Angela Sormani

Adveq, LPFA co-invest in Secured Mail with Next Wave Partners

Adveq and the London Pensions Fund Authority, a local government pension scheme fund have made their first direct co-investment with Next Wave Partners, a UK-based growth capital investor. The investor group has backed Secured Mail which specialises in efficient bulk mail and e-commerce packet delivery.

DXP Enterprises to purchase Champlain Capital Partners' B27

DXP Enterprises is to acquire B27, which is owned by Champlain Capital Partners. DXP will acquire all of the equity securities and interests of B27 at a purchase price of approximately $285 million.

Hastings Equity Partners backs Extreme Plastics Plus

Hastings Equity Partners has made its first Fund III investment in Extreme Plastics Plus. EPP is an oilfield environmental services company focused on protecting well sites, such as pads and pits, from liquids leaking into the soil and surrounding area.

LGT Venture Philanthropy and Berenberg reach first close of social impact fund

LGT Venture Philanthropy and Berenberg have reached a first close of their social impact fund, Impact Ventures UK. Investors include the London Borough of Waltham Forest Pension Fund, Deutsche Bank via the DB Impact Investment Fund, Stichting Anton Jurgens Fonds and The Golden Bottle Trust, in addition to a cornerstone investment from Big Society Capital.

Flipboard closes $100m Series C

Social news app Flipboard has closed a $100 million series C round, according to a report from Forbes. The company closed a $50 million round of funding led by Rizvi Traverse Management. The completed Series C round brings total funding in the company to $160 million, according to Forbes.

Advent International leads Ocensa deal

An investor group led by Advent International is to acquire a minority interest in Oleoducto Central S.A., a Colombian crude oil transportation system. Colombia’s two largest pension funds Sociedad Administradora de Fondos de Pensiones y Cesantías Porvenir S.A. and Administradora de Fondos de Pensiones y Cesantía Protección S.A. will join Advent, through a co-investment fund formed by Advent. Completion of the transaction is subject to customary closing conditions and is expected to take place within the next few weeks.

Czech Asset Management closes second direct lending fund

Czech Asset Management has reached a final close for its second direct lending fund with total commitments of $1.5 billion, exceeding its $1 billion target and hitting its $1.5 billion hard-cap. SJC II is the second billion dollar-plus direct lending fund raised by CAM within the past 34 months.

peHUB First Read

Start off this Tuesday morning with the latest in corporate finance updates, an insight into how start-ups innovate and solar power's new record.

Jobs of the week: Blackstone, Broadview Ventures, CalPERS and Goldman Sachs are hiring

If you’re on the job hunt here are the private equity related offerings peHUB is highlighting this week from Blackstone, Broadview Ventures, CalPERS, Goldman Sachs and PIMCO.

Navigat secures backing from SCPE

Navigat Group Pte has received a $25 million investment from Standard Chartered Private Equity. This second round of equity investment was made in conjunction with a $270 million debt refinancing for Navigat where Standard Chartered Bank was advisor to the company and joint lead arranger with OCBC Bank.