Deals
Bowmark Capital, a mid-market private equity firm, is backing the buy-out of ASK4 Limited, a fast-growing internet solutions provider.
Founded in Sheffield in 2000 by its chief executive, Jonathan Burrows, ASK4 partners with universities, private sector student accommodation providers, residential apartment developers and businesses, to provide high speed internet solutions and managed data services for multi-tenant accommodation.
ASK4 currently services 160,000 customers in more than 400 sites in the UK and Europe. The business has grown strongly due to its highly differentiated proposition, focus on customer service, and the increasing levels of investment in multi-tenant accommodation.
Bowmark is
Funds managed by private equity firm Stone Point Capital (Stone Point) are to buy a majority interest in Genex Services (Genex), a provider of cost containment services to the workers’ compensation, disability and auto industries, from funds advised by Apax Partners.
The transaction is expected to close in the first quarter of 2018.
Founded in 1978, Genex helped introduce the medical management concept and has become one of the largest and most experienced medical cost containment and disability management providers today. Genex offers a broad continuum of services including utilization management, case management, bill review, independent medical examinations, Medicare
Law firm Paul Hastings has advised Madison Energy, a division of Chicago-based Madison Industries, on the acquisition of the Centek Group.
UK-headquartered Centek Group specialises in the development of engineering solutions for the world’s toughest casing running environments and is a world leading designer and manufacturer of centralisers, primarily for the oil and gas industry.
The Paul Hastings team was led by corporate partner Ronan O’Sullivan in London alongside partners Arun Birla (tax), Suzanne Horne (employment) and Richard Kitchen (finance) in London; Madison Industries relationship partners Brian Richards and Ziemowit Smulkowski in Chicago; global environmental and energy partner Lisa
EOS Investment Management (EOS IM) has acquired Eurofiere, a specialist in the design and creation of exhibition stands and temporary stores & shops, showroom and interior designs.
The main goal of the acquisition is for EOS IM to support the company’s expansion plans in Italy and internationally.
Founded in 1961 Eurofiere has a strong market presence, with an international client base of many famous name brands; among its top clients are Versace, Oakley, Fendi, Fiat and Yamaha Marine. It develops projects of communication, brand image and brand enhancement in partnership with these clients. In 2017, the turnover of the
Diligent Corporation has secured a strategic minority investment from Clearlake Capital Group. Insight Venture Partners acquired Diligent in February 2016.
As a leader in the EGM software industry, Diligent is committed to providing the broadest platform for facilitating secure collaboration, communication and meeting management for boards, committees and leadership teams. Diligent’s multi-tenant SaaS platform provides directors with a single application to securely and reliably access, edit and share materials while satisfying security and compliance requirements. Taking its service offerings to the next level, yesterday Diligent introduced Governance Cloud – the only integrated and secure enterprise governance management solution that enables
Physical Therapy Management (Alliance PT), an affiliate of GPB Capital and Alliance Physical Therapy Partners, is to acquire the US operations of Agility Health.
The transaction, which is expected to close in February 2018 and is subject to customary closing conditions and certain regulatory approvals, would add, among other things, more freestanding outpatient physical therapy clinics, a contracted therapy business, and proprietary clinic management software (AgileRPM), to Alliance PT’s portfolio.
The agreement stipulates that Alliance PT will acquire 100 per cent of the membership interests in Agility Health, LLC, the Grand Rapids, Michigan-based US operations of Agility Health, for
Ironwood Capital has exited its investment in Elite One Source Nutritional Services (Elite One) through a sale to DCC Health and Beauty Solutions (DCC). Ironwood partnered with private equity firm Ampersand Capital Partners in acquiring Elite One in late 2014.
Elite One has earned a reputation for producing the finest quality tablet and capsule nutritional supplements. Its expertise in producing effective nutritional supplements, combined with its unwavering commitment to excellence has made Elite One one of the industry’s fastest growing supplement manufacturers.
“We’re pleased that our confidence in Elite One’s potential has been validated by the DCC purchase,” says
NextWave Ventures, a venture-capital firm specialising in the commercialisation of early-stage technologies, today formed Apical Technology, a portfolio of artificial intelligence (AI) technologies.
Advanced by Ron St Onge and Jim St Onge, Apical is the result of nearly 20 years of research in optimising AI-based solutions to non-linear systems. With significant real-world predictive results in market behaviour, NextWave Ventures identified an initial opportunity to use the Apical AI-based software platform for equities trading. Apical’s strategies utilise AI and machine learning to generate superior risk-adjusted returns that are non-correlated to both major asset classes and other hedge fund strategies.
“Apical
Tech company Spark EV is driving business development of its artificial intelligence-based journey prediction system for electric vehicles (EV) with a GBP50,000 investment from New Anglia Capital as part of its seed investment round.
The company, which recently expanded into new premises at Lanwades Business Park near Newmarket in Suffolk, will use the investment to expand business development. This includes adding a trade manager to support overseas sales, particularly in Scandinavia, where it is already receiving strong interest.
Launched in 2017, Spark EV analyses live driver, vehicle and other data sources, such as the weather and congestion, using its
Property Brands, a provider of property management technology solutions, has secured an investment from Insight Venture Partners, a New York-based venture capital and private equity firm.
Providence Strategic Growth, Property Brands’ previous lead investor, will retain a minority investment partnership going forward.
Headquartered in Knoxville, Tennessee, Property Brands provides software for property management, rent payment processing, background screening, and renters insurance. Property Brands is helmed by an executive team of proven entrepreneurs who have successfully built market leading SaaS companies.
“We couldn’t be more excited about this next phase of growth and innovation for our business,” says Lisa Stinnett,
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