Allocations
Offen Petroleum (Offen), an independent fuel distributor, is acquiring the business assets of Petromark, a motor fuel distributor, and Petromark Transportation, its affiliate trucking company.
Offen is a provider of motor fuel, propane, lubricants, and petroleum logistics services in 23 states in the Midwest and Western US The business combination further expands Offen’s footprint more deeply into Arkansas, Missouri, and Oklahoma.
Petromark is owned jointly by Stephen Lair and Steve Turner and is a significant wholesaler of motor fuels in Arkansas, Missouri, and Oklahoma. The company sells branded motor fuels under the Shell, Phillips 66, Valero, Sinclair, Conoco and
One Equity Partners (OEP), a middle market private equity firm, has sold INTREN, a nationwide specialty utilities contractor primarily providing distribution network services for electrical and gas infrastructure, to MasTec Inc infrastructure construction company, for USD420 million, including a contingent earnout through year end 2021.
Headquartered in Union, Ilinois, and founded in 1988, INTREN’s approximately 2,000 skilled professionals in 14 states across the US provide turnkey contracting services to the nation’s largest electrical and gas utilities, private contractors, municipalities, commercial businesses and cooperatives.
“OEP identified both the utility services industry as an attractive growth market and INTREN as a leading
Funds managed by Harvest Partners SCF, the non-control private equity strategy of Harvest Partners, have signed a definitive agreement to lead a minority investment in HelpSystems.
HP SCF will join existing investors TA Associates (TA), Charlesbank Capital Partners (Charlesbank), HGGC and HelpSystems employees.
Thousands of organisations around the world rely on HelpSystems’ cybersecurity and automation software solutions to protect important information and automate manual processes.
“With its robust organic growth, successful acquisition strategy and notable customer loyalty, HelpSystems represents an exceptional investment opportunity. We are excited to partner with management, TA, Charlesbank and HGGC to support HelpSystems’ continued
Gen II Fund Services, LLC, an independent private equity fund administrator, has announced that the firm’s assets under administration (AUA) now exceed USD450 billion.
Ropes & Gray has advised NeoGenomics, Inc, a provider of cancer-focused genetic testing services and global oncology contract research services, on its acquisition – including its financing via private placement of equity – of Inivata Ltd, a global, commercial stage liquid biopsy platform company, headquartered in Cambridge, UK.
The acquisition follows a USD25 million minority equity investment by NeoGenomics in Inivata in May 2020, at which time NeoGenomics was granted a fixed price option to purchase the remainder of Inivata for USD390 million prior to December 31, 2021. The cash purchase price will be funded with balance sheet cash and
KPS Capital Partners, LP (KPS) has signed a definitive agreement to acquire Metra Holding SpA and Metra SpA, (collectively Metra), a global manufacturer of extruded aluminum.
The selling shareholders will retain 25 per cent ownership of the company. Upon completion of the transaction, Metra will become the fourth acquisition completed by KPS Special Situations Mid-Cap Fund and KPS’ first Mid-Cap Fund acquisition in the EMEA region.
Metra is a global, vertically integrated manufacturer of extruded aluminum profiles and related value-added services, including painting, oxidation, machining, welding and assembly. The company offers a full range of extruded aluminum profiles, which
IK Investment Partners (IK)’s IK VII Fund has sold its stake in Hansen Protection AS (Hansen Protection) to Survitec Group Ltd (Survitec). Financial terms of the transaction have not been disclosed.
Hansen Protection, with headquarters in Moss, Norway has over 140 years of experience in design and production of textile products safeguarding people, property and the environment. The company is a leading European supplier of immersion suits and protective rainwear used in harsh environments and cold-water areas, as well as a leading Scandinavian supplier of coated textile products for leisure, marine and niche applications. Trusted by defence, marine, energy,
Franz Haniel & Cie GmbH (Haniel) continues with its portfolio transformation and has signed a Share Purchase Agreement with Luxembourg-based Aperam SA (Aperam) to sell ELG Haniel GmbH (ELG).
ELG will be acquired as a complete group and continue to operate as a fully separate company, serving its customers in their best interests. The transaction is subject to the customary regulatory approvals and expected to close in the second half of 2021.
ELG, a specialist in trading, processing, and recycling raw materials for the stainless-steel industry as well as high-performance materials such as superalloys and titanium, has been part
Blisce, a B Corp certified transatlantic growth VC fund that has previously backed ventures including Spotify, Pinterest and Headspace, has launched the new fund Blisce Fund II, with a final target of USD350 million.
Blisce Fund II, which held its first close today at USD150 million, will make investments ranging from USD10 million to USD35 million, in American and European companies on the forefront of new consumer trends. The fund will specifically look for high growth, high impact sectors including anti-food waste providers, and companies who deal with the future of health, micro-mobility, trusted financial services and access to education.
InvestCloud, a specialist in cloud-based financial digital solutions, has acquired Advicent, a cash flow, trust and tax financial planning provider.
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