PE Tech Report

Mergers

Burlington Capital launches CleanCore Solutions

Burlington Capital is launching a new venture in its aqueous ozone business by merging CleanCore Technologies and O-Z Tech Water.  This new company, CleanCore Solutions, will be a much more diverse and innovative provider of environmentally safe, chemical-free cleaning technology. “Burlington Capital, as the majority owner of CleanCore Solutions, is

RLJ Equity Partners acquires Virteva to merge into Crossfuze

RLJ Equity Partners (RLJ), an affiliate of the RLJ Companies, has acquired a majority interest in Virteva, a privately held Minneapolis, Minnesota-based company that is a Gold ServiceNow partner and provider of managed services for digital enterprises. RLJ will now merge Virteva with Crossfuze to offer a ‘more dynamic global

TDC supports merger of Livingbridge-backed Catalyst with Sionic Advisors

Tosca Debt Capital (TDC) has completed an undisclosed investment to support the merger of Livingbridge portfolio company, Catalyst Development Ltd, with Sionic Advisors. This marks the regional debt fund’s tenth deal from its circa GBP240 million Fund II. The undisclosed funding package provided by Manchester-based TDC and Lloyds Banking Group

Orion Food Systems and Land Mark Products join forces

Orion Food Systems (Orion) and Land Mark Products (Land Mark) have signed a definitive merger agreement to create a leading and fully comprehensive foodservice company to serve convenience store operators.  Financial terms of the transaction, which is backed by an affiliate of One Rock Capital Partners, (One Rock), were not

Aliter Capital merges Boston Networks and Pinacl

Aliter Capital (Aliter), the private equity investment specialist in the support services industry, has brought together two of the fastest-growing companies in the sector.  The combination of Glasgow headquartered Boston Networks, Pinacl Solutions and Pinacl GDA, headquartered in North Wales, will create a UK-wide organisation with a staff of over

Handshake with globe

Fintech merger creates full-scale European digital financing and investing platform

Finnish Invesdor Oy, a leading digital equity funding platform in the Nordics, and Austrian Finnest, a digital mid-size (Mittelstand) financier in the German speaking countries, have revealed plans to merge their businesses. “Together, we create the 1st pan-European digital investment and financing platform for companies of all life stages, from startups

PE-backed Standard merges with DH Pump & Supply

Standard Industrial Manufacturing Partners (Standard) has merged with DH Pump and Supply (DH Pump). A private equity fund managed by Hicks Equity Partners (HEP), the Dallas-based private equity arm of the Thomas O Hicks family office, initially invested in Standard alongside its former CEO, Jack Sitton, in July 2016.  Financial

Active Assurances merges with AFI

Nine months after Active Assurances teamed up with Activa Capital and Bpifrance, the specialist digital insurance broker has announced a merger with AFI Assurances, a specialist health, accident and life insurance brokerage. AFI Assurances is an independent French insurance broker based in Evry (Essonne), specialised in digital health, accident and

CMS advises Primary Health Properties on merger with MedicX Fund Limited

International law firm CMS is advising healthcare sector real estate investment trust Primary Health Properties (PHP) on its merger with MedicX Fund Limited.   The agreement is intended to be implemented by way of a scheme of arrangement of MedicX, under which PHP will acquire the entire issued and to

GCP supports Chaucer in merger with Virtrium Consulting

Chaucer has merged with Virtrium Consulting in a transaction that creates one of the largest independent end-to-end digital transformation consultancies in the UK.   The deal was structured and executed with support from private equity firm GCP.   Virtrium was established in 2006 and specialises in IT strategy, architecture and

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