Managers
Private equity firm Excellere Partners has completed investments in Frontline Energy Services and G2 Partners forming an integrity and risk management solutions provider focused on the energy and utility industries.
Frontline, headquartered in Flagstaff, Arizona, offers a host of integrity management services, including programme management, environmental and governmental compliance, field inspection, GPS data collection, cross-bore program implementation, and distribution integrity management program administration.
G2, headquartered in Houston, Texas, specialises in providing integrity and risk management solutions to the energy industry, including pipeline data and records management, pipeline and facilities integrity engineering, GIS and systems engineering, regulatory compliance support, strategic
Italian Angels for Growth (IAG), Zernike META Ventures, through the Ingenium Emilia Romagna II Fund, and Atlante Seed are to invest in the growth of CellPly, an Italian start up specialised in molecular diagnostics.
The overall investment will come to over EUR2m and will involve the same business team as well as venture capital funds and numerous business angels that will take part in the operation.
It represents one of the biggest seed capital investments carried out in Italy and seeks to contribute to the completion of the prototyping phase of the diagnostics platform developed by CellPly.
The
Private investment firm Inverness Graham Investments has completed its sale of lCCNexergy, a provider of rechargeable power solutions.
The sale of ICCNexergy generated a 5.5x gross cash-on-cash return and a 34 per cent gross IRR for Inverness Graham I.
Under Inverness Graham's ownership, ICCNexergy increased revenue by more than seven times and EBITDA by more than 15 times through both organic and acquisitive growth.
Inverness Graham initially invested in regional battery pack supplier EletriTek-AVT in 2007 and shortly thereafter acquired Nexergy, forming Nexergy Inc. Since then, the company has completed three add-on transactions. The 2010 merger of
HIG Capital’s portfolio company, Trinity Services Group, has completed the acquisition of Swanson Services Corporation, a provider of commissary products and integrated software services to correctional facilities.
Based in Denver, Colorado, Swanson has been owned and operated by three generations of the Swanson family since its founding in 1983. Over its 30 year history providing correctional fiduciary technology, Swanson has established a national presence with over 500 clients in 41 states.
“With the acquisition of Swanson completed, we are excited to expand our secure commissary operations to new markets and clients, while offering a growing array of services and
Integrated DNA Technologies (IDT) has secured a minority investment by growth equity investor Summit Partners.
IDT’s founder Dr Joseph Walder will remain the company’s majority owner.
Additional terms of the investment have not been disclosed.
IDT is the world’s largest manufacturer of custom nucleic acid products. The company supplies scientists with synthetic DNA and RNA sequences, serving the academic research, biotechnology, clinical diagnostics, and pharmaceutical sectors.
“Our success is based on the highest quality custom biology products, delivered quickly, and a significant investment in research and development,” says Dr Walder. “My team and I have gotten to
Goldman Sachs and Vestar Capital Partners are to acquire Hearthside Food Solutions, the largest independent bakery and contract food manufacturer in North America, from Wind Point Partners.
Terms of the transaction, which is expected to close in the second quarter of 2014, have not been disclosed. Goldman Sachs and Vestar will own equal stakes in the company.
Hearthside Food Solutions is the US’s largest independent bakery and a full-service contract manufacturer of grain-based food and snack products. Hearthside offers a product portfolio focused on four main platform categories – bars, cookies/crackers, granola/cereals, and snacks. The company manufactures more than
Private equity investment firm Zoyi Capital has invested in Pink Mary, a manufacturer and distributor of high-end women’s fashion in China.
The investment represents the first deal for Zoyi Capital’s Fund I and will see the firm take a controlling interest in Pink Mary with the company’s founders retaining significant stake.
“Zoyi Capotal has identified strong momentum in the high-end segment of the lady apparel market in China and we believe Pink Mary is uniquely positioned in terms of design and style to capture this growth,” says Andrew Kuo, founding partner and CEO of Zoyi Capital.
Invenias, a provider of software solutions to the executive search and recruitment sector, has completed a follow-on funding round led by MMC Ventures, bringing the total raised in this round to USD2m.
In addition, Mark Farmer, the UK tech veteran who co-founded Cramer and Eden Ventures, joins the company as chairman and continues to invest privately in the business.
Invenias has recently been listed in the British Venture Capital Association’s ‘Britain's Hot Talent’ – the 100 most inventive, exciting and fastest-growing companies in the UK today.
This investment follows a previous MMC Ventures-led USD1.5m funding round in July
Private equity firm Roark Capital Group has acquired Central Jersey Waste and Recycling and its sister entities, Premier Food Waste Recycling and Central Repairs (collectively CJW).
CJW is a provider of waste and recycling services to the New Jersey and Pennsylvania markets.
Headquartered in Ewing, New Jersey, CJW provides non-hazardous solid waste collection, hauling and processing services to nearly 30 municipalities and approximately 1,000 commercial customers. The company also collects and transports organic and food waste products for commercial and residential customers.
Roark formed Synergy to serve as a growth platform with the goal of building a scalable
Private equity firm Thoma Bravo is to acquire TravelClick, a provider of revenue generating cloud-based solutions for the USD500bn global hospitality industry.
Thoma Bravo has agreed to acquire TravelClick from Genstar Capital for USD930m. The transaction is expected to close in the second quarter of 2014.
“The acquisition of TravelClick is consistent with Thoma Bravo’s strategy of investing in market leading companies with significant recurring revenue streams,” says Holden Spaht, managing partner at Thoma Bravo. “Larry Kutscher and his team have established an impressive track record of growing TravelClick rapidly and expanding the company’s services to its customers. We
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