Allocations
Darshan Patel, Chairman & Joint-Managing Director, and Dipam Patel, Joint-Managing Director of Indian personal care and beauty products company Vini Cosmetics, and Sequoia Capital, are to sell a majority stake in the Company to KKR for approximately USD625 million.
The Co-Founders will continue to hold a significant stake in Vini and collaborate with KKR in the next phase of the Company’s growth. In addition, existing investor WestBridge Capital will acquire a further stake from the Founder Group to increase its shareholding in Vini.
Founded in 2010, Vini manufactures, markets and distributes its branded deodorants, cosmetics and toiletries through its flagship
Mid-market private equity firm LDC has invested GBP13 million in digital media company Hybrid. LDC’s investment will support Hybrid’s existing management team to grow and develop the business organically and explore targeted acquisitions.
Adenia Partners, a private equity firm investing in Africa, has acquired a majority stake in Herholdt’s, a leading distributor of low-voltage electrical products and solar products in South Africa. Financial terms of the transaction have not been disclosed.
Established in 1964, Herholdt’s operates in Bloemfontein, Kimberley and George, and has recently opened branches in Johannesburg and Cape Town.
Herholdt’s supplies a broad product portfolio of 10,000-plus items to professionals – such as installers, contractors and resellers – as well as end-users. Herholdt’s originally focused on the sale of electrical equipment such as cabling, switches and sockets, as well as lighting.
Wheelhouse Advisors, a provider of prudential management, regulatory reporting and accounting, tax and HR support to the financial services sector, has partnered with ThinCats, a funding specialist for the mid-market.
Inflexion has acquired ANS, a provider of digital transformation and cloud managed services.
ANS and existing Inflexion investment UKFast will be brought together under one parent group to address the rapid market growth opportunity for digital and cloud services. The group will combine ANS’s public cloud, DevOps, applications and data expertise with UKFast’s leadership in private cloud, hosting and security, to create the UK’s independent leader in secure cloud-led digital transformation across the public and private sectors.
Each business will continue to operate under its existing brand, while offering customers the full portfolio of offerings from across the extended group.
Private equity investment firm Growthdeck has closed a GBP4.3 million fundraise for the new bar group Maven Leisure, completing the investment firm’s largest single raise.
Maven Leisure is looking to open at least seven premium bars in central London supported by this funding. The fundraise has been structured as GBP2.3 million in EIS-qualifying equity and GBP2 million in mezzanine debt. It will be used to take advantage of very favourable conditions for acquiring prime landmark London sites.
Maven’s group of bars will be anchored by a landmark new rooftop site on King William Street in the City of London, featuring
FSN Capital Partners (FSN) has held the final closing of FSN Capital VI (Fund VI) at EUR1.8 billion. The fund was oversubscribed and closed above its original hard cap.
With the new fund, FSN has grown significantly since FSN Capital V closed in 2016 at SEK9.62 billion (EUR985 million). Fund VI will continue FSN’s proven investment strategy of targeting control buyout investments of mid-sized companies operating in Northern Europe.
Fund VI builds upon FSN’s strong and supportive existing investor base whilst also attracting a substantial number of new investors from around the globe. Despite the challenging backdrop of an unprecedented
Affordable Water Heaters and Plumbing (AWHAP), a portfolio company of private equity firm Dubin Clark, has completed the acquisition of Temperature Control, Inc. Financial terms of the transaction have not been disclosed.
AWHAP, headquartered in Valencia, California, is a leading in-home provider of water heater and plumbing services, including same-day water heater replacement, repair and installation of gas and electric water heaters, installation of tankless water heaters, and ancillary water heater and plumbing services. AWHAP has established a reputation for expertise, workmanship, and honesty in the water heater installation industry that sets them apart in the market. Dubin Clark initially
BGF has exited its investment in Cennox – a provider of services to the ATM sector. The business has been acquired by US-based investment firm, York Capital.
BGF first invested GBP3 million in Cennox in June 2012 and subsequently put in three follow-on rounds into the business, taking total investment to GBP17 million.
Founded in 2006, Cennox provides integrated services and solutions to the financial services, commercial, retail, and transportation industries. Cennox is a leading independent, multi-vendor service provider to cash automation machines and self-checkout kiosks. The Company’s global operations span 1,500 employees that cover the United States, United
TA Associates, a global growth private equity firm, has made a significant minority investment in global financial services provider Apex Group Ltd (Apex).
Apex is majority-owned by Genstar Capital, a private equity firm focused on investments in targeted segments of the financial services, healthcare, industrials, and software industries. The investment reinforces Apex’s strength as a leading financial services provider to investors, financial institutions and corporates.
Founded in Bermuda in 2003 by CEO Peter Hughes, Apex Group is a global financial services provider to asset managers, financial institutions, family offices and corporates. Apex has continually improved and evolved its capabilities
Events
12 November, 2026 – 8:00 am
12 November, 2026 – 5:00 pm
