Deals
Onex Corporation (Onex) is to acquire a stake in PowerSchool Group (PowerSchool) from Vista, which will also invest new capital in the business.
PowerSchool is an education technology platform for K-12 schools. Concurrent with the Onex/Vista transaction, PowerSchool will acquire PeopleAdmin, an industry-leading provider of cloud-based talent management solutions for the education sector, creating K-12 education’s most comprehensive and integrated suite of products. The transactions are expected to close in the second half of 2018 subject to customary conditions and regulatory approvals.
PowerSchool provides best-in-class, secure and compliant online education solutions, which include the industry’s leading student information system, the
Beringea has advised and arranged debt funding worth up to GBP2 million to Edesix Ltd, a manufacturer of Body Worn Camera solutions.
The Edinburgh-based company will use the funding, provided through Beringea’s ProVen Legacy debt vehicle, to support the expansion of its sales operations as it targets growth in the US market.
Edesix’s VideoBadge wearable camera system enables users across a wide range of industries – from law enforcement and security to healthcare, retail, and public transport – to record high-quality video and encrypted footage. The company’s VideoManager software facilitates efficient and secure monitoring and control of cameras, as
Inflexion Private Equity has completed a minority investment in Huws Gray Limited (Huws Gray), one of the largest independent builders’ merchants in the UK.
Huws Gray, founded in 1990 on Anglesey, Wales, with one location, now operates from 57 trading locations with almost 800 staff. Over recent years, the company has achieved strong growth organically and through acquisitions.
Huws Gray will continue to be majority owned and led by the existing management team headed by John Llewelyn Jones and Terry Owen. The company is well placed to benefit from the consolidation of the builders’ merchants market and to expand
Semcon has acquired the German product information company HAAS-Publikationen.
HAAS-Publikationen is based in Troisdorf, Dessau and Berlin and has more than 25 years of experience in technical documentation and product information primarily for the German railway industry. Presently, HAAS-Publikationen engages almost 50 employees. Turnover for 2017 totalled close to SEK50 million. The acquisition is expected to have a positive effect on operating margin as well as earnings per share in 2018.
“With the extended knowledge from multiple industries and a solid service offering, from both HAAS-Publikationen and Semcon operations globally, we will become an even stronger partner to both
SWORD Health, the creator of the AI-powered digital physiotherapist SWORD Phoenix, has closed a USD4.6 million seed funding round. The investment, provided by Green Innovations and Vesalius Biocapital III and other investors from Europe and the US will be used to accelerate the development of new digital therapies and drive SWORD Health’s global growth.
SWORD Health is a technology platform pioneering a new approach to physical rehabilitation. Using a combination of high-precision motion tracking sensors and the latest advances in AI, SWORD Health’s core product, SWORD Phoenix, offers patients interactive physical rehabilitation exercises from the comfort of their own home,
Family-owned Kids Planet has received a further GBP6.5 million investment from BGF as it plans to double the number of nurseries within the group in the next five years.
Since BGF’s initial investment, the Greater Manchester-headquartered business has expanded from 17 to 23 sites across the North of England, including most recently in Preston, Stockport, Billinge and Swinton. Last year, it was awarded the top spot in the Nursery World Childcare League Table – a compilation of Ofsted ratings for the 20 largest nursery groups in Britain.
Kids Planet has a number of new sites already in the pipeline,
Chelverton Asset Management Limited (Chelverton), a specialist investor in sub-FTSE 100 quoted equities and unquoted SMEs, has completed its first transaction of 2018 with an additional investment in VeloVixen.
Having supported the company initially in 2016, Members of the Chelverton Investor Club – a syndicate of High Net Worth private investors – have committed a further six figure sum as the VeloVixen looks to build on its recent rapid growth, with the launch in 2018 of its first own-brand products, as well as a concerted focus on its increasingly significant export markets.
Oxfordshire-based Pedalling Forth Limited, T/A VeloVixen, which
Investcorp has acquired KSI Trading Corp (KSI), a supplier of aftermarket auto body parts in the US.
Financial terms of the transaction have not been disclosed.
Founded in 1984, KSI is an industry-leading distributor of quality replacement auto body parts servicing over 10,000 collision repair shop customers across 25 locations in 14 states. In addition to top quality products, KSI has succeeded in providing superior customer service, rapid order turnaround and competitive pricing over the last three decades. Headquartered in South Plainfield, New Jersey, KSI has over 600 employees across the US.
KSI will be led by Christopher
A company backed by Private equity firm Permira has agreed to acquire a majority stake in Exclusive Group, a specialist in value-added services and technologies (VAST) for cybersecurity and cloud migration, for an undisclosed value.
Selling equity holders include former majority owner Cobepa and Andera Partners (formerly Edmond de Rothschild Investment Partners).
The investment secures substantial new funding to fuel the next stage of the Company’s development. The Exclusive management team led by CEO Olivier Breittmayer will maintain a significant equity stake in the firm and continue to lead the company in their current roles.
Established in 2003 and
White Oak Global Advisors, on behalf of its institutional clients, has partnered with C2FO to offer new receivable financing options to C2FO’s extensive network of businesses throughout the US.
Established in 2008, C2FO is an industry leader in true dynamic discounting for businesses around the world. The C2FO “Name your rate” model lets businesses improve cash flow by offering their customers a discount they determine in exchange for early payment of invoices.
With the White Oak partnership, C2FO can provide businesses access to additional funding options when early payment is not available from out-of-network customers. In addition to this
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