Managers
UK-based mid-market private equity investor LDC has backed the secondary buyout of Mandata, a developer of transport management software, in a GBP20 million deal.
The deal also represents an exit for Synova Capital.
Headquartered in Northumberland, Mandata designs and develops software that allows road transport operators to manage workflow and data more effectively. Its transport management system integrates a suite of end-to-end products, including traffic planning and management, tracking, telematics, and invoicing. Used by hauliers across the UK, Mandata helps customers to improve productivity, deliver efficiency savings, and improve real-time visibility of their operations.
Recent innovations have extended
A company backed by private equity firm Permira is to acquire Cisco’s Service Provider Video Software Solutions (SPVSS) business.
Following the close of the transaction, the Permira Funds will create a new, rebranded company focused on developing and delivering video solutions for the Pay-TV industry.
The new company will encompass a broad portfolio, including Cisco’s Infinite Video Platform, cloud digital video recording, video processing, video security, video middleware, and services groups. Highly-regarded video industry leader Dr Abe Peled, former Chairman and CEO of NDS and adviser to the Permira Funds, will serve as Chairman of the new company. The
Arma Partners has acted as exclusive financial advisor to Datix, a portfolio company of Five Arrows, on its sale to TA Associates, a global growth private equity firm. Five Arrows will continue to control the business, jointly with TA Associates.
Datix is a pioneer in mission critical patient safety and compliance software, enabling healthcare organisations to improve the quality of patient care. Datix has been a thought leader and market shaper for over 30 years, protecting more than 110 million patients across 20,000-plus global sites in the UK, North America, Australia and the Middle East. The company has enjoyed uninterrupted
DealCloud, a specialist in CRM and deal management in the private capital markets, and PitchBook, the data provider for the private and public equity markets, have formed a strategic partnership to integrate PitchBook data within the DealCloud DataCortex.
With the launch of this partnership, DealCloud clients can now search and query PitchBook’s data sets directly from within the DealCloud platform, including hard-to-find financial data on private and public companies, investors, funds, limited partners and service providers. PitchBook’s data – which is captured by web crawlers, machine learning technology and verified by specialised data teams – is increasingly sought after by
Egeria is to acquire 100 per cent of the shares of consumer electronics manufacturer Trust. Financial details of the deal have not been disclosed.
Mark Wetzels from Egeria says that Trust owes its prominent position to its customer focus, speed of new product introductions and the company’s enterprising culture, among other things. “Trust has shown in recent years that it has the right qualities to operate very successfully in the dynamic market in which it is active. For example, Trust Gaming has become a household name among gamers internationally in a short time, due in part to its close relationship
Private investment firm Gridiron Capital has sold Motion Recruitment Partners (MRP), a provider of global recruitment solutions.
Headquartered in Boston, with services spanning 47 countries, Motion Recruitment is a leader in the talent acquisition industry. The company provides specialised IT staffing through its Jobspring Partners and Workbridge Associates businesses and offers global recruitment outsourcing services through its Sevenstep business for a broad range of industries in need of both permanent and contract labour.
Gridiron Capital originally invested in MRP in 2013 and partnered with the Company to accelerate growth across all segments of the business. Through this partnership, MRP
An affiliate of private equity investment firm HIG Capital (HIG) is to acquire Elekeiroz, a leading chemicals manufacturer in Brazil, from its controlling shareholder Itaúsa – Investimentos Itaú, one of Brazil’s largest conglomerates.
HIG will acquire 96.5 per cent of the Company’s shares from Itaúsa and plans to acquire the remaining shares as soon as possible. Elekeiroz, which is listed on the São Paulo stock exchange, generated sales of over BRL975 million in 2017.
Founded in 1894 in the state of São Paulo, Elekeiroz is the sole producer of oxo-alcohols in Latin America and the largest producer of plasticisers
Littlejohn & Co, a middle market private investment firm based in Greenwich, CT, has made an investment, alongside company management, in Motion Recruitment Partners, a global recruitment firm.
Terms of the transaction were not disclosed.
Headquartered in Boston, with services spanning 47 countries, Motion Recruitment is a leader in the talent acquisition industry. The company provides specialised IT staffing through its Jobspring Partners and Workbridge Associates businesses and offers global recruitment outsourcing services through its Sevenstep business for a broad range of industries in need of both permanent and contract labour.
Brian Ramsay, President at Littlejohn, says: “As
NovellusDx, a specialist in functional genomics, has completed an equity financing of USD6 million backed by Helsinn Investment Fund, Bio Capital Impact Fund, and Windham Venture Partners. This adds to the nearly USD17 million already raised by the company.
“We are excited to invest in NovellusDx and support their aim to lead the functional genomics revolution,” says Roberto De Ponti, Head of New Venture and Strategic Investment at Helsinn International Services sarl. “NGS has revolutionised cancer care and now we have the opportunity to take it one step further to functionally test the mutations found and their response to drugs.
Hutchinson Networks, an Edinburgh-based technology business, has received a GBP2.2 million growth capital investment from funds advised by YFM Equity Partners (YFM), the private equity fund manager.
Hutchinson Networks Limited is a leading provider of multi-vendor IT and network solutions to national and international clients offering advanced infrastructure services to a rapidly expanding client base, including a major UK airport, an international consumer brand, several Fortune 100 companies and a global retail technology brand.
Hutchinson Networks employs 89 staff across the UK and a network of professionals across the globe. The business is projecting turnover of GBP11.5 million this year,
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