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Cleveland-based Predictive Service (Predictive) has merged with Align Capital-backed Lewellyn Technology (Lewellyn). ACP acquired a majority stake in Lewellyn last November.
This new combination creates a predictive maintenance, safety, and repair services platform designed to reduce operating costs, improve equipment utilisation, and ensure safety for customers worldwide.
At the centre of Predictive’s enterprise asset management solution is the company’s proprietary ViewPoint software that provides data collection, analysis, and decision-making functionality for customers’ maintenance and repair needs. It allows plant managers to not only prevent equipment failure, but also manage energy and cost savings initiatives in real time. Predictive CEO
Private equity firm Aretex Capital Partners (Aretex) has invested in Building Energy 1 Holdings (Building Energy) through its inaugural fund. Building Energy is a global independent power producer of renewable energy.
Building Energy is the third investment for Aretex since its inception in 2018. Aretex has acquired the stake from ZZ Capital, whose investment in Building Energy was sourced and led by Sergio D’Angelo and Andrew Feller while they were partners at ZZ Capital International, leading the European and North American operations respectively.
Building Energy has enjoyed significant growth in the past year, having increased its power production capacity
Gide has advised Launchmetrics, the company resulting from the merger between Augure and Fashion GPS in 2016, on a USD50-million funding round led by Bpifrance’s Large Venture fund, with participation from Seventure, the Courtin-Clarins family, and German fund Cipio Partners.
Gide’s team was headed by partner David-James Sebag, working with associates Pauline Schaeffer and Hélène Thomelin on all aspects of the operation both in France and the United States.
Gide also worked with the New York office of firm Latham & Watkins on US aspects, with a team comprising partner David Concannon and associate Eric Broad.
The new
Macfarlanes has advised founder, Mark Locke, and the management team on the sale of Genius Sports Group to Apax. Genius Sports Group, which was founded in 2000, is a global leader in sports data technology.
The company’s software is used by over 300 sporting bodies around the world to collect and distribute in-game statistics. It also offers a full suite of services to enable the likes of Major League Baseball, the English Premier League and the PGA TOUR to identify, combat and prevent betting-related corruption. Through Betgenius, its sports betting division, the technology is also used by over 150 licensed sportsbook
Sovereign Capital Partners, a UK private equity buy & build specialist, has backed the management buy-out of Asset Control, a provider of financial data management software to banks and other financial institutions.
The business is headquartered in London and has offices in the US, Singapore and the Netherlands.
The investment comes as several trends have combined: regulatory and business demands for superior information provision, a greater reliance and need for specialist technology provision and an environment where clients are increasing their need for data to unlock more business value. Asset Control, with a blue-chip client base, is well-positioned to
Verdane has invested SEK150 million in Inovia, one of Sweden’s leading providers of big data and AI solutions.
Inovia has developed a strong set of AI tools and frameworks, including an AI based virtual assistants (AIVA) and the Voice to Text application for Swedish. With Verdane’s investment, Inovia plans to accelerate the development and commercialisation of AI products and solutions and position the company for expansion to other Nordic countries.
“We have experienced an increasing interest in our services, solutions and products as more and more companies realise the opportunities with AI. Whether it’s automating customer service, improving health
On the 10-year anniversary of the Lehman Brothers collapse, Jens Hagendorff, Professor of Finance at the University of Edinburgh Business School, explains why low levels of bank capital mean the financial system is still vulnerable…
The Lehman bankruptcy almost sent the global financial system into meltdown and 10 years on, it remains vulnerable. Increasing bond spreads in Italy, jitters in emerging markets, and the low market valuations of European banks show today’s investors are nervous.
Equity capital is the most effective absorber of bank losses. Since the Lehman collapse and the crisis that followed, many banks have increased their equity
Mayer Brown’s Private Equity team has advised Francisco Partners on the acquisition of ByBox, an international software and supply chain management company, for a purchase price of approximately GBP221 million.
ByBox provides smart-locker technology and field service solutions that improve the efficiency of supply chains across a range of sectors. Headquartered in Oxford, UK, the company employs over 500 employees with a presence in over 20 countries worldwide.
Francisco Partners is a leading global private equity firm that specialises in investments in technology and technology-enabled businesses. Since its launch over 18 years ago, Francisco Partners has raised over
Singapore-based SME financing platform Validus Capital (Validus) has surpassed over USD120 million in funding for local SMEs and businesses through its platform.
The company has financed more than 1,600 loans to date, each of which was approved almost instantly (under 24 hours). The average amount funded per request is USD70,000, with a high degree of diversification across various industry classes.
Much of the company’s growth is in tandem with Singapore SMEs’ increased need for growth capital, with a financing gap of around USD20 billion. Established in 2015, Validus offers access to financing from accredited individual and institutional lenders.
Pengana Capital Group Limited is working on plans for an ASX listed investment trust that will invest in global private equity next year.
It is proposed that the Trust will provide investors with exposure to a diversified portfolio of private equity investments, including funds, secondaries, directs, co-investments and other opportunistic strategies. This would be Australia’s first global private equity listed investment trust.
PCG is working with Grosvenor Capital Management (GCM), who would be responsible for selecting the investments for the Trust and constructing the portfolio. GCM is a global alternative asset manager based in Chicago and, together with its
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