Allocations
Affiliates of Stellex Capital Management (Stellex), a middle-market private equity firm with offices in New York and London, have completed the acquisition of Paragon Metals.
With three manufacturing facilities in southern Michigan, Paragon is engaged in the business of manufacturing, distributing, sourcing and importing complex, tight tolerance precision machined components and assemblies serving the automotive, heavy truck and general industrial markets. Following completion of the transaction, Bruce Swift, an automotive industry veteran, will serve as Paragon’s Chief Executive Officer. Swift was most recently Chief Executive Officer of Diversified Machine, a supplier of fully engineered chassis and powertrain components. During his
Private equity firm TriSpan has completed the acquisition of UK skincare specialist sk:n, from Graphite Capital, via its TriSpan Opportunities Fund.
The investment group, which has offices in London and New York, will work with the existing senior management team to continue to develop and expand the sk:n business – a skincare specialist, with 51 clinics across the UK offering a range of non-surgical skin and cosmetic treatments. Founded in 1986, sk:n clinics utilise the latest skincare technologies and offer access to the country’s best doctors, dermatologists and skin practitioners with the highest levels of training and expertise.
The
Willis Towers Watson has completed its acquisition of Integra Capital Limited (Integra Capital), a Canadian investment management company. Integra Capital is now a wholly-owned subsidiary of Willis Towers Watson.
“Our multiyear partnership with Integra Capital has been successful in delivering exceptional delegated solutions to clients,” says Kemp Ross, global head of Delegated Investment Solutions, Willis Towers Watson. “We are excited to formally bring the Integra Capital team into Willis Towers Watson, build on this positive momentum and further penetrate the market.”
“I am delighted we have concluded the transaction with Willis Towers Watson and look forward to joining their
Private equity firm GTCR has completed the previously announced acquisitions of Ultimus Fund Solutions and The Gemini Companies in a strategic combination.
The combined company, which will operate as Ultimus Fund Solutions, is a provider of full service fund administration, accounting and investor solutions to traditional and alternative fund managers. On behalf of its clients, the combined company services approximately USD150 billion of assets under administration and over 840 total funds.
Ultimus and Gemini have both been innovators in comprehensive and customised middle and back-office solutions that help fund managers and investors. The companies’ solutions are differentiated by proficiencies
Three Hills Capital Partners (THCP) has held the final close of its third fund, Three Hills Capital Solutions III (the Fund) at its hard cap of EUR540 million after exceeding the original target of EUR400m at the first closing in September.
Three Hills Capital Partners was advised by Rede Partners, an independent fundraising and secondaries adviser to the private equity industry.
THCP’s third fund has attracted over half of its support from new institutional investors across Europe, North America and Australasia with the remaining capital coming from the ongoing support of its strategic investor base of highly connected families
Starboard Value is making a USD200 million strategic investment in Papa John’s International, with the option to make an additional USD50 million investment through 29 March 2019.
In connection with the investment, the Papa John’s Board of Directors is expanding to include two new independent directors, including Jeffrey C Smith, Chief Executive Officer of Starboard, who has been appointed Chairman of the Papa John’s Board, and Anthony M Sanfilippo, former Chairman and Chief Executive Officer of Pinnacle Entertainment, Inc.
These directors bring substantial experience in the restaurant, retail and hospitality industries, with skill sets spanning operational turnarounds, corporate
The SidebySide Partnership, a London venture capital firm founded by technology veteran John Bailye, has launched a technology EIS fund to support ‘scale-up’ businesses.
The fund will not charge performance fees until investors have made their money back and an extra 60 per cent on top – a market-leading threshold. The SBS Later Stage EIS Fund will hold a maximum of just eight companies at any one time to enable the team to provide close support to management.
Bailye says: “Our name reflects our investment strategy – we’ll be working right alongside our investee companies. This is not a
Affiliates of Roark Capital, an Atlanta-based private equity firm focussed on investing in multi-unit businesses, have acquired a majority stake in Fitness Connection from LNK Partners.
Fitness Connection has over 500,000 members across its 41 health clubs in Texas, North Carolina, and Nevada. Terms of the transaction were not disclosed.
Founded in 1999, Fitness Connection is a category leader in the “High Value, Low Price” (HVLP) fitness segment, offering the full range of amenities and services of a large, full-service premium club for as low as USD10 per month. Memberships include access to state-of-the-art strength / cardio equipment, functional
Midlands-based CET UK has completed the acquisition of the business and assets of Enverity Ltd, a geotechnical and construction materials testing specialist, with the support of Palatine Private Equity.
The acquisition comes just three months after Palatine took a majority stake in CET in November 2018, with the intention of broadening its service capability and geographical reach through a buy-and-build strategy.
Enverity provides comprehensive testing services across the civil engineering, structural engineering and geotechnical markets. This includes primary and secondary aggregates, pavement investigations and construction materials.
Established in 1989, CET UK offers a range of specialist outsourced services
Merfish Pipe & Supply (Merfish), a master distributor of carbon steel standard pipe, fittings and flanges, and a portfolio company of One Equity Partners (OEP) is to merge with United Pipe & Supply under the ownership of Merfish Pipe Holdings (MPH), an entity that is majority-owned by OEP.
Financial terms of the private transaction have not been disclosed.
Headquartered in Ipswich, Massachusetts, United is also a master distributor of carbon steel standard pipe, which they complement with the master distribution of plastic pipe, copper tube and electrical conduit, serving the construction, electrical supply, fire protection, HVAC, mechanical and plumbing
Events
12 November, 2026 – 8:00 am
12 November, 2026 – 5:00 pm
