Phoenix Services International, a steel mill services provider, has acquired Gagneraud Industrie SAS (GI). GI will now be known as Phoenix Services France. Headquartered in France, GI began operations in the early 1900s as a subsidiary of the Gagneraud Group, which was founded in 1880, and is the largest provider of steel mill services in France.  GI has a longstanding strong reputation for providing critical services to steel mills and for being a leading supplier of slag to the construction and building materials industries. Doug Lane, President and CEO of Phoenix, says: “The acquisition of Gagneraud Industrie SAS is an

Troika Ventures, the venture arm of Troika Dialog and venture company, has successfully achieved the first exit from its investment portfolio by selling its share in Evernote Corporation to Sequoia Capital. Troika Ventures was Evernote’s first institutional investor, which has since successfully attracted multiple investment rounds from top tier international and US venture funds, including Docomo Capital, Morgenthaler Ventures and Sequoia Capital.   “Evernote was one of the first companies that we invested in,” says Artyom Yukhin, the head of Troika Dialog’s venture division. “In addition to financing, we provided expertise and assistance at an early stage to bring the

Lyceum Capital-backed M&C Energy Group (M&C), the global energy consultancy, has expanded its US footprint and strengthened its market position with the acquisition of fellow energy consultancy Coleman Hines, headquartered in Phoenix, Arizona. The mid-market growth investor acquired M&C for £22 million in 2010 and, since then, has implemented a rigorous programme of operational enhancement and supported a number of strategic acquisitions.   The deal follows M&C opening its first US office in Atlanta, Georgia and will further help the company to expand in North America.   Coleman Hines, founded in 2000, provides energy consultancy services to a number of

Wellspring Capital Management has acquired ThermaSys Corporation, manufacturer of a wide range of heat exchangers and heat exchange equipment, from an affiliate of Sun Capital Partners, Inc. Financial terms of the have not been disclosed. Founded in 1971 in Montgomery, Alabama as Thermal Components, Inc, ThermaSys has one of the broadest product offerings in the industry, supplying a diverse range of highly engineered, custom-designed heat exchangers and heat exchanger components, including aluminium and brass seam-welded tubing. The Company is uniquely positioned to supply highly engineered heat exchanger products for a wide variety of applications, either as single components or combined

Allied Oil & Gas Services, a cementing and acidizing business headquartered in Fort Worth, Texas, has been acquired by Intervale Capital, a private equity firm focused on investments in middle-market oilfield services companies. With locations in Kansas, Pennsylvania and West Virginia, Allied provides cementing and acidizing services to customers in the Mid-Continent and Marcellus Shale regions. Allied has a broad customer base of exploration and production companies and has distinguished itself as a provider of choice over its 45 year operating history. Wells Fargo & Company provided debt financing to support the transaction. Allied’s operations will be led by CEO

August & Debouzy has advised France Economie Régions (FER) on its bid to take over the French newspaper La Tribune.   France Economie Régions’ majority shareholder, the Hima Group, teamed up with the Hi-media Group, chaired by its founder, Cyril Zimmermann, for the bid.   The business plan consists in combining continuous online news coverage (via a quality website) with the publication of a weekly newspaper every Friday. This was the only bid submitted to the court to plan for the development of both media formats, to ensure greater visibility for the paper. Another important aspect of the bid was the

Private equity firm Warburg Pincus has acquired majority ownership in FacilitySource, a provider of facility maintenance and management solutions to retailers and other multi-site operators. Terms of the deal have not been disclosed. FacilitySource manages over 60,000 facilities worldwide via an elite service provider network, representing over USD1 billion in aggregated spend each year. The company has grown rapidly since taking its solution to market in 2005, averaging 25-30% growth in each year. FacilitySource is poised to accelerate this growth with the backing of Warburg Pincus. "FacilitySource provides a unique value proposition to its customers and continues to innovate in

A company owned by Permira, the European private equity firm, has successfully completed the acquisition of Genesys, a global expert in contact centre technology software, from Alcatel-Lucent (Euronext Paris and NYSE: ALU). Technology Crossover Ventures and certain co-investors of the Permira funds also participated in the transaction. The transaction values the company at USD1.5 billion. With the backing of the investor group, Genesys will continue to provide market-leading contact centre products and solutions to clients around the world while enhancing its core product portfolio and strengthening its offering in the growing areas of cloud computing, analytics, workforce optimization, process workflow