Deals
Mercia Asset Management has announced the sale of The Native Antigen Company Limited (NAC) to LGC, a specialist in the life sciences tools sector, for a total cash consideration of up to GBP18.0million.Mercia held a 29.4 per cent fully diluted direct holding in NAC at the date of sale and will receive initial cash proceeds of GBP4.8million, with up to a further GBP0.4million receivable upon finalisation of customary closing working capital calculations.
Based upon the total anticipated amount receivable of GBP5.2million, the total realised return above the GBP2.7million holding value as at 30 September 2019, will be a further
YourMedPack Ltd, a provider of smart medication packs to support patients at home and in care, has secured GBP600,000 in funding from the Greater Manchester & Cheshire Life Sciences Fund, managed by Catapult Ventures, and existing investors.YourMedPack has developed a smart medication pack to support patients at home or in care to take their medications, improve medication management and aid adherence. The company’s smart medication packs are based on widely used blister packs already familiar to patients and their families, as well as carers and pharmacies. Despite being a novel solution, the technology is cost effective and does not require
Mobilux, the holding company of BUT, a Clayton, Dubilier & Rice (CD&R) portfolio company, is to acquire Conforama France, a subsidiary of Steinhoff International, to create the largest omnichannel furniture retail group in France. After the transaction close, BUT and Conforama France will continue to operate as independent entities under common ownership.
Conforama France is a leading home equipment retailer of furniture, decoration, and a range of homeware appliances and electronic goods. The combination with BUT will be No1 by revenue in the French home furnishings market, underpinned by strong brands, a broad network, competitive product positioning and a compelling customer
Permutive – a publisher-focussed data management platform – has raised USD18.5 million in Series B funding, led by Octopus Ventures with participation from EQT Ventures and earlier investors. The company, which works with global publishers, tripled revenue growth last year. The funding announcement comes at an unprecedented time for publishers, as web traffic continues to spike due to coronavirus yet struggles to monetise this readership persist.
The new capital will be used for international expansion, as the company continues to grow market share in North America. Permutive is also making significant hires to further enhance the experience and expertise in its senior team, including
Global tax software provider Sovos has acquired Brighton based Accordance, a UK value-added tax (VAT) managed services company.
Sagewind Capital (Sagewind), a New York-based private equity firm, has invested in QuantiTech, a provider of highly technical engineering services to the Army, Air Force, NASA and various other key defence agencies. QuantiTech’s capabilities supporting hypersonics, counter unmanned aircraft systems, and human spaceflight include systems engineering, cybersecurity, test & evaluation, and program management. Financial terms of the transaction have not been disclosed.
“We are very excited to partner with the QuantiTech team,” says Steven Lefkowitz, Managing Partner of Sagewind. “QuantiTech’s founder, Sheila Brown, and Chairman, Randy Cash, have built a reputation for excellence and established the Company as an essential
GB Auto Service, a portfolio company of Greenbriar Equity Group, has acquired Sun Devil Auto and Sun Auto Service, bringing its footprint to over 160 tyre and automotive service facilities. Matt Burke, Director at Greenbriar, says: “The automotive aftermarket is a key area of focus for Greenbriar due to its size, channel structure and defensive characteristics, which create a diverse set of investment opportunities. This acquisition is the twelfth for GB Auto over the last two years, and reflects the continued execution of our strategy to build the leading independent aftermarket service provider in the Western US. We have great respect for
Arlington Capital Partners (Arlington Capital), Washington DC-based private equity firm, has, in partnership with the existing management team, completed the acquisition of J&J Worldwide Services, Inc (J&J0.J&J represents the fourth investment out of Arlington Capital Partners V, a USD1.7 billion fund raised last year.
Founded in 1970 and headquartered in Austin, Texas, J&J is a leading provider of mission-essential, preventative maintenance activities to critical US Federal Government sites through its Healthcare and Medical Solutions, Mission Support Solutions and Engineering Solutions segments. Throughout its history, J&J has developed a comprehensive portfolio of aseptic cleaning and turnkey facility services for government hospitals
New York-based private equity firm CI Capital Partners has partnered with with Paul Winnowski, the former President and COO of Sunrun, and former President of UTC Fire & Security in Europe & South Africa, to jointly pursue platform company investments in the residential solar industry and the commercial security integration industry. Winnowski has significant operational experience in both sectors, having formerly served as the President and COO of Sunrun, the nation’s largest residential solar company, from 2014 to 2018. Winnowski joined Sunrun following its acquisition of Mainstream Energy, a diversified solar energy business, where he served as CEO from 2012 to 2014.
UK private equity house Maven Capital Partners has made a GBP2 million investment in technology company HubIsoft Group. The transaction has been funded through Maven’s managed VCTs, and Gareth Price, Investment Director at Maven, will sit on Hublsoft’s board.
HubIsoft brings new technology to the market that is challenging the way data analytics is exploited to better support decision makers. Over the past two decades, rising complexity of data has resulted in a widening gap between the technical analysis and modelling of this data and key business decision makers. Businesses are therefore finding it harder to access, and trust in
Events
12 November, 2026 – 8:00 am
12 November, 2026 – 5:00 pm
