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North West UK-based Mowgli Street Food, an Indian restaurant street food chain, has successfully secured GBP3.45m in expansion funding from Foresight Group, an independent infrastructure, private equity and investment manager.
The M&A and private equity team at audit, tax and consulting firm RSM advised Mowgli Street Food.
Founded by Nisha Katona in Liverpool in 2014, Mowgli Street Food is a chain of Indian street food restaurants with sites in Bold Street and Water Street in Liverpool and at the Corn Exchange in Manchester.
The funding secured from Foresight will support the business’s roll-out of restaurants across the UK,
Octopus Ventures has added Priscila Bala, former Director of the Mentor Network at the Yale Entrepreneurial Institute, to the team in the firm’s New York office.
Bala will work hand-in-hand with the firm’s London team and play a crucial role in supporting its existing portfolio scope, test and enter the US market as effectively as possible.
Bala has a wide variety of experience working in investment banking, consulting, fundraising and business development. Prior to joining Octopus Ventures she served as Director of the Mentor Network at the Yale Entrepreneurial Institute where she was responsible for connecting ventures to experienced advisers as
In the face of costly regulation and a low margin environment, asset managers are increasingly recognising the need to overhaul the current industry model in order to stay profitable, according to a new survey by Multifonds.
The investment software and fund accounting firm’s Every Fund Survey 2017, conducted among more than 200 professionals in the global asset management industry, found that disruption in the industry may now be inevitable after almost two thirds (65 per cent) of asset managers believe profitability will decrease in the next 12 months. As a result, more than nine in 10 (92 per cent) respondents
EnviroVac Holdings, LLC (“EnviroVac,” or the “Company”), a leading provider of mission-critical cleaning and maintenance services, and Audax Private Equity (Audax) has acquired cleaning and maintenance services provider EnviroVac from RLJ Equity Partners.
EnviroVac, headquartered in Savannah, GA, utilises a state-of-the-art fleet of highly technical, innovative, and specialised equipment to perform a broad suite of complementary, high-value added services, ranging from routine cleaning to plant outages. The Company often serves as an in-house provider with embedded equipment and personnel on-site at customer facilities. Led by a veteran management team, EnviroVac is differentiated by its dedication to the highest safety standards,
Creathor Venture is leading a financing round for Helsinki, Finland-based Blueprint Genetics, a provider of clinical genetic testing for the diagnosis of inherited diseases, leveraging a proprietary AI-enabled sequencing and interpretation platform.
The start-up will receive a total of up to EUR14 million from an international syndicate of investors including new investor MedTech Innovation Partners (MTIP), and existing investors Inventure and Pontos Group.
Blueprint covers the entire workflow from patient sample to automated clinical interpretation of the results provided in a ready-to-use report, using CLINT, its artificial intelligence platform, together with its proprietary targeted sequencing technology, OS-Seq, developed at
Foresight Group has made a GBP2.25 million growth capital investment in Cinelabs International on behalf of Foresight VCT.
Cinelabs is a leading post-production service provider to content creators and owners, with special expertise in film. Led by industry veterans Adrian Bull and John Mahtani, Cinelabs offers a full suite of services from film processing, scanning and distribution to digitisation, restoration and archive management of film and video content. The team’s reputation for quality and service draws customers from across the globe while the business experiences fast growth.
In the last 12 months the company has worked on a number
European SME lender iwoca, and Italy’s Intesa Sanpaolo, are partnering to provide Intesa’s SME clients with new credit products to bridge the funding gap and support growth.
The partnership will leverage iwoca’s market leading SME lending platform and Intesa’s expertise in building banking operations across Italy, Central Europe, Eastern Europe, the Middle East and North Africa. The strategic partnership coincides with an investment in iwoca by Neva Finventures, Intesa Sanpaolo’s fintech venture capital arm.
Christoph Rieche, co-founder and CEO of iwoca, says: “To date, iwoca has been able to support over 10,000 small businesses with operations across the UK
Palatine Private Equity has invested in The Bunker, a provider of ultra-secure managed IT services to mid-market UK companies.
The transaction sees Palatine back the current management team, led by Phil Bindley, with Andy Hague joining the business as Group CEO. The deal is the fifth deal out of Palatine’s third fund.
The Bunker, which delivers mission critical cloud solutions via its ultra-secure data centres, was founded over 20 years ago and operates nationally from sites across the South of England. Palatine plan to use The Bunker as a buy and build platform to create a full service cyber security
PNC Bank has appointed James Petersen as senior vice president and business development officer in it’s senior secured financing team.
Based in Los Angeles, Petersen is responsible for business development with private equity firms and middle-market companies, originating asset-based and cash flow loans in southern California.
Paterson joins PNC Business Credit from the CIT Group, where he served as a vice president and business development officer. Paterson earned an honors bachelor’s degree in business administration from the Ivey School of Business at The University of Western Ontario and an MBA with distinction in accounting and finance from the Ross
Progressio Investimenti II Fund has completed its acquisition of Garda Plast. Garda Plast a producer of preforms in PET for mineral water, soft drinks and detergents.
Established in 1996 by the Tonoli Family, due to their extensive experience in the mineral water sector as bottlers, Garda Plast quickly emerged as a leading player in the domestic and European markets of preforms. The strong know-how built over the years and the high-tech production facilities guarantee a high quality level that represents one of the key success factors in such a competitive industry.
Progressio, established in 2005, is a private equity
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