Deals
Souter Investments, the family investment office of Sir Brian Souter, has sold its majority stake in Baywater Healthcare UK to Bastide Group, a specialist in the sale and rental of home medical equipment in France.
Baywater delivers oxygen-therapy, sleep apnoea therapy and non-invasive ventilation therapy services to patients in the home. It is the only independent company serving the UK market, alongside three major gas group subsidiaries.
Souter Investments backed the acquisition of Baywater, a Buy-In Management Buy-Out carve out of Air Products’ Homecare operations in the UK and Ireland, in November 2013. The deal was originated by Duke
Stage Capital (Stage), a private equity and real estate investor backed by funds managed by Goldman Sachs Asset Management and Glendower Capital, has sold STI Group to a consortium of private equity firms Mérieux Développement and GIMV.
STI Group is a fast-growing developer and manufacturer of plastic medical devices for the healthcare industry. Stage has sold its 92.5 per cent stake in the business, having transformed a diversified moulding company acquired in 2013 into a pure-play medical devices business which stage says is very well positioned to become a key player in the connected devices market.
This transformation, together
Tikehau Capital is backing Ring Capital, a venture capital firm founded by Geoffroy Bragadir and Nicolas Celier in 2017. Tikehau Capital has also acquired a 25 per cent stake in the company.
Ring Capital, which has also secured investment from AG2R La Mondiale, BPI France, Bred and Danone, is launching with an initial investment capacity of over EUR140 million. The fund will be investing in growth stage companies with the potential to become European tech leaders, working closely with entrepreneurs.
Ring Capital plans to acquire minority interests by investing between EUR1 million and EUR15 million either on its own or with co-investors and
Dutch investment firm Egeria is to acquire a majority interest in the textile wholesale company Nooteboom Textiles. The Nooteboom family will remain a significant shareholder in the company.
Financial details of the transaction, which is expected to be finalised in the coming weeks, have not been disclosed.
Founded in 1852, Nooteboom Textiles is a specialised wholesaler of women’s and children’s clothing fabrics and is the market leader in Europe.
Sander Nooteboom, head of the family business since 1994, says: “We have grown rapidly in recent years, both within the Netherlands and internationally. Thanks to Egeria’s participation, we can
Independent Growth Finance (IGF) has delivered a GBP250k factoring facility to Gabriels Care & Nursing Agency, a provider of care for the elderly, people with learning and physical disabilities, patients with dementia and those in need of palliative care.
In September 2016, Gabriels Care & Nursing Agency was appointed as a first-tier NHS care provider, which allowed the business to win new contracts and expand into providing residential care. As a result, cashflow at Gabriels Care & Nursing Agency was affected due to higher associated wage bills and increased agency hours. The business therefore sought a flexible financier to support
Blue Point Capital Partners has sold its interest in LineStar Services, to LineStar Integrity Services, a portfolio company of energy focused private equity firm, First Reserve.
LineStar was a portfolio company in Blue Point II, which is the Firm’s 2006 vintage middle-market buyout fund with commitments of USD400 million. Sale terms have not been disclosed.
LineStar, headquartered in Houston, Texas, provides a full suite of integrity, maintenance and construction services to owners and operators of oil and gas midstream infrastructure through its operating subsidiaries Tucker Construction and Tucker Midstream. The Company operates out of eight locations in Oklahoma and Texas, providing
Clearwater International UK experienced an exceptionally strong finish to 2017 having completed nine deals during the Christmas period with an aggregated deal value of GBP450 million.
The most active sectors were Industrials, and Consumer. The Industrials team successfully delivered over GBP60 million of finance for construction services and aggregates provider GRS Group, to support continued growth and its acquisition of S.Walsh Holdings Limited, which offers services to construction and civil engineering contractors. Other key Industrials transactions included advising on the sale of market leading tile specialist Domus, to Europe’s largest floor coverings distributor Headlam plc; also on the sale of
Energizer Holdings is to acquire Spectrum Brands’ (SPB) Global Battery and Portable Lighting Business (Spectrum Batteries) for USD2.0 billion in cash.
Anchored by the Varta and Rayovac brands, the portfolio has a longstanding history, global footprint and diversified range of products including alkaline, carbon zinc, hearing aid and nickel metal hydride rechargeable batteries as well as battery chargers and portable lighting products.
The combination will expand Energizer’s presence in a number of international markets, broaden Energizer’s product portfolio and manufacturing capabilities, and increase capacity for research and development. This will enable consumers to benefit from accelerated innovation and a
Customer generation business MVF has acquired US technology news brand Tech.co.
Founded in the US in 2006, Tech.co has transformed from a community-building ‘Tech Cocktail’ event to an influential media brand with millions of readers around the world. MVF presently operates a suite of global publishing sites, using expert articles and informative reviews to connect active customers with businesses all over the world. The purchase follows MVF’s acquisition of UK business site startups.co.uk in February 2017, and is part of the company’s ambitious growth plans as it aims to expand its global reach by acquiring high authority digital brands.
Seurat Technologies has closed a USD13.5 million Series A round of funding led by True Ventures. Additional investors include GM Ventures, Porsche SE, next47 on behalf of Siemens Power and Gas, and Maniv Mobility.
The funds will be used to accelerate the commercialisation of Seurat’s breakthrough metal additive manufacturing technology. Seurat previously raised USD3.41 million in a seed financing led by True Ventures in June 2016.
Seurat will bring to market an industrial metal printer with unparalleled speed and resolution. “We’ve been able to hit some significant milestones over the past few months,” says Erik Toomre, CEO of Seurat
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