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ARX Equity Partners (ARX) has completed the majority acquisition of TMX Mobile Solutions (TMX), a Hungary-based mobile device repair business on track to generate a revenue stream of over EUR40 million in 2018.
Going forward, ARX will partner with the company’s senior management, who retain a significant minority stake as part of the deal. The value of the acquisition, which was completed on 2 July, has not been disclosed.
TMX employs over 400 skilled staff, who deliver a service-offering comprised of physical repair, logistics and refurbishment of mobile phones. They repair approximately 500,000 mobile devices annually for B2B customers
International payments company Airwallex has completed its Series B fundraising. The company has now secured USUSD80 million in outside investment, taking their total fundraising to USD102 million.
In this round, returning Series A investors Tencent and Sequoia China were joined by fellow China based Hillhouse, Sir Ka-Shing Li’s Horizons Ventures from Hong Kong, Indonesia’s Central Capital Ventura (BCA) and Australia’s Square Peg, with whom Airwallex partnered in December for USUSD6m Series A+ funding.
The new funding will be used to expand operations globally, with particular focus in South East Asia to deliver on what Airwallex has coined the
Recover Nordic, a provider of damage control, emergency response and environmental services, and portfolio company for private equity firm Agilitas, has made four further strategic add-on acquisitions, bringing the total number of add-ons to fourteen since Agilitas acquired the group in 2013.
The combined revenues from the acquisitions increase Recover Nordic’s revenues by over NOK150 million to a group figure of NOK2.3 billion. The combined group will employ 1,700 employees across about 80 locations in the Nordics.
In Denmark, Recover Nordic has acquired Sydslam A/S, a leading Danish provider of environmental services and industrial cleaning. The acquisition will expand Recover
Law firm Paul Hastings has represented new client Abry Partners II, a media, communications, business and information services focused private equity investment firm, on its recommended voluntary cash offer to acquire all shares in LINK Mobility Group ASA at an offer price that values Link Mobility Group ASA at NOK3,396 million (EUR357 million).
The firm won Abry as a client with the arrival of relationship partner Anu Balasubramanian from DLA Piper in June 2018.
LINK Mobility is one of Europe’s leading mobile communication providers, specialising in mobile messaging services, mobile solutions and mobile intelligence.
Alongside Balasubramanian, the Paul Hastings team included
Accountancy and business advisory firm BDO LLP has appointed a new partner to join its M&A advisory team in London.
Gurpal Ahluwalia will lead on commercial due diligence in the healthcare and life sciences sectors, as well as focusing on growth strategy projects. He joins BDO following four years at KPMG and prior to that, the Boston Consulting Group.
Gurpal qualified as a Doctor in 2002, specialising in cardiothoracic surgery at a number of leading NHS hospitals. Throughout his varied career, he has been responsible for project delivery across a range of sectors including med-tech, pharma, healthcare and social
SaleCycle, a high-growth behavioural marketing business whose clients include Tommy Hilfiger and Nike, has received a GBP11.5 million investment from BGF to further scale its operations.
The business, headquartered at Rainton Bridge in the North East of England, will use the funding to open two new international offices, in Japan and New York, and roll-out major advancements to its technology platform.
Founded in 2011 by CEO Dominic Edmunds with the support of angel investors, SaleCycle helps online retailers to increase conversion rates, recover abandoned sales, gain visitor insights and drive customer loyalty through a sophisticated software platform and email
Cairngorm Capital has acquired Rembrand Timber Limited and is merging it with its existing portfolio company, Thornbridge.
Thornbridge and Rembrand are the two of the largest independent timber processing and distribution companies. Together with NYTimber (acquired by Thornbridge in February 2018), they will create a leading independent timber distribution company in Scotland and the North of England. The group has 35 branches, 28 of which are in Scotland, with revenues exceeding GBP100 million and over 600 employees.
Established in 1982 and headquartered in Dundee, Rembrand is an importer, manufacturer and distributor of timber. It has two manufacturing sites and
Warburg Pincus has exited its investment in Blue Yonder, a specialist in AI solutions for the retail sector, through the sale of the company to JDA Software.
This acquisition reflects the increasing importance of connecting intelligent data and insights to enable more profitable, Autonomous Supply ChainTM decisions and optimised customer experiences. It builds on JDA’s strategy of developing cognitive and connected solutions to power digital transformations for companies seeking to create a competitive advantage for their supply chains. The acquisition is subject to competition agency approval.
Blue Yonder enables companies to take a transformative approach to their core processes,
Law firm White & Case has expanded its Global Mergers & Acquisitions Practice and Global Private Equity Industry Group with the addition of Emmie Jones as a partner in London.
“London is the world’s second largest legal market and, as White & Case continues to grow in line with our 2020 strategy, we’re focused on building a leading private equity practice in London,” says White & Case partner John Reiss, Head of the Firm’s Global Mergers & Acquisitions Practice. “The addition of Emmie sends a clear message to the market that we’re determined to continue growing our role advising the
Renewables and natural gas replacing coal and nuclear to power industry, transportation and homes is arguably one of the most important structural transformations in global energy infrastructure.
This is being driven by government policies and increased awareness among institutional investors for sustainable and environmentally friendly investments. Within the infrastructure space, that means reducing reliance on coal fired power stations, continued decommissioning of nuclear power stations, and a further commitment to investing in renewable energy sources.
With the significant cost decreases of renewables combined with the globalisation of natural gas, the economics are looking highly favourable for long-term infrastructure investors: according
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