Allocations
Salveo Capital has re-launched Salveo Fund I with the addition of managing directors Michael Gruber and Jeffrey Howard and director of fund operations Achint Prabhat to the existing team of partners Alex Thiersch and John Dohm and director of communications Eric Atienza.
Salveo is a venture capital fund with offices in Chicago, Illinois, that will invest in emerging growth companies within the cannabis sector. The addition of the new team members brings investment, fund management, capital markets and due diligence experience to complement the existing team.
Gruber has over 20 years of experience working with early stage investments, particularly
Platte River Equity has acquired CTS Engines in partnership with the CTS senior management team.
Headquartered in Fort Lauderdale, Florida, CTS provides a full spectrum of maintenance, repair and overhaul (MRO) services for established engine platforms, specialising in the overhaul of the General Electric CF6-80C2, CF6-80A and CF6-50 engines, as well as the Pratt & Whitney PW2000.
CTS also performs developmental testing on next generation aerospace engines utilising the highest thrust independent commercial test facility in the world, located in Jupiter, Florida.
CTS will continue to operate out of its two Florida-based facilities.
The investment by Platte
Inflexion portfolio company British Engineering Services, an engineering testing, inspection and certification business, has acquired material testing consultancy Nortest Limited.
Inflexion says the deal will strengthen British Engineering Services’ ability to provide its customers with premium quality engineering testing, inspection and certification services throughout the UK and the Republic of Ireland by adding a comprehensive range of non-destructive testing, positive material examinations and welding certification services.
Stewart Kay, group CEO at British Engineering Services, says: "I’m extremely proud to announce today our first acquisition as British Engineering Services. We are a relatively new business, but we have a long
Clearwater International has advised the shareholders of Chase Search and Selection Limited (CHASE) on its recapitalisation with investment provided by Vespa Capital.
The business, established in 1998 by Chris and Judy Phillips, started life as a permanent recruitment agency serving the pharmaceutical sector. Today, CHASE is the largest independent recruitment and contract sales organisation (CSO) in the UK providing specialist nursing and sales and marketing personnel to pharmaceutical, biotech and healthcare customers.
Vespa will support CHASE’s continued development; with investment in existing and new personnel and systems to promote further growth. It will also assist the company in its
European tech financings have cooled since early 2015, while European tech exits remain strong and M&A deal sizes are approaching US levels for the first time ever, according to Magister Advisors’ H1 report – The State of European Tech up to Brexit.
The cooling of European late stage financings reverses a five-year trend of ever-larger financings that have fuelled the next generation global challengers who are choosing to compete from Europe.
Companies as diverse as Delivery Hero, Transferwise, Blablacar, Spotify and Supercell have emerged as potential European “unicorns” attracting unprecedented interest, and money, from international investors.
This has
Discovery platform Taboola is to acquire ConvertMedia, a fast-growing native video advertising company.
Following the acquisition, ConvertMedia's video technology will fully integrate with Taboola's data and personalisation engine, currently reaching over billion people a month, to help publishers deliver relevant and viewable experiences to the right user at the right time.
With the acquisition of ConvertMedia, Taboola's offering will be positioned to drive better user experiences as well as holistic monetisation for publishers seeking to add high-quality video supply. Using Taboola's personalisation technology, which currently reaches more than one billion unique visitors monthly, Taboola will be able to deliver
Noerr has advised Oddo Seydler Bank on the restructuring of a EUR60 million bond of Singulus Technologies as part of a debt-equity swap which involved issuing new shares and bonds.
The lead partners were Frankfurt-based Dr Laurenz Wieneke and Dr Julian Schulze De la Cruz.
In February 2016, the Singulus bondholders and shareholders approved a comprehensive restructuring plan at the company which provided that the former bondholders should each transfer their bonds to Oddo Seydler as the settlement agent and receive rights to purchase new shares and bonds in return. The former bondholders made use of more than 82 per
Audax Private Equity has partnered with management to acquire RelaDyne from AEA Investors, a private equity firm based in New York.
Terms of the transaction have not been disclosed.
RelaDyne, headquartered in Cincinnati, Ohio, is a lubricant, fuel and diesel exhaust fluid (DEF) distributor providing customers with integrated reliability management services for industrial and commercial businesses. RelaDyne’s distribution platform spans more than 90 locations serving customers across the Central, Mid-Atlantic, and Southern US.
Geoffrey S Rehnert, co-chief executive of Audax Group, says: “RelaDyne is a leader in lubricant, fuel, and DEF distribution and customer service. We look forward
Groupe RG, a portfolio company of private equity investor Abénex, has refinanced its senior acquisition debt and mezzanine with a more flexible and less expensive new debt structure, allowing it to increase its financial capacity to seize external growth opportunities.
The new debt mostly consists of a transferable senior debt provided by the existing banks of the group (LCL, BNP Paribas, Société Générale) together with Crédit Agricole Centre Est as well as the debt fund Artemid.
A deconsolidating factor line was also set up alongside this facility by GE Factofrance.
With a network comprising 29 agencies and warehouses
The gap between top performing endowment portfolios and the median has been wide of late, and a key indicator of better performance is a 15 per cent or greater allocation to private investments like venture capital, private equity and distressed assets.
That's according to research among a universe of 453 university, college and foundation endowments by investment adviser Cambridge Associates.
The research, published in a new Cambridge report, "The 15 per cent Frontier," finds that endowment portfolios with more than 15 per cent allocated to private investments have outperformed their peers consistently, and for decades.
For the 2015
Events
12 November, 2026 – 8:00 am
12 November, 2026 – 5:00 pm
