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Unifrax, a manufacturer of high performance specialty materials used in advanced applications, has changed its name to Alkegen, in a move designed to reflect the new company created following the acquisition of Lydall late last year.
The business’s corporate headquarters will also be moving to Dallas, Texas.
Alkegen brings together two of the world’s leading specialty materials platforms and represents a new chapter for the unified company.
JC Flowers & Co, a private investment firm focused on investing globally in the financial services industry, has appointed banking industry veteran Louis Vachon as an Operating Partner, effective immediately.
Most recently, Vachon was President and CEO of National Bank of Canada, based in Montreal, a position he held from 2007 until his retirement last October.
Vachon serves on the Boards of Molson Coors Beverage Company, CH Group Limited Partnership and Alimentations Couche-Tard. He holds a master’s degree in International Finance from Tufts’ Fletcher School and a bachelor’s degree in economics from Bates College, and is also a Chartered Financial
Bowmark Capital, a mid-market private equity firm, is to sell Leaders Romans Group (LRG), one of the UK’s largest property services groups, to Platinum Equity.
LRG was formed from the merger of two Bowmark portfolio companies, Leaders Lettings and Romans Group, in 2016. It specialises in residential property lettings, sales and associated professional services including planning and surveying. The group has a nationwide network of 210 branches and offices, and manages over 62,000 properties across the UK.
Under the stewardship of Bowmark and LRG’s executive team, revenues have approximately trebled to GBP165 million, the number of employees has increased from
Prime Global Medical Communications (Prime Global), a portfolio company of Levine Leichtman Capital Partners (LLCP), has acquired HCD Economics. Terms of the transaction have not been disclosed.
Prime Global is a global medical communications and market access group that provides the world’s leading biotech, pharmaceutical and healthcare businesses with full-service professional communications, including healthcare strategy and consultancy, scientific and medical communications, consumer health, patient-integrated science, and market access.
Gathr Outdoors, a diversified global designer and manufacturer of outdoor products and sporting goods and a portfolio company of private equity firm Centre Partners, has acquired Cascadia Vehicle Tents (CVT).
Terms of the transaction have not been disclosed.
Based in Bend, OR, Cascadia Vehicle Tents is a family business that has become an industry leader developing rooftop vehicle tents, awnings, off-road trailers and car camping equipment for cars, trucks and SUVs.
Gathr Outdoors, formerly known as MacNeill Pride Group, was unveiled earlier this month to reflect the company’s transformation as it continues to build a leading outdoor recreation platform.
Bobby
BasicBlock, a financial technology company aiming to reshape financing options for the trucking industry, has raised USD78 million in a debt and equity raise led by Autotech Ventures, Clear Haven Capital Management, Emergent Ventures, and Nelnet alongside continued investment from Revolution’s Rise of the Rest Seed Fund, SaaS Venturesand TNT Ventures.
BasicBlock launched in 2018 as a simple trucking document capture tool that allowed drivers to scan and send load documents at low rates. The company has evolved to become a complete payment platform for carriers nationwide that ensures same-day payment and exceptional customer service. The influx of capital will
ClimateTrade, a blockchain-enabled climate marketplace, has raised EUR7 million in a pre-Series A European funding round and is raising another EUR13 million in a US-focused round set to close on its reincorporation in the next five months.
In total, the company is targeting EUR20 million of funding for international expansion.
The first round was oversubscribed, with interest from more than 90 investment funds. The EUR7 million was provided by Spanish investment firm GED via its VC fund Conexo Ventures, US power and technology fund ClearSky, blockchain investors Borderless Capital and Algorand, SIX FinTech Ventures, the VC arm of Swiss financial
Luna Wealth (Luna), an International investment and asset management group, has launched a new USD50 million liquidity fund, aimed at providing new liquidity solutions and opportunities to early-stage shareholders and investors in high growth technology companies.
The companies that venture capital investors back have the potential to have significant positive and negative impacts across the spectrum of ESG issues as they scale up – including privacy violations, human rights issues, poor governance and climate-related risks.
That’s according to a new on PRI report on the interplay between venture capital activity and ESG, which outlines how VC firms are adopting ESG considerations into their activity and the work still needed to drive adoption further.
The report says that managing these issues at an early stage of a company’s growth is key – evidence of failing to do
OakNorth Bank has provided growth capital to Innervation Capital Partners, a sector-focused, theme-driven investor to support the “buy and build” strategy of its newly-launched Special Educational Needs (SEN) provider, Melrose Education.
Innervation Capital focuses on investing in platform companies in essential services sectors such as education. It then works closely with the management team to accelerate growth through a mixture of organic and inorganic growth. In 2017, OakNorth Bank provided support to ICP Nurseries, and in 2019, did the same with Cresswell Nurseries – both were Innervation Capital-backed businesses.
ICP Nurseries and Cresswell Nurseries were combined to form ICP
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