Private equity firm Arsenal Capital Partners’ portfolio company WIRB-Copernicus Group has acquired Research Dataware, the software developer and provider of IRBNet, an application supporting institutional review boards (IRBs). Based in Massachusetts, Research Dataware enables research organisations to comply with regulations and efficiently manage the process and documentation complexities required by federal and state regulations.  Launched in 2005 as a web-based, software-as-a-service (SaaS) application, IRBNet is now the most widely used electronic solution for managing the research compliance practices of institutions that conduct clinical research. IRBNet has more than 90,000 users within 1,700 hospitals, research sites, defence department facilities, universities and

Georgia Oak Partners has made an investment in TeamOne Logistics, a provider of workforce solutions to companies with transportation or warehousing related functions. Founded in 2003, TeamOne specialises in employee services, including recruitment and screening, training and development, benefits, risk management and compliance. With approximately USD50m in revenue, TeamOne has more than 750 employees across 26 states. Georgia Oak is partnering with the existing management of TeamOne Logistics, including founder Jerry Gray. A 30-year veteran in the transportation and logistics industry, Gray continues as president of TeamOne. “The Georgia Oak partnership is an exciting next step for us and will

Water Street portfolio company Sarnova, a distributor of healthcare products in the emergency medical services and acute care markets, has acquired DXE Medical. The acquisition extends the company’s portfolio of resuscitation equipment, and expands its services into maintaining, repairing and recertifying EMS and acute care equipment. “As a market leader, we have been looking at new ways to support health care providers who are operating under increasingly constrained budgets. Adding repair and recertification capabilities to our menu of services enables us to become a long-term partner to our customers in helping them care for and maximise the life of their

Wisdom Capital Partners has partnered with Stanwich Partners and Ironwood Capital to acquire privately-held Advanced Recycling Systems (ARS) of Lowellville, Ohio. Founded in 1991, ARS designs and manufactures patented equipment used in the collection, recycling and removal of dust and debris generated in industrial environments. ARS offers a proprietary line of products including steel grit recyclers and dust collectors for the bridge painting, municipal water tank, shipbuilding and industrial market segments. "ARS is well positioned for future growth as an aging infrastructure in the US continues to require significant investment and attention. There is also a growing need for environmentally-friendly

Endurance Resources has secured a USD100m growth equity commitment from Lime Rock Partners, an energy-focused private equity firm. The capital will allow Endurance Resources to acquire producing and development assets currently operated by the Endurance team and to pursue additional opportunities in the Bone Spring oil play in Lea and Eddy Counties, New Mexico. Endurance Resources was founded by Don Ritter and Garrett Smith. With the initial investment of Lime Rock Partners’ commitment, Endurance Resources will continue the development of its producing oil properties, Bone Spring acreage, and other plays in the Delaware Basin. Ritter says: "Over the last five

The Riverside Company has invested in Bohemia Interactive Simulations, a developer and provider of games for training technology and interactive simulation systems sold to defence, emergency and mission-critical customers.  Bohemia supplies the US Department of Defence, UK Ministry of Defence, Australian Defence Force and a range of other international clients. Bohemia’s flagship product, Virtual Battle space 2 (VBS2), is the de-facto industry standard within its segment.   VBS2 is a fully interactive, three-dimensional training and simulation system suitable for a wide range of military or commercial training and experimentation purposes, particularly for tactical training and mission rehearsal scenarios.   Bohemia

European private equity firm Silverfleet Capital is to acquire A/S Cimbria, a manufacturer of equipment and processing lines for handling and processing of seed and grain, for DKK1,025m (EUR137m).  Completion, which is subject to obtaining clearance from the competition authorities, is expected to occur within the next few months.  The transaction is Silverfleet’s second investment announced within the past few weeks, having also completed the acquisition of La Fée Maraboutée, a French wholesaler and retailer of women’s fashion, for EUR65m on 14 December.   Cimbria, headquartered in Thisted in Denmark, is a global manufacturer of equipment used for either seed

North American deal flow reached a post-Lehman high in 2012, according to data from Preqin. This contributed to strong global deal flow recorded in 2012, with 2,866 buyout deals announced valued at USD254.6bn. This nears the global post-2008 highs of 2011, which witnessed USD264.8bn globally from 2,900 buyout deals. Compared to 2010, global deal flow in 2012 represents a 14 per cent increase in the number and a 15 per cent rise in the value of buyout deals. North America also witnessed a post-Lehman high in 2012 in relation to exits, with USD147.1 worth of exits taking place in the