PE Tech Report

Latest News

Partners Group, the global private markets firm, has provided a bilateral ESG-linked unitranche debt financing to Kusters Beheer, a Dutch manufacturer of precision components.  The funds will be used to support Equistone’s acquisition of a majority stake in the Company, as well as facilitating investments into capacity expansion.  Headquartered in Oss, Netherlands, Kusters Beheer produces fine mechanical components and modules, primarily for use in high-tech industries. Founded in 1973, the company has developed in-house technical capabilities including state-of-the-art machining, clean room assembly and specialist process knowledge, making it a partner of choice to its long-standing customer base.  As a major
DC Advisory, an international investment bank, has appointed John S Lanza as a new Managing Director in the Business & Tech-Enabled Services team, based in New York. Lanza joins following six years as Managing Director at Stifel, where he led the execution of over 20 deals in the business services space – notably the sale of Advent Systems to Allied Universal and the acquisition of SNI Companies by GEE Group. Prior to this, John spent a decade at Merrill Lynch.   Scott Wieler, Chairman, DC Advisory US, says: “It’s no secret that the digital transformation seen worldwide throughout the pandemic
ec4u and Bulpros are merging to create a combined digital cloud solutions platform with more than 1,400 employees across 25 offices in 11 countries, backed by the pan-European private equity firm Silverfleet Capital, which has made a majority investment in the merged company.  The two companies, ec4u and Bulpros, which have been collaborating since 2018, have their headquarters in Karlsruhe, Germany and Sofia, Bulgaria, respectively. The company founders and existing management teams of both companies will remain as large shareholders and continue to operate the merged company. The merger transaction is only subject to regulatory approval.  Founded in 2000, ec4u
Bruin Sports Capital (Bruin) has reached an agreement with Quadrant Private Equity (Quadrant) to become co-owner of global sports technology, media, and marketing company TGI Sport (TGI) to further power the company’s international expansion, distribution, and commercial growth.  The deal, subject to regulatory approval, will see Barclay Nettlefold transition from QMS Media Group CEO to TGI Sport Global CEO upon closure.   The new partnership will build on TGI’s impressive growth, adding the strategic capabilities, capital and resources of Bruin to diversify and expand worldwide. It follows a series of acquisitions over the last two years that has transformed TGI
Blackstone has held the final close of Blackstone Growth (BXG), its inaugural growth equity fund, which was oversubscribed, at its hard cap of USD4.5 billion in third-party capital commitments from a wide range of family offices, entrepreneurs, endowments, strategic institutional investors, pension funds, high-net-worth individuals, and other investors. Blackstone says the fund is the largest first-time growth equity private fund raised in history. Blackstone Growth, Blackstone’s global growth equity business, invests in fast-growing companies, helping them expand their potential through the power of the Blackstone platform. Leveraging Blackstone’s extensive operational resources and network, BXG focuses on providing capital to entrepreneurs
Accelmed Partners (Accelmed), a private equity firm focused on acquiring and investing in US commercial stage, lower middle market HealthTech companies, has led a USD40 million investment in MedMinder Systems (MedMinder), the specialist fully-integrated, end-to-end pharmacy, medication adherence and connected care solution for elderly and polypharmacy patients.    Founded in 2007 by Eran Shavelsky, MedMinder is uniquely positioned to meet the needs of elderly and chronically ill patients who require more comprehensive pharmacy service and better engagement with clinical teams. The company’s touch screen-enabled, automatic pill dispenser is the first solution on the market capable of delivering medications from its
BGF, the UK and Ireland’s most active investor, has completed a GBP5.7 million investment in Source BMX, the world’s leading omni-channel BMX retailer.  The funding will be used to grow the company’s e-commerce offering and fast-track international expansion plans. Source BMX was founded by brothers Rich and Marc Moore in 2003 and has grown to offer the largest selection of BMX bikes, parts and accessories anywhere on the market, sold direct to consumers via its website. In addition to the retail business, Rich and Marc are the creators of Source Park – the world’s largest underground skate park, based in
Lonsdale Capital Partners (Lonsdale), a UK based mid-market private equity group, has exited its investment in Bright Maze Oy (trading as “Amerplast”) a flexible plastic packaging group located in Finland and Poland.  The business has been sold to the British group Hanmere Polythene Limited. The sale has produced a return of 3x on Lonsdale’s investment. Amerplast is headquartered in Tampere, Finland and has manufacturing facilities in Finland and Poland. Since purchasing Amerplast in 2014 from Sumoninen Corporation, Lonsdale has invested significantly in the business to allow Amerplast to have market leading positions in the Hygiene, Bakery and Food end markets.
Enthuse, a donations, fundraising and events platform, has secured GBP3.5 million in a Series A funding round led by Praetura Ventures.  Co-investors included a consortium of existing investors to the business. This brings the total funding raised by Enthuse to GBP7.5 million.    Enthuse provides charity-branded donation, fundraising and event management tools to more than 4,000 charities, and has helped them raise more than GBP100 million to date. It supports one in fove of the UK’s largest charities, including Macmillan Cancer Support, NSPCC, WWF, Save the Children.    On average, the UK donates around GBP10.1 billion to charity each year,
ironSource, an app-focused business platform, is to merge with Thoma Bravo Advantage (TBA), a publicly-traded special purpose acquisition company (SPAC).  The transaction values ironSource at a pro forma equity value of USD11.1 billion, and is supported by a USD1.3 billion oversubscribed Class A ordinary share PIPE led by an affiliate of Thoma Bravo (Thoma Bravo), as well as investments from Tiger Global Management, LLC, Counterpoint Global (Morgan Stanley), Nuveen, LLC, Hedosophia, Wellington Management, The Baupost Group, and certain funds managed by Fidelity Investments Canada ULC and other institutional investors. Upon closing of the transaction, the combined company will operate under

Special Reports

Featured

Events

16 May, 2024 – 8:30 am

Directory Listings