Managers
Altus Capital Partners, an investment firm focused on middle market manufacturing companies in the US, has sold Rocla Concrete Tie, based in Denver, Colorado, to German-based rail infrastructure supplier Vossloh Group.
Altus Capital realised an estimated 4.5x return on its equity, made through Altus Capital Partners II in May 2013.
Founded in 1986, Rocla manufactures pre-stressed concrete railroad ties and turnout ties for Class I railroads, commuter passenger operations, transit authorities and industrial operations.
Altus Capital acquired Rocla to participate in the expected need of superior and durable concrete ties that reduce maintenance and prolong rail life.
Bowmark Capital, a mid-market private equity firm, and Five Arrows Principal Investments, the private equity business of Rothschild Merchant Banking, are to sell Autodata, a European provider of technical information to the automotive aftermarket.
Autodata is being sold to Solera Holdings for GBP340 million.
Solera is a provider of risk and asset management software and services to the automotive and property marketplace. The transaction, which is subject to regulatory approval, is expected to complete in February 2017.
Established in 1975, Autodata publishes technical information on approximately 40,000 vehicle models from 136 manufacturers. ts products provide over 90,000 professional workshops
Middle market private equity firm One Equity Partners’ portfolio company, The WW Williams Company, has acquired Desert Fleet-Serv (DFS), a mobile provider of onsite maintenance and repair services for diesel trucks and trailers.
Terms of the private transaction have not been disclosed.
Headquartered in Phoenix, DFS's ASE-certified technicians provide a range of commercial vehicle maintenance and repair services, including diesel engine diagnostic, lubrication and other related services. Founded in 1995, the company has more than 200 customers in the metropolitan Phoenix area.
"DFS has been a driving force in the onsite fleet maintenance and mechanical repair service of
Dash Financial is to merge with LiquidPoint to create a new trading technology solutions provider focused on the options and equities markets.
Dash Financial is an institutional trading technology, execution and analytics provider, while LiquidPoint is a provider of options technology and routing services to the sell-side and exchange communities.
Private equity firm GTCR will be contributing LiquidPoint from portfolio company Convergex to merge it with Dash.
The combined entity will operate as Dash Financial Technologies and be majority owned by GTCR. It will have a 13 per cent market share in the US options agency execution space. The independent
Private equity firm OpenGate Capital has completed the sale of Getronics LATAM to Southern Cross Group, a Latin American private investment firm.
The exit yields greater than 11 times invested capital for OpenGate Capital. Financial terms of the transaction have not been disclosed.
Getronics LATAM, with operations in Mexico, Colombia, Peru and Venezuela, is an integrated ICT products and services provider for the large enterprise market including workspace management services, connectivity, data centers and consultancy services.
OpenGate Capital first entered the Latin American market in 2010 through its acquisition of Sopho, a Brazilian IT services company, from Philips.
Versant Ventures has closed its newest fund, Versant Venture Capital VI, at its hard cap of CAD538 million (USD400 million).
Versant will use its diversified global investment strategy to find, form and fund innovative healthcare companies with an emphasis on novel therapeutics.
Fund VI was highly oversubscribed and was supported by existing and new limited partners including Canadian investors Teralys Capital, Northleaf Venture Catalyst Fund, HarbourVest Partners and Fonds de solidarité FTQ.
The fund will invest in 20-25 biotechnology companies in the US, Canada and Europe. Versant expects to make its initial investment from the new fund in the
SOSV, an accelerator-based venture capital firm, has closed SOSV III, its first fund open to external investors, at USD150 million.
With more than 150 start-ups backed annually through its accelerators, SOSV is the world’s third largest seed investor by volume.
SOSV’s accelerator model takes a small stake in start-ups and provides a framework and community where start-ups get further and faster than they could on their own.
“Since 2010, we’ve provided follow-on funding to those companies who develop significant traction and financing support,” says Sean O’Sullivan, SOSV managing partner. “It’s a proven model…giving us both extraordinary quality and
Hong Kong-headquartered Chateau Segonzac International Group has launched an international Winery mergers and acquisition fund in the United States.
Chateau Segonzac International owns Bordeaux-based Chateau Segonzac, a 40-hectare vineyard, which produces Cabernet Sauvignon, Merlot and Malbec. The company is jointly funded by Austchi Dragon and a number of other Hong Kong and Mainland China enterprises, and is looking to purchase more high-quality wineries worldwide, including the United States and Italy, in 2017.
"Our goal is to create added value for capital venture and investment fund, by building a bridge among investors, wine producers and consumers," says Kelvin Li, executive president of Chateau Segonzac International Group. Li says all wineries his company
Sentinel Capital Partners, a private equity firm that invests in promising companies at the lower end of the middle market, has partnered with Altima Dental Centres, one of the largest dental services organisation in Canada. Terms of the deal have not been disclosed.
Headquartered in Toronto, Altima’s clinic network includes offices across six provinces in Canada. Altima-affiliated practices have an excellent reputation for providing high-quality dental services and always putting patients first. Altima's strategy is to continue growing through affiliation with other dental offices throughout Canada.
“Altima is well known throughout the Canadian market for second-to-none care, top notch providers
Man Group has completed its previously announced acquisition of Aalto Invest Holding (Aalto).
Luke Ellis (pictured), CEO of Man Group, says: “We are delighted to have completed the acquisition of Aalto, which is a key step in the development of Man Global Private Markets, our new investment engine for private asset classes, and in the ongoing diversification of Man Group. The acquisition of Aalto represents an attractive opportunity for clients, who will have access to longer term investment strategies offering a complementary risk reward profile to our current products.”
Aalto will be a central component of the newly formed
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