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NEWSLETTER | 24 Mar 2021  

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PODCAST: Arrow Capital's Managing Director Sumit Mehta on SPACs & EM

In this week's podcast Private Equity Wire speaks to Sumit Mehta, Managing Director of Arrow Capital, about the growth of SPACs in emerging markets. The podcast looks into the differences between the US ecosystem versus emerging markets and forecasts the challenges that need to be resolved in order to fully leverage the trend globally. 

 
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  LATEST NEWS
Fulcrum Equity Partners closes oversubscribed Growth Fund IV at USD275m
Wed | 24 Mar 2021, 12:00
Fulcrum Equity Partners, a growth equity firm investing in healthcare services, HCIT, B2B SaaS, and tech-enabled services, has closed its fourth and largest fund to date, Fulcrum Growth Fund IV ("Fund IV"), which was oversubscribed with USD275 million in committed capital. 
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Social impact fund Valloop delivers compound annual growth of 16.1 per cent over five years
Wed | 24 Mar 2021, 12:00
Social impact fund Valloop, which was created to help employees and management buy the companies they work for, has delivered compound annual growth of 16.1 per cent over a five-year period between September 2015 and September 2020. 
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Lurra Capital participates in USD475m funding round for Dataminr
Wed | 24 Mar 2021, 12:00
Lurra Capital AG, a Swiss-based private capital investment firm, has participated in a USD475 million funding round for New York-headquartered Dataminr, one of the world’s leading AI companies.
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Omnio secures EUR30m in funding round led by GrayBella Capital
Wed | 24 Mar 2021, 12:00
Omnio, a specialist in Banking-as-a-Service, has secured EUR30 million in a funding round led by pan-European venture fund GrayBella Capital. 
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Meatable raises USD47m in Series A funding round
Wed | 24 Mar 2021, 12:00
Meatable, a cultivated meat startup, has closed a USD47 million Series A funding round, bringing the company's total funding to USD60 million. 
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Vórtx secures USD35m growth equity investment from FTV Capital
Wed | 24 Mar 2021, 12:00
Vórtx, a tech-enabled corporate and trust service provider for fund managers and corporate issuers in Brazil, has raised USD35 million in Series B funding, led by FTV Capital. 
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2020 was record year for investment and M&A activity for impact technology companies
Wed | 24 Mar 2021, 12:00
Data in the report ‘Impact investing and the rise of sustainable tech’ shows that impact technology companies are receiving a fast-increasing amount of private equity investment. As the sector matures, those raises are becoming larger and focused on later-stage companies.
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Mitratech secures strategic investment from Ontario Teachers'
Wed | 24 Mar 2021, 12:00
Mitratech, a provider of legal and compliance software, has secured a strategic investment from Ontario Teachers’ Pension Plan Board (Ontario Teachers’). 
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Gulf Capital acquires US healthtech companies for USD60m
Wed | 24 Mar 2021, 12:00
Gulf Capital, a growth markets alternative investment firm, has completed two strategic acquisitions of US healthtech companies for a total transaction value of USD60 million. 
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Utilis secures USD6m from Beringea
Wed | 24 Mar 2021, 12:00
Utilis, a pioneer of satellite-based infrastructure intelligence, has raised USD6 million from Beringea, a transatlantic venture capital firm, which will be used to accelerate the growth of its data-driven analytics enabling the detection of water leaks and infrastructure asset management.
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NorthEdge launches exclusive community platform for portfolio companies
Wed | 24 Mar 2021, 12:00
Mid-market private equity firm NorthEdge has launched a dedicated app to facilitate collaboration and encourage networking amongst its portfolio companies.
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Apax Funds to acquire ophthalmic lens specialist Rodenstock
Wed | 24 Mar 2021, 12:00
Funds advised by Apax are to acquire Rodenstock Group (Rodenstock), a manufacturer of premium ophthalmic lenses, from Compass Partners.
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London-based personal money app Ziglu raises nearly GBP900k through Angel Investment Network
Wed | 24 Mar 2021, 12:00
Personal money app Ziglu has raised nearly GBP900,000 through Angel Investment Network, as part of a GBP6.1 million seed round. 
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YEO Messaging launches private messaging app and opens crowdfunding
Wed | 24 Mar 2021, 12:00
YEO (Your Eyes Only) Messaging, an ultra-secure private messaging platform, has launched after completing a successful pilot phase. Users can now download the beta iOS App from the App Store and an Android version is also available. To coincide with the App launch, YEO Messaging opened their crowdfunding round to the public today. ]
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QPE-backed DCSL Software acquires GuideSmiths
Wed | 24 Mar 2021, 12:00
Queen’s Park Equity (QPE) portfolio company DCSL Software has acquired GuideSmiths Limited. The acquisition enables DCSL to offer an enhanced range of capabilities to clients, doubles the workforce and expands the Group internationally. The business will rebrand as DCSL GuideSmiths.
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GripAble raises GBP1.6m in pre-series A funding
Wed | 24 Mar 2021, 12:00
GripAble, a London based start-up digitising upper limb rehabilitation from hospital to home, has close a GBP1.6 million pre-series A funding round.
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Hg sells Trace One to Symphony Technology Group
Wed | 24 Mar 2021, 12:00
European software investor Hg is to sell its investment in Trace One to Symphony Technology Group (STG), a Palo Alto-based private equity firm focused on investing in the software, data analytics, and software-enabled technology services sectors.
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Capital D acquires majority stake in Qmee
Wed | 24 Mar 2021, 12:00
Private equity fund manager Capital D has become the first institutional investor in Qmee, acquiring a majority stake in the business.
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Shamrock invests in Learn on Demand Systems
Wed | 24 Mar 2021, 12:00
Shamrock Capital, a Los Angeles-based investment firm, has made an investment in Learn on Demand Systems, a specialist provider of virtual labs used to power hands-on, experiential technology training. Terms of the transaction were not disclosed. 
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nPlan secures USD18.5 million investment from GV
Wed | 24 Mar 2021, 12:00
nPlan, a company that uses machine learning to forecast the duration, risks and opportunities of construction projects, has secured an USD18.5 million investment round, led by GV (formerly Google Ventures).  
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Wabtec to acquire Nordco from Greenbriar
Wed | 24 Mar 2021, 12:00
Wabtec Corporation is to acquire Nordco, a North American supplier of new, rebuilt and used maintenance of way equipment with a broad product and service portfolio including mobile railcar movers and ultrasonic rail flaw detection technologies, from Greenbriar Equity Group LP. 
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Susquehanna Private Capital invests in home services franchisor Premium Service Brands
Wed | 24 Mar 2021, 12:00
Susquehanna Private Capital (SPC) has made an investment in Premium Service Brands (PSB), a leading Charlottesville, Virginia-based franchisor of multi-brand home services with a specialty in home improvement brands.
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Sun Capital Affiliate sells StonePoint to Arcosa
Wed | 24 Mar 2021, 12:00
An affiliate of private investment firm Sun Capital Partners (Sun Capital) is to sell StonePoint Ultimate Holding, and affiliated entities (StonePoint), to Arcosa, a provider of infrastructure-related products and solutions.  
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Osceola Capital forms Revelation Pharma Corp
Wed | 24 Mar 2021, 12:00
Osceola Capital (Osceola), a lower middle-market private equity firm, has formed Revelation Pharma Corp to pursue investments and partnerships across the pharmacy compounding market in partnership with industry veteran Jacob Beckel.
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Life sciences investor New Rhein sells respiratory company Softhale to Sino Biopharm
Wed | 24 Mar 2021, 12:00
New Rhein Healthcare Investors announced has agreed to sell its 60 per cent stake in Softhale NV to Sino Biopharmaceutical Limited for a USD110 million upfront payment plus a profit share. 
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Insightful Science teams with Dotmatics
Wed | 24 Mar 2021, 12:00
Insightful Science, a software provider serving the global life sciences community, is to acquire Dotmatics, a cloud-based scientific R&D data management platform.
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Adapttech secures GBP2m in new funding
Wed | 24 Mar 2021, 12:00
Biomedical startup Adapttech has raised GBP2 million in a new venture capital funding round. 
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Activa Capital sells Active Assurances Groupe to Meilleurtaux
Wed | 24 Mar 2021, 12:00
Active Capital has sold Active Assurances Groupe, a native digital broker of car and health insurance products, to the Meilleurtaux group after three years of ownership.
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American Residential Services appoints new Chief Executive Officer
Wed | 24 Mar 2021, 12:00
American Residential Services (ARS), the nation’s largest provider of residential heating, ventilation, air conditioning (HVAC), and plumbing services, has appointed Scott Boose as Chief Executive Officer. 
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North Sky Capital appoints new Chief Financial Officer
Wed | 24 Mar 2021, 12:00
North Sky Capital ("North Sky"), a specialist in impact private equity and sustainable infrastructure investing, has appointed Angela Wood as Chief Financial Officer, while North Sky’s long-time CFO, Denise Galvin, will be transitioning to a part-time role as Senior Advisor, where she will continue to provide advice on strategic decisions.  
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AssetMetrix appoints Head of Account Management to centralise client relationships
Wed | 24 Mar 2021, 12:00
AssetMetrix has established an Account Management function within its Business Development team.
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  SPECIAL REPORT
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Ireland ILP in Focus 2021

Ireland's amended Investment Limited Partnership (ILP) Act came into effect in February 2021. This report looks at how this long-awaited piece of legislation now means Ireland is on par with Luxembourg in terms of the investment structures it can offer. 

 
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