Alltub Group, which is majority owned by private equity firm One Equity Partners, has appointed Mark Köllmann as CEO, as of 1 March , 2020. He succeeds Oliver Höll, who has been CEO of Alltub Group since 2016.
Advent International and Cinven have agreed to acquire thyssenkrupp’s Elevator Technology business, together with the RAG-Stiftung.
Monroe Capital (Monroe) has acquired and recapitalised Ascent Behavioral Health (Ascent), in partnership with Cimarron Healthcare Capital and Ascent’s management team.
Private equity investment firm Sverica Capital Management (Sverica) has made an investment in Cytracom, a provider of cloud-based unified communications (UCaaS) software and solutions built exclusively for the Managed Service Provider (MSP) channel.
Churchill Asset Management (Churchill), an investment-specialist affiliate of Nuveen providing customised financing solutions to private equity firms and their portfolio companies, has promoted several employees, including Head of Operations Heather McNally to Managing Director.
Berenson Capital, a sector-focused private equity practice investing in Software & Tech-Enabled Services businesses, has appointed Brendyn Grimaldi as a Principal on the investment team.
HS Orka, an Icelandic renewable energy and utility company 50 per cent owned by Ancala Partners, has secured a USD210 million financing package with a group of leading European commercial lenders.
Palatine Private Equity has made six promotions across its UK business. The new Senior Investment Directors include James Gregson, Kieran Lawton and James Winterbottom.
BlackRock Long Term Private Capital will become the new majority shareholder in Creed, the Paris-based multi-century old luxury fragrance company.
With private equity set to further blossom over the next decade and continue its AUM expansion, it will become incumbent upon industry leaders to explore new ways to deliver growth in their firms’ portfolios.