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Clayton, Dubilier & Rice has completed a previously announced partnership transaction in which CD&R-managed funds invested alongside current owners and management to acquire S&S Activewear, a North American distributor of imprintable apparel and accessories.  The terms of the transaction have not been disclosed. Founded in 1988, S&S has grown under the current management team and owners from a successful midwestern t-shirt and fleece distributor into an industry leader with approximately USD1.5 billion in sales. S&S is a leading distribution platform with sustainable competitive advantage following significant strategic investments in its geographic reach, people and technology. Today, S&S has the largest one
CAPZA, an established European private investment platform focused on small and mid-cap companies, has participated in the refinancing of Sterimed Group’s debt, a specialist in the medical sterilisation packaging industry, and is supporting the acquisition of the European hospital packaging division of the listed group Amcor. Founded in 1911, Sterimed is one of the world’s leading manufacturers of medical sterilisation packaging. Sterimed develops, produces, converts and markets various types of ready-to-use packaging solutions for both hospitals and medical device manufacturers. Today, the group benefits from a global footprint with a broad industrial and commercial base. Positioned in a market with
Charterhouse Capital Partners LLP (“Charterhouse”), one of the longest established private equity firms operating in Europe, has entered into exclusive negotiations for the sale of a majority stake in Cooper Consumer Health (“Cooper” or “the Company”), a European independent over-the-counter (“OTC”) drug manufacturer and distributor, to CVC Fund VII.   The transaction is subject to workers’ council information and consultation and to the approval of relevant regulatory authorities.  Cooper, which is headquartered in Paris, was acquired by Charterhouse in 2016 and since that time has been transformed from a local French champion into a pan-European pure-play OTC platform that manufactures
Aurelius Equity Opportunities SE & Co has acquired Hüppe GmbH from Masco Corporation. The transaction is expected to complete in April and is subject to approval by the relevant antitrust authorities. Financial details have not been disclosed. Hüppe is one of Europe’s leading manufacturers of shower enclosures, shower trays, wall panels and bathroom accessories. The company currently employs around 470 people at two production sites in Germany and Turkey as well as six European sales entities. In 2020, Hüppe generated sales of cEUR70 million, in line with the previous year. This development despite the Covid-19 pandemic reflects on the one
The number of private equity buy and build transactions in the UK rose by 35 per cent during 2020, as private equity houses looked to bolster their portfolio during the Covid-19 pandemic, according to research by Rickitt Mitchell.  Analysis by the corporate finance boutique, in partnership with Experian Market iQ, reveals that a total of 370 bolt-on transactions were completed in 2020 – up from the 276 seen over the course of the previous year.  The bounce back following the Covid-19 pandemic is highlighted by the active second half of 2020, with 232 transactions completed during that period. In contrast,
Partners Group, the leading global private markets firm, has acquired one of the largest district heating platforms (the “District Heating Platform” or “the Company”) in the Baltics, from Finnish energy company Fortum Corporation (“Fortum”).   The Company, which operates across Estonia, Latvia and Lithuania, has 74 generation assets, which generate heat capacity of 881 MW and power capacity of 130 MW across 387 km of district heating networks. The District Heating Platform’s fuel is largely derived from renewable or recycled sources, mainly biomass.   Growing demand for district heating is being driven by several transformative trends in the region, including
Aliter-backed Sponge has completed its acquisition of Idox Compliance from its parent Idox plc. With operations in Germany, Belgium and the UK, Idox Compliance provides corporate compliance eLearning solutions to customers across Germany, Austria, Switzerland and the rest of Europe. Idox Compliance’s leading corporate compliance content, large corporate relationships and geographic footprint are complementary to Sponge’s existing business, which has been created by Aliter through its bringing together of three digital learning businesses, Bolt Learning, Sponge and Skill Pill. Together as one group, it has evolved under Aliter’s direction and continues to exceed its targets despite a challenging economic backdrop.
Manulife Investment Management appointed Joshua Liebow and Mateusz (Matt) Szwarc as co-heads of junior credit for private markets based out of Boston.  
Respira has closed an equity investment in the first quarter of 2021 by Capricorn Investment Group’s Sustainable Investors Fund. This investment aims to catalyse movement of institutional capital towards asset managers with high-quality approaches to sustainability. It will allow for the expansion of Respira’s portfolio-based approach to the carbon offset market.   Acting as an investment principal with secured, long-term contracts with diversified worldwide carbon offset projects, Respira offers businesses the architecture to “progressively achieve emissions reductions targets.” This approach provides institutional investors with both long-term pricing and productivity guarantees.    Robin Bowie, Co-Founder and Director of Respira, says: “We
Global law firm White & Case has advised Epidemic Sound on a USD450 million joint investment by EQT Growth and Blackstone Growth, which values Epidemic Sound at USD1.4 billion. Epidemic Sound is a global MusicTech company headquartered in Stockholm. The company has democratised access to music for storytellers by providing royalty free music and sound effects. Its innovative digital rights model paves the way for creators, from YouTubers to small businesses to the world’s largest brands, to use restriction-free music to elevate their content, whilst supporting the musicians it works with both financially and creatively. Epidemic Sound was founded in

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