Managers
RM Funds, the investment manager of RM Secured Direct Lending (RMDL), a listed specialist in debt solutions for businesses, has structured and made an initial investment in a bespoke five-year, GBP10 million loan note programme for Praetura Commercial Finance (PCF).
PCF is an independent asset based lender backed by Praetura Group, a Manchester based provider of alternative debt and equity solutions to UK SMEs.
Praetura Commercial Finance’s senior team combines over 80 years asset based lending experience delivering multi-asset facilities, to create innovative working capital solutions for SMEs.
RMDL has invested an initial GBP2 million in the bespoke
Sentinel Capital Partners, a private equity firm that invests in promising companies at the lower end of the mid-market, has acquired Mobile Communications America (MCA), a provider of communications solutions and services in North America and one of Motorola Solutions’ largest channel partners.
Terms of the transaction have not been disclosed.
Founded in 1988 and headquartered in Spartanburg, South Carolina, MCA is a provider of communications and network solutions and services which enhance the safety, security, and operating efficiency of a diverse base of more than 10,000 customers. MCA’s customer base includes public safety institutions and some of the
Ropes & Gray represented the executives of Spirit Music Group, an independent music publisher, in the USD350 million recapitalisation of the company, announced on 25 January.
The firm’s team, led by asset management partner Sarah Davidoff, advised Spirit executives Jon Singer and Ross Cameron, who secured capital commitments from a consortium of investors to form Lyric Capital Royalty Fund I, LP. The fund was formed to acquire Spirit, and also to make future investments in music-driven intellectual property assets.
A separate Ropes & Gray team led by private equity transactions partner Dan Evans advised on the fund’s purchase of
Resilience Capital Partners, a private equity firm that invests in middle-market companies, has completed the sale of its portfolio company Thermal Solutions Manufacturing to Altus Capital Partners, Inc, an investment firm focussed on the North American manufacturing sector.
Nashville, Tennessee-headquartered Thermal Solutions Manufacturing is a leading manufacturer and distributor of heavy-duty and light-truck heat exchange and temperature control products including radiators, condensers, air coolers and evaporators. Resilience Capital Partners acquired the company, formerly the Heavy Duty Division of Vista Pro Automotive, in 2012 through The Resilience Fund III.
“At Thermal Solutions Manufacturing, we executed a long-term strategy for the business
Aero Capital Solutions (ACS), a mid-life aircraft leasing platform, has held the successful final closing on its first aviation investment vehicle with total aggregate equity commitments of USD200 million.
Investors include a broad group of sophisticated investors, registered investment advisers, and single and multi-family offices. In addition to the USD200 million of equity, ACS closed on a USD400 million debt facility with a multinational investment bank providing a total of approximately USD600 million of capital for deployment.
Adam Davidson, ACS’ EVP of Business Development, says: “We were pleased to see the strong demand for our first offering from such
Arthur J Gallagher & Co is to acquire the global aerospace operations of Jardine Lloyd Thompson Group plc (JLT). The acquisition, subject to European Commission approval, is scheduled to close this spring in connection with the closing of the JLT purchase by Marsh & McLennan Companies, Inc.
The agreement provides for the acquisition of all assets within JLT’s global aerospace retail and wholesale insurance broking division, which includes operations in the UK, US, Canada, Australia, New Zealand and 10 other countries spanning Europe, Latin America and Asia. The agreement also includes the assets of Hayward Aviation, a UK insurance broker that
Global private equity firm The Riverside Company has acquired ADA Solutions, a designer and developer of detectable warning surface and way-finding solutions for the visually impaired.
ADA is an add-on to Riverside’s SureWerx portfolio company, a leading supplier of professional safety products, tools and equipment. ADA’s products are used in many applications, including curb ramps, public transit platforms, pedestrian refuge islands and pedestrian rail crossings.
ADA is SureWerx’s second acquisition since Riverside acquired the platform in November 2018. Riverside is actively supporting SureWerx’s efforts to add complementary new products and deliver best-in-class service to its growing, global network of
New research from Revolution.Aero amongst private equity and venture capital professionals reveals that 69 per cent expect the amount of money their industries invest in the aviation sector to increase between now and the end of 2020, and just 4 per cent expect it to fall.
The corresponding figures for the next five years are 73 per cent and 12 per cent respectively.
The aviation sector is currently a hotbed of innovation with on-going projects looking at electric aviation, air taxis to supersonic jets, all topics that will be discussed at Revolution. Aero’s first European meeting which takes place in
Swipii, the loyalty card app, has secured an investment of GBP1.9m through a funding round led by award-winning Scottish venture capital firm Par Equity.
The latest version of the app removes the need for physical loyalty cards by linking to a debit or credit card and rewarding users with points as they shop at businesses signed-up to Swipii. The app’s original iteration had 1.1m users and its 1,700 affiliated businesses saw up to a 1.5x revenue boost, but it relied on using iPads to track visits only.
Chitresh Sharma, co-founder and CEO of Swipii, says: “We estimate that there are
New Heritage Capital (Heritage) has made an investment in Columbia, SC-based Rhythmlink International (Rhythmlink), a designer and manufacturer of disposable neurodiagnostic devices and consumables.
Rhythmlink’s products provide the connection between “people and machines” in order to identify, record, and monitor important neurophysiological information. Heritage completed its investment via its unique Private IPO® solution, which leaves operating control in the hands of the reinvesting founders while providing them the desired liquidity and financial flexibility to accelerate growth into the future. The investment was completed on 19 February, 2019.
“We chose to partner with Heritage because of their experience in backing founder-owned
Events
12 November, 2026 – 8:00 am
12 November, 2026 – 5:00 pm
