Deals
Covercraft Industries has acquired Carver Industries, a manufacturer of premium-quality, custom-fit and semi-custom fit protective covers for the marine industry.
This latest acquisition enhances Covercraft’s world-leading pattern library and expands the company’s assortment of custom-fit vehicle protection products.
Based in South Carolina, Carver Industries produces a wide array of boat covers, bimini tops, canoe and kayak covers as well as various ATV and UTV covers. Carver’s products are currently available through local marine dealers and internet retailers with distribution throughout the US, Canada, the Caribbean and Europe.
“We’re excited to be joining the Covercraft family and bringing Carver’s
Council Capital, a healthcare-focussed private equity firm based in Nashville, has invested in The Center for Neurological and Neurodevelopmental Health and The Clinical Research Center of New Jersey (CNNH).
Terms of the transaction have not been disclosed.
Headquartered in Voorhees, New Jersey, CNNH provides neurology-led medical assessment, testing, and treatment for children and adolescents with neurological, developmental, learning, and neuropsychological issues. CNNH is focused on providing innovative and coordinated care for patients and families including a comprehensive array of assessment, treatment, and support services in office, school, home, and community environments.
CNNH’s interdisciplinary team of experts works individually
Floreat has backed two privately-owned cyber security companies as part of its growth strategy in the private equity market.
Floreat Principal Investing, headed up by Jeff Sinclair, has invested in artificial intelligence business Senseon, and intelligent automation services provider Encompass, with the two privately held businesses offering one of the most attractive routes to access this growing area.
Sinclair, Managing Director at Floreat Principal Investing, said both businesses are examples of the opportunities available to private equity investors in this cutting edge sector.
“By 2022, the global cyber security market is estimated to be worth USD232 million, according
Novo Seeds’ portfolio company Galecto Biotech AB (Galecto), a developer of galectin modulators for the treatment of severe diseases, including fibrosis and cancer, has successfully closed a EUR79 million series C financing round.
As part of the financing, Novo Seeds invested EUR12.5 million, including a convertible loan, becoming the largest shareholder in Galecto. Novo Seeds Senior Partner, Stephan Christgau will continue to serve on the Galecto Board.
Stephan Christgau, Senior Partner at Novo Seeds, says: “Novo Seeds’ strategy is to identify, build and invest in innovative startup companies founded on strong science, with the ultimate goal of developing products
Mineria Activa, through its private equity fund FIP Lantanidos, has invested an additional USD2 million into BioLantanidos.
FIP Lantanidos holds 100 per cent of controlling shares of BioLantanidos, which has a high grade REE ion clay deposit rich in rare earths used to build permanent magnets that are increasingly in demand for the electric vehicles and clean energy industries.
The use of funds is to support BioLantanidos through 2019 while going through permitting and finishing the Definitive Feasibility Study.
Scale Computing, a market leader in edge computing and hyper-converged solutions, has secured USD34.8 million in Series F funding.
The largest investor in the round is Lenovo, which last week announced a global partnership with Scale to bring intelligent edge computing to global retailers, distributed enterprises, and SMBs. New and existing financial investors also participated in the round.
Scale’s patented HyperCore technology identifies, mitigates, and corrects infrastructure problems in both hardware and software in real time, using machine intelligence and automation to keep applications running without human intervention. This capability is especially critical in distributed enterprise edge computing, retail, and
Roark, an Atlanta-based private equity firm focused on franchise and multi-unit businesses, has ompleted fundraising for its two newest funds, Roark Capital Partners V LP and Roark Capital Partners II Sidecar LP, raising a combined total of USD6.5 billion.
Fund V, Roark’s main fund, targeted USD4 billion and closed on USD5 billion of capital commitments. The Sidecar Fund targeted USD1 billion and closed on USD1.5 billion of capital commitments alongside the main fund.
Neal Aronson, Roark’s Founder and Managing Partner, says: “We are enormously grateful for the continuing support of our longstanding partners, and are excited to welcome new
Noerr has provided advice and support to meal kit company, HelloFresh, on its strategic acquisition of Canadian competitor Chefs Plate.
HelloFresh entered into an agreement with the shareholders of Chefs Plate to acquire all shares in the company. Both companies will operate under the umbrella of HelloFresh in the future. The acquisition positions HelloFresh as the unrivalled market leader in Canada with target revenue of CAD 200 million for 2019. The closing of the transaction is subject to conditions precedent and is currently expected to occur within the next few weeks.
In March, Noerr advised HelloFresh on the acquisition of
UK private equity house Maven Capital Partners (Maven), through its management of the Finance Durham and North East Development Capital Fund, supported by the European Regional Development Fund, has provided GBP825,000 of funding to independent shipping container supplier, Parsons Containers Limited (Parsons).
The funds have invested GBP500,000 and GBP325,000 respectively, which will support the company’s growth plans, enhancing its digital presence online and help the business to open four new sites for its self-storage brand, ‘U Hold the Key’, in the next 12 months.
A long-established supplier of shipping containers for all applications by sale and hire throughout the
Wireless Innovation, a specialist Machine-to-Machine (M2M) and Internet of Things (IoT) connectivity and communications provider, backed by Horizon Capital, has acquired Rock Seven Mobile Services Limited and YB Tracking Limited.
Founded in 2008, Rock Seven and YB Tracking provide connectivity and hardware, which enable customers to track assets and IoT devices in remote and hazardous locations utilising the Iridium satellite network. The business has demonstrated significant growth, expanding sales by 200% over the last two years, and will allow the enlarged group to access new fast- growing markets in the M2M sector.
Richard Searle, CTO of Rock Seven, says: “We
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