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Independent Growth Finance (IGF), an independent asset-based lender, has secured significant new senior lending to facilitate its continued growth. The new funding comes as IGF continues to outperform its ambitious growth plans.
The senior finance facility is provided by RBS, British Business Investments (BBI), HSBC and ABN AMRO Commercial Finance. The funding will further enable IGF to provide working capital finance to growing SMEs. In the year to September 2018 IGF increased lending to UK SMEs by 70 per cent. In September IGF completed seven asset-based lending deals; a record month for the company.
The senior finance facility
Foresight Group has made a GBP2 million investment into Merseyside-based Fieldway Supplies Limited, a provider of fire alarm and electrical installation, maintenance and repair services to a wide range of public-sector bodies and companies across the North West.
Fieldway primarily services Housing Associations but also provides merchant services, compliance services, project management and shop fitting services to the retail and leisure industry.
Established by Brian Murphy in 2006 Fieldway has experienced strong organic growth in recent years and currently employs 35 engineers. Some of Fieldway’s best known customers include Transport for Greater Manchester, Onward Homes, Your Housing Group and
CVC Capital Partners’ Growth Fund (CVC) and GRO Capital (GRO) are to become the new majority shareholders of Omada A/S, a provider of Identity Governance and Administration (IGA) software and services, and will provide further capital to the company to accelerate growth.
CVC Growth Partners and GRO will partner with Omada’s management team to further accelerate Omada’s product innovation, grow its partner network in North America and Europe, enhance sales and marketing efforts, as well as continue expanding its strong position in Europe and building greater depth in the North American market.
Omada is headquartered in Copenhagen, Denmark, with
Private equity firm Vector Capital has provided a USD100 million second lien term loan to support the Permira Funds’ acquisition of Synamedia from Cisco.
Synamedia (formerly Cisco’s Service Provider Video Software Solutions business), is a leading video software solutions provider serving Cable, Telecom, Over-the-Top and Direct-to-Home operators. The business consists of NDS, which provides smartcards and software solutions for set top boxes, and IVP (Infinite Video Platform), which provides cloud access and video processing offerings.
Nick Ghoussaini, a Portfolio Manager at Vector Capital and co-head of the firm’s Credit Strategy, says: “Synamedia is the market leader in the dynamic
Gide has advised the Icicle group, a high-end Chinese fashion brand, on its buy-out of the luxury label Carven through its subsidiary in Paris.
As part of the deal, Icicle is acquiring the design house, its remaining four stores in France, and all employees. The eco-friendly fashion company, based in Shanghai, out-bid seven other contenders for the struggling French label, marking its third major investment in France after opening a design centre in 2013 and acquiring real estate last year for its upcoming flagship store in Paris.
Gide’s advice covered all aspects of the bid process, including structuring, legal
Sentinel Capital Partners (Sentinel), a private equity firm that invests in promising companies in the lower mid-market, has acquired Holley Performance Products (Holley), a specialist in branded performance products for automotive enthusiasts.
Sentinel acquired Holley from Lincolnshire Management, Inc. and will combine Holley with Driven Performance Brands (Driven), a platform acquired by Sentinel in 2015. Terms of the deal have not been disclosed.
Holley markets and manufactures a wide range of branded high-performance products including fuel injection systems, engine tuning and ignition solutions, carburettors, and exhaust systems. Holley’s portfolio includes leading brands such as Holley, Sniper EFI, MSD, Accel,
Glennmont Partners is to acquire Project Goudelancourt, a 16.8 MW wind farm located in Northern France. The wind farm was developed and is currently under construction by Enertrag, a leading German developer that has installed over 660 wind turbines.
The wind farm is powered by seven Nordex N117 turbines and has secured a long-term operation and maintenance agreement with a reputable counterparty. The project has entered into a Power Purchase Agreement with EDF and benefits from a 15-year contract for difference tariff. ENERTRAG, as major service provider for technical management and maintenance across Europe with 1,400 turbines in its client
The world’s first space security token has been announced at the Zurich Crypto Summit, by SpaceFund Inc, a Texas-based venture capital firm focussed on using new blockchain technology to fund ‘frontier enabling’ space startups.
“SpaceFund’s goal is to support the development and profitability of amazing new space startups around the world,” says Rick Tumlinson, founding partner of SpaceFund. “With Jeff Bezos, Elon Musk, and others investing billions into a space economic infrastructure, a revolution is underway in space. We want to allow more visionary people to get involved, to support the entrepreneurs opening space to humanity, and to share in
An affiliate of middle-market private equity firm Gemspring Capital has completed an investment in Fiesta Insurance Franchise Corporation (Fiesta), a specialist in the markets for non-standard auto insurance and tax preparation services.
Fiesta targets traditionally underserved Hispanic communities by empowering “Latinos serving Latinos” through its franchise business model. The Company has over 70 franchisees operating approximately 200 retail stores in nine states and was the highest ranked insurance franchising opportunity on Entrepreneur’s 2018 Franchise 500 list. Fiesta has grown rapidly as a result of the value it delivers to both franchisees and the over 50 insurance carriers and MGAs with
Covercraft Industries has acquired Carver Industries, a manufacturer of premium-quality, custom-fit and semi-custom fit protective covers for the marine industry.
This latest acquisition enhances Covercraft’s world-leading pattern library and expands the company’s assortment of custom-fit vehicle protection products.
Based in South Carolina, Carver Industries produces a wide array of boat covers, bimini tops, canoe and kayak covers as well as various ATV and UTV covers. Carver’s products are currently available through local marine dealers and internet retailers with distribution throughout the US, Canada, the Caribbean and Europe.
“We’re excited to be joining the Covercraft family and bringing Carver’s
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