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Prodrive Composites has secured a GBP6m growth capital investment from BGF (Business Growth Fund).
The business, which is based in Milton-Keynes, works within the automotive, aerospace and marine sectors producing lightweight, high performance composite components and structures, such as interior trims and bodywork.
Prodrive Composites was created in the early 2000s by Prodrive to support its motorsport activities. The company is one of the world’s most successful motorsport businesses with six World Rally titles, four British Touring Car titles and four Le Mans titles. Prodrive Composites has since expanded its customer base to include a growing number of premium
The number of European private equity-backed buyout deals declined by 24 per cent in the second quarter of 2015, from the 392 transactions seen in the previous three months to 296 transactions.
That’s according to the Q2 2015 unquote” European Private Equity Barometer, published by unquote” in association with SL Capital Partners, which reveals that combined deal value rose by 115 per cent.
At EUR147 million, the average deal value in the second quarter was 185 per cent higher than that of the previous quarter.
]On an annualised basis, the 12 months to Q2 2015 saw a movement towards larger
Castik Capital, the European private equity investment firm, has held the final close of its European Private Investment Club fund (EPIC I) at EUR1 billion. The fund had a first close in June 2014 at EUR 625 million. EPIC’s investors are all large institutional investors.
“We are very proud to announce the close of our first fund, which was significantly oversubscribed,” says Michael Phillips (pictured), Investment Partner at Castik Capital. “Our team is already making significant progress in executing our investment strategy – we are identifying targets and actively pursuing new deals.”
The fund will seek investments across Europe, with
KKR is to invest USD150 million into JBF Group, a manufacturer of polyester value-chain products. The deal includes JBF’s international subsidiaries.
A portion of the proceeds will be used by KKR to acquire a 20% stake in JBF, listed on the BSE Ltd. and National Stock Exchange of India. The remaining proceeds will be invested into zero-coupon convertible preference shares with 14.5% voting rights in JBF Global Pte. Limited, Singapore, an unlisted subsidiary. KKR will primarily make its investment from the KKR Special Situations Fund II.
JBF Group manufactures polyester value-chain products ranging from polyester chips, polyester yarn and films
iwoca, one of the fastest growing SME lending platforms in Europe, has finalised a USD20m Series B equity financing rounded by Acton Capital Partners, the specialist German venture capital firm, and CommerzVentures, the corporate venture capital subsidiary of Commerzbank.
Redline Capital and other existing investors also participated.
iwoca achieved over 250 per cent year-on-year growth in loan issuance in the twelve months to June 2015, demonstrating that alternative lenders represent a key lever for economic growth as traditional banks have struggled to meet the funding gap. The alternative finance market in the UK is expected to jump to USD7 billion
Leading Mayfair-based growth capital investment business, Committed Capital, has completed its investment into AIM-listed affordable smart home technology provider, LightwaveRF plc.
The total investment LightwaveRF plc was seeking was GBP1.5m, of which Committed Capital has invested GBP1.1m.
LightwaveRF plc, which enables households and businesses to remotely operate and control lighting, power, heating and security using smartphones, tablets, PC and MAC applications, is continuing to develop its markets in the UK and internationally and has also made significant progress with its technology. It plans to use the investment to accelerate market awareness, product sales and technology development, and will focus
The Scottish Loan Fund (SLF) has supported its existing portfolio company Merson Group (Merson) in its acquisition of ASG Essex Ltd (ASG), a long established signage business servicing the UK’s largest brands.
The acquisition creates a UK and European sign business with an unrivalled range of skills, capabilities and resources able to deliver all aspects of major signage projects.
SLF originally committed GBP3 million of funding to Merson in 2012 initially to support its acquisition of CGL Systems Limited, a provider of metal façade and rainscreen cladding for commercial buildings. Following its successful integration Merson has continued to look at
The Channel Islands Securities Exchange Limited (CISE) has ceased discussions regarding the acquisition of the European marketplace for SMEs, the Danish-based GXG Markets A/S (GXG).
It was announced on 22 July that an in-principle agreement for the transaction had been agreed between the CISE’s wholly owned subsidiary, The Channel Islands Securities Exchange Authority Limited (CISEA) and the Swedish-headquartered GXG Global Exchange Group AB and GXG.
However, the CISE has now decided not to proceed any further.
Fiona Le Poidevin (pictured), Chief Executive Officer of the CISE, said: “The deal had reached offer stage but, following extensive due diligence
Puma Investments has completed two deals within the residential care home sector totalling GBP11 million. The monies invested will fund the development and initial operation of two purpose built, modern care homes in partnership with established operator Abbey Healthcare.
Abbey Healthcare is owned by Prabhdyal Sodhi and currently operates a portfolio of 16 homes with 1,279 beds across the UK.
The first investment is a GBP6 million deal in Hamilton, Scotland to facilitate the development of a new-build 112 bed care home, all with en suite wet room facilities. The second is a GBP5 million investment to facilitate the
Michael Collins (pictured), Director of Public Affairs, EVCA, responds to ESMA’s advice on extending the AIFMD passport…
We welcome the initial steps that ESMA has made in assessing the possible extension of the AIFMD European passport to non-EU AIFMs and AIFs.
It is essential for Europe and for our goal of a Capital Markets Union that there is free movement of private investment capital both across EU borders and internationally. This will bring additional billions of euros in equity financing to European companies and provide European investors with the freedom they need to choose the investment opportunities that are most appropriate
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