Managers
Pavilion Financial has closed its acquisition of Altius Holdings, the parent company of Altius Associates, a private markets advisory and separate account management firm with offices in the UK, US and Singapore.
Pavilion has also established Pavilion Alternatives Group, a combination of the operations of Altius Associates and LP Capital Advisors (LPCA), the alternative asset advisory subsidiary of Pavilion headquartered in Sacramento, California.
The rebranding for both organisations is effective immediately.
“Pavilion Alternatives Group will proudly carry forward the shared vision of its two founding firms to provide institutional clients with objective, thoughtful and well-researched advice on alternative
Ufenau IV, a fund advised by Ufenau Capital Partners, has sold its shares in Roth Brandschutz to Equistone Partners Europe, realising a 4x cash return and an IRR of 108 per cent.
Roth Group is headquartered in Gerlafingen, Switzerland, and offers its clients fire protection, insulation and coatings services.
Since partnering with Ufenau, Roth Group has grown the business considerably and increased revenues by 70 per cent to CHF65 million. The number of employees increased from 220 to 350 and Roth Group became Switzerland's largest service provider in its market segments.
In close collaboration with Ufenau, Roth Group completed
Praesidian Capital, a provider of senior and subordinated capital for small and mid-sized businesses, has exited its first-lien debt investment in Aquasana, a Texas-based provider of residential water filtration systems and replacement cartridges.
Praesidian’s debt investment supplemented an equity investment by L Catterton, the largest consumer-focused private equity firm in the world.
Aquasana was acquired in August 2016 by A O Smith Corporation, a manufacturer of residential and commercial water treatment systems, heaters and boilers.
Praesidian’s 2015 investment in Aquasana provided capital to support the company’s vision for strategic growth. With this additional funding, Aquasana was able to
Audax Private Equity has sold Cadence Education to investment funds managed by Morgan Stanley Global Private Equity.
Terms of the transaction have not been disclosed.
Headquartered in Scottsdale, Arizona, Cadence is a provider of early childhood education focusing on children ages six weeks to 12 years old.
The company has the capacity to serve more than 20,000 students across its national platform of more than 150 schools across 20 states.
Since Audax’ initial investment and partnership with Cadence’s founder Doug MacKay in 2007, the company has acquired 74 schools in 28 acquisitions and opened 14 greenfield locations.
Regulatory DataCorp (RDC) has been acquired from Bain Capital Ventures and others by Vista Equity Partners, a private equity firm focused on software, data and technology-enabled businesses.
The acquisition will allow RDC to increase its investment in risk and compliance software and data solutions to help prevent financial crime.
Headquartered in King of Prussia, Pennsylvania, RDC is a provider of counterparty risk and financial regulatory compliance data and software solutions to financial institutions and technology companies, as well as sharing economy, social media, and multinational companies worldwide.
By combining data, a scalable platform, experienced analysts, and tailored analytics,
GI Partners has entered into an agreement to acquire Daxko from Pamlico Capital in a recapitalisation transaction with management.
Terms of the transaction have not been disclosed.
Headquartered in Birmingham, Alabama, Daxko is a provider of mission critical software to member-based health and wellness organisations. Daxko helps customers achieve operational efficiency, deliver strong fiscal management, and engage their members in meaningful ways.
Pamlico acquired Daxko, in partnership with management, in February 2014, and has supported the company as it completed two acquisitions, added over 50 employees, and grew revenue by approximately 30 per cent per year.
“Pamlico
Fried Frank has advised OpCapita on the raising of its second fund, OpCapita Consumer Opportunities Fund II.
Upon close, the fund reached its hard cap of EUR350 million, exceeding its debut fund, OpCapita Consumer Opportunities Fund, which raised EUR110 million when it reached its final close in December 2014.
The fund, which was significantly oversubscribed, builds on strong support from existing global investors, and also attracted new investors.
The fund intends to generate superior returns through a strategy of intense operational turnaround of underperforming businesses in the retail, consumer and leisure sectors in Europe.
The Fried Frank
Clearwater International has advised Greek private equity house Global Finance, the majority shareholder of TotalSoft, in addition to other shareholders, on the sale of TotalSoft to Logo Software Investment.
Logo, a subsidiary of Logo Yazılım Sanayi ve Ticaret, has acquired 100 per cent of TotalSoft shares for an enterprise value of EUR30 million.
According to market reports, the Romanian enterprise application software (EAS) market is expected to grow significantly over the next five years.
TotalSoft reported a revenue of over EUR20 million in 2015 and its international sales made up 23 per cent of the overall total. In 2016
Rutland Partners has completed the sale of Millbrook Group to Spectris for GBP122 million.
The disposal from Rutland Fund II realises for investors a return of over six times its investment.
Millbrook was acquired from General Motors for an undisclosed sum on 2 October 2013. It is a test, validation and engineering service provider for the automotive, transport, tyre, petrochemical, security and defence markets.
Established in 1968, Millbrook is located at the heart of the UK automotive and fuels industries. The business owns a 665-acre site offering extensive test and validation facilities which complement over 45 miles of
STAR Capital has acquired a majority stake in Globalways, a Stuttgart-based IT services and infrastructure business.
The investment is the second made by the STAR III Fund, following the acquisition of Synergy Health Management Services in July 2016.
STAR, in partnership with the founders and management team of Globalways, will commit around EUR60 million of growth capital to build a regional data centre business in Germany.
The continued growth in internet usage is driving an increasing need for data storage, distribution and access requirements while demanding the latest standards in IT security. This is happening at the same
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