Deals
Palatine Private Equity has completed the secondary buyout of CET UK, a specialist provider of infrastructure and property assurance services.
Palatine has taken a majority stake in the company, which employs over 470 staff and was established in 1989 in Castle Donington. The deal was supported by debt and working capital facilities from Clydesdale and Yorkshire Bank Acquisition Finance and Beechbook Capital.
The property assurance arm of the business provides specialist claim response, property risk investigation and issue mitigation services for the UK insurance claims sector. CET’s infrastructure division operates from a nationwide network of regional offices and UKAS
SteelEye, a compliance technology and data analytics firm, has completed a GBP2.9 million fundraise extension led by capital markets venture capital firm, Illuminate Financial, bringing the total seed funds raised to GBP5.7 million.
The funding will help drive the expansion of SteelEye’s products and services and its ability to serve a growing client base during a time of rapid regulatory change.
SteelEye’s innovative cloud based solutions helps clients to solve compliance challenges for MiFID II, MAR, EMIR, Dodd Frank and other international regulatory obligations. SteelEye brings together order, trade, market and reference data along with communications (electronic and
Private equity investor EmergeVest has consolidated ownership of six of the UK’s leading logistics companies to create EV Cargo, one of the UK’s largest providers of transport, logistics and freight-forwarding services and logistics technology, and a global supply chain company operating in more than 120 countries.
With GBP850 million of revenue annually, EV Cargo is now the largest privately-owned logistics business in the UK, providing mission-critical supply chain services to leading brands.
EV Cargo has been created by the consolidation of Adjuno, Allport Cargo Services, CM Downton, Jigsaw, NFT and Palletforce into a single corporate structure. The new firm
Livingstone has advised the management team of Feefo and London-based private equity house Vespa Capital on the management buy-out of the reviews and customer insights technology provider.
The transaction will see the acquisition of the shareholdings of the two co-founders CEO Andrew Mabbutt and CSO Matt Eames, along with that of Chairman Nicholas Wheeler.
The strengthened team now comprises Matt West as Chief Executive Officer, Richard Sawney, Chief Finance Officer and Paul Greatbatch, Technical Director.
“This deal is an important and significant milestone for Feefo, which is fast becoming one of the most disruptive and forward thinking technology
Mayer Brown’s Private Equity team has advised The Halifax Group and Management on the sale of Pirtek Europe, an on-site provider of hydraulic hose replacement and associated services across Europe, to PNC Riverarch Capital, a US-based private equity firm.
Transaction terms have not been disclosed.
Founded in 1988, Pirtek Europe has 185 service centres and 750 mobile units across the UK, Ireland, Germany, Austria, Belgium, the Netherlands and Sweden.
The Halifax Group, a leading Washington-based middle-market private equity firm who partner with managers and entrepreneurs to recapitalise and grow mid-market businesses, acquired a majority stake in Pirtek Europe
The Romanian office of the regional law firm Wolf Theiss has assisted Search Corporation, a Romanian engineering company providing planning, design, consulting and management of road and air transport infrastructure services, in the sale of its part in Plaza Development SRL, the owner of Crystal Tower, the first Romanian office building equipped with a heliport, located in the heart of Bucharest.
The transaction was closed on 20 November 2018 in Bucharest and the buyer is the Czech investment company, PPF Real Estate. Wolf Theiss assisted Search Corporation and the other two minority shareholders of Plaza Development SRL in all stages
Monroe Capital (Monroe) has closed a USD455.75 million term debt securitisation known as Monroe Capital MML CLO VII, LTD. The term financing was Monroe’s third CLO completed in the last 13 months and is secured by a portfolio of middle market senior secured loans.
Monroe sold securities rated from AAA through BB. Monroe and its affiliates retained a majority of the Subordinated Notes in the transaction. BNP Paribas served as the Lead Manager, Structuring Agent and Bookrunner. This transaction was structured to meet and comply with both the European risk retention guidelines as well as US risk retention guidelines.
Altus Capital Partners (Altus), an investment firm focussed on the North American manufacturing sector, has acquired ChoiceSpine, a designer, manufacturer, and marketer of specialised spinal implants, instrumentation and biologics for the surgical treatment of complex spine disorders.
Financial terms of the transaction were not disclosed.
Based in Knoxville, TN and founded in 2006, ChoiceSpine, LP and Knox Spine, LLC collaborate with physicians to develop new products which incorporate current medical technology with customised patient solutions. ChoiceSpine products include minimally invasive, cervical, thoracolumbar, interbody, lateral, and biologics kits and implants that increase procedural efficiency and efficacy.
“We recognise the
Cowen is to acquire Quarton International AG and affiliated Quarton entities (Quarton), a global financial advisory company serving the middle market.
The definitive agreement has been approved by Cowen’s board of directors and Quarton International’s shareholders and governing bodies. The transaction is expected to close by 2 January 2019.
Quarton International is the result of the 2015 merger of Switzerland- and Germany-based Blue Corporate Finance (founded 2001) and Detroit-based Quarton Partners (founded 2010), and has a team of 70 professionals across ten offices in Europe and the US. With its international expertise, extensive financial sponsor relationships and unique domain
Salveo Capital, an alternative investment firm specialising in the legalised cannabis space, has completed an investment in Harborside.
The investment, which is part of a Series B funding for Harborside, will help facilitate the company’s expansion throughout California and further improve its supply chain.
Founded in 2006, Harborside is one of the oldest, largest and most respected names in the cannabis industry. Having played a significant role in making cannabis safe and accessible to a broad and diverse community of California consumers, Harborside has cultivated a network of retail stores with a reputation for offering a curated selection
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