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NEWSLETTER | 17 Mar 2021  
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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.

 
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  LATEST NEWS
Albright Capital's John Yonemoto on how EM policy makers have responded to the pandemic
Wed | 17 Mar 2021, 11:59
In this week’s podcast, Private Equity Wire picked the brains of Albright Capital CIO and co-founder John Yonemoto to find out how EM policy makers responded to the pandemic, whether events that unfolded in 2020 have reinforced some of the beliefs LPs might hold regarding EM private markets, and some of the investment risk disparities between developed and emerging markets at the moment.
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Leveraging technology for increased investor engagement
Wed | 17 Mar 2021, 11:59
Limited partners (LPs) are becoming more risk-averse and demanding increased transparency from the general partners (GPs) with whom they work. In turn, GPs recognise the value in strengthening their relationships with LPs, and are more open to using technology to provide LPs with a seamless experience. Angelica Tigan, Director at BlackRock and Global Head of Business Development for eFront Investment Café, discusses the impact that the pandemic has had on LP/ GP relations, as well as recent developments in investor relationship management tools.
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Ares Management Corporation closes USD3.7bn Pathfinder Alternative Credit Fund
Wed | 17 Mar 2021, 11:59
Ares Management Corporation (Ares) has held the final closing of its Ares Pathfinder Fund, with USD3.7 billion in total commitments. The Fund was significantly oversubscribed at its hard cap and exceeded its original target of USD2.0 billion.
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Mainspring and Aspida launch USD550m Guernsey-domiciled private investment fund
Wed | 17 Mar 2021, 11:59
Mainspring Fund Services and Aspida Group have partnered to provide Guernsey-domiciled private equity and venture capital funds with a comprehensive solution for fund administration, compliance, governance and reporting.
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Inovia Capital closes second growth-stage fund at USD450m
Wed | 17 Mar 2021, 11:59
Inovia Capital has held the closing of its second growth fund with USD450 million in committed capital. 
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Equita Private Debt Fund II reaches EUR131.5m of total commitments
Wed | 17 Mar 2021, 11:59
Equita, an independent Italian investment bank, has held an additional closing of Equita Private Debt Fund II (EPD II), the PIR compliant Italian closed-end fund managed by Equita Capital SGR.
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FlowStone Partners reaches USD100m in AUM after only six quarters
Wed | 17 Mar 2021, 11:59
FlowStone Partners has exceeded USD100 million of assets under management (AUM) in the FlowStone Opportunity Fund. The 1940 & 1933 Act registered investment vehicle was launched in August 2019 to provide qualified high-net-worth and smaller institutional investors with diversified exposure to private equity through an actively managed secondary-focused strategy. 
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New PE and VC emerging manager platform launched by Anchin
Wed | 17 Mar 2021, 11:59
Anchin, Block & Anchin (Anchin) has launched an emerging manager platform for start-up and early-growth hedge, private equity, real estate and venture capital funds, offering a mix of traditional and non-traditional professional services across audit, tax, advisory and consulting. 
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C5-backed IronNet Cybersecurity to list on NYSE through GL Systems Acquisition Corp merger
Wed | 17 Mar 2021, 11:59
IronNet Cybersecurity (IronNet), a cybersecurity specialist backed by private equity investor C5 Capital, is to merge with LGL Systems Acquisition Corp, a special purpose acquisition company (SPAC). 
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SPACs impacting autotech exit market, says Hampleton Partners
Wed | 17 Mar 2021, 11:59
The latest Autotech M&A market report from Hampleton Partners, the international technology mergers and acquisitions advisor, reveals how two of the three largest autotech transactions during the second half of 2020 were led by "special purpose acquisition companies" (SPACs). 
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Brazilian plant-based meat brand The New announces new investment from Lever VC and Paulo Veras
Wed | 17 Mar 2021, 11:59
The New, one of Latin America’s fastest-growing plant-based meat brands, has secured funding from Lever VC, a global investor in the alternative protein space, and Paulo Veras, Founder and CEO of 99, Brazil’s first tech unicorn. Funding will be used to complete expansion of a 1,000 sq m production facility amid heavy demand for the company’s products at national and regional retailers. 
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Peloton Capital Management and Stephen Smith acquire Glass Lewis
Wed | 17 Mar 2021, 11:59
Peloton Capital Management and Stephen Smith have acquired Glass Lewis from Ontario Teachers’ Pension Plan Board (Ontario Teachers’) and Alberta Investment Management Corporation (AIMCo).  
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PatSnap secures USD300m Series E funding
Wed | 17 Mar 2021, 11:59
PatSnap, a global leader in Innovation Intelligence, has secured USDD300 million in Series E funding. 
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MintGreen raises seed round from CoinShares and other investors to use bitcoin mining to monetise heat generation
Wed | 17 Mar 2021, 11:59
MintGreen has closed a seed financing round, led by CoinShares Ventures, the investment arm of the publicly listed digital asset investment firm, as it looks to deploy the first large-scale commercial project to harvest heat from bitcoin mining.
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Level secures significant capital raise to support growth in family and private client law lending
Wed | 17 Mar 2021, 11:59
Guernsey-based 1818 Venture Capital has made a substantial equity investment in Level, a UK-based and FCA regulated lender within the family and private client law sectors, and set up a dynamic new debt facility for the company, representing a combined total investment approaching GBP20 million.
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Citizens advises Tube Processing Corporation on sale of CTP division to Nelson Global Products
Wed | 17 Mar 2021, 11:59
Citizens M&A Advisory has served as the exclusive M&A advisor to Tube Processing Corporation in its sale of its Commercial Tube Processing Division (CTP) to Nelson Global Products, a portfolio company of Wind Point Partners.
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ICV Partners announces majority investment in Cherry Tree Dental
Wed | 17 Mar 2021, 11:59
ICV Partners, LLC, an investment firm focused on lower middle market companies in business services, consumer goods and services, food and beverage, and healthcare, has made a majority investment in Cherry Tree Dental (Cherry Tree), in partnership with Co-CEOs Steve Sorrel and Jack Young. 
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BC Partners invests in Davies to support global expansion and digital transformation
Wed | 17 Mar 2021, 11:59
Funds advised by BC Partners, an international investment firm, are to to acquire a majority stake in Davies, a specialist professional services and technology business serving the global insurance market.  
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Arsenal acquires Applied Adhesives from Goldner Hawn
Wed | 17 Mar 2021, 11:59
Goldner Hawn has sold Applied Products (Applied Adhesives), a manufacturer and distributor of adhesive products and thermal product solutions in North America, to Arsenal Capital Partners (Arsenal). The terms of the transaction have not been disclosed.
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TA Associates makes USD100m investment in Appfire
Wed | 17 Mar 2021, 11:59
Appfire, a provider of apps that help teams solve modern challenges with digital solutions, has received a USD100 million investment from TA Associates, a global growth private equity firm.  
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Socure closes USD100m in round led by Accel
Wed | 17 Mar 2021, 11:59
Socure, a specialist in 100 per cent digital identity trust, has secured USD100 million in a Series D round of funding led by Accel, with participation from existing investors Commerce Ventures, Scale Venture Partners, Flint Capital, Citi Ventures, Wells Fargo Strategic Capital, Synchrony, Sorenson, Two Sigma Ventures, and others. 
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Bowmark Capital sells investment in Oxford International
Wed | 17 Mar 2021, 11:59
Bowmark Capital has agreed to sell its stake in Oxford International Education Group, an international education provider, as part of two simultaneous transactions – the sale of the company’s schools division to Nord Anglia Education, and the sale of its university partnerships, online learning and languages business to a management buy-out, backed by THI Investments. 
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Nuventura raises new funding to support global expansion of SF6-free gas insulated switchgear
Wed | 17 Mar 2021, 11:59
Deep Tech start up Nuventura has launched a new funding round in order to make the crucial next steps towards the product’s industrialisation and prepare for expansion into other markets. In December 2020 deep tech startup Nuventura successfully closed an equity funding round of EUR2.5 million in extension of its 2019 seed round. 
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Digitising the search for capital

In this webinar, produced in conjunction with FIS, we will look at how digitisation has changed the way PE groups approach sourcing capital in the global marketplace.  

 
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