Managers
An O’Melveny team has advised PMC Capital Partners (PMC Capital) on the sale of StyroChem Canada (StyroChem) to Epsylite Holdings (Epsylite), a portfolio company of Balmoral Funds (Balmoral).
Financial terms of the transaction have not been disclosed.
StyroChem was founded in 1975 and was one of the first manufacturers of expanded polystyrene (EPS). StyroChem continues to supply high quality EPS products for customers across the globe from its base in Quebec, Canada. PMC Capital acquired the business back in August 2019.
The O’Melveny team guiding PMC Capital on this transaction was led by Corporate partner David Smith and counsel
Main Capital Partners (Main), a European software investor, has completed capital raises for two new funds, raising EUR1.21 billion in total.
Following the launch of Main Capital VII and Main Foundation I, Main’s total assets under management (AUM) have more than doubled, to approximately EUR2.2 billion. Main will deploy these funds to further grow and develop strong European software groups in multiple market segments, targeting local buy-and-build strategies as well as cross-border growth.
Charly Zwemstra, Chief Executive Officer of Main Capital, says: “We aim to play a key role in the consolidation of the fragmented software market by building leading
UniversalCIS, a technology-enabled provider of credit data and related origination solutions in the mortgage industry, and Credit Plus, a leading provider of mortgage verifications and business credit reports, have merged their companies.
As a result of the merger, the new company will become the largest in the industry and serve over 6,500 clients in the North American mortgage market including banks, non-bank mortgage lenders, credit unions and mortgage brokers.
Credit Plus brings over three decades of experience assisting more than 2,500 lenders with its information and verification services throughout the mortgage origination process. UniversalCIS has over 4,000 clients and
Following the acquisition of Vannin Capital by funds managed by Fortress Investment Group in 2019, the operations of Vannin Capital are now being restructured into the Fortress Legal Assets business.
As part of the restructuring, a number of Vannin Capital employees will transfer to Fortress. This change will have no impact on Vannin Capital’s existing investments, and Vannin Capital will remain the counterparty to its various litigation funding agreements. The restructuring is taking effect immediately.
“We are confident that this combination will further strengthen our leadership position in the litigation finance market, broadening our sourcing capabilities and bringing counterparties the
CDC Group (CDC), the UK’s development finance institution and impact investor, has announced a USD100 million commitment to African Development Partners III, the Fund advised by Development Partners International LLP (DPI) – a leading pan-African private equity firm.
CDC’s latest commitment supports ADP III fundraise as it closes at USD900 million, becoming one of the largest funds dedicated to investing in Africa.
ADP III will target medium-sized and large companies in Africa, thereby facilitating greater job creation, economic diversification, and market expansion, whilst also funding essential services through corporate taxes. As part of its strategy, the fund will also
Beringea, a transatlantic venture capital firm, has led a GBP2 million investment into Plank Hardware, a direct-to-consumer home décor brand whose stylish hardware products have tapped into the boom in DIY and renovation projects among millennial and Gen Z consumers.
Plank Hardware was founded in London in 2019 by Tom Revill and Annie Aveyard. The husband-and-wife duo identified an opportunity to provide high-quality, design-led products that could enable aspiring DIY enthusiasts to create beautiful home renovations on a modest budget. Its products today span handles, hooks, knobs, and rails that provide the perfect finishing touch to DIY projects and inspire
Funds advised by Apax are to acquire Eating Recovery Center (ERC Pathlight), a provider of eating disorder and mood and anxiety treatment in the US, in partnership with Oak HC/FT and management, from CCMP Capital.
ERC Pathlight is a specialist in eating disorder treatment. The company’s differentiated clinical model meets patients where they are in their treatment journey by offering the full continuum of higher levels of care. Through the recent expansion of its Pathlight division, ERC Pathlight addresses a more comprehensive set of behavioural health conditions including primary mood and anxiety disorder treatment. ERC Pathlight lowers financial barriers to
Varagon Capital Partners, LP (Varagon) is serving as Administrative Agent, Joint Lead Arranger and Joint Bookrunner on a senior secured credit facility to support the acquisition of Fireboy-Xintex by United Safety & Survivability Corporation (USSC).
USSC is a portfolio company of private equity firm Dubin Clark.
Arsenal Capital Partners (Arsenal), a private equity firm that specialises in investments in healthcare and industrial companies, has completed a majority recapitalisation of BioIVT, Inc (BioIVT) with Linden Capital Partners (Linden), a Chicago-based healthcare private equity firm. The terms of the transaction were not disclosed.
Headquartered in Westbury, New York, BioIVT is the market leader in providing of mission-critical biological specimens and value-added services for the academic research, pharmaceutical, and diagnostics discovery and development markets.
Gene Gorbach, an Investment Partner of Arsenal, says: “We are proud to have partnered with the talented team at BioIVT in building an enterprise
Goldman Sachs veteran Sheila Patel has joined the board of Antler, as the global early-stage venture capital firm continues its international expansion.
With three decades of experience in financial asset management, Patel has become a global leader in the asset management industry.
Previously, Patel was chairman of Goldman Sachs Asset Management based in London, and a member of the bank’s Firmwide Management Committee, holding leadership roles in two divisions across three continents. Before Goldman Sachs, Patel headed up Trading Strategy at Morgan Stanley for seven years. As the current Vice Chairman of B Capital Group, the venture capital firm
Events
12 November, 2026 – 8:00 am
12 November, 2026 – 5:00 pm
