Tech24, backed by HCI Equity Partners, has acquired Allied Service Group (Allied), a provider of repair services, preventative maintenance and installation for foodservice and HVAC equipment, servicing restaurants, grocery stores and institutions in Southwest Tennessee and Northern Mississippi. Tech24 is a provider of repair and maintenance services for foodservice and commercial HVAC equipment.  Allied is Tech24’s twelfth add-on acquisition in the highly fragmented foodservice repair and maintenance market. Financial terms of the deal have not been disclosed.   The acquisition provides Tech24 with an additional entry point into the Southeastern US as Allied’s headquarters in Jackson, Tennessee, are near growing

abrdn’s Core Infrastructure team has agreed to make a major equity investment in Wessex Internet. The investment will help to accelerate the deployment of Wessex Internet’s full fibre-to-the-home network across rural parts of the South West of England.  abrdn will work together with Wessex Internet’s founders to support their vision for the future growth of the business.   Wessex Internet is a full fibre operator in the South West of England, having built an impressive fibre footprint across Dorset, Hampshire, Wiltshire and Somerset. The business has a network footprint covering tens of thousands of homes across these counties and has

Blackstone’s growth fund has bought a majority stake in sunscreen brand Supergoop at a $600 million to $700 million valuation, according to a report by Private Equity Insights. The senior management of Supergoop, including founder Holly Thaggard and Chief Executive Officer Amanda Baldwin, will retain significant equity ownership after the transaction, according to the report. Existing investors  such as Encore Consumer Capital and SWAT Equity are rolling over their stakes, Baldwin said. The firm said Blackstone’s investment will boost the company’s product range into the athletes and babies markets, and also extending its geographical reach to China. Ann Chung, Global

Yorkshire-based Private Equity House, Traditum has made a £1.75 million investment in Halifax-based Sniffers Pet Care. The funding will allow Sniffers to build on its established relationships, support the rollout of new brands and product ranges and will enable them to invest in new manufacturing and distribution roles at its Halifax (Elland) site.   Sniffers is a family-owned business with over 40 years of experience in the pet industry across retail and distribution.  Specialising in natural pet treats and supplying the likes of Pets at Home, Jollyes and hundreds of independent retailers with its brands including Walter Smith, Buffalo Natural

One of Turkey’s leading tech-enabled fulfilment companies, Istanbul-based OPLOG, has raised €11 million in a pre-series A funding round led by Esas Private Equity, The funding will be used to fuel the company’s expansion plans including plans to open its first fulfilment centre in the UK by the end of the year, as well as drive product research and development, including in its robotics division, TARQAN. In Q1 2023, OPLOG will become the only company in Europe other than Amazon to operate using in-house robotics technology within its fulfilment centres. Esas Private Equity has made numerous high-profile technology investments, including

Thompson Street Capital Partners (TSCP), a growth-focused private equity firm based in St Louis, and Endicott Capital (Endicott), an investment fund focused exclusively on the information services sector, have made a strategic investment in MediaRadar. TSCP will serve as the control investor, while former majority investor Frontier Growth, will remain a minority shareholder in MediaRadar.  Terms of the transaction have not been disclosed. Founded in 2007, MediaRadar is an provider of cross-media advertising intelligence that is highly targeted to the needs of media sellers, agencies, and brands. The Company’s more than 20,000 users rely on MediaRadar’s extensive database that tracks

PlanetWatchers, a revolutionary crop monitoring company that can provide detailed crop insights, at any time, regardless of weather and lighting conditions, has raised $11m as part of its series A funding round as part of the Company’s ambitious growth plans. PlanetWatchers is a technology company that uses advanced machine learning to support crop insurers and the agricultural industry in verifying cover crops, tillage, planting dates, acreage, crop classification and weather damage at scale. The Company uses Synthetic Aperture Radar (SAR) data to provide accurate insight at scale. PlanetWatchers exploits the unique benefits of SAR, to create in-season insights that reduce

One Equity Partners (OEP), a middle market private equity firm, is to acquire the core operating assets of Muehlhan AG , a global provider of surface protection solutions catering to the marine, infrastructure and offshore wind energy industries.  Financial terms of the private transaction have not been disclosed.    Founded in 1881 and headquartered in Hamburg, Germany, Muehlhan is a broad-based Industrial Services provider specialising in wind services, surface protection, steel services, passive fire protection, scaffolding and insulation works. Muehlhan is deeply rooted in the maritime industry and over time, has successfully expanded its services portfolio tailored to the individual

Pentair is looking at possible options to sell part of its industrial solutions business, Bloomberg has reported quoting unnamed sources, with any sale expected to interest private equity firms.  The industrial company which produces water pumps, pool equipment, agricultural products and other water-related equipment, is working with an advisor on the sale of the asset.  A final decision hasn’t been made and Pentair could elect to retain the assets. Pentair recorded a 13% year-on-year increase in sales leading to $1.06 billion in the second quarter and attained an EPS of $1.02. It agreed to buy commercial ice maker Manitowoc Ice

Baring Private Equity Asia (BPEA) is said to be looking to merge two of its portfolio companies – Tricor and Vistra – to create a new company at a valuation between $7 billion and $8 billion, according to a report by Bloomberg. Tricor provides business expansion services including accounting and financial reporting as well as tax services, corporate services, investor services, corporate trust and debt services and HR and payroll services.  Vistra specializes in corporate growth support including risk management and compliance, covering private equity, real estate, capital markets and private wealth. BPEA has notified Tricor and Vistra’s creditors about