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Global investment bank GCA Altium has advised Piper and the company founders on the sale of Loungers, the UK café-bar and restaurant group, to Lion Capital in a deal worth GBP137 million.
This marks GCA Altium’s 35th transaction in the consumer and retail space since 2014, adding to deals such as Prezzo and New Look.
Loungers is a fast-growing business founded in Bristol in 2002 by a trio of longstanding friends, Alex Reilley, Jake Bishop and Dave Reid. Their idea was to provide customers with a ‘third space’ between work and home to meet, chat, eat and drink –
Mitsubishi UFJ Capital, a Tokyo-based venture capital firm specialising in electronics, healthcare and technology investments, has joined Kyriba Corp’s Series D funding round.
Kyriba, a provider of cloud-based treasury, cash, and risk management solutions, has more than 50 clients in Japan, including marquee clients Konica Minolta, Nissin Foods, and Suntory.
Muneki Handa, president of Mitsubishi UFJ Capital, says: “We have invested in Kyriba, who have built a scalable cloud-based platform with deeply integrated bank connectivity, payments, risk management, and supply chain finance. This architecture is a key differentiator for Japanese and worldwide organisations, and drives strategic advantages for organisations
HarbourVest Partners has promoted three new managing directors – Ryan Gunther, Senia Rapisarda, and Kelvin Yap – and 13 new principals and senior vice presidents.
These promotions recognise team members whose expertise contribute to the success of HarbourVest and its clients across the Americas, Europe, and Asia Pacific.
“HarbourVest’s greatest assets are the people who walk in the front door each morning,” says Peter Wilson, managing director, HarbourVest. “This latest round of promotions – at all levels – showcases the Firm’s continued investment in our team and recognises their focus on using specialised expertise to drive results for our
Advent International has agreed to sell its 93.29 per cent interest in Devin, a producer and distributor of bottled water in Bulgaria, to Spadel, a European family-owned company specialising in the production of natural mineral water, spring water and natural fruit drinks.
The transaction values Devin at a EUR120 million enterprise value and is subject to the approval of the Bulgarian Commission for Protection of Competition.
Founded in 1992 and based in Sofia, Devin bottles and sells a wide range of products including mineral water, spring water and table water. Together with its national network of distribution partners, the
Munich-based industrial holding company Adcuram Group has acquired 98.57 per cent of luxury kitchen manufacturer Poggenpohl Möbelwerke, based in Herford (Northrhine-Westfalia).
The transaction with the previous majority shareholder, Swedish-listed Nobia, which was signed on 19 December 2016, is still subject to customary regulatory approval.
Poggenpohl, known for its Porsche-Design products, generates annual revenues of around EUR110 million and employs 500 staff. The origins of Poggenpohl date back to 1892 when the company was founded as Germany’s first kitchen brand. Since 2000 Poggenpohl has been majority-owned by Swedish listed corporate Nobia.
“With Poggenpohl, we acquire one of the globally
Innova Capital Partners and Fondo de Capital Privado de Emprendimiento e Innovación (FCP) have teamed up to make an investment into ERCO Energía, an engineering, procurement and construction (EPC) firm specialised in photovoltaic projects in Colombia.
The joint investment will provide capitalisation for the construction of ERCO solar projects in the region.
Colombia has exceptional non-conventional energy resource potential like solar, wind and biomass. Solar is among Colombia’s most abundant resources given its proximity to the equatorial zone, yet solar wide spread solar installation in the commercial and industrial sector is still in its infancy stage.
Solar EPC firms such
National law firm Setfords Solicitors has secured a GBP3.75 million investment from BGF (Business Growth Fund) to support its expansion plans.
The funding will be used for investment in digital marketing, technology enhancements and the recruitment of additional legal consultants.
Founded in 2006 by Guy Setford, the company has grown into a nationwide firm with over 160 consultant lawyers and a 60-strong infrastructure team based at its Guildford head office.
Setfords was the first business in the UK to roll out the consultancy network model across all major areas of law including property and family law. Over the
Stirling Square Capital Partners, a pan-European mid-market private equity firm, has acquired AD Industrie, a French manufacturer of complex, critical sub-assemblies and components for the aerospace, defence and energy markets.
AD Industrie was acquired for an undisclosed amount from majority owner Ingefin (a family holding company), and minority investors BPI France and GE Capital.
AD Industrie is headquartered in Paris and generates revenues in excess of EUR200 million. It employs more than 1,500 people across manufacturing facilities in France, Tunisia, and Morocco.
Since its creation in 2004, AD Industrie has developed unique capabilities in machining, sheet metal work,
Volution Group, a supplier of ventilation products to the residential and commercial construction markets, has acquired the entire share capital of Breathing Buildings.
The deal provides an exit for the company’s previous backers including MMC Ventures.
Breathing Buildings is based in Cambridge, UK and was formed in 2006 by Dr Shaun Fitzgerald from a collaboration between Cambridge University and Massachusetts Institute of Technology.
Since then, Breathing Buildings has developed its own hybrid ventilation technology niche for the UK commercial ventilation market and is now a UK market leading designer, manufacturer and supplier of energy efficient, intelligently controlled natural
Independent trust, fund, real estate and corporate services provider First Names Group has promoted Karen O’Hanlon to managing director of its Singapore business.
The appointment is effective immediately.
O’Hanlon will lead the team in Singapore, continuing to build on the foundations developed over her last two years as director with First Names Group.
O’Hanlon has nearly 30 years of global experience providing trust services to corporates and family businesses.
“Karen is a highly experienced professional who I am certain will be an invaluable asset as we continue to attract new business and deepen our footprint in the
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