Deals
An affiliate of One Rock Capital Partners, has completed the previously announced acquisition of Process Solutions, formerly Newell Brands.
Headquartered in Greenville, South Carolina, Process Solutions is a manufacturer and material sciences company that offers custom-designed plastic, nylon, monofilament and zinc products in the health care, consumer, and industrial end markets. Process Solutions is the primary supplier of copper-plated zinc penny blanks to the United States Mint as well as a supplier of coinage to other countries.
Tony W Lee, Managing Partner of One Rock, says: “We are pleased to collaborate with the Process Solutions team and our Operating
Maven Capital Partners (Maven) has led a GBP1.2 million investment into Hive HR (Hive).
The employee engagement Software-as-a-Service (SaaS) platform secured funding through the North East Development Fund, supported by the European Regional Development, and Maven VCTs, in order to make a succession of new hires and accelerate product development.
Maven provided GBP350,000 through its management of the North East Development Capital Fund, supported by the European Regional Development Fund, with GBP250,000 provided by Maven VCTs. The remaining GBP600,000 was raised from private investors, management, and via the Growth Capital Ventures co-investment platform. Funding will enable Hive to invest
Funds associated with Lightyear Capital (Lightyear), a New York-based private equity firm focused on financial services, have acquired a controlling stake in Lighthouse Technologies Holdings Corp (Lighthouse), a specialist in technology-enabled eDiscovery, compliance and information governance.
Several existing investors and the senior management team will remain committed shareholders as part of this transaction. Financial terms of the deal have not been disclosed.
Founded in 1995, Lighthouse provides end-to-end software and services to help compliance and legal teams manage enterprise data and the eDiscovery process. The Company enables legal and compliance teams to fully understand their data in response to incidents
AMN Healthcare Services, a specialist in healthcare workforce solutions and staffing services, is to acquire Advanced Medical Personnel Services, Ia portfolio company of Clearview Capital.
The purchase price is USD200 million, with up to an additional USD20 million to be paid based on Advanced’s 2019 financial performance. The acquisition is structured to allow AMN to realise tax benefits with an estimated net present value of USD8 million and is expected to be immediately accretive to AMN’s adjusted earnings per share.
Advanced is an innovative healthcare staffing company that specialises in placing therapists and nurses in contract positions across multiple
British Business Investments, a commercial subsidiary of the British Business Bank, has committed GBP50 million to BOOST&Co’s second fund, Industrial Lending II.
BOOST&Co is an independent asset manager specialising in lending solutions for high-growth SMEs in the UK. It offers growth capital and venture debt of GBP2 million to GBP10 million to businesses in all sectors, with a focus on software, business services, fintech and cleantech, helping these businesses to deliver on their growth ambitions.
In 2019, BOOST&Co opened regional offices in Manchester and Bristol, with plans to open an office in Cambridge later this year. This regional expansion
Axiata Digital (AD), the digital services arm of Axiata Group (Axiata), is to sell its Digital Ventures portfolio for USD140 million to Singapore-based investment fund Pegasus 7 Ventures.
The sale consists of ownership stakes in category-leading digital businesses such as India’s largest rural commerce platform, StoreKing, and global micro-insurance company, BIMA. Pegasus which is managed by Gordian Capital, will aim to drive the growth of the portfolio under the leadership of Gautam Saxena, an investment banker and former Head of Asia Telecom and Media with Bank of America Merrill Lynch.
The Ventures portfolio is largely focused on companies that seek
Phoenix Equity Partners has reached an agreement with Souter Investments (Souter) and Manfield Partners (Manfield) to acquire a majority stake in Mobius Life, an independent provider of investment administration services to UK pension schemes.
Phoenix will invest alongside the current management team, led by CEO Adrian Swales. Equity for the transaction, which remains subject to necessary regulatory approvals, will come from Phoenix’s 2016 Fund. Terms of the transaction have not been disclosed.
Mobius Life provides investment administration services, via a UK life insurance structure, to UK defined benefit and defined contribution pension schemes to help them implement their investment strategies
Broadstone, a UK-based employee benefits and pensions consulting businesses backed by private equity firm Livingbridge, has acquired Glasgow-based Thomson Dickson Consulting (TDC) to support its growth across consulting and actuarial.
The business is owned and managed by actuaries Ann Marie Dickson and Andy Thomson who, along with all of the company’s employees, will remain with the firm post-acquisition in its Glasgow offices.
TDC provides actuarial consultancy, scheme administration, and governance services to trustees and sponsoring employers of occupational pension schemes. The company was established in 2002 with an almost exclusive focus on providing high quality and cost-effective services to employers
Walter Global Asset Management (Walter) has become a minority shareholder in LionGuard Capital Management (LionGuard), an asset management firm that specialises in fundamental research on small and medium capitalisation companies.
This is Walter’s first investment since forming in late 2018, and its new commitment includes direct allocations toward LionGuard-managed funds via parent company Walter Financial. Through this partnership, LionGuard is poised for growth and will expand its teams across research, operations, and client-servicing divisions.
“Partnering with Walter Global Asset Management and, in particular, Sylvain Brosseau, who brings an outstanding reputation in the industry, enables us to rapidly grow LionGuard, bringing us
Challenge Group – a logistics recruitment and distribution company – backed by Praetura, has acquired TRG Logistics to form one of the largest independent providers of HGV drivers and warehouse staff in the UK.
The undisclosed deal will see the two companies merge to become Challenge TRG Group, with current TRG CEO, Nick Gordon, and TRG MD, Steve Imber, continuing in their roles, as well as becoming shareholders in the newly-formed business.
Challenge TRG Group, which will have a combined turnover of GBP120 million, will collectively employ around 4,000 temporary workers and 150 permanent employees, and will continue to
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12 November, 2026 – 8:00 am
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