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European software investor Hg is to sell its investment in Trace One to Symphony Technology Group (STG), a Palo Alto-based private equity firm focused on investing in the software, data analytics, and software-enabled technology services sectors. This proposed sale is subject to French Workers’ Council consultations and customary clearances. The terms of the transaction have not been disclosed.   Trace One is the world’s largest collaborative retail business platform for consumer-packaged-goods (CPG). It provides one SaaS inclusive platform with multiple interlocking business applications, including product lifecycle management, sourcing, and compliance, for 25 leading global retailers and 5,000-plus FMCG manufacturers. Trace
Private equity fund manager Capital D has become the first institutional investor in Qmee, acquiring a majority stake in the business. Headquartered in Reading, UK, Qmee is a data driven rewards and loyalty company that uses a sophisticated tech platform powered by machine learning and AI, to collect insights, data and opinions from the public on behalf of brands and polling organisations. Qmee’s technology platform brings unparalleled accuracy, speed and efficiency in connecting the right audience with the right survey at the right time, delivering better research to brands and a better experience for users. This has allowed Qmee to
North Sky Capital (“North Sky”), a specialist in impact private equity and sustainable infrastructure investing, has appointed Angela Wood as Chief Financial Officer, while North Sky’s long-time CFO, Denise Galvin, will be transitioning to a part-time role as Senior Advisor, where she will continue to provide advice on strategic decisions.   “First and foremost, I want to publicly express our gratitude and appreciation to Denise for her dedication and invaluable help in building North Sky into a market leader in impact investing. She has been instrumental to our success, and we could not have done it without her. We are
Shamrock Capital, a Los Angeles-based investment firm, has made an investment in Learn on Demand Systems, a specialist provider of virtual labs used to power hands-on, experiential technology training. Terms of the transaction were not disclosed.  Learn on Demand Systems provides cloud-based virtual lab environments to address a range of organizations’ information technology (IT) needs across skills validation, education, sales enablement, and customer support. The company’s offerings empower organizations to accelerate skills acquisition through scored hands-on experiences across a diverse set of topics including DevOps, cloud, security, and software development. The company has experienced record growth at a time when
nPlan, a company that uses machine learning to forecast the duration, risks and opportunities of construction projects, has secured an USD18.5 million investment round, led by GV (formerly Google Ventures).  
Wabtec Corporation is to acquire Nordco, a North American supplier of new, rebuilt and used maintenance of way equipment with a broad product and service portfolio including mobile railcar movers and ultrasonic rail flaw detection technologies, from Greenbriar Equity Group LP.  Through the acquisition, Wabtec will expand its installed base and accelerate growth across Nordco’s innovative product portfolio both domestically and internationally, while driving increased value creation for customers and shareholders. The acquisition has received necessary regulatory approvals and is subject to customary closing conditions.   “Nordco is a strategic addition to the Wabtec portfolio with an attractive pipeline of
Susquehanna Private Capital (SPC) has made an investment in Premium Service Brands (PSB), a leading Charlottesville, Virginia-based franchisor of multi-brand home services with a specialty in home improvement brands. Terms of the transaction have not been disclosed.   Premium Service Brands partners with franchisees to provide comprehensive training, sophisticated technology, and cross-branded support for every step of their nascent home service business. In 2006, Paul Flick launched the PSB platform with the Company’s flagship brand, 360° Painting, a full-service residential and commercial painting business. Today, PSB’s portfolio includes unique companies across seven in-demand service areas, including 360° Painting, ProLift Garage
An affiliate of private investment firm Sun Capital Partners (Sun Capital) is to sell StonePoint Ultimate Holding, and affiliated entities (StonePoint), to Arcosa, a provider of infrastructure-related products and solutions.   StonePoint is a top-25 US aggregates company that provides crushed stone, sand and gravel to diverse end markets, including infrastructure, commercial and residential construction and energy. The company operates across nine states in the Gulf Coast, Midwest and Southeast regions, producing approximately 9.0 million tons of aggregates annually and offers complementary asphalt production and paving services in certain markets.     “Our work with StonePoint underscores our strength in
Osceola Capital (Osceola), a lower middle-market private equity firm, has formed Revelation Pharma Corp to pursue investments and partnerships across the pharmacy compounding market in partnership with industry veteran Jacob Beckel. Concurrent with the formation of Revelation Pharma Corp (Revelation), the company has completed the acquisition of Pensacola, Florida-based Everwell Specialty Pharmacy (Everwell). The acquisition is expected to be followed closely by multiple add-ons. The pharmacies in scope function as 503A compounders, which prepare specially compounded medications. Osceola and Beckel have identified a rich pipeline of additional transactions. Revelation represents the eighth platform in Osceola Fund I, the firm’s flagship
New Rhein Healthcare Investors announced has agreed to sell its 60 per cent stake in Softhale NV to Sino Biopharmaceutical Limited for a USD110 million upfront payment plus a profit share.  The total deal value could exceed USD200 million subject to Softhale’s business development. The sale of Softhale marks the first exit from New Rhein’s latest fund, which was launched in 2018. Headquartered in Belgium, Softhale has developed a new generation of Soft Mist Inhalation (SMI) devices to improve respiratory treatments. The company delivers proven drugs through its proprietary SMI device designed to deliver medication to the lungs more effectively

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