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Global private equity investor Advent International (Advent) is to acquire IRCA, an Italian producer of specialty ingredients for artisanal pastries, cakes and gelatos, from global investment firm Carlyle.
Terms of the transaction have not been disclosed.
Headquartered in Gallarate, Italy, IRCA currently supports artisan chefs in over 100 countries. It employs over 1,000 people and has seven production plants and four innovation and demonstration kitchens in Europe, North America and Asia.
Carlyle invested in IRCA in June 2017 through Carlyle Europe Partners IV (CEP IV), a European-focused, upper mid-market buyout fund.
Advent will work with the current IRCA management team
Ninety One has launched the Global Sustainable Equity Strategy, a concentrated, active, long-term global equity solution focused on sustainability leaders, which is managed by Stephanie Niven.
It will complement Ninety One’s suite of sustainable capabilities, inclusive of Global Environment, UK Sustainable Equity and Global Multi Asset Sustainable Growth.
The Global Sustainable Equity strategy is investing for a world transitioning towards a more sustainable future where externalities will be increasingly priced and valued.
Pan-European private equity firm Silverfleet Capital has entered into a binding agreement to sell Prefere Resins (Prefere), a specialist in phenolic and melamine resins, to One Rock Capital Partners (One Rock).
Completion of the transaction is subject to customary anti-trust and FDI approvals and is expected to occur in the second or third quarter of 2022.
The terms of the transaction have not been disclosed.
Silverfleet invested in Prefere Resins in 2018 having identified the potential to help the Company expand further, both organically and through acquisition. Since then, Prefere has developed well; investing in new capacity, growing its
Sentinel Capital Partners, a private equity firm that invests in mid-market companies, has acquired SPL, a specialist in testing, inspection, and certification (TIC) services for energy and environmental markets.
Terms of the deal have not been disclosed.
SPL, an industry leader in TIC services, serves more than 1,700 customers, including some of the largest global energy companies. SPL operates 22 lab testing and service centres that analyse hundreds of thousands of samples annually for physical and chemical composition of hydrocarbons, lubricants, and wastewater. Its service centres house more than 250 highly trained technicians who inspect, install, and maintain field measurement
Netomnia, a provider of full fibre broadband infrastructure, and internet service provider YouFibre (collectively, the “Group”) have secured £295 million in new funding in a round led by DigitalBridge Investment Management (DigitalBridge), the investment management platform of DigitalBridge Group, Inc.
DigitalBridge’s equity investment will come alongside follow-on commitments from existing shareholders Soho Square Capital LLP and Advencap Limited.
Founded by CEO Jeremy Chelot, who has a strong track record in the full fibre network sector, Netomnia is committed to delivering a multi-gigabit broadband network across the UK. The Group has achieved more than 130,000 premises passed since rollout commenced
Irish private equity firm Melior Equity Partners has held the final close of Melior Equity Partners Fund II with EUR160 million of total capital commitments, making it one of the largest private equity funds in the country.
Melior was launched by Jonathan Cosgrave and Peter Garvey in 2020. Melior Equity Partners Fund II is backed by a pool of local and international blue-chip investors including The Carlyle Group, the European Investment Fund, Ireland Strategic Investment Fund, Bank of Ireland and AIB and will support ambitious Irish SMEs with strong growth prospects.
Melior aims to fill the financing gap for small
Investec Bank (Investec) has advised LRG Online (trading as Secret Sales) on an equity fundraising round to accelerate its international expansion.
Investec acted as sole adviser to Secret Sales, which saw existing investors increase their backing at a higher valuation.
Secret Sales closed its Series A funding round in June 2021, with the investment used for technological development to scale its e-commerce platform and prepare for international expansion. The funding announced coincides with the first phase of its European rollout through the launch of two new international websites in the Netherlands and Belgium. The latest round of investment will further
Insurance Advisory Partners, a specialist insurance M&A, strategic and capital-raising advisory firm, has appointed Bhaven Pathak as partner and head of UK & Europe, effective 1 May, subject to regulatory approval.
Pathak will be responsible for leading and developing Insurance Advisory Partners’ operations in London, following the company’s launch in New York in August by banking, insurance and insurtech veterans Tony Ursano and David Kimmel.
Pathak brings more than 20 years of insurance, fintech and investment banking experience to Insurance Advisory Partners including roles at HSBC, Hiscox and Canopius.
HCAP Partners, a California-based private equity firm and nationally recognised impact investor, has appointed Tom Woelfel as senior director of impact.
Woelfel joined HCAP Partners to lead the Gainful Jobs Approach and overall impact management efforts, partnering with HCAP portfolio companies and collaborating with limited partners and industry thought leaders to improve job quality and generate positive impact in LMI communities.
Prior to joining HCAP Partners, Woelfel served for over a decade as Director of Pacific Community Ventures’ research and consulting practice focused on supporting the growth and efficacy of impact investing.
As a part of his role at HCAP
GripAble, a London-based digital healthcare start-up delivering rehabilitation programmes to people with neurological and musculoskeletal conditions, has closed an $11 million Series A funding round.
The new funding, led by IP Group, with equal investment from Parkwalk Advisors, will enable GripAble to expand its industry-leading data platform and therapy services, with a particular focus on growing markets in Europe and the US.
The successful fund-raise follows a period of significant activity in the US by the company, including its recent partnership with leading medical equipment distributor, Medline. GripAble is also part of a pioneering group of health tech companies led
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