LTCG, a specialist in business process outsourcing for long-term care insurance, has been acquired by Stone Point Capital, a private equity firm focused on investing in the global financial services industry. This acquisition furthers Stone Point’s strategy of backing companies in the insurance and insurance services sectors.   Originally founded in 1996 as the Long Term Care Group, LTCG is the largest provider of outsourcing and claims management to long-term care insurers in the US. In addition, LTCG provides clients with advanced risk management insight built upon its proprietary long-term care underwriting and claims databases.   “We are very excited

European private equity firm Cinven is to acquire Gas Natural Fenosa Telecomunicaciones (GNFT), the fibre network operator in Spain and Latin America, from Gas Natural Fenosa (GNF) for EUR510 million. GNFT is a neutral telecom operator providing fibre infrastructure and transmission services to telecom operators in Spain and Latin America leveraging the infrastructure of utility networks.   GNFT will continue providing telecommunication services to GNF.    The company has generated strong financial performance with a 13 per cent EBITDA increase CAGR between 2011 and 2013.   The management will be led by Iňigo García del Cerro, who will continue in

Monomoy Capital Partners and Kingsmoor have teamed up to acquire the denim manufacturing operations of Plains Cotton Cooperative Association (PCCA) through American Textile Holdings (AmTex), a newly-created acquisition vehicle. Terms of the transaction have not been disclosed.   AmTex is a designer and manufacturer of both denim fabric and denim apparel products. The company converts raw cotton into denim fabric at the ACG textile mill located in Littlefield, Texas and converts denim fabric into finished jeans at the Denimatrix cut, sew and laundry operation located in Guatemala City, Guatemala. AmTex employs over 2,400 associates at its two facilities and runs

Big Data Partnership has completed a GBP1.25 million round of series A investment from Beringea, an international growth capital firm that manages the ProVen Venture Capital Trusts. Big Data Partnership provides vendor-agnostic big data consulting, training and support for diverse industries including web, financial services, telecoms, utilities, defence and media.  Its client list includes several leading Fortune 500 companies.   Trevor Hope, chief investment officer of Beringea, says: “’Big Data’ is a widely used term; although most organisations appreciate its potential promise they still face adoption and deployment challenges. Demand for big data skills continues to outstrip supply and Big

Syntaxis Capital has provided financing in support of the founders’ buyout and strategic development of Expert Petroleum, through its second mezzanine fund. Expert Petroleum, primarily based in Romania, is an oil and gas services business that partners with some of the largest owners and operators in the oil and gas industries through long term contracts in order to increase production on their marginal and mature fields.   Coupled with the founders’ buyout, funds provided by Syntaxis will support the development of the company’s production-enhancement activities across Romania and internationally.   Aleksander Majewski, the Syntaxis director responsible for the investment, says:

Arma Partners acted as exclusive financial adviser to private equity firm Francisco Partners on the sale of Masternaut Group Holdings to a new joint venture between Summit Partners and FleetCor Technologies. Masternaut is Europe’s largest provider of telematics solutions to commercial fleets. Founded in 1996 and with headquarters in the UK, Masternaut provides a SaaS-based Mobile Resource Management (MRM) application suite which improves its customers’ operational efficiencies.   The company employs over 600 telematics specialists and has over 10,000 customers with over 300,000 assets, vehicles and people connected to Masternaut’s SaaS solutions.   FleetCor, a provider of fuel cards and

Growth equity investor Summit Partners has teamed up with FleetCor Technologies to acquire Masternaut Group, Europe’s largest provider of telematics solutions to commercial fleets, from Francisco Partners. Masternaut’s management team, led by chief executive Martin Hiscox, will continue to operate the business and remain shareholders in the company.   Founded in 1996 and with headquarters in the UK, Masternaut provides a SaaS-based Mobile Resource Management (MRM) application suite for businesses of all sizes to help them achieve greater operational efficiencies through a lowering of vehicle fuel consumption, effective tracking of assets, productivity increases in workforce, reduced vehicle wear and tear,