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Philadelphia CRO Indipharm acquired by PE fund

Velocity Fund Partners has acquired the Philadelphia clinical contract research organisation (CRO) Indipharm and is relaunching the CRO as InClinica. Financial terms of the deal have not been disclosed. Velocity Fund Partners targets promising life sciences opportunities and believes InClinica is well-positioned for growth. “InClinica’s existing global footprint and experience

Vector Capital to acquire Sizmek

Sizmek, an open ad management company that delivers omnichannel campaigns, is to be acquired by affiliates of Vector Capital, a technology-focused private equity firm, for USD3.90 per share in an all-cash tender offer. Vector Capital, founded in 1997, is a San Francisco-based private equity firm that partners with management teams

PNC Bank provides USD48m in senior secured financing

PNC Bank has closed senior secured credit facilities totalling USD48 million for two new clients: Wellnext, a Florida-based family of brands that delivers research-backed nutritional supplements, and Elite One Source Nutrisciences, a Montana-based manufacturer of supplements for branded marketing companies. The financing package for Wellnext, a portfolio company of WM

Noerr supports EUR330 million financing round at Global Fashion Group

Global Fashion Group SA (GFG), has concluded a financing round worth EUR330 million. During the process, Noerr advised its longstanding client Rocket Internet SE, which is the anchor shareholder of GFG. Due to high demand by investors, the minimum commitment was raised by EUR30 million from the original EUR300 million.

Monroe Capital expands credit facility to OSG Billing Services

Monroe Capital has increased its credit facility to OSG Billing Services (OSG) to support the acquisitions of ClickSpark (ClickSpark) and The Garfield Group (Garfield). Based in Rochester, New York, ClickSpark is a performance-based internet marketing company that specialises in lead generation and technology. Garfield, based outside of Philadelphia, Pennsylvania, provides

IK Investment Partners to acquire Ellab A/S

IK Investment Partners’ IK VIII Fund is to acquire Ellab A/S (Ellab), a manufacturer of thermal validation solutions, primarily used for validation for food and pharmaceutical industries, from a group of private investors. Financial terms of the transaction have not been disclosed. Founded in 1949, Ellab is a leading global

ECI and Livingbridge sell Reed & Mackay investment to Inflexion

ECI Partners (ECI) and Livingbridge have sold their investment in Reed & Mackay to Inflexion generating a multiple of 3.4x cost to investors. Reed & Mackay is a premium corporate travel management company delivering a personalised service through cutting edge technology. Its strategic travel management services focus on law firms,

Arlington Capital Partners closes oversubscribed fourth fund at hard cap of USD700m

Private equity firm Arlington Capital Partners has successfully closed its latest fund, Arlington Capital Partners IV, with total capital commitments of USD700 million, the Fund’s hard cap, and in excess of its target of USD575 million.  The fundraise, which was significantly oversubscribed, successfully reached its final closing three months of

HIG Capital completes investment in Italian shopping centre

An affiliate of private equity firm HIG Capital has completed an investment in the owner of the Buonvento shopping centre in Italy. The shopping centre comprises approximately 20,000 square meters and tenants include leading international and national retailers.  The asset, located in Benevento, is the leading shopping centre in its catchment

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