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Intelligence

Two fingers

Polaris appoints two to team

Danish/Swedish lower mid-market private equity investor Polaris Private Equity has appointed two new members to its team.  Martin Lindh joins the firm as investment manager from SEB, while Thorsten Madsen, who also joins as a investment manager, was previously with Implement Consulting Group.  The appointments follow Polaris’s achievement of a

Investec strengthens private equity advisory offering  

Investec Investment Banking (Investec) has appointed Serge Rissi as a Director in the Financial Sponsor Transaction Group, reporting to Christian Hess. Rissi has 15 years of M&A execution experience. He was most recently a Director at Quayle Munro having originally joined UBS Warburg before spending more than a decade at

ARX Equity Partners acquires Slovenian Healthcare Provider

ARX Equity Partners, together with experienced healthcare investor Joseph Priel, has completed the 100% buy-out of Slovenian healthcare services provider, Diagnosticni Center Bled doo (DCB). Details of the transaction have not been disclosed.  DCB is the largest private healthcare service provider in Slovenia. The Company provides comprehensive outpatient and inpatient

Egypt flag

Tourism in Egypt boosted by USD1 billion investment fund

A USD 1 billion sector focused private equity fund underwritten by Cairo Financial Holding is behind a plan to revive the tourism sector in Egypt, battered by four years of turmoil and instability.   Tourism revenues have dropped by 55 per cent over the past four years, but the return of

Handshake 2

Segulah sells SCAN COIN to SuzoHapp

Segulah IV, Rempo AB and minority shareholders have completed the sale of SCAN COIN Holding AB to SuzoHapp Sweden AB, a portfolio company of ACON Investments (ACON). Terms of the transaction have not been disclosed. Baird Global Investment Banking advised SCAN COIN and its shareholders on the sale.   SCAN

Money stack

North Castle Partners sells Flatout to T Marzetti Company

North Castle Partners, its co-investors and Glencoe Capital have sold Flatout T Marzetti Company, a wholly-owned subsidiary of Lancaster Colony Corporation for a purchase price of USD92 million on a cash‑free, debt‑free basis.   For North Castle Partners, a leading private equity firm focused on consumer businesses that promote Healthy,

Social media

NetBase secures additional USD24m in series E funding

NetBase, a social media analytics company, has completed a new round of growth funding with USD24 million in Series E financing led by new investor Spring Lake Equity Partners. Also participating in the financing were long-time investors Thomvest Ventures, Altos Ventures, and WestSummit Capital. NetBase will use this additional funding

Force Over Mass Capital appoints CTO

Force Over Mass Capital has appointed Lee McSorley as Chief Technology Officer (CTO) with responsiblity for the development of the firm’s Performance Measurement and Valuation System – under the project name ‘DNA’. With extensive experience in the development of systemic trading systems in the hedge fund community, McSorley specialises in

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