selection of highly entertaining thinking games across a range of genres and age groups for desktop and mobile. With its unique mix of “edutainment” content, CM has become one of the most trusted and popular brands on the internet with over 400 million users across
Getronics, a global IT services group, has launched a new technology and IT services division focussed exclusively on meeting the needs of private equity and investment banking communities seeking to unlock or create new value from companies.
Getronics’ new Investment Services Group (ISG) will provide a one-stop IT shop for investors, spanning pre-transaction audit, initial integration, transformation and managed service/IT outsourcing propositions from Getronics’ core IT platform.
Pre-acquisition, ISG will leverage Getronics’ deep expertise to complement the due diligence activities of PE firms, auditing target companies for their value-creation potential: digital transformation expertise will help PE companies understand the
An online marketplace for photographers has secured a GBP500,000 investment from venture capital fund Fuel Ventures, after launching its new platform in March this year.
Perfocal.com was founded by entrepreneur and former photographer Tony Xu. Since then it has delivered more than 100,000 images.
The company connects customers with local professional photographers, matching them based on requirements, experience and location. The UK photography industry is estimated to be worth around GBP2 billion, however it’s highly fragmented with freelancers accounting for more than 90 per cent of professional photographers. This can make it difficult for customers to find, compare and
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