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One Equity Partners’ portfolio company Orion Innovation acquires Tekmark Global Solutions

Middle market private equity firm One Equity Partners’ (OEP) portfolio company Orion Innovation (Orion) has completed the acquisition of Tekmark Global Solutions, an outsourced technology and telecom services firm.Terms of the transaction have not been disclosed. Headquartered in Edison, NJ, Tekmark provides software engineering, quality engineering, telecom engineering, managed services, cyber

Riverside Company makes BFS investment

The Riverside Company, a global private equity firm focused on the smaller end of the middle market, has invested in fire protection service provider Basic Fire & Safety (BFS) as an add-on to its fire and life safety platform, Performance Systems Integration (PSI). Based in Portland, Oregon, PSI is a

Docupace secures growth equity investment and names new CEO

Docupace, a maker of cloud-based wealth management software, has secured a significant growth equity investment from FTV Capital, a sector-focused growth equity investment firm. This investment enables Docupace to expand its product and service offerings to its broker-dealer, registered investment adviser (RIA), and insurance firm customers, as well as with

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Constitution Capital Partners closes largest fund to date

Alternative investment manager Constitution Capital Partners, focused on North American private equity and private credit, has held a final close of Ironsides V at USD1 billion. The fundraise is CCP’s largest to date, exceeding its target of USD600 million, an increase from predecessor Ironsides IV, which closed at USD755 million

Healthcare

Consonance Capital Partners hits USD856m hardcap for healthcare fund

New York-based healthcare private equity firm Consonance Capital Partners has held a final close of Consonance Private Equity II at its USD856 million hardcap. Fund II, which will focus on investments in US healthcare companies in the lower and middle markets, closed on 8 April 2020 at its hard cap

Former Cavendish managing partner launches Silver Cloud Investments

Silver Cloud Investments has been launched by a former managing partner at the UK sell-side M&A house Cavendish Corporate Finance, Joe Stelzer. Silver Cloud Investments will provide capital investment to businesses across its target sectors with a flexible approach, helping management teams to either stabilise previously growing businesses and/or support the

American Pacific Group acquires SaltStick

American Pacific Group, a San Francisco-based private equity firm, in partnership with Joe Falsetti of Dana Holdings, has acquired SaltStick, an electrolyte replenishment supplement with a strong following among endurance athletes for in-competition and training activities.SaltStick was founded in 2006 by Jonathan Toker, an elite-level triathlete and trail runner who

LGB arranges GBP20m medium term note programme for Simply Asset Finance

LGB Corporate Finance has arranged a GBP20 million Medium Term Note (MTN) programme for Simply Asset Finance, a private equity backed specialist asset finance provider. The facility will enable Simply Asset Finance to expand its lending capabilities. Simply Asset Finance offers finance products as a secured lender to SMEs to

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