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

Avedon has sold German high precision miniature ball bearing company GRW Bearing (GRW) to US-based Kaman Corporation (NYSE:KAMN), with the deal expected to close by the end of November. GRW specialises in the design and manufacturing of custom engineered high precision miniature ball bearing solutions. GRW has a comprehensive product

EQT Infrastructure is to sell Koole Terminals to institutional investors advised by JP Morgan Asset Management – Global Real Assets. The agreement is subject to the positive advice of the Company’s works council. EQT Infrastructure acquired Koole Tanktransport in February 2011, followed by the acquisition of NOVA Terminals in October