Deals
Private investment firm Littlejohn & Co has agreed to sell Newgistics, a provider of technology-enabled parcel logistics to the e-commerce and direct-to-consumer retail industry, to Pitney Bowes (PBI) for approximately USD475 million.
Since being acquired by Littlejohn in 2013, Newgistics has undergone a period of tremendous growth, including: greater than 50 per cent increases in both revenue and EBITDA; substantial investments in software development, new product launches, automation and overall expansion of the network; developing international capabilities, now the Company’s fastest growing segment of business; successfully implementing management succession plan and making key hires in marketing and fulfilment; and fully
Global alternative asset manager The Carlyle Group (NASDAQ:CG) is to acquire French insurance software vendor Prima Solutions, in partnership with its management team.
The transaction is expected to close on 30 September, 2017, subject to approval from the relevant authorities. Carlyle Europe Technology Partners III, a EUR657 million Carlyle fund focused on European technology, media and telecommunications (TMT) companies, will make the investment. Financial terms are not disclosed.
Prima Solutions is a French software vendor that designs, develops and markets software exclusively for insurance providers. Founded in 2000 by Hugues Delannoy, co-founder of the Assurland.com insurance comparison website, Prima
Global performance improvement solutions provider GP Strategies Corporation has acquired certain assets and the business of CLS Performance Solutions Limited (CLS), an independent provider of Enterprise Resource Planning (ERP) end user adoption and training services in the United Kingdom.
CLS will operate as part of GP Strategies’ Performance Readiness Solutions group effective September 1, 2017. This acquisition will extend GP Strategies’ ability to deliver ERP systems training and user adoption services in the United Kingdom and throughout Europe.
Deborah Ung, Executive Vice President of GP Strategies’ Performance Readiness Solutions group, says: “We have a long history of partnering with CLS
Funds managed by Foresight Group have provided a GBP40 million secured loan note facility for Reward Finance Group Limited.
Leeds headquartered Reward is an independent lender which provides secured loans to UK-based SMEs seeking more flexible finance, more promptly than mainstream lenders can deliver. Reward’s bespoke funding solutions take multiple assets as security, enabling the Company to provide short to medium term loans or invoice discounting facilities to support companies in a variety of different situations.
Founded in 2011 by the joint managing directors Tom Flannery and David Jones, Reward has delivered year on year growth in its loan
UK mid-market private equity firm LDC has backed multi-disciplinary engineering consultancy Patrick Parsons with a multi-million-pound development capital investment to support the firm’s UK expansion strategy together with the acquisition of infrastructure engineering specialist THDA.
Headquartered in Newcastle, Patrick Parsons has more than 250 specialist engineers and provides design services across civil, structural, geo-environmental and M&E disciplines to blue-chip clients in the residential, commercial and infrastructure sectors.
Some of the firm’s most notable projects include consulting on restoration works at Durham Cathedral and developing the world’s first modular flat packed white water course in Glasgow.
Under the leadership
Mooreland Partners, a provider of M&A and private capital advisory services to the global technology industry, has acted as the exclusive financial advisor to OptoFidelity, an automated test technology provider for smart devices, on its sale to Changyuan Group.
OptoFidelity Oy, based in Tampere, Finland, is a provider of innovative test and production solutions for mobile devices, sensors and electronics used in smart devices. The company is a supplier for a growing number of industry-leading consumer device OEMs.
“Mooreland is pleased to have facilitated another ground-breaking M&A transaction in the automated test technology space,” says Peter Globokar, Managing Director,
NOW Money has closed its bridge funding round with a total of USD1.46 million in commitments.
In addition to a recent US Venture Capital investment, this funding round includes USD700,000 from Dubai-based Venture Capital firm, Myrisoph Capital. Other contributions have come from private investors and MENA-based women’s investor network WAIN.
Myrisoph Capital focuses on investments into SMEs that want expert advice and mentorship to take their business to the next level. It invests specifically within the team’s core skill-set and expertise, and in territories they know well, ensuring they can provide the best support possible.
WAIN is the
Private equity firm Activa Capital’s portfolio company Mecadaq, a provider of high precision manufacturing for the aerospace industry, has acquired Armoa, a specialist in high precision machining.
The acquisition takes place 18 months after the creation by Activa Capital of a consolidation platform in aerospace subcontracting. This is the second significant build-up for Mecadaq, which already generates revenues of EUR32 million in aeronautic subcontracting, primarily in the area of machining of aero structure parts for civil aircraft. Financed with bank debt and additional capital provided by Activa Capital and Mecadaq’s management, the acquisition will increase the group’s revenues to over
AMAL Therapeutics (AMAL), a Swiss biotech developing peptide-based therapeutic cancer vaccines, has completed the first tranche of its Series B financing round, raising EUR8 million (CHF8.8 million).
The Company will use the funds to progress its lead vaccine (ATP128) towards clinical studies and proof-of-concept in colorectal cancer. It will also further develop its proprietary therapeutic tumour vaccination technology platform called KISIMA.
Boehringer Ingelheim Venture Fund (BIVF), BioMedPartners and Helsinn Investment Fund are cornerstone investors, with VI Partners, High-Tech Gründerfonds and Schroder Adveq also participating.
AMAL is Schroder Adveq’s first investment in Life Sciences in Switzerland. It is also
McCarthy Denning has advised Rockpool Acquisitions (Rockpool) in relation to its admission to the Standard Listing segment of the main market of the London Stock Exchange and a related fundraising. Gross proceeds of GBP1,085,000 were raised through the fundraising.
Rockpool is a Special Purpose Acquisition Company (“SPAC”) founded in Northern Ireland and formed to undertake the acquisition of a business based there. Specifically, Rockpool is looking to acquire a highly ambitious, Northern Ireland-based company, with a valuation of up to GBP20 million, to provide that company with access to the deeper pools of capital that the public markets provide.
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