Allocations
Ecorse Investments, a company indirectly owned by private equity firm Advent International, has purchased 58.61 per cent of EKO Holding Group shares, giving it control of the group.
EKO is one of the largest trading groups in Poland.
First settlements have already taken place. Ecorse now owns 28,492,014 of EKO shares. The tender offer for 100 per cent of shares remains outstanding until 29 October.
Tamas Nagy (pictured), partner at Advent International, says: “Advent is pleased with the successful purchase of a majority stake of EKO Holding by Ecorse Investments. We look forward to working together with the
Wynnchurch Capital has partnered with existing management to make an equity investment in Loadmaster Derrick & Equipment, a provider of onshore and offshore drilling equipment.
Headquartered in Louisiana, Loadmaster has developed expertise in the design and fabrication of derricks and related equipment, which it provides to a global customer base.
Tommy Welsh and Tommy Hebert, the owners of Loadmaster, co-invested in the transaction and will continue to lead the company.
"Our partnership with Wynnchurch will enable us to pursue attractive acquisition opportunities and further develop our growing product portfolio,” says Welsh. “After considering several potential financial partners, Wynnchurch stood out
Resilience Capital Partners, a Cleveland-based private equity firm, has acquired Advanced Communications through its newly-formed entity, Aero Communications Inc (ACI).
ACI is a provider of telecommunications infrastructure services to businesses, individuals and governments.
ACI is Resilience Capital Partners’ first acquisition in the infrastructure services industry and its fifth platform investment in The Resilience Fund III.
“We are excited to partner with ACI, an established business partner to some of the leading telephone and cable television systems in the country,” says Steve Rosen (pictured), co-chief executive of Resilience Capital Partners. “ACI has a well-established franchise, committed employees and valued expertise, providing
Middle market private equity firm American Industrial Partners (AIP) and private markets investment manager Partners Group have sold Micro-Poise Measurement Systems to AMETEK for USD170m in cash.
Micro-Poise, headquartered in Ohio, is the world’s largest provider of integrated test and measurement solutions for the tyre industry in both developed and emerging markets.
AIP and Partners Group teamed to acquire Micro-Poise from Illinois Tool Works in April 2007.
The company’s test and measurement products are used to measure the balance, uniformity, and geometry of both tyres and tyre and wheel assemblies. Micro-Poise operates four manufacturing facilities in the US, Europe, and
The Champ III Funds, advised by Champ Private Equity, has completed its acquisition of Gerard Lighting Group.
In July 2012, a scheme implementation agreement was executed between an entity owned by the Champ Funds and the board of Gerard Lighting.
Completion today follows the approval of both Gerard Lighting shareholders and the Federal Court of Australia.
Gerard Lighting is an Australian lighting manufacturer and distributor, with international operations in New Zealand, India, the Middle East, the UK, Indonesia and Malaysia. The company targets all segments of the lighting industry through brands including Pierlite, Sylvania and Crompton.
John Haddock, Champ managing
An affiliated investment fund of private equity firm Lightyear Capital’s Lightyear Fund III, and institutional co-investors, are to make a controlling investment in Cooper Gay Swett & Crawford (CGSC).
The transaction is expected to close in the fourth quarter of 2012, subject to required regulatory approvals and closing conditions.
CGSC is one of the largest global wholesale insurance and reinsurance brokers placing over USD3.5bn in premiums for clients in the London, US, and international insurance markets. Headquartered in London and employing more than 1,400 staff across 60 offices worldwide, CGSC specialises in hard-to-place insurance policies. In 2011, CGSC reported revenues
XAnge is taking a GBP1.2m equity stake in the FX Capital group, a London-based UK company operating under the name of The Currency Cloud.
Established in 2011, The Currency Cloud is the provider of an automated, cloud-based currency conversion and international payments service.
The Currency Cloud is currently finalising the reorganisation of its equity ownership base after raising GBP4.5m in 2012. XAnge Private Equity, which is investing via its XAnge Capital 2 fund, is joining Atlas Venture, Notion Capital and Anthemis.
Hervé Schricke, chief executive at XAnge Private Equity, will sit on the board of directors, alongside Fred
Ecofin Water & Power Opportunities (EW&PO) has entered into a binding agreement to sell its 81.1 per cent holding in Ecofin Energy Resources (EER) for new shares in Amadeus Energy.
EER is EW&PO’s largest investment and is active in US unconventional oil and gas production through its Texas based wholly-owned subsidiary Lonestar Resources.
Amadeus is an Australian oil and gas company listed on the Australian Stock Exchange with virtually all of its assets in Texas. Amadeus will acquire 100 per cent of EER’s capital for newly issued shares. Following completion of the transaction, Amadeus will change its name to Lonestar
PineBridge Investments has acquired an additional 25 per cent stake in Promedica24, bringing its total holding in the company to 75 per cent.
Promedica24 is a provider of household services and care for the elderly in Poland and Germany. The company is headquartered in Poland and has approximately 4,000 employees as of 30 September 2012.
“We are excited to announce our increase in ownership in Promedica24. The company is growing very rapidly and is continuously strengthening its market position in Poland, Romania and Germany. We see further opportunities for expansion and to create long-term value,” says Artur Haze, director of
Salus Capital Partners has provided a USD65m Debtor-in-Possession (DIP) credit facility to HMX Group, a designer, manufacturer and marketer of men’s and women’s business and leisure apparel.
The DIP financing will be used by HMX Group to provide working capital as the company operates under Chapter 11 of the US Bankruptcy Code.
“We are pleased to provide a DIP facility to HMX Group that provides the company with the liquidity, time and a runway to effectuate a transaction that seeks to maximise value for all of the company’s constituencies – its employees, management, shareholders, vendors, and the estate,” says
Events
12 November, 2026 – 8:00 am
12 November, 2026 – 5:00 pm
