AmeriVet Veterinary Partners (AmeriVet), a consolidator of US veterinary practices, has closed a USD1.6 billion recapitalisation with funds managed by AEA Investors LP (AEA) and a wholly owned subsidiary of the Abu Dhabi Investment Authority (ADIA) acquiring the company from Imperial Capital Group (Imperial Capital). AmeriVet’s recapitalisation was a resounding success for both investors and joint venture partners. Investors in AmeriVet, including the majority investor, Imperial Capital, earned a 6.6 times multiple of capital on their investment. As part of the recapitalisation, AmeriVet’s DVM partners were able to participate at the Company’s platform multiple and monetise their retained joint venture

Barings gas acted as sole lender on secured credit facilities backing ECI’s acquisition of Zenergi, a UK-based energy and sustainability services specialist offering energy procurement and energy management services targeting the education and public sector. Founded in 2003, Zenergi has experienced continuous growth through helping its customers navigate an increasingly complex energy market. With its energy management offering, Zenergi also acts as a long-term energy partner for helping its customers achieve energy efficiencies as they work towards net zero targets. With this acquisition, ECI will look to continue the growth of the business by bringing its offering to even more

Solace Capital Partners (Solace) has acquired Sun Mountain Sports, Inc (Sun Mountain), a producer of golf equipment and apparel, from founder and golf industry innovator Rick Reimers. The Company will remain headquartered in Missoula, Montana, and will continue to be led by its current management team, including long-time executive Ed Kowachek, who will assume the role of Chief Executive Officer, and Blake Ludwig, Chief Financial Officer.  Reimers will retain ownership of Sun Mountain Motor Sports, which produces electric golf carts under the Finn Scooters brand.  Terms of the transaction have not been disclosed.

Pembroke VCT, a venture capital trust focused on backing early-stage businesses with exceptional founders and management teams, has made an initial investment of GBP3 million in Cydar Medical (Cydar), a surgical augmented intelligence company using software to revolutionise every stage of image-guided minimally invasive surgery. Cydar was launched in 2012 by founders Tom Carell, a vascular surgeon and Graeme Penney, an imaging scientist, having both recognised the difficulty surgeons experience when performing image guided procedures and the resulting inconsistency of patient care. They combined their expertise to develop Cydar Intelligent Maps, with the aim of advancing surgical care and in

Naqla, Egypt’s trucking technology platform and marketplace connecting truck owners with cargo companies, has raised USD10.5 million in a Pre-Series A round led by major investors El Sewedy Capital Holding (SCH), Hassan Allam Holding (HAH), and the Sallam Family. Naqla’s core mission is to modernise and expand Egypt’s supply chain through technology by automating orders between shippers and drivers through its two main apps. Naqla will use proceeds of this investment to invest further in its commitment to advancing technology and digitalisation, positioning the company for growth and development in 2022. Since establishing the business in 2017, founders Sherif Taher

Vantage Specialty Chemicals Holdings (Vantage), am portfolio company of alternative investment firm HIG Capital (HIG), has acquired JEEN International Corporation and Botanicals Plus, Inc (collectively, JEEN). JEEN is highly complementary to Vantage Personal Care’s existing comprehensive portfolio of naturally derived ingredients, including active ingredients, natural oils, and bio-based chassis ingredients. JEEN is a provider of naturally derived specialty ingredients and blends for the personal care and cosmetics markets. JEEN’s portfolio includes a diverse range of specialised active ingredients, botanical extracts, and complexes serving functional applications for skin and hair care. JEEN is an innovative leader in rapid product development and

Arrowpoint Advisory’s Industrial team has advised the shareholders of Coryton Advanced Fuels Limited, a specialist in the market for sustainable fuels, on its sale to Lantmannen AB, a Swedish agricultural co-operative group. Coryton is a provider of advanced, bespoke fuel solutions to an established customer base operating across a range of end-markets, including motorsport, light and heavy-duty vehicles, aviation and marine.  From its headquarters in Essex on the Thames estuary Coryton develops thousands of bespoke fuel blends each year, with global sales volumes exceeding 11 million litres in 2021. Coryton is an emerging leader in the fast-growing market for sustainable

Foresight Group (Foresight), an infrastructure and private equity investment manager listed on the London Stock Exchange, and Williams Advanced Engineering (WAE), have invested in Zero Point Motion Limited (ZPM), an early-stage semi-conductor company which is developing a chip-scale inertial measurement unit (IMU) for ultra-precise motion-tracking and indoor navigation.   The Company was founded in 2020 by Dr Ying Lia Li (Lia), an award winning physicist (2021 Institute of Physics Clifford Paterson prize) who worked on photonic devices at BAE Systems and developed sensing technology during a decade-long academic career supported by The Engineering and Physical Sciences Research Council and The

Barings has acted as sole lender of secured credit facilities in the merger of Westbridge Advisory (Westbridge) with Argentus (Argentus), a portfolio company of GENUI. GENUI acquired a significant stake in Argentus in 2021, subsequently merging it with Westbridge in 2022, Argentus’ largest peer in Germany. The merger will create a leading Environmental Social and Governance (ESG) and operating efficiency advisor, serving the German and Pan-European real estate industry. The companies’ founders remain significant shareholders alongside GENUI. Westbridge offers ESG consulting, operating cost optimisation, facility management consulting and real estate management services, with the aim of improving property efficiency in

Inflexion has led the buyout of Astrak Group, a European specialist distributor of parts for construction equipment, with the founding family continuing to be involved with the business. The investment is being made from the Inflexion Buyout Fund VI, which recently closed at GBP2.5 billion. Fife-based Astrak was founded in 2003 in Denmark and has grown to become a market leader in undercarriage and wear parts for construction equipment, employing over 100 people across its seven locations across Europe.