Deals
HDR is expanding its multidisciplinary building engineering services by acquiring Hurley Palmer Flatt Group, headquartered in London.
Going forward, the UK firm will do business as HDR | Hurley Palmer Flatt Group.
The acquired entity comprises all subsidiaries, which will also do business as HDR | Hurley Palmer Flatt; HDR | Andrew Reid; HDR | Bradbrook Consulting; and HDR | Concentre Consulting.
HPF Group is the United Kingdom’s leading independent engineering consultancy, providing solutions for the built environment. Services include mechanical, electrical and plumbing; civil and structural engineering; and commissioning management, with particular expertise in institutional, high-rise multi-use, financial and
European mid-market private equity investor Equistone Partners Europe (Equistone) is in exclusive negotiations with Naxicap Partners for the acquisition of Sateco, a specialist in the manufacturing and distribution of metal formwork equipment for concrete forming and safety platforms on construction sites.
Founded in 1953 and specialising in the sale of formworks, Sateco has successfully diversified a clientele historically composed of local SMEs to include mid-sized businesses nationally and large construction companies. With 235 employees and a turnover of EUR68 million in 2018, Sateco’s offering also includes the sale of second-hand equipment, equipment rental and maintenance and user training.
Arnaud
AURELIUS Equity Opportunities has agreed to sell its subsidiary Solidus Solutions (Solidus) to funds advised by Centerbridge Partners for an enterprise value of approximately EUR330 million.
Solidus is the leading European producer of sustainable fibre-based packaging solutions for food, beverage & horticulture, consumer goods and industrial applications. The deal represents AURELIUS’ largest exit to date achieving a money multiple of approximately 16x over the four years of ownership. The transaction is subject to the approval of the competent antitrust authorities and consultation with the central works council of Solidus Solutions in the Netherlands which is expected to happen in Q3
Apex Group (Apex), has successfully closed the acquisition of the Corporate and Private Client Services (CPCS) and Throgmorton businesses of Link Group’s Asset Services division.
The acquisitions add over 600 employees and 6,000 clients to the Apex Group, across multiple markets, and bolsters Apex’s corporate services capabilities adding specialist hubs in the UK, Jersey, Ireland, Luxembourg, the Netherlands, Hungary and Switzerland.
Over the past eighteen months, Apex has continued to expand its capabilities to meet client demand successfully executing a programme of strategic acquisitions to deliver on its ambition to offer a unique end-to-end solution for global asset managers
IPO exits have fallen dramatically in recent years and the causes are deeper-rooted than stock market price cycles. Private Equity Wire’s Paul Bryant investigates…
Headline numbers signal that Private Equity is falling out of love with IPOs as an exit route. Globally, the value of PE-backed IPOs surged in the 2013-2015 period, but have been on the decline since. The value of IPO exits in 2018 (USD24 billion) was just one-fifth of the 2014 peak (USD118 billion).
Across Europe, the value fell from EUR26 billion in 2015 to EUR8 billion in 2018, with deal numbers down from 49 to 13.
Qualis Flow, an environmental management platform that tracks, monitors, and predicts project environmental risk, has raised GBP725,000 in seed funding.
This round of investment is being led by Pi Labs, the proptech VC specialist, alongside Entrepreneur First, MMC Ventures and Rising Tide Europe.
Founded by Brittany Harris and Jade Cohen, two ex-construction professionals, Qualis Flow aims to drastically reduce the impact construction work has on the local and global environment. Qualis Flow’s cloud-based platform accelerates the ability of teams to monitor and forecast the environmental risk of construction projects, reducing the overall carbon footprint and disruption to local communities and
One Equity Partners (OEP), a middle market private equity firm, has completed the acquisition of Walterscheid Powertrain Group, (Walterscheid), a provider of original equipment and aftermarket parts and services for off-highway powertrain applications, from GKN Limited.
Walterscheid, headquartered in Lohmar, Germany, manufactures, distributes and services shafts, gearboxes, attachment systems, clutches and other parts for off-highway applications. Founded in 1919, the Company’s 2,200 employees provide a wide range of services for agricultural, construction, mining, and industrial OEM and aftermarket customers in Europe, China and North America.
“We look forward to supporting CEO Wolfgang Lemser and his team as they continue to
Mid Europa Partners, a private equity investor in Central and Eastern Europe, has completed the acquisition of Mlinar rom its founder, Mato Škojo, who will retain a minority stake in the business.
Mlinar is a bakery retail and wholesale business operating circa 220 directly-owned stores in Croatia and Slovenia, as well as franchise stores across 10 countries.
Mlinar operates its own production and logistics facilities and serves modern retail chains, as well as hotels and restaurants from its wholesale operations.
Maven Capital Partners (Maven), one of the UK’s most active private equity houses, has exited from its investment in JT Holdings UK Limited (Just Trays) to Kartell UK Limited (Kartell), delivering a 2x return for its investors.
Just Trays is a niche manufacturer of shower trays, selling its products into the bathroom distribution channels, building and plumbing merchants, as well as direct to housebuilders. Founded in 1988, the Company has been designing, innovating and producing an extensive range of high-quality shower trays and accessories for over 30 years. It now produces over 6,000 shower trays a week for the UK
Incline Equity Partners (Incline), a Pittsburgh-based private equity firm, has acquired Brown & Joseph (B&J), a provider of commercial accounts receivable management services primarily focused on insurance end markets.
Based in Itasca, IL, B&J specialises in B2B third-party collection services while also providing first-party collections and insurance premium audits. The company has earned a winning reputation within the commercial debt collection industry by delivering high quality, effective and innovative solutions to its customers. The Company’s proven approach to the recovery process delivers market leading performance for its customers which drives strong retention and growth with existing customers.
“This is
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