PE Tech Report

Mergers

FXI and Innocor complete merger

FXI has successfully completed its previously announced merger with Innocor, creating a leading provider of comfort technology solutions. The breadth of the combined company’s capabilities enables it to offer a complete array of end-to-end solutions across the broadest range of end markets – including bedding, furniture, healthcare, filtration, transportation, and acoustics.

ProctorU and Yardstick Assessment Strategies Merge to Form Meazure Learning

ProctorU, an online exam security and identity management company, and Yardstick Assessment Strategies, a specialist in psychometrics and computer-based exam administration for professional testing organisations, have completed a deal to merge the two companies and form a new parent brand, Meazure Learning. The merger positions both ProctorU and Yardstick for rapid

EdtechX Holdings to merge with Meten Education

EdtechX Holdings (EdtechX), a special purpose acquisition company (SPAC) seeking to acquire a target in the education services and education technology industry, is to merge with Meten Education (China) (Meten). Meten and its digital platform Likeshuo are a market leader in English Learning Training (ELT) in China. The combined entity (New

Monocle Acquisition and AerSale to merge in USD430m deal

Monocle Acquisition Corporation (Nasdaq: MNCL), a public investment vehicle, and AerSale Corp. (AerSale), an integrated, global provider of aviation aftermarket products and services, are to merge in a transaction with an implied enterprise value of approximately USD430 million, equating to approximately 6.3x AerSale’s forecasted 2020 Adjusted EBITDA. The combined company,

Equistone-backed ChartCo merges with Marine Press to create OneOcean

ChartCo, a UK-based supplier of digital navigation and voyage compliance services backed by Equistone Partners Europe, has merged with the Canadian navigation solutions provider Marine Press, backed by Champlain Financial Corporation. The move will result in the creation of a new global company called OneOcean, which will provide navigation and

Ropes & Gray Represents Ambridge Hospitality in merger with Interstate Hotels & Resorts

Ropes & Gray has represented Dallas-based Ambridge Hospitality, an independent hotel management firm and a portfolio company of Advent International, in its entry into a definitive merger agreement with Interstate Hotels & Resorts, a leading independent multinational hotel operator.  The combined company will create a global leader in third-party hotel

Simon Turner, Inflexion

Ocorian and Estera to merge

Inflexion Private Equity is to acquire Estera, a global provider of funds, corporate and trust services from Bridgepoint. Following completion of the investment, Estera will be merged with Inflexion’s existing portfolio company Ocorian, forming a global corporate service and fund administration leader of significant scale.  The combined business will operate

GCA Altium advises on G3 Comms and Connect Managed Services merger

Global investment bank GCA Altium has advised Apiary Capital on the merger of its portfolio company G3 Comms with Connect Managed Services, to create one of the UK’s largest customer experience and unified communications managed services providers, with annual revenues in excess of GBP55 million. Headquartered in London, Connect Managed

Riverside merges Shaker International and Montage

Private equity firm The Riverside Company has merged Montage, a solution to engage, interview and hire candidates, with Shaker International, a provider of predictive talent intelligence and assessment software solutions.  The combined company will help its client base, including hundreds of prominent global brands and 47 of the Fortune 100,

Praetura-backed Challenge Group acquires TRG

Challenge Group – a logistics recruitment and distribution company – backed by Praetura, has acquired TRG Logistics to form one of the largest independent providers of HGV drivers and warehouse staff in the UK. The undisclosed deal will see the two companies merge to become Challenge TRG Group, with current

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