David Kelnar
@davidkelnar
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Managing Director, Private Capital, at Houlihan Lokey. 2x CEO/CFO. Scale-ups, tech, trends. Blog: https://t.co/4iu2tbThop https://t.co/6TonSTWfAw
London
Joined August 2008
🚀 We’re delighted to have advised @security_hq, a tech-enabled, full-suite managed security service provider (MSSP), on its minority investment from @GCPGrowth. We couldn't be more excited to see the continued growth of the business in partnership with GCP. It was a pleasure
lnkd.in
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2/2 “The Houlihan team were fantastic. They delivered trusted advice, thoughtful articulation of our equity story and data, superb investor connectivity globally, and unwavering commitment in fluid markets to deliver a successful outcome and support Numan's next stage of growth.
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1/2 Huge congratulations to @getnuman on raising $60m in growth financing, led by @bigpivc with participation from @HSBCInnovation, @endeavor_global, @WhiteStarCap and Novator. Numan is on a mission to help people lead happier, healthier, longer lives. It was our privilege to
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🤙🏼 Get in touch (6/6) 25. We’re Houlihan Lokey, the trusted advisor to more top decision-makers than any other independent global investment bank. We’re No. 1 in Equity Private Placements (for sources, see Survey). Thinking of raising capital? Get in touch with me to see how we
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🤖 Thematics, including AI (5/6) 19. Thematics: Investor demand is greatest for “Rule of 40+” B2B SaaS companies, AI-led propositions, vertical SaaS, industrial automation, cybersecurity, FinTech, and healthcare. 20. 9/10 investors will maintain/increase their volume of AI
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📃 Structure & Leverage (4/6) 14. Use of structure beyond a 1x NP Liq Pref, has become commonplace. Most investors report that most, or all, their recent transactions included structure beyond this. 15. Structure is no longer /primarily ‘bridging valuation gap’ - it’s aligning
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💵 Valuations (3/6) 9. Valuation: Investors anticipate pricing in policy-related uncertainty - but Nasdaq recovery has helped. Pre-tariffs, almost all investors expected valuations in 2025 in line / better than last 12 months. 10. Growth Equity investors are inclined to price
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💰 Private Market Activity & Dynamics (2/6) 5. Private markets (PM): Pre-tariffs, 9/10 investors reported solid PM conditions, increasing deal volume and more companies coming to market. Post-tariffs, investors expect increased volatility to persist, and near-term deployment may
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💡💥 We surveyed 90 of the world’s leading Growth investors, with $3T AUM, for unique insight into private market dynamics. 25 highlights below - what you need to know on tariffs, the economy, market activity, growth v profitability, valuation, structure, thematics and more.
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4/4 A privilege to have advised Casavo on the equity raise. Thx @giorgio_tinacci for kind words: “Numis’ support has been extremely valuable. Numis’ dedication + senior advice to navigate a challenging market have been success factors. Numis is a partner in fit with our DNA.” 📈
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3/4 …. while its platform, proprietary tech and data have powered huge success already with €1B of transactions executed to date.
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2/4 Casavo’s end-to-end platform for home buyers and sellers has evolved from a pure home-buying platform into a leading, next-generation European residential marketplace…
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1/4 Congratulations to @Casavo_it on its flagship €100m Series D equity raise 🚀. Our privilege to have served as advisers. Alongside €300m of new debt financing, Casavo is extending its leadership across Europe. Great working with @giorgio_tinacci +team. https://t.co/GgppqSqcRZ
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Was our privilege to advise Nord. Thx to Tom for kind words: “I’d never have thought we could achieve this ideal outcome. Your attitude to clients, connectivity + creativity are outstanding. Thanks for this 1st step in our journey and we’ll continue to hustle together in future.”
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The Company will use the proceeds to power further expansion of Nord's product suite and footprint through hiring, intensive R&D and acquisitive growth.
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Nord Security are building a radically better internet with a suite of modern security and privacy solutions. Nord’s products offer best-in-class convenience, user experience, adaptability and administration - at a fraction of the cost and difficulty of traditional solutions.
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Huge congratulations to @tom_okman and team on their $100m maiden fundraise for Nord Security, which has become Lithuania’s second unicorn with a valuation of $1.6B. 🦄🇱🇹🚀
techcrunch.com
Nord Security is announcing funding at a "unicorn" valuation to build out both its consumer and enterprise business lines to capitalize on VPN growth.
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🚀Awesome fashion platform @lyst has raised $85m in pre-IPO financing with fantastic new + existing investors. Huge assortment (17,000 brands) + growth ($2B lifetime GMV, +1100% new app users). Numis' privilege to serve as Financial Advisor on the raise.
techcrunch.com
E-commerce continues to be a huge focus for investors watching consumer behavior and spending patterns in the wake of the Covid-19 pandemic. In the latest
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The incredible @CazooUK has raised a further £240m from leading investors and > doubled its $1B valuation from earlier this year. A privilege to support Alex Chesterman OBE and serve as joint placement agent on the fundraising. Here's to the next stage!
cazoo.co.uk
Explore the latest news, press releases, and media coverage about Cazoo. Stay informed with updates on our innovations, partnerships, and company milestones.
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