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Glade Brook Capital Partners (Glade Brook), a global growth equity investment firm, has held the final closing of Glade Brook Strategic Growth III (SG III), an oversubscribed $430 million fund focused on growth equity investments at the Series B and C stages.
Temenos has launched Multifonds Navigator, a simple and cost-efficient NAV oversight and contingency solution for asset managers who outsource their fund accounting operations to third-party administrators.
Platform9 has closed $26 million financing led by Celesta Capital, with participation from Cota Capital, NGP Capital, and other investors.
This financing round comes on the back of three consecutive years of 100% growth in annual recurring revenue (ARR) for SaaS Kubernetes, led by enterprise interest in cloud-native distributed clouds.
In addition to the financing, the company has made two significant appointments to its executive team to help scale the company rapidly. Former Oracle and Nokia sales executive, Emilia A’Bell joins as Chief Revenue Officer and former Intel Corporate Vice President, Ravi Jacob, joins as the company’s chief financial
VEON Ventures has completed a $15 million investment as part of a Series A round for Dastgyr, a Pakistan-based B2B e-commerce marketplace platform.
This investment will contribute towards boosting Pakistan’s e-commerce market.
Dastgyr offers businesses a one-stop-shop application that connects thousands of retailers with suppliers to give them access to real-time visibility on pricing and financing rates. Platform partners have included Coca-Cola, Nestle, and Reckitt.
The deal is VEON Ventures’ largest investment in a Pakistani start-up and reflects the Group’s continued commitment to the region and to the growth of Pakistan’s digital economy.
Digital payments network MFS Africa has has secured an additional $100 million in equity and debt funding led by Admaius Capital Partners, taking the total amount raised in its Series C round to $200 million.
New investors, Vitruvian Partners and AXA IM Alts joined the extension, alongside existing investors, AfricInvest FIVE and CommerzVentures, who re-invested in the extension.
Previous other investors include LUN Partners Group, Goodwell Investments, Allan Gray Ventures, Endeavor Catalyst and Endeavor Harvest, Equator Capital Partners, Ulme, and Vlemeij.
Mid-market private equity firm LDC has exited its investment in Plimsoll Productions (Plimsoll) to ITV plc in a transaction that values the independent television production company at £131 million.
Plimsoll’s BAFTA, EMMY and Academy award winning team specialises in wildlife, documentary and factual entertainment shows, and is the biggest independent producer of natural history programmes in the world. Headquartered in Bristol, with offices in LA and Cardiff, the business has produced more than 70 series for broadcasters including Netflix, Disney, Apple and Natural Geographic.
LDC backed Plimsoll’s management team, led by CEO Grant Mansfield, in 2019, with a minority
ICG, a global alternative asset manager, has appointed Nick Kogevinas and Benjamin Zülch as Managing Directors within the firm’s SDP team, based in London and Frankfurt, respectively.
Kogevinas joins ICG with more than 19 years of experience in Leveraged Finance roles, across UK and US markets, having most recently worked in Citigroup’s leveraged finance team for 15 years originating both sponsor and corporate leveraged financings in Western Europe.
Zülch will take on the responsibility for origination and execution of investment opportunities in Germany, Austria and Switzerland. Benjamin joins from Hayfin, where he served as a Managing Director in the private
London continues to rank as one of the world’s leading places to setup and grow a tech startup, according to a comprehensive new report from Startup Genome, rating global start-up ecosystems.
Launched at London Tech Week, the 2022 Global Startup Ecosystem Report, placed London as the world’s number two startup hub alongside New York, and second only to Silicon Valley.
According to the research, London’s startup ecosystem has demonstrated its resilience despite Brexit and the pandemic, securing the second spot for the third year in a row. The findings also confirmed London’s status as the undisputed tech capital of Europe,
MJ Hudson, an end-to-end solutions provider to the asset management industry, has formed a strategic partnership with financial and operational restructuring adviser, Cork Gully.
The partnership has been formed to provide a range of services to private markets fund managers, investors and related parties, including the replacement of a general partner, and the continuation or winding down of funds and similar structures, particularly where that structure or a connected party is under stress.
The partnership will also assist where restructuring is desirable owing to strategic changes to an investment programme, or where a successful investment vehicle needs to restructure,
Project and resource management specialist Projekt Rising has secured a £100k investment from Growth Lending to develop its project management automation technology, expand its product offering and enhance working capital.
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