Solutions
Growth-oriented private equity firm Parthenon Capital Partners is to acquire acquire a majority stake in KBRA, a full-service global rating agency.
KBRA is the largest global credit rating agency founded in the wake of the global financial crisis.
KBRA has more than 400 employees across its five offices in the US and Europe. The company has issued over 51,000 ratings with nearly USD3 trillion in rated issuance since its inception in 2010. KBRA provides industry-leading ratings and research across all sectors from its Corporate, Financial, and Government (CFG) and Structured Finance units.
The company also delivers high-quality data, information, and
CIFC Asset Management (CIFC), an alternative credit specialist serving institutional investors globally, is to acquire LBC Credit Partners (LBC), a leading middle market direct lending platform.
CIFC’s acquisition of LBC follows a series of positive developments for the firm, which in 2021 grew its assets by more than USD5 billion. Financial terms of the transaction, which is expected to close by year-end, have not been disclosed.
QueryLayer, a no-code privacy operations platform for digital enterprises, has raised EUR2 million in seed funding in a round led by Nauta Capital.
The company, which was founded last year in Valencia (Spain), has previously raised a pre-seed round from Seedcamp and Martin Henk, the co-founder of Pipedrive. During 2020, QueryLayer built the platform working closely with privacy and security executives of several scale-ups and now plans to use the seed funding to finance product, sales and marketing.
QueryLayer helps businesses to become “Good Data Brands”, leveraging automated workflows and PrivacyUX to build customer loyalty based on the transparent
Forterro, a European provider of ERP software solutions to nearly 8,000 mid-market manufacturing and production companies, has acquired myfactory, a provider of cloud-based ERP software to more than 2,000 wholesalers and manufacturers in DACH.
The acquisition expands Forterro’s total addressable market in DACH, and nearly doubles the number of customers served by the group in the region.
myfactory will operate as a standalone business within Forterro. David Lauchenauer, CEO of myfactory, will continue overseeing the business in the role of general manager with the support of his existing management team.
Iron Mountain Incorporated is to acquire ITRenew, a portfolio company of ZMC. The transaction is subject to customary closing conditions.
ITRenew has established itself as a leading IT Asset Disposition (ITAD) provider serving the global hyperscale segment, focused on maximising the lifetime value of data centre technology through sustainable asset disposition, recycling and remarketing solutions. With its comprehensive portfolio of best-in-class decommissioning and data security services, ITRenew enables its customers to securely protect their data, maximise the value of their hardware assets, and have a positive impact on the environment through IT Asset circularity.
Vistra has launched a new investor servicing portal, VFunds 2.0, which is powered by Eleven. The launch includes the seamless migration of Vistra’s entire US business to VFunds 2.0.
VFunds 2.0 is now being rolled out to clients around the world. It brings Vistra’s Investor Relations teams new capabilities to easily and accurately deliver investment documents and communications to investors inside each client’s own branded, interactive online environment. It simultaneously enables investor contacts to easily access the documents they need and across multiple investments.
Fonds Finanz, a tech-enabled financial intermediary pool focused on the German insurance sector, has secured a majority investment from Hg, a software and services investor.
Co-founders Norbert Porazik and Markus Kiener, will continue to run Fonds Finanz and will lead the future development of the company. Both founders remain significant shareholders in the business. The terms of the transaction have not been disclosed
TA Associates, a global growth private equity firm, has made a strategic growth investment in Adcubum AG, a Swiss health and property & casualty (P&C) insurance software provider, and tech11, an insurance software provider serving the P&C market in Germany and across Europe.
The investment will create a major software provider in the health and P&C markets in Europe, leveraging the momentum of both Adcubum and tech11. Financial terms of the transactions have not been disclosed.
Northlane Capital Partners (NCP) has sold its portfolio company Discovery Data Holdings (Discovery) to Institutional Shareholder Services (ISS), a provider of corporate governance and responsible investment solutions, market intelligence, fund services, and events and editorial content for institutional investors and corporations.
Discovery Data is a provider of data and information services to the financial services industry. Discovery’s platform empowers asset and wealth management firms, insurance companies, financial technology companies, and service providers to understand their target markets and to identify, assess, and seize new opportunities.
Software and services investor Hg has made a significant investment in Pirum Systems (Pirum), a provider of post-trade automation and collateral management technology for the global securities finance industry.
Hg will share joint control with Pirum’s current backers Bowmark Capital, the technology and services investor, which invested in the company in 2019. The Pirum management team will also retain a significant stake in the business.
Events
12 November, 2026 – 8:00 am
12 November, 2026 – 5:00 pm
