Allocations
Council Capital, a healthcare-focused private equity firm based in Nashville, has sold Adva-Net, the first investment by Council Capital III, to Paradigm Outcomes.
Terms of the transaction have not been disclosed.
Adva-Net, the nation’s leading ancillary network for high-acuity workers’ compensation claims for pain management, post-acute care and addiction recovery, has experienced exponential growth since its launch in 2012. Since Council Capital’s investment in 2015, Adva-Net has grown revenue annually by 166 per cent, landing a spot as the fastest growing Health Sector company on the Inc 5000 list in 2017 (and No13 Overall).
Council invested in Adva-Net
Fave, Southeast Asia’s fastest growing mobile O2O (online to offline) platform, has raised over USD20 million in a Series B round from strategic and existing investors including Sequoia India, SIG Asia Investment and Venturra Capital.
Over the last two years, Fave has evolved into Southeast Asia’s largest mobile loyalty and rewards platform, helping retail businesses reach out to millions of customers with special offers, bookings, and cashback solutions. Its FavePay product offers a cashless mobile payment experience and has proven to be very popular with customers due to its convenience and cashback reward.
Fave has already helped tens of
Holland & Knight has launched HK Deal Flow, a new program designed to facilitate deal leads by matching acquisition or capital raising opportunities with buyers and investors.
HK Deal Flow utilises the firm’s network of more than 1,300 lawyers and advisors to leverage their deep knowledge of markets and industries to find acquisition and investment opportunities. Over the past year, Holland & Knight informally conducted the deal flow program and based on the positive feedback, the firm is formalising the process to bring access to the program to a wider group.
A key differentiator of the program is
Walker Morris has advised Real Good Food plc on the sale of Haydens Bakery Limited to a subsidiary of Bakkavor Group plc for GBP12 million.
Real Good Food focuses on three main markets including: cake decoration (Renshaw and Rainbox Dust Colours), food ingredients (R W Scott and Brighter Foods) and premium bakery (Chantilly Patisserie). Haydens Bakery has been part of Real Good Food since the Group’s inception in 2003 and produces premium tarts, pies and crumbles, Danish pastries, sweet buns, yum yums and doughnuts and sells principally to major retail customers.
Specialist lawyers from the Walker Morris Food &
Pomona Capital, a global private equity firm specialising in secondaries investing, has held the final close of its ninth secondaries flagship fund, Pomona Capital IX. The fund was oversubscribed and capped at USD1.8 billion.
Limited partners in the Fund include pension funds, sovereign wealth funds, financial institutions, endowments, foundations, and family offices from nearly 20 countries. Strong support from existing investors was complemented by a significant number of new investors from across the globe.
Of Pomona’s recent achievement, Pomona Founder & CEO Michael Granoff, says: “Pomona Capital IX, like its eight predecessor funds, will execute a disciplined secondaries investing
Clyde Blowers Capital (CBC) has completed the sale of precision motion control expert, Cone Drive, to The Timken Company.
Since acquiring Cone Drive in 2012, CBC has repositioned Cone Drive from an industrial gearing company, operating largely out of North America, to a leader in precision motion control technology with operations on three continents. The successful acquisition of H-Fang, based in Jiangyin, China, in 2014 represented a key milestone in achieving this geographic expansion of the business.
Under CBC’s ownership Cone Drive’s sales have increased by 50 per cent to over USD100m; their total employees have more than doubled
Chicago-based private equity firm CORE Industrial Partners (CORE), has acquired Midwest Composite Technologies (MCT), a manufacturer of prototype and low-volume production components.
Financial terms of the transaction have not been disclosed.
Founded in 1984, MCT offers 3D prototyping and low-volume production services through a fleet of over 40 additive manufacturing machines, including in-house selection laser sintering (SLS), direct metal laser sintering (“DMLS”), polyjet printing (PJET), stereolithography (SLA), fused deposition modelling (FDM) and multi jet fusion (MFJ) technologies.
In addition to 3D printing and processing, the Company also offers CNC machining, injection moulding and industrial design capabilities to a
Ropes & Gray has advised UK private equity firm Epiris on Epiris Fund II’s acquisition of Bonhams, the global auction house, from private shareholders.
The deal, announced today, is the fourth investment of the Epiris Fund II. Bonhams is one of the world’s largest and most renowned auctioneers of fine art and antiques, motor cars and jewellery. The business holds more than 250 sales a year at its flagship salerooms, which include London, New York, Los Angeles and Hong Kong. In 2017, Bonhams sold more than 60,000 lots, generating over GBP450 million of hammer sales.
The Ropes &
Webster Capital (Webster) has held the final closing of its latest fund, Webster Capital IV at its hard cap of USD875 million, exceeding its initial target of USD650 million.
The fund will allow Webster to continue to pursue its successful strategy of investing in branded consumer and healthcare service companies across the North American lower middle market.
The fundraising was oversubscribed and received commitments from both new and returning limited partners, including leading institutions from Europe, North America, Asia and Australia. Webster’s previous fund, Webster Capital III, closed in 2015 on USD416 million.
Webster IV has already made
Investcorp, a provider and manager of alternative investment products, has made a strategic minority investment in Banque Pâris Bertrand Sturdza, an independent, Swiss-regulated private bank based in Geneva and Luxembourg.
The Bank has experienced strong growth since its establishment in Geneva in May 2009, growing its assets under management (AUM) at an average yearly growth rate of 35 per cent to CHF 5.3 billion (USD5.4 billion) as of June 2018. The Bank provides independent investment advice and customised investment solutions to over 400 high-net-worth individuals, family offices and institutional clients mainly from Switzerland and Europe.
The Bank was recognised
Events
12 November, 2026 – 8:00 am
12 November, 2026 – 5:00 pm
