HowardKennedyFsi, has advised on an offer for subscription to raise a further GBP10m for The City Pub Company (East) PLC and The City Pub Company (West) PLC under the Enterprise Investment Scheme. Prior to the offer, the companies had already raised some GBP13m under the EIS.   The offer, supported by EIS promoter RAM Capital, was fully subscribed in less than two weeks.   Lenny Norstrand, founder of RAM Capital, says: “In all my time as an EIS fundraiser, I have never seen a company close so quickly after launching their prospectus as City Pub Company has recently done.”  

Middle market private equity firm BV Investment Partners’ Fund VII portfolio company, PetroSkills, has acquired Resource Development Company, a provider of e-Learning content and software to the petroleum industry. RDC's ePilot e-Learning content library, which covers disciplines within midstream, downstream and related oil, gas and chemical markets, complements PetroSkills' expansive library of technical content and enhances PetroSkills' digital offering.    RDC also provides a technology platform, ActiveLearner, which strengthens PetroSkills' virtual and hybrid learning delivery capabilities and broadens the range of products and services available to members of the PetroSkills Alliance and to PetroSkills' customers worldwide.    The RDC transaction

Guardian Capital Partners has acquired a controlling interest in McCubbin Hosiery. Guardian partnered with the executive management team of McCubbin on this transaction.   The existing managers will continue operating the company going forward.   Headquartered in Oklahoma City, McCubbin Hosiery is a children’s and women’s hosiery platform with extensive distribution of branded and private label socks, tights, slippers, leg warmers and infant soft sole shoes. McCubbin offers a portfolio of hosiery for footwear brands, complemented by sales of its own label and private label product.   David McCubbin, president of McCubbin Hosiery, says: “With over 60 years of history,

Private equity firm Resilience Capital Partners has acquired the direct sale business of G&K Services through its newly-formed platform company, Affinity Specialty Apparel.  Affinity specialises in selling and distributing of occupational apparel and services, including the design, marketing and distribution of customised and off-the-shelf apparel collections to customers through managed direct purchase uniform programmes.     Affinity is Resilience Capital Partners' first acquisition in the corporate uniform industry and its seventh platform investment for The Resilience Fund III.   "We are excited to be starting our newest platform investment in Fund III.  We believe there is significant opportunity in the

Investcorp has acquired a significant minority stake in Namet Gida Sanayi ve Ticareti, a Turkish producer of fresh cut and packaged processed red meat products. The company sells its products, including soujouk, pastrami, salami, sausages, smoked meats and frozen and ready to eat burgers, to retailers as well as hotels, restaurants and catering companies. All of its products are certified Halal.   Namet was acquired in 2005 by members of the Kayar family, a family involved in livestock trading since 1929, who has since then strongly developed the company and the brand. The Kayar family will retain a majority interest

First Names group has acquired Guernsey trust, funds and corporate services provider Mercator. The acquisition of Mercator, which remains subject to regulatory approval, will expand the group’s presence in the Channel Islands.   This is the fourth acquisition for the group since its management buyout in July 2012 and major rebrand in early 2013.   Boutique fund services business Moore Management and international trust and corporate services providers Basel and Citadel were purchased in January, July and December respectively.   The transaction complements the group’s existing offering, as the trust and corporate services business will be integrated into First Names

Private equity firm American Industrial Partners (AIP) has completed the acquisition of the transportation products division (CTP) of Carlisle Companies Incorporated.  The investment was made out of American Industrial Partners Capital Fund V, a USD717.5m fund that closed in December 2011.   CTP, founded in 1917, is a manufacturer of specialty tyres, wheels and power transmission belts for a range of end markets including the outdoor power equipment, agricultural/construction, high speed trailer and power sports markets.  The company has revenue of approximately USD765m and 4,000 employees across seven manufacturing facilities and 10 distribution facilities located in the US, Canada, Europe

Private equity fund Estancia Capital Partners has closed on its strategic growth capital investment in Snowden Capital Advisors. Snowden represents Estancia’s fourth investment from its inaugural fund Estancia Capital Partners, L.P. Terms of the investment have not been disclosed.   Snowden is a nationally branded, open-architecture, hybrid SEC registered investment adviser and broker-dealer that provides wealth advisory services to individuals, families, and institutional clients. Snowden will use the invested capital to continue recruiting exceptional financial advisory teams in selected markets. Snowden is headquartered in New York City and currently has additional offices in California and Connecticut.   “Estancia continues to