Bowmark Capital has closed its new fund, Bowmark Capital Partners IV, with total commitments of £265m, only ten weeks after its launch last year. With 23 investors, the fund was significantly oversubscribed at its hardcap following the success of Bowmark's third vehicle which closed on £105m in 2004. Bowmark Capital Partners IV will continue Bowmark’s proven strategy of active investment in growth-oriented service companies, typically with enterprise values of up to £75m.
Merchant Banking Division of Goldman Sachs to buy a majority in the French budget hotel chain
GP is currently investing via its second fund, which held a final close on €235m in February 2017
Fresh capital will be used to accelerate Modulr's growth in the UK and expand in Europe
Wagestream has raised a total of £40m in the latest round, including a £25m credit facility