Allocations
Cloudreach, a company majority owned by Blackstone Tactical Opportunities, has acquired professional services firm Emerging Technology Advisors (ETA). Terms of the transaction have not been disclosed.
Cloudreach currently has significant presence in both Europe and North America and serves some of the world’s largest organisations including BP, Hearst Corporation and Volkswagen Financial Services. Following Cloudreach’s acquisition by Blackstone back in February, their joint ambition was to become the leading global software-enabled cloud services provider. Priorities were to invest in software-enablement, application development capabilities and geographic expansion. Last week’s merger with Cloudamize is followed by this acquisition of ETA, which is
One Equity Partners’ portfolio company, All Metro Health Care (All Metro), has completed the acquisition of Independence Healthcare Corp, a provider of non-medical home healthcare services. Terms of the private transaction have not been disclosed.
Headquartered in Worcester, Massachusetts, Independence’s caregiver employees provide a range of homecare services including meal preparation, assistance with personal care, companion care, and transportation to seniors. Independence has provided high quality care giving, improved quality of life and assistance services to an ageing population in Central Massachusetts since its founding in 2003.
“We are excited to welcome Independence to the All Metro family,” says
ArchOver has provided the first multi-channel peer-to-peer (P2P) business loan allowing TLM Technologies to borrow against current and outstanding invoices.
The loan uses two flagship funding models: Secured & Insured and Secured & Assigned. ArchOver launched this new joint model in February 2017, enabling high-growth companies to raise funds against their accounts receivable and contracted revenue.
In May 2017, an initial GBP1.1 million, split between two loans, was funded over the ArchOver platform. The first enabled TLM to exit their invoice discounting facility by providing GBP600,000 as a 12-month Secured & Insured loan secured against its accounts receivable. The
Middle-market private equity firm Wynnchurch Capital has completed the sale of Senco Holdings (Senco) to Kyocera Corporation (KYO), a supplier of cutting tools, industrial ceramics, electronic components, printers, copiers, solar power generating systems, mobile phones and semiconductor packages.
Headquartered in Cincinnati, Ohio, Senco is a designer, manufacturer and marketer of branded fastening tools and collated staples, nails and screws. For over 60 years, the Senco brand has been recognised around the world as one of the leading names in residential construction and industrial manufacturing. Wynnchurch acquired Senco in July of 2009.
Frank Hayes, Co-Managing Partner at Wynnchurch, says: “Senco
Private equity (PE) managers in the US posted their strongest annual returns since 2013 in 2016, while US venture capital (VC) funds performed worse last year than they have since 2008, according to the benchmark indexes of the two alternative asset classes from Cambridge Associates.
The Cambridge Associates LLC US Private Equity Index returned 4.5 per cent for the fourth quarter of 2016 and 12.9 per cent for the full year. The Cambridge Associates LLC US Venture Capital Index meanwhile, posted a return of -0.1 per cent during Q4 2016 and 0.3 per cent for the full year.
“Private
Palamon Capital Partners is to acquire Business School24, the education and training unit of Il Sole 24 ORE, Italy’s leading business newspaper.
Palamon will acquire 49 per cent of the Company at an enterprise valuation of EUR80 million with a call option to acquire an additional 2 per cent in May 2018. The sale agreement has arrangements in place for Palamon to acquire additional equity with Il Sole agreeing to retain a minimum 20 per cent strategic stake in the Company going forward.
Business School24 is a leading player in the tertiary education segment in Italy and provides professionally-oriented education and training. Established
Investcorp has reported ‘significant progress in the execution of its growth strategy’ which produced a healthy level of activity across all its businesses in terms of investments, realisations, fundraising and portfolio performance, for the twelve months ending 30 June 2017 (‘FY17’).
According to the firm’s full year results, Investcorp made a profit for the year of USD120.3 million (FY16: USD90.1million), a 34 per cent increase over the same period last year. Gross operating income was 10 per cent higher at USD421.7 million (FY16: USD383.5 million), reflecting solid performance from core operations, including the newly acquired and fully integrated credit management business. Fully diluted earnings per share for
Funds advised by Bregal Unternehmerkapital have sold their majority holding in enterprise resource planning (ERP) provider proALPHA.
These shares were acquired by the management team and by funds advised by the international investment firm Intermediate Capital Group (ICG). Bregal will remain involved in the further development of proALPHA through a continuing interest. The transactions are pending, subject to approval by competition authorities.
proALPHA is one of the largest providers of ERP solutions for medium-sized manufacturing and trading companies in the DACH Region. Customers use its flexible and scalable ERP solution to control all processes along the value chain. Over
Columbia Pacific Advisors, a Seattle alternative investment firm, is to sell Talyst Systems, a market leader in pharmacy automation solutions based in Kirkland, Washington, to Swisslog Healthcare, asupplier of medication management and supply chain solutions and services.
The sale is a successful exit for Columbia Pacific Advisors’ growth capital strategy, which acquired Talyst Systems, LLC in 2015 and used its deep expertise in domestic and international healthcare management to strategically position the pharmacy automation company. Talyst’s service area of hospitals and long-term care facilities dovetailed perfectly with Columbia Pacific Advisors’ experience.
“We are excited for Swisslog Healthcare and Talyst
KKR is acquiring Covenant Surgical Partners (Covenant) from DFW Capital Partners, Iroquois Capital Group, PineBridge Investments, and other existing shareholders. Financial details of the transaction have not been disclosed.
Covenant is a leading acquirer and operator of ambulatory surgery centres (ASCs) and physician practices. The Company currently provides gastrointestinal and ophthalmic procedures through 37 ASC and physician practice locations across 17 states. Covenant works in partnership with its affiliated physicians to provide value added financial, operational, and ancillary services to enhance business and clinical operations.
“This transaction marks the next stage of Covenant’s evolution,” says Lew Little, Chief Executive
Events
12 November, 2026 – 8:00 am
12 November, 2026 – 5:00 pm
