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An affiliate of Turnspire Capital Partners (Turnspire) has sold its portfolio company Crane Carrier Company (Crane Carrier) to Battle Motors. Terms of the transaction have not been disclosed. Crane Carrier Company is a leader in the vocational truck industry, providing custom, severe‐service chassis and purpose-built vehicles for the refuse and recycling, infrastructure maintenance, ground support, multi‐stop distribution, agriculture, and oil and gas markets under the Crane Carrier Company and Crane Carrier Company Engineered Chassis brands.   An affiliate of Turnspire acquired Crane Carrier from Hines Corporation in December 2018. During its ownership, Turnspire worked with management to launch Crane Carrier
Yellow Wood Partners (Yellow Wood), a Boston-based private equity firm focused on investing in consumer brands and companies, has appointed Mark Malo, an experienced executive with over 30 years’ experience in the consumer-packaged goods (CPG) industry, as an Operating Partner.  Dana Schmaltz, Partner of Yellow Wood, says: “Our functional based operational management approach to investing and improving our consumer portfolio companies is designed to maximise a brand’s performance. Mark’s extensive experience working in and successfully leading all aspects of the sales function for numerous brands throughout his career will bring immediate value to our firm and our portfolio investments. He
Nordstjernan is to invest in the rapidly expanding fintech company Roaring and, with a shareholding of just over 20 percent, will become a partner to the founders and existing shareholders on the company’s continued growth journey.  Roaring is a Swedish fintech company formed in 2016, with its office in Täby in Stockholm. The company provides digital services to companies in all sectors with a need to automate customer data processes and know-your-customer (KYC) checks. Roaring offers highly sought-after services in such areas as automated anti-money laundering (AML) monitoring.  In a short time, Roaring has built a high-quality technical solution to
LDC, the UK mid-market private equity firm, has completed a minority investment in equestrian brand LeMieux. The terms of LDC’s investment have not been disclosed.  LeMieux’s products are globally recognised for their quality, durability, technical performance, and design. Originally known for its saddle pads, the brand has since expanded its range into most areas of equestrian equipment, as well as premium rider wear and accessories, creating a signature LeMieux look and colour story. The brand is sold via over 500 traditional and online retailers in 69 countries and increasingly through its own website. LeMieux’s products are the choice of world
Ingka Investments, the investment arm of Ingka Group, owner and operator of 389 IKEA stores and e-commerce in 32 countries, has invested close to GBP12 million in location technology what3words. The investment will be used to launch the company in new international markets while continuing to develop partners within the e-commerce and logistics sector.  Around the world, billions of people live without an address or an address that is not fit for purpose. what3words has created an innovative solution to the problem of poor and inaccurate addressing which is a problem in both developing and developed countries alike. Countries rely
Flynn Restaurant Group (Flynn), one of the largest franchise operators in America, has acquired 937 Pizza Hut and 194 Wendy’s locations throughout the US from Kansas City-based NPC International.   With a portfolio that already includes leading brands like Applebee’s, Panera Bread, Taco Bell and Arby’s, the newly acquired Pizza Hut and Wendy’s restaurants will further Flynn’s goal of diversification between premier brands and segments within the restaurant industry. The transaction was supported by long-term partners Main Post Partners (Main Post) and Ontario Teachers’ Pension Plan Board (Ontario Teachers’).   Flynn Restaurant Group will nearly double its restaurant count as
Armada has held the final closing of Armada Fund V, which invests in growing and profitable businesses in Northern Europe and acts as financing partner to company owners and financial sponsors.   The Fund received commitments from a diverse base of European institutional investors, including private and public pension funds, insurance companies, fund-of-funds, government agencies and institutions. The fund size exceeded its original target size.   The Fund makes tailor-made debt and equity investments of EUR5-30 million in small and medium sized businesses. It has already made seven initial investments, with strong early performance.  The Fund’s investment team builds on
3B Future Health GP Sarl has launched the 3B Future Health Fund II, with Riccardo Braglia, Francesco Giavatto, Francesco Granata and Roberto De Ponti as General Partners. The fund is focused on early-stage investment opportunities in areas of high unmet patient need and follows the success of 3B Future Health Fund I, formerly known as Helsinn Investment Fund.  The investment focus for the fund is on US and European-based start-ups working in the field of oncology and rare diseases therapeutics. The fund aims to bring life-changing treatments to patients, driven by a sense of purpose, excellent execution, personal involvement and
Capital Dynamics, an independent global private asset management firm, has held the final close of Capital Dynamics Global Secondaries V (GSEC V) with approximately USD786 million in commitments.  Advised by a multinational team across North America, Europe and Asia, GSEC V invests in a diversified portfolio of global secondary interests in mid-market private equity funds. The Fund exceeded its initial target size of USD USD700 million and significantly surpassed the size of its predecessor secondaries fund, which closed in July 2016. GSEC V continues Capital Dynamics’ secondary investment strategy focused on smaller off-market opportunities sourced on a global basis across
Social impact fund Valloop, which was created to help employees and management buy the companies they work for, has delivered compound annual growth of 16.1 per cent over a five-year period between September 2015 and September 2020.  Valloop’s model has dramatically lowered the cost of entry for investing in private markets funds with a minimum investment of GBP100,000 – against an industry average of GBP2.6 million. This has opened up access to institutional investment for high net worth individuals and family offices that might previously have been excluded. With the societal impact of investment under the microscope, Valloop’s social purpose

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