Arcapita has acquired a controlling interest in MC Sign Company (MC Sign), a provider of signage and lighting services in the United States, for a total transaction value in excess of USD100 million. Atif A Abdulmalik, Arcapita’s Chief Executive Officer, says: “We are excited to complete a US private equity transaction and pleased to partner with the management team at MC Sign to help grow the Company’s suite of services and customer base. MC Sign is led by a very experienced team of professionals who have grown the business considerably over the past few years, and we believe the Company

Private equity funds managed by Blackstone (Blackstone) have completed the previously announced acquisition of Schenck Process (Schenck), a specialist in measuring and process technology equipment. Blackstone and Schenck have also announced the appointment of Keith Cochrane as Chairman and Harry Kenyon-Slaney as Member of the Advisory Board of Schenck.   Cochrane brings extensive senior and board-level experience to the role. He is currently Interim Chief Executive of Carillion plc, prior to which he served as long-standing CEO of The Weir Group plc, a leading manufacturer of highly-engineered products and services for the minerals, oil and gas and power industries. He

Brookfield Business Partners is to acquire a 75 per cent controlling interest in the Schoeller Allibert Group (Schoeller Allibert), a manufacturer of returnable plastic packaging systems, for EUR205 million.  The stake is being acquired from an indirect subsidiary of JPMorgan Chase & Co (JPM) (JP Morgan).   Brookfield completed the transaction by partnering with the founding Schoeller family who will continue to hold the remaining 25 per cent interest in the Company through Schoeller Group and expects to be a long-term partner in growing the business. The Schoeller Group have the opportunity to increase their ownership over time.   “This

Noerr has advised the airline Condor and its parent company Thomas Cook on the takeover of Air Berlin Aviation. The subsidiary of the insolvent company Air Berlin PLC & Co. KG is currently undergoing the approval procedure for obtaining a flight licence and has already set up the required structures with the necessary postholders.   The purchase of the company fits in with Condor’s plans to expand capacity in the German market due to higher demand. Air Berlin Aviation is to be included in Condor’s summer flight schedule with six planes once the flight permit has been issued. The company

Audax Private Equity (Audax) has agreed to acquire Corsearch, a division of Wolters Kluwer NV. Corsearch, headquartered in New York, NY, is a leading data-driven trademark and domain establishment and protection business. Corsearch has additional offices in Dallas, California, Brussels, London, Luxembourg, and Paris. Terms of the transaction were not disclosed.   Corsearch provides trademark and domain management services to corporate legal departments and law firms through their brand establishment, brand protection, and domain management business lines.   Geoffrey S Rehnert, Co-Chief Executive Officer, Audax Group, says: “Corsearch is a leader in the brand protection and establishment industry. We look

Ipsum Group Limited (Ipsum) a utilities and infrastructure service provider backed by Aliter Capital (Aliter) has acquired Specialist Power Engineering Contracts Limited (SPEC), a Wakefield-based specialist High Voltage (HV) engineering business. The value of the transaction has not been disclosed.   Ipsum, which is headquartered in Preston, was backed by Aliter in January 2017 and acts as the holding company for Aliter’s investments into the utilities and infrastructure support services sector. The investment in SPEC will enable Ipsum to broaden its specialist service offering and reach into the electricity sector; diversify its customer base; and expand its geographical footprint across