Allocations
Private equity-focused investment office Souter Investments is to sell New Zealand-based Howick and Eastern Buses and Mana Coach Services to Transdev.
Terms of the transaction, which remains subject to regulatory approval, have not been disclosed.
With its fleet of 145 buses Howick and Eastern Buses currently operates 23 urban routes on behalf of Auckland Transport, whilst Mana’s fleet of 66 buses operates services on behalf of the Greater Wellington Regional Council. Both companies also provide school bus and charter services.
Bill Rae, outgoing Chairman of Howick and Eastern Buses and Mana Coach Services, says: “Both Howick and Eastern
Argonaut Private Equity, has held the final closing of Argonaut Private Equity Fund IV (APE IV), a USD400 million fund focused on pursuing disciplined investments across the industrials, manufacturing and energy services and products sectors in Middle America.
The Fund reached its hard cap of USD400 million and is off to a strong start with over USD120 million of equity capital deployed across four portfolio companies.
“Since holding our first close last year, Argonaut has made investments in multiple platform companies across our target sectors and continues to seek out highly capable management teams wanting to partner and execute on
QueryClick, an Edinburgh-based digital marketing consultancy that aims to transform how effectively advertisers invest in digital marketing, is to embark on an expansion drive following an investment of GBP2 million led by Scotland’s leading business angel investment group, Archangels, in partnership with the Scottish Investment Bank (SIB).
QueryClick has developed a unique, machine learning-based attribution solution – marketing software that enables companies to precisely allocate their investments in different marketing channels to ensure the maximum possible return on investment. While attribution solutions have long been widely available, including from companies such as Google and Adobe, QueryClick’s Corvidae reveals up to
DOB Equity, a Dutch family-backed impact investor in East Africa, and Global Innovation Fund, in partnership with Unilever, have co-invested in Mr Green Africa, a Nairobi based recycler and recycled plastics supplier.
Mr Green Africa recycles and sells ethically sourced materials with a traceable social and environmental impact. It currently engages over 2,000 previously marginalised waste collectors and sells over 2,000 metric tons fairly sourced recycled materials for local and international markets.
The investment will allow Mr Green Africa to expand and build on the aggregation model which enables it to scale the trade of recyclables while building a
Middle market private equity firm Gryphon Investors (Gryphon) is to make a significant investment in Mechanix Wear, a designer and manufacturer of high-performance work gloves.
Working alongside current owner and CEO Michael Hale, who will retain an ownership stake in the Company, Gryphon intends to build a leading platform in the Personal Protective Equipment (PPE) sector. The transaction, which is expected to close in the fourth quarter, is subject to customary closing conditions. Terms of the deal have not been disclosed.
Founded in 1991 by Jim Hale, Mechanix Wear is the leader in automotive, construction, industrial, and tactical hand
CH&CO, a portfolio company of Equistone Partners Europe, has acquired Mitie Catering, comprising Gather & Gather and Creativevents, the workplace catering and events businesses of Mitie.
This is the first bolt-on CH&CO has made since Equistone’s initial investment in May 2019 and marks a continuation of the company’s acquisitive growth strategy.
This deal brings an increase in turnover of GBP137m to CH&CO, 330 more sites across the UK and Ireland and an additional 3,600 team members to the CH&CO family.
Joining the CH&CO portfolio of businesses, Gather & Gather will benefit from being part of a company that
Peterson Partners (Peterson) has sold Performance Systems Integration (PSI), a leading provider of fire and life safety services in the Pacific Northwest to The Riverside Company (Riverside).
PSI, founded in 2002, is based in Portland, Oregon with an office in Seattle, Washington. The company provides a single point of management for compliance services and solutions for all its customers’ fire protection and life safety needs. PSI’s primary services include system design, installation, testing and inspection, service, repair and monitoring.
Since Peterson’s investment in 2014, PSI has grown significantly under CEO Travis Everton’s leadership. PSI increased sales and market share in
UK private equity fund Elaghmore has acquired English Architectural Glazing Limited (EAG). Founded in 1985, EAG specialises in complex and dynamic building facades and is at the forefront of the envelope cladding sector. Elaghmore has acquired the business from its existing management team who will remain with the Company.
EAG provides envelope cladding packages to an established base of long-standing clients including Stanhope, Kier, BAM and Skanska. EAG operates from three sites in Attleborough (Norfolk), Mildenhall (Suffolk) and Cannock (Staffordshire), employing 125 people. The business is focused on London and the South East and works in a variety of sectors
CSL Capital Management has launched CSL Ventures, a new investment initiative focused on early stage and technology-focused opportunities across the energy services industry.
The new strategy will be part of the firm’s latest fund CSL Energy Opportunities Fund III. The energy industry is entering an era where technological innovation has become essential to facilitate cost reduction, efficiency improvement, and meet new environmental and social goals. In this environment, there is a growing need to provide long-term sustainable capital, operational knowledge and guidance to emerging energy technology companies.
Charlie S Leykum, Founding Partner of CSL Capital, says: “We are launching CSL
Genuine Parts Company is to sell its wholly-owned subsidiary EIS, the Electrical Specialties Group of Motion Industries, to Audax Private Equity (Audax).
GPC intends to use the net cash proceeds from the transaction in accordance with its disciplined capital allocation strategy. The use of these funds may include potential investments for both organic and acquisitive growth, reinvestments in the business, share repurchases and the repayment of debt. The transaction is expected to close by the end of September 2019, subject to the satisfaction of customary closing conditions.
EIS is a well-established and growing North American fabricator, converter and distributor of
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12 November, 2026 – 8:00 am
12 November, 2026 – 5:00 pm
