Albion Ventures has invested GBP2.6m in Proveca, a pharmaceutical company that develops innovative and technically complex new pharmaceuticals largely for children. Proveca, which was established in 2010 by Simon Bryson and Dr Helen Shaw, focuses on the re-engineering of existing generic medicines to make them appropriate for use by young

Waud Capital Partners’ portfolio company ProNerve has acquired PhysIOM Group, one of the largest providers of intraoperative neuromonitoring (IONM) services in the western and southeastern US. Headquartered in Colorado, PhysIOM serves over 290 hospital clients across 33 states. PhysIOM represents ProNerve’s third acquisition in 2012 and establishes the company as

Aston Hill Financial has completed its purchase of Citadel Securities, a provider of investment advice and services to private and institutional investors. The deal was previously announced on 15 November. Aston Hill is a diversified asset management company with a suite of retail mutual funds, closed end funds, private equity

Wellspring Capital Management has sold its portfolio company Cleaver-Brooks, a provider of boiler room solutions, to Harbour Group. Terms of the transaction have not been disclosed. Since acquiring Cleaver-Brooks in June 2008, Wellspring and management worked closely to leverage the company’s position and optimise the value of its integrated product

Aurora Capital Group, a Los Angeles-based private equity firm, has acquired DuBois Chemicals, a provider of chemical solutions and services, from The Riverside Company.  Terms of the transaction have not been disclosed. DuBois offers a broad range of customised chemical solutions which reduce downtime, minimise defects, extend equipment life and

Private equity firm Arsenal Capital Partners is to acquire Dash Multi-Corp, a manufacturer of formulated polyurethane, vinyl plastisol, specialty coatings and recycled rubber products. The acquisition of Dash represents the fifth acquisition by Arsenal’s specialty industrials group in 2012, as well as another example of the firm’s acquiring a company

Turnaround specialist RCapital has purchased the business, brand and assets of The Harley Medical Group, backing the incumbent management team. The Harley Medical Group has grown over 30 years, providing surgical and non-surgical cosmetic procedures across the UK.   In 2011 the whole cosmetic surgery industry was hit by the

Southport Lane Management, a private equity fund manager based in New York, has agreed to invest USD20m to support the continued expansion of the Capital Guardian wealth management business. Capital Guardian was selected by Southport Lane for its combination of strong management, global platform, and focus on the adviser experience.