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

The investment bank Arjil – Groupe Altium has advised JRI’s shareholders for the sale of the company to Turenne Santé, Bpifrance and InnovaFonds as part of an LMBI. JRI is the French leading specialist in the design and distribution of wireless monitoring solutions and chart recorders for controlling and monitoring

Renaissance Capital has completed the sale of Deutsche Investitions- und Entwicklungsgesellschaft’s (DEG) remaining holding in TBC Bank, a leading universal bank in Georgia. DEG was one of TBC Bank’s four International Financial Institution (IFI) shareholders holding 3.6% of the Bank. DEG’s shares were acquired by a number of institutional investors

Private equity firm Silverfleet Capital has agreed to sell Office Retail Group, a UK young fashion footwear retailer ,to Truworths International, a South African fashion retailer listed on the Johannesburg Stock Exchange, for GBP256 million.  The closing of the transaction, which is expected to happen in early December 2015, is subject to

Quilvest Private Equity has sold YO! Sushi, the Japanese conveyor-belt fast-casual restaurant chain, to Mayfair Equity Partners in a GBP82 million. Quilvest acquired a controlling stake in YO! Sushi in March 2008, backing the Company’s management team led by Robin Rowland, then Chief Executive and now Executive Chairman of the

Exponent Private Equity is to sell Fintrax Group to Eurazeo, a listed European investment company, for EUR585m, of which EUR35m is payable as deferred consideration). This results in a 4.0x money multiple for Exponent’s GBP805 million second fund. Fintrax is a leading global provider of tax free shopping and dynamic

McCarthy Capital, a private equity investment firm, has sold its equity interest in Benaissance, a provider of SaaS technologies and services for healthcare premium billing, payment and workflow management, to Evolution1, a wholly-owned subsidiary of WEX Inc. Benaissance’s SAAS solutions include ExchangePoint, which addresses the financial management demands of public

Wax Digital (Wax), a UK-based eProcurement solution provider, has completed its sale to August Private Equity. Clearwater International advised the shareholders of Wax Digital on the transaction which sees Nova Capital exit the business. Wax Digital is an independent Software-as-a-Service (SaaS) business which delivers Source-to-Pay solutions to mid and large-sized

New York-based private equity firm Harvest Partners has completed the sale of AxelaCare Health Solutions to OptumRx, the pharmacy care services business of Optum. Terms of the transaction have not been disclosed. Harvest initially invested in the company in April 2013.   AxelaCare is a provider of specialty home infusion

JZ Capital Partners has sold its investment in Justrite Manufacturing Company (Justrite) for USD21.4 million. Justrite manufactures products specifically designed to help workers store, transfer, use and dispose of hazardous materials in a safe and convenient manner.   JZCP first invested in Justrite in June 2011 alongside an investor group