Deals
Private equity firm NorthEdge Capital has backed the management buyout of Total Fitness, a Wilmslow-based health and fitness business.
NorthEdge has backed the management team, led by Chief Executive Richard Millman together with Warwick Ley and Brian Davidson of RooGreen Ventures, who alongside a partial realisation of their equity have reinvested in the business as part of the buyout. The transaction will see the existing management team receive significant new investment to support their next stage growth plans, which begin with the re-opening of the Total Fitness club in Wrexham in early April after a GBP1m+ refurbishment.
The transaction
Black Mountain Systems, a developer of data and process management solutions for asset managers and financial institutions, has completed a majority recapitalisation, led by existing management and funds managed by Stone Point Capital.
By combining Black Mountain's highly customisable Everest platform with Stone Point's relationships and expertise in financial services, Black Mountain is well positioned to advance its mission of bringing growth and innovation to investment professionals. Additionally, this transaction will enable Black Mountain to hasten its pace of expansion and allow its management team to deploy additional resources for a broader roll-out of its product- and service-based solution offerings.
Kinetics Energy Services has closed a private equity financing with Natural Gas Partners, through its affiliate, NGP Natural Resources XI (NGP).
Kinetics is focused on acquiring, integrating and growing North American energy services & equipment companies providing well completions and production enhancement.
Chaden Lassoued, Chief Executive Officer of Kinetics, previously spent two decades in key leadership roles with Schlumberger Limited, undertaking assignments in the Middle East, North America, Latin America, Europe, Africa and Asia. Most recently, Lassoued served as President of Well Intervention where he led more than 9,000 employees and had responsibility for approximately USD3 billion in global revenue.
Private equity firm Permira has selected iLEVEL to manage its portfolio data.
Established in 1985, the Permira funds have made over 200 private equity investments internationally, with total committed capital of approx. EUR25 billion. The Permira funds invest primarily in consumer, financial services, healthcare, industrials, and technology sectors.
“Given the complex nature of our funds’ investments, we needed a system that was both flexible and easy to manage,” says Jörg Rockenhäuser, Partner at Permira. “iLEVEL will enable us to centralize data across a diverse portfolio and maintain high levels of confidence in the numbers we use internally to drive decision making
GlassesUSA, the online retailer specialising in prescription eyewear, announced the closing of USD12.5 million in new financing led by Viola Private Equity, a member of the Viola Group.
The funding will further GlassesUSA's aggressive business growth and accelerate their expansion as a leading player in the growing global market of online eyewear, both B2C and B2B.
GlassesUSA was founded in 2009 by CEO Daniel Rothman, COO Eldad Rothman, and CTO Roy Yamner. Leveraging their vast experience in online branding, marketing and operations and backed by a team of 70 employees, GlassesUSA has built a global leading e-commerce company ranked for
Intesa Sanpaolo and GSO Capital Partners, the credit investment arm of Blackstone, are partnering to provide an alternative source of funding to Italian middle market businesses.
The partnership will significantly expand the availability of private debt capital in Italy, enabled by favourable recent changes in the Italian legal and regulatory framework.
The collaboration will have a focus on both existing corporate clients of Intesa Sanpaolo as well as the broader Italian middle market corporate universe. The private debt capital will be provided to sub-investment grade companies for a variety of purposes ranging from growth capital, acquisition financing, to opportunistic refinancings.
Novan Therapeutics has secured USD50 million in an oversubscribed private financing led by new investor Malin Corporation with strong participation from Novan’s existing private investors throughout the Research Triangle area of North Carolina.
The round closed 27 March, 2015 at USD50 million, including an August 2014 initial filing of USD10.3 million.
Neal Hunter, Novan’s Founding Investor and Chairman, says: “We believe the promise of Novan’s pipeline and our advancement toward commercialisation enabled us to attract strong participation in this round, leading us to close at twice the original target of USD25 million. The funds secured will support Novan’s efforts to
Claranet, the European managed services provider, has signed a refinancing agreement, securing a long-term facility for the company.
Goldman Sachs’ Private Capital Team has joined Claranet’s existing and well-established finance providers RBS, ABRY Partners and Ares Management’s European Direct Lending Team for the first time in a move that reflects the strengthening performance of the privately owned company in the B2B technology space.
Commenting on the new agreement, Charles Nasser, Claranet Group founder and CEO, says: “Our new arrangements reflect the strength of Claranet and the confidence of our funders as we continue to expand both organically and through acquisition
Aberdeen Asset Management is to purchase SVG Capital plc’s stake in their joint venture vehicle, Aberdeen SVG Private Equity Managers Limited (Aberdeen SVG Private Equity) for GBP29 million.
In May 2013, Aberdeen acquired a 50.1% stake in Aberdeen SVG Private Equity from SVG Capital plc with the option of acquiring the remaining 49.9% stake.
The transaction is part of Aberdeen’s strategy to consolidate and strengthen further its alternatives platform which provides multi-manager coverage of hedge funds, property and private equity allocations, infrastructure investments and Pan-Alternative capabilities.
The majority of the Aberdeen SVG Private Equity team will be fully
The Consumer sector team at Livingstone has advised JacTravel, a leading B2B hotel accommodation wholesaler and provider of inbound travel services, on the acquisition of TotalStay Group.
The transaction was supported by Vitruvian Partners, JacTravel’s existing institutional shareholder.
The enlarged group will benefit from greater scale in the accommodation market, achieving an annual combined turnover significantly in excess of £360 million, and direct contractual relationships with over 14,000 independent and chain hotel partners in 800 cities globally. Greater scale is expected to accelerate growth in both companies, which have been growing at around 20% per annum in recent years.
Terry
Events
12 November, 2026 – 8:00 am
12 November, 2026 – 5:00 pm
