Deals
Lower-middle-market private equity firm Huron Capital’s aftermarket car accessories and restoration parts platform Drake Automotive Group has acquired Boulder, Colorado-based Proforged, a designer and distributor of chassis parts.
The deal marks the fourth add-on acquisition for the Drake platform investment in less than two and a half years. Since 2016, Drake has also acquired Fender Gripper, Carroll Shelby Wheel Company and OG Innovations.
Proforged has a strong presence in the wear-and-tear replacement market with more than 2,000 steering and suspension products across all major vehicle platforms and brands sold online to auto parts retailers. Proforged was founded by Zack Kanter
Edge Investments (Edge) has invested in a significant minority shareholding in Over the Top (OTT) video distribution platform Airbeem.
Airbeem’s multi-use Software as a Service (SaaS) platform enables content owners to publish and monetise their video content direct to consumers by creating immersive video experiences reaching audiences on all devices.
Its turnkey solution for the middle market provides an end-to-end solution between content owners and consumers, offering easy and affordable ways for publishers delivering their content to drive various monetisation models and create a compelling user experience around their content.
As research shows an ongoing decline in linear
International private equity firm, Cinven, is to acquire JLA, a leading critical asset supply and services business for laundry, catering and heating in the UK, for an undisclosed consideration.
Headquartered in Ripponden, West Yorkshire, JLA provides commercial laundry, catering and heating solutions to more than 25,000 small and medium-sized enterprise (SME) customers. JLA offers a unique ‘Total Care’ proposition, which combines equipment supply with guaranteed service response times for a contracted monthly fee, providing peace of mind and value for money to a range of customers including care homes, hotels, education providers and housing associations.
Founded in 1973, JLA
Odysseus Investments, the private equity arm of Reech Corporations Group, recently announced a significant investment in Whitebox Services AG, an independent financial advisory firm using advanced Artificial Intelligence (AI) technology to offer tailor-made investment services to retail clients.
The investment makes Odysseus the largest external investor in the company. Christophe Reech (pictured), Chairman of Reech Corporations Group, explains that he established Reech after a lengthy career as a serial entrepreneur as a financier, principally working in supporting and developing established businesses as well as identifying new business opportunities.
One of his ventures, subsequently sold to SunGard in 2004, was
Silverfleet Capital, a Pan-European private equity firm that specialises in buy-to-build, is to acquire a majority stake in Prefere Resins Holding.
Headquartered in Erkner, situated on the outskirts of Berlin, Germany, the Company is a European market leader in the development, production and sale of phenolic and amino resins which are used as a binding agent across the construction, insulation and industrial sectors. Completion is subject to regulatory approval and the terms of the transaction were not disclosed.
Built through the acquisition of plants owned by Neste and Perstorp in 2000, Prefere operates seven production facilities across six European
Indian craft beer brand Bira 91 has closed its third round of funding at USD50 million, led by Belgian investment firm, Sofina.
This brings the company to over USD100 million in funding to date.
This latest round will be deployed to expand the India business five-fold over the next three years and establish a leadership position in the Indian premium beer market. It will also further accelerate Bira 91’s global footprint with expansion in the US market, as well as Asia Pacific, including Singapore, Thailand, Hong Kong and Vietnam.
Two years ago, Sequoia Capital India marked its first-ever
Green Arrow Capital, an independent asset management platform specialised in alternative investments, has completed the acquisition of of Quadrivio Capital SGR.
Luisa Todini, Partner of Green Arrow Capital and appointed Chair of the asset management company, says: “We are very satisfied because today’s closing represents the last step in a long competitive process that has allowed us to rank among important Italian and foreign investment companies. With this acquisition, we aim to be amongst the leaders in the alternative investment sector in Europe.”
Eugenio de Blasio, Founder and Managing Partner of Green Arrow Capital, as well as appointed CEO
Paediatric home healthcare company Aveanna Healthcare is to acquire Premier Healthcare Services. Financial terms of the transaction, which is expected to close in mid to late June, have not been disclosed.
Rod Windley, Executive Chairman of Aveanna, says: “Premier Healthcare Services is the largest and most respected provider of hourly skilled home health and Behavioural Health Benefit Administration Services to medically complex paediatric patients and their families in California. The addition of Premier will enhance our ability to provide patients and their families with the highest quality care available in even more locations across the United States. Aveanna and Premier
Gamma Technologies, a provider of engineering simulation software, has secured a strategic investment from Cove Hill Partners, a long-term oriented private equity firm.
TA Associates, a growth private equity firm that invested in Gamma Technologies in June 2015, will continue to remain the largest shareholder in the company following the transaction which is expected to close at the end of June 2018. Financial terms have not been disclosed.
Founded in 1994, Gamma Technologies offers a highly sophisticated computer-aided engineering (CAE) software GT-SUITE that is used by engineers to execute large-scale, integrated simulations of powertrain and vehicle systems. GT-SUITE includes
ZyroFisher, the leading cycling parts and accessories distributor in the UK and Ireland, has acquired Royal Velo France (RVF), a distributor of leading cycling parts and accessories in France, from the Exxem group.
ZyroFisher, formed in 2016 through the combination of cycling parts and accessories distributors Zyro and Fisher Outdoor Leisure has headquarters in Darlington in the north of England and represents over 50 market leading brands including Giro, SRAM and Tacx as well as its proprietary clothing, luggage and accessories brand, Altura.
RVF, based in Troyes, is a key partner for leading brands such as Sidi, Giro, Bell
Events
12 November, 2026 – 8:00 am
12 November, 2026 – 5:00 pm
