Latest News
Software services investor Hg has agreed the sale of itm8, a supplier of IT services for private businesses and the public sector in Europe, to Axcel, a Nordic private equity fund.
itm8 has a team of more than 1,100 IT experts, supporting more than 4,200 customers within four business-critical areas: Cloud Services, Digital Transformation, Application Services and Cyber Security.
itm8 (formerly IT Relation) has more than doubled in size since Hg first invested in 2018, as measured by revenues, employees and the size of its customer base.
Flying Fish Partners (Flying Fish) has held the final closing of its second venture fund, Flying Fish Partners II (Fund II) with $70 million in committed capital.
Flying Fish invests in the rapidly growing artificial intelligence (AI) and machine learning (ML) sector.
Flying Fish makes seed-stage investments in software and mixed hardware and software companies that use AI or ML as foundations to their businesses, provide AI and ML products and services, or provide tools to AI and ML practitioners. Flying Fish has already made 10 investments in Fund II.
Black Bay Energy Capital (Black Bay), a private equity firm focused on the North American energy sector, has acquired a majority interest in Advanced Industrial Devices (AID) from Rock Island Capital (Rock Island).
AID a provider of electric motor automation and control solutions for oil and gas and industrial applications, will continue to be headquartered in Tulsa, Oklahoma and led by Russell Claybrook, Chief Executive Officer.
Elasmogen – a biopharmaceutical company discovering and developing new therapeutics using its soloMERTM platform – has secured £8 million investment.
The funding round was led by BGF and Scottish National Investment Bank (The Bank), with additional support from existing investor Scottish Enterprise.
The multi-million-pound investment will enable Aberdeen-based Elasmogen to continue developing its pipeline of next-generation drugs through pre-clinical trials.
The company’s soloMERTM technology is based on molecules naturally found in sharks’ immune systems, which are the equivalent of human antibodies but smaller and more stable. Elasmogen’s pipeline is focused on applying this soloMERTM technology to treatments of solid-tumour
Private credit industry veterans Natasha Fox and Patrick White have launched Altimer Capital today announced its launch as a new a women- and veteran-owned alternative asset management firm targeting credit opportunities in the rapidly growing area of digital transformation.
The new private credit and structured equity firm will offer innovative and customised financing solutions to support small and mid-sized companies that provide or deploy technology to drive business agility and resilience.
Fox and White are former colleagues at alternative asset manager American Capital (acquired by Ares Capital in 2017) who have again teamed up to leverage their two decades
Real assets investor Vision Ridge Partners has sold a portfolio of mitigation banking assets in southeast Texas.
Over the past five years, Vision Ridge partnered with The Earth Partners, an ecological restoration company that seeks to maximise environmental, social, and financial outcomes, to develop and manage the portfolio.
Mitigation banks are properties with wetland, stream, or other aquatic resources that have been restored, established, or preserved in exchange for credits. The Clean Water Act mandates that any impact to aquatic resources from permitted uses, such as development of transportation or energy infrastructure, be compensated for by purchasing credits from
Travers Smith has promoted 11 lawyers to its partnership, with effect from 1 July 2022.
This is the largest promotion round to date. The new partners whose practices focus on private equity.
Victoria Bramall specialises in international private equity and M&A transactions. Her clients include alternative asset managers, senior management teams, and founders. She advises on a range of liquidity solutions for financial sponsors and their investors including, minority and majority GP-stake M&A, GP-led and LP-led secondary transactions, transfers of assets into continuation vehicles and fund-to-fund transfers.
Alex Dixon is a corporate lawyer specialising in pan-European and international private equity
Tiugo Technologies (Tiugo), a PSG portfolio company focused on assembling a collection of global, API-first developer platforms in the document and data management market, has acquired CKSource, a provider of rich text editing and document collaboration software for developers.
Financial terms of the deal, which is Tiugo’s first investment, have not been disclosed.
Pembroke VCT, a venture capital trust focused on backing early-stage businesses with exceptional founders and management teams, has invested a further £2 million into climate positive, luxury paint company COAT as part of a £3.5 million investment round also including Seedrs and a media-for-equity investment by Channel 4 Ventures.
COAT, which has been carbon-neutral since launch, continues to revolutionise and disrupt the home decorating industry by redefining the customer experience.
The media-for-equity investment by Channel 4 Ventures gives COAT access to a premium TV audience in the UK, and the ability to raise awareness of its eco-friendly, disruptive business
Tendit Group, a portfolio company of private equity firm Osceola Capital, has acquired Salt Lake City-based Birrell Services.
The acquisition expands the Tendit’s geographic footprint into Utah.
Founded by Jeff Birrell in 1990, Birrell Services – a provider of commercial pressure washing, snow removal, parking lot sweeping, striping, landscaping and other exterior facility services – has deep roots in Utah and neighbouring states.
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