Deals
CH&CO, a portfolio company of Equistone Partners Europe, has acquired Mitie Catering, comprising Gather & Gather and Creativevents, the workplace catering and events businesses of Mitie.
This is the first bolt-on CH&CO has made since Equistone’s initial investment in May 2019 and marks a continuation of the company’s acquisitive growth strategy.
This deal brings an increase in turnover of GBP137m to CH&CO, 330 more sites across the UK and Ireland and an additional 3,600 team members to the CH&CO family.
Joining the CH&CO portfolio of businesses, Gather & Gather will benefit from being part of a company that
Peterson Partners (Peterson) has sold Performance Systems Integration (PSI), a leading provider of fire and life safety services in the Pacific Northwest to The Riverside Company (Riverside).
PSI, founded in 2002, is based in Portland, Oregon with an office in Seattle, Washington. The company provides a single point of management for compliance services and solutions for all its customers’ fire protection and life safety needs. PSI’s primary services include system design, installation, testing and inspection, service, repair and monitoring.
Since Peterson’s investment in 2014, PSI has grown significantly under CEO Travis Everton’s leadership. PSI increased sales and market share in
UK private equity fund Elaghmore has acquired English Architectural Glazing Limited (EAG). Founded in 1985, EAG specialises in complex and dynamic building facades and is at the forefront of the envelope cladding sector. Elaghmore has acquired the business from its existing management team who will remain with the Company.
EAG provides envelope cladding packages to an established base of long-standing clients including Stanhope, Kier, BAM and Skanska. EAG operates from three sites in Attleborough (Norfolk), Mildenhall (Suffolk) and Cannock (Staffordshire), employing 125 people. The business is focused on London and the South East and works in a variety of sectors
Genuine Parts Company is to sell its wholly-owned subsidiary EIS, the Electrical Specialties Group of Motion Industries, to Audax Private Equity (Audax).
GPC intends to use the net cash proceeds from the transaction in accordance with its disciplined capital allocation strategy. The use of these funds may include potential investments for both organic and acquisitive growth, reinvestments in the business, share repurchases and the repayment of debt. The transaction is expected to close by the end of September 2019, subject to the satisfaction of customary closing conditions.
EIS is a well-established and growing North American fabricator, converter and distributor of
Alpine Investors (Alpine), a middle-market private equity firm that focuses on people to build enduring companies, has sold Perennial EdTech (Perennial), its platform of market-leading education software companies, to Frontline Education, a provider of school administration software.
Terms of the private transaction have not been disclosed.
Since Alpine launched the Perennial platform in 2017 shortly after the firm’s acquisition of Escape Technology, which was rolled into Perennial, it has significantly broadened the product portfolio and more than quadrupled revenues over the past two years. Perennial now includes five market-leading software companies in the K-12 education space:
• Escape
ClearCourse Partnership (ClearCourse), a group of technology companies providing software, services and digital capabilities to the membership, events & bookings and sports & leisure sectors, has acquired e-clinic, a patient and clinic management software provider.
The deal is ClearCourse’s 13th since its foundation in October 2018 and represents an expansion of Partnership’s product offering into the healthcare industry.
e-clinic was founded in 2002 and continues to operate from its headquarters in Shipley, West Yorkshire, where it employs seven people. Its intuitive proprietary cloud-based software package, ‘e-clinic 2’ is used by clients around the world, from small private medical practices to
An affiliate of Saroras Private Capital (Saroras), a private equity investment firm focused on the technology-enabled services industry, has made a majority investment into InCrowd, a specialist in real-time data market insights in the life sciences industry.
The Saroras team has significant experience investing in and building industry-leading companies in the data-driven insights and other growth-oriented industries.
In conjunction with the investment, Daniel S Fitzgerald, has been named chief executive officer & president of InCrowd. Fitzgerald has over 25 years of proven management and operating experience in the insights and data services industry and was most recently a senior executive
Graphite Capital, a UK mid-market private equity specialist, has backed the management buy-out of Hanson Wade, a conference organiser and provider of information services, focused primarily on the pharmaceutical and biotech industries.
Hanson Wade’s management team is led by Tom Richardson, who has overseen a period of rapid expansion since being appointed chief executive in 2015. Between 2016 and 2018, the company’s portfolio of events almost doubled to 108 and its revenues increased by 117 per cent to GBP22.6 million.
Hanson Wade is based in London, but generates the overwhelming majority of its revenues in the United States, where
Equistone Partners Europe (Equistone) is to acquire a majority stake in Omnicare, a pharmaceutical wholesaler operating throughout Germany, that primarily distributes finished medicinal products to compounding pharmacies for the patient-specific production of cancer drugs.
Omnicare is being bought from a consortium of shareholders which will retain a stake in the company. The existing management team, led by Managing Director, Oliver Tamimi, will continue to run the company following the deal. The financial terms of the transaction are undisclosed and the acquisition remains subject to clearance from the relevant competition authorities. The transaction is expected to be complete in Q4 2019.
RSK, a UK-based integrated environmental, engineering and technical services consultancy, has acquired domestic subsidence investigation specialist Geocore Site Investigations Ltd.
The announcement marks the fifth acquisition for the fast-growing RSK group this financial year.
Geocore Site Investigations is a company of 30 people based in Redcar, North Yorkshire. Founded in 1998, the company specialises in the investigation of domestic subsidence, providing detailed site surveys with foundation inspections and drainage CCTV. Its services include trial pitting, window sampling, rotary drilling and cable percussion drilling. Geocore’s range of specialist drilling solutions will complement RSK’s existing drilling services.
“Geocore’s service provision complements RSK’s
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