Deals
KP Capital Partners’ portfolio company Autokiniton Global Group (AGG), a North American supplier of metal-formed components and assemblies to the automotive industry, is to acquire Tower International, a manufacturer of engineered automotive structural metal components and assemblies, tor USD31 per share in cash.
The all-cash transaction represents a 70 per cent premium to Tower’s closing stock price on 11 July, 2019. Including Tower’s debt and pension related liabilities, the total value of the transaction is approximately USD900 million.
“We are extremely pleased to reach agreement with AGG on a mutually beneficial transaction that creates substantial value for Tower stockholders,
Sovereign Capital Partners’ portfolio company Arachas Corporate Brokers (Arachas), an insurance brokerage operating in Ireland, has acquired Murray & Spelman.
This is the fourth acquisition Arachas has made since Sovereign backed the management buy-out of the business in July 2017, and secures Arachas’ position as the largest independent broking group in Ireland. Completion is subject to regulatory approval from the Central Bank of Ireland.
Murray & Spelman is a long-established broker of high-quality commercial and personal insurance. The acquisition of the Galway-based broker brings substantial additional scale to the Arachas Group and expands its geographical footprint in the West
The latest research from eFront shows that reaching the hurdle rate – traditionally set at 8 per cent – remains a significant challenge for venture capital funds and, to a lesser extent, LBO funds.
Looking at the distribution of historical internal rates of return (IRRs) delivered by LBO and VC funds of all vintage years, more than 60 per cent of LBO funds managed to beat the hurdle rate, while only 38 per cent of VC funds exceeded the 8 per cent threshold . This confirms that shorter holding periods characteristic of buyout investments work in favour of LBO fund
AnaCap Financial Partners (AnaCap), a specialist European financial services private equity firm and active investor, has sold Ellisphere, a French business intelligence company that specialises in data and analytics, to Andera Partners, Tikehau Capital and Bpifrance.
The exit comes after just two years since AnaCap’s initial investment and will generate a 2.6x money multiple and 52 per cent IRR for the firm.
A market-leader in the French business intelligence market, Ellisphere collects and processes data to provide high quality, tailored solutions to support clients’ decision- making processes. It offers a comprehensive range of business and marketing information services that allow
Chicago-based private equity firm CORE Industrial Partners’ (CORE) portfolio company Prototek has acquired Cal-X, a provider of precision machining and sheet metal fabrication rapid prototyping services.
Financial terms of the transaction have not been disclosed.
Headquartered in Wisconsin, Cal-X offers rapid prototyping and short-run production services through its wide breadth of in-house capabilities. Founded in 2002, Cal-X serves a blue-chip customer base across a broad mix of end markets, including medical, robotics & electronics, aerospace, and transportation. The Company’s key capabilities include CNC milling & turning, laser & waterjet cutting, and painting & silk screening.
Bill Gress, Chief
Signavio, a provider of business transformation solutions, has announced a USD177 million investment to fuel continued international expansion and further investment in its world-class software suite.
The transaction was led by Apax Digital, the growth equity team of Apax Partners, with participation from DTCP. Existing investor Summit Partners will retain an equity stake in the business.
Signavio’s Business Transformation Suite enables its over 1,300 customers to effectively mine, model, monitor, manage and maintain their business processes. Its intelligent decision-making tools address digital transformation, operational excellence and customer centricity, helping place process at the very heart of organisations. Signavio has grown its
Frontier Development Capital (FDC), an established fund manager operating debt funds in England, has relocated its Birmingham headquarters.
The firm has moved its operations and 25 staff from Baskerville House to a 5,246 sq ft office on 45 Church Street in the heart of the city’s business district.
FDC provides access to investments of up to GBP10million, deploying flexible capital to mid-market businesses across England. After making five new staff appointments in the last 12 months, the relocation will provide the firm with the space it needs to continue its expansion.
The move follows several high-profile deals such
vasopharm, a private biopharmaceutical company developing a new treatment for traumatic brain injury (TBI), has completed a EUR9.5 million financing co-led by HeidelbergCapital Private Equity and EF Investments.
Existing investors Bayern Kapital, Future Capital, clients of Hanseatic Asset Management and Ringtons Holdings also participated in the round. In addition, vasopharm welcomed Creathor Ventures as new investor and Christian Leikert, Partner at Creathor Ventures, joins vasopharm’s board of directors.
vasopharm’s lead product, Ronopterin (VAS203), is in Phase III development for the treatment of moderately to severely injured closed head TBI patients. TBI is the leading cause of death and disability
Private equity firm Permira is to acquire a majority stake in sustainable fashion brand Reformation. As part of the transaction, Yael Aflalo will remain Chief Executive Officer and a significant owner of the company, and Hali Borenstein will remain as President.
Headquartered in Los Angeles and founded in 2009, Reformation designs and manufactures limited edition collections using sustainable methods and materials. The company puts sustainability at the core of everything it does, making effortless silhouettes that celebrate the feminine figure while catering to consumers who want to minimise their ecological footprint. From running a sustainable factory in Los Angeles to
Wren Sterling has acquired TD Armstrong Financial Planning Limited (T D Armstrong), a Dunfermline-based independent financial planning business.
The deal will secure around GBP116 million of assets under advice, taking Wren Sterling’s total assets under advice to GBP3.3 billion.
Wren Sterling has over 100 advisers based in eight regional offices across the UK. The firm specialises in all aspects of savings, investments and retirement planning, and offers pensions and benefits advice to corporate clients.
Wren Sterling was backed by Palatine Private Equity in April 2015. This is the third bolt-on acquisition Palatine has supported following the acquisitions of
Events
12 November, 2026 – 8:00 am
12 November, 2026 – 5:00 pm
