Deals
Integrated DNA Technologies (IDT) has secured a minority investment by growth equity investor Summit Partners.
IDT’s founder Dr Joseph Walder will remain the company’s majority owner.
Additional terms of the investment have not been disclosed.
IDT is the world’s largest manufacturer of custom nucleic acid products. The company supplies scientists with synthetic DNA and RNA sequences, serving the academic research, biotechnology, clinical diagnostics, and pharmaceutical sectors.
“Our success is based on the highest quality custom biology products, delivered quickly, and a significant investment in research and development,” says Dr Walder. “My team and I have gotten to
Goldman Sachs and Vestar Capital Partners are to acquire Hearthside Food Solutions, the largest independent bakery and contract food manufacturer in North America, from Wind Point Partners.
Terms of the transaction, which is expected to close in the second quarter of 2014, have not been disclosed. Goldman Sachs and Vestar will own equal stakes in the company.
Hearthside Food Solutions is the US’s largest independent bakery and a full-service contract manufacturer of grain-based food and snack products. Hearthside offers a product portfolio focused on four main platform categories – bars, cookies/crackers, granola/cereals, and snacks. The company manufactures more than
Private equity investment firm Zoyi Capital has invested in Pink Mary, a manufacturer and distributor of high-end women’s fashion in China.
The investment represents the first deal for Zoyi Capital’s Fund I and will see the firm take a controlling interest in Pink Mary with the company’s founders retaining significant stake.
“Zoyi Capotal has identified strong momentum in the high-end segment of the lady apparel market in China and we believe Pink Mary is uniquely positioned in terms of design and style to capture this growth,” says Andrew Kuo, founding partner and CEO of Zoyi Capital.
Invenias, a provider of software solutions to the executive search and recruitment sector, has completed a follow-on funding round led by MMC Ventures, bringing the total raised in this round to USD2m.
In addition, Mark Farmer, the UK tech veteran who co-founded Cramer and Eden Ventures, joins the company as chairman and continues to invest privately in the business.
Invenias has recently been listed in the British Venture Capital Association’s ‘Britain's Hot Talent’ – the 100 most inventive, exciting and fastest-growing companies in the UK today.
This investment follows a previous MMC Ventures-led USD1.5m funding round in July
Private equity firm Roark Capital Group has acquired Central Jersey Waste and Recycling and its sister entities, Premier Food Waste Recycling and Central Repairs (collectively CJW).
CJW is a provider of waste and recycling services to the New Jersey and Pennsylvania markets.
Headquartered in Ewing, New Jersey, CJW provides non-hazardous solid waste collection, hauling and processing services to nearly 30 municipalities and approximately 1,000 commercial customers. The company also collects and transports organic and food waste products for commercial and residential customers.
Roark formed Synergy to serve as a growth platform with the goal of building a scalable
Private equity firm Thoma Bravo is to acquire TravelClick, a provider of revenue generating cloud-based solutions for the USD500bn global hospitality industry.
Thoma Bravo has agreed to acquire TravelClick from Genstar Capital for USD930m. The transaction is expected to close in the second quarter of 2014.
“The acquisition of TravelClick is consistent with Thoma Bravo’s strategy of investing in market leading companies with significant recurring revenue streams,” says Holden Spaht, managing partner at Thoma Bravo. “Larry Kutscher and his team have established an impressive track record of growing TravelClick rapidly and expanding the company’s services to its customers. We
An affiliate of Austin, Texas-based Peak Rock Capital has acquired the industrial products division of RJF International Corporation, creating ProFusion Industries.
Based in Marietta, Ohio, ProFusion Industries has established a long-standing customer base of Fortune 1,000 companies through manufacturing capabilities that provide engineered solutions under a wide range of demanding environments and conditions.
In particular, the company's product portfolio includes transit matting, protective linings, custom design specialty film products and various printing services.
Anthony DiSimone, CEO of Peak Rock Capital, says: "We are pleased to support ProFusion Industries and its employees in building a leading manufacturer and distributor
European-based Ipes and US-based Standish, providers of fund services to managers of private equity, venture capital, real estate and fund of funds, have formed a partnership.
Under the partnership, Standish and Ipes will work together to share their specialised private equity knowledge, experience and contacts in their respective US and European markets.
As a result, both firms and their clients will benefit from enhanced cross-jurisdictional capabilities and access to a transatlantic network.
Standish’s clients will be able to gain access to Ipes’ corporate services and European regulatory expertise.
The new alliance gives US-based fund managers access to
Ogier, along with DLA Piper as lead counsel, has advised online fashion retailer Boohoo.com on its corporate reorganisation and subsequent AIM listing on 14 March.
Boohoo raised GBP300m through its initial public offering and had a market capitalisation of GBP560m at the placing price.
Boohoo is one of the UK's largest pure-play online own brand fashion retailers which provides fashion to customers in over 100 countries worldwide. The company plans to extend its reach into existing and new territories including the US, Central Europe and Scandinavia. The funds raised in the AIM listing will help the company accelerate the
Global institutional trading network Liquidnet is planning to enter the fixed income market with its acquisition of bond trading platform Vega-Chi.
The partnership, subject to regulatory approval, will combine Liquidnet’s experience, scale and global reach within the institutional investment community with Vega-Chi’s corporate bond trading platform and sector expertise to accelerate efficiencies within the corporate bond market.
“There has been a massive increase in corporate bond issuance and at the same time a depletion of capital that dealers can use to facilitate trading. The result has been increasing difficulty among investment managers and dealers in accessing liquidity. To fix
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