Managers
Kain Capital has acquired a majority stake in King Engineering Associates, strengthening its position within the civil engineering space.
Financial terms of the transaction have not been disclosed.
King Engineering is a full-service civil engineering firm with headquarters in Tampa, Florida, and operations across Miami, Sarasota, Florida and Austin, Texas.
"This acquisition greatly advances our strategy of focusing on strong businesses in the engineering space with opportunities for growth," says Kunal Kain, managing partner of Kain Capital. "Our partnership begins with all existing managers remaining in place, and 16 senior managers retaining an ownership stake in the company."
Elaia Partners, a Paris-based venture capital firm, has held the initial closing of its new venture capital fund, Elaia Delta Fund, at EUR115 million.
This new investment vehicle pursues the fundamental drivers of Elaia Partners’ historical strategy targeting European early-stage digital opportunities based on high disruption and on deep technology.
Elaia Partners will focus on B2B or B2B2C business models demonstrating global ambitions.
Thanks to its increased fund size and optimised portfolio management model, Elaia Partners will be able to drive further its investment strategy by supporting its best performing investments through their successive fundraisings.
Xavier Lazarus,
Citizens Financial Group has acquired Western Reserve Partners, a Cleveland-based merger and acquisition advisory firm dedicated to delivering a full range of financial advisory services with a focus on middle market clients.
The transaction follows the 2016 launch of Citizens Capital Markets, which added broker-dealer capabilities to the bank’s capital markets platform.
The acquisition will further strengthen Citizens’ ability to serve commercial clients by accelerating the build out of its M&A and financial advisory capabilities. This key and growing client need was highlighted in the bank’s recently published sixth annual nationwide Middle Market M&A Outlook, in which 73 per
Moderne Ventures, a Chicago-based venture capital firm focused on early stage investments in technology companies, has closed its early stage venture investment fund with USD33 million in total commitments.
Launched in 2015 by Constance Freedman, Moderne identifies and invests in cutting-edge technology companies who have a shared purpose of modernising highly-regulated, multi-trillion dollar industries.
These markets represent 20 per cent of the US Gross Domestic Product (GDP) and spend billions of dollars annually on marketing, technology and business services.
Moderne provides its early stage investments with proprietary access and exposure to the Moderne Network – more than 400
GBfoods has partnered with Helios Investment Partners, an Africa-focused private investment firm, to create one of Africa’s largest fast moving consumer goods (FMCG) businesses.
GBfoods Africa Holdco, a joint venture owned by GBfoods and Helios, has acquired assets from different African companies including leading brands such as Jumbo (bouillon), Gino and Pomo (tomato paste), and Jago (milk powder and mayonnaise), as well as Bama (mayonnaise) distribution rights for Africa.
This will result in a pan-African culinary products company with presence in over 30 African countries.
GBfoods chief executive, Ignasi Ricou, says: “GBfoods has a long history operating in
European private equity firm Doughty Hanson has rebranded as DH Private Equity Partners.
The rebranding reflects the firm’s new broader ownership structure and sole focus on private equity, while providing strong links to Doughty Hanson’s heritage.
Dick Hanson, senior partner of DH Private Equity Partners, says: “Since the beginning of 2015, we have returned nearly EUR2 billion to investors, focused the business purely on private equity and restructured the firm around an aligned team, led by myself. It makes sense therefore to rebrand the firm for the future in a way that reflects the changes but preserves the strong
The total value of private equity business in the international finance centre of Guernsey has surpassed GBP100 billion for the first time.
Figures from the Guernsey Financial Services Commission show that the net asset value of private equity funds under management and administration in the island grew by GBP25 billion over the course of 2016 to stand at GBP110.3 billion at the end of December.
Substantial launches during the course of last year by big ticket private equity promoters including Permira, Apax Partners, Cinven, Macquarie, Partners Group and Inflexion all contributed to the record-breaking high.
Guernsey Finance chief
Oakley Capital Investments’ Oakley Capital Private Equity III (Fund III) has completed a deal to acquire the assets and operations of Plesk, at an enterprise value of USD105 million, as a carve out from the Parallels Group.
Fund III has invested USD27.4 million for a 51 per cent controlling stake in the business. The company’s indirect contribution through its interest in Fund III is approximately GBP10 million.
First released in 1999, Plesk is one of the most widely used control panels and software platforms for simplifying the lives of Web Professionals. Plesk’s web-server management tools secure and automate server
Private equity investment firm HIG Capital has agreed to acquire a majority stake in CONET Technologies, an IT consulting, IT systems integration and software development company headquartered in Hennef (Sieg), Germany.
The CONET management team, headed by CEO Anke Höfer, will continue to lead the company.
Founded in 1987, CONET offers a range of services and solutions in software development, SAP consulting, IT infrastructure and IP-based communications. The company is a highly reliable partner to many German and Austrian blue-chip customers in the public and private sectors.
HIG will support CONET’s management team as shareholder and through its
Private equity firm Vector Capital is to sell 20-20 Technologies (2020), a provider of interior space planning software solutions, to Golden Gate Capital.
Terms of the transaction have not been disclosed.
Founded in 1987 and headquartered in Laval, Quebec and Westwood, MA, 2020 is the only global provider of applications, solutions and content for interior space planning, omni-channel retail and furniture manufacturing.
2020 customers include many of the world’s largest home improvement retailers and manufacturers, as well as tens of thousands of local, independent kitchen and bathroom dealers.
Vector Capital partnered with founder Jean Mignault to take
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