Deals
Mid-market private equity specialist Graphite Capital has backed the management buy-out of City & County Healthcare Group (C&C), the UK’s fourth largest home care provider, from Sovereign Capital Partners.
This is the first investment made from Graphite’s new GBP500m fund, Graphite Capital Partners VIII, which closed in October.
C&C provides high quality home care assistance, primarily for the elderly. It also provides specialist care services for young people and adults with more complex or long term conditions such as learning disabilities, mental health needs and brain injuries. Operating from 64 branches across England, Wales and Northern Ireland, C&C’s carers
Private equity provider LDC has completed its exit from Leasedrive, the UK’s largest independent privately-owned vehicle management group.
Following the exit, LDC has subsequently re-invested in Leasedrive, retaining an interest in the business as part of a new deal with HgCapital, which has acquired a controlling stake.
LDC originally invested in Leasedrive in August 2008.
Headquartered in Wokingham, Leasedrive Group was established in 1983, a BIMBO transaction was completed in May 2003 and Leasedrive was merged with Velo in 2007, to form one of the largest independent privately-owned vehicle management groups in the UK. The business provides a
Nautic Partners has partnered with management to acquire QoL meds, a specialty pharmacy serving the mental health community.
QoL was founded in 2000 and is headquartered in Pittsburgh, Pennsylvania.
QoL operates specialty pharmacies across the country and dispenses over two million prescriptions and serves over 50,000 patients annually. QoL partners with mental health centres to integrate on-site pharmacy services in the delivery of care.
In addition to medication dispensing, QoL offers medication assistance and monitoring, outcomes and adherence reporting, customised packaging, patient education, assistance with reimbursement and clinical coordination, and 340b services. Over the last five years, QoL
Ardian and F2i have acquired an additional 14.8 per cent of the share capital of Enel Rete Gas for EUR122.4m from Enel Distribuzione.
Ardian and F2i previously owned 85.1 per cent of the company. The closing of the transaction is expected by the end of 2013.
Enel Rete Gas is the second largest distributer of natural gas in Italy with a market share of 17 per cent and more than 3.8 million users connected to its network. In 2012, Enel Rete Gas distributed approximately 5.8 billion cubic meters of gas to 2,000 cities.
The framework agreement, signed between
An affiliate of Resilience Capital Partners, a Cleveland-based private equity firm, is to acquire the assets of the liquids division of oneCare.
This is Resilience Capital Partners' first add-on acquisition by its CR Brands platform, which it acquired in September 2012.
Headquartered in West Chester, Ohio, CR Brands operates manufacturing facilities in Spartanburg, South Carolina, and markets its products under the nationally recognised brands Mean Green, Biz, Oxydol and Pine Power.
This acquisition doubles the number of brands CR Brands now offers.
Acquired brands include the leading brand in home dry cleaning Dryel, as well as
LeapFrog Investments, a specialist investor in financial services in Africa and Asia, has exited from Ghanaian insurer Express Life, selling its majority stake to Prudential PLC for an undisclosed sum.
The transaction marks the entry of one of the world’s largest insurers into the fast-growing African insurance industry.
LeapFrog’s lead partner in Ghana, Doug Lacey, says: “Our experience with Express Life demonstrates the value of specialist fund managers who can source promising investment opportunities in emerging markets and work closely with these companies to create customer and shareholder value. And now we see that they become attractive to global
MoneyPlus Group, backed by Manchester-based Palatine Private Equity, has been authorised as a licensed body by the Solicitors Regulation Authority.
The debt and financial services provider, which represents around 35,000 people, has purchased Manchester firm Richardson Mail Solicitors to facilitate the new legal service.
This is the seventh acquisition made by MoneyPlus Group as it seeks to strengthen its offering in insurance and legal services.
Sale-based Richardson Mail deals in dispute resolution, debt recovery advice and wills and probate. It also advises landlords and tenants on rental agreements.
Palatine invests between GBP10m and GBP25m in regional companies
Emerging Capital Partners (ECP) has exited its investment in MTN Côte d’Ivoire (MTNCI), a mobile network operator in Ivory Coast, through Planor Capital International (PCI).
Planor Capital International is a Mauritian investment vehicle and is the second largest shareholder in MTNCI. The investment delivered a cash multiple of 2.6x on exit, returning over USD80m in capital.
MTNCI – a subsidiary of South Africa-based MTN – provides fixed line, mobile and internet services to over 6.5 million subscribers, capitalising on the telecommunications sector’s growth, which is underpinned by the rising trend for data provision and a diverse product base, such
International investment bank Altium has advised management of Air Products’ homecare operations on a deal that sees Duke Street, the mid-market private equity group, acquire a majority share in the business.
The Crewe-based company delivers oxygen-therapy, sleep apnoea therapy, ventilation and tele health services to patients in the home. It has a number of private and public healthcare contracts, including the NHS in the UK and the HSE in Ireland.
Established more than 70 years ago, Air Products is listed on the New York Stock Exchange and provides atmospheric, process and specialty gases, performance materials, equipment and technology.
Private equity firm TA Associates has agreed to acquire CMOSIS, a pure-play supplier of high performance standard and custom CMOS image sensors.
The transaction is conditional on regulatory clearance and is expected to be completed by early 2014. Terms of the transaction have not been disclosed.
CMOSIS is a major player in the industrial, scientific and professional markets for image sensors, covering applications such as machine vision, high-end digital photography, digital cinema, aerospace and scientific, medical and biometrics. CMOSIS employs over 60 people and is based in Antwerp, Belgium.
With financial backing and support from Capital-E Arkiv, CMOSIS
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