Managers
Growth Catalyst Partners-backed The Equine Network (Equine Network), a tech-enabled membership services platform to the USD130 billion US equine industry, has completed the acquisitions of two subscription video on demand (SVOD) companies, Roping.com and EventingTraining.com, along with other key domains to be developed. Terms of the transactions have not disclosed.
Roping.com and EventingTraining.com are VOD training platforms in the equestrian disciplines of team roping and eventing respectively, featuring databases of instructional videos from elite trainers and competitors, along with mobile apps, member-only communities, and access to feedback from world champion coaches.
Roping.com and EventingTraining.com, along with other domains still
Sila Heating and Air (Sila), a port folio company of private equity firm Dubin Clark, has completed two acquisitions: NETR Inc (NETR) and John S Parker Home Service (JSP). Financial terms of the transactions have not been disclosed.
Sila Heating and Air is a leading provider of HVAC replacement, service, maintenance, plumbing solutions, and water treatment to a diversified base of residential customers. Sila services homeowners in the greater Philadelphia, Boston, DC, NY/NJ/CT tri-state area and Hudson Valley. The company was founded in 1989 and is headquartered in King of Prussia, Pennsylvania. The NETR and JSP acquisitions are the fifth
A new report from technology-focused investment bank ICON Corporate Finance, has revealed record-breaking tech deal activity in the first quarter of 2021, up 28 per cent on Q1 2020, with 268 deals announced.
Evidencing resilience within the sector and a huge appetite for Vertical and Enterprise Software organisations, ICON believes M&A activity is yet to see its peak, and could easily surpass the UK total of 711 tech M&A deals completed last year.
Digital transformation, fast-tracked by lockdowns across the world, has created a plethora of new digital solution providers that are grabbing the attention of overseas PE backed
Funds advised by Equistone Partners Europe (Equistone) have acquired a majority stake in TIMETOACT GROUP, an IT consultancy and services provider for medium-sized businesses, large corporations and public sector institutions, based in Cologne, Germany.
With Equistone, TIMETOACT GROUP shareholders Felix Binsack and Hermann Ballé have brought a partner on board who will continue to support TIMETOACT GROUP’s already successful buy-&-build strategy with both know-how and capital. The two will continue to lead the company as managing directors and retain a significant stake, while Frank Fuchs will join the management team as CFO. The financial terms of the transaction are undisclosed
VAST Data, the storage software company breaking decades-old tradeoffs, has secured USD83 million in a Series D funding, led by Tiger Global Management, at a post-money valuation of USD3.7 billion – a tripling of the company’s valuation since April 2020.
Read the full story at Hedgeweek…
Offen Petroleum (Offen), an independent fuel distributor, is acquiring the business assets of Petromark, a motor fuel distributor, and Petromark Transportation, its affiliate trucking company.
Offen is a provider of motor fuel, propane, lubricants, and petroleum logistics services in 23 states in the Midwest and Western US The business combination further expands Offen’s footprint more deeply into Arkansas, Missouri, and Oklahoma.
Petromark is owned jointly by Stephen Lair and Steve Turner and is a significant wholesaler of motor fuels in Arkansas, Missouri, and Oklahoma. The company sells branded motor fuels under the Shell, Phillips 66, Valero, Sinclair, Conoco and
One Equity Partners (OEP), a middle market private equity firm, has sold INTREN, a nationwide specialty utilities contractor primarily providing distribution network services for electrical and gas infrastructure, to MasTec Inc infrastructure construction company, for USD420 million, including a contingent earnout through year end 2021.
Headquartered in Union, Ilinois, and founded in 1988, INTREN’s approximately 2,000 skilled professionals in 14 states across the US provide turnkey contracting services to the nation’s largest electrical and gas utilities, private contractors, municipalities, commercial businesses and cooperatives.
“OEP identified both the utility services industry as an attractive growth market and INTREN as a leading
Funds managed by Harvest Partners SCF, the non-control private equity strategy of Harvest Partners, have signed a definitive agreement to lead a minority investment in HelpSystems.
HP SCF will join existing investors TA Associates (TA), Charlesbank Capital Partners (Charlesbank), HGGC and HelpSystems employees.
Thousands of organisations around the world rely on HelpSystems’ cybersecurity and automation software solutions to protect important information and automate manual processes.
“With its robust organic growth, successful acquisition strategy and notable customer loyalty, HelpSystems represents an exceptional investment opportunity. We are excited to partner with management, TA, Charlesbank and HGGC to support HelpSystems’ continued
Gen II Fund Services, LLC, an independent private equity fund administrator, has announced that the firm’s assets under administration (AUA) now exceed USD450 billion.
Ropes & Gray has advised NeoGenomics, Inc, a provider of cancer-focused genetic testing services and global oncology contract research services, on its acquisition – including its financing via private placement of equity – of Inivata Ltd, a global, commercial stage liquid biopsy platform company, headquartered in Cambridge, UK.
The acquisition follows a USD25 million minority equity investment by NeoGenomics in Inivata in May 2020, at which time NeoGenomics was granted a fixed price option to purchase the remainder of Inivata for USD390 million prior to December 31, 2021. The cash purchase price will be funded with balance sheet cash and
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