Maven Capital Partners, manager of the £20m Finance Durham Fund, is open for business in the North East after moving into Salvus House at Aykley Heads, the new £3.4m office building run by Business Durham.

National law firm Shoosmiths has advised Spence Johnson on its sale to world leading fintech company, Broadridge, in a deal that sees the creation of a unique single industry data source.

Maven Capital Partners announces £30 million VCT fundraise, reflecting a strong pipeline of opportunities to invest in high-growth UK private companies.

Maven Capital Partners has led the £3.5 million investment in Contego Fraud Solutions, to support the continued growth of the business. The transaction is being jointly funded by Maven and NVM Private Equity (“NVM”) which are investing £1.8 million and £1.5 million respectively. The remaining £0.2 million is being funded by existing investors.

YFM Equity Partners has invested £3m into Friska Limited, a Bristol based chain of food-to-go restaurants offering ‘feel good food’ throughout the day.  The funding will be used to support the roll out of the brand into new cities across the UK.

App commerce company Poq (https://poqcommerce.com/) has secured £3.5 million in its latest funding round, led by growth capital investor Beringea with additional funding from Meyer Bergman and Barclays. This round brings the total amount raised by Poq so far to £7 million.

NVM Private Equity has invested £3m in London based Knowledgemotion the creators of boclips – a video platform designed specifically for the education sector.

Growth capital investor Beringea announced that APM Healthcare has been acquired by national pharmacy chain, Day Lewis Pharmacy. In the sale, Day Lewis will take over APM Healthcare’s 18 UK pharmacies, which it runs in Joint Venture Partnerships with GP Practices across the country. 

Foresight Group has completed a £3.45m investment into Mowgli Street Food Limited to fund the roll-out of restaurants around the UK. Mowgli Street Food is a chain of authentic Indian street food restaurants that offer food which is packed with flavour. The Company currently has restaurants in Liverpool and Manchester, with plans to expand to Birmingham and Leeds later this year. 

Foresight Group has made a £2.25 million growth capital investment into Cinelabs International on behalf of Foresight VCT.

Locum’s Nest, a mobile first platform founded by doctors which is revolutionising the way staffing shortages are addressed in the NHS, has completed a £1.1m funding round led by Albion Capital and IDO Investments, an innovation firm based in Oman. The investment will be used to expand Locum’s Nest nationally and add additional functionality to the service.

5 July 

Beringea has sold its shares in Third Bridge - a firm that provides primary research and market intelligence to over 300 financial services clients globally. The exit is part is part of a deal with Pan-European private equity firm IK Investment Partners.