Private equity firm NorthEdge has backed the primary management buyout of Altia-ABM, a specialist investigation and covert operation software business.

Nottingham and Glasgow based Altia-ABM develops specialist investigation software for government departments and law enforcement agencies in the UK, Canada and Australia. The firm, which predominantly works with customers in the public sector, allows police forces and investigation teams to automate processes using technology, which reduces time and money spent on investigations and improves prosecution rates. 

The pan-European private equity firm Silverfleet Capital has agreed to sell its majority stake in 7days, a German supplier of workwear for the healthcare industry, to a consortium of private equity firms, Chequers Capital and Paragon Partners, generating a 3.1x gross money multiple. Completion of the transaction is subject to regulatory approval and is expected by January 2021.

M Squared, the photonics and quantum technology developer, has raised significant new financing of £32.5m as it expands its backers to support its growth and technology developments. 

IP Investment Management, a Hong Kong-based boutique real estate investment manager and Maven Capital Partners, a leading UK property and private equity manager, have partnered to build Manchester’s first Hampton by Hilton hotel.

Icelandic airline software vendor Dohop has raised an undisclosed growth equity round from Scottish Equity Partners (SEP). With this investment, Dohop will be able to accelerate its plans to transform how airlines and other travel providers enable passengers to build complex itineraries as the global travel industry transforms in the wake of the Covid-19 pandemic.

BGF has completed a multi-million pound investment for a minority shareholding in a Teesside-headquartered Engineering Information Management (EIM) software company, Datum360, to accelerate growth and address significant market demand.  

Datum360’s software platform connects disparate systems, providing a trusted data backbone which manages the life cycle of critical engineering and asset management data for a range of blue-chip customers from the fields of energy, mining, utilities, road and rail infrastructure.

Elmtronics, the leading independent provider of charging points, has raised  £1.5 million funding from the North East Venture Fund (NEVF) and the Ingenious Infrastructure Ventures EIS Service.

The investment, which follows the announcement that the government is to ban the sale of new petrol and diesel cars from 2030, will allow Elmtronics to step up its work in underserved UK regions.

Based in Consett and with offices in Bristol, Manchester and London, Elmtronics supplies and installs public charging stations as well as those for homes and businesses. Its clients include Nike, the NHS, National Grid, FedEx, Taylor Wimpey and a number of city councils.

Downing Ventures has led the first closing of the $15 million Series A funding round for Carbice Corporation with additional funding provided by Toyota AI Ventures.

Carbice produces Carbice® Carbon, a product that lowers device temperatures and dissipates heat away from product packaging. It is being used in space applications within satellites as well as in many terrestrial applications, and leads the industry on long-term reliability in diverse operational environments. Carbice® Carbon technology provides the only thermo-interface solution on the market allowing for thermo-connectivity management that is simple to make and easy to handle, apply and rework. These funds will allow Carbice to attract top talent to help grow their sales and marketing functions and enable the company to scale their production to meet the significant product demand.

TransferGo, one of the world’s fastest growing money transfer companies, has received £4m in financing from Silicon Valley Bank UK Branch (SVB), the bank of the world’s most innovative companies. This will enable the business to further develop and expand its real-time payments platform for consumers, SMEs and enterprise clients.

The digital healthcare consent platform, Flynotes, has successfully secured funding from NPIF - Maven Equity Finance, managed by Maven Capital Partners and part of the Northern Powerhouse Investment Fund, and the GM&C Life Sciences Fund, managed by Catapult Ventures. 

Flynotes is addressing a major issue faced by doctors, dentists and patients alike: gaining valid and informed consent prior to delivering or receiving dental and medical treatment. Its platform provides a simple and effective digital solution to the current paper-based consent and disclosure process. This innovative interface between patients and health professionals is streamlining consent to treatment, removing inefficiencies brought about by paper forms and providing a fully compliant audit trail.

Livingbridge has agreed the sale of Giacom, a specialist cloud services marketplace which provides cloud services to SMEs via the Information Technology Consultants ('ITCs') community.

Opteran, the Natural Intelligence company, has raised £2.1 million in seed funding. Opteran will use the funds to pioneer its radical lightweight, low cost silicon-based approach to autonomy called Natural Intelligence and expects its technology will significantly expand the potential addressable market for autonomy in machines and robotics.

The round was led by IQ Capital with Episode1, Join and Seraphim Capital also participating. Following on from a pre-seed round from the Connecting Capabilities Fund of the British Business Bank, the latest funding round also includes angel investors and a CCF grant, a part of the Northern Triangle Initiative.