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International freight logistics and express courier specialist, ITD Global, has secured a £15 million investment from the UK-based growth capital investor, BGF.
ITD Global is a tech-enabled logistics consolidator, which brokers parcel and freight solutions for eCommerce clients. In the last 12 months, the Heywood-headquartered business has facilitated the delivery of more than 11 million parcels to addresses in the UK and overseas.
The significant investment from BGF will help the multi-award-winning business to deliver its ambitious growth plans through the expansion of its UK depot network, further development of its cutting-edge technology platform, and growing its newer services
The Bill & Melinda Gates Foundation has committed an investment of $5 million to Bactofile, a specialist in gut microbiome health in the food and feed industry.
The funding will be used to accelerate the impact of Bactolife’s technology platform to develop binding proteins, a biologic solution to reduce the risk of gut infections in humans and animals.
Bactolife takes a unique approach to gut health for the greater good of humans and animals by developing breakthrough binding proteins that can reduce the risk of developing gut infections at an affordable price. With Bactolife’s technology platform and the investment made
Oxwash, the UK’s first sustainable on-demand laundry and wet-cleaning startup, has raised £10 million in a series A funding round led by Untitled VC, as it looks out to grow its nationwide footprint.
Long standing supporter Biz Stone, co-founder of Twitter, also returned for the round, as did Indeed founder Paul Forster, and Holly and Sam Branson.
New investors in the round include 8 Dimension Ventures, System Capital Management (Ukraine’s largest VC Fund), and Khimji Ramdas LLC. Many more existing investors chose to partake again, including Reckitt venture arm Access VC, Pentland Group, Ascension Ventures, Vala Capital, and Truesight Ventures.
Swiss Life Asset Managers has launched its second dedicated international renewable energy fund, Fontavis ESG Renewable Infrastructure Fund II, the successor to the first international fund, Fontavis ESG Renewable Infrastructure Fund Europe.
The newly launched fund Swiss Life’s fourth renewable energy fund and the second which invests globally.
The fund will be advised by a dedicated renewables team which build on strong and long-term partnerships with project developers, energy companies, investors, public authorities, and other stakeholders to provide robust opportunities for investing its clients’ capital.
DTCP has held the second closing of its Digital Infrastructure Vehicle II (DIV II) with around €1 billion of capital commitments. The Fund was launched in June 2021 and has raised additional capital from new, leading international investors, including BlackRock and abrdn, as well as a sovereign wealth fund from the Middle East and various German insurance companies.
The fund will continue to raise significant capital until its final closing in 2023.
DIV II invests in digital infrastructure – fibre networks, mobile towers and data centres – to accelerate digital transformation and create value for its investors, its portfolio
Arcano Partners, an international alternative asset manager with offices in Europe and the US, has been ranked in the top 10 globally in the HEC Paris-Dow Jones ranking of private equity secondary funds. This list ranks the top PE secondary fund managers globally, in terms of cumulative performance and consistency of funds raised between 2008 and 2017.
The annual HEC Paris-Dow Jones ranking, created by HEC Paris professor Oliver Gottschalg, analyses the returns achieved by private equity managers and their consistency over a decade, both in absolute and relative terms across funds of those vintages.
The 2021 ranking was compiled
Tech24, backed by HCI Equity Partners, has acquired AmeriCold and Arrowhead Commercial Equipment (Arrowhead). Tech24 is a national provider of repair and maintenance services for foodservice and commercial HVAC equipment.
Arrowhead and AmeriCold represent Tech24’s tenth and eleventh add-on acquisitions in the highly fragmented foodservice repair and maintenance market. Financial terms have not been disclosed.
AmeriCold is a provider of cold-side repair and installation services to customers in the New York metro area, Washington DC, and Southeast Florida. The company has a wide range of customers across the restaurant, grocery store, and institutional end markets, from New York City’s
Standard Bank has provided a fund subscription credit facility of $75 million for AfricInvest’s largest and most recent private equity fund to finance investments in accordance with its investment strategy. The fund, AfricInvest IV, achieved its final close earlier this year with total commitments of USD411 million.
11:11 Systems (11:11), a managed infrastructure solutions provider backed by Tiger Infrastructure Partners, is to acquire Sungard Availability Services’ cloud managed services business. The transaction is expected to close this autumn.
The Cloud Managed Service business is a sophisticated, mature cloud management practice that provides transparency, control and compliance to blue-chip, enterprise customers utilising hybrid and multi-cloud environments to power their businesses. As a part of this transaction, 11:11 will gain a team of highly skilled employees specialising in cloud management, customer service, AWS and Azure professional services and cybersecurity. 11:11 will also retain part of Sungard AS’ back-office and
Pension funds are to overtake GPs to become the largest sellers on the private equity secondary market in H2 2022, accounting for 38% of total transaction volume, up from 32.3% in the previous six month period, according to a report by Private Equity Insights.
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