Claude Paoli (pictured), majority shareholder and President of the French group BPI, has announced an intention to conclude a strategic capital partnership with Perceva Capital. The operation should be finalised in March 2012. The transaction would see Perceva Capital taking a majority stake. Created in 1984, BPI group is a global management and HR consulting firm. BPI assists companies and institutions to prepare, implement and drive transformation strategies. With a global footprint in 40 countries and a French network of 26 regional offices, BPI employs nearly 1 000 professionals, working in close proximity to clients.   The strengthening of the

Morgenthaler Private Equity, the Boston and Cleveland-based private equity team focused on lower middle-market buyouts, has completed the sale of Phillips & Temro Industries, a designer, manufacturer and distributor of highly engineered diesel engine components to original equipment manufacturers (OEMs) and suppliers of construction equipment, light and heavy duty trucks, agriculture equipment, stationary power generators and automobiles. Terms of the transaction have not been disclosed. Butch Sumpter, President and Chief Executive Officer of Phillips & Temro, says: “We are excited about our future growth prospects across all three operating divisions. Over the past several years we have significantly enhanced our global

Business Growth Fund (BGF), established to help Britain’s fast-growing smaller and medium sized businesses, has invested in GCI Telecom Group (GCI Com), an independent telecoms and data services provider, led by Midlands-based IT and communications entrepreneur, Wayne Martin. BGF has invested GBP10 million of equity capital to support GCI Com’s organic growth and active acquisition strategy, in return for a minority stake in the company.   Headquartered in Lincoln, GCI Com has a turnover of approaching GBP65 million and employs 220 staff across nine UK locations.  The group was formed in 2000 and has since grown rapidly, through a mix of

EmVest Asset Management, a diversified agricultural investment company in sub-Saharan Africa, has received its first allocation from Truestone Impact Investment Management, which focuses on delivering market rate returns from social and environmental investments. EmVest manages the Emergent African Land Fund, a private equity fund focusing on the agricultural sector, with projects in Mozambique, South Africa, Swaziland, Zambia and Zimbabwe. The company supports the growth of sub-Saharan Africa through responsible capital allocation sourced from investors in both developed and developing countries. It is a for-profit company that targets a return of 20% per annum. Truestone specialises in ‘impact investment’, which it

General Atlantic is to acquire a minority equity stake in FNZ, a provider of technology, transaction and custody services to the wealth management industry, investing alongside HIG Europe and the management team. Completion of the transaction remains subject to EU competition commission approval.   HIG originally backed an MBO of FNZ in early 2009. FNZ has subsequently seen significant expansion in its customer base in the UK, Australia and New Zealand, developing long term partnerships with blue-chip customers including Standard Life, AXA, JP Morgan, HSBC, AMP, National Australia Bank, Friends Life, UBS, Zurich and Close Brothers Asset Management.   FNZ’s

Private equity firm Francisco Partners has acquired Concerro through API Healthcare, an existing portfolio company that provides workforce management technology to the healthcare industry. Based in San Diego, California, Concerro is a provider of software-as-a-service (SaaS) staffing and scheduling systems for healthcare. Through this acquisition, API Healthcare will expand its market and accelerate its delivery of SaaS solutions. "The acquisition of Concerro presents an opportunity for API Healthcare to expand into new markets, primarily smaller hospitals and clinics, and accelerate the path to SaaS for its workforce management technology," says Petri Oksanen, a principal at Francisco Partners who focuses on

Boston-based private equity firm Riverside Partners is to make a significant investment in Park IP Translations, a market leader in the highly technical field of patent translation. The investment, which will be made through Riverside Partners’ portfolio company, Welocalize, will enhance the company’s service offerings, providing clients with better translations on a global scale. Park IP is headquartered in New York, New York. Welocalize has over 500 employees in 11 offices located in the USA, Ireland, United Kingdom, Germany, China, and Japan, and provides translation supply chain management to deliver market-ready, translated content efficiently and affordably. Welocalize is headquartered in

Corel has completed the acquisition of the Roxio business from Rovi Corporation. With this deal, Corel has expanded its product portfolio to include Roxio’s broad range of digital media and security solutions, including digital media suite Roxio Creator and Roxio Toast, a leading media conversion software on the Mac platform. Financial details of the agreement have not been disclosed. Corel now adds the Roxio product line, including the following well-known products, to its portfolio: Roxio Creator – Software to enhance, preserve, capture and share your digital media Roxio Toast – The ultimate multi-media toolkit for your Mac Roxio Game Capture