Deals
Carey Olsen’s investment funds team in Jersey has advised the South-east Asia focused AVI Frontier Fund I on its second close and investment into Techcombank’s landmark listing on Vietnam’s Ho Chi Minh Stock Exchange.
The new funding round follows the fund’s successful first close last July and subsequent exit from its first investment, which returned 37 per cent gross to investors in six months.
Partner Chris Griffin led the Carey Olsen team advising AVI and was assisted by associate Katrina Lindsay.
Griffin says: “It’s good to see AVI using the ever-popular and flexible Jersey Private Fund regime to
Maranon Capital has acted as Joint Lead Arranger for a senior credit facility to support Comvest Partners’ acquisition of Engage2Excel (E2E).
E2E, headquartered in Statesville, North Carolina, is a leading provider of employee recognition, sales incentives, talent acquisition and consumer loyalty solutions and services. E2E’s solutions focus on attracting, retaining, and engaging both employees and customers to increase productivity and profitability.
E2E maintains relationships across a diversified client base ranging from Fortune 100 companies to small and medium-sized businesses.
Private equity investor PAI Partners (PAI) is to acquire M Group Services, a service provider to the regulated infrastructure markets in the UK and Ireland, from First Reserve, a private equity firm exclusively focused on energy.
Jim Arnold, Chief Executive of M Group Services, says: “Over the past two years, First Reserve’s strategic investment in our group has enabled the successful delivery of our business strategy. This has resulted in continued profitable growth. We have broadened the markets in which we operate, we have diversified our service offering and we have created a strong foundation for future continued success across
Funds advised by private equity advisory firm Apax Partners have agreed to sell their ownership stake in GlobalLogic Inc to Partners Group, a private markets investment manager, which is acting on behalf of its clients in the acquisition.
The transaction values GlobalLogic, a leader in digital product engineering services, at over two billion dollars. Following the acquisition, Partners Group becomes an equal shareholder with existing investor Canada Pension Plan Investment Board (CPPIB).
With over USD500 million in revenue, and a 20 per cent-plus organic growth rate, GlobalLogic has more than doubled in revenue and EBITDA since the Apax Funds
Direct Healthcare Group (DHG), a private equity-backed manufacturer of pressure care solutions, has completed the acquisition of Qbitus Products.
Qbitus was founded more than thirty years ago and supplies bespoke, pressure relieving cushions to the NHS and Wheelchair Services.
Based in Caerphilly, DHG specialises in the development of clinically effective solutions for the delivery of harm-free patient care. The Group expects to grow turnover to GBP24m in the current year and has increased headcount from 62 to 180 since NorthEdge Capital supported an MBO in April 2016.
This latest bolt-on represents DHG’s fourth acquisition in 24 months. In
TPG Growth has partnered with management to acquire HALO Branded Solutions, a leading marketing services platform that distributes promotional products and provides employee recognition services.
TPG Growth acquired the company from Audax Private Equity. Financial terms of the transaction, which is expected to close in the second quarter, subject to customary closing conditions, including regulatory approval, have not been disclosed.
“At HALO, we strive to provide our clients with innovative, customised solutions that showcase their brand and values,” says Marc Simon, CEO of HALO. “TPG Growth is a hands-on partner that understands our business and supports our vision. We
IK Investment Partners’ (IK) IK Small Cap I Fund, alongside founders Maxime Aiach, Philippe Coléon and José Dinis, has acquired Domia Group (Domia), owner of French private tutoring market specialist Acadomia and French home cleaning provider Shiva, from Metric Capital Partners.
Acadomia is the leading player in the primary, secondary, higher-education and test-prep tutoring markets (at-home, centres and online). Since 1989, Acadomia and its employees have continuously innovated to offer quality learning experiences to more than 1 million families across different geographies, backgrounds, subjects and learning needs. Acadomia now operates a network of 100 agencies and 20,000 tutors dedicated to
A consortium of Finnish institutions, including LocalTapiola, Varma and Ilmarinen, together with Mehiläinen management and in partnership with lead investor CVC Capital Partners’ (CVC) Fund VII, has agreed to acquire Mehiläinen, a private healthcare and social care provider in Finland.
The change in Mehiläinen ownership does not impact the company’s employees, customers or business partners. Mehiläinen’s management team will remain unchanged as owners in the company.
Founded in 1909, Mehiläinen has a long and proud history of providing high quality and customer-centric healthcare and social care services to the Finnish population. Today, the company provides a full range of
BaltCap, together with majority shareholder Dasha Group AS, has sold the majority of the shares in Runway BPO to global BPO and customer experience company Webhelp.
Runway BPO is multilingual nearshore BPO firm servicing Scandinavian and international customers.
“During BaltCap’s ownership Runway has grown from being a nearshoring BPO service provider in the Baltics to being a pan-European player, having a number of call centres in the Baltics, Ukraine and Spain,” says Sandijs Abolins-Abols, member of the Supervisory Board of Runway and Partner of BaltCap. “During the 7-year period the company has tripled in size and continues to grow
Mecadaq Group, a provider of high precision manufacturing for the aerospace industry, has acquired Hirschler Manufacturing, a US based company specialised in hard metal machining.
Based near Seattle, Washington, USA, with EUR9m in turnover, Hirschler Manufacturing produces high-precision mechanical parts made from hard metals such as titanium, stainless steel, and inconel. The company has been a strategic supplier for more than 50 years to large clients in aerospace such as Spirit AeroSystems, Mitsubishi Heavy Industries, or Boeing, which has given the company the ‘supplier silver award’.
By joining the Mecadaq Group, Hirschler Manufacturing brings its customer portfolio, a recognised
Events
12 November, 2026 – 8:00 am
12 November, 2026 – 5:00 pm
