3sun Group secures £10m investment from BGF

First business located in the East of England to be backed by BGF Funding will be used to expand operations in the UK and Europe - BGF (Business Growth Fund), the independent company established to help Britain's growing businesses, today announced it has made a £10m investment in energy-focused firm - 3sun Group, a specialist provider of products and services to the global energy industry.

Founded in 2007 by Graham Hacon, 3sun Group operates in the oil and gas onshore and offshore wind sectors. It is an established supplier of control panels for offshore oil and gas subsea and platform applications, whilst in the offshore wind sector it installs, inspects and maintains wind turbines.

GMT Portfolio Company Karnov Group Secures DKK 510 Million Refinancing

Karnov Group ("Karnov"), the Scandinavian information and business intelligence provider backed by GMT Communication Partners ("GMT"), is delighted to announce that it has secured a DKK 510 million refinancing following a period of investment and accelerating growth.

Karnov provides legal and tax & accounting information to businesses in Demark and Sweden and was acquired by GMT, the European TMT­ focused private equity group, in 2011 from Thomson Reuters. Since the acquisition, Karnov has pursued an ambitious strategy that has transformed the business from a 20th century publisher into a modern information technology company. In addition to bringing in a new Chairman, CEO and management team, the company has pursued a customer-centric approach, focusing on the integration of premium information with advanced cloud-based technologies to help customers within the legal, tax and accounting professions to reach better decisions faster, thereby improving productivity and increasing profitability. At the same time it has developed its content to ensure customers are able to access more indispensable information in an intelligent and focused way, as well as completely reengineering its back office systems to ensure they are able to support a modern, fast-moving technology business.

Follow-on funding from Maven allows Glacier Energy Services to make further acquisition

Maven Capital Partners (Maven), the leading Private Equity and Alternative Asset Manager, is pleased to announce that it has provided further finance to existing investee company Glacier Energy Services (Glacier) to support the acquisition of Professional Testing Services Limited (PTS).

The deal will see Maven, alongside co-investment partner Simmons Parallel Energy Fund (Simmons), invest an additional £3.25million into Glacier.

Indycube Ventures makes first investment

INDYCUBE Ventures has made its first investment, leading a fundraising of £125,000 for rapidly expanding internet start-up David Hulston, Tom Gallard and Mark HooperPwinty.

Pwinty, run by Cambridge University graduate Tom Gallard, 29, of Cardiff, has received £125,000 via Indycube Ventures.This includes £25,000 from both Cardiff Country Council and the Welsh Government's Digital Development Fund.  Pwinty makes it easy for apps and websites to sell photographs, posters and other products and has delivered 100,000 photos to its customers since it was set up  last year.