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Managers

Blackstone and Goldman Sachs merchant banking division to acquire Ipreo from KKR

Ipreo Holdings is to be acquired by private equity funds managed by Blackstone and the Goldman Sachs merchant banking division. The sponsors are acquiring the business from affiliates of Kohlberg Kravis Roberts (KKR), who will retain a minority ownership stake in the business. Terms of the transaction have not been

High Street Capital exits BeneSys

High Street Capital has sold its investment in BeneSys, a benefits payments processing services company, to The Riverside Company, a private equity firm.   BeneSys provides third party administration and related outsourced software services for Taft-Hartley union trust funds.    The company was advised by KPMG Corporate Finance in connection with

British pounds

LDC backs GBP30m acquisition of Prism UK Medical

Mid-market private equity firm LDC has completed a significant investment to support the GBP30m acquisition of Prism UK Medical Limited form Toronto-based TSX Venture Exchange-listed Prism Medical Ltd. Prism is a provider of safe patient handling solutions that enable the mobility disadvantaged to live at home in a safe and

Woman

Concepta secures GBP2.3m equity investment

Women’s health diagnostic company Concepta has completed a GBP2.3m round of equity financing managed by Diagnostic Capital. The company was founded off the back of the technology and expertise of former senior Unipath scientists, who were responsible for creating leading brands of digital fertility tests, pregnancy tests and other women’s

Mobeus makes partial VSI exit

Mobeus Investments has partially realised its investment in VSI Limited by selling one of the firm’s two operating businesses, MachineWorks Software, to Westec Holding Company. The value of the deal has not been disclosed.   Mobeus backed the management buyout of VSI back in 2006.   Based in Sheffield, MachineWorks

Enact makes maiden investment in West Cornwall Pasty Company

More than 200 jobs have been saved after Enact, the GBP7.5m SME fund launched by private equity house Endless, agreed to buy 35 West Cornwall Pasty Company outlets and stores, together with the brand. The deal follows the appointment of administrators over the company.   The investment in West Cornwall

Alcentra completes unitranche investment in Menix

Sub-investment grade corporate credit specialist Alcentra, part of BNY Mellon, has invested in Menix Groupe, the holding company for healthcare firms Serf, Dedienne Santé and Global D and a manufacturer of orthopaedic and dental implants in France. The funding takes the form of a unitranche investment provided by funds managed

Two fingers

Ardian-backed Trescal acquires two calibration and repair services businesses

Calibration services specialist Trescal has acquired Instrument Calibration Services and Test Equipment Repair Corporation, with the support of majority shareholder private investment firm Ardian. The two companies provide calibration and repair services for a wide variety of measurement and test equipment.   This is the fourth expansion since Ardian acquired

iPad

Ektron closes growth equity investment led by Accel-KKR

Content management and web experience management software provider Ektron has closed a growth equity funding round led by Accel-KKR. This minority investment, the company's first institutional round, will enable Ektron to accelerate product and company expansion as enterprise demand for its content management, marketing and web experience management software offerings

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