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Logistics payments and data infrastructure platform PayCargo has secured a new investment of up to $130 million from funds managed by Blackstone Growth (BXG).
BXG’s investment will support the company’s continued expansion both domestically and internationally, development of new products, as well as potential growth opportunities through M&A.
Blackstone, through its private equity, infrastructure, and real estate businesses, has invested significantly in the broader logistics, supply chain, and e-commerce space, including acquiring a leading port operator in North America and over 1.1 billion sq ft of warehouse assets globally.
Third Rock Ventures has held the closing of Third Rock Ventures Fund VI, with $1.1 billion in capital commitments.
Fund VI will continue Third Rock’s core strategy to discover, launch and build new groundbreaking companies focused on improving the lives of patients.
Third Rock employs a hands-on approach to partnering with founders to build companies and provides early and rigorous integration of science, medicine, business and strategy to build successful companies.
To date, Third Rock has raised $3.8 billion and its funds have invested in 60 companies.
Private equity investor The Riverside Company has acquired a majority stake in Montel AS (Montel), a founder and manager owned, Norwegian provider of energy and electricity market information.
Montel, headquartered in Oslo, is a niche market leader with an international footprint, providing energy and electricity market information for energy producers, grid operators, financial institutions, trading firms and industrial end-users. The company’s services are primarily delivered through its proprietary Montel Online platform on a subscription basis, covering energy market news and real-time and historical trading data.
Closing of the transaction is subject to customary regulatory approvals.
Inovia Capital has raised $325 million for its fifth early-stage fund.
The fund, which saw strong support from existing and new investors, will back tech-focused companies in their aspiration to become category leaders.
The closing brings Inovia’s total capital under management to $2.2 billion.
Global Blue Group Holding has completed an investment agreement with CK Opportunities Wolverine (CK Opportunities), an investment fund co-managed by Certares Opportunities LLC (Certares), a global travel, tourism and hospitality investment firm, and Knighthead Opportunities Capital Management (Knighthead), a credit investment management firm.
Under the terms of the agreement, CK Opportunities has agreed to invest $225 million, of which $180 million is for Series B preferred shares and $45 million is for common shares.
Global Blue intends to use the funds to continue pursuing strategic add-on acquisitions.
Gen II Fund Services (Gen II), an independent private capital fund administrator, has appointed Steven Millner as chief executive officer.
Since co-founding Gen II in 2009, Millner has served as a managing principal and as a member of the Firm’s Executive Committee. Millner, along with his co-founders, have been involved in the administration of private capital funds for over 25 years. Their experience extends from assisting with the launch of emerging managers to working with the world’s leading private capital fund managers.
In concert with Millner’s appointment, Gen II co-founder Steven Alecia has been appointed president. He previously served
Gallagher has appointed Dan O’Connell to its mergers & acquisition (M&A) team in the North of England. A qualified lawyer, Dan joins from Walker Morris where he was a corporate associate.
Dan has over ten years’ experience in the legal sector and has worked at a number of leading law firms including Walker Morris, Irwin Mitchell and DWF.
He has experience advising on a range of corporate transactions including corporate M&A, PLC activity, such as floats, regulatory work and fundraises, and advising private equity clients on acquisitions, investments and disposals.
Funding Circle, a UK-based small business loan platform, has made internal promotions in its Capital Markets division.
Dipesh Mehta and Sam Granger will become Co-Heads of Global Capital Markets, taking over from Sachin Patel who has been with Funding Circle for more than eight years.
The Capital Markets team has established Funding Circle’s institutional investment capability which now sees a wide range of investors – including banks, asset management companies, insurance companies, government-backed entities, individuals and funds – leveraging Funding Circle’s machine learning and technology capabilities to lend to SMEs at both speed and scale.
Keensight Capital, a private equity manager dedicated to pan-European Growth Buyout investments, has invested in CatSci Ltd, a Contract Research Organisation (CRO) supporting top tier global pharmaceutical companies around the world.
Keensight Capital will invest alongside the founders, senior management, and employees.
Headquartered in the United Kingdom, CatSci was formed in December 2010 from a spin-out of AstraZeneca’s Catalyst Screening Facility by five founders, including current co-owners Dr Ross Burn and Dr Simon Tyler, now CEO and COO, respectively.
Eranovum, a Spanish group dedicated to accelerating the energy transition, has secured a €26.5 million capital injection from Keystone, an investment fund specialised in the infrastructure and energy sector, to create one of the largest electric vehicle charging networks in Spain.
The transaction will be carried out in two tranches, the first of which has already been closed for €11.5 million. By means of this transaction, the international fund has acquired a 30% stake in the share capital of Eranovum e-mobility, the electric mobility subsidiary of the Eranovum Group. The second part of the investment is scheduled for the end
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