Allocations
IK Investment Partners’ IK 2007 Fund is to sell GHD GesundHeits to Nordic Capital Fund VIII.
The parties have agreed not to disclose the financial terms of the transaction.
GHD, headquartered in Ahrensburg near Hamburg, is the market leader for homecare services in Germany, providing medical products and services to more than 140,000 patients.
Following IK’s acquisition of a majority stake in GHD in 2010, the company has continued to strengthen its position as an integrated provider of homecare services to patients with serious diseases. Under IK’s ownership GHD has almost doubled its sales from EUR284m in 2010
Legal practice Norton Rose Fulbright has advised financial service private equity firm AnaCap Financial Partners on its buyout of AssurOne Group, a French digital insurance broker.
Under the terms of the deal, funds advised by AnaCap and AssurOne’s management team have acquired 100 per cent of AssurOne Group from financial investors Seventure Partners and Bpifrance, who have supported the growth of the business since 2006 and 2008 respectively.
Norton Rose Fulbright advised AnaCap on the acquisition and equity arrangements and their team was led by corporate partners Richard Bull (London) and Bénédicte Denis (Paris), both of whom were supported
Clearlake Capital Group has completed the acquisition of ConvergeOne, a provider of communications solutions and managed services.
Terms of the deal have not been disclosed.
ConvergeOne offers one source for multivendor solutions – from initial design and implementation through ongoing consulting, technical support, and managed services across the spectrum of IT, contact centre solutions, and unified communications.
ConvergeOne maintains strategic relationships with global solution leaders, including Avaya, Cisco Systems, IBM, Interactive Intelligence and Microsoft. It has more than 4,100 customers, including 46 per cent of the Fortune 100 companies.
“As global opportunities continue on a strong trajectory,
Prevalent has received a USD4 million growth equity investment from Fulcrum Equity Partners, a private equity firm headquartered in Atlanta, Georgia.
The investment funds will be used to grow and expand Prevalent’s sales, marketing and technical teams, as well as advance its third-party risk and vendor threat management technologies.
Prevalent also plans to use the capital to accelerate its proprietary professional services, which are targeted at helping businesses adhere to compliance requirements and industry standards.
Under the new agreement, the company’s chief technology officer and co-founder Norman Menz and chief executive and co-founder Jonathan Dambrot will continue to
Nordic Capital Fund VIII has invested in AniCura, a Nordic operator of companion animal hospitals and veterinary clinics.
With the support of Nordic Capital, AniCura will be strengthened for the next phase of its development, through continued expansion of the business.
AniCura is currently owned by a large number of staff, the Foundation Djursjukhus i Stor-Stockholm and the Swedish investment firm Fidelio Capital. All parties will remain significant co-owners together with Nordic Capital. Through Nordic Capital’s co-ownership, resources will be made available for, among other things, establishing a new veterinary specialist neurological centre at AniCura Albano Animal Hospital in
An affiliate of private equity firm HIG Capital has sold its portfolio company Vaupell Holdings to Sumitomo Bakelite for USD265 million.
Headquartered in Seattle, Vaupell develops and produces thermoplastic and composite solutions to the aerospace industry as well as niche commercial and medical applications.
“HIG has been a tremendous partner to Vaupell and has been instrumental in helping us establish and execute our growth strategy,” says Joe Jahn, chief executive officer of Vaupell.
"We are very proud of what we have accomplished together with the Vaupell management team,” says Jeff Zanarini, a managing director of HIG. “The company
Financial services private equity firm AnaCap Financial Partners has completed the buyout of AssurOne Group, a French digital insurance broker.
AssurOne specialises in the online distribution and management of personal insurance products, including motor and home policies.
Under the terms of the agreement, funds advised by AnaCap and AssurOne’s management team will acquire 100 per cent of AssurOne Group from financial investors Seventure Partners and Bpifrance, who have supported the growth of the business since 2006 and 2008 respectively.
Founded in 2004, AssurOne Group initially focused on the direct sale of insurance products as a single carrier supplier.
Ares Management’s private equity group has signed definitive agreements to acquire BBOG II Guarantor from EIG Management Company and Tailwater Capital, on behalf of their respective managed funds.
BlackBrush has a history of acquiring and developing oil and gas assets across South Texas, which is one of the most productive oil and gas basins in the US. With new capital provided in conjunction with the transaction, BlackBrush plans to further develop its more than 160,000 net (360,000 gross) acre position.
The transaction is expected to close in the third quarter of 2014 and is subject to customary closing conditions.
8 Miles, a pan-African private equity firm, has purchased a stake in Ugandan agribusiness Biyinzika Poultry International Ltd (BPIL) for an undisclosed consideration.
BPIL was established in 1990 and is the Ugandan market leader in the sale of poultry Day-Old Chicks (DOC) and specialised poultry feed, which is produced at its recently constructed feed mill and storage facility in Katega, Uganda.
The company has 21 outlets around Uganda and produces approximately 500,000 DOC per week.
Doug Agble, partner at 8 Miles, says: “The current market is fragmented with a few niche players and the investment from 8 Miles
Private equity firm Genstar Capital is to sell Evolution1, a specialist in consumer directed health (CDH) payments and technology, to WEX Inc for USD532.5 million.
Evolution1 provides software, payment and mobile solutions that administer and manage consumer directed healthcare accounts. The company's administrative software solutions, driven by patented technology, allow more than 10 million consumers to spend electronically through prepaid funds in CDH accounts such as Health Spending Accounts (HSAs), Flexible Spending Accounts (FSAs), Defined Contribution, and more.
Evolution1's cloud-based solutions provide a single end-to-end user experience that reduces costs, saves time and simplifies the business of healthcare. Through its
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