Gresham, the UK mid market private equity specialist, has invested GBP23 million in the management buy-out of Warrington-based Integrated Engineering Stores Associates (IESA), a specialist in the management of maintenance, repair and operating goods (MRO) expenditure, through integrated supply solutions. The buy-out plan is to take advantage of the inherent growth in the MRO outsourcing market, consider international opportunities and expand the business into new verticals.  IESA was established in 2001 as an integrated supply business to provide outsourced stores management for manufacturing facilities.   The firm invested heavily in IT, and now uses its software to manage clients’ supply

The Riverside Company has completed the sale of MK Chimney Systems to French buyer Isotip-Joncoux Group. The sale of the Polish producer of chimney systems, liners and related products generated a gross cash-on-cash return of 2.9x.   Based in Zary, Poland, MK manufactures and distributes a wide variety of branded, high-quality flue gas extraction systems made of refined steel to customers throughout Europe. It is a leading player in Poland and holds an established position in Germany and Scandinavia. The company offers a wide variety of chimney systems, including single wall chimneys, double wall chimneys, condensation systems, chimney cowls and

The Aureos Southern Africa Fund LLC (ASAF) has sold its 49% stake in Zambia’s foremost producer of table eggs, Golden Lay Limited (Golden Lay).  Golden Lay is involved in the production, distribution and sale of chicken table eggs throughout the Copperbelt region of Zambia and the Democratic Republic of Congo.  It has a strong presence in Zambia, accounting for approximately 15% of the total Zambian market for table eggs and operates from a world class bio-secure farm with state-of-the-art climate controlled production facilities.   Golden Lay sells eggs from its farm through a network of hundreds of small-scale traders who

glendonTodd Capital LLC, a private equity firm that focuses on investments in business services companies and investments in real estate has acquired Toutatis Inc in conjunction with Performa Partners. Based in São Paulo, Brazil, Toutatis Inc is a full service business process outsourcing (BPO) provider in Latin America and offers a wide variety of BPO solutions in human resource outsourcing, finance and accounting outsourcing and procurement outsourcing. The firm has offices in ten countries throughout Central and South America, giving it the ability to serve international clients with operations throughout the region, including: Argentina, Brazil, Chile, Columbia, Ecuador, Mexico, Paraguay,

Horizon Technology Finance Corporation has closed a USD1.5 million venture loan to StreamBase Systems, Inc (StreamBase), a leader in high-performance Complex Event Processing (CEP). The funds will be used to support the growth and expansion of the StreamBase business. Gerald A Michaud, President of Horizon, says: "We are pleased to provide this venture loan to StreamBase in support of the company’s strong market position and attractive growth prospects. StreamBase is a leader in Complex Event Processing, with a significant customer base and strong revenue growth. With our continued support, the company will now invest additional capital to grow their new

Middle market private equity fund River Associates Investments has held the final closing of its sixth investment fund complex. River VI, with USD222 million in commitments, exceeded its initial target of USD200 million and is more than twice as large as River V, which was a USD110 million fund. River Associates received strong support from its existing investors, with almost all of them making a capital commitment to River VI. In addition, River VI attracted an impressive list of new investors including internationally recognized insurance companies, endowments, pension plans and private equity fund-of-funds. As they have in prior funds, the

Smedvig Capital, the development capital house, has sold Ocean Outdoor, the leading operator of ‘Digital Out of Home’ advertising sites, to mid-market private equity house, LDC.   Over the last four years, Ocean has grown rapidly, increasing revenue more than 3 fold and become the clear leader in iconic, large format digital and banner advertising locations with its name firmly established within the outdoor market.  Last year, it won Silver in the annual Media Week, Media Brand of the Year, coming second only to Google/You Tube.   Smedvig first invested in Ocean in 2008, taking a majority stake through the

Vox Mobile, a leading provider of managed mobility solutions for the enterprise, has completed a USD7.5 million growth round of funding led by Edison Ventures, a New Jersey-based venture capital firm with a focus on expansion-stage, information technology companies. Edison limited partner, Permal Capital also participated in the financing round. Vox Mobile’s new financing will accelerate expansion to meet the high demand for its enterprise managed mobility services. "As enterprises face growing complexity and challenges with mobility, the demand for managed mobility services continues to explode. We believe Vox Mobile will continue to capture a large share of this emerging growth market with its industry-leading