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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.

6th August 2019

Kemp Little advises Apse Capital on purchase of Ultima Business Solutions

Kemp Little has advised private equity house Apse Capital in a deal with intelligent transformation provider Ultima Business Solutions. Apse Capital founder Max McNeill becomes a significant minority shareholder in a deal which the businesses expect to spark further investment.

6th August 2019

Downing completes £5.7m exit from Upham Group-managed pubs

Investment manager Downing has exited from two freehold gastropub investments managed by Upham Group.

Both gastropubs – The Navigator in Swanwick and The Winning Post in Winkfield - have been acquired by Upham Group.

Downing first partnered with Upham Group in October 2015 and subsequently refurbished the gastropub locations, both of which also have letting rooms. Upham Group itself has 15 pubs located across Hampshire, Berkshire, Sussex and Wiltshire. Additionally, all of Upham’s pubs and inns feature a range of fine real ales brewed by Upham’s own brewery, also based in Hampshire. 

5th August 2019

France Invest & Deloitte publish sixth ESG Annual Report

France Invest, the French private equity and venture capital association, in partnership with Deloitte, and with the methodological support of Reporting 21, has published its sixth ESG Annual Report - 2018, which describes, quantifies and qualifies the French private equity industry's commitment to Environmental, Social and Governance (ESG) issues by investment firms and their portfolio companies.

 

5th August 2019

BGF funds Fleetondemand acquisition of FleetEurope

Fleetondemand, one of Europe’s leading mobility technology providers, has acquired Buckinghamshire-based vehicle management company FleetEurope for an undisclosed sum.  The significant deal was funded by Fleetondemand’s current long-term investment partner BGF, which acquired a minority stake in the technology business following a £5 million investment last year. BGF, the UK and Ireland’s most active investor, has committed more than £2 billion in over 285 growing businesses since it was set up in 2011.

5th August 2019

Wellington Partners raises €210 million life science fund

Wellington Partners has announced the final close of its fifth-generation fund Wellington Partners Life Science Fund V (WPLS-V).  

2nd August 2019

FNA announces $5.5m Series A funding to drive global risk reduction

FNA has closed a $5.5m Series A investment round led by IQ Capital, with participation from GETTYLAB. The funds will be used to further develop the FNA platform and solutions to help financial regulators and institutions operationalize advanced data analytics, identify fault lines in the financial system and prepare better for financial crisis and cyber threats.

2nd August 2019

Kernel Capital £1.6M investment in Belfast-based Automated Intelligence

Kernel Capital has led a £1.6m investment in Belfast-based Automated Intelligence, in syndication with private investors. The investment comprises of £750K investment from The Bank of Ireland Kernel Capital Growth Fund (NI).  Automated Intelligence has developed a data management platform AI.DATALIFT, giving customers insight and control over their ever-increasing volumes of data.  This is now a vital component of many significant UK organisations’ information governance frameworks with clients including DEFRA, Crossrail and NHS Trusts.  

1st August 2019

Bluegem acquires Pool Service and Medavita

Bluegem Capital Partners, the European mid-market fund focused on consumer brands,has announced the acquisition of Pool Service, the leading Italian professional hair care group and owner of the iconic Medavita brand, from the private equity house Accord Management and the Cattaneo family. 

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