AND Digital secures follow-on round from BGF
AND Digital, a British tech consultancy aiming to accelerate digital delivery for businesses by providing access to tech talent, has secured GBP8 million in follow-on funding from BGF, one of the UK’s most prominent growth economy investors. “Since our inception, there’s been a pressing need for digital skills to become foundational to every organisation, regardless […]
Ten fast-growing scaleups drove UK tech boom in 2020, Tech Nations’ report shows
Ten scaleups, which between them secured 20 per cent of total UK tech VC investment at USD3.5 billion drove UK tech in 2020, according to Tech Nations’ latest report on the state of the UK tech sector. Octopus Energy, Arrival, Cazoo, Gymshark, infobip, Gousto and Hopin were the seven unicorns to achieve unicorn status in […]
New fintech firm Quva has sights set on digital transformation of PE and VC firms
A North-East based fintech firm has been launched with the aim of digitally transforming the way private equity firms, venture capital funds and angel investment networks currently manage the end-to-end investment process. Quva has been established by FCA authorised fintech firm Growth Capital Ventures (GCV) and was developed within its venture builder division G-Labs, which […]
Talend to go private in $2.4 billion deal with Thoma Bravo
Data solutions firm Talend will go private in a $2.4 billion all-cash deal with private equity firm Thoma Bravo, the companies said on Wednesday. Shareholders of Talend, whose software helps businesses crunch large amounts of data, will receive $66 per ordinary share and ADS in cash. The offer represents a premium of 28.7% to Talend’s […]
How Salesforce became Silicon Valley’s best late-stage tech investor
Last week, Salesforce reported a $2.17 billion annual gain from its investments in other tech companies. A few days later, the company’s venture arm extended its winning streak with another big exit. In a boom time for large tech IPOs and software consolidation, Salesforce’s name is showing up everywhere. CEO Marc Benioff has proven that he’s not only a mega-dealmaker when it comes […]
Louis Vuitton owner backed PE firm L Catterton launches $250 mln SPAC
L Catterton, a private equity firm founded by Louis Vuitton owner LVMH and French billionaire Bernard Arnault, has launched a blank-check firm that aims to raise about $250 million in an initial public offering, a regulatory filing showed. Founded in 1989, L Catterton has $22 billion in assets under management and has invested in companies […]
Permira selling 12 million shares in Germany’s TeamViewer
Private equity investor Permira is selling 12 million shares in German software company TeamViewer through an accelerated bookbuilt offering, the bookrunner on the deal said on Tuesday. Permira floated TeamViewer in September 2019 and has since sold down its stake gradually. At Tuesday’s closing price of 46.50 euros, the stake would be worth 558 million […]
Rise Fund led consortium invests in Hg controlled Benevity
Benevity, Inc., a leading provider of global corporate purpose software, today announced that The Rise Fund and Generation Investment Management (Generation) have joined Hg in support of Benevity’s mission to power purpose-driven businesses. Hg, a leading global software investor, became a majority investor in Benevity in December 2020 and is bringing The Rise Fund and […]
CYE Raises $100 million in Funding Round To Boost Expansion Plans
Cybersecurity firm CYE has raised more than $100 million in a financing round, led by the global investment organisation EQT Private Equity, with participation from existing investor 83North. Founded in 2012 and headquartered in Israel – with offices in the US and UK – CYE counts Investec Bank, UBS and Swiss payment app TWINT among its clients. CYE’s solutions […]
Hobsons’ Higher Ed Business Split and Sold in Separate Deals Totaling $410M
Hobsons, which offers a suite of software for college and career planning, admissions and enrollment, and student success and advising, will be broken up and sold in a pair of transactions totaling approximately $410 million. The company’s owner, the Daily Mail and General Trust (DMGT, which is also the publisher of the British newspaper Daily […]
