Allocations
Oak Hill Capital Partners (Oak Hill) has led a transaction to recapitalise VetCor Group Holdings Corp (VetCor) alongside significant new investment from existing shareholders Harvest Partners, Cressey & Company and the VetCor management team. Terms of the transaction have not been disclosed.
VetCor is one of the largest operators of veterinary hospitals in the US, managing 272 locations across 28 states and employing approximately 900 veterinarians. VetCor hospitals provide a full range of general medical and surgical services for pets, as well as pharmacy needs and ancillary services such as boarding, grooming, and pet products. The management team of VetCor,
Telemos Capital (Telemos) has completed its acquisition of a majority stake in Lovehoney, a leading online retailer of sexual happiness products.
The transaction is Telemos’ first investment in the UK. Financial details have not been disclosed.
Established in Bath in 2002 by Richard Longhurst and Neal Slateford, Lovehoney is a market-leading pure e-commerce retailer, focusing on women and couples.
Selling a mix of own label and third-party products Lovehoney has grown into an international success, delivering record sales in the region of GBP100 million for the year ended 31 March, 2018.
Some 60 per cent of sales
Private equity firm Rcapital has completed a hat-trick of deals across its investment portfolio, including the sale of Cluttons’ Middle East business based in Dubai to Savills.
Rcapital bought the property consultancy in May 2017 and the sale concludes a key step in the growth strategy for Cluttons in the UK which will continue to focus on both the commercial and residential markets.
Rcapital has also sold Coaching Academy which has been in the portfolio since November 2007 and is the longest established coach training organisation in Europe. It offers a range of externally accredited professional qualifications in Life
Healios, a digital therapy company for mental health, has raised GBP2.2 million (USD3 million) in its latest funding round, led by investors Albion Capital and Spice Capital.
Founded in 2013, Healios empowers young patients and families affected by mental illness and neurodevelopmental conditions through combining the use of technology with specialised clinician expertise and evidence-based clinical tools. Utilising its unique digital platform, Healios enables the efficient delivery of family-centric care, delivering a revolutionary interactive experience across multiple family members. Its technology-driven approach increases both access to and engagement with therapy and enhancing the quality of care and outcomes for its
Maranon Capital has acted as agent for a senior credit facility to support Falfurrias Capital Partners’ acquisition of Tax Guard.
Headquartered in Boulder, Colorado, Tax Guard is the leading provider of proprietary data and services that help lenders accurately assess tax-related credit risk associated with potential borrowers.
Tax Guard is the first company in the US to give lenders real-time insights into a client’s hidden tax liabilities, information typically not available to lenders unless and until the IRS files a tax lien.
Paul Hastings has represented Teleperformance SE, a specialist in outsourced omnichannel customer experience management, in the company’s acquisition of Intelenet, a major global provider of high-end omnichannel customer experience management, back-office, human resources and financial and administration services, from Blackstone (NYSE: BX) for a total consideration of USD1 billion.
The transaction is expected to close by 30 September 2018, subject to certain regulatory approvals and other customary closing conditions.
Corporate Partners Teri O’Brien in San Diego and Ronan O’Sullivan in London led the Paul Hastings team, which also included senior associates Melissa Garcia and Matthew Poxon, and associates Spencer Young, Aimee Fabri, Taylor Denson, Tyler Dodge and Brittany Pifer.
Attorneys from the
TA Associates, a leading global growth private equity firm, has acquired and combined Global Software and insightsoftware.com International, two ERP reporting and corporate performance management software companies.
With over 6,000 enterprise customers globally and more than 75,000 end users, the combination creates the market-leading ERP financial and operational reporting platform. Financial terms of both transactions were not disclosed.
The combined company will be named insightsoftware and will be led by new Chief Executive Officer, Michael Lipps.
Mr. Lipps previously served as President and Chief Operating Officer of MercuryGate International and as Managing Director at LexisNexis, where he led the
PPM America’s private equity arm, PPM America Capital Partners (PPM), has closed its seventh co-investment fund, PPM America Private Equity Fund VII, with a 159 per cent increase in size from its predecessor fund.
The newly closed Fund is a part of PPM’s long-standing private equity program which primarily focuses on North American middle market buyout and growth opportunities. PPM’s private finance team was established in 1991; by 1996, the team expanded and developed into separate asset class teams focused on private equity, private debt, bank loans, and structured finance.
PPM America Capital Partners was formed in 2000 and
Pipedrive Inc has closed a USD50 million Series C round led by new investor Insight Venture Partners and existing investor Bessemer Venture Partners, with additional participation from existing investors Rembrandt Venture Partners and Atomico.
Strongly positioned to capitalise on a surging global CRM market worth over USD40 billion (Gartner), Pipedrive plans to further expand its R&D, accelerate customer growth across its global footprint, and explore strategic acquisitions. This round brings Pipedrive’s total venture capital funding to date to USD80 million.
Headquartered in New York and Tallinn, Pipedrive is a truly global offering with 75,000 customers in 170 countries. With
Macfarlanes has advised healthcare-focused private equity firm Apposite Capital on the closing of its second fund Apposite Healthcare Fund II and associated vehicles at GBP144.5 million.
The fund attracted commitments from both new and existing investors including fund of funds, financial institutions, family offices and corporates from Europe, Asia and the US. Capital raised will be invested in healthcare companies across the UK and Europe.
The Macfarlanes team for this matter was led by investment management partner Stephen Robinson with assistance from investment management senior counsel Emily Brown and Mark Baldwin, a partner in the tax group, providing tax
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