Allocations
Propeller Industries (Propeller), a provider of financial and accounting services for venture-stage companies, has secured an investment from affiliates of Newlight Partners (Newlight), a private investment firm. Terms of the transaction have not been disclosed.
Founded in 2008, Propeller’s core services include CFO-level financial guidance, comprehensive financial reporting and cost-effective accounting, as well as specialised services such as transaction advisory, trade promotions management, and human resources. Propeller’s teams bring deep, industry pattern-recognition and a cloud-based operating platform that equips founders with real-time reporting and analytics. Today, Propeller employs nearly 200 full-time people across six US and two international offices to
Private equity group Innova Capital is to sell its 100 per stake in Trimo, a leading European producer of high quality façade and building envelope solutions, to Kingspan Group.
The parties have not disclosed the terms of the transaction.
Completion remains subject to regulatory approvals and is expected to take place during the fourth quarter of 2020.
“Not only were we able to achieve a very good return, but we have successfully transformed the company from a local champion into a truly international player,” says Andrzej Bartos, Senior Partner, who led the transaction for Innova.
Hg, a global software investor, partner and supporter of the expansion of global tax software provider Sovos for more than four years, is to lead a further, majority investment in the company through the Hg Saturn 2 Fund.
TA Associates, a global private equity firm with more than four decades of software investing experience, will also join as a significant minority investor to support the next wave of Sovos’ growth. Following this new investment, Sovos is poised to continue its geographic expansion, deepen its partner ecosystem, and respond rapidly to emerging tax and regulatory changes around the world.
Sovos has
HSBC Global Asset Management has closed its HSBC Vision Private Equity 2020 Fund at just over USD260 million.
Investors in the fund, which will invest in a number of private equity opportunities from primaries and secondaries to direct co-investments, include HSBC Private Banking and HSBC Global AM’s institutional clients.
The HSBC Vision Private Equity 2020 Fund is a continuation of last year’s programme, which raised 250 million globally. The next in the series of Vision funds is intended to launch in Q4 2020.
The annual programme of Vision funds provides exposure to a global diversified portfolio by geography,
Baird Capital, the direct investment arm of Baird, has acquired an interest in eCube Solutions Limited (eCube), a provider of storage, disassembly and parts re-use and recycling services to global aircraft owners in Europe, the Middle East and Asia, including major airlines and aircraft leasing companies.
Baird Capital’s James Benfield and Andrew Dyer will join the eCube board of directors.
eCube’s primary operations and headquarters are in St Athan, Wales, with a second parking and disassembly facility in Castellón, Spain. Over the past decade, the company has grown rapidly as a leader in accuracy, turn-around and innovation alongside the
Quorum, a public affairs software platform for legislative tracking, stakeholder engagement, and grassroots advocacy, has secured a growth investment from Serent Capital, a San Francisco and Austin based private equity firm focused on investing in high-growth technology and services businesses.Quorum’s software helps public affairs professionals at organisations like Coca-Cola, Walmart, Toyota, the US Travel Association, the Human Rights Campaign, and the Air Force work smarter and move faster with legislative tracking, stakeholder engagement, and grassroots advocacy. Founded in 2014 by Alex Wirth (CEO) and Jonathan Marks (CTO), Quorum is used by thousands of public affairs professionals across all 50 states
Chicago-based private equity firm CORE Industrial Partners’ (CORE) portfolio company Fathom has acquired GPI Prototype & Manufacturing Services (GPI), a metal additive manufacturing services provider.CORE acquired Midwest Composite Technologies in 2018, and FATHOM and ICOMold in 2019. All four companies will be moving forward under the FATHOM brand.
Founded in 2007 as one of the first metal additive manufacturing services providers in the country, GPI uses Direct Metal Laser Sintering (DMLS) to print parts with complex geometries for on-demand manufacturing applications. Utilising a variety of metal powders, including aluminium, stainless steel, tool steel, titanium, inconel and cobalt chrome, GPI
Two of the UK’s four largest Private Equity firms are live on Holland Mountain’s Data Platform.
AST Private Company Solutions (AST PCS) has partnered with Standish Management, a fund administration provider to private equity with over USD130-plus billion under administration. Users of PCS’s Astrella capitalisation (cap) table and ownership tracking platform will be able to integrate relevant ownership data from Astrella to Standish. Standish will use this data to support limited partner (LP) financial reporting and communications, capital calls and distributions and partnership accounting.
Astrella was built by AST PCS, the Silicon Valley-based business unit of ownership data management leader AST, as a new cloud-based software-as-a-service (SaaS) platform to manage private company ownership data. The solution
Genstar Capital, a private equity firm focused on investments in targeted segments of the financial services, healthcare, industrial, and software industries, has appointed Mitch Aiello, who has over 30 years of commercial, technical and operational experience in highly-engineered materials and component manufacturing, to the firm’s Strategic Advisory Board (SAB).Aiello served as Chief Executive Officer of former Genstar portfolio company Boyd Corporation, a market leader in thermal management and engineered materials solutions serving a diverse set of end markets, including mobile computing, consumer and enterprise electronics, transportation, data storage, medical, and aerospace. Under Aiello’s 20-plus years of leadership, the company grew
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12 November, 2026 – 8:00 am
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