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Foresight Group has completed a GBP1.7 million investment into Midlands-based Online Poundshop as part of larger growth capital investment of more than GBP2 million.
Poundshop.com is an online-only, single price retailer, which sells everyday consumer products at better value than available in high street chains and supermarkets.
Focused on serving the growing multi-billion pound online value retail market, Poundshop.com’s proposition offers consumers 24-hour shopping, low cost home delivery and a wide range of products. Poundshop.com sells numerous household brands, including Gillette, Cadbury, Haribo, Fairy, Adidas and Coca-Cola.
Founded in 2014 by chairman Steve Smith, founder of Poundland, the
Cloud solutions provider (CSP) Cloud Direct has acquired Connect Support Services, following hot on the heels of its January acquisition of AOG Group, a Microsoft gold partner for hosting and communications.
In previous months, Cloud Direct acquired Redblade in July 2016, ihotdesk in December 2015 and Datel Business Systems in June 2015.
The acquisition of Connect Support Services further strengthens Cloud Direct’s customer services and technical support capabilities. As a gold Microsoft CSP partner, the acquisition bolsters Cloud Direct’s offerings around Microsoft Azure, Office 365 and hosted desktop.
Brett Raynes, founder and CEO of Cloud Direct, says: “Connect Support Services brings great people with a
One of First Allied Securities’ affiliated independent financial advisory firms, Lifestyle Financial Advisors, has completed the merger of the Laura A Nagle independent advisory practice into its organisation.
Nagle, a 35-year industry veteran, has joined Lifestyle with more than USD167 million in client assets, as of 31 October 2016.
First Allied, an affiliate of Cetera Financial Group, a network of independent firms, assisted in facilitating the transaction in support of Michael A Wegner, CWS, founder, president and CEO of Lifestyle.
Kevin Keefe, president and chief executive officer of First Allied, says: “First Allied is very pleased to have
Nearly half of UK investors are positive about Brexit, although two fifths are fearful of Trump and 73 per cent lack faith in Prime Minister Theresa May, according to research carried out by IW Capital.
A survey of 1,000 UK investors, aimed assessing the true impact of 2016’s triple threat of political shocks and their direct effect on the UK investor community, found that one in 10 investors feel the political events of 2016 will influence their investment decision this year more than any other factor.
In addition, 36 per cent of investors think record-low interest rates will negatively
Palamon Capital Partners has completed the sale of SARquavitae, an elderly care provider in Spain for EUR550 million.
Palamon sold SARquavitae’s operating business to GeriaVi, which holds Geriatros, another leading player in the Spanish elderly care market, and is a subsidiary of DomusVi (a PAI Partners portfolio company) for EUR440 million.
SARquavitae’s property companies were sold to Eurosic Lagune, a third party real estate investor, in a separate transaction prior to the sale. Both sales have together generated a combined investment return of 3.0x for Palamon.
SARquavitae is the largest elderly care services provider in Spain, operating 88 facilities
Mid Europa Partners is to sell Alpha Medical, provider of laboratory testing services in the Czech Republic and Slovakia, to Unilabs.
The transaction, which is subject to customary clearance by local competition authorities, and is expected to close in Q2 2017, represents the largest healthcare transaction in Central Europe since 2008.
It is also the largest private equity exit in the Czech and Slovak markets since Mid Europa’s sale of its stake in T- Mobile CZ in 2014.
Matthew Strassberg, co-managing partner of Mid Europa, who founded and leads Mid Europa’s healthcare sector practice, says: “It has been
Private equity firm Lovell Minnick Partners is to acquire a majority stake in Foreside Financial Group, a provider of a variety of regulatory compliance and distribution solutions to clients in the investment management industry.
Financial terms of the private transaction have not been disclosed.
Established in 2005 and based in Portland, Maine, Foreside is led by chief executive officer Richard Berthy and president Dave Whitaker, who will remain shareholders and continue in their current management roles.
Foreside delivers outsourced services to investment advisers and broker dealers, including the financial products they manage or distribute. Servicing over USD800 billion
Intensix, developer of a real-time predictive analytics platform for early detection of patient deterioration in the ICU and high acuity departments of hospitals, has completed a USD8.3 million Series A financing round led by Pitango Venture Capital.
The funds will be used to boost the company's sales and marketing operations in North America and to expand and accelerate the development of its predictive analytics platform.
As part of the financing Ittai Harel, managing general partner at Pitango, will join the company's board of directors.
Intensix's platform applies machine learning to provide accurate predictive clinical analytics that ICU
Idinvest Partners has opened a new office in Frankfurt and added three German nationals to its private debt team.
The new Frankfurt office will be represented by Florian Zimmerman, who has been working with Idinvest since 2014.
Christophe Bavière, president of Idinvest Partners, says: “Brexit has accelerated the fact that Frankfurt is becoming one of the most active financial centres of Continental Europe. This new step is fundamental to the international development of Idinvest and our 20 years of experience across various European markets, including Germany, has reinforced our desire to be present in this region. The companies we finance in
Waterland Private Equity Investments is to provide growth capital to Enhesa, an environmental, health and safety (EHS) regulatory compliance assurance content provider.
Enhesa is a global EHS regulatory consultancy based in Brussels, Washington DC and Tokyo.
Enhesa provides a global approach to EHS compliance and simplifies regulatory complexity for international companies. By using a standardised risk-based approach, Enhesa provides regulatory insights and analysis that helps companies mitigate risks, stay on top of regulatory change and ultimately achieve and maintain global EHS compliance.
To accelerate its international growth strategy, Enhesa has decided to reinforce its capital structure with financial partner
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