Managers
Electra Partners has acquired mixing console manufacturer Allen & Heath from D&M Holdings.
A total of GBP43m of equity and debt has been provided by Electra Private Equity and Allen & Heath’s management.
Founded in 1969, Allen & Heath designs and manufactures audio mixing consoles for live sound, such as concerts, theatres and houses of worship. Allen & Heath’s existing team and distribution networks will remain in place.
Alex Fortescue, chief investment partner at Electra Partners, says: "The ability to invest across the capital structure, in this case funding both the equity and debt instruments, is a
A company wholly owned by funds managed by The Carlyle Group is to acquire Marelli Motori from Melrose Industries.
The transaction will be effected by the sale of Marelli Overseas Limited, the holding company of Marelli Motori, and is expected to close in August 2013.
Capital for this investment will come from Carlyle Europe Partners III, a EUR5.3bn fund that makes mid- and large-cap investments.
Founded in 1891, Marelli Motori is one of the world’s largest manufacturers of industrial generators and electric motors, serving worldwide markets for power generation, marine, oil and gas and industrial manufacturing.
Mitsubishi UFJ Trust and Banking Corporation (MUTB) is to acquire alternative fund administrator Butterfield Fulcrum. Established in 1927, MUTB is a wholly owned subsidiary of Mitsubishi UFJ Financial Group (‘MUFG’), the fifth largest global bank holding company ranked by assets.
“We are delighted and honoured to become part of the MUFG family of financial companies,” says Glenn Henderson, CEO of Butterfield Fulcrum Group. “This acquisition will reinforce our ability to deliver the highest quality fund services to our clients, while significantly increasing our breadth of products and services, our geographic reach and our financial strength."
Butterfield Fulcrum will become
Kennet Partners, the technology growth investor, and Fidelity Growth Partners Europe (FGPE), the pan-European growth investor, have acquired Rivo Software, a software company based in Warwick, UK.
Rivo Software is a provider of environmental, health and safety, quality and loss prevention management software. Founded eight years ago, the company helps businesses manage compliance and business risk through its cloud-based software. The company’s products are used in 82 countries, in 32 languages by over 140,000 people. Clients include ABB, BP, Chevron, Crossrail, Siemens, Thames Water, Veolia, and many others.
Simultaneous with the acquisition, Kennet Partners and Fidelity Growth Partners
Apax Partners, Altamir, LBO France and Nixen have signed an exclusive agreement with Bain Capital for the sale of Maisons du Monde, a specialist home decoration and furniture retailer.
The transaction is expected to be completed in the coming weeks.
Apax Partners and LBO France acquired a majority stake in Maisons du Monde in April 2008 partnering with its founder and chief executive Xavier Marie, the company’s management team, and Nixen.
Over the course of the last five years, Apax Partners, LBO France and Nixen have backed the company’s growth strategy, executed by Marie and his team
Vertos Medical, a specialist in treatments for lumbar spinal stenosis (LSS), has closed a financing of almost USD23m.
The proceeds will be used to fund US commercial expansion and the launch of mild in European markets.
The financing was led by Pitango Venture Capital and joined by existing investors including ONSET Ventures, CHL Medical Partners, Foundation Medical Partners, Mercury Fund and Aweida Venture Partners.
"We are pleased to partner with Pitango, an experienced investor with global presence, and we are fortunate to have the ongoing commitment and confidence of our existing investors," says James Corbett, Vertos’ president
Personetics, a provider of predictive customer engagement solutions for the banking industry, has completed its series B funding of USD11.5m, led by Lightspeed Venture Partners with existing investors Sequoia Capital and Carmel Ventures.
This investment will be used to drive sales and scale operations to meet the growing demand for predictive solutions that transform the digital experience for banking customers.
Following the series B funding, Yoni Cheifetz (pictured), partner at Lightspeed Venture Partners, will join the Personetics board.
“This round of funding is a significant milestone for Personetics that confirms the huge value and potential of our offering,
International law firm Taylor Wessing has advised Rutland Partners on the simultaneous acquisitions of AFI-Uplift in the UK, Access Rental Gulf in the Middle East and Hi-Reach in the UK for a combined enterprise value of circa GBP85m.
All three businesses are providers of powered access equipment rental for performing work at height. AFI also provides complementary services including safety related training and the resale of ex fleet and third party sourced machines. The triple acquisition cements AFI’s position as a leading operator in the UK market and creates an enlarged group that will be well positioned for further domestic and international
A consortium of the Russian Direct Investment Fund (RDIF), Titan International and One Equity Partners (OEP) has reached an agreement in principle with Cordiant to invest in Voltyre-Prom, a Russian agricultural and industrial tyre manufacturer.
The transaction is expected to be finalised in the near future.
As result of the investment the consortium will own a controlling stake in Voltyre-Prom, with Titan International becoming its managing partner. The consortium’s investment will allow Voltyre-Prom to update its operations, grow its production of specialty tires for international agricultural machinery, reduce imports by shifting production to Russia and begin to explore
The Abraaj Group is to acquire a 100 per cent stake in Fan Milk International (FMI), a West African manufacturer and distributor of frozen dairy products and juices.
Established over 50 years ago, FMI currently operates through subsidiaries in the rapidly growing markets of Ghana, Nigeria, Togo, Ivory Coast, Benin and Burkina Faso. The company has built and controls a unique and fully integrated regional manufacturing and distribution cold chain network, as well as a broad portfolio of convenience food and beverage brands that reaches over 31,000 end-sales points. FMI, through its subsidiaries, currently sells over 1.8 million products
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