PE Tech Report

Business & Services

PE-backed Churches Fire secures GBP75m refinancing package

Churches Fire, a Southampton-based provider of fire safety and security compliance services, has secured a significant GBP75 million refinancing package from HSBC UK and HSBC Asset Management, Northleaf Capital Partners and Siemens Bank. The senior debt package will provide Churches, which is backed by private equity sponsor Horizon Capital, with

OMERS Private Equity and AIMCo sell majority stake in ERM to KKR

OMERS Private Equity and Alberta Investment Management Corporation, on behalf of certain of its clients (AIMCo), are to sell their majority stake in Environmental Resources Management (ERM) to KKR. UK headquartered ERM is the world’s largest pure-play sustainability consultancy, operating in over 40 countries with over 5,500 partners and employees

Handshake secures another USD80 million

Handshake, an early career network, has secured USD80 million in a venture financing round and is set to invest a tranche of the funding in the UK, supporting early careers recovery post-Covid. The new funding round increases Handshake’s investment total to USD235.5 million and the company’s valuation to more than

SFW Capital completes majority recap of Granite River Labs

Private equity firm SFW Capital Partners (SFW) has completed a majority recapitalisation of Granite River Labs (GRL), a specialist in test and certification services and automated test solutions for digital connectivity and charging technologies.  Co-founders Johnson Tan and Quintin Anderson will continue to lead the business and remain significant shareholders. Terms

Offen Petroleum acquires Petromark

Offen Petroleum (Offen), an independent fuel distributor, is acquiring the business assets of Petromark, a motor fuel distributor, and Petromark Transportation, its affiliate trucking company.  Offen is a provider of motor fuel, propane, lubricants, and petroleum logistics services in 23 states in the Midwest and Western US The business combination

Par Equity increases stake in tech firm, Datactics

Par Equity has led an investment of GBP2 million in data management specialist Datactics. Belfast-based Datactics provides software and services to large organisations that need to improve and control the quality of the data held in their computer systems. The AI-enabled platform allows staff who are not IT experts to

Inflexion exits Reed & Mackay to TripActions

Inflexion has sold its investment in Reed & Mackay, a premium corporate travel management and events business, to TripActions, a US headquartered business travel and spend management platform.  The deal follows a nearly five-year partnership which saw the business grow strongly and adapt to the pandemic trading situation. Inflexion invested

Riverside Company acquires Radiant Plumbing

The Riverside Company, a global private investor focused on the smaller end of the middle market, has invested in Radiant Plumbing and Air Conditioning, (Radiant), a provider of maintenance plumbing, sewer and HVAC services to nearly 12,000 residential customers annually in the Austin, Texas, metropolitan area. Since 1999, Brad and

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