Managers
Middle market private equity firm Genstar Capital Management has acquired Tecomet, a precision contract manufacturer supporting the medical device and aerospace and defence industries.
The acquisition is in partnership with the company's management. Tecomet was previously a portfolio company of Charlesbank Capital Partners.
Founded in 1964 and based in Wilmington, MA, Tecomet manufactures orthopaedic implants, precision surgical instruments, trauma plates and photochemical etched products for medical device customers. Tecomet uses its prototyping and engineering capabilities to produce highly complex products that provide solutions for its customers' most demanding products and applications. Tecomet is also a leading manufacturer of precision
Omnes Capital has invested EUR1.5m in Cooltech Applications, a specialist in magnetic refrigeration.
Omnes Capital is Cooltech’s third new investor in 2013, following investments by Demeter Partners and 123Venture.
Cooltech Applications is the first company in the world to offer economical, industrial and environment-friendly refrigeration and air-conditioning solutions, based on magnetic cold technology.
Magnetic cold is presented as the most credible alternative to existing compression based refrigeration technologies by the American Department of Energy and the European Commission.
“Magnetic cold developed by our company imposes itself as the solution that meets the needs of both the industry
Energy-focused private equity firm First Reserve’s Fund XII has acquired Dixie Electric from One Rock Capital Partners, a private investment company that provides equity capital for middle-market businesses.
Dixie is a US provider of electrical infrastructure materials and services to the upstream oil and gas sector. Financial terms of the transaction have not been disclosed.
Founded in 1951, Dixie provides electrical infrastructure and automation services from initial development throughout the life of an oilfield, including ongoing infrastructure upgrades and periodic maintenance. Further, the company has exposure to several important upstream trends with significant electrical requirements such as automation, artificial
European Capital and its consolidated subsidiaries have received proceeds of EUR25.5m from exiting their investment in Biscuits Poult.
European Capital's exit comes as Poult sold 100 per cent of its Polish subsidiary (Dr Gerard) to Bridgepoint and used related disposal proceeds to prepay in full the acquisition facilities put in place in 2006 to support LBO France's secondary buyout of the Company.
At that time, European Capital invested EUR12.5m in the mezzanine and second lien facilities. In December 2012, it acquired EUR7.5m additional senior and second lien facilities on the secondary market. This repayment allowed European Capital to realise
AkzoNobel has agreed the sale of 69 of its 72 specialist paint stores to five independent wholesalers and their subsidiaries.
Some of the stores and employees will transfer to the new owners (Schlau Hammer, MEG Rhein Ruhr, MEG Paderborn, MEG West and Wei-gel) at the end of 2013 and some at the end of the first quarter of 2014. The purchase price was not disclosed.
A CMS team led by employment law partner Dr Angela Emmert and corporate partner Dr Ernst-Markus Schuberth advised AkzoNobel on all legal aspects of the transaction.
The divestment and focus on the firm's
International investment bank Altium has completed a trio of deals in the UK, bringing its total for the year so far to 38.
In Q4 2013, the Manchester headquartered firm advised on deals including:
· The sale of online retailer ActivInstinct to JD Sports, to help the business extend its e-commerce and outdoor performance operations;
· The sale of Crewe-based healthcare provider Baywater Healthcare to mid-market private equity group Duke Street, from US-listed Air Products; and
· The sale of oil and gas recruitment company Mentor IMC Group to European-based VINCI Energies, to strengthen the firm’s network of contacts in
Sovereign Capital portfolio company Kindertons has acquired Plantec Holdings in its first acquisition since being backed by Sovereign in October this year.
Plantec is a fully outsourced claims solution provider to the motor insurance industry.
Plantec manages c.15,000 claims each year including both car and motorcycle claims. Specialising in motorcycles, the company’s 64 staff process c.6,000 non-fault motorcycle claims and work with insurers in providing hire motorcycles to these riders. Plantec provides a hire solution from its fleet of 400 bikes, all being major recognised brands, and a high quality repair solution for customer bikes. Based in Dudley and
RLJ Equity Partners has acquired Naylor, a provider of outsourced business and communications services for the North American association marketplace.
Founded in 1969, Naylor provides customised communications and business services that include a full suite of print and digital media, event management, exchange event and related marketing and business services for over 450 associations in the US and Canada.
Naylor's services help associations communicate with members, build their brands, and generate non-dues revenue.
"Naylor is the leading brand in the outsourced communications and business services marketplace for associations in North America," says Jerry L Johnson, managing director of
International trust, fund and corporate service provider First Names Group has completed a transaction to purchase Citadel Services in Luxembourg.
The acquisition of Citadel is First Names Group’s third acquisition this year and will provide the group with a much sought after presence in Luxembourg.
Earlier this year First Names Group bought international fund business Moore and trust and corporate service provider Basel, providing it with a greater global presence and increased headcount to 460 “First Names” across nine locations.
Established in 1984, Citadel is an administration organisation offering corporate services from consultancy to accounting. It covers aspects
BDO, the accountancy and business advisory firm, has released data that shows a strong M&A pipeline heading into 2014.
Using an analysis of its own deal leads, it has found that a ‘perfect storm’ has developed on the back of growing demand from buyers – particularly from overseas looking to invest in UK companies, an increasing availability of funding for deals and a more buoyant economy that is now even reaching sectors hit very badly by the previous recession such as building products.
The regional spread of lead volumes has changed dramatically in 2013, where London’s dominance has been
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