Deals
Private equity firm Genstar Capital has completed the acquisition of US-based Pretium Packaging from Castle Harlan.
Pretium manufactures rigid plastic containers and closures that require significant technical expertise and proprietary tooling to manufacture.
Pretium uses its national manufacturing footprint, design and engineering capabilities to provide customised solutions to its customers in the food and specialty beverage, private label, pharmaceutical, personal care and household and industrial sectors.
The company sells its products to a diversified customer base ranging from Fortune 500 companies to smaller privately-owned businesses.
David Golde, who leads Genstar's packaging-related investing efforts, says: "Our investment in
Thomas Hirschberger, founder of Munich-based restaurant and bar chain Sausalitos, and EQT Expansion Capital II Limited have agreed to sell the Sausalitos Group to Ergon Capital Partners III.
The transaction is currently awaiting approval from the German competition authorities and is expected to complete in July 2014.
A team from CMS Hasche Sigle headed by lead partner Dr Oliver C Wolfgramm advised Thomas Hirschberger on all legal aspects of the sale. This included structuring and negotiating a reinvestment by Thomas Hirschberger in the Ergon Capital Partners acquisition vehicle.
Founded in 1994, Sausalitos is a casual gastro pub chain
European private equity firm Cinven is is to sell in-vitro diagnostics protein testing business Sebia to a consortium led by Montagu Private Equity and Astorg Partners for an undisclosed figure.
The transaction will generate a 2.4x return on Cinven's original investment.
During Cinven’s ownership and under chief executive Benoit Adelus' team leadership Sebia has expanded its operations into the US and emerging markets resulting in significant revenue increase comprising 21 per cent and 23 per cent of total revenue respectively at the end of LTM April 2014.
The company also launched major products such as a diabetes test
Venture capital firm Osprey Capital is making an investment into GovToday, the public sector media platform.
Having raised over GBP700,000 last year, including an initial round of investment from Osprey and a grant from the North West Fund for Digital & Creative, the latest fundraising has seen a small group of investors commit a further GBP500,000.
Along with Osprey, a significant proportion of this funding has come from the Greater Manchester Loan Fund, managed by Maven Capital Partners.
GovToday, which incorporates an online portal engaging with the public, private and third sectors as well as a programme of
Private equity firm NorthEdge Capital has committed to invest in Utiligroup, a Lancashire-based data management software and services company, pending approval from parent company Bglobal’s shareholders.
Founded in 1997, the business, located in Chorley, provides data management software and services to the energy sector. Utiligroup has helped a total of 15 new businesses enter the energy market during the last four years and supplies software and services to 29 of the active UK energy suppliers, including OVO Energy and Co-Operative Energy.
Following a strategic review, Matthew Hirst, Utiligroup chief executive, and Andrew Green, chief operating officer, are leading the
Mid-market private equity house LDC has agreed to back the GBP45 million management buyout (MBO) of Anite Travel Limited.
Anite Travel specialises in providing reservation systems to tour operators such as TUI and Thomas Cook.
Anite plc’s stated strategy is to focus on developing its leading position in wireless test solutions, leading to the decision to solicit offers for Anite Travel. Anite plc’s board chose LDC as the most appropriate backer for the MBO of Anite Travel as a result of LDC’s commitment to continue to invest and develop Anite Travel for the benefits of its customers, employees and
Energy-focused private equity firm First Reserve’s Fund XIII has entered into a strategic cooperation with Hainan Zhenghe Industrial Group.
The parties plan to pursue oil and gas investment opportunities in China and Central Asia.
In addition, Zhenghe will act as a potential source of capital in support of First Reserve's participation in North American oil and gas upstream projects and will invest as a limited partner in First Reserve Fund XIII.
Zhenghe is a publicly listed company in China and focused on oil and gas exploration and production operations.
Financial terms of the agreement were not disclosed.
HighWire Press, a technology service provider to scholarly publishers and an auxiliary unit of Stanford University Libraries, has received a significant equity investment from private equity firm Accel-KKR.
The new partnership enables HighWire to further its investment in strategic initiatives and digital innovations in internet-based publishing.
The investment from Accel-KKR will enable HighWire Press to operate as a standalone enterprise. Accel-KKR will own a majority interest of the company and Stanford University will maintain a significant minority stake. Michael A. Keller, university librarian at Stanford, will serve as the Stanford representative on the HighWire Press board of directors.
Metric Capital Partners (MCP), the European private capital group, has invested in HTI High Tech Industries.
HTI Group, listed on the mid-market segment of the Vienna Stock Exchange and headquartered in St Marien, Upper Austria, is an international technological manufacturing group specialised in lightweight components in the fields of aluminium pressure die casting and plastic injection moulding.
HTI Group is active at four locations in Austria and Slovakia and has close project partnerships and established business relations with customers across Europe.
MCP’s investment supports the recapitalisation of HTI Group, which was achieved in close cooperation with its existing financing partners
Touch technology specialist Qeexo has closed its Series A funding round with USD2.3 million, led by Sierra Ventures.
Qeexo will use the funding to accelerate market adoption of FingerSense, the company's mobile software which distinguishes between touchscreen input from a fingertip, knuckle, nail or stylus.
"OEMs are always looking for software innovation that will radically improve the way devices are used, while adding power and simplicity simultaneously," says Sang Won Lee, Qeexo co-founder and CEO. "The current state of touch technology is not the pinnacle of the touchscreen experience. Multi-touch has been around since 2007 and we're elevating the
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