Convene, a hybrid meeting, event, and workspace provider, has completed its recapitalisation plan, led by HBC, a holding company at the intersection of real estate, technology and retail, and a fund managed by the Private Equity Group of Ares Management Corporation (Ares), a global alternative investment manager. Convene will operate HBC’s existing portfolio of flexible work, event, restaurant and meeting spaces, which are expected to be rebranded as Convene and will remain branded as SaksWorks in the interim. HBC will be the majority owner of the combined entity, with 26 facilities under management and dozens more under development, which is

Harkness Capital Partners has closed the sale of Kane Logistics to ID Logistics. Kane is a third-party logistics company (3PL) that provides value-added warehousing and distribution services.  The Company was a portfolio company and the first platform investment by Harkness Capital in Harkness Capital Partners I (HCP I). Based in Scranton, PA, Kane provides 3PLservices, including value-added warehousing and distribution, e-fulfillment, contract packaging, cross-docking and transportation management. Kane was founded in 1930 and was 100% family owned prior to the Harkness investment in 2019.  Stan Schrader, former Chief Commercial Officer at Kane has become the CEO of ID Logistics in

Greengage, a fully-integrated financial services group bridging traditional fiat currency banking services with the emerging digital asset sector, today announced its acquisition of Silver Lined Solutions Limited (SLS). SLS is one of the most highly rated Salesforce consultancy partners in the financial services space and has been actively engaged in building a differentiated core IT architecture for Greengage. Silver Lined Solutions will now be rebranded as Greengage Solutions Ltd (GGS). As a fintech specialist practice, SLS has developed key components to support Greengage in deploying its native risk management, compliance, HR and customer support solutions. Linked to a consolidated Enterprise

FFL Partners (FFL), a private equity firm focused on growth investments in middle market companies, has made an investment in Perlman Clinic, an independent provider of primary care in the Greater San Diego Market. Financial terms of the private transaction have not been disclosed. Perlman Clinic is a full-service provider of comprehensive best-in-class primary care, as well as urgent care, behavioural health, and wellness services. The Company has both fee-for-service and capitated primary care contracts with health plans in Southern California.  Founded in 2005, Perlman Clinic operates 16 facilities staffed by over 100 primary care providers across the Greater San

Eagle Merchant Partners (Eagle), an Atlanta-based private equity firm specialising in franchise, multi-unit consumer and industrial middle market opportunities, has made an investment in Enviro-Master Services. A franchisor of deep cleaning services, Enviro-Master serves tens of thousands of businesses across North America. Its expertise in the health and safety industry and the techniques developed by the company helps to protects its clients and communities against the spread of dangerous bacteria and pathogens, including COVID-19.  Enviro-Master Services represents the tenth franchise investment made by Eagle and its principals. It has made several strategic investments in franchisors, franchisees and corporate owned multi-unit

Soter Analytics (Soter), a global ergonomic technology company, has secured $12 million of new capital in its latest funding round led by AV8 Ventures. OTB Ventures, btov Industrial Technologies Fund and Verve Ventures also participated, along with previous backer Startup Wise Guys. The investment will help drive expansion plans and further research and development in the Company’s smart technology solutions which helps organisations keep their workers safe. 

RoadSafe Traffic Systems, a US-based provider of traffic control and pavement marking services, has acquired North Valley Barricade, it’s sixth acquisition since entering into a partnership with private equity firms Investcorp and Trilantic North America in April 2021. Based in Yuba City, California, NVB retails traffic control products and other construction safety goods throughout the northern California region.