Blackstone is to acquire a majority stake in CoreTrust, a bulk-buy specialist that controls how many businesses owned by private equity firms secure and pay for goods and services as varied as printers, pallets and postage, according to a report by PE Insights. The world’s largest alternative asset manager agreed to buy the business, which began life as a supply arm for HCA Healthcare, from the hospital giant’s subsidiary HCA HealthTrust.  Financial terms of the deal, which will see HCA HealthTrust retain a minority stake in CoreTrust, have not been disclosed. CoreTrust uses the buying power of its customers —

Huron Capital (Huron) has invested in ExperiGreen Lawn Care (ExperiGreen) alongside a group of executives with deep industry experience. The partnership brings the middle-market private equity firm’s  long history of scaling services businesses together with a leadership team and board of directors that has amassed decades of experience at the most successful companies in the industry including Scotts LawnService, Barefoot Grass Lawn Services, TruGreen, and Real Green Systems, among others.  The platform is being developed through Huron’s ExecFactor strategy. Members of ExperiGreen’s executive leadership team will remain in their existing roles as part of Huron’s investment. In addition to President

Patchwork Health, a healthcare workforce platform built by NHS doctors, has raised £20 million in a series B funding round led by Perwyn. Praetura Ventures and KHP Ventures also participated along with a number of prominent angel investors, including Monzo founder Tom Blomfield and Social Chain co-founder Dominic McGregor. Founded in 2016 by NHS medics Dr Anas Nader and Dr Jing Ouyang, Patchwork partners with over 100 healthcare sites across the UK. Their technology and services aim to transform healthcare staffing. This investment comes at an important time: nearly half of NHS staff have reported feeling unwell as a result of

Thompson Street Capital Partners (TSCP) has made a growth investment in Silverchair, an independent content management, product enablement, and digital transformation platform for association, society, and independent publishers.  BrightTower, an investment banking and M&A advisory services firm, served as exclusive financial advisor to Silverchair. Terms of the transaction have not been disclosed. Founded in 1993, Silverchair provides a suite of software and services to leading global publishers of scientific, technical, and medical (STM) content. Silverchair has leveraged its feature-rich and extensible content management system (CMS) to build new products—including software platforms for medical education and events—that help more than 400

Dusseldorf-based startup Pathmonk has closed a €1.5 million seed investment round led by TechVision Fonds to boost its next-generation AI website conversion platform for marketers. Serial entrepreneur Carsten Lebtig (CEO and founder WorkMotion) also participated in the round.  This investment round serves to fuel Pathmonk’s growth trajectory and its mission to power up websites with AI tools. Pathmonk helps companies to get more conversions from their website applying behaviour analysis on the visitors to increase leads captured and revenue generation.

The Riverside Company, a global private equity investor focused on the smaller end of the middle market, has sold its investment in Parker Food Group (PFG), a leading developer and manufacturer of specialty value-added ingredients for large multi-national and emerging food and beverage brands.  The buyer is an investment company of the Investindustrial private equity group. Founded in 1926 as a manufacturer of speciality ingredients, PFG today is a go-to solutions provider of innovative, specialty ingredients that address critical customer requirements for use in baking, dairy, beverage, confectionary, ready-to-eat, snack and foodservice end markets. Riverside invested in the business in

Motive Partners (Motive), a specialist private equity firm focused on growth equity and buyout investments in software and information services companies that serve the financial services industry, has completed the sale of Global Shares to JP Morgan.  Motive invested in Global Shares in August 2018, acquiring a ~40% stake in the business.   Global Shares, having grown to nearly $200 billion in assets under administration across over 800,000 corporate employee participants, will now enter its next phase of growth under new ownership, as part of JP Morgan. As reported at the time of signing the acquisition, JP Morgan will seek

Signet Leadership (Signet) and its clinical partner, Ladd Dental Group, have acquired Dill Family Dentistry.  Backed by Lead Capital Partners (“LCP”), Signet Leadership is a dental service organiSation providing administrative and support services to its dental partners. Dill Family Dentistry will join and operate under Ladd Dental Group, Signet’s flagship partner, as the platform’s eighth clinic in Indiana.   Dill Family Dentistry is led by Dr Todd Dill, DDS. 

An affiliate of HIG Capital (HIG) has completed the sale of Der Grüne Punkt – Duales System Deutschland (DSD) to Circular Resources, which provides a comprehensive offering for global corporations to meet their need for recycled plastics.  Its combination with DSD will create a large-scale provider of solutions for the circular economy in Europe with a secured, stable and high-quality inflow of raw materials for recycling. Der Grüne Punkt was founded in 1990 as Germany’s first dual system to provide nationwide collection of used sales packages in a transparent and cost-efficient way beneficial for the consumer. Over time, DSD has

Serent Capital, a growth-focused firm that invests in technology companies, has invested in Studio Designer, a digital project management, product sourcing, and accounting platform for the interior design industry.   The investment will allow Studio Designer to invest in developing new products and features and to scale key business operations. Studio Designer is a fully integrated platform that features an all-in-one project management system with time billing, product sourcing, and proprietary accounting tools. For more than 30 years, Studio Designer has enabled the world’s leading designers to drive efficiency and growth, save time, and deliver beautiful projects to satisfied clients.