Deals
Align Capital Partners (ACP) has completed the majority recapitalisation of fire and life safety company International Systems of America (ISA) from Gen Cap America (Gen Cap).
This was ACP’s fifth platform company investment since the firm’s first fund closed in September 2016.
Headquartered in Louisville, Kentucky, ISA is a leading provider of fire and life safety services and parts for national, regional and local customers. The Company serves as the complete fire/security partner for its customers through decades-long relationships with major manufacturers, servicing and supplying both new and legacy systems, including a differentiated inventory of certified parts that keeps
Swarm64, provider of the scalable data accelerator (SDA) which enables relational databases to perform real-time big data analytics, has secured USD12.5 million in a Series B funding round led by by Intel Capital and Investinor. Alliance Venture and Target Partners also participated in the round.
“We are very glad to welcome Intel Capital as a new investor. The cooperation with Intel will help us serve a global market with the most advanced technology,” says Karsten Rönner, CEO of Swarm64. “Many industries face an explosion in their data processing needs, be it from growing numbers of connected ‘things’, expanding business models
Tractel, a specialist provider of working-at-heights and safety products and solutions, is to acquire Scanclimber Oy, the Finnish-headquartered provider of mast climbing work platforms (MCWP), for an undisclosed fee.
Scanclimber supplies rack and pinion vertical access products to more than 250 clients, in Europe, North America and Asia. It has 225 employees, operates a well-invested production facility in Poland, and sells its products through a network of distributors and sales agents globally. Industry forecasts expect MCWP products to be used increasingly as an alternative to traditional scaffolding as construction methods increasingly take into account workers’ health and safety. Scanclimber is
The last couple of years have been a period of recovery for the EU. Since Q2 2016, GDP growth has been on an upward trajectory, having risen by 2.3 per cent year-on-year, according to Eurostat. That is even stronger than the US, which, by comparison, grew by 2.2 per cent.
A rising tide lifts all boats and in that respect, Italy has seen rising valuations and multiples, but it is fair to say that the country is still slightly lagging behind its EU neighbours including Germany and France.
Not that this is a bad thing. Indeed, for private equity
Cavendish Corporate Finance has advised on the sale of Tempcover Limited, a UK-based provider of direct to consumer, short-term motor insurance products to Connection Capital (Connection).
Founded in 2006 by Alan Inskip, CEO, Tempcover’s multi-carrier insurance offering enables customers to buy temporary motor insurance directly from the company’s website and select partners. Recently, the company has successfully launched additional temporary cover products to meet its growing customer base’s requirements.
Alan Inskip, CEO of Tempcover, says: “This new partnership is a very exciting opportunity for Tempcover to both consolidate its existing position and provide a platform for further growth into
Thompson Street Capital Partners (TSCP), a private equity firm based in St Louis, has partnered with existing management to recapitalise Gurobi Optimization (Gurobi) a Houston-based software provider.
Shea & Company served as the exclusive financial advisor to Gurobi. Terms of the transaction have not been disclosed.
Gurobi has developed a suite of optimisation products that fully exploit the latest mathematical, engineering and computing technologies to deliver industry-leading performance and robustness. The Company’s software libraries enable 1,500 companies in more than 40 industries to employ mathematical programming to build sophisticated decision support systems that can generate and evaluate a vast array of
BNY Mellon Investment Management has completed the sale of investment boutique CenterSquare Investment Management to the private equity firm Lovell Minnick Partners and CenterSquare’s management team.
Originally announced on 20 September, 2017, the terms of the transaction have not been disclosed.
Todd Briddell, CEO and CIO of CenterSquare Investment Management, says: “We are excited about the next phase of CenterSquare’s evolution, as we continue to bring premier real estate and infrastructure strategies to the market while investing in the development and growth of our company. Lovell Minnick shares our vision for the future of CenterSquare and we are delighted to partner
A total of 106 companies floated on the London Stock Exchange’s markets in 2017, raising GBP15 billion, an increase of 63 per cent by number of IPOs and up 164 per cent by value of IPOs compared to 2016.
London Stock Exchange has surpassed all European exchanges this year by number of IPOs and money raised, ranking second globally by money raised.
London’s IPOs have become even more international in 2017, with nine of the top ten IPOs by size coming from outside of the UK. Twenty North American companies chose London for their listing, with the UK markets remaining
Activist hedge fund Cevian Capital has agreed to sell its entire shareholding in AB Volvo (Volvo) to Zhejiang Geely Holding Group (Geely Holding), subject to regulatory approval.
The acquisition comprises 88.47 million A-shares and 78.77 million B-shares, corresponding to 8.2 per cent of the capital and 15.6 per cent of the votes, which represents the largest ownership in AB Volvo by capital and the second largest by votes.
Nomura International Plc and Barclays Capital Securities Limited will acquire Cevian Capital’s shares in AB Volvo and then ell the shares to Geely Holding/
Cevian Capital’s co-founder, Christer Gardell (pictured), says: “Today’s announcement
ENGIE, France’s market leader in on-shore wind and solar power plants with 2.6 GW installed at the end of 2017, and Crédit Agricole Assurances, France’s leading insurance company, have just signed a new agreement allowing their joint venture, FEIH (Futures Energies Investissements Holding), to acquire nearly 500 MW of on-shore wind and solar power plants by the end of 2018. These renewable power plants have been developed and built by ENGIE.
Created in 2013 with a first acquisition of 440 MW on-shore wind farms, the joint venture FEIH held by ENGIE and Crédit Agricole Assurances will now operate more than
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12 November, 2026 – 8:00 am
12 November, 2026 – 5:00 pm
