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Argonaut Private Equity, a Tulsa, Oklahoma-based private equity fund, has acquired the assets of Pioneer Well Services, a subsidiary of Pioneer Natural Resources.
Located in the heart of the Permian Basin, the operation is now doing business as American Well Services and provides well service rigs for workover or completions operations and wellsite support services including, fluid transfer, hot oiling, frac tank rental and wellsite construction. American Well Services announced the retention of substantially all employees related to the operations, and an extensive amount of assets including a fleet of rigs, water hauling trucks, frac tanks, hot oil units, fishing
- 23/03/2021
Unit4, a specialist in enterprise cloud software for people-centric organisations, has secured a majority investment from TA Associates, a leading global growth private equity firm.
Partners Group, a leading global private markets firm, will invest alongside TA, on behalf of its clients, while Mike Ettling, CEO of Unit4, will continue to lead the company, supported by the existing management team. Advent International, the current majority shareholder in Unit4, will exit its stake in the company.
Unit4 and TA will partner to further accelerate the company’s vision of “people-centric ERP” (Enterprise Resource Planning) for mid-market enterprise organizations. As a leader
- 22/03/2021
Toscafund, a multi asset fund management group, has become the leading shareholder in VoxSmart, a communications surveillance software provider, by investing USD25 million of growth capital to enable the business to continue its rapid growth trajectory.
Read the full story at Hedgeweek…
- 22/03/2021
Partners Group, the global private markets firm, has provided a bilateral ESG-linked unitranche debt financing to Kusters Beheer, a Dutch manufacturer of precision components.
The funds will be used to support Equistone’s acquisition of a majority stake in the Company, as well as facilitating investments into capacity expansion.
Headquartered in Oss, Netherlands, Kusters Beheer produces fine mechanical components and modules, primarily for use in high-tech industries. Founded in 1973, the company has developed in-house technical capabilities including state-of-the-art machining, clean room assembly and specialist process knowledge, making it a partner of choice to its long-standing customer base.
As a major
- 22/03/2021
DC Advisory, an international investment bank, has appointed John S Lanza as a new Managing Director in the Business & Tech-Enabled Services team, based in New York.
Lanza joins following six years as Managing Director at Stifel, where he led the execution of over 20 deals in the business services space – notably the sale of Advent Systems to Allied Universal and the acquisition of SNI Companies by GEE Group. Prior to this, John spent a decade at Merrill Lynch.
Scott Wieler, Chairman, DC Advisory US, says: “It’s no secret that the digital transformation seen worldwide throughout the pandemic
- 22/03/2021
- 22/03/2021
ec4u and Bulpros are merging to create a combined digital cloud solutions platform with more than 1,400 employees across 25 offices in 11 countries, backed by the pan-European private equity firm Silverfleet Capital, which has made a majority investment in the merged company.
The two companies, ec4u and Bulpros, which have been collaborating since 2018, have their headquarters in Karlsruhe, Germany and Sofia, Bulgaria, respectively. The company founders and existing management teams of both companies will remain as large shareholders and continue to operate the merged company. The merger transaction is only subject to regulatory approval.
Founded in 2000, ec4u
- 22/03/2021
Bruin Sports Capital (Bruin) has reached an agreement with Quadrant Private Equity (Quadrant) to become co-owner of global sports technology, media, and marketing company TGI Sport (TGI) to further power the company’s international expansion, distribution, and commercial growth.
The deal, subject to regulatory approval, will see Barclay Nettlefold transition from QMS Media Group CEO to TGI Sport Global CEO upon closure.
The new partnership will build on TGI’s impressive growth, adding the strategic capabilities, capital and resources of Bruin to diversify and expand worldwide. It follows a series of acquisitions over the last two years that has transformed TGI
- 22/03/2021
Blackstone has held the final close of Blackstone Growth (BXG), its inaugural growth equity fund, which was oversubscribed, at its hard cap of USD4.5 billion in third-party capital commitments from a wide range of family offices, entrepreneurs, endowments, strategic institutional investors, pension funds, high-net-worth individuals, and other investors.
Blackstone says the fund is the largest first-time growth equity private fund raised in history.
Blackstone Growth, Blackstone’s global growth equity business, invests in fast-growing companies, helping them expand their potential through the power of the Blackstone platform. Leveraging Blackstone’s extensive operational resources and network, BXG focuses on providing capital to entrepreneurs
- 22/03/2021
Accelmed Partners (Accelmed), a private equity firm focused on acquiring and investing in US commercial stage, lower middle market HealthTech companies, has led a USD40 million investment in MedMinder Systems (MedMinder), the specialist fully-integrated, end-to-end pharmacy, medication adherence and connected care solution for elderly and polypharmacy patients.
Founded in 2007 by Eran Shavelsky, MedMinder is uniquely positioned to meet the needs of elderly and chronically ill patients who require more comprehensive pharmacy service and better engagement with clinical teams. The company’s touch screen-enabled, automatic pill dispenser is the first solution on the market capable of delivering medications from its
- 22/03/2021
BGF, the UK and Ireland’s most active investor, has completed a GBP5.7 million investment in Source BMX, the world’s leading omni-channel BMX retailer.
The funding will be used to grow the company’s e-commerce offering and fast-track international expansion plans.
Source BMX was founded by brothers Rich and Marc Moore in 2003 and has grown to offer the largest selection of BMX bikes, parts and accessories anywhere on the market, sold direct to consumers via its website.
In addition to the retail business, Rich and Marc are the creators of Source Park – the world’s largest underground skate park, based in
- 22/03/2021
- 22/03/2021
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