Plastics specialist Wells Plastics has received a GBP1.5m follow-on investment from private equity house Key Capital Partners and current shareholders. Staffordshire-based Wells Plastics will use the additional funding to invest in new machinery to increase production capacity and offer more flexible production. Following the funding, the business is planning to increase output by around 25 per cent to support its growth plans.   Reverte, Wells Plastics’ line of oxo-biodegradable and degradable additive masterbatches and compounds, is one factor driving the increase in demand. After recent contract wins with a number of blue chip companies, sales volumes of Reverte have increased

OFI InfraVia’s first infrastructure fund, InfraVia, has completed the acquisition of a 55 per cent interest in ADTiM previously owned by ETDE, Axione and Eiffage. The remaining 45 per cent interests are held by Caisse des Dépots (30 per cent) and ETDE/Axione (15 per cent). Senior project financing debt has been has also been successfully raised from groupe Crédit Agricole to finance the acquisition. ADTiM is the owner and operator a fibre optic network operating under a 25-year concession with the departments of Drome and Ardeche. Axione (a subsidiary of bouygues Construction SA) will remain in charge of operating and

SR Labs, a provider of electronic-trading solutions for the global financial services industry, has completed a USD53m investment from Insight Venture Partners. SR Labs plans to use the capital to expand its sales and marketing operations, to accelerate its growth outside of North America, and to continue to fund product innovation. To further those goals, SR Labs has opened a new development centre in Pune, India, to support its customers in Asia Pacific and Europe, where systematic trading is growing rapidly. Srinivasan Ramiah, founder and chief executive of SR Labs, says: "We are excited to have Insight as a partner.

Private equity firm MidOcean Partners has acquired a majority equity position in Agilex Flavors & Fragrances, a creator and manufacturer of fragrances for use in consumer products.  Agilex was previously owned by Nautic Partners, a middle market private firm.  Headquartered in Piscataway, New Jersey, Agilex was created by combining several unique fragrance houses with diverse strengths and capabilities. Agilex is a provider of fragrance compounds and delivery systems sold primarily to manufacturers of air care, personal care, industrial and institutional and household products. The company’s facilities include production facilities in Georgia, New Jersey, and China along with a Creative Center

Merseyside-based Ultromex has secured GBP550,000 funding from The North West Fund for Energy & Environmental, managed by CT Investment Partners. Ultromex has developed processes for the recovery of high-value metals from electronic and industrial waste products. The company, which was founded by Jonathan Quinn and Harry Middleton in 2011, aims to increase turnover to GBP10m by 2016. The business works in partnership with global metal recycling and industrial businesses, helping them to recover high-value metals more efficiently while significantly lowering energy use and emissions. The company is currently commercialising processes for the recovery of metals from printed circuit boards, and

Behrman Capital, a private equity investment firm based in New York and San Francisco, has acquired Tresys Technology, a provider of cybersecurity products, services and solutions to government and commercial customers. Financial terms of the transaction were not disclosed. Based in Columbia, Maryland, Tresys offers services and products that address computer network defence, focusing primarily on platform security, assured information sharing and security engineering. Tresys has built its business at the intersection of Linux and information security, two of the fastest growing markets in the IT sector, and is a widely-recognised expert in Security Enhanced Linux. Grant G Behrman, managing

Miller Heiman has been acquired by Providence Equity Partners, a private equity firm focused on media, communications, education and information investments. The investment from Providence will accelerate corporate growth initiatives and further Miller Heiman’s presence in global markets.  Terms of the transaction were not disclosed. Sam Reese, chief executive officer of Miller Heiman, says: "We have always shown a consistent pattern of growth and innovation, including our two recent acquisitions of Channel Enablers and Impact Learning Systems, the addition of the Miller Heiman Research Institute, and the phase-one rollout of our mobile strategy in just the last 13 months. We

Sterling Partners, a growth-oriented private equity firm, has acquired PlattForm Advertising, a provider of marketing and enrolment-management services to colleges and universities. Financial details of the transaction have not been disclosed. PlattForm provides a full suite of marketing services to manage and execute all aspects of a school’s marketing strategy. Through the use of rigorous data and analytics, PlattForm creates, manages and executes mission-critical marketing campaigns for both career schools and traditional colleges and universities. Michael Platt, founder and chairman of PlattForm, is partnering with Sterling in this transaction and will retain an equity interest in the company. “Sterling Partners

PureCars has raised USD5m of new equity capital from Gemini Investors and Stage 1 Ventures. This financing will allow PureCars to enhance and expand its services and product offerings to its rapidly growing family of automotive dealerships. PureCars’ mission has been to work alongside automotive dealerships, from single rooftop stores to top nationwide dealer groups, helping dealerships optimise returns on digital marketing and increase sales. PureCars was co-founded by Jeremy Anspach, its president and chief executive. "I’m extremely proud of the PureCars team, what we’ve accomplished, and what is to come,” he says. “I’ve always known our company’s success starts

American Eagle Energy has sold four million shares of its restricted common stock to Power Energy Holdings. The purchase price was USD1.00 per share and the transaction closed on 4 January 2013. The per-share sale price represents an approximate 22 per cent premium to the 31 December 2012 closing price of American Eagle’s common stock. In two other separate agreements, American Eagle granted options to Power Energy Partners, an affiliate of Power Energy Holdings, to purchase 10 per cent of either or both of the two Spyglass Property acquisitions, one of which was announced on 3 January and the other