The transaction, which values the UK-based company at around '3.5bn ($4.6bn), allows Montagu to retain control of Wireless Logic beyond the typical private equity holding period through a new secondary vehicle. The firm is rolling over most of its existing stake from a previous continuation fund, a rare 'CV-squared' structure in the secondary market. Founded in 2000, Wireless Logic provides smart connectivity solutions that enable companies to connect, control, and secure IoT devices across multiple networks. Under Montagu's ownership since 2018, the company has expanded from a UK-focused provider into a global market leader through 15 acquisitions across Europe, the Americas, and Asia-Pacific. Wireless Logic is the 'natural acquirer of choice in its space, and has used M&A to expand from being a UK leader to a European leader, and today as a global leader,' said Montagu Managing Partner Ed Shuckburgh, noting that the business continues to grow at roughly 30% per year. The continuation fund structure reflects a growing trend among buyout firms seeking to hold high-performing assets for longer amid limited exit opportunities. Earlier this year, PAI Partners completed a similar transaction for Froneri, its '15bn ice cream venture with Nestle....

We will publish a summary of our series about interpretability and announce a new, exciting series. We are going to dive deep into DeepSeek's new OCR model that is making quite a bit of noise. In the opinion section we are going to explore a crazy crazy thesis: will OpenAI launch a crypto token' This week's AI releases feel less like isolated features and more like a quiet re'wiring of the software stack around agents. OpenAI's Atlas reframes the browser as an automated workspace; Anthropic's Claude Code on the Web promotes coding agents from autocomplete to orchestrators; DeepSeek'OCR suggests a path to scaling context without brute'forcing token counts; and LangChain's new $125M round'paired with LangChain/LangGraph 1.0, an Insights Agent, and a no'code agent builder'signals that the ecosystem is standardizing the agent stack from design to deployment. Taken together, they compress the loop from goal ' plan ' act ' audit into something teams can run continuously'and cheaply'inside normal tools....

The new continuation vehicle, managed by Investcorp, was oversubscribed and anchored by Hayfin Capital Management and Coller Capital. It includes participation from ITP employees, existing LPs, and new investors. Members of HWG Sababa's management team will retain a significant stake alongside the continuation fund. Founded in 2008 and headquartered in Verona, HWG Sababa is a leading independent cybersecurity provider in Southern Europe. The company specialises in security operations for IT, IoT, and OT environments, serving clients across critical infrastructure, energy, finance, and manufacturing. Since ITP V's investment in 2022, HWG Sababa has grown revenues sixfold and completed four acquisitions, including the strategic purchase of Sababa Security in 2023. 'The creation of a dedicated continuation fund for HWG Sababa highlights the company's strong growth and our successful partnership with Enrico, Alessio, and the team,' said Gilbert Kamieniecky, Head of European Private Equity at Investcorp. 'We're pleased to partner with Hayfin and Coller Capital to support its continued growth.'...

The first was Bubba, Maggie's yellow Labrador retriever. Prosecutors used a recording of Bubba to place Alex at the site of the murders. Given Alex's presence at the crime scene, other witnesses then revealed his movements, tracked his speed and explained what he had in his hands. Those other witnesses were a 2021 Chevy Suburban and Maggie, Paul and Alex's cellphones, which all provided data. They're all part of the Internet of Things, also known as IoT. The privacy implications of devices connected to the internet are not often the most important consideration in solving a murder case. But outside of criminal prosecution, they affect people's privacy in ways that should give everyone pause. The Internet of Things includes any object or device that automatically sends and receives data via the internet. When you use your phone to message someone or social media to post something, the sharing is deliberate. But the automatic nature of connected devices effectively cuts humans out of the loop. The data from these devices can reveal a lot about the people who interact with them ' and about other people around the devices....