Gresham House invests £63m into UK full-stack high-speed internet provider
Gresham House, a specialist alternative asset manager, has invested GBP63 million into full-stack UK internet service provider Telcom Group through its British Strategic Investment Fund (BSIF). The commitment will enable Manchester-based Telcom Group to accelerate its delivery of ultrafast and reliable fibre connectivity to commercial and residential properties across the UK, underpinned by its own […]
Mubadala to invest $400m in African private equity with French investment bank
Mubadala has agreed to invest 350 million euros ($414 million) in African private equity funds with French, state-owned investment bank Bpifrance, WAM reported. The two companies aim to make joint investments in top-tier African private equity and venture capital funds, with a focus on high-growth African startups, SMEs and mid-caps. The investments will focus on […]
Nordic Capital raises over €1.2bn for first mid-market Evolution Fund in a record three months
Nordic Capital has held the first and final close of its first Evolution Fund at just over €1.2 billion (including GP commitment of 6.8 million per cent). Launched in April 2021 and raised in only three months, the Fund was substantially oversubscribed at its hard cap and significantly exceeded its target. With the Evolution Fund, […]
OpenGate Capital Completes Acquisition of ScioTeq and TREALITY from TransDigm Group
OpenGate Capital, a global private equity firm, announced today that it has completed the acquisition of the ScioTeq and TREALITY Simulation Visual Systems (“TREALITY”) businesses from TransDigm Group Incorporated (NYSE: TDG). ScioTeq and TREALITY develop and manufacture advanced visualization solutions including ruggedized displays and simulation systems to serve a diversified, customer base across avionics, aerospace, […]
Virti raises $10m to optimize human performance for the global workforce
Digital training platform Virti has raised USD10 million in a Series A to further its goal of improving human performance using world-class interactive technology. The round was led by deeptech investors IQ Capital and joined by Cedars-Sinai Medical Center and a new, UK-based learning technology VC fund. Virti helps organisations optimise learning, training and performance […]
Investcorp invests in Heritage Foods
Investcorp has invested in Heritage Foods, a buy-and-build platform of condiments and sauces brands with long-standing heritage in Singapore, Malaysia and Japan. The transaction was in partnership with China Resources and Fung Strategic Holdings Limited and concluded through the Asia Food Growth Fund I, a dedicated private equity fund investing in a diversified portfolio of […]
Velocity Ventures announce first close of $20m hospitality and travel fund
Velocity Ventures, a hospitality and travel-focused venture capital firm based in Singapore, announces the initial closing of the first-ever venture capital fund dedicated to hospitality and travel startups. The fund has a Covid-19 themed investment mandate, focusing on supporting distressed and disrupting seed and early growth stage hospitality and travel startups in Southeast Asia. The […]
€3.6tn investor coalition launches to bring about a ‘just transition’ to a low carbon future
Finance for Tomorrow has announced the launch of Investors for a Just Transition, the first global investor engagement coalition focused on promoting a socially acceptable transition to low-carbon economies. The founding members of the coalition will commit to engaging with companies, encouraging them to integrate the social aspects of the transition into their strategies and […]
Private equity firm Flexpoint Ford completes £231.6m acquisition of AFH
Private equity investment firm Flexpoint Ford, which specialises in the financial services and healthcare industries, has completed its acquisition of UK financial planner AFH Financial Group for £231.6m ($327.5m, €272.6m). Flexpoint Ford will acquire the UK wealth firm via Cortina Bidco, a newly incorporated company indirectly controlled by the US-based private equity firm. Daniel Edelman, […]
VCM Global Asset Management Invests $30m in MillTechFX
VCM Global Asset Management (VCM) has made a $30 million investment in MillTechFX, the fintech arm of the Millennium Global Group, to accelerate disruption of the world’s USD6 trillion a day Forex market. VCM is buying a significant stake after its private equity arm found itself paying steep FX transaction fees on a recent multifamily […]
