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Elastic Path, a specialist in enterprise headless commerce solutions, has closed a USD43 million Series B growth investment, led by Sageview Capital and with participation from current investors, Yaletown Partners and BDC Venture Capital.
The company has now raised a total of over USD63 million.
“Sageview provides highly complementary strategic and industry knowledge to our investor base. We look forward to leveraging the firm’s domain expertise, resources and shared vision to support Elastic Path’s goals for product evolution and market expansion,” says Harry Chemko, CEO of Elastic Path.”
Increased company momentum, including recent European customer wins such
A Hull healthtech start-up which has developed an award-winning device to enhance mental wellbeing has secured a GBP200,000 investment from NPIF-Mercia Equity Finance, which is managed by Mercia Fund Managers and is part of the Northern Powerhouse Investment Fund.
Moodbeam’s wearable device allows users to log their mood and monitor their emotional wellbeing – or that of their children, students, patients or employees. The device, which links to an online and mobile platform, gives insights into how moods change over time, showing patterns and trends that can support positive change. The funding will allow the business to put the device
Private capital has been vital in working alongside governments and other investors to help close the Africa’s infrastructure gap, according to the third edition of the African Private Equity and Venture Capital Association’s (AVCA) Sector Snapshot: Infrastructure.
The report states that 97 PE infrastructure deals worth USD12.1bn were reported between 2012 and 2017, with infrastructure being identified by African LPs as the most attractive sector for PE investment in Africa over the next three years.
The Snapshot confirms that infrastructure remains an attractive opportunity, as seen through the increase in the number of deals and fundraising activities in this
Funds advised by private equity firm Apax Partners have received a binding offer and have entered into exclusive discussions to sell Azelis to the EQT VIII fund and PSP Investments.
The transaction, which is subject to regulatory approvals, and other conditions including consultation with employee representatives, is expected to close in the fourth quarter of 2018. Financial terms were not disclosed.
Established in 2001, Azelis is a leading global specialty chemicals and food ingredients distributor providing a diverse range of products and innovative services to more than 43,000 customers in over 40 countries worldwide. Azelis provides a high value-add
Assetz Capital’s first ever rate rise saw investors add around GBP10 million to their Access Accounts in the first month.
The peer-to-peer business lender moved target interest rates for the Quick Access Account and 30-Day Access Account from 3.75 per cent to 4.10 per cent and from 4.25 per cent to 5.10 per cent respectively. The rate increase was announced on 16th May 2018 but was effective from 1 May 2018.
The increase in investment was across both ISA-wrapped and non-ISA accounts and has helped the ISA approach GBP50 million of investment in its first six months since launch.
Stuart
Platinum Equity is to sell Worldwide Flight Services (WFS) to affiliates of Cerberus Capital Management, in a transaction valued at approximately EUR1.2 billion. The sale is expected to close during Q4 2018, subject to regulatory approval and certain closing conditions.
Since Platinum Equity acquired the company in 2015, WFS has grown significantly, both organically and through a transformative add-on acquisition, and is now the world’s largest air cargo handler and one of the world’s leading providers of ground handling and technical services, with annual revenues of more than EUR1.2 billion.
“Through a combination of growth and operational initiatives, WFS
North Shore InnoVentures (NSIV) has appointed Chris Ilsley to CEO and President. Ilsley joins as the non-profit technology business sector incubator organisation reaches the 10-year mark, capping a year of growth and expansion.
Ilsley spent a career driving innovation and entrepreneurship in areas ranging from biotech and cleantech to big data and has previously connected the New England region with the United Kingdom as the Head of Science and Innovation with the office of the British Consulate-General in Boston.
“Innovation is something this whole region excels at, it’s not just about Kendall Square and Boston. The talent pool is all
Micrima, a Bristol-based breast imaging company, has raised GBP4.4 million in additional equity funding led by Technology Venture Partners, The Angel CoFund(ACF), and Venture Founders – plus a group of returning and new individual investors – bringing the total amount raised to GBP10.7 million.
Roy Johnson, Micrima’s Executive Chairman, says: “I am very happy to announce the completion of our latest funding round, which provides us with the capital we need to move our initial MARIA product into full commercial launch and follow this swiftly with the enhanced functionality that the system is capable of achieving. The market has been prepared over the past
Private equity firm Grain Management has appointed Edith Cooper and Virgis Colbert as Senior Advisors.
“Edith is an exceptional executive and brings more than 20 years of experience from Goldman Sachs with particular competence in human capital development. Her wealth of experience and excellent judgement will help Grain extend the winning culture we are building,” says David Grain, Founder and CEO of Grain Management. “We look forward to expanding our team with the benefits of her knowledge and expertise.”
At Goldman Sachs, Cooper served as the Global Head of Human Capital Management and oversaw the recruitment, development and well-being
UK private equity firm Maven Capital Partners (Maven) has strengthened its Midlands team with the appointment of senior investment specialists Chris Rogers, Richard Altoft and Graham Hall.
Based in Birmingham, Rogers has responsibility for new MEIF investments and will work closely with investee companies throughout Worcestershire. Rogers joins Maven after a 22-year career in commercial banking with RBS, as a Senior Relationship Manager, providing structural guidance and financial analysis to SMEs.
Working across Greater Lincolnshire, Altoft has joined Maven following a long career in banking, most recently as Corporate Manager at Handelsbanken, where he was responsible for building relationships
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