Solutions
Private equity firm Genstar Capital has reinvested, out of its most recent fund, in Association Member Benefits Advisors (AMBA), a national affinity-based membership and marketing insurance agency, in partnership with AMBA’s management team.
Under Genstar’s ownership AMBA has transformed into an essential partner to its association clients, offering membership development, marketing services, website and database management and IT services, among other benefits, drastically increasing the value proposition to the association.
AMBA distributes insurance and other supplementary products primarily through a proprietary network of retired teacher, educator, and state employee associations across 40-plus states. AMBA is proud of the incredible
Bolt, the first European super-app, has closed a EUR600 million funding round, increasing the company’s valuation to more than EUR4 billion. Bolt will use the funds to boost its new 15-minute grocery delivery service, Bolt Market, and to accelerate the expansion of its existing mobility and delivery products.
The funds were raised from new investors including Sequoia, Tekne and Ghisallo, as well as Bolt’s existing investors G Squared, D1 Capital and Naya.
Markus Villig, CEO at Bolt, says: “Bolt’s mission is to make urban travel affordable and sustainable. We are building a future where people are not forced to buy
Following HM Revenue & Customs’ (HMRC) recently published manual on cryptoassets, Stephen Kenny from Blick Rothenberg’s Financial Services team provides guidance on what they are, how they’re used and how they’re treated for tax purposes.
Open banking platform Snoop has secured GBP15 million in Series A funding from leading American investment management firm Paulson & Co Inc (Paulson), giving the business a post-money valuation of GBP47 million.
The money management app helps people spend, save and live smarter through personalised money-saving insights, and aims to save the average user GBP1,500 per year. This most recent round of fundraising for the company follows a GBP10 million round in December 2020 (Europe’s second largest crowdfund that year).
Snoop was launched in April 2020 by Dame Jayne-Anne Gadhia, the former CEO of Virgin Money. The award-winning app uses
Legend Capital has participated a biological computing platform enterprise BioMap’s USD100 million Series A funding round.
The funds will be used to for R&D and talent recruitment.
BioMap is positioned as an innovative medicine R&D platform driven by biological computing engine. It was co-founded by Robin Li in November 2020 and he currently serves as the Chairman. Through advanced computing and biotechnology, BioMap draws maps on disease targets and drug design to realize the Global First-in-class original drugs. In the future, BioMap will also focus on the field of immune mechanism of tumors, autoimmune diseases and fibrotic diseases.
Richard Li,
Aliter Capital (Aliter), a private equity buy and build specialist in the support services sector, is pleased to announce that it has agreed the sale of its shareholding in North Group SP (North) to Livingbridge.
The management team will continue to work in North and will reinvest part of their proceeds in the Group. The sale of North marks the first exit from Aliter’s maiden 2017 fund and delivers a strong return for investors.
North is a highly technical integrated technology specialist delivering end-to-end networking and IoT application design, implementation, support, and managed services throughout the UK. North prides itself
Private equity firm Twenty20 Capital has signed a deal to transfer ownership of its high volume recruitment asset, PMP Recruitment to Challenge-trg Group.
The deal reinforces Twenty20 Capital’s focus on creating value for shareholders whilst remaining well-positioned to support Cordant’s sub-brands: Cordant People, Premiere People and Staffgroup – building momentum through portfolio growth, increased customer wins and new vertical entry points.
Tristan Ramus, Twenty20 Capital’s Founder and Investment Principal, says: “We are delighted to announce the merger of two-sector giants; PMP Recruitment and Challenge-trg Group. After 18 months of considerable investment, the PMP Recruitment business has gone from strength
UK mid-market private equity investor Livingbridge, has made an investment in North SP Group (North) and a follow on acquisition of Data Techniques.
North is a highly technical integrated technology specialist delivering end-to-end networking and IoT application design, implementation, support, and managed services throughout the UK. North prides itself on driving innovation and leading the industry in adoption of emerging technologies. Led by CEO, Glen Williams, North has over 270 staff, of which around 160 provide technical services.
North specialises in the provision of connectivity within complex environments where multiple layers of connectivity are required (eg Wi-Fi, IoT, 5G etc).
Vienna-based logistics and warehousing start-up, Storebox, has just raised EUR52 million in a series B investment round.
The new investors are mostly international, and include Activum SG, Attila Balogh, Kineo Finance, n3K Holding, Senger-Weiss, Wicklow Capital and Wille Finance. Existing investors Romulus (Hansi Hansmann) and APIC Investments also participated in the round.
The Storebox founders Johannes Braith (CEO), Ferdinand Dietrich (CCO) and Christoph Sandraschitz (CTO) are embarking on a broad internationalisation into European markets. The strategy is two-fold: first, ground-level business premises and unused spaces in secondary locations will be converted into urban multifunctional warehouses that can be rented by
Three Hills Capital Partners (THCP) is pleased to announce that its Three Hills Capital Solutions III (THCS III) portfolio company ACT, has agreed to a minority investment from Bridgepoint, which values the business at more than USD1.0 billion and replaces the existing stakes of THCP and its co-investors.
The transaction represents the first full exit for THCS III, of 2018 vintage.
THCP and its co-investors originally invested in ACT, the provider of market-based solutions for reducing carbon footprints, in September 2018, having tracked the business since 2015. At the time, the founders of ACT felt the company was at the
Events
12 November, 2026 – 8:00 am
12 November, 2026 – 5:00 pm
