One Equity Partners (OEP), a middle market private equity firm, has sold INTREN, a nationwide specialty utilities contractor primarily providing distribution network services for electrical and gas infrastructure, to MasTec Inc infrastructure construction company, for USD420 million, including a contingent earnout through year end 2021.
Deals & Transactions
Funds managed by Harvest Partners SCF, the non-control private equity strategy of Harvest Partners, have signed a definitive agreement to lead a minority investment in HelpSystems.
Ropes & Gray has advised NeoGenomics, Inc, a provider of cancer-focused genetic testing services and global oncology contract research services, on its acquisition – including its financing via private placement of equity – of Inivata Ltd, a global, commercial stage liquid biopsy platform company, headquartered in Cambridge, UK.
KPS Capital Partners, LP (KPS) has signed a definitive agreement to acquire Metra Holding SpA and Metra SpA, (collectively Metra), a global manufacturer of extruded aluminum.
IK Investment Partners (IK)’s IK VII Fund has sold its stake in Hansen Protection AS (Hansen Protection) to Survitec Group Ltd (Survitec). Financial terms of the transaction have not been disclosed.
Franz Haniel & Cie GmbH (Haniel) continues with its portfolio transformation and has signed a Share Purchase Agreement with Luxembourg-based Aperam SA (Aperam) to sell ELG Haniel GmbH (ELG).
InvestCloud, a specialist in cloud-based financial digital solutions, has acquired Advicent, a cash flow, trust and tax financial planning provider.
TELEO Capital Management (TELEO) has made a significant growth equity investment in Teesnap, a golf course operations management software platform.
Sylvan Enterprises (Sylvan) has received a GBP500,000 loan through the Midlands Engine Investment Fund (MEIF) ESEM Debt Finance fund and backed by the Coronavirus Business Interruption Loan Scheme (CBILS), managed by Maven Capital Partners (Maven).
Sovereign Capital Partners, a UK private equity Buy & Build specialist, has completed a significant investment in AquaQ Analytics (AquaQ), a specialist data analytics and data science services business supporting global financial institutions.