Deals
MachineMetrics, which equips factories with the digital tools needed to increase productivity and win more business, has raised USD11.3 million in Series A financing round.
Tola Capital led the round with participation from existing investors Hyperplane Venture Capital, Long River Ventures, Mass Ventures, Hub Angels and Firebolt Ventures. With the new funds, the company will expand its data science and product development teams while accelerating global sales.
MachineMetrics is a pioneer in Industrial IoT (Internet of Things) technology and brings analytics to manufacturing. Once installed, manufacturers can collect, visualise and analyse data from any industrial machine.
MachineMetrics is a
Manchester-headquartered Ardenton Capital Corporation has invested in Birmingham-based Shaftec Automotive with funding support from PNC Business Credit UK.
Ardenton’s third investment in the West Midlands, Shaftec has been supplying remanufactured and new parts to the motor trade for more than 20 years, establishing itself as the leading transmission, steering and braking supplier to the UK aftermarket.
The business has a headcount of 130, operating from its 42,000 sq ft facility in Birmingham where it manufactures and distributes products across the UK and Europe.
Ardenton has been active in the West Midlands since the Canadian-headquartered investor established its first
Altus Capital Partners, an investment firm focussed on middle market manufacturing companies headquartered in the US, has sold International Imaging Materials (IIMAK) to ACON Investments, LLC.
Financial terms of the transaction have not been disclosed.
Altus Capital Partners acquired IIMAK in June 2012 alongside the senior management of IIMAK to support the Company’s growth and expansion efforts. Headquartered in Amherst, New York, with additional operations in Belgium, Brazil and Mexico, IIMAK is a leading developer and manufacturer of Thermal Transfer Ribbons, Direct Thermal Films and Fluid Inks used to print on-demand variable information such as bar codes, text and
eHealth Ventures, a digital health technological incubator in Israel, has acquired its 8th portfolio company – Engineering for All (EfA), managed by Yoel Ezra, an elite IDF technology unit veteran with many years of R&D management experience. eHealth Ventures has invested USD900,000 in the company’s seed financing round.
EfA is developing RevDx – a revolutionary Digital Diagnostic programable lab-on-hand system that can enable fully automated, on-the-spot gold standard microscopy diagnostics and real-time disease mapping, through an affordable handheld real-time digital, multichannel solution. This includes full CBC and parasitology capabilities, diagnosis of infectious diseases and precise and affordable test-treat-track treatment – all
Nautic Partners has sold portfolio company Endries International and related affiliates to MSD Partners.
Endries is a distributor of fasteners and Class-C parts serving industrial Original Equipment Manufacturers (OEMs) worldwide, providing over 500,000 SKUs to its customer base.
Endries operates primarily through a vendor managed inventory model, managing C-part categories for its customers across diverse industrial end markets. Endries partners with OEM customers through robust replenishment systems that provide products and support services which are critical to maintaining the manufacturing process.
Chris Pierce, Managing Director of Nautic, says: “The Endries management team is truly world-class. We thank Steve
A consortium led by Polaris and Acathia, comprising Sampension and Unigestion, among others, has acquired Danica Pension Försäkringsaktiebolag (Danica Pension Sverige) for a total consideration of approximately SEK2.6 billion, corresponding to approximately DKK1.9 billion (approximately EUR255 million).
Danica Pension Sverige was established in 1999, has around 60 employees and is the sixth largest life insurance company in Sweden with 150,000 retail customers and 15,000 corporate customers.
“We see attractive opportunities in the Swedish pension market and are convinced that Danica Pension Sverige is the company best positioned to benefit from these opportunities and continue its impressive growth and development
The Riverside Company is to sell DPA Microphones (DPA), an Allerød, Denmark-based developer and manufacturer of high-end microphones, to RCF Group (RCF).
DPA’s products are trusted by demanding professional users across the world for use in theatre, broadcast, live and studio applications. Notable users include Stevie Wonder, Katy Perry, Metallica, Coldplay, Paul McCartney and Céline Dion — broadcasters such as BBC, as well as hit Broadway shows like Les Misérables and Phantom of the Opera.
During Riverside’s investment, DPA’s sales and EBITDA nearly doubled while its product portfolio and distribution network grew significantly. DPA cemented its clear leadership position
Finantix has secured a strategic investment from Motive Partners, a global private equity firm focussed on growth investments in financial technology companies.
Motive Partners will become a majority shareholder in Finantix and will support the company and the founders in extending the functional footprint of the product and in accelerating geographic expansion.
The announced transaction follows strong financial results for Finantix which has experienced significant growth in recent years with now over 250 specialists in seven cities and a global customer base spanning more than 45 countries.
Scott Kauffman, Partner at Motive Partners, says: “Finantix founders, Ralf Emmerich
Mid Europa Partners (Mid Europa) is to acquire intive SA, a provider of software development services with over 1,600 qualified specialists in 19 offices worldwide, from Enterprise Investors.
The transaction is subject to customary competition clearance and is expected to close in Q1 2019.
Combining design and technology, intive has become the digitalisation partner of choice for many international corporations across multiple industry verticals including automotive, high-tech, industrial, media, as well as consumer and financial services.
Kerim Turkmen, Partner of Mid Europa, says: “We are excited to be teaming up with intive’s management team and have been particularly
DOB Equity, a Dutch family-backed impact investor in East Africa, has invested in Coconut Holdings Limited, producer and owner of the Kentaste range of coconut-based products.
The investment in Coconut Holdings adds to DOB Equity’s health conscious agri portfolio, following its recent investment in Ten Senses Africa, an organic macadamia nut producer and processing company.
Coconut Holdings owns and operates two coconut processing facilities on Kenya’s coast and is the largest producer of coconut oil, milk and cream in the country. It targets both the food and personal care market. The business purchases coconuts from small-holder farmers of which
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