Deals
Roynat Equity Partners has sold internet access business NetSet to Xplornet Communications (Xplornet). Based in Brandon, Manitoba, NetSet provides next generation broadband services throughout the province of Manitoba.
Xplornet will maintain the NetSet Communications trade name and will retain virtually all of NetSet’s employees and business operations in both Brandon and Winnipeg.
Roynat Equity Partners has been a shareholder of NetSet since 2014, providing value-added capital to help the company rapidly grow its geographic footprint and subscriber base throughout the province.
Rosewood Private Investments (RPI) has acquired a majority equity in ProTec Laboratory (ProTec), a provider of contract manufacturing services to consumer brands in the dietary supplements, sports nutrition, functional foods, and pet care products industries.
The investment in ProTec represents the third within RPI’s holding company, International Nutrition & Wellness Holdings (INW Holdings), and the second this year under INW Holdings CEO Paul Richardson. In July, INW acquired Irving, Texas-based contract manufacturer, Healthy Natural, Inc. (Healthy Natural), from Rice-Bran Technologies. INW also holds an ownership stake in United I International Laboratories (“United I”), a Carrollton, Texas-based manufacturer of dietary supplements, sports nutrition and personal care products. Together the companies offer an array of manufacturing capabilities and serve
Vestar Capital Partners (Vestar) is to acquire to acquire Nonni’s Food Group (Nonni’s), a manufacturer of artisanal biscuits and other baked snacks from Wind Point Partners.
Terms of the transaction, which is expected to close in the fourth quarter of 2017, have not been disclosed.
Nonni’s products are marketed under the Nonni’s, THINaddictives, and La Dolce Vita brand names, and sold through a diverse distribution platform that includes major customers in club, grocery, mass market, foodservice, and online retailing.
“Our partnership with Wind Point has been extraordinarily successful and we thank them for their support and contributions to
The BOW Group has closed its series B funding round led by PM Equity Partner (PMEP). NextStage, an investment company listed on the Euronext Paris regulated exchange, also participated.
BOW (Be Over the World) Group is a consumer-driven Internet-of-Things (IOT) specialist, operating worldwide in the wearables, connected vehicles and smart home markets with three distinct brands MyKronoz, RoadEyes and Deconnect.
“This new round of funding will enable us to expand our international presence to 100 countries by 2018 and to consolidate our leadership position in Europe while accelerating the development of innovative products and services within the IOT space.
Ecological Service Partners (ESP) has secured a USD250 million equity commitment from its financial partners. The new financing will support ESP’s activities in large-scale ecological restoration of damaged wetlands, streams and habitats for endangered species, as well as in enhancing water quality for offsets to nutrient impacts.
With USD250 million of committed equity capital, ESP is now one of the best capitalised operators in the ecological service market, enabling ESP to restore thousands of acres of wetlands and hundreds of miles of impacted streams. ESP will also opportunistically pursue strategic acquisitions in the US.
ESP founders, Jud Hill and
NTT Communications Corporation (NTT Com), the ICT solutions and international communications business within the NTT Group (TOKYO:9432) is to acquire Secure-24 Intermediate Holdings (Secure-24), a US-based managed services provider from private equity firm Pamlico Capital.
Secure-24 specialises in delivering effective, comprehensive managed services that leverage proprietary, highly automated operation tools. Its clients represent Fortune 1000 companies in sectors including manufacturing, finance, pharmaceuticals, healthcare, insurance, government, transportation and more.
NTT Com will leverage Secure-24’s extensive portfolio of managed application and database services, including SAP, SAP HANA, Oracle, Hyperion, JD Edwards, Microsoft, Epic, custom, industry and other mission-critical applications.
“This
Roomi, a peer-to-peer marketplace providing a safe, easy way to search for shared housing, has raised USD11 million in Series A funding, with Atami Capital leading the round, bringing their total funding to USD17 million.
Brain Epp, Head of Direct Investments at Atami Capital, says: “We decided to invest in Roomi because shared housing is a growing global trend and is becoming a lifestyle choice for Generation Z and Millennials. We believe Roomi is the clear market leader in peer-to-peer shared housing in NYC and we intend to support Roomi expand further in the US and globally.”
Roomi officially
Political uncertainty has suppressed deal volume and value almost everywhere, except in China, according to the Q4 edition of BDO’s global mid-market M&A review, Horizons.
Nevertheless says BDO, the steep downtrend of Q1 2017 having been broken and with record amounts of dry powder in private equity offers, firms around the world will aggressively seek quality assets in 2018.
In Europe, Q3 2017 was a challenging quarter as both volumes and deal value fell: however, the United Kingdom & Ireland were one of the very few to record a strong performance in terms of both deal volume and value,
Edwin James Holdings Limited (EJH), a provider of technical services to public and private sector clients, is planning the bolt-on acquisition of Midlands-based Peterborough Electrical & Mechanical Engineering (PEME).
PEME is an outsourced reliability maintenance services company that provides total managed solutions for electrical and mechanical plant and asset maintenance to large UK and European manufacturers. The value of the transaction has not been disclosed.
EJH, which is headquartered in Tannochside near Glasgow, was backed by Aliter Capital I (Aliter) in January 2017 and acts as the holding company for Aliter’s investments in the technical support services sector. In making
Tengram Capital Partners is to acquire luxury skincare brand RéVive from Shiseido Americas Corporation.
Under the terms of the agreement, Tengram will run the company as an independent and stand-alone entity based in New York City. Closing is expected to be completed by the end of November.
“We are delighted to add RéVive to our strong and growing portfolio of beauty brands,” says Richard Gersten, a Partner at Tengram Capital. “As an investor in consumer brands with a deep knowledge in beauty, I have watched RéVive for a long time. We believe it is a gem; thanks to Founder
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