Deals
Genstar Capital, a middle market private equity firm that focuses on investments in the life sciences, healthcare, financial services, software and industrial technology industries, is to sell PRA to funds managed by Kohlberg Kravis Roberts (KKR).
Genstar acquired PRA in a take-private transaction in 2007 for USD797m. Since then, working with newly appointed chief executive Colin Shannon and a new senior management team, Genstar invested in PRA and completed key strategic add-on acquisitions, strengthened the company’s European operations, enhanced its technology, and developed its infrastructure to support continued expansion in emerging markets.
Shannon says: "The Genstar team has extensive experience building businesses in the
Emerging markets private equity firm Actis has invested USD102m in Edita Food Industries, a snack food business in Egypt.
Edita is the largest independent snack food business in North Africa with a suite of iconic brands including Twinkies, Hohos, Molto, Todo and Bake Rolz. It sells around 2.5 billion pieces of croissants, cakes and wafers a year, with an average price point of 10 US cents.
For Actis this investment builds on its three prior successes in the North African food sector: Mo’men, El-Rashidi El-Mizan and Poulina.
The Egyptian snack food market is growing rapidly. Despite the
Osprey Capital, the venture capital firm, has made a 35 per cent investment in Mansard Capital. Mansard Capital is primarily a specialist investment manager delivering discretionary management services, multi asset solutions and alternative investment funds to private clients and institutions.
Leon Diamond, director, Mansard Capital, says: “Mansard Capital has a highly experienced and expert management team that is committed to delivering innovative solutions to client issues. We are focused on providing strong returns while preserving capital. This new investment from Osprey Capital will allow us to further grow the business and work together to enhance our already strong offering and proposition.”
HNA Group has agreed to acquire GE Capital’s TIP Trailer Services, a provider of transport equipment leasing, rental and service solutions, subject to customary closing conditions, including regulatory approvals.
HNA Group is advised by Bravia Capital of Hong Kong with whom they have historically partnered on other transactions.
Following the completion of the acquisition TIP will operate a network of 48 branches throughout 16 European countries, with over 100 rental locations, more than 50 workshops and 100 mobile service vans. TIP has a transport equipment fleet in excess of 45,000 units.
Adam Tan, vice-chairman and president of
Piper, an investor in consumer brands, has taken a significant minority stake in Turtle Bay, a Caribbean restaurant group.
Turtle Bay is the brainchild of Aj Jaya-Wickrema, who co-founded Las Iguanas, a previous Piper investment. Piper helped Las Iguanas grow from a regional operator of four restaurants into Britain’s market leading Latin American chain, delivering a 6x multiple on its investment on exit in 2007.
Turtle Bay, which promises “to transport you to the Caribbean without a plane ticket”, offers authentic food and drink inspired by the islands’ vibrant culture. The first site opened in Milton Keynes in 2011, followed by restaurants in Bristol, Nottingham and Southampton. The business plans to open
AXA Private Equity has agreed to sell its majority stake in Outremer Telecom to Altice, the telecoms investment fund.
Jean-Michel Hegesippe, chief executive and founder of Outremer Telecom, and the management team will reinvest alongside Altice.
Founded in 1986, Outremer Telecom is an alternative telecoms operator in the French overseas regions. Through its brand Only, the group operates in two geographic areas: the Antilles and Guyana (Martinique, Guadeloupe and Guyana) and the Indian Ocean (La Réunion and Mayotte). Outremer Telecom provides fixed and mobile telephony, high speed internet access and video on demand to residential and professional customers. In
Arsenal Capital Partners has signed an agreement to acquire ADCO Global, a manufacturer of specialty adhesives, sealants and tapes.
ADCO Global is a portfolio company of Aurora Capital Group, a Los Angeles-based private equity firm. The transaction is subject to customary conditions to closing, including regulatory approval, and is expected to close during the third quarter of 2013.
Headquartered in Lincolnshire, Illinois, ADCO Global is a supplier of specialty adhesives, sealants, tapes, and coatings serving the construction, transportation, and industrial markets throughout the world. ADCO Global develops specialised solutions for insulating glass window, roofing, solar panel, wind, bus/trailer/RV,
Clearlake Capital Group has acquired Inventus, an electronic data discovery (EDD) solutions provider to law firms, Fortune 1000 corporations and government agencies.
Clearlake led the investment group, which included the Inventus management team and Cerca Group, a private investment firm based in New York City. Terms of the transaction were not disclosed.
Inventus is a national provider of end-to-end EDD services and solutions, offering efficient, customised workflows and best-of-breed technology to meet the specific needs of each of its clients.
Inventus will remain headquartered in Chicago and Trevor Campion will continue to lead the company as its chief executive
Electra Partners has acquired mixing console manufacturer Allen & Heath from D&M Holdings.
A total of GBP43m of equity and debt has been provided by Electra Private Equity and Allen & Heath’s management.
Founded in 1969, Allen & Heath designs and manufactures audio mixing consoles for live sound, such as concerts, theatres and houses of worship. Allen & Heath’s existing team and distribution networks will remain in place.
Alex Fortescue, chief investment partner at Electra Partners, says: "The ability to invest across the capital structure, in this case funding both the equity and debt instruments, is a
A company wholly owned by funds managed by The Carlyle Group is to acquire Marelli Motori from Melrose Industries.
The transaction will be effected by the sale of Marelli Overseas Limited, the holding company of Marelli Motori, and is expected to close in August 2013.
Capital for this investment will come from Carlyle Europe Partners III, a EUR5.3bn fund that makes mid- and large-cap investments.
Founded in 1891, Marelli Motori is one of the world’s largest manufacturers of industrial generators and electric motors, serving worldwide markets for power generation, marine, oil and gas and industrial manufacturing.
Events
12 November, 2026 – 8:00 am
12 November, 2026 – 5:00 pm
