Allocations
Pamlico Capital and the management team of Clarity Telecom have entered into a definitive agreement to purchase broadband assets in Rapid City and Sioux Falls, South Dakota from WOW! Internet, Cable & Phone.
Post-close, the Clarity team will continue to provide high-speed broadband, video and voice services to more than 50,000 residential and commercial customers in South Dakota.
Pamlico initially partnered with Clarity’s management team in 2003 to build NewWave Communications, a rural broadband company that grew to serve 160,000 subscribers. After successfully exiting NewWave through transactions with Time Warner Cable (2011) and Rural Broadband Investments (2013), Pamlico partnered
Egyptian investment bank CI Capital Holding (CICH) and alternative asset manager Duet Group have launched the Duet-CIC Egypt Opportunities Fund to invest in the Egyptian economy.
The partners believe that Egypt will position itself as the region’s leading investment destination in the medium-to-long term and have agreed to launch a private equity fund with up to USD300 million of committed capital to invest in Egyptian businesses, injecting growth and buyout capital into the economy. The focus will be on consumer and consumer-related industries.
The alliance will provide an opportunity for international capital to participate alongside domestic investors and will
Funds advised by IK Investment Partners are to sell Minimax Viking to Kirkbi A/S, a Danish investment company, and Intermediate Capital Group (ICG), a specialist asset manager.
Financial details have not been disclosed.
IK acquired Minimax together with the company’s management in June 2006, at a time when the company was a regional market leader in Europe and Germany and ranked third worldwide in its market.
In the past eight years, Minimax has transformed into a global market leader with a fully integrated offering covering fire suppression products and distribution, system integration and services. It has more than
SpotHero, a mobile app helping drivers reserve parking on demand, has secured a Series A investment of USD4.5 million.
The funding round included participation from Chicago Ventures, Bullpen Capital, Battery Ventures, OCA Ventures, Pritzker Group Venture Capital, Lightbank, G2T3V, e.ventures, Draper Associates and 500 Startups.
Mike Gamson of LinkedIn will join SpotHero's board of directors, which includes Sam Yagan (CEO of Match.com) and experienced venture capitalist Sam Guren.
SpotHero's free mobile app for iPhone and Android helps drivers find parking in convenient garages and lots, compare affordable rates and reserve spots in advance. The app helps garages fill
Insurance provider Apsley Specialty has joined forces with Lloyd’s Pembroke Syndicate 4000 to provide capacity for its insurance offering to the alternative asset management sector.
Pembroke, a wholly owned subsidiary of Ironshore Inc, operates as a syndicate within the Lloyd’s of London insurance market and is a provider of specialty insurance coverages, including those pertaining to financial institutions and, in particular, asset managers.
The Alternative Investment Management Directive (AIFMD) now dictates that many hedge fund managers must, for the first time, have professional indemnity insurance coverage in place. Apsley is the first firm in Europe to have designed an
Polaris Private Equity is to sell IT security and infrastructure business AddPro to European private equity firm Perusa.
In 2005, Polaris acquired a majority shareholding in Swedish AddPro, and the company has experienced significant progress through organic growth and an acquisition of the Danish IT company SNEX in 2012.
AddPro is a specialist in the areas of IT security and efficiency in both Sweden and Denmark.
”We founded AddPro in 2000 with a geographic focus on Southern Sweden, and the company grew rapidly and successfully to Gothenburg and Stockholm. In 2012, we established the company in Denmark, and
Osprey Capital’s second investment, following a re-financing of CAERUS Capital, has generated a return of 1.7x capital for investors to date.
Osprey retains a diluted minority holding.
The investment in CAERUS Capital Group, a specialist fund management and advice firm for advisers and consumers, was made in 2009. During this time the company has grown with more than GBP650 million now invested on behalf of clients.
Ronan Kearney, chairman of Osprey Capital Limited, who stepped down from the board of CAERUS Capital in November last year, says: “CAERUS Capital Group has been an excellent investment for Osprey Capital,
Los Angeles-based private equity firm Levine Leichtman Capital Partners (LLCP) has partnered with management to complete the acquisition of Smith System Driver Improvement Institute.
Based in Arlington, Texas, Smith specialises in accident avoidance training for fleet vehicle drivers.
Smith has trained millions of drivers in over 100 countries and in 22 languages through its on-road, classroom, e-learning and new technology-based training and driver improvement programmes.
Smith is the third investment from Levine Leichtman Capital Partners Fund V.
Lauren Leichtman, co-founder and CEO of LLCP, says: "Smith System is a truly unique company offering its customers programs and
Mid-market M&A firm Cavendish Corporate Finance has advised on the sale of The Communications Agency (TCA) to Communisis, a provider of personalised customer communication services.
TCA, which was founded over 25 years ago, is an agency that specialises in brand response and customer relationship marketing. The company’s clients include RBS, American Express, Vue and Argos.
The acquisition offers scope for growth and revenue synergies with the Communisis’ existing client portfolio and the cross-selling of other marketing services in social media, video, digital development and content marketing.
TCA, which is based in London, has 42 employees, all of whom
Private equity firm Palatine has completed the management buyout of Surrey-based seismic consultancy firm The EPI Group.
Palatine is backing the incumbent management team, led by CEO Edward Bowen. As part of the deal Ian Langley, who Palatine backed as chairman of Air Energi, will join the board.
This deal is the sixth investment from Fund II, which held its final close in June 2013 at GBP150m.
EPI is a provider of consultancy services to the energy industry, covering a broad range of technical disciplines including specialist knowledge of seismic quality control. EPI provides consultants whose specialist capabilities, experience and
Events
12 November, 2026 – 8:00 am
12 November, 2026 – 5:00 pm
