Quilvest Private Equity has sold YO! Sushi, the Japanese conveyor-belt fast-casual restaurant chain, to Mayfair Equity Partners in a GBP82 million. Quilvest acquired a controlling stake in YO! Sushi in March 2008, backing the Company’s management team led by Robin Rowland, then Chief Executive and now Executive Chairman of the

Exponent Private Equity is to sell Fintrax Group to Eurazeo, a listed European investment company, for EUR585m, of which EUR35m is payable as deferred consideration). This results in a 4.0x money multiple for Exponent’s GBP805 million second fund. Fintrax is a leading global provider of tax free shopping and dynamic

McCarthy Capital, a private equity investment firm, has sold its equity interest in Benaissance, a provider of SaaS technologies and services for healthcare premium billing, payment and workflow management, to Evolution1, a wholly-owned subsidiary of WEX Inc. Benaissance’s SAAS solutions include ExchangePoint, which addresses the financial management demands of public

Wax Digital (Wax), a UK-based eProcurement solution provider, has completed its sale to August Private Equity. Clearwater International advised the shareholders of Wax Digital on the transaction which sees Nova Capital exit the business. Wax Digital is an independent Software-as-a-Service (SaaS) business which delivers Source-to-Pay solutions to mid and large-sized

New York-based private equity firm Harvest Partners has completed the sale of AxelaCare Health Solutions to OptumRx, the pharmacy care services business of Optum. Terms of the transaction have not been disclosed. Harvest initially invested in the company in April 2013.   AxelaCare is a provider of specialty home infusion

JZ Capital Partners has sold its investment in Justrite Manufacturing Company (Justrite) for USD21.4 million. Justrite manufactures products specifically designed to help workers store, transfer, use and dispose of hazardous materials in a safe and convenient manner.   JZCP first invested in Justrite in June 2011 alongside an investor group

Private equity funds managed by Blackstone have agreed to sell GCA Services Group (GCA) to a consortium of the Merchant Banking Division of Goldman Sachs and Thomas H Lee Partners. GCA is a provider of janitorial/custodial and facility management services to over 930 customers, including ~20 per cent of the

The specialist securitisation team of leading Scottish law firm, Shepherd and Wedderburn, has acted alongside Allen & Overy in advising the debt funders Cerberus Capital Management’s acquisition ofNorthern Rock’s GBP13 billion asset portfolio – the largest ever financial asset sale by a European government.  Shepherd and Wedderburn advised the arrangers

Atlas Holdings has sold portfolio company Pangborn Group, a designer, manufacturer and supplier of innovative surface preparation equipment and related aftermarket parts and services, to United Generations. Terms of the transaction have not been disclosed. Atlas acquired Pangborn in June of 2006. Headquartered in Fairburn, Georgia, the company employs over 250 people