Allocations
Kettle safety controls manufacturer and supplier Strix Group has completed a GBP190m equity fundraising and listing on London’s Alternative Investment Market (AIM), in a deal led by independent investment bank Zeus Capital.
Established in 1982, the Isle of Man-based Strix is a global leader in the design, manufacture and supply of kettle safety controls and other water temperature management components. The company has built up market leading capabilities, with an estimated 174 million kettles sold worldwide in 2016 – a 38 per cent global market share.
Strix has enjoyed strong growth in recent years, with its latest financial results
CollabNet, a specialist in enterprise software development and DevOps solutions, and VersionOne (www.versionone.com), which focuses on agile software solutions and services, have merged.
The combined company will offer the industry’s most complete Enterprise Agile, ALM Collaboration, Version Control and DevOps solutions that power application development and delivery for many of the world’s leading businesses and government institutions.
The combined company, which will maintain the CollabNet name, will be headquartered in Atlanta. CollabNet CEO Flint Brenton will serve as CEO of the combined company, and VersionOne CEO Robert Holler will serve as chief strategy officer. Terms of the transaction are
Post Oak Energy Capital (Post Oak), through investment partnerships it manages, has led a USD100 million equity commitment to Nadel and Gussman NV. Affiliates of Nadel and Gussman, LLC and the management team will co-invest alongside Post Oak.
NGNV is a Tulsa-based exploration and production company with an initial focus on the acquisition and development of oil and gas properties in the Haynesville Shale. NGNV is also evaluating additional resource shale plays throughout the United States. The NGNV team is led by industry veterans Jim Adelson and Stephen Heyman and includes Kevin DeLay, COO; Shelley Nichols, CFO; Jim Bucci, VP
British men’s shaving supplier Cornerstone has completed a new GBP3.5m round of investment led by private equity firm Calculus Capital, with e-commerce veteran William Reeve (previously on the boards of Graze, Lovefilm, Zoopla & Paddy Power) joining Cornerstone as adviser.
This latest funding round takes total capital raised since launch in 2014 to GBP8 million. Previous investors include Quidco CEO Andy Oldham, ex-Jack Wills Chairman Will Hobhouse, Charles Tyrwhitt Chairman Nick Wheeler and ex-President of Levi Jeans Joe Middleton.
Cornerstone was born out of young entrepreneur Oliver Bridge’s personal frustrations with the discomfort and expensive nature of wet
Middle market private equity firm One Equity Partners’ (OEP) portfolio company Resolute Industrial, (Resolute), a Wheeling, Illinois-based provider of cooling, HVAC and compressor equipment rental and remanufacturing services, has completed the acquisition of Tioga HVAC Rentals (Tioga), a supplier of heating and small-tonnage cooling equipment.
Terms of the private transaction have not been disclosed.
Headquartered in Detroit, Tioga provides portable commercial heating, ventilation and small-tonnage cooling equipment, with offices across the Midwest. Established in 1977 as an air heater manufacturing business, the Company has grown its equipment rental capabilities over the last 40 years to become a super-regional provider
International law firm Ropes & Gray has advised Intermediate Capital Group (ICG) on its investment in Blackrock Programme Management (Blackrock PM), a UK-headquartered professional services firm that provides construction consulting and expert witness services for large, international construction and engineering projects.
The deal, which has announced today, involved the GBP161.5 million sale of Blackrock PM from UK private equity firm Dunedin to its management team, with ICG providing both debt and equity financial support.
The Ropes & Gray team was led by private equity partner Helen Croke, with finance partner Malcolm Hitching leading on the debt aspects of the
A company backed by Permira funds is to sell Netafim, a specialist in smart drip and micro-irrigation solutions for sustainable agriculture and other applications, to Mexichem, in an all-cash transaction worth USD1.895 billion.
Mexichem will acquire 80 per cent of Netafim while Kibbutz Hatzerim, the founder, will retain the remaining 20 per cent.
Torsten Vogt (pictured), partner at Permira and Co-Head of Industrials, says: “The Permira funds’ investment in Netafim fits squarely within one of our Industrial Team’s key focus areas – the food value chain – where for more than a decade the funds have successfully invested in
BGF Quoted has provided GBP7 million in funding to AIM-listed Netcall, a provider of technology solutions that help businesses better engage with their customers, to support Netcall’s acquisition of Beringea-backed MatsSoft Limited, a cloud-based software provider.
The investment was transacted via BGF’s most recently opened regional office in Milton Keynes.
Headquartered in Hemel Hempstead, Netcall has more than 700 customers in the private and public sector including NHS Acute Health Trusts, BT, Lloyds Banking Group, Axa and Interflora. The company’s product suite incorporates omni-channel contact centre, workforce optimisation and business process management, delivered through its integrated platform, Liberty.
Private equity group Bridgepoint is to acquire Miller Homes, one of the UK’s largest housebuilders, in a deal worth GBP655 million from funds managed by GSO Capital Partners.
Established in 1934 and the largest privately-owned housebuilder in the UK, Miller Homes has a strong regional footprint through three divisions (Midlands & South, North, and Scotland) and a reputation for delivering quality, family homes in desirable and high demand locations. The company focuses on sustainable developments on the edge of urban or suburban areas, typically within 45 minutes of the nearest largest town or city and is recognised for providing outstanding
The Rohatyn Group (TRG), a specialised asset management firm focused on emerging markets, is to acquire GMO Renewable Resources (GMORR); a joint venture between global investment management firm Grantham, Mayo, Van Otterloo & Co (GMO), and GMORR’s principals, investing in forestry and agriculture opportunities.
Under the agreement, the team from GMORR is expected to move, intact, to TRG. GMO, which currently owns 51 per cent of the GMORR joint venture, with the GMORR principals owning 49 per cent, will retain its investments in funds managed by GMORR.
Founded in 1997, GMORR provides investment opportunities in forestry and agriculture investing.
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