Deals
Mid Europa Partners, a private equity investor focused on Central and Eastern Europe, is to sell 24 per cent of the issued share capital in Waberer’s International Nyrt (Waberer’s) to Trevelin Holding Zrt (Indotek).It also granted a call option to Indotek over Mid Europa’s remaining 47.99 per cent of the issued share capital. The transaction is subject to customary anti-trust clearance and is expected to close by the end of the first quarter 2021.
Waberer’s is a leading European provider of international full truckload (FTL) transportation, market leader in domestic freight and complex logistics services in Hungary and it has
Topas Therapeutics (Topas), a Hamburg, Germany-based private platform company leveraging the natural immune tolerance induction capabilities of the liver, has closed a EUR22 million (~USD26 million) Series B financing round. New investors Vesalius BioCapital III and BioMedPartners co-led this transaction, which included participation from all of Topas’ existing investors. The funding will be used to advance the Company’s proprietary pipeline based on the Topas Particle Conjugates technology platform. This includes progressing lead program TPM203, currently in clinical development for the treatment of pemphigus vulgaris, and bringing TPM501, Topas’ candidate for the treatment of celiac disease, into the clinic.
Klaus Martin, PhD,
A surge in deal activity over the next few months is being predicted by private equity house WestBridge, as business owners seek to realise and de-risk their assets ahead of widely anticipated changes to the Capital Gains Tax (CGT) regime in the next budget.There is speculation that Chancellor Rishi Sunak will hike CGT. This, combined with the April 2020 changes to Entrepreneur’s Relief (now Business Asset Disposal Relief), will have a significant impact on business owners looking to sell.
James MacLeay, investment manager at WestBridge, says: “History has shown that impending changes in tax legislation can create surges in deal
Telestream, a portfolio company of Genstar Capital, has acquired EcoDigital (formerly known as Front Porch Digital). Telestream is a vertical market software business focused on the video space and is a global leader in media workflow orchestration, media streaming and delivery technologies. The deal to acquire EcoDigital has been completed.EcoDigital brings to market a Content Management Software (CMS) solution called Diva, which manages the archiving and retrieval of a customer’s assets. Diva automates the process and provides transcoding to and from the archive repository. The storage repository can be on-premise utilising almost any vendors physical storage (online, nearline or deep
AnaCap Financial Partners (AnaCap), a specialist mid-market private equity investor, has made its first investment in India, the acquisition of three K-12 school and student housing assets from the Jain Group of Institutions (JGI Group), an established and well-renowned operator of K-12 to Higher Education institutions, providing education to ~65,000 students.
In doing so, AnaCap has formed a joint venture with Cerestra Advisors (Cerestra), a specialist investor in Indian education assets. The firms have been working together for more than 18 months with the aim to help support the growing education system in India through investment.
With an estimated demographic
Ropes & Gray has advised Averna Capital, a mid-market European private equity firm, on its investment in ClimateCare, a profit with purpose environmental and social impact company headquartered in Oxford, UK. The terms of the transaction have not been disclosed.
ClimateCare is a leader in the global carbon markets and climate change sector. With offices in the UK and Kenya, it has an international customer base of clients and works with over 300 high quality projects in 56 countries covering 34 technologies. To date ClimateCare has reduced carbon emissions by 42.5 million tonnes of CO2 and improved the lives of
Mid-market private equity firm LDC has exited its investment in workforce management software specialist Mitrefinch to Advanced.The exit follows a four-year partnership that saw Mitrefinch invest heavily in technology as it transformed into a market leading software-as-a-service (SaaS) business, doubling revenues to £24million and increasing employee numbers by 64 per cent.
Established in 1979, Mitrefinch provides user-friendly, cutting edge products across integrated time and attendance, payroll, HR and access control with sophisticated analytic capability. The company supports 4,400 customers in over 80 countries to increase productivity, profitability and manage their workforce effectively. With businesses losing an estimated GBP80 billion
Innova Capital, a Central European private equity firm, has sold its entire stake in logistics operator PEKAES to sector player GEODIS of France. The transaction is subject to regulatory approvals.PEKAES recorded excellent value progression and impressive growth since Innova’s entry into the company in late 2015. Over that period the business saw EBITDA rise by over 100 per cent thanks to economies of scale and increasing efficiency. Key focus was placed on expansion of core groupage distribution (LTL), and on intermodal revenues, both of which doubled since Innova’s entry. Currently, PEKAES enjoys a strong market position with close to 5
SALTO Systems (SALTO), a manufacturer of electronic access control solutions, has acquired Gantner Electronic Austria Holding (Gantner). With a combined workforce of 1,200 employees in 40 countries, including more than 230 dedicated to R&D, a turnover of EUR260 million and over a million access points delivered each year, the combined group consolidates its position as a global leader in electronic access control.
The transaction was financed by a combination of capital increase, bank financing and cash.
The agreement entails (i) the divestment of Alantra’s existing stake in SALTO and (ii) the subscription of a EUR125 million capital increase to finance the
Private equity firm Dubin Clark’s portfolio company, EMPI, has acquired RacingLine Group (RacingLine). EMPI is a niche market leader in aftermarket automotive parts with a focus on parts for European vehicles, while RacingLine Group is a well-known and fast-growing provider of premium, branded, high-performance parts and software for Volkswagen and Audi vehicles as well as related programs and events.
The acquisition builds the platform for an unrivalled partnership of specialist automotive brands, collectively Euro Motorparts Group (EMP).
RacingLine was founded in 1997 and is headquartered in Milton Keynes, United Kingdom. It is best known for its Performance Parts and Software
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12 November, 2026 – 8:00 am
12 November, 2026 – 5:00 pm
