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Independent fund and corporate services provider, the Aztec Group, has been selected to administer the Jersey-based VLC Renewables Fund.
VLC Renewables will invest in European renewable generation projects. Primarily focused on onshore and offshore wind energy, it will target projects at various stages of the development cycle, including late stage development, construction and operation.
The fund, which builds on Low Carbon’s considerable expertise in renewables, has an initial EUR200 million commitment from Vitol and investment opportunities may be offered to third parties.
Having supported with the set-up and establishment of the Fund, including its incorporation and relevant regulatory
Parabellum Capital portfolio company Parseq, an international business process outsourcing firm, has sold its contact centre division to Scotland-based customer services outsourcer, Kura Group.
The terms of the sale, which follows a successful turnaround of the business led by its Executive Chairman and CEO Rami Cassis, are undisclosed, but the deal creates significant value for shareholders.
Parseq’s Finance and Administration division, which is Parseq’s historic core business, will continue to operate from its existing site at Hellaby, Yorkshire.
Parseq was originally founded by Mr Cassis as Documetric in 2007, following the buyout of Atos Origin’s payment processing division
Maven Capital Partners (Maven), has provided Serene Furnishings Limited (Serene Furnishings), one of the UK’s leading furniture wholesalers, with a GBP250,000 injection from its MEIF WM Debt Fund, supported by an additional GBP250,000 of funding from HSBC.
This investment is to support the firm’s ambitious growth strategy, focused on diversifying its product portfolio, upgrading IT systems and creating three new jobs at its West Bromwich site.
Established in 2005, Serene Furnishing has in recent years expanded its offering from the original core business of supplying bedroom furniture to now include a broader range of living room products. A process
StorCentric, a newly formed customer-centric storage solutions company, is to acquire Drobo, a prosumer and SMB storage solution provider, and Nexsan, a specialist in enterprise storage solutions.
Following the acquisitions, StorCentric will have a combined track record of over 450,000 storage products sold to individuals, SMBs and enterprise customers, and will have received over 100 awards for excellence in the storage industry. The company will have over 150 employees across locations in North America, Europe and Asia, and it says its product portfolio will offer ‘world class products, IP, and talent focused on helping customers scale their businesses while accessing,
MaaS Global, a Mobility-as-a-Service operator, has secured EUR9 million in its latest funding round.
MaaS Global’s Whim mobility service currently operates in Helsinki region in Finland, West Midlands in UK and Antwerp in Belgium.
MaaS Global wants to globally revolutionise the way people move. The Whim app is the world’s first mobility service which allows users to book and pay for all mobility services in one app for one monthly fee – public transport, taxis, rental cars, and other options.
“We are extremely happy that we have been able to prove the MaaS concept really works. Our investors
An affiliate of New Water Capital, a Boca Raton-based private equity firm focused on lower-middle market companies, has acquired Trillium Health Care Products, a contract manufacturer of category-leading OTC products for some of the world’s top pharmaceutical companies.
Based in Brockville, Ontario, Trillium has built a reputation in the pharmaceutical industry for its focus on quality and technical expertise in short and medium production runs across three dosage forms: liquid, solid and semi-solid. The existing Trillium executive team will continue to manage the company, with General Manager Jay Webb taking on the role of President.
“Trillium’s long-standing customer relationships
Noerr has advised DBAG Expansion Capital Fund, which is advised by Deutsche Beteiligungs AG (DBAG), on its investment in the operative business of BTV braun teleCom AG (BTV). BTV group is a well-known provider of equipment and services for broadband communication.
By way of a management buy-out, DBAG Expansion Capital Fund has acquired the majority shareholding in four operating companies of BTV group. Seller is the company founder and shareholder Thomas Braun, who has sold the shares as part of succession arrangements and will continue to be in charge of managing the company. The parties have agreed not to disclose
Finn O’Driscoll is to step down as chief executive of private equity-backed soft drinks manufacturer Clearly Drinks, following a period of exceptional growth at the Sunderland-based business.
Since joining the company in February 2016, Finn has overseen considerable expansion for Clearly Drinks. Bolstered by the signing of numerous major contracts with high street retailers and supermarkets, the company has seen double-digit turnover growth in each of the last two years, with the business now producing in excess of 85 million bottles per year.
Finn was also integral in helping the business secure investment from private equity house NorthEdge Capital
Sverica Capital Management has acquired a majority interest in Gener8. The investment marks Sverica’s sixth investment from its fourth fund.
Based in Sunnyvale, CA, Gener8 designs and manufactures life science instrumentation, complex clinical devices as well as advanced industrial systems, leveraging expertise in microfluidics, optics, electronics and embedded systems. Its capabilities include end-to-end design, development, prototype and low-to-medium volume manufacturing.
David Klein, founder and CEO, says: “Gener8 has independently grown to be a significant player in the technology design, engineering and manufacturing space, but in partnership with Sverica, and the associated experience and capital they bring, Gener8 will be
Mario R Masrieh has rejoined Gridiron Capital as a Vice President having completed his MBA at Columbia Business School.
Masrieh previously worked at Gridiron Capital as an Associate from 2014 to 2016 before pursuing his MBA. Masrieh has a strong finance and investment background including performing in-depth analysis and due diligence for prospective acquisitions and has participated in the structuring, negotiation, financing, and closing of portfolio investments.
Tom Burger, Co-Founder and Managing Partner at Gridiron Capital, says: “We have missed Mario and are happy to have him back with us. He was a hardworking and valued contributor to the Team while
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