Managers
Polaris has agreed to sell Avanti Wind Systems to Alimak Group, marking the private equity firm’s sixth exit in the past 18 months.
With Polaris as its owner since 2011, Avanti, a specialist in service lifts as well as ladder and safety systems for the wind turbine industry, has doubled revenue and expanded its global sales and production platform during the period.
The company today has more than 400 employees, six production units and service units in 9 countries. Avanti is headquartered in Hillerød, Denmark.
The positive development has entailed a doubling of revenue from EUR47 million in
Private equity firm Cinven has agreed to sell Host Europe Group (HEG), one of the largest privately-owned web services providers in Europe, to GoDaddy, a cloud platform dedicated to small, independent ventures.
Cinven acquired the core business within HEG in August 2013 for an original consideration of GBP438 million.
The transaction marked the first platform acquisition of an overall consolidation strategy, originated by Cinven’s TMT team who had identified web services as an attractive and fragmented market.
The Cinven team worked closely with the HEG management team and key achievements include: implementing a buy and build strategy including
Clessidra SGR has signed a definitive agreement to sell all outstanding shares of ABM Italia to funds advised by BC Partners through their participation in Keter Group.
ABM Italia is one of Europe's leading manufacturer of high-end resin storage systems for domestic/office applications such as cabinets, shelves and storage boxes.
Matteo Ricatti, managing director at Clessidra, says: “We are delighted to have reached this agreement. We also feel privileged to have accompanied ABM Italia in its transformation from an entrepreneurial to a managerial organisation. This acquisition by BC Partners marks a new era for the company.”
Mario Fera,
Solace Capital Partners, a private equity firm focused on distressed-for-control and special situations investments in North America, has closed its inaugural Solace Capital Special Situations Fund at USD576 million, in excess of its USD500 million target.
Solace has flexible capital and targets control-oriented investments in complex, distressed or capital-constrained, lower-middle market companies across numerous industries.
Typical investment size ranges from USD10 million to USD75 million.
To date, the fund has invested and committed more than USD120 million in five portfolio companies.
Solace’s managing partners Chris Brothers, Vince Cebula and Brett Wyard say: “We are pleased with the
Exit Strategies, a specialist in the buy side, mergers and acquisitions space, closed three new buy side transactions in September 2016.
“Our proprietary process and tools continue to be validated by these high quality transactions,” says Jordan Wagner, co-founder at Exit Strategies.
The September closed deals originated and facilitated by Exit Strategies on the buy side included Align Capital Partners, a private equity firm with USD325 million in their current fund, which acquired Alliance Source Testing, an Alabama-based company focused on providing accurate and consistent source testing solutions.
Alpine Investors, a San Francisco-based private equity firm with USD900
Healthcare-focused private equity firms DW Healthcare Partners (DWHP) and Linden Capital Partners are to acquire Edge Systems.
Headquartered in Signal Hill, California, Edge is a manufacturer and marketer of non-invasive equipment and consumables used in aesthetic skin health treatments.
Edge's leading product is the HydraFacial line of facial skin rejuvenation devices, which provide a non-invasive, multistep treatment in one sitting that delivers results without downtime or irritation. Edge has a current installed base of over 7,000 systems placed with dermatologists, plastic surgeons, and medical spas across 75 countries.
As part of an aesthetics sector effort, Linden and DWHP
A cross-border team from law firm Goodwin represented the neuroscience company Cerevance in its financing by Lightstone Ventures and Takeda Pharmaceutical.
Cerevance will focus on discovering and developing novel therapeutics for neurological and psychiatric disorders.
The USD36 million funding round includes a USD21.5 million Series A financing investment from Takeda and Lightstone Ventures, with each joining Cerevance’s board of directors.
Cerevance will have sites in both Massachusetts and the UK. Takeda has provided a 25-person neuroscience research team from its Cambridge, UK site, including industry veterans, fully equipped laboratory space, and licenses to a portfolio of preclinical and clinical
Two thirds of limited partners (LPs) say there would be a negative impact on the EU from a ‘hard’ Brexit – a separation of the UK from the EU involving significant restrictions on the UK’s access to the EU single market and strong immigration curbs.
That’s according to Coller Capital’s latest Global Private Equity Barometer which reveals that fully three quarters of LPs think a hard Brexit would damage the UK, while well over a third (37 per cent) of LPs think a hard Brexit would also lower their overall returns from European private equity.
In addition, one third
Detroit-based private equity firm Rockbridge Growth Equity has sold Purchasing Power, an e-retailer offering a voluntary benefit to companies and membership organisations across the US, to private equity firm Flexpoint Ford.
Founded in 2001, Purchasing Power is one of the fastest-growing voluntary benefit companies and the leader within the purchase programme industry offered through employers.
Along with a financial wellness platform available at no cost to its customers, Purchasing Power offers an employee purchasing programme for name brand consumer products and services using convenient payroll deduction.
Available to millions of people as a voluntary benefit at organisations with
UK private equity house Maven Capital Partners has realised its investment in plastic extrusion manufacturer Nenplas, generating a return of more than 5x for investors.
The exit from Ashbourne-based Nenplas follows a sale of a controlling interest to German company Döllken-Weimar, part of the German quoted group Surteco, in a transaction that also included the sale of the entire share capital of Nenplas Property.
The Maven VCTs first invested in 2006 to support the management buyout of Homelux Nenplas. That business experienced rapid growth during the period of Maven's involvement, including the completion of a complementary acquisition and an increase
Events
12 November, 2026 – 8:00 am
12 November, 2026 – 5:00 pm
