Managers
Morgenthaler Private Equity (MPE) has recapitalised Polytek Development Corp, a manufacturer of liquid mould rubbers and casting plastics.
Customers use Polytek's proprietary chemicals to create flexible molds in order to reproduce highly-detailed, complex objects in a variety of industrial and consumer applications, including concrete casting, special effects, tooling, sculpture, and prototyping.
MPE partnered in the transaction with existing shareholders and the senior management team, including retiring President David Salisbury, who will assume the role of Chairman of the Board of Directors.
Joe Machado (pictured), Partner at MPE, says: ”We are excited to partner with Polytek and support the
Private equity firm Wellspring Capital Management has created a new flexible packaging company through the merger of portfolio companies Prolamina Corporation and newly acquired Ampac Holdings.
Financial terms have not been disclosed.
The combined company, which will be headquartered in Cincinnati, Ohio, will have a strategic geographical footprint and enhanced product offering unparalleled in the industry. Ampac's range of adhesive lamination, rotogravure printing capabilities and innovative packaging solutions is highly complementary to Prolamina's cost advantageous extrusion lamination and flexographic printing technology.
John E Morningstar, a Managing Partner of Wellspring who leads the firm's activities in the packaging sector,
11health has completed a new round of funding, raising a total of GBP775,000 from six angel investors, on top of the initial funding round of GBP500,000. This brings the total funding to over GBP1.25 million.
This round of funding enables the business to extend the management team and more effectively pursue an aggressive sales and marketing strategy in the UK and the US. It will also further establish the award-winning Ostom-i Alert as the leading medical device for bowel disease patients and develop other connected device products across the healthcare marketplace.
To support the growth strategy, 11health has appointed
European private equity firm Vitruvian Partners has acquired a majority stake in Voxbone SA, a cloud-based provider of international voice over internet protocol (VoIP) services delivering communications solutions for enterprises worldwide.
With Vitruvian’s backing, Brussels-headquartered Voxbone will look to drive its next phase of growth as it further strengthens its position as a unique player in the rapidly growing cloud communications market. The Company is the global market leader in providing geographical, mobile and toll-free numbers (Direct Inward Dialling or “DID”) and associated network capacity for enterprise customers routing and enabling the receipt of calls, messages and data communications over
Private equity firm HIG Capital has recapitalised United States Medical Supply (US MED), a direct-to-consumer mail-order medical supply business, focused on patients with chronic conditions, in partnership with management.
Headquartered in Miami, FL, US MED provides medical supplies to patients suffering from chronic conditions, including diabetes, sleep/respiratory disorders, and urological conditions who need such supplies daily. US MED is among the largest and most efficient direct-to-consumer providers of medical supplies in the nation, with a best-in-class IT, compliance, and operating platform. The Company provides a compelling value proposition to all healthcare constituents, including patients, payers, physicians, and manufacturers. US MED
A wholly-owned, indirect subsidiary of Seagate Technology is to acquire Dot Hill in an all-cash transaction valued at USD9.75 per share, or a total of approximately USD694 million on a fully-diluted equity value basis.
As Dot Hill has approximately USD49 million in cash on its balance sheet as of June 30, 2015, the transaction reflects an enterprise value of approximately USD645 million. The consideration represents a 50 per cent premium over the preceding three month stock price average.
Dot Hill’s external storage array-based systems and software products will complement and expand Seagate’s storage systems offerings and be offered as part
The real estate funds industry is alive and well from an asset raising perspective. In 2012, private RE funds closed with USD72 billion in committed institutional assets. By 2014, that number had increased by 45 per cent, according to leading alternative asset data provider, Preqin.
While this is encouraging, the reality is that for most RE managers, the playing field has become extremely competitive as more players enter the arena to compete for a share of the assets.
Institutional investors favour the big global names in real estate who are attracting the lion’s share of assets, in a similar fashion
SpotHero has closed a USD20 million Series B round led by Insight Venture Partners.
SpotHero’s existing investors – Battery Ventures, Bullpen Capital, Chicago Ventures, Draper Associates, OCA Ventures, Pritzker Group Venture Capital and 500 Startups – also participated in the round along with Monkfish Equity, an investment group started by the founders of trivago.
With this latest funding, SpotHero has raised USD27 million in total capital. The company will use the investment to accelerate marketing efforts, explore strategic relationships and hire 25 new positions in Chicago, New York City and San Francisco.
SpotHero’s on-demand parking service provides a
Preqin’s Real Estate Online provides comprehensive profiles for the 49 institutional investors based in Boston that actively invest in the real estate asset class, collectively representing over USD1.1 trillion in assets under management. The largest proportion of institutional investors are foundations, representing a quarter of investors located in the city. Boston has a strong private wealth industry; a fifth of real estate investors based in Boston are wealth managers and a further 14 per cent are family offices.
Read the full factsheet here, which contains charts, tables and analysis of the private real estate investor universe in Boston.
The Scottish Investment Bank (SIB), Scottish Enterprise’s investment arm, has relaunched its co-investment funds, with the aim of investing up to GBP75 million into companies across Scotland over the next three years.
By streamlining its co-investment funds from four to two and widening the investment parameters, SIB is increasing flexibility and accessibility for businesses and investors who will now be able to easily identify and seek to access the appropriate investment fund where there is a funding gap and request for SIB investment.
The enhanced funds – the Scottish Co-Investment Fund (SCF) and the Scottish Venture Fund (SVF) –
Events
12 November, 2026 – 8:00 am
12 November, 2026 – 5:00 pm
