High Road Capital Partners’ portfolio company Dowden Medical Communications Group (DMCG) has completed its second add-on acquisition with the purchase of Princeton, New Jersey-based Tricore.   Tricore is a developer of customised learning modules and mobile training solutions for the pharmaceutical and life sciences sectors.   DMCG is a provider of promotional medical education communication services, scientific content development, and related marketing services to the pharmaceutical and biotechnology industries. DMCG completed its first add-on in November 2012 with the acquisition of QD Healthcare Group.   “Pharmaceutical companies are increasingly relying on third-party firms for their professional development needs. Tricore’s expertise in

Arsenal Capital Partners has acquired Arnco, a supplier of polyurethane products.    Arnco is the first acquisition of Arsenal under the umbrella of Dash Multi-Corp, a platform portfolio company focusing on the specialty technologies of polyurethane systems, vinyl plastisols and recycled rubber products.   Established in 1971, Arnco operates through five main business units: Arnco Tire Flatproofing, a manufacturer of tyre flatproofing systems; Arnco Performance Polymers, a manufacturer of high-performance polyurethane systems; Carefree Tire, supplier of an extensive line of light weight solid, micro-cellular polyurethane tires; Arnco Construction Products, which creates flexible and rigid roofing spray foams and UV protective

Rentokil Initial has sold the entire share capital of City Link to BECAP12 Fund (Better Capital), a private equity investor, for GBP1. There are no outstanding conditions required, so completion is effective immediately. The current City Link management team, led by David Smith, will continue to run the business. Better Capital will invest GBP40m in the business to provide more than sufficient funding required by City Link to complete its turn-around plan. City Link reduced adjusted operating losses from GBP31m in 2011 to GBP26m in 2012. First Quarter 2013 performance continued to show an improved trading performance delivering an adjusted operating

European venture capital fundraising in Q1 2013 declined from the levels seen in Q4 2012 and Q1 2012 in both the number of funds closed and capital raised, according to the Dow Jones VentureSource quarterly report.   Venture capital investment into European companies experienced a quarter-over-quarter increase.   Just one venture-backed initial public offering (IPO) was completed during the quarter, the lowest figure since 1Q 2010.   Merger and acquisition (M&A) deal activity also fell from the previous quarter.

KKR Asset Management has entered into an agreement with Uralita and its subsidiary, URSA Insulation, to provide a EUR320m seven-year facility to repay current lenders – both banks and noteholders – and to develop URSA’s pan-European insulation business.   The investment has been made through investment funds managed by KAM’s special situations business.   Uralita is a multinational company of building materials, and its insulation division, URSA, is a European company in the field of thermal and acoustic insulation in buildings. URSA is believed to be well positioned for the growth potential in the insulation market in Europe, based on

Affiliates of Apollo Global Management and Double Eagle Energy have formed a partnership to invest in oil and gas properties in Oklahoma, with a primary focus on the Anadarko and Ardmore Basins. Double Eagle, headquartered in Fort Worth, Texas, has an executive management team led by John Sellers, co-chief executive officer, and Cody Campbell, co-chief executive officer. They manage Double Eagle Development, which has leased more than 500,000 acres across Texas and the Midcontinent.   Campbell says: "John and I are thrilled to have the opportunity to partner with Apollo, and believe that this new venture will provide a great

The First Reserve Energy Infrastructure Fund (FREIF I) and Renovalia Energy have expanded their Renovalia Reserve joint venture with the addition of two wind power plants in Southern Mexico.    The investments diversify the Renovalia Reserve portfolio beyond Europe into North America and nearly double the power capacity of the wind farm assets worldwide. Financial details of the transaction were not disclosed.   “Adding wind power plants in Mexico to Renovalia Reserve’s portfolio is a natural extension of the company’s strategy,” says John Barry, managing director of First Reserve and member of the board of directors of Renovalia Reserve.  “Growth

Mobile recruitment specialist Assured Labor has closed a USD5.5m funding round led by Capital Indigo.   Capital Indigo joins existing investors Great Oaks Venture Capital, Nexus Venture Partners, Kima Ventures, Enzyme Venture Capital, Fabrice Grinda and Jose Marin.   “Our digital recruitment platform is taking off in Mexico and Brazil and we couldn’t be happier to add such an accomplished partner,” says David Reich, founder and chief executive of Assured Labor. “With over 1,000 employers joining Assured Labor each month, this investment will enable us to meet that demand by growing our engineering and sales teams while solidifying our market leadership