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Intelligence

Mooreland Partners advises iTAC Software on sale to Durr Group

Mooreland Partners acted as the exclusive financial advisor to iTAC Software on its sale to Durr Group. Based in Montabaur, Germany, iTAC is a leader in industrial Internet of Things (IoT) software. The company combines expertise in the fields of IT and production technology, and has already equipped over 140

Karolinska Development appoints Viktor Drvota as CIO

Karolinska Development AB has appointed experienced life science investor Viktor Drvota MD PhD as the firm’s new Chief Investment Officer.  Terje Kalland MD PhD, the Company's Deputy Chief Executive Officer and Chief Scientific Officer, will retire from both positions effective 31 December, 2015. Dr Drvota joins Karolinska Development from SEB

Gousto raises additional GBP9m

Gousto, the recipe box delivery company, has raised an additional GBP9 million bringing the total raised to date by the firm to GBP20 million. Founded in 2012, Gousto delivers ingredients boxes for specific, suggested recipes. This latest investment includes GBP3m from BGF Ventures – the first investment for the GBP200

Arle Capital Partners completes Stork exit with EUR695m sale to Fluor Corporation

Private equity firm Arle CapitalPartners is to sell Stork, a provider of knowledge-based asset integrity services focusing on the Oil & Gas, Chemical and Power sectors, to Fluor Corporation (Fluor) for EUR695 million.  The sale of the business, formerly Stork Technical Services, represents a full exit from Stork Holdings BV.

Mooreland Partners advises iTAC Software on sale to Durr Group

Mooreland Partners has acted as the exclusive financial advisor to iTAC Software on its sale to Durr Group. Based in Montabaur, Germany, iTAC is a leader in industrial Internet of Things (IoT) software. The company combines expertise in the fields of IT and production technology, and has already equipped over

Avaloq and Raiffeisen strengthen partnership

Raiffeisen, the third-largest banking group in Switzerland and a partner of Avaloq since 2007, is acquiring 10 percent of the Avaloq group’s shares as part of a strategic plan by Avaloq to strengthen its capital base for upcoming opportunities. As part of its growth strategy, the Avaloq group is expanding

Monroe Capital provides USD14.5m financing to Nelbud 360 Services Group

Monroe Capital has acted as sole lead arranger and administrative agent on a USD14.5 million senior credit facility to support the merger of Nelbud 360 Services Group and TEAM Services. Nelbud 360 Services is an existing portfolio company of Source Capital. Based in Indianapolis, Indiana and founded in 1981, Nelbud

Lee Equity Partners sells PDR Network Genstar Capital affiliate

Lee Equity Partners, a middle market buyout firm has closed the sale of PDR Network (PDR) to an affiliate of San Francisco based private equity firm Genstar Capital. PDR, one of the most recognisable brands in healthcare, built the largest network to engage physicians, pharmacists, and patients with clinically relevant

Bowmark Capital backs GBP51 million buy-out of Nexus Vehicle Solutions

Mid-market private equity firm Bowmark Capital is backing the buy-out of Nexus Vehicle Solutions, a B2B broker of rental vehicles in the UK, from its previous institutional investor, Livingbridge, for a total consideration of GBP51 million. The business connects vehicle rental companies with corporate customers via a proprietary online booking

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