Managers
Entrepreneur and philanthropist Dr BR Shetty is teaming up with equity partners associated with UAE investment firm Centurion Investments to acquire Travelex from Apax Partners.
Following completion of the transaction Lloyd Dorfman will be founder and president of Travelex and remain a shareholder. Peter Jackson, chief executive officer of Travelex, together with the existing management team, will continue to lead the company.
Dr Shetty’s principal investment portfolio includes significant holdings in nmc Health plc, UAE Exchange and Neopharma, as well as investments in hospitality, food and beverage businesses.
Centurion is an investment vehicle based in Abu Dhabi, owned and controlled
The Manchester office of mid-market private equity house LDC has backed the management buyout of Stroma, in a deal led by mid-market financial advisory group Altium.
The value of the deal has not been disclosed.
Based in Castleford, Stroma was established in 2002 by Matt Ferguson, Rob Coxon and Steve Turner.
The business now employs over 200 people across two divisions: Stroma Certification, a provider of training, accreditation and software products used throughout the UK energy assessment market; and Stroma Technology, a provider of energy-related technical consultancy services including assessment and advice relating to the energy performance of
Lynx Equity Limited has acquired Winfield Wood & Lath Limited, a British Columbia-based sawmill and lumber wholesaler.
Winfield joins Lynx’ expanding portfolio of over 30 companies as the first Western Canadian acquisition.
As it shifts its focus away from primarily Ontario-based acquisitions, Lynx has opened its second Canadian office, located in Calgary.
“Winfield has established an outstanding reputation in its industry through its ability to meet last minute orders and customise products for its customers. This, along with its consistent earnings, strong business model and solid position in the market place, make Winfield a natural fit for the
Private equity house Bowmark Capital and the private equity fund of the Rothschild Group, Five Arrows Principal Investments, have acquired Autodata Publishing Group for a reported enterprise value of GBP143 million.
Livingstone advised the shareholders of Autodata on the transaction.
Autodata, founded in 1975 by Richard Atherton and Dietmar Otto, is headquartered in Maidenhead and employs approximately 190 staff.
The company is a provider of technical information to the automotive aftermarket, publishing technical information on 17,000 vehicle models from 80 manufacturers. Its products provide over 80,000 professional workshops with access to a suite of up-to-date technical data and
Bedell Cristin in Guernsey has acted for Artex Risk Solutions in its acquisition of Heritage Insurance Management, the specialist captive and insurance management arm of Guernsey-headquartered Heritage Group.
Artex Risk Solutions provides a range of captive insurance solutions and alternative risk financing options for clients based primarily in the US and is a wholly-owned subsidiary of Arthur J Gallagher & Co, one of the world's largest insurance brokerage and risk management services firms.
The deal will see Artex expand beyond North America for the first time, with the acquisition of a fully-established European-based captive management facility, which will trade
Yoyo, a London-based mobile payment and loyalty app, has raised USD5m in seed funding, one of Europe's largest seed funding rounds this year.
Founded less than a year ago, the start-up is rolling out at the University of Westminster and University of Greenwich, which together serve over 50,000 students, visitors and faculty members across London.
The investment was led by technology commercialisation and investment group Imperial Innovations Plc, with co-investments from Firestartr, a new digital venture platform, and Telefonica Group. Notable angel investors brought into the round by Firestartr include Barry Smith, co-founder of Skyscanner; Mathias Entenmann, former managing director of
An affiliate of private equity group Warburg Pincus is to acquire Wencor Group, a designer, repair provider and distributor of aftermarket aerospace components, from Odyssey Investment Partners.
Terms of the transaction have not been disclosed.
Headquartered in Springville, Utah, Wencor is a provider of aftermarket components to the commercial, military and general aviation aircraft sectors. Customers include commercial airlines and maintenance, repair and overhaul (MRO) providers. Wencor's aftermarket distribution business provides a channel to more than 3,700 customers around the world.
"We are excited to have Warburg Pincus as our partner for the next chapter in the company's growth
Private equity firm Winona Capital Management has formed a strategic partnership with Chicago-based integrated marketing services firm Schafer Condon Carter (SCC).
The partnership will provide brand planning and creative services for both existing businesses as well as potential acquisitions of consumer-facing brands.
The partnership teams Winona Capital Management, an aggressive player in the mid-size private equity market primarily focused on consumer-branded companies from USD10 million to USD100 million in sales, with SCC, an independent agency with a portfolio of consumer branded clients across numerous product categories.
"Our business is all about building brands, and providing growth capital to
A year after its formal launch, the London Fund has secured over GBP28m of investment for 13 London businesses representing an investment rate in excess of one per month.
The companies include:
• Appear Here – an online service connecting landlord’s vacant spaces to people with ideas
• Boticca – an online marketplace for luxury fashion accessories
• Gousto – a home delivery service
• Somo – the world’s largest independent, full service mobile marketing specialist
• Wool and the Gang – a global fashion brand
• MBA & Company – a service connecting short-term consultancy projects to high quality independent professionals in that field
• Masabi – mobile
Carrick Capital Partners has made a majority investment in the Procura Group of Companies, a multinational organisation specialising in healthcare software and solutions.
Procura will remain under the leadership of Scott Overhill, who has been promoted from president to chief executive officer.
Procura is a software vendor for home care, hospice, community, aged, disability and residential care organisations across the US, Canada and Australia. The organisation is comprised of Procura Home Care Solutions, Progresa Healthcare Systems, ContinuLink Homecare Software and Procura Australia (formerly PeoplePoint Solutions).
"Procura is well positioned to become a dominant player in the global home
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