Allocations
Industrial edge computing platform provider, Litmus Automation, has secured USD7 million in a Series A funding round led by Mitsubishi Corporation.
Litmus Automation’s products LoopEdge and Loop allow businesses to implement Industrial Internet of Things (IIoT) solutions. Working with original equipment manufacturers and other industrial companies, Litmus Automation’s IIoT solutions offer data and device management so companies can optimise how they run their business and how their customers’ businesses operate.
Litmus Automation’s customer base includes Siemens, HPE, Intel and SNC Lavalin.
“We already have key customers and channels scaling up nicely but we are seeing the market expand
Chicago-based private equity firm CORE Industrial Partners (CORE) has acquired Fleco Industries (Fleco), a provider of lighting solutions through multiple brands, including Saylite, Texas Fluorescents Reinvented, Mobern, Lights Fantastic, Lights Fantastic Pro, Lite and LFP Lighting.
Headquartered in Carrollton, Texas, Fleco, which will transition its overall corporate name to Saylite, has two manufacturing locations and four state-of-the-art lighting experience showrooms that provide innovative lighting solutions for a variety of applications. The Company offers one of the most comprehensive selections of LED-based products in the industry, as well as controls and other related lighting products for the commercial, industrial, and premium
Oberberg Gruppe, a portfolio company of private equity firm Trilantic Europe has made its second and third bolt-on acquisitions under Trilantic Europe’s ownership with the purchase of Panorama Kliniken (including Privatklinik Hubertus and Panorama Fachklinik) and Jägerwinkel Privatklinik.
Oberberg is an operator of psychiatry, psychosomatic and psychotherapy acute clinics in Germany with a focus on treatments for depression and addiction. Including the newly acquired entities, the Group has grown from nine clinics at the time of Trilantic Europe’s investment in December 2017 to 13 clinics with over 800 beds in total. Oberberg continues to differentiate itself through a unique therapy
Papier, a direct-to-consumer personalised stationery brand, has secured USD11 million in a Series B funding round led by venture capital firm Beringea.
The investment will enable Papier to accelerate its growth in the US, which already accounts for 15 per cent of the brand’s total revenues, as well as building on its collection of leading design collaborations and expanding its range of innovative products.
Existing investors Felix Capital (backers of Farfetch, Goop and Mejuri), JamJar Investments (the venture capital fund run by the Innocent Drinks founders) and Downing Ventures also participated in the round, which brought the total funds
Healthtech M&A activity saw an increase in the first half of 2019 with a healthy 100 deals inked (11 per cent more than in 2H 2018) and around USD8.3 billion in disclosed transaction value throughout the period, according to Hampleton Partners’ atest global Healthtech M&A Market Report.
Trailing 30-month median valuation multiples reached the highest levels in years, with EV/EBITDA climbing to 17.7x after the low of 13.7x in 2H 2018, and EV/S reaching 3.4x – a new record for healthtech.
Jonathan Simnett, director and healthtech specialist, Hampleton Partners, says: “M&A activity in the healthtech sector underlines a pressing
Avista Capital Partners (Avista), a private equity firm focused on growth-oriented healthcare businesses, has acquired GCM Holding Corporation (GCM) from May River.
Based in Silicon Valley, GCM is a leading outsourced manufacturer of high-precision components and assemblies, providing an integrated platform of manufacturing solutions primarily for the MedTech industry, as well as select Diversified Industrial end markets. Within MedTech, the Company manufactures products for high-growth segments such as robotic assisted surgery, radiotherapy, diagnostic technology, and other vital equipment.
GCM maintains strong and long-tenured relationships with many market-leading OEMs who value the Company’s strong capabilities in highly engineered and difficult
Ford Financial Fund has held the the closing of Ford Financial Fund III with over USD1 billion in commitments. Ford Financial Fund is a private equity fund focused on investments in community banks.
The fund is co-managed by Gerald J Ford and Carl B Webb, who are among the nation’s most experienced and successful investors in and operators of a broad range of financial services companies. The General Partner committed USD155 million of its own capital across Fund II and Fund III, which are both fully invested in Mechanics Bank. Fund II closed in May 2013.
Fund III closes in
Middle market private equity firm Freeman Spogli & Co has held the closing of FS Equity Partners VIII (Fund VIII) at its hard cap of USD1.85 billion in capital commitments.
Fund VIII is the successor fund to FS Equity Partners VII, which closed on total commitments of USD1.3 billion. Commitments to Fund VIII came from a diverse group of public and private pension funds, insurance companies, endowments, foundations, financial institutions and family offices.
“We are grateful and humbled to have received such a high level of interest for Fund VIII,” says Freeman Spogli Co-Founder and Co-Chairman, Ron Spogli. “Our team is deeply appreciative of the
Investcorp, a global provider and manager of alternative investment products, has finalised its acquisition of a majority interest in CM Investment Partners (CMIP), which acts as the investment adviser to Investcorp Credit Management BDC, (formerly known as CM Finance Inc).
The transaction was first announced in June 2019. Investcorp Credit Management BDC, a specialty finance company that has elected to be regulated as a business development company (BDC), invests primarily in the debt of US middle-market companies. Additional terms of the transaction have not been disclosed.
Under the deal, CMIP will form part of Investcorp’s Credit Management (ICM) business,
Mesirow Financial has acted as the exclusive financial advisor to Vanguard Packaging, Advanced Logistics & Fulfillment (ALF) and Great Plains Packaging (collectively Vanguard) on its investment from Dunes Point Capital.
Headquartered in Kansas City, Missouri, Vanguard is an independently owned and operated manufacturer of high-graphic corrugated displays, retail-ready packaging, industrial packaging products as well as related fulfilllment and logistics services. Vanguard is a customer-centric company that provides a comprehensive one-stop solution. The company emphasises responsiveness, innovation, and the delivery of high-quality products and services through the use of sustainable business practices, establishing the Company as one of the most sustainable
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