Allocations
Ipreo Holdings is to be acquired by private equity funds managed by Blackstone and the Goldman Sachs merchant banking division.
The sponsors are acquiring the business from affiliates of Kohlberg Kravis Roberts (KKR), who will retain a minority ownership stake in the business. Terms of the transaction have not been disclosed.
Ipreo is a provider of new issuance software solutions across the equity, fixed income, municipal, and syndicated loan markets, including bookbuilding systems, roadshow and conference management platforms, and electronic document delivery.
Ipreo's suite of investor relations services provides corporate clients with cross-asset class surveillance, shareholder analysis, investor
High Street Capital has sold its investment in BeneSys, a benefits payments processing services company, to The Riverside Company, a private equity firm.
BeneSys provides third party administration and related outsourced software services for Taft-Hartley union trust funds.
The company was advised by KPMG Corporate Finance in connection with the transaction.
"Originally, I structured my relationship to High Street Capital so I could walk away after three years,” says BeneSys CEO George Buhalis. “But, we were together nine years. Why? Because they brought BeneSys multiple resources to not only identify the 'light on the opposite shore' that we needed to head
Mid-market private equity firm LDC has completed a significant investment to support the GBP30m acquisition of Prism UK Medical Limited form Toronto-based TSX Venture Exchange-listed Prism Medical Ltd.
Prism is a provider of safe patient handling solutions that enable the mobility disadvantaged to live at home in a safe and dignified manner, improving their quality of life. In addition to homecare, Prism also has significant business in the long term care and acute care areas.
Prism manufactures and supplies products under a number of market leading brands in addition to offering a range of complementary services including assessment, installation,
Women’s health diagnostic company Concepta has completed a GBP2.3m round of equity financing managed by Diagnostic Capital.
The company was founded off the back of the technology and expertise of former senior Unipath scientists, who were responsible for creating leading brands of digital fertility tests, pregnancy tests and other women’s health diagnostics in the market today, including the Clearblue pregnancy tests.
Concepta will now develop and market a novel diagnostic device for the simple and accurate testing of fertility, pregnancy and early stage healthy pregnancy monitoring.
In addition, appointments to the board and management team have also been
Mobeus Investments has partially realised its investment in VSI Limited by selling one of the firm’s two operating businesses, MachineWorks Software, to Westec Holding Company.
The value of the deal has not been disclosed.
Mobeus backed the management buyout of VSI back in 2006.
Based in Sheffield, MachineWorks is a developer of simulation and verification toolkit technology used in computer-aided manufacturing. The firm’s software products simulates machining and helps manufacturers to avoid expensive production mistakes which could cause expensive raw materials to be scrapped or production runs to be disrupted.
Eirc Tung, partner at Mobeus and non-executive
More than 200 jobs have been saved after Enact, the GBP7.5m SME fund launched by private equity house Endless, agreed to buy 35 West Cornwall Pasty Company outlets and stores, together with the brand.
The deal follows the appointment of administrators over the company.
The investment in West Cornwall Pasty Company is the first completed by Enact and comes just three months after the fund’s launch. Enact has been supported in the transaction by Sankaty Advisors.
Enact has ambitious plans for the business with significant capital to be invested in refreshing the brand, product innovation and investment in
Sub-investment grade corporate credit specialist Alcentra, part of BNY Mellon, has invested in Menix Groupe, the holding company for healthcare firms Serf, Dedienne Santé and Global D and a manufacturer of orthopaedic and dental implants in France.
The funding takes the form of a unitranche investment provided by funds managed by Alcentra and will support the buyout by funds advised by LBO Partners in association with Turenne Investissement and Keensight Capital.
The unitranche investment will provide capital for the growth strategy of Menix.
Frédéric Méreau, executive director, European direct lending and mezzanine investments will represent Alcentra on the
Calibration services specialist Trescal has acquired Instrument Calibration Services and Test Equipment Repair Corporation, with the support of majority shareholder private investment firm Ardian.
The two companies provide calibration and repair services for a wide variety of measurement and test equipment.
This is the fourth expansion since Ardian acquired Trescal in July 2013.
Instrument Calibration Services and Test Equipment Repair Corporation — both based in Atlanta, Georgia — generated roughly USD4.2m in sales last year and have 24 employees including 18 engineers. The terms of the deals are not disclosed.
“The acquisition furthers our growth strategy in
Content management and web experience management software provider Ektron has closed a growth equity funding round led by Accel-KKR.
This minority investment, the company's first institutional round, will enable Ektron to accelerate product and company expansion as enterprise demand for its content management, marketing and web experience management software offerings continues to grow.
Terms of the deal were not disclosed.
"We're entering a new era where businesses and people experience content across the web and mobile devices in entirely new ways," says Ektron president Tim McKinnon. "Ektron is at the forefront of helping to power these new
Jafco Ventures has raised USD260m for its fifth and largest fund to date, Jafco Technology Partners V.
In contrast to its prior four funds where Jafco received all of its capital from its limited partner in Japan, Jafco Co Ltd, the new fund features over 20 new limited partners consisting of institutional investors, endowments, foundations and family offices.
"The consistency of our successful exits as a firm enabled us to attract a very high quality mix of new LPs," says Joe Horowitz, Jafco's managing general partner. “But our overall performance is due in no small part to the extraordinary
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