Deals
Thomas H Lee Partners (THL), a private equity firm investing in growth companies, is to acquire AutoStore, a robotics and software company providing automation technology to warehouse & distribution facilities around the world.
Members of AutoStore’s senior management team and EQT, among others, will continue to hold minority positions in the Company. EQT will also remain on the Board alongside THL going forward. Terms of the transaction, which is expected to close during the third quarter of 2019, have not been disclosed.
Founded in 1996 and located in Nedre Vats, Norway, AutoStore designs and engineers patented high-speed robots, highly modular
Business-to-business (B2B) auto parts trading platform Haoqipei has closed a USD60 million Series D financing round led by Access Technology Ventures, with David Yang joining the Haoqipei Board of Directors.
Additional participants in the financing included existing investors XVC Venture Capital, Jeneration Capital, DCM and SIG.
Founded in 2016 and now having raised more than USD150 million in private capital, Haoqipei is an online, technology-driven trading platform connecting vehicle repair shops with auto part suppliers. The company provides market price comparisons and online payments through its software as a service (SaaS) system, and offline warehousing and logistics services.
The
Xirgo Technologies (Xirgo), a portfolio company of private equity firm HKW, has acquired UAB Baltic Car Equipment (BCE) based in Kaunas, Lithuania.
Founded in 2006, BCE provides a variety of fleet management solutions, including hardware and software suites for light vehicles, trucks, heavy machinery, and agricultural equipment targeting a variety of industries.
Shawn Aleman, CEO of Xirgo, says: “We are very excited to welcome the BCE team to Xirgo. The joining of our companies will allow Xirgo to establish a European footprint improving our access to Europe, the Middle East, and Africa, enabling our companies to target new customers
Fortino Capital Partners has expands its portfolio of Travel & Expense management companies with an investment in Declaree.
Founded in 2014 by Bas Janssen, Bart Jochems and Jasper Spoor with the ambition of simplifying and facilitating paper-based and cumbersome expense management processes, Declaree has 20 employees and 750 clients mainly located in the Netherlands and Germany. In the Netherlands and Belgium, Declaree serves large customers such as KLM, Hunter Douglas, Schiphol and KPMG, as well as many small and medium-sized companies. For Germany, it is about companies such as Lemonaid, Suitepad and Lufthansa Group Business Services.
Expense management is a
Connected Energy, a specialist in site-integrated energy storage solutions, has secured a GBP5 million investment to realise ambitious growth plans on a global stage.
The significant investment, made by Sumitomo Corporation, ENGIE and Macquarie Group, will provide the UK company with a platform to deliver its next phase of international growth having developed the world’s only commercially-available, stationary, energy storage system which uses electric vehicle battery packs after they have completed their useful lives on-board vehicles.
With rapidly increasing, global electric vehicle sales, Connected Energy is at the forefront of worldwide innovation having developed a means of reusing electric
Wolt, a Helsinki-based food delivery service, has secured a USD130 million Series C investment round, led by ICONIQ Capital, to drive growth, expansion into new markets and hiring across operational countries.
Existing investors 83North, the EQT Ventures fund (EQT Ventures), Highland Europe and Lifeline Ventures also participated in the round. This latest investment brings total funds raised by Wolt in the last 18 months to USD160 million, following a USD30 million Series B led by 83North in January 2018.
Founded in Helsinki in 2014, Wolt’s aim is to make it incredibly easy for people to discover and get great food
Newbridge Global Sourcing (Newbridge), a leading specialty finance company focusing on payables funding, recently provided USD30 million in supply chain financing to clients throughout North and Latin America, Europe and Asia.
Clients included a Florida-based distributor of luxury consumer products, a Latin American snack food manufacturer and a New York-based pharmaceutical distribution company, among others.
Newbridge’s differentiated supply chain finance product allows buyers to benefit from extended payment terms up to 120 days while suppliers benefit from the accelerated collection of receivables. Newbridge purchases 100 per cent of clients’ inventory cost, including raw materials, finished goods and packaging supplies.
Mid Europa Partners (Mid Europa), a private equity investor in Central and Eastern Europe, as completed the sale of Bambi, a biscuit producer in the countries of former Yugoslavia, to Coca-Cola HBC AG.
Mid Europa acquired Bambi in 2015 together with Imlek and Knjaz Miloš, the leading regional dairy and natural mineral water players, respectively, forming the consumer group – Moji Brendovi.
Palatine Private Equity has completed the management buyout of SMP Group, after receiving regulatory approval for the deal.
Established in 2007, SMP Group has grown into a leading international provider of fund administration and corporate and trust services. Headquartered in the Isle of Man, the company now employs over 200 people across seven global offices, which include Jersey, Switzerland, Malta, Hong Kong, Cayman Islands and the Bahamas.
The MBO comes as part of a planned leadership succession process which will see the former group business development director, David Hudson, move into the role of group CEO. He will be
IK Investment Partners’ (IK) IK VIII Fund is to acquire LAP Laser Applikationen (LAP), a provider of laser positioning systems as well as quality assurance (QA) software and hardware used during radiotherapy treatments, from capiton.
LAP was established in 1984 and provides laser measurement and projection systems used in highly attractive and diversified niche end-markets within the healthcare and industrial segments.
“With our high precision and easy to use measurement and projection systems, LAP has formed long-standing relationships with our global radiotherapy and industrial blue-chip customers. IK is the perfect partner as they have a genuine understanding of the medical technology
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