Deals
Lyceum Capital has led the acquisition of vehicle tracking and fleet management software provider Isotrak from Saints Chamonix Private Equity to accelerate the company’s UK and North American expansion strategies.
Investing alongside the existing management team Lyceum has taken a majority share in the business, which recently won contracts with a number of leading retailers in North America to add to its blue chip UK customer base.
Established in 1999, Isotrak provides vehicle tracking and fleet management software to enable businesses that operate large fleets of heavy goods vehicles (HGVs) and light commercial vehicles (LCVs) to reduce costs,
Wellington Financial, a privately-held specialty finance firm, has provided a USD2m venture debt financing for Salsa Labs of Washington, DC.
Salsa provides an integrated toolset for non-profit organisations to grow and engage their supporter base for their respective causes through online fundraising, advocacy and outreach with an easy-to-use, online organising platform.
"More than 2,000 organisations, including political campaigns, non-profit groups and other associations from small two-person organisations to global institutions are using Salsa’s state-of-the-art platform to manage their online supporters in a more effective manner," says Mark Usher, partner of Wellington Financial. "In addition to their software-as-a-service product,
EQT has invested CHF44m in Swiss dental chain swiss smile based on a partnership agreement with the founders and majority owners Dr Haleh Abivardi and Dr Golnar Abivardi.
The sisters are both dentists and founded swiss smile in 2002. The existing minority shareholders have been bought out with the new funds provided by EQT.
swiss smile operates several clinics in Switzerland and has franchises or joint ventures in UK, Russia and India. The company is the leading quality dental chain in Switzerland with a 28 per cent market share among dental chains. swiss smile also has its own
Change Healthcare has closed its latest round of financing, securing USD15m led by HLM Venture Partners.
New investor Noro-Moseley Partners also participated in the financing round, as did all existing institutional investors – BlueCross BlueShield Venture Partners, Sandbox Industries, Mitsui & Co. Global Investment, Gary and Mary West Health Investment Fund, and Solidus Co.
"There has been a dramatic increase in the nation’s focus on healthcare cost transparency. Today’s consumers not only need access to cost information, but also a means to take greater control of their healthcare," says Doug Ghertner, president and chief executive of Change Healthcare.
Frontier Capital has made an investment in MultiLing, a translation services provider specialising in intellectual property (IP) and technical materials for global enterprises.
Frontier’s USD10.3m minority equity investment in MultiLing provides growth capital to support the company’s continued expansion. The company will continue to be led by Michael Sneddon, chief executive officer; Lyle Ball, chief operating officer; and Todd Rapier, executive vice president of sales.
“MultiLing is a well-established company with a strong management team and a unique translation model long at work with enterprises such as Procter & Gamble, Dow Corning, and Yokohama Rubber,” says Michael Ramich,
Renewable Resources Group, a California-based asset management firm with a focus on agriculture and other sustainable resources, has purchased Sun World International from Black Diamond Capital Management, an alternative asset management firm based in Greenwich, Connecticut.
"Sun World is an extraordinarily valuable company with a strong and experienced management team and first-class employees who deliver famously delicious fruits and vegetables and industry-leading marketing, licensing and research-and-development operations," says RRG president Ari Swiller. "It’s a company we’ve watched and respected for a long time."
Black Diamond’s Christopher W Parker, who is Sun World’s outgoing chairman of the board, says: "Sun World
Funds advised by CVC Capital Partners have agreed to acquire Domestic & General Group (D&G), in partnership with the existing management team, from Advent International.
Since acquiring the business through a public-to-private transaction in December 2007, Advent has worked alongside the original management team to increase revenues, expand D&G’s presence in continental Europe and introduce new products.
Under Advent’s ownership EBITDA has increased from GBP41m in FY 2008 to GBP83m in FY 2013 (which ended 31 March), while the number of appliances covered has grown to 22 million across the UK, Europe, Australia and New Zealand. Approximately one-quarter
Private equity firm Parthenon Capital Partners has acquired eSecLending, a securities lending agent.
Founded in 2000 to provide an alternative approach to securities lending, eSecLending is the largest independent securities lending agent. Clients include asset managers, pension funds, insurance companies and corporations, whose combined assets under management exceed USD2trn.
As part of the transaction, securities lending industry veteran Craig Starble will co-invest in eSecLending and join as the company’s chief executive officer. Starble was formerly an executive vice president and head of securities finance at State Street as well as chief executive officer of Premier Global Securities Lending.
Parsley Energy has closed on a USD65m preferred equity investment by Natural Gas Partners (NGP).
Parsley is a Midland, Texas-based company that was founded by its chief executive Bryan Sheffield in 2008. With nine rigs running, Parsley is one of the most active operators in the prolific Midland Basin. Since its inception, Parsley has drilled over 270 wells and is currently producing over 17,000 barrels of oil equivalent per day (Boepd) on a gross operated basis and over 5,000 Boepd on a net basis.
Parsley will continue to focus on vertical development in the Wolfberry play and will
Affiliates of GSO Capital Partners (GSO), a division of Blackstone, Wells Fargo and 3Bear management have finalised an equity commitment to 3Bear Energy to pursue the development of North American midstream oil and natural gas assets.
“I am pleased to announce the commitment to 3Bear from GSO and Wells Fargo,” says Bob Clark, chief executive and founder of 3Bear. “This is our second partnership with GSO, one of the preeminent investors in the energy industry. We previously partnered with GSO on the successful development of Bear Tracker Energy, and we look forward to working with them again as we
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12 November, 2026 – 8:00 am
12 November, 2026 – 5:00 pm
