Managers
GALA Kerzen, a leading manufacturer of candles backed by Equistone Partners Europe has made its third bolt-on transaction since February with the acquisition of Korona Candles (Korona).
Based in Poland, Korona is one of the world’s leading manufacturers of “private label” candle products. With the acquisition of Korona, GALA Kerzen is further expanding its product range, growing its international presence, and establishing itself as a leading global candle manufacturer following the recent additions of Indian company Ramesh Flowers and Berlin-based JewelCandle to the group. GALA Kerzen has acquired its shareholding in Korona from the company’s management, who will in turn
Gainline Capital Partners (Gainline), a private equity firm that invests in US based middle market companies, has made an investment in Integrated Energy Services Corporation (iES).
Terms of the deal have not been disclosed.
iES is a leading provider of grid relationship management software and demand response services to commercial electricity customers. This transaction marks Gainline Capital Partners’ second platform investment in its inaugural fund.
iES Founder and CEO Brock Nigg, says: “We are excited to partner with Gainline as we execute on our strategic vision and enter the next phase of growth at iES. Gainline’s investment and support
Victory Park Capital (VPC) has made a USD45 million investment in Miami Gardens-based United Automobile Holdings (United Auto).
Founded in 1989, United Auto is a leading provider of non-standard auto insurance products in the United States, with a primary focus on serving various Florida and Texas markets. The company’s unique suite of capabilities come from its two operating subsidiaries, namely United Automobile Insurance Company (UAIC), a regulated property and casualty insurance carrier focused on the non-standard automobile market, and United Group Underwriters (UGU), a managing general agency specialising in sourcing and underwriting non-standard auto insurance policies. The company’s products are
Tikehau Capital has launched the new EUR212 million Tikehau NOVO 2018 Fund managed by asset management subsidiary Tikehau IM.
The Tikehau NOVO 2018 Fund has been structured as a French mutual securitisation fund (FCT) qualifying for treatment as a “debt fund” that directly finances the French economy (Fonds de Prêt à l’Economie). The investment strategy will be similar to that of the NOVO 2 Fund, which has now been invested in full.
Caisse des Dépôts et Consignations (CDC), eight insurance companies, a pension fund and a foundation all helped to structure and finance this new fund.
All sums
Private equity firm Thoma Bravo has completed fundraising for Thoma Bravo Discover Fund II. The fund closed at its hard cap with a total of USD2.4 billion in commitments, and, like its predecessor, Thoma Bravo Discover Fund, will focus on middle market software investments.
The oversubscribed fund received strong support from a diverse range of Thoma Bravo’s existing institutional investors, including sovereign wealth funds, public pension funds, multinational corporations, insurance companies, fund-of-funds, endowments, foundations and family offices.
Discover II will be deployed utilising Thoma Bravo’s buy-and-build investment strategy, and will target investments in application, infrastructure and security software and
Italmatch Chemicals is to acquire Afton Chemical’s metalworking fluid business (formerly Polartech).
The deal includes the acquisition of the entire business and assets relating to metalworking fluid carried out in Bedford Park (Illinois, USA) and Manchester (UK, Europe) sites, the know-how, technology and business in India and China, with production carried out from Hyderabad plant and in China.
Sergio Iorio, CEO of Italmatch Chemicals Group, says: “This acquisition represents for Italmatch Chemicals a significant step forward in the strategy of expanding its market position in the industrial lubricants market. The agreement strategically follows the recent acquisition of Elco Corporation
KPS Capital Partners (KPS) has signed a definitive agreement, through an affiliate, to sell Electrical Components International (ECI) to an affiliate of Cerberus Capital Management. Financial terms of the transaction have not been disclosed.
ECI is the world’s leading manufacturer of wire harnesses, control boxes and value-added assembly services for consumer appliance and specialty-industrial applications. ECI manufactures products for a variety of electronic and electromechanical applications for customers worldwide in a diverse range of end-markets, including home appliances, agriculture and construction, heating, ventilation and air conditioning (HVAC), specialty transportation, automotive, commercial appliance and commercial electronics. ECI currently operates 35 manufacturing
Omnes has made a partial exit from the French telecoms construction group Circet, through a sale to Advent International.
Omnes initially invested in Circet in February 2017 and continues to support the number one French firm specialising in the construction and maintenance of telecommunications infrastructure.
Omnes generated an IRR of 103 per cent in the deal, which marked the second successful exit for Omnes Croissance 4 fund this year. In February 2017, the Capcom exit generated a multiple of 2.6 times and an IRR of 95 per cent.
Circet was founded in 1993 and reported revenues in excess
The Montreux Healthcare Fund’s Operating Company (Fund), Active Assistance (Active), has secured a GBP95 million debt package from BlackRock, one of the largest institutions in the financial sector.
The transaction augments Active’s ability to finance its pipeline acquisitions for the foreseeable future, which it will seek to purchase with a mixture of equity and debt.
The terms of the Senior Facility Agreement, which will allow the replacement of an existing bridging facility, are preferential to those secured on the Fund’s previous asset pool during its last cycle in which it achieved more than a 110 per cent return over
International private equity firm, Cinven, is to acquire Partner in Pet Food (PPF), a European pet food manufacturer, from Pamplona Capital Management for an undisclosed amount.
Headquartered in Hungary, PPF has nine manufacturing operations across Europe. PPF supplies pet food to more than 250 customers in Europe, including traditional retailers, discounters, speciality pet retailers and online specialists. Its product range covers the main categories of dog and cat food including wet and dry food including single serve products. Established in 1999, the company employs more than 1,400 people and produces more than 450,000 tons of pet food per annum, distributed
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12 November, 2026 – 8:00 am
12 November, 2026 – 5:00 pm
