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19th August 2019

Maven invests £2 million in high-growth FinTech provider Delio

Maven Capital Partners, one of the UK’s most active private equity houses, has invested £2 million in high-growth FinTech provider Delio Limited. The funding will support the business scale its international sales team across key global financial locations in Europe, Asia, the Middle East and North America.

19th August 2019

Appnovation Receives £9.3m in Equity Financing

Appnovation has received £9.3m in equity financing from a joint partnership between the Canadian Business Growth Fund (CBGF) and the UK’s BGF. The investment will allow Appnovation to accelerate its international growth and expansion strategy, spurring jobs and economic growth in Canada, the UK and beyond.

 

Appnovation is a full-service digital consultancy, focused on delivering meaningful business outcomes that drive innovation, growth and ultimately value for its clients. Through digital strategy and a deep industry focus across a variety of verticals (including some of the largest financial services and pharmaceutical companies in the world),Appnovation’s expertise with user-centric, design-led experiences and open technology platforms, helps brands to better engage their customers.

19th August 2019

BiVictriX strengthens board and completes fund-raising round

BiVictriX has announced that Dr Michael Carter has joined its board as a Non-executive Director, and that it has completed aninternal fund-raising round enabling development of its project portfolio and technology platform.

19th August 2019

BDO Leeds advises Sukhothai on partial MBO

BDO LLP has advised the management team and shareholders at Sukhothai on its recent recapitalisation. Sukhothai, the Leeds-based Thai casual dining group operating under the Sukhothai and Zaap brands has used funding provided by HSBC to facilitate a partial-MBO from founders Gerrard Marks and Yupha (Ban) Kaewkraikhot by members of the current management team.

12th August 2019

Panoramic supports Manchester based Vaioni in next phase of growth

Panoramic Growth Equity, a leading equity investor in fast growing, entrepreneurial UK companies, has invested in a multi-million pound growth capital package from its second fund into multiple award winning internet connectivity specialist, Vaioni Group Limited.

Founded by Sachin Vaish in 2008, Vaioni continues to disrupt the UK SME & Mid-Markets with its award-winning connectivity & WAN portfolio, using its ultra-reliable National Ethernet Platform - V.E.N. The network currently connects 250,000 postcodes across 100 UK cities and towns with 100Mbps - 10Gbps internet speeds, including strategic relationships with all the top UK Carriers to reach locations outside of its own network. Vaioni is proud to offer high availability, ultra-fast connectivity solutions, combined with 100% Core Network availability and extraordinary customer service and engagement.


9th August 2019

Beauhurst reveals the most active venture capital firms (by stage of evolution)

There are ambitious companies at all stages of evolution that are looking for growth capital. Private Equity and Venture Capital houses are most prolific type of fund providing equity in the UK, and so they meet much of this demand. It can be generally observed that Private Equity firms invest in more established, post-profit companies, while venture capital funds have riskier portfolios filled with younger companies. However, even further specialisation can be found across these equity investors. Beauhurst looks at the most active private equity and venture capital funds in 2018, by the number of investments they made into companies at each stage of evolution; seed, venture, growth and established.

8th August 2019

Paul Lehair joins AlbionVC as Investment Manager

AlbionVC, the technology investment arm of Albion Capital, has appointed Paul Lehair as an investment manager.

Paul joins Albion from Citymapper where he was finance director for five years having joined when the company had less than 10 employees. Prior to this he worked in business operations at Viagogo and in M&A covering the TMT sector at Citigroup.

7th August 2019

NPIF - Maven invests £1.5 million in Fast-Form

NPIF - Maven Equity Finance, managed by Maven Capital Partners and part of the Northern Powerhouse Investment Fund has invested £1.5 million in specialist formwork manufacturer, Fast-Form Systems Limited. The funding will enable the company to execute its ambitious marketing strategy, continue to exploit growth opportunities in the US and create 11 new jobs.

7th August 2019

NPIF invests £150,000 in Grimsby-based ProGen Services

The Northern Powerhouse Investment Fund (NPIF), has invested £150,000 to support ProGen Services Limited as it seeks to recruit new staff.

Founded in 2014, the Grimsby-based company is an industrial and commercial electrical and mechanical contractor. Progen provides fully integrated mechanical, electrical, instrumentation, control and automation (MEICA) turnkey operations across the UK. 

The £150,000 funding will enable the creation of at least 10 new jobs, including a new apprenticeship programme. The investment will also be used to scale up the business by acquiring new customers.

7th August 2019

AndWider raises €598,000 from ClearlySo to improve working conditions for vulnerable workers

AndWider, a worker engagement company that offers its clients clarity on working conditions alongside support to drive improvements where needed, announces that it has raised €598,000 in equity funding, surpassing its fundraising goal, with the help of ClearlySo, Europe's leading impact investment bank. The funding will be spent on scaling technology and bringing software development in-house as well as expanding support and sales teams.

7th August 2019

Bombora makes waves with Development Bank of Wales funding

Innovative wave energy technology developer Bombora has secured a seven figure working capital facility with the Development Bank of Wales in a move that will help secure the company’s future in Wales.

Last year the company was awarded a £10.3m grant from the European Regional Development Fund through the Welsh Government. The new working capital facility with the Development Bank will help Bombora to manage its cash flow while the grant is received over the next two years.

6th August 2019

Pamplona Capital Management Completes Acquisition of Loparex

Pamplona Capital Management has completed its acquisition of Loparex from funds managed by Intermediate Capital Group, alongside members of the company’s leadership team, who remain committed to supporting the long-term growth of Loparex’s customers. Simon Medley will continue to serve as CEO.

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