Latest transactions | Torch Partners

Acquisition of a majority stake in 360T Group by Summit Partners Summit Partners, a leading growth equity investor, has invested in 360T Group, a Frankfurt based leading global provider of web-based trading technology for OTC financial instruments. The investment will strengthen 360T’s continuous growth and international expansion into new markets. Torch Partners was exclusive financial advisor to Summit Partners	$25,000,000 Series-A, Equity fund raising Torch Partners was exclusive advisor to Unruly in connection with their $25m Series-A investment jointly led by Amadeus Capital Partners and Van den Ende & Deitmers. Unruly is the leading global technology platform for social video advertising. The financing is the first outside funding Unruly has received and will be used to cement Unruly's position as global leader in social video advertising.	Acquisition of WorkPlace Systems financed by LDC Wasp Management Software, a company backed by LDC, has made a recommended cash offer for WorkPlace Systems, the AIM listed, SaaS workforce management software company. The customer base of WorkPlace Systems includes Walmart in the US and Gala Coral, H&M and Metro Group in Europe. Torch Partners acted as financial advisor to LDC and Wasp Management Software on the acquisition
Series B Financing of Dropbox by RIT Capital Partners RIT Capital Partners plc were a major investor in the Dropbox Series B financing. The financing was led by Index Ventures and also included Sequoia Capital, Accel Partners, Benchmark Capital, Goldman Sachs, Greylock Partners, Institutional Venture Partners and Valiant Capital Partners. Torch acted as advisor to RIT Capital Partners plc.	Acquisition of UKGrid by TelecityGroup TelecityGroup acquired UKGrid Group, a leading UK data centre operator for £11.7m. The acquisition of UK Grid will immediately add approximately 1.5 megawatts of high quality carrier neutral capacity to TelecityGroup’s existing estate in the North West with the potential for further expansion. Torch Partners acted as financial advisor to TelecityGroup on the acquisition	Series B Financing of FreeAgent by SM Trust SM Trust, working with Torch, invested more than £2M into FreeAgent to further accelerate their rapid growth. FreeAgent is a leading online bookkeeping and accounting system already used by over 12,000 freelancers and small businesses. Torch Partners worked with SM Trust to make the investment
TelecityGroup acquires Data Electronics TelecityGroup acquired Data Electronics, Ireland’s leading provider of carrier-neutral data centres with a current combined capacity of 4,600 sqm and 4MW of customer power. The combination of Data Electronics and TelecityGroup establishes a platform to capture the strong demand potential for connected data centre services in Ireland and fulfil the growth requirements of existing customers.	MBO of WTG by DTI Capital WTG is a specialist information integrator focused on delivering high security solutions into the Public Sector, specifically Criminal Justice and National Security sectors. Torch Partners acted as exclusive financial advisor to WTG on the MBO	Loan Book Financing Facility Torch Partners acted as exclusive financial adviser to their long-term client Borro in helping source, arrange and structure a unique debt financing solution for this rapidly growing online financial services business. Borro is revolutionising the Pawnbroking industry and is set to become one of the most important alternative consumer credit companies created in the last 5 years.
Management Buyout of CarTrawler ECI Partners, the UK mid-market private equity firm, has invested in CarTrawler, the Dublin-based market leading provider of online car rental distribution systems. The funding from ECI will be used to support the continued growth of CarTrawler organically and through acquisition. Torch Partners acted as exclusive financial advisor to CarTrawler and its Shareholders	Management Buyout of the UK2 Group LDC, the leading mid-market private equity arm of Lloyds Banking Group, acquired a majority stake in the UK2 Group, a leading international provider of domain name registration and web-site hosting services, in partnership with its management team.Torch Partners acted as exclusive financial advisor to the Company on the transaction	Borro Series-C Financing Torch Partners continue to advise Borro, a long time client, and the leading internet based pawnbroker. Borro has secured a further £7.5m of equity investment, led by new investor Augmentum capital. Torch acted as exclusive adviser to Borro on this transaction, which demonstrates our long term commitment to clients.
Just-Eat have raised $48m of equity financing Just-Eat have raised $48m of equity financing in a round co-led by Greylock Partners and Redpoint Ventures with Index Ventures and other existing angels also investing. The new capital will be used to further internationalise the Just-Eat network.Torch Partners acted as sole financial advisor to Just-Eat introducing potential investors and managing the financing process.	1st Exchange & N4 Acquire Screen Business 1st Exchange & N4, the market leading provider of technology solutions to the financial services market, today announced its acquisition of Screen Business, a leading developer of websites and internet applications for IFAs and Providers.	21.Net Series-C Financing 21Net is a supplier of broadband internet and multimedia systems on board of trains with clients including Thalys and SNCF. 21Net raised a £6.5m Series-C financing round led by Innovacom, an experienced investor in the telecoms sector, to expand its commercial capabilities and operations globally.
Lumison Bridgepoint Development Capital acquired a majority stake in Lumison, the UK provider of connectivity, hosting and managed IT services. BDC invested alongside incoming executive, Mark Howling, formerly CEO of Digica, and existing management. Lumison is the first step in a “buy and build” programme to create a fully integrated IT services group focused on serving the high growth SME market.	TelecityGroup TelecityGroup acquired Internet Facilitators Limited (IFL) to the value of £21.1m, a carrier neutral data centre in Manchester, UK with 1,600 sqm (1.4 MW) of high quality capacity. Offering a complementary strategic fit with TelecityGroup’s existing presence in the city, the acquisition also brought the potential for significant further growth.	1st Exchange 1st Exchange, a leading provider of software and e-commerce solutions to the financial services sector, successfully acquired N4 Solutions (previously a division of Experian), a leading provider of distribution and fulfilment software for the retail financial services industry.
Huddle - fund raising Huddle is a leading inter-enterprise online collaboration tool which enables organisations and their employees to work together better both internally and with partners. Huddle raised a $10.2m equity financing round from Matrix Partners, a top-10 US VC, to expand to the US and continue their sales and marketing efforts.	Borro Borro is the first and largest online pawnbroker and is revolutionising a 1000 year old business model by offering consumers a fairer and more transparent deal. Borro raised £10m in equity and debt financing to continue their rapid growth and fund both customer acquisition and the growth in their loan book.	Livemusic.fm Prominent Industry Angels with over 30 years combined experience working in the music business. The team at Livemusic.fm help find the best local gigs and the cheapest tickets online
3B Biofuels Mercuria Energy successfully acquired the senior debt securities of 3B Biofuels GmbH & Co. KG from Bank of Scotland Plc and IKB Deutsche Industriebank AG together with the subordinate debt and equity securities from Babcock & Brown Global Partners and Babcock & Brown Limited.	1st Exchange / LDC Lloyds Development Capital completed the acquisition of a majority stake in 1st The Exchange, wholly owned subsidiaries of Vertex, a portfolio company of Oak Hill Capital Partners to the value of £115m.	Just-Eat Index Ventures led a £10.5m Series A Financing of Just-Eat the leading European online meal ordering company.
Evans Analytics Group SVTC bid £80.1m for Evans Analytics Group a leading, fully integrated and independent materials characterization lab network delivering testing services.Torch Partners and GCA Savvian acted as joint financial advisors to SVTC and its investors Oak Hill Capital Partners,Tallwood Capital	Dylon Spotless Group announced the acquisition of Dylon, formally part of the Mayborn Group (a 3i owned company).	Isango Isango!, the world's leading provider of travel experiences is pleased to announce its Series A funding led by SPARK Ventures, with Beringea and existing investors contributing to the round. Launched in late 2006, isango! is already a market leader in the online travel sector.
TelecityGroup IPO Telecity Group successfully completed its listing on the LSE, raising net proceeds of £67.5m and valuing the business at a market cap of £436m.	Australian Mining Holdings Completion of a $60m financing from Goldman Sachs, for the development of coal resources in Queensland, Australia.	Globix TelecityRedbus announced that it completed the $62m (approximately £33m) acquisition of Globix Corporation’s wholly-owned UK subsidiary, Globix Holdings (UK) Limited.
Telecity Telecity Group plc announced a recommended £59.1m cash offer for UK listed data centre competitor, Redbus Interhouse plc.	Concise Brains Direct announced the acquisition of Concise Group.Torch Partners and McNamee Lawrence acted as joint financial advisor to Alexander Mann, the parent company of Concise Group.	MTV Networks MTV Networks is a division of media conglomerate Viacom that oversees the operations of many television channels and Internet brands, including the original MTV channel in the United States. Established in 1987 after Warner and American Express decided to divest the basic cable assets of Warner-Amex Satellite Entertainment, renaming it MTV Networks, Inc.
Telecity / Oak Hill Inhoco 3236 plc, a special purpose investment vehicle backed by 3i and Oak Hill Capital Partners, announced a recommended £57.9m cash offer for data centre operator, Telecity plc.	Tertio Evolving Systems announced the acquisition of the private equity backed OSS business, Tertio Telecoms.Torch Partners acted as sole financial advisor to Tertio Telecoms investors, Apax Partners and Advent International.

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