Allocations
Private equity firm Resilience Capital Partners has acquired Mill City TEC, a provider of civil and electrical construction and maintenance services to the wireless industry in the Upper Midwestern US, via a newly-formed company, Mill City Communications.
Mill City Communications is Resilience Capital Partners' second add-on acquisition by its Aero Communications investment platform, which it acquired in October 2012.
Aero Communications is a provider of customer-focused technology solutions to broadband and wireless providers, businesses, public venues, government facilities and residential subscribers.
Steven Rosen, co-CEO of Resilience Capital Partners, says: "We welcome the entire Mill City organisation to
JTC Group, an independent provider of private client, fund and corporate services, has acquired a substantial book of private client business from Herald Trust Company Limited, which is no longer part of the Herald Group.
In addition to purchasing the client book, 27 Herald directors and staff based in Jersey have transferred to JTC Group’s St Helier offices, ensuring continuity of service for clients and securing a significant number of local jobs as part of the growth of the wider JTC Group.
Nigel Le Quesne (pictured), group chairman and CEO of JTC Group, says: “The purchase of this book
EquityMetrix, a technology-enabled service provider of big data solutions to land data management issues in the oil and gas industry, has secured a USD5m growth investment from Peterson Partners.
The funding will accelerate the development of new services to help manage oil and gas operating companies, mineral interest owners and energy investors identify revenue underpayments and misallocations.
“Peterson Partners’ deep experience in growth equity investments makes them the perfect strategic partner for us,” says Tom Agnew, CEO and founder of EquityMetrix. “On average, we recover one per cent of total revenue, which has unlocked tens of millions of dollars
Metric Capital Partners (MCP) has completed its new financing facility for Leobersdorfer Maschinenfabrik (LMF), an Austrian headquartered provider of compressor systems.
Headquartered in Leobersdorf, Austria, LMF provides high-pressure piston compressor systems and has leading global positions in niche industrial applications in the oil and gas value chain.
The company is a technological and innovation leader and enjoys strong customer relationships with a well-diversified global customer base, which it has served for more than 60 years.
LMF’s products have a long track record of deployment in extreme conditions such as the production of oil and gas under extreme heat
Signature Group Investments (SGI), in partnership with a private equity group, has purchased a pool of non-performing and performing loans from a New York City based community bank at the end of December 2013.
This transaction is the first portfolio loan sale that this bank has conducted.
Nick Jekogian, chief executive of SGI, says: "Signature prefers doing deals with community banks. There are about 6,800 of them across the US, and many are still holding the liabilities of non-performing loans on their books. SGI's programme allows banks to eliminate these liabilities and the costly burden of managing non-performing assets."
Disclosed clean technology venture investment in Israel during 2013 totalled USD249,935,000 across 13 deals, according to figures Cleantech Group’s i3 market intelligence platform.
There were another seven deals with undisclosed values.
According to data in i3, Israel’s top deals and their investors were:
• Kaiima, an Agriculture company, raised USD65,000,000 from Horizon Ventures, International Finance Corporation (IFC), Infinity Group, Draper Fisher Jurvetson (DFJ), DFJ Tamir Fishman Ventures, Mitsui, Kleiner Perkins Caufield & Byers (KPCB), and Musea Ventures in a growth equity round
• Compass-EOS, an Energy Efficiency company, raised USD42,000,000 from Comcast Ventures, Cisco Systems, Pitango Venture
Private equity firm Encore Consumer Capital has completed the sale of its portfolio company Zuke’s, a marketer of premium dog and cat treats, to Nestlé Purina PetCare Company.
Scott Sellers, managing director of Encore Consumer Capital, says: “Encore is thrilled to have been a part of developing Zuke’s into a leading brand of premium pet treats in the pet specialty channel. While we will miss working with the incredible management team at Zuke’s, we are excited that Zuke’s will continue to offer the highest-quality pet treats under the stewardship of a trusted organization like Nestlé Purina PetCare.”
Zuke’s founder
Bertram Capital has acquired Maxcess International, a provider of guiding, winding, slitting and tension control systems for web fed converting applications.
Headquartered in Oklahoma City, Oklahoma, Maxcess marks Bertram's fifth transaction in the plastic processing industry and second investment in the web handling equipment industry following the 2012 acquisition of Webex.
"Maxcess has established a world class brand and distinguished itself as a technology leader in the converting industry for a wide range of applications including paper, film, flexible packaging, non-wovens and metals," says Kevin Yamashita, a partner at Bertram Capital. "The union between Maxcess and Webex creates a company
OFI InfraVia’s European Fund II, its second European infrastructure fund, has acquired a 24 per cent stake in Régaz – the regulated gas distribution network of the City of Bordeax – from Dalkia France.
Gas distribution in France is regulated by the Commission de Regulation de l’Energie (CrE) under a standard WACC-based rAb regime.
With a RAB of approximately EUR265m, Régaz is France’s largest independent gas distribution company, which operates and services a network of 3,315 km and 210,000 points of delivery.
“Régaz is an excellent gas distribution business enjoying a solid regulatory framework and an attractive investment
Paul Hastings has advised OpenGate Capital in connection with the acquisition of Kem One SAS, the second largest European manufacturer of PVCs, together with the industrial investor Alain de Krassny.
The reorganisation plan of Kem One SAS was approved on 20 December by an order of the Tribunal de Commerce (Commercial Court) of Lyon, after months of negotiations with Groupe Kem One’s principal business partners and support from the French Government to preserve the continued viability of the French petrochemical industry.
Kem One SAS is part of the upstream business activity of Kem One Group. The order also provides for the
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12 November, 2026 – 8:00 am
12 November, 2026 – 5:00 pm
