Managers
Union Capital Associates, a lower middle-market private equity firm, has closed its most recent pool of capital – Union Capital Equity Partners II. The oversubscribed Fund closed at its hard cap of USD200 million.
The Fund will invest in smaller U.S. founder-owned businesses, where Union Capital is typically the first institutional investor. Union Capital has a 50 year history of successfully partnering with business owners, entrepreneurs and management teams. Union Capital’s investment team has spent 12 years working together on private investments, and is supported by several of its former CEOs that provide general operations expertise to assist portfolio company
Funds managed by Alpina Partners (Alpina) have invested in New Solutions (New Solutions) a provider of software solutions for the digitalisation of business processes on the shop floor.
The founder Christian Ehrenschwendtner will stay on board as a managing director and shareholder.
Since its foundation in 1999, New Solutions has developed into one of the leading providers of software solutions for the digitalization of production-related processes involving employees, production equipment as well as external partners. With the digital shift book “Finito”, the company offers a modular, web-based solution. In addition, New Solutions provides “CheckWare”, a solution for electronic checklists.
International law firm Ropes & Gray has advised TPG Capital and its portfolio company, Beaver-Visitec International, a leading global developer, manufacturer, and marketer of specialised surgical devices for the ophthalmic marketplace, on the acquisition of Vitreq, a Dutch ophthalmic technology company.
Headquartered in Netherlands, Vitreq develops and manufactures high-quality, innovative products for the ophthalmic industry. With a special focus on vitreoretinal surgery, Vitreq’s team of in-house R&D, engineering, and manufacturing professionals collaborate with renowned surgeons to create a portfolio of state-of-the-art minimally-invasive instruments designed to match the demands of today’s surgical environment.
The Ropes & Gray team was led
Growth capital investor Beringea has exited its investment in APM Healthcare through the sale of business to national pharmacy chain, Day Lewis Pharmacy.
Day Lewis will take over APM Healthcare’s 18 UK pharmacies, which it runs in Joint Venture Partnerships with GP Practices across the country.
Trading under the name Community Pharmacies, APM Healthcare was founded in 2009. Beringea initially invested in the company in 2011, when APM was on the verge of expanding its network from just one pharmacy having secured a number of deals with local doctors. The expertise of Andrew Murray – who previously founded and
Brentwood Associates, a Los Angeles-based private equity investment firm, has held the final closing of Brentwood Associates Private Equity VI (Fund VI), with USD1.15 billion of capital commitments. Fund VI closed at its hard cap and exceeded its target of USD750 million.
Fund VI is the largest fund raised by Brentwood to date, and the firm now has over USD2.4 billion in assets under management. The new fund follows the strategy of its predecessor, Brentwood Associates Fund V, L.P. and parallel funds, which closed at its hard cap in November 2014 with total commitments of USD688 million.
“We are
Autotech Ventures, a specialist venture capital firm based in Silicon Valley, has closed its inaugural fund at USD120 million. The fund, which will invest in startups focused on ground transportation, was supported by both financial and corporate investors.
Among the fund’s corporate investors are BorgWarner and Autoliv, as well as dozens of others including vehicle manufacturers, parts suppliers, repair shop chains, leasing corporations, refuelling station networks, dealership groups, and trucking firms who together represent a global market capitalisation of over USD500 billion.
Founded by Alexei Andreev and Quin Garcia and featuring a team of seasoned transportation executives, investors, and
HarbourVest Partners has held the final close of its fourth co-investment fund at its hard cap of USD1.75 billion. HarbourVest Partners Co-Investment IV, which had an original target of USD1.0 billion and hard cap of USD1.5 billion, was oversubscribed.
The fund’s hard cap was raised from USD1.5 billion to USD1.75 billion during fundraising, with the support of limited partners.
“We’re excited by the confidence our clients have placed in us that resulted in such a successful fundraise,” says Peter Wilson, Managing Director and member of the Executive Management Committee, HarbourVest. “HarbourVest has been investing directly in companies since 1983
Inverness Graham has acquired SwipeClock, a provider of cloud-based integrated workforce management software solutions that include automated time and attendance and advanced scheduling.
The Company’s products, which include TimeWorksPlus, TimeSimplicity, and TimeWorksTouch Intelligent Clock, are sold through over 850 partners to more than 26,000 businesses.
“We are excited to partner with the talented team at SwipeClock,” says Trey Sykes, Managing Principal of Inverness Graham. “The Company is well positioned with a purpose built, channel ready product and go-to-market strategy focused exclusively on its channel partners, which have traditionally been comprised of independent payroll providers, professional employer organisations, banks,
Investcorp has agreed the sale of Esmalglass to global private equity firm Lone Star Fund X for an enterprise value of EUR605 million.
Established in 1978 in Villareal, Spain, Esmalglass is a producer of ceramic colours and glazes with total sales of circa EUR400m in 2016. Esmalglass supplies a wide range of products used in the manufacturing and decoration of ceramic tiles to circa 1,200 customers through its 21 sales offices worldwide supported by manufacturing and mixing plants in Spain, Brazil, Vietnam, Portugal, Italy, Russia, China, Indonesia, India and Mexico, as well as by large design and technical assistance teams
The Petainer Group has secures EUR10 million in growth funding investment from Next Wave Partners to support a substantial increase in customer demand for the company’s PetainerKeg – a plastic alternative to traditional steel beer kegs.
Commenting on the investment, Nigel Pritchard, Group Chief Executive of Petainer, says: “This funding comes at an exciting time in the development of our business and will support the continued growth of our specialist, sustainable and innovative packaging solutions for some of the world’s largest FMCG, brewery and wine brands to support their growth and Corporate Social Responsibility agendas. This growth investment will support
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12 November, 2026 – 8:00 am
12 November, 2026 – 5:00 pm
