PE Tech Report

Lettings & Sales

Clearlake sells majority stake in PrimeSport to Carlyle-led group

Clearlake Capital Group has completed the sale of PrimeSport Holdings Inc to The Carlyle Group (Carlyle), Moorad Sports Partners and RSE Ventures.  As part of the transaction, Clearlake and management rolled over a significant equity stake in the company. Sam Soni, PrimeSport’s founder, remains CEO and continues to lead the

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Rcapital sells Rolling Luggage to Samsonite

Rcapital, the owner of global travel retailer Rolling Luggage, has completed the sale of the business to Samsonite, the world’s largest luggage manufacturer and retailer. Rcapital, the London-based private investor that specialises in the turnaround of distressed businesses, rescued the Rolling Luggage chain out of the global restructuring of the

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Salvepar completes sale of Thermador Groupe stake

Salvepar has finalized the sale of its entire stake in Thermador Groupe.  Salvepar was a shareholder of Thermador Groupe since May 2008 and had begun to divest its stake in 2014.  The sale has seen Salver realise a gain of EUR7.2 million, among which EUR5.2 million will be recognised in

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Morgan Stanley Global Private Equity completes sale of EmployBridge

Morgan Stanley Global Private Equity (MSPE) has completed the sale of its majority interest in EmployBridge, a provider of specialty staffing services, to The Select Family of Staffing Companies, for approximately USD410 million.  MSPE and Constitution Capital acquired EmployBridge for USD165 million in May 2011. MSPE invested in EmployBridge in

Albion Ventures sells mental health hospital in Taunton

Albion Ventures has sold Orchard Portman House Hospital (“Orchard Portman”), a mental health hospital near Taunton to Cygnet Health Care. In 2010 Albion invested GBP6.5m in Orchard Portman to acquire a nursing home and constructed a 23 bed psychiatric care hospital as an extension to the existing building. The sale

DWHP sells Career Step Holdings to Revelstoke Capital Partners

DW Healthcare Partners (DWHP), a healthcare-focused private equity firm, has sold its portfolio company, Career Step Holdings, (Career Step) to private equity firm Revelstoke Capital Partners. The terms of the transaction were not disclosed. Career Step, based in Provo, Utah, is a leading provider of online, career-focused training programs in

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Mooreland Partners advises Bluegiga on sale to Silicon Labs

Mooreland Partners has acted as the sole financial advisor to Bluegiga on its sale to Silicon Labs.  The acquisition of Bluegiga, which offers market-leading wireless solutions to a wide variety of Internet of Things (IoT) applications and markets, further strengthens Mooreland's position among the most active advisors to the electronics

OrbiMed launches USD924m Royalty & Credit Opportunities Fund

OrbiMed has held the closing of its second healthcare royalty and credit opportunities Fund, OrbiMed Royalty Opportunities II, with USD924 million in commitments, including USD24 million from the General Partner.  Investors in the fund include a broad range of premier endowment, foundation, pension and other institutional investors. Consistent with its

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Hellman & Friedman sells remaining holding in GTT

H&F Luxembourg 1, an affiliate of Hellman & Friedman, has successfully completed the sale of its remaining holding in the share capital of Gaztransport & Technigaz (GTT) in a private placement to institutional investors. Hellman & Friedman acquired its stake in GTT in 2008 and became a shareholder alongside Total

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Glennmont completes purchase of 40MW Biomass project

Glennmont Partners has completed the purchase of the Margam Green Energy Project from ECO2 and Western Logs Group on behalf of its dedicated clean energy fund, Glennmont Clean Energy Fund Europe II in a GBP160m deal. The Margam Green Energy Project will see a new biomass power generation plant built

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