Allocations
Oak Hill Capital Partners (Oak Hill) and Canada Pension Plan Investment Board (CPPIB) have entered into a definitive recapitalisation agreement with Berlin Packaging.
As part of the arrangement, CPPIB will make a USD500 million investment in the company. The Berlin Packaging management team, including Chairman and CEO Andrew Berlin, will also make a significant investment. Additional financial terms were not disclosed. The transaction is expected to close by the end of 2018.
Berlin Packaging is a supplier of packaging products and services to companies in multiple industries, providing customers of all sizes with a one-stop shop for glass, plastic,
Addleshaw Goddard’s Leeds Corporate team has advised the management of Pirtek Europe on the exit of The Halifax Group’s majority stake in the company, and acquisition by PNC Riverarch Capital, also a US-based private equity firm.
Pirtek Europe is a leading on-site provider of hydraulic hose replacement and associated services across Europe. Pirtek Europe operates across more than 185 centres and 750 mobile units spanning the UK, Ireland, Germany, Austria, Belgium, Netherlands and Sweden including centres in Yorkshire and the North East.
Leeds corporate partner Richard Hunt led the Addleshaw Goddard team alongside corporate associate Thomas Hopwood, with tax partner
TeleClinic has successfully completed its series A funding raising EUR7 million from Idinvest Partners. Having raised EUR2 million during its initial financing last November, TeleClinic is now preparing to scale up the business and provide millions more patients digital access to medical care, with new strategic partnerships and marketing activities planned for 2019.
Today, over 50 per cent of privately insured patients in Germany have free access to doctors with over 30 specialties thanks to TeleClinic. Furthermore, approximately nine million statutory insured patients benefit from TeleClinic as part of their standard care, with e-prescriptions already available to privately insured patients
USound, the developer of the world’s smallest loudspeakers which are protected by over 150 patents, has raised USD20 million in growth investment.
USound’s smart digital micro speakers are based on MEMS (Micro Electro Mechanical Systems) technology that enables extreme miniaturisation, distinctive sound quality as well as highest levels of energy efficiency. USound micro speakers are currently deployed in a vast array of applications: Smartphones, earbuds, audio modules for augmented reality and virtual reality glasses, numerous consumer wearables, as well as 3D surround sound headphones perfect for an immersive gaming experience.
Together with strong global production partners like STMicroelectronics, Flex,
SFW Capital Partners, a specialised private equity firm that invests in mid-sized companies providing analytical tools and related services, has sold Spectro Scientific (Spectro) to AMETEK for approximately USD190 million.
Spectro, headquartered in Chelmsford, MA, provides predictive analytics for maintenance of critical assets, comprised of sophisticated instrumentation, consumables, proprietary algorithms and cloud-based software analytics, to a range of industrial and military customers. Spectro’s customers use its solutions to increase asset availability, reduce operating expenses and increase productivity.
SFW acquired Spectro Scientific since it was attracted to Spectro’s strong value proposition, deep application expertise and significant untapped potential for growth
Private equity firm Sentinel Capital Partners (Sentinel) has acquired Apex Companies, a water resources, environmental services, and industrial hygiene firm.
Terms of the transaction have not been disclosed.
Apex offers comprehensive services to assess, prevent, and cure environmental issues related to water, ground, facilities, and air quality. Apex serves a large and diverse client base spanning both the public and private sectors and a broad range of end markets, including energy, industrial, manufacturing, real estate, retail, and telecom. Apex’s client-centric operating model, nationwide presence, and industry reputation as a leader in environmental compliance and risk management are the foundation
By Gareth Davies, Augentius – For the private equity industry, transparency has become the watchword: everyone wants more granular data, more often. For a number of years demands from investors have called for a deeper understanding of valuations and the reasoning behind them. It is an age-old challenge for LP-GP relationships, but one that is expected to change significantly over the next few months.
Last year investor demands began to be addressed with the formation of the Institutional Disclosure Working Group (IDWG) which was set up to support a more unified approach to reporting. The outcome was five proposed templates to
Caisse de dépôt et placement du Québec (CPDQ) is taking an equity interest totalling CAD200 million in Plusgrade, a provider of revenue solutions to the global travel industry. The transaction values Plusgrade at over CAD600 million.
With this backing, the company will continue to execute its expansion plan, which includes penetrating new international markets and expanding its suite of products. Since its founding in Montréal in 2009, Plusgrade has become one of the fastest growing technology companies, and was ranked in Deloitte’s Canadian Technology Fast 50 list in 2016 and 2017. Recently, it also received the Deloitte Technology Fast 50 Leadership
21 Partners, a European investment group founded by Alessandro Benetton and Gérard Pluvinet, is rebranding as 21 Invest.
The company says its new name and logo more directly reflect the core activity of the Group, which in almost 30 years of activity has expanded from Italy to other geographies and is further progressing towards pan-European growth.
The new logo represents the vision of the group which is constantly aiming towards the future and continuous evolution.
“I chose the number 21 to identify the company that I founded in 1992 at the age of 28 – Alessandro Benetton, founder
Mercatus, an asset and investment management platform, has partnered with professional services firm, Alvarez & Marsal (A&M) to help customers accelerate digital and data strategies through Mercatus’ Investment Lifecycle Management product.
The new wave of digitalised investors that is emerging has data as a strategic core competence. The companies say that combining Mercatus’ software with A&M services will help accelerate the growth and data-driven intelligence of alternative investment funds globally.
“It’s an exciting time for investors in alternative assets,” says Tim Buchner, COO at Mercatus. “The sheer growth of the space – expected to reach USD80 trillion by 2030 – will
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