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Solace Capital Partners (Solace) has acquired Sun Mountain Sports, Inc (Sun Mountain), a producer of golf equipment and apparel, from founder and golf industry innovator Rick Reimers.
The Company will remain headquartered in Missoula, Montana, and will continue to be led by its current management team, including long-time executive Ed Kowachek, who will assume the role of Chief Executive Officer, and Blake Ludwig, Chief Financial Officer.
Reimers will retain ownership of Sun Mountain Motor Sports, which produces electric golf carts under the Finn Scooters brand.
Terms of the transaction have not been disclosed.
HarbourVest Partners, a global private markets investment specialist, has held the final close of its HIPEP IX Fund at over USD1.6 billion in commitments.
The Fund closed above the target size of USD1.25 billion.
HIPEP IX provides investors with access to leading private equity managers and investments in Europe and Asia Pacific, the two major private equity markets outside of the United States. The primary programme is complemented by secondary transactions and direct co-investments which are designed to potentially accelerate performance and enhance overall returns. There is an attractive market opportunity in Europe and Asia Pacific, which jointly comprise 63
SK Capital Partners (SK Capital), a private investment firm focused on the specialty materials, specialty chemicals and pharmaceuticals sectors, has appointed Michael Gilbert as Managing Director, Head of Portfolio Operations.
Gilbert will be responsible for coordinating a team of operating executives and functional experts to accelerate value creation, drive process improvement initiatives and maximise the financial performance of SK’s portfolio of companies.
Prior to joining SK Capital, Gilbert was the CEO of Aristech Surfaces, a leading producer of surface products and design materials, where he led a significant transformation of the company culminating in a successful sale to Trinseo
Pembroke VCT, a venture capital trust focused on backing early-stage businesses with exceptional founders and management teams, has made an initial investment of GBP3 million in Cydar Medical (Cydar), a surgical augmented intelligence company using software to revolutionise every stage of image-guided minimally invasive surgery.
Cydar was launched in 2012 by founders Tom Carell, a vascular surgeon and Graeme Penney, an imaging scientist, having both recognised the difficulty surgeons experience when performing image guided procedures and the resulting inconsistency of patient care. They combined their expertise to develop Cydar Intelligent Maps, with the aim of advancing surgical care and in
Naqla, Egypt’s trucking technology platform and marketplace connecting truck owners with cargo companies, has raised USD10.5 million in a Pre-Series A round led by major investors El Sewedy Capital Holding (SCH), Hassan Allam Holding (HAH), and the Sallam Family.
Naqla’s core mission is to modernise and expand Egypt’s supply chain through technology by automating orders between shippers and drivers through its two main apps.
Naqla will use proceeds of this investment to invest further in its commitment to advancing technology and digitalisation, positioning the company for growth and development in 2022.
Since establishing the business in 2017, founders Sherif Taher
Unhealthy relationships between multi-disciplinary corporate finance firms and the private equity community have been revealed by research undertaken by Bluebox Corporate Finance.
The survey shows 58 per cent of corporate lawyers believe UK entrepreneurs are not always treated fairly where their corporate finance adviser enjoys a previous relationship with the private equity sponsor in a transaction.
The study exposes conflicts of interest that exist between corporate finance advisers and certain private equity sponsors in the UK mid-market; an issue that is preventing UK entrepreneurs from getting fair, impartial advice.
95 per cent of lawyers surveyed agree it would be in
Vantage Specialty Chemicals Holdings (Vantage), am portfolio company of alternative investment firm HIG Capital (HIG), has acquired JEEN International Corporation and Botanicals Plus, Inc (collectively, JEEN).
JEEN is highly complementary to Vantage Personal Care’s existing comprehensive portfolio of naturally derived ingredients, including active ingredients, natural oils, and bio-based chassis ingredients.
JEEN is a provider of naturally derived specialty ingredients and blends for the personal care and cosmetics markets. JEEN’s portfolio includes a diverse range of specialised active ingredients, botanical extracts, and complexes serving functional applications for skin and hair care. JEEN is an innovative leader in rapid product development and
Seraphim Space (Manager), the manager of the Seraphim Space Investment Trust plc (LSE: SSIT), a listed Space Tech Fund, has appointed Development Partners International partner Sarah Shackleton, as the Company’s new Chief Operating Officer (COO).
The appointment is effective immediately.
Shackleton joins Seraphim Space as Chief Operating Officer following a long and distinguished career in the private equity and investment banking sector, working for almost 15 years as a partner of Development Partners International, one of the leading private equity firms investing in Africa and overseeing cUSD2.8 billion in AUM.
Her role included actively managing and administrating the funds which
When iConnections launched in 2020 with its Funds4Food campaign, it saw a need to bring the hedge and private equity industries together to help victims of the Covid-19 pandemic.
Now the company is are pivoting its Funds4Kids cap intro event to the crisis in Ukraine as Funds4Ukraine.
For every completed meeting with an iConnections fund member, iConnections will donate USD100 to Concern Worldwide, a charity whose Emergency Fund is earmarked for emergencies, including the Ukraine Crisis.
Concern’s Emergency Response Team is currently assessing the humanitarian needs along the Ukraine borders with Poland. It plans to assess the situation along the
Arrowpoint Advisory’s Industrial team has advised the shareholders of Coryton Advanced Fuels Limited, a specialist in the market for sustainable fuels, on its sale to Lantmannen AB, a Swedish agricultural co-operative group.
Coryton is a provider of advanced, bespoke fuel solutions to an established customer base operating across a range of end-markets, including motorsport, light and heavy-duty vehicles, aviation and marine.
From its headquarters in Essex on the Thames estuary Coryton develops thousands of bespoke fuel blends each year, with global sales volumes exceeding 11 million litres in 2021. Coryton is an emerging leader in the fast-growing market for sustainable
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