Allocations
An affiliate of private equity firm HIG Capital (HIG) has completed the sale of its portfolio company Matrixx Initiatives to Gryphon Investors.
Matrixx, based in Bridgewater, New Jersey, manufactures and markets Zicam brand homeopathic and allopathic over-the-counter (OTC) products. The Company has been engaged in the development and marketing of better ways to feel better through over-the-counter health care products that utilise innovative drug delivery systems for over 20 years.
In February 2011, HIG acquired Matrixx through a take-private transaction and recruited a new management team. The company implemented a top to bottom transformation that resulted in several successful
A consortium consisting of Infranode, Kommunal Landspensjonskasse (KLP) and Mirova, an affiliate of Natixis Investment Managers, is to acquire Oslofjord Varme AS, a Norwegian district heating company, from iCON Infrastructure.
Oslofjord Varme builds, owns and operates district heating and cooling systems in the Fornebu, Lysaker and Sandvika area in the Greater Oslo Area – a high growth area with significant real estate development. The company also holds joint venture (JV) interests in two district heating businesses: Drammen Fjernvarme (50 per cent) and Fredrikstad Fjernvarme (35 per cent).
“Oslofjord Varme is our second infrastructure investment in Norway and is a
JZ Capital Partners Limited (JZCP), a London listed fund that invests in US and European microcap companies and US real estate, is to sell Bolder Healthcare Solutions (BHS) to a subsidiary of Cognizant, one of the world’s leading professional services companies.
Headquartered in Louisville, Kentucky, BHS offers a full suite of healthcare revenue cycle management services to the hospital and physician marketplace in the United States. BHS was formed through a co-investment partnership between JZCP and the Edgewater Funds.
JZCP will realise approximately USD108.0 million in gross proceeds from this sale, representing an increase in net asset value (NAV)
Varagon Capital Partners (Varagon) is serving as administrative agent and joint lead arranger on a senior secured credit facility to support the acquisition of ProVation Medical (ProVation) by Clearlake Capital Group.
Headquartered in Minneapolis, MN, ProVation is a leading software solution provider for intelligent procedure documentation. ProVation is trusted by leading physicians globally, serving approximately 1,500 hospitals and 1,000 Ambulatory Surgery Centers (ASCs), including 16 of the top 20 hospitals for gastroenterology (GI) and GI surgery in the US.
“We are excited to partner with Clearlake in its acquisition of ProVation,” says Sam Kwon, Managing Director at Varagon. “This
Assetz Capital has launched a 1 per cent Spring bonus, giving investors an additional 1 per cent gross target interest until 30 June 2018.
All new funds lent before 4 April 2018 on the Assetz Capital platform will now earn the additional target interest until 30 June 2018.
The 1 per cent Spring bonus is available to both new and existing investors, and all of the Assetz Capital investment accounts qualify, including the Manual Lending Account. ISA-wrapped accounts are eligible too. Any additional interest will be paid in a lump sum within 30 days of the end of the
Legado Capital has acquired Kivuto Solutions Inc (Kivuto) along with a group of investors, including the lead investor, Roynat Equity Partners.
Founded in 1997 by Ram Raju, Kivuto Solutions Inc was established to simplify the management and distribution of software in higher education. The company’s platform powers OnTheHub, a network of custom school branded web stores that provides students with discounted academic software and Texidium, an end-to-end eBook adoption, delivery and reader solution.
For the past two decades, Kivuto has worked with leading software publishers to develop academic programs that empower students and provide them with the tools and
Gide’s Casablanca office has assisted Wendel on the sale of its equity interest in the holding company of the Saham group for USD155 million (EUR125 million).
This transaction took place alongside the sale by Saham group of its insurance division to South Africa-based Sanlam, the leading financial services provider in Africa, for more than USD1 billion. It is subject to the completion of the transaction between the Saham Group and Sanlam, which should occur in the second half of 2018.
Wendel will also get an earn-out, with a portion of the capital gains on any disposal of the remaining
Gen Cap America has sponsored a buyout of CoreMedical Group (CoreMed) in partnership with management. Terms of the transaction have not been disclosed.
CoreMed, based in Manchester, New Hampshire, is a leading healthcare staffing and recruiting agency specialising in travel and permanent placement for nurses, allied health professionals and physicians. With more than 25 years of experience, CoreMed recruits medical professionals and provides staffing solutions to hospitals and healthcare providers in all 50 states.
Chris Godwin, Managing Director at Gen Cap America, says: “We are excited to have the opportunity to invest in CoreMed alongside the management team. CoreMed
Mid-market private equity investor Equistone Partners Europe Limited (Equistone) has held the final closing of Equistone Partners Europe Fund VI (EPEF VI) at its hard cap with total capital commitments of EUR2.8 billion.
Equistone completed the fundraising within four months of its launch in early November 2017. The Equistone team will also make a commitment to EPEF VI alongside the institutional investors.
Consistent with Equistone’s established strategy, EPEF VI will invest in European buyouts valued between EUR50 million and EUR500 million, targeting well-positioned businesses in Western Europe with high-calibre management teams and strong growth potential. The fund attracted
UK FinTech Delio, a specialist in digital private market services and solutions, has launched DelioConnect, a new connected network of discrete and own-branded private investment communities, which enables members to expand their distribution capability and their deal flow.
This latest product offering allows members to find trusted partners they wish to engage, connect and communicate with to find new sources of capital or to find exciting investment opportunities that are in line with their preferences.
Members can use DelioConnect to access a catalogue of vetted network participants, allowing them to confidentially connect under their own terms. Supporting documentation can
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12 November, 2026 – 8:00 am
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