Managers
Fiduciary and administration provider, Estera, has acquired the Heritage Financial Services Group (HFSG), an independent business providing third party fund administration, depositary, trust and corporate services in Guernsey, the UK and Malta.
The transaction is subject to regulatory approvals, following which the business will be rebranded under the Estera name. HFSG employs approximately 100 people across three jurisdictions and all employees will remain with the business and become part of the Estera team.
Farah Ballands (pictured), CEO of Estera, says: ‘We are delighted to welcome HFSG to the Estera family; a team with an excellent reputation in client service,
Clayton, Dubilier & Rice (CD&R) is to acquire HD Supply Holding’s Waterworks business unit (Waterworks), a distributor of water, sewer, storm and fire protection products, for USD2.5 billion.
Through a carve-out transaction, Waterworks will become an independent company, wholly-owned by CD&R funds.
Waterworks is a leading US distributor of industrial and construction products used to build and maintain underground water, wastewater and drainage infrastructure networks. The company operates a national network of 244 branches in 46 states with a sales team of more than 1,700 sales representatives serving a diverse customer base of more than 37,000 municipalities, private water
Dentons has advised private equity investor Rutland Partners (Rutland) on its recent pound investment in Aston Barclay, the independent car auction group which provides vehicle remarketing services to fleet and dealership vendors.
Aston Barclay, which currently operates from four sites in the UK, has invested heavily in recent years in both its auction sites and IT systems. Rutland’s investment will be used to develop a new auction site at Donington Park in the Midlands, as well as to make further investment in its IT technology and staff.
The management buyout was overseen by Neil Hodson, formerly of HPI and
JMC Capital Partners (JMC), a private equity buyout firm focusing on industrial product and technology businesses, has expanded Business Development Team following the recent closing of its second fund at USD206 million.
With the addition of three more business development professionals, JMC continues its efforts to strengthen relationships with “lower-lower” market founders and business owners of unique industrial companies as well as expand its outreach to investment bankers, advisors and business brokers.
Todd Rainville, who joined JMC as Partner in February following 20 years of private equity and finance experience at several Boston area private equity firms, leads the business development effort. New additions
Aurora Capital Partners, a middle-market private equity firm, has acquired Randall-Reilly, a provider of B2B data and data-driven marketing services, media and events for the trucking, construction, agriculture and additional industrial markets.
Aurora acquired Randall-Reilly from Investcorp, a global manager of alternative investment products. Key Company leadership, including CEO Brent Reilly and COO Shane Elmore, will remain in their respective roles. Terms of the transaction were not disclosed.
Founded in 1934 as a print media business, Randall-Reilly has evolved and emerged as the leader in data-as-a-service and data-driven marketing solutions for industrial end markets including heavy duty trucking, driver
Alpha Private Equity has held the final closing of its seventh mid-market Pan-European private equity fund, Alpha Private Equity Fund 7 (APEF 7), with total commitments of EUR903 million, significantly surpassing the fund’s target cover of EUR800 million.
Investors in the fund include a diverse group of pension funds, funds of funds, financial institutions, insurance companies, family offices, and government agencies in Europe, United States, and the Middle East
Throughout its existence, Alpha has deployed over EUR2.9 billion in 88 transactions and generated 77 exits. With its offices in Italy, France, Germany, Benelux, and Switzerland, Alpha will continue its
Shore Capital Partners (Shore Capital) has completed a recapitalisation of Behavioral Innovations (BI) and formed SCP Behavioral Innovations HoldCo, LLC.
Behavioral Innovations provides centre-based and in-home applied behaviour analysis therapy (“ABA”), speech therapy (“SLP”) and occupational therapy (“OT”) services to children ages birth through 18 with autism spectrum disorder and other related developmental disabilities. In addition, BI offers adult services in community-based treatment settings. Behavioral Innovations has 13 centres in central and northern Texas and in-home services in the Oklahoma City, OK area.
Shore has partnered with Dan Nicholson, Executive Vice President, and co-founders Carla Edwards and Lori Russo,
Sentinel Capital Partners, a private equity firm that invests in promising companies at the lower end of the middle market, has sold National Spine & Pain Centers (NSPC), a service provider to interventional pain management physicians.
Terms of the transaction have not been disclosed.
Acquired by Sentinel in 2011, NSPC provides administrative and support services to physicians who offer a comprehensive approach to the treatment of neck and back pain through the use of advanced, minimally invasive, interventional procedures. NSPC treatments provide both immediate and long-lasting pain relief and enable patients and payers to avoid more costly and invasive
Steadfast Capital Markets Group has teamed up with Alcentra, a BNY Mellon investment boutique, to launch its latest alternative program, Steadfast Alcentra Global Credit Fund, an unlisted closed-end fund that seeks to capitalsze on the growing opportunity to provide direct lending to middle-market companies in the United States and Western Europe.
Steadfast is teaming with Alcentra as the fund’s investment sub-adviser. Alcentra will source and actively manage the fund’s direct lending investments, backed by its deep institutional expertise and experience in providing debt and equity financing to middle-market companies, both in the US and Europe. The fund’s objective is to provide qualified
Aptean, a provider of enterprise software solutions, has acquired FDM Software, an specialist in Records Management (RMS), Computer-Aided Dispatch (CAD), mapping and analysis solutions for public safety agencies in North and South America.
“With more than 1,500 public sector customers, Aptean is committed to strengthening and expanding the solution offerings we provide to this growing industry,” says Kim Eaton, Aptean CEO. “The addition of FDM Software combined with Aptean’s public sector offerings will help create a single source for best-of-breed public safety solutions for local municipalities, helping them to streamline processes and provide a better customer experience. We also see
Events
12 November, 2026 – 8:00 am
12 November, 2026 – 5:00 pm
