Nomad Digital, backed by Amadeus Capital Partners, has acquired the commercial rail division of QinetiQ, a defence and security technology company. QinetiQ has sold QinetiQ Rail to Nomad Digital for 8.6% of Nomad's ordinary share capital and in addition has purchased GBP 1.5m of Nomad preference shares.
GP also announced the refinancing of online gardening retailer YouGardem, scoring a 60% cost return
CDP Venture and Tim Ventures take part in the round, alongside Club Digital and Club Italia Investimenti 2
Deal is the second from Bid Equity II, which held a close in November 2019 and targets B2B software
Early-stage investor Italian Angels for Growth and Swiss holding company Brahma also take part in the round