Funds managed by Searchlight Capital Partners (Searchlight) are to acquire a 26 per cent stake in Latécoère from funds managed by affiliates of Apollo Global Management, an affiliate of investment funds managed by Monarch Alternative Capital (Monarch), and CVi Partners. Searchlight is paying a total of USD106.8 million, equivalent to EUR 3.85 per share. The Agreement provides for a top-up provision in the event Searchlight files a tender offer on Latécoère at a higher price within 12 months following closing and such tender offer is consummated. This transaction is still subject to usual regulatory clearances, including CFIUS and certain antitrust

Quilam Capital, a provider of both debt and equity solutions to companies in the speciality finance sector, has announced its seventh investment since it launched late 2017.  Quilam has made a multi-million-pound investment into Propensio Finance Limited, a technology-led niche consumer finance platform, which provides unsecured loans to home owners to fund home improvements. The business has a strong network and relationships with home improvement product providers throughout the UK.   Propensio was founded and run by Dave Hindle who has significant experience in the sector having been lending to the home improvement market for over twenty years. The business

ARQIS has advised the TRIGO Group, an international provider of operational quality management solutions for the manufacturing industry, on the acquisition of the business operations of QSSL Industrieservice, a provider of quality assurance services to the automotive industry, from its insolvency administrator Ilkin Bananyarli (PLUTA) as part of a transferring reorganisation.  Both parties have agreed not to disclose the purchase price.   Services provided by QSSL Industrieservice include quality control of parts and components as well as other industrial services such as assembly and logistics services. The current TRIGO locations in Stuttgart and Berlin will benefit from the successful acquisition,

Mid-market private equity firm Mill Point Capita has partnered with management to acquire Kemp Technologies, a provider of load balancer and application delivery controller (ADC) solutions and services. The Mill Point team employs an Executive Partner model and has extensive experience investing in transactions in the technology and business services sectors. Kemp’s management team, including CEO Ray Downes, will continue to lead the company, building on its strong track record of growth and innovation. Kemp is a leader in powering always-on application experience (AX) for enterprises and service providers via its next-generation load balancer and ADC technology solutions. Since the

UK-based engineering and technical services business, RSK Group Ltd, has acquired Drilling Supplies & Hire Services Ltd, a supply and engineering company that services the site investigation, geothermal and water well markets across the UK.  The latest announcement marks the 12th and final acquisition for the fast-growing RSK group in the financial year 2018/2019. Drilling Supplies & Hire Services is a company of 13 people based in North East England that supplies installation and drilling consumables to the drilling industry nationwide, including rig tooling, drilling rigs and a variety of products. In addition to supply services, the company has an

Willis Towers Watson, a global advisory, broking and solutions company, has acquired Tranzact, a direct-to- consumer health care organisation that links individuals to US insurance carriers.  Tranzact was acquired by its current majority owner, a Clayton, Dubilier & Rice (CD&R) fund, in 2016. Tranzact will operate as an integral part of Willis Towers Watson’s Benefits Delivery and Administration (BDA) business, which focuses on the development and delivery of administrative solutions for employers, employees and retirees.  As one of the leading players in the direct-to-consumer health care space, Tranzact employs approximately 1,300 individuals, including 850 licensed agents. Tranzact combines digital marketing,