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Managers

Custom Glass Solutions has been acquired by affiliates of Stellex Capital Management (Stellex), a middle market private equity firm with offices in New York and London. The financial terms of the transaction have not been disclosed.  Based in central Ohio, CGS is a leading manufacturer of large-format laminated, tempered, value-added glass products used in vocational and recreational vehicle applications. Prior to the transaction, the Company was a subsidiary of Guardian Glass, LLC, which itself is part of Koch Industries, Inc. “We are tremendously excited about the acquisition of Custom Glass Solutions,” says Mike Stewart, Managing Partner at Stellex. “We believe
Dutch investor Nimbus is to open offices in the United Kingdom as the company launches its fourth fund. Nimbus has appointed veteran investor Chris Clegg, a former Partner at Endless, to Chair their UK operations.  Nimbus is a hands on investor focusing on non-core carve outs and companies requiring operational and strategic enhancement.  Clegg says: “I’m delighted to work with Nimbus to develop their UK ambitions. They are a unique investor with a very different approach to value creation preferring longer term partnerships with investee companies. Our initial focus will be the Northern Powerhouse and we hope to announce office
Livingstone’s healthcare team has advised Total Spectrum, a premier provider of Applied Behaviour Analysis (ABA) services for families and children with Autism Spectrum Disorder (ASD), on its partnership with LEARN Behavioral, a portfolio company of LLR Partners. LEARN Behavioral is a network of provider serving children with ASD and other developmental disorders. Livingstone acted as exclusive financial advisor to Total Spectrum. Total Spectrum, based in Elmhurst, Illinois with operations across Illinois, Indiana, Michigan, and Wisconsin, provides high-quality in-home and clinic-based ABA services for families and children with ASD. Total Spectrum has experienced an average of more than 80% average annual
Limerston Capital-backed HR services group AdviserPlus has acquired Succeed Consultancy and made an investment in Elementsuite. The new deal is part of Limerston Capital’s bid to create the UK’s leading data and technology-enabled HR services group. Succeed is a major provider of human capital management (HCM) solutions to large enterprise customers. Succeed has nearly 20 years advising companies on HR transformation needs and implementing leading HCM software solutions including PeopleSoft, Oracle and Elementsuite. Elementsuite is a cloud-based HR software platform, providing a full-suite of solutions from recruitment, onboarding and learning, to core HR, scheduling and performance management to large enterprise
K4Connect, a technology company that creates solutions for older adults and individuals living with disabilities, has closed a USD12 million Series B funding round led by AXA Venture Partners.  This latest round brings the funding total to over USD22 million and will be used to further develop the Company’s K4Community solution and underlying Fusion platform/OS technologies. K4Connect will also use the proceeds to expand its customer base, which already includes over 13,000 residents across dozens of senior living communities from Florida to California, as well as to accelerate its partnerships across a spectrum of consumer and senior living-specific companies. The
SP Capital Partners (SP Capital), a New York-based private equity seeding platform, has closed its latest USD200 million fund, which  manages both discretionary and managed separate accounts to invest in spin-out managers and provide flexible capital for seed, acceleration or expansion purposes. In addition to being a capital provider, SP Capital is a value-added partner, deploying its expertise to help build private equity firms. SP Capital is also able to leverage the project management and global distribution capabilities of Sixpoint Partners (Sixpoint) in order to offer a comprehensive seeding, fundraising and investor relations solution for its portfolio funds.   SP
Corporate gifting company Snappy has secured USD10 million in funding to date, led by 83North with participation from Hearst Ventures. Snappy believes that companies are looking for creative ways to reward employees, but gift cards, paper weights, and other generic corporate gifts don’t make employees feel valued.  Snappy allows employees to choose their favourite gift from a curated collection of personalised options, which include local experiences like cooking and yoga classes, global getaways, as well as trending products like Amazon’s Echo Dot and drones. Gifts are sent via email or text and are sourced from leading brands and retailers, with
Specialist provider of medical devices and equipment, IQ Medical, has received a GBP250,000 funding package through the Midlands Engine Investment Fund, WM Debt Finance fund, managed by Maven Capital Partners.   The funding will be used to fuel the development of new, high-performance products – allowing it to diversify its NHS Hospitals and Care Home portfolio and strengthen its sales and marketing team.   IQ Medical provides specialist medical equipment, disinfection services and planned and preventative maintenance to both the NHS and private sectors across the UK. Its cornerstone product is a portfolio of highly-effective and clinically-proven, Pressure Area Care
Dentons has advised KKR-backed Calsonic Kansei on the agreement by its holding company, CK Holdings, to acquire Magneti Marelli, the automotive components business of Fiat Chrysler Automobiles. Following the closing of the transaction, which is valued at EUR6.2 billion, CK Holdings will be renamed Magneti Marelli CK Holdings and will supply components to Fiat Chrysler through a multi-year agreement. Magneti Marelli’s operational headquarters will remain in Milan, Italy while the existing Calsonic Kansei operational headquarters will remain in Saitama, Japan. The combined businesses will create the world’s seventh largest global independent automotive components supplier based on total revenues. Magneti Marelli
Geoff Cook, Jersey Finance
The latest figures on the size of the finance industry in Jersey show banking deposits are rising and the value of the funds industry is at a record high. The net asset value of regulated funds under administration grew by GBP15 billion during the second quarter of 2018 to stand at GBP296 billion at 30 June 2018, the highest recorded figure to date, while banking deposits are also higher at GBP121.2 billion, the most since March 2016 and GBP5.7 billion higher than in March 2018. The statistics, collated by the Jersey Financial Services Commission (JFSC) and published by Jersey Finance,

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