Genuine Parts Company is to sell its wholly-owned subsidiary EIS, the Electrical Specialties Group of Motion Industries, to Audax Private Equity (Audax).  GPC intends to use the net cash proceeds from the transaction in accordance with its disciplined capital allocation strategy. The use of these funds may include potential investments for both organic and acquisitive growth, reinvestments in the business, share repurchases and the repayment of debt. The transaction is expected to close by the end of September 2019, subject to the satisfaction of customary closing conditions. EIS is a well-established and growing North American fabricator, converter and distributor of

ClearCourse Partnership (ClearCourse), a group of technology companies providing software, services and digital capabilities to the membership, events & bookings and sports & leisure sectors, has acquired e-clinic, a patient and clinic management software provider.  The deal is ClearCourse’s 13th since its foundation in October 2018 and represents an expansion of Partnership’s product offering into the healthcare industry. e-clinic was founded in 2002 and continues to operate from its headquarters in Shipley, West Yorkshire, where it employs seven people. Its intuitive proprietary cloud-based software package, ‘e-clinic 2’ is used by clients around the world, from small private medical practices to

Graphite Capital, a UK mid-market private equity specialist, has backed the management buy-out of Hanson Wade, a conference organiser and provider of information services, focused primarily on the pharmaceutical and biotech industries. Hanson Wade’s management team is led by Tom Richardson, who has overseen a period of rapid expansion since being appointed chief executive in 2015. Between 2016 and 2018, the company’s portfolio of events almost doubled to 108 and its revenues increased by 117 per cent to GBP22.6 million.   Hanson Wade is based in London, but generates the overwhelming majority of its revenues in the United States, where

Equistone Partners Europe (Equistone) is to acquire a majority stake in Omnicare, a pharmaceutical wholesaler operating throughout Germany, that primarily distributes finished medicinal products to compounding pharmacies for the patient-specific production of cancer drugs.  Omnicare is being bought from a consortium of shareholders which will retain a stake in the company. The existing management team, led by Managing Director, Oliver Tamimi, will continue to run the company following the deal. The financial terms of the transaction are undisclosed and the acquisition remains subject to clearance from the relevant competition authorities. The transaction is expected to be complete in Q4 2019.

RSK, a UK-based integrated environmental, engineering and technical services consultancy, has acquired domestic subsidence investigation specialist Geocore Site Investigations Ltd.  The announcement marks the fifth acquisition for the fast-growing RSK group this financial year. Geocore Site Investigations is a company of 30 people based in Redcar, North Yorkshire. Founded in 1998, the company specialises in the investigation of domestic subsidence, providing detailed site surveys with foundation inspections and drainage CCTV. Its services include trial pitting, window sampling, rotary drilling and cable percussion drilling. Geocore’s range of specialist drilling solutions will complement RSK’s existing drilling services. “Geocore’s service provision complements RSK’s