Allocations
Lithium Technologies, a specialist in cloud-based social media management and online community solutions, is to be acquired by private equity firm Vista Equity Partners.
Lithium’s board of directors has unanimously approved the transaction, although terms have not disclosed.
“This marks a new chapter for Lithium, and the next step in creating the leading Digital Customer Experience company,” says Rob Tarkoff, president and CEO of Lithium. “Our vision of helping brands build amazing digital customer experience at scale remains the same, and we will continue to develop the leading engagement platform to provide more value to our customers. This
Mergers and acquisitions adviser Generational Equity has sold its client Imperial Packaging to Seaboard Folding Box Company, a platform company of private equity firm Charter Oak Equity.
Imperial Packaging, based in Pawtucket, Rhode Island, produces folding cartons, packers, tags and inserts, and headers utilising conventional offset and UV-curable inks and coatings.
The company also offers hot stamping, window patching, and sheet-to sheet laminating for a diverse mix of value-added options including structural CAD design, inventory management and other ancillary services.
“We are motivated to join the Seaboard platform and make this forward expansion of services and technology
Audax Private Equity has completed the sale of Rough Country to private equity firm Gridiron Capital.
Rough Country is a customer-focused provider of suspension lift kits to the off-road SUV and truck market.
Rough Country also offers a full set of off-road products, including shocks, stabilisers, lights, fender flares, and other accessories.
Geoffrey S Rehnert, co-chief executive officer, Audax Group, says: “Rough Country is a leading supplier of suspension systems to the fragmented SUV and truck enthusiast market. The Rough Country team has demonstrated tremendous success in growing the business, and we wish both the management team
Hawksmoor Partners, the London-based specialist in structuring and project management solutions for asset managers and fast-growing companies, has established its first overseas presence in Estonia to work with new clients in the technology sector in the Baltic region and Finland.
Founded in 2013, Hawksmoor Partners has specialised in the provision of support services for small and innovative businesses that are seeking to aggressively disrupt the markets they enter. This has included asset management, agriculture, logistics, envirotech, social media and alternative lending businesses, among many others.
Stuart Fieldhouse, director of Hawksmoor Partners, says: “Despite the Brexit vote, small companies
UK private equity house Maven Capital Partners has invested GBP1 million in ebb3, with the potential for an additional GBP0.5 million of follow-on funding.
ebb3 is a technology services business operating in a niche part of the high performance computing market. It delivers data intensive 3D graphical applications to customers on any device using High Performance Virtual Computers (HPVCs) and its solutions negate the need for businesses to maintain and run traditional fixed location computer workstations across their organisations.
ebb3’s technology is able to drive heavyweight applications for the likes of computer assisted design (CAD) or computer generated
Peapack-Gladstone Financial Corporation, parent company of Peapack-Gladstone Bank, is to acquire New Jersey-based Murphy Capital Management (MCM).
After up front transaction costs, the purchase will be immediately accretive to earnings.
Doug Kennedy, president and chief executive officer of Peapack-Gladstone Bank, says: “We have found what we feel is the perfect match with MCM and are thrilled this leader in the wealth management space, that shares our geography, will partner with us by joining our private wealth management team.”
Founded in 1983 by John J. Murphy, MCM adheres to a sophisticated and objective method to creating wealth and
Private equity firm Irving Place Capital (IPC) has agreed to sell thermal technology company Chromalox to Spirax-Sarco Engineering, a UK-based company specialising in the control and efficient use of steam and other industrial fluids, for USD415 million in cash.
Completion of the transaction is subject to customary closing conditions.
Chromalox is a technology company that delivers temperature management and process heating solutions for customers in a diverse range of industrial markets.
Chromalox was founded in 1917 and is headquartered in Pittsburgh, PA. IPC acquired Chromalox in December 2012.
“It has been a pleasure to work with
Bluebee, a provider of high-performance genomics analysis and storage solutions, and MediSapiens, a biomedical big data curation, management and interpretation company, have formed a partnership to provide customers with analytical solutions for next generation sequencing data.
Sequencing technology is maturing and being optimised for performance, while becoming increasingly affordable. This has opened an era of reliable and foreseeable quality data growth, which demands high computational resources and data storage capabilities to be combined with best in class data interpretation tools.
MediSapiens’ Explorer Platform is now integrated with the Bluebee platform, offering researchers and clinicians the ability to efficiently
Direct Healthcare Group (DHG) has completed its second bolt-on acquisition in 12 months after acquiring Kirton Healthcare, a UK manufacturer of specialist seating products, from NVM Private Equity.
Based in Caerphilly, DHG specialises in the development of clinically effective solutions for harm-free patient care. With 190 employees and turnover of GBP21 million, the group consists of pressure area care business Direct Healthcare Services and bariatric rental specialist, Nightingale Care Beds.
The acquisition of Kirton Healthcare is the group’s second bolt-on since private equity firm NorthEdge Capital supported an MBO in April 2016.
Kirton, based in Haverhill, has
UK private equity investor LDC has exited its investment in international hosting group UK2 in a sale to The Hut Group (THG), one of the world’s largest online health and beauty retailers and brand owners.
The transaction value has not been disclosed.
LDC originally backed a management buyout of the UK2 Group in 2011 from Cloud Group, supporting the expansion of its portfolio of hosting products whilst accelerating the development of its added-value 100TB offering.
The sale does not include UK2 Group’s US based e-sports business, Digital Chaos, which remains under LDC’s ownership.
THG says the
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