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Kyros, a digital technology platform bringing providers, clients and recovery organisations together into a virtual marketplace, has raised $4.4 million in a seed financing round led by Rally Ventures, with participation from strategic angel investors.
As part of its initiative to deliver customisable solutions, Northern Trust has launched an enhanced liquidity management data tool in its Front Office Solutions platform.
KKday, a travel experiences platform in Asia, has secured additional funding in a Series C+ round, bringing the total Series C round raised to US$95 million. The round was led by major tech Asia private equity firm TGVest Capital. The new funding will be used to expand KKday’s team globally, and deepen its domestic footprint, particularly in markets where there is a focus on domestic travel (eg. Japan, Korea, Taiwan, etc), and tech innovation to meet the increasing demands of online travel agencies (OTAs) and local activity and experience providers (local merchants). KKday is rebounding swiftly due to growth in
Compusoft + 2020, a global provider of end-to-end software and content solutions to the spaces for living industry, backed by private equity investor TA Associates, has completed the acquisition of Resource and Financial Management Systems Inc (RFMS), a business management software provider serving the flooring market. RFMS has over 35 years’ experience in streamlining flooring businesses to help owners become more efficient and profitable. RFMS provides an extensive range of solutions dedicated to the flooring industry including ERP, CRM, measuring & estimating applications and payments. The software suite is enhanced by industry tailored training and customer service.   The acquisition
An affilate of private investment firm Sun Capital Partners has completed the acquisition of Andersen Commercial Plumbing, (ACP). Terms of the private transaction have not been disclosed. Founded in 1993 and headquartered in La Verne, California, ACP is a leading provider of commercial plumbing services across Southern California, including maintenance and repair, tenant improvement and new build solutions. The Company’s customer base of more than 9,000 local and national accounts includes commercial office buildings, industrial facilities, educational institutions, healthcare providers and life sciences companies.
Online grocery service Modern Milkman has secured a £2.25m investment from Praetura Ventures, a Manchester-based venture capital investor. Headquartered in Colne, Lancashire, Modern Milkman uses intelligent data and analytics to map out milk rounds, assess demand and reduce carbon emissions. The business works closely with decision intelligence firm Peak AI, another Praetura Ventures portfolio company, to combine information, such as shelf-life dates, customer ordering patterns and warehouse data to ensure customers receive deliveries on time with minimum waste in the supply chain.   Modern Milkman, which has 19 hubs across England, also works with independent suppliers and farmers to deliver
An affiliate of Austin-based private equity investment firm CenterGate Capital (CenterGate) has made an investment in United Envelope (United), an envelope manufacturing company with 89 years of experience providing direct mail and transactional envelopes. Established in 1932 and headquartered in Ridgefield, New Jersey with additional state-of-the-art manufacturing locations in Pennsylvania and Ohio, United specialises in manufacturing and printing of envelopes for its blue-chip customer base, which includes financial services, non-profit, healthcare, and government end markets.  President and CEO Ken Bernstein, will continue to lead United Enevlopes. CenterGate Capital was represented by McDermott, Will & Emery in the transaction, while CIBC
International web hosting business Miss Group, a portfolio company of European private equity company Perwyn, has completed its latest acquisition – Web4U – located in the Czech Republic. Founded in 2000 and headquartered in Prague, the business is one of the leading providers of web hosting, domain registrations, mail and server hosting services to over 15,000 unique customers across the public sector and SME market. In the 12 months to 31 December 2021, Web4U reported revenues of CZK38m.   Web4U’s 11 staff will join Miss Group’s team of over 300 people, adding to its customer base of >700,000 businesses globally
Peakside Capital Advisors AG (Peakside) has added Nicolaus Bitter and Sebastian Junghans to its investment team in Frankfurt. Joining as principals, they will both drive deal sourcing and the execution of transactions for Peakside’s value-add, core-plus and core strategies. Before joining Peakside, Junghans (37) and Bitter (33) were both Associate Partners at REVCAP in Frankfurt, working on transactions across Germany. Junghans was previously employed at Tishman Speyer and UBS Real Estate and holds a Master in Real Estate from EBS Universität für Wirtschaft und Recht, while Bitter worked for Morgan Stanley Real Estate in Frankfurt and also holds a Master
One Rock Capital Partners (One Rock), a value-oriented, operationally focused private equity firm, has added Susan Fiesta to its team of Operating Partners. Working alongside One Rock Operating Partners Sally Cunningham and Andrea Greene, Fiesta will be responsible for driving post-acquisition value at One Rock’s portfolio companies through strategic solutions focused on financial, accounting and tax services.   Fiesta has 20 years of experience advising on domestic and international tax matters. Prior to joining One Rock, she served as Principal and Global Tax Director at Avison Young (USA) Inc. Prior to her role at Avison Young, Fiesta led the international

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