Medical device company Flow, creators of the first and only medically approved treatment for depression of its kind in Europe, today announces it has raised $1.5m in an investment round led by Khosla Ventures to tackle the world’s most urgent mental health challenges. The investment will be used to support Flow’s European rollout, introduce Flow to healthcare clinics, and fund clinical studies.

Broad Street Investment Management, a subsidiary of Broad Street Asset Management, the bespoke, independent wealth management business, has appointed Andrew Gibbs as its Chief Investment Officer.

With over 30 years’ investment management experience, focused on Asian, Emerging and Developed Market equities for major global institutions in Asia, America and Europe, Gibbs joins from Henderson Rowe Ltd. where he was a Senior Portfolio Manager and a member of their Investment Committee.

Workshare, the document comparison and transaction management specialist for the legal sector, has been acquired by Chicago-headquartered Litera Microsystems in a deal set to drive further innovation across the global legal software market.

The acquisition secures an exit for BGF, who first invested in Workshare in 2012. 

Graphite Capital, the leading UK mid-market private equity specialist, has recognised the contribution of members of its investment team with a number of promotions.

Bluegem II LP, a European mid-market fund focused on consumer brands, exited from its participation in Liberty, the British iconic brand and flagship store, in a secondary recapitalisation led by Glendower Capital, a global secondary private equity manager.

The transaction valuing the company at ca. GBP 300 million enterprise value reflects the work that Bluegem started nine years ago to transform Liberty from a loss-making department store into a vibrant brand and an iconic destination for the most discerning customers in London.

Foresight Group has invested a further £4 million growth capital investment into portfolio company ONFAB to fund the acquisition of Lancashire based designer and manufacturer of clean air containment products, Envair Holdings Limited.

ONFAB produces flexible clean-air enclosures and consumables, designed and manufactured in-house from sites in Cheshire and Spain. Founded in 2005 by Oliver Nulty, ONFAB received investment from the £60 million Foresight Regional Investment LP fund in September 2017 to facilitate a majority buyout of the business. Since then, with an enlarged team and renewed focus on sales, margins and new products, it has grown by over 30% per year and continues to benefit from ever stricter safety standards protecting workers across the globe.

MEIF Debt Finance, managed by Maven Capital Partners, has provided Advance Tapes International Limited, a manufacturer of pressure sensitive adhesive tapes, with a £600,000 loan.

The funding package will support the Leicester company’s ambitious expansion plans, helping it develop its extensive product portfolio and also providing working capital as the firm enters a new growth phase. The loan will also create 20 new jobs in the Leicestershire region.

Zegami, the augmented intelligence company helping businesses unlock their data potential through visual data exploration, has raised £1.25M in equity funding. Its latest round of fund raising was led by RT Capital Management and the Oxford Technology and Innovations EIS Fund, with existing investors Oxford Sciences Innovation plc and Oxford University Innovation also contributing.  The funding will enable Zegami to continue developing its next generation data visualisation platform and raise its profile through marketing and commercial partnerships – in particular with LiveTiles and Microsoft.

Asabys Partners, a Pan-European Venture Capital firm specialized in investments in the life sciences and health sectors, and Alantra, an investment banking and asset management firm, have reached an agreement by which Alantra becomes a strategic partner of Asabys through the acquisition of a 35% stake in the firm.

The transaction has the support of Banc Sabadell as one of the promoters of the project and anchor investor in Asabys’ first vehicle ("Sabadell Asabys Health Innovation Investments SCR SA"). As part of the agreement, Alantra will invest in the first vehicle of Asabys and will support the search for new investors and the internationalization of the project.

Beauhurst H1 2019 Equity Market Report analyses every publicly-announced equity fundraising in H1 2019, to spot emerging trends and patterns in the market. 

NVM Private Equity (NVM) has apppointed Oliver Wildig as an Investment Manager. He will be based in Manchesterwithin the buy-out team with responsibility for sourcing new investment opportunities, execution and portfolio management. This appointment continues a period of significant expansion at NVM who now have over £430 million under management and a combined investment team of 20 investors.

Ashfords has advised WhiteHat on its recent $16 investment by Index Ventures, with participation from Lightspeed Venture Partners and Salesforce Ventures.