PE Tech Report

Lettings & Sales

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OpenGate Capital to sell Kotkamills to Finnish PE firm MB Fund

Private equity firm OpenGate Capital is to sell one of its portfolio companies, Kotkamills Oy, to MB Funds, an independent Finnish private equity firm focused on acquisitions in the Nordic market.  Kotkamills is located in Kotka, Finland and is a manufacturer of specialty papers and wood-based products. The transaction is

Arma Partners advises Multifonds on EUR235m sale to Temenos

Arma Partners acted as exclusive financial advisor to IGEFI Group, a Summit Partners portfolio company, on its sale to Temenos Group, a software to financial institutions, in a EUR235 million deal. Founded in 1995 and headquartered in Luxembourg, Multifonds provides software to financial services institutions globally, predominantly in the third-party

Vector Capital sells Tidel to Graham Partners

Private equity firm Vector Capital has sold Tidel, a provider of technology-enabled smart safe solutions for businesses and financial institutions, to an affiliate of Graham Partners.  Terms of the transaction have not been disclosed. Tidel is the market leader in providing innovative solutions to help customers streamline, protect and automate

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Revelstoke Capital Partners sells Accelecare Wound Centers

Denver-based private equity firm Revelstoke Capital Partners has completed the sale of Accelecare Wound Centers to Healogics. Accelecare provides advanced wound care services in two diversified, highly complementary divisions, Accelecare Wound Centers, which offers full service wound management solutions to hospitals and related healthcare organisations, and Accelecare Wound Professionals, which provides

Detlev Louis sold to Warren Buffet

Hamburg-based firm Detlev Louis Motorrad-Vertriebs GmbH has been sold to US holding company Berkshire Hathaway, which is headed by Warren Buffett.  The transaction is currently awaiting approval from the competition authorities. A team from CMS in Germany led by lead partner Dr Thomas J Meyer advised the executor, Dr Peter

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Finistere Ventures holds first closing of USD150m Agtech fund

Finistere Ventures, a California-based innovation capital firm, has held the first closing of its new USD150 million Agtech Fund, Finistere II.  The fund focuses on new technology solutions in food productivity, sustainability, and nutrition to address the ever-decreasing agricultural land resources, climate change, and changing population demographics. Finistere is collaborating

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High Road sells All Current Electrical Sales

High Road Capital Partnershas sold portfolio company All Current Electrical Sales, marking the fourth exit for the firm’s debut fund, High Road Capital Partners Fund I. All Current is a leading specialty reseller of electrical components utilised across a broad range of commercial and industrial end markets. Transaction terms for

Piper exits Rollover Hot Dogs to Kerry Foods

Piper, a specialist investor in consumer brands, has sold Rollover Hot Dogs to Kerry Foods. The deal has been completed for an undisclosed sum. Since leading the BIMBO of Rollover in 2006, Piper has turned the company into the UK’s largest premium hot dog seller. Rollover Hot Dogs are sold

Cavendish advises on sale of MVF stake to BDC

Cavendish Corporate Finance has advised on the sale of a 40% stake in MVF to Bridgepoint Development Capital (BDC), a private equity firm focused on mid-market buyouts and growth capital investments. Founded in 2009 by five British entrepreneurs, MVF is a tech firm specialising in online customer acquisition and lead

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