Allocations
Legal & General’s Venture Capital and SME investment programme, which also includes its “SE-Assist” product for social enterprises, has now made investments in over 100 UK-based companies, and is on track to double that number during 2018.
Early-stage companies which have benefited from Legal & General’s VC funding now have a combined Enterprise Value of over GBP10 billion. Prime areas of focus have included technology, analytics, life sciences and digital healthcare, with a particular emphasis on investments in companies located outside London.
Legal & General’s VC investment programme is conducted alongside seven partner-managers. These include OSI (Oxford Sciences Innovation), CIC
Cairngorm Capital Partners (Cairngorm Capital) has acquired Thornbridge Sawmills Limited (Thornbridge), a leading Scottish timber processing and distribution company.
Thornbridge sources certified timber and sheet materials from sustainable producers both domestically and overseas. It has a combined sawmill and distribution hub in Grangemouth, as well as eight regional branch outlets across Scotland serving builders, joiners and construction companies. Thornbridge has revenues of £35 million and employs 159 staff, many of them very long-serving.
This is Cairngorm Capital’s ninth proprietary transaction since July 2016 and is the first investment for its second fund Cairngorm Capital II, which closed in April
irth Solutions, a provider of field service management solutions to the utility, energy and telecoms industries, has acquired Bytronics, a provider of software solutions to the energy, utility, municipality and contract locator industries and the maker of DigTrack One Call ticket management software.
Financial terms of the transaction have not been disclosed.
The acquisition of Bytronics brings together two market leaders, creating a unified leader in mobile workforce management for the energy and utility marketplace. irth will support all Bytronics’ solutions and their customers will now have access to the resources and expertise of the irth Solutions team. Bytronics
Kirkland & Ellis is advising Oakley Capital Private Equity III on the acquisition of Career Partner Group from its shareholder Apollo Education Group Inc.
The current management team of Career Partner is investing alongside Oakley in the transaction. The transaction is funded by a unitranche debt facility from BlueBay and equity investment from Oakley. Completion is subject to approval by the Federal Cartel Office, and is anticipated to be no later than 31 December, 2017.
Oakley Capital is a mid-market private equity investor with currently over EUR1.5 billion under management, investing primarily in Western Europe. Career Partner Group is a
Middle market private equity firm Quad-C Management has closed an investment in Galleher Corporation (Galleher), one of the oldest, largest and fastest growing value-added floor covering distributors in the United States. Terms of the transaction have not been disclosed.
Founded in 1937, Galleher currently operates 23 locations in California, Nevada and Arizona with over 325 employees. The Company distributes a broad offering of hardwood, resilient, vinyl and laminate flooring as well as carpet and installation accessories to more than 5,000 customers while also providing unique custom hardwood manufacturing capabilities. The Company’s management team, led by Jeff Hamar, is maintaining a
By Ian Kelly, Chief Executive Officer, Augentius – Enthusiasm for private equity as an asset class continues to rise in a time of opportunity for fund managers – Preqin data shows the number of private equity funds in the market continued to grow in Q3 2017, with a 10 per cent rise in the number of funds raising capital since the start of the year. And this enthusiasm can be easily explained.
The macroeconomic environment continues to be characterised by volatility and a paucity of yield when it comes to more traditional asset classes. Not only does private equity allow
Private equity firm Calculus Capital has invested GBP2.2m in Brighton-based Every1Mobile, the developer of a mobile communications platform that is helping to deliver measurable socio-economic inclusion programmes at scale across Africa.
Every1Mobile provides digital communication solutions and online community management to large corporates and international development agencies. The funding from Calculus, a leading EIS and VCT investor, will help Every1Mobile to continue development of its platform technology and increase the geographical scope and scale of its work.
Algy Williams, Every1Mobile CEO, says: “In emerging markets, major corporates are now moving socio-economic inclusion from the periphery to the very centre
CloudSense, a leading Salesforce-native, industry-specific cloud company, has secured a USD77 million growth investment from Vector Capital. The funding will be used to accelerate CloudSense’s rapid global expansion, especially in the North American markets, and to accelerate product innovation and development of enterprise focused vertical solutions.
CloudSense enables leading customer-centric enterprises worldwide to transform the way they sell, delivering capabilities to efficiently provide seamless one-to-one omni-channel customer experiences. Using CloudSense’s industry-specific platform, organisations can sell more, launch faster and reduce costs by producing the integrated, digital-first experiences today’s customers expect. Integrating into CRM, ERP and other systems, the CloudSense Platform provides companies
Etraveli, a flight-centric and data-driven online travel platform which was acquired by CVC Capital Partners’ Fund VI in August 2017, is to join forces with e-Travel.
Both Etraveli and e-Travel have seen rapid growth and expansion to a variety of markets in recent years.
Their geographical footprints have little overlap and make this transaction highly complementary.
Etraveli, based in Uppsala, Sweden, is a global e-commerce platform for flight tickets combining a leading position in the Nordics with a fast-growing international business. Etraveli conducts a majority of its business in Western Europe and the Nordics. e- Travel, based in
Alternative Asset manager Ares Management closed approximately USD3.0 billion in investments commitments across 67 transactions during the third quarter of 2017.
Accruent/Genstar Capital – Ares served as administrative agent, joint lead arranger and joint book runner for a first lien term loan to support Accruent’s acquisition strategy and to refinance the company’s existing capital structure. Ares also served as administrative agent for a term loan and invested in the second lien term loan in connection with the transaction. Accruent is a leading provider of real estate and facilities management software serving customers across several industry verticals including retail, telecom, healthcare, higher education
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12 November, 2026 – 8:00 am
12 November, 2026 – 5:00 pm
