It is believed that Apax is behind a takeover offer for Scottish gardening chain Dobbies. Apax's interest comes as a surprise: West Coast Capital owns a 10%+ stake in AIM-listed Dobbies and had been expected to try to acquire it alongside Bank of Scotland Corporate and Baugur.
Danish VC Heartcore Capital, UVC Partners and existing investor Picus Capital also take part
Deal is an extension of the $4.1m series-A funding round led by Blossom Capital in October 2019
Fresh capital will help the provider of cloud access services expand in western Europe
DBay has also negotiated a new revolving credit facility for the transport and logistics company