Managers
An affiliate of One Rock Capital Partners (One Rock) is to acquire Newell Brands’ Process Solutions business.
Headquartered in Greenville, South Carolina, Process Solutions is a manufacturer and material sciences company that offers custom-designed plastic, nylon, monofilament and zinc products in the health care, consumer, and industrial end markets. By leveraging its value engineering and manufacturing technology, the business services a wide variety of commercial industries and customers, as well as governmental agencies globally. Process Solutions is also the primary supplier of copper-plated zinc penny blanks to the United States Mint as well as a supplier of coinage to other
WIT Fitness, a London-based sports retail business focusing on training footwear and apparel, has secured a GBP2m investment from growth capital investor VGC Partners.
This follows the explosion of global sneaker sales activated by ecommerce, a trend which has also been adopted by the consumer of the ever growing communities in functional fitness training programmes such as high intensity interval training (HIIT) and CrossFit.
Founded by former amateur athlete Dan Williams and sports retail expert Sam Kitching in London in 2015, WIT Fitness operates an online retail platform in both the UK and US markets, selling branded training footwear
Financial services-focused private equity firm Preservation Capital Partners (Preservation Capital) has completed its strategic investment in US construction-focused MGA Cove Programs (Cove) after receiving all necessary regulatory approvals.
Together with insurTech-driven cyber and specialty lines MGA Ascent Underwriting (Ascent), which Preservation Capital acquired an interest in last year, the deal has created one of the largest independently-owned specialty lines MGAs, managing more than USD200 million GWP.
Ascent and Cove will continue to operate under their respective market-leading brands. Each is a pioneer in speciality product development and distribution within their own markets, supported by best-in-class underwriting and claims teams. The
Packhelp, a Warsaw-based startup that allows users to design and order their own custom-branded packaging, has raised EUR8.5 million in one of the largest Series A rounds in the CEE region.
White Star Capital led the investment, along with the participation of existing investors. The raised capital will be used primarily to accelerate growth in Europe.
Packhelp was founded in 2015, as a solution for the painful experience of ordering custom-branded packaging. The company founders, who have a background in marketing, sales, printing and IT, decided to leverage their knowledge to disrupt the old fashioned industry. The result is
Luxcara, an asset manager specialising in renewable energy investments, and MEAG, the asset manager of Munich Re and ERGO, have initiated and structured a project bond to finance the Skinansfjellet und Gravdal wind farms in Norway.
Similar to the financing of the wind farm Eikeland-Steinsland in July 2018, a lower three-digit million euro amount of projects bonds has been privately placed with investors of the Munich Re group, the Austrian insurance company UNIQA and one further European insurance group. Equity is provided by a renewable energy fund for institutional investors, which is advised by Luxcara.
The wind farms Skinansfjellet and
innogy Innovation Hub, which is funded by innogy SE, a Germany energy company, to invest in and mentor technology start-ups, invested in 61 companies in 2018 through new and follow-on financing rounds, growing the value of its portfolio by more than 50 per cent.
Including co-investments and investments into other VC funds, the Innovation Hub has funded almost 90 start-ups.
At the same time, innogy Innovation Hub has continued to focus on supporting its portfolio, with a strategic focus on providing acceleration opportunities. In 2018, the Hub participated in 10 accelerator programmes globally, presenting opportunities for more than one-third
French group Evolucare, which is backed by Essling Expansion has acquired Axapa, a software publisher founded in 2012 by Olivier Rialland focused on the medico-social sector and in particular institutions dedicated to people with disabilities.
Axapa, whose revenue reached EUR4.5 million in 2018, serves 120 customers accounting for more than 2,500 institutions.
For Elie le Guicher, President of Evolucare, says: “The acquisition of Axapa allows the Group to change its scope in order to pursue its vigorous growth in France and abroad.”
“The Evolucare Group will provide significant support for our development, the related synergies are numerous,” says Rialland, President
Align Capital Partners’ (ACP) portfolio company Pleatco, a manufacturer of aftermarket cartridge filters for the pool and spa industry, has expanded into the industrial air filtration market with the acquisitions of APEL International (APEL) and Milton Manufacturing (Milton).
APEL designs and manufactures pleated filter cartridges, pleated bags, and other filtration products for mission-critical industrial air applications.
“APEL’s library of more than 5,000 custom and stock filters provide its distribution and OEM customers with the broadest range of aftermarket filtration products in the industry,” says Paul LaCroix, founder of APEL. “I’m excited to continue our legacy as a high-quality manufacturer
LBO France has acquired a majority stake in the capital of the Passman group. The company’s two co-founding managers have also invested as part of the deal, while Andera Partners is reinvesting via its ActoMezz team.
This acquisition is in keeping with LBO France’s Small Cap strategy dedicated to growing French and Italian SMEs and follows a remarkable period of growth (revenues have increased from EUR13 million to EUR28 million in five years) since the sponsorless LBO of April 2014 led by ActoMezz and the Siparex Group.
The Passman group, set up in 1995 by Frédéric Levy, as well
Bowmark Capital is backing the buy-out of Pirum Systems, a provider of post-trade market infrastructure technology for the global securities finance industry, from Five Arrows Principal Investments.
The transaction, which is subject to regulatory approval, is expected to complete in April 2019.
Founded in 2000, Pirum provides a secure, centralised automation and connectivity hub for global securities finance transactions, enabling complete automation of the post-trade and collateral lifecycle. The company delivers its services over a fully hosted, multi-tenanted SaaS platform to over 120 market participants, processing over USD2 trillion of trades and collateral daily. Pirum’s services provide them with
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12 November, 2026 – 8:00 am
12 November, 2026 – 5:00 pm
