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This week's: INVL Asset Management UAB, Alter Equity, Summit Partners, Panoramic Growth Equity.
Table of Contents
Add-on: INVL Asset Management UAB
Eco Baltia Acquires PVC Windows Recycler, Metal-Plast
Backed by INVL Asset Management UAB (via INVL Baltic Sea Growth Fund), Eco Baltia ( €241 million of revenue in 2022, Riga / LVA), an environmental management group specializing in recycling and waste collection, as well as street and road maintenance, acquires 70% of Metal-Plast (€34 million of revenue in 2022, Lower Silesia / POL), a company specializing in the recycling of PVC windows. Metal-Plast’s founder will retain a 30% minority stake in the company. INVL Baltic Sea Growth Fund and Eco Baltia will support Metal-Plast in increasing its recycling capacity.
Acquisition: Alter Equity
Developer of Mental Support Platform, Teale, Raises €10 Million
Teale (Île-de-France / FRA), a start-up which develops a platform to monitor and take care of the mental health of employees within companies, raised €10 million during a Series A funding round carried out with Alter Equity, Bpifrance Digital Venture and historic investors Evolem and ISAI. This investment will allow Teale to strengthen its teams and realize its ambition to become a European leader in mental health.
Acquisition: Summit Partners
Summit Partners Invests in Testing, Inspection and Certification Services Provider CERTANIA
Summit Partners has made a growth investment in CERTANIA (Bavaria / DEU), a provider of testing, inspection and certification (TIC) services specializing in the fields of health and sustainability. Alongside existing investor GREENPEAK Partners, Summit Partners will support CERTANIA in expanding its geographical reach and service offerings.
Fundraising: Panoramic Growth Equity
Panoramic Announces the Closing of Panoramic SME Fund 3 at £100 Million
Panoramic Growth Equity announces the closing of Panoramic SME Fund 3 at £100 million. The fund was subscribed by a group of investors composed of institutional investors and investors of previous funds. Panoramic SME Fund 3 will support UK-based regional SMEs by providing a ticket of between £2 and £8 million and combining equity investments with loan investments.
