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Audax Private Equity (Audax) has completed the sale of Katena Products (Katena) to Corza Medical (Corza), a GTCR portfolio company.
Katena is a global provider of precision ophthalmic instruments and therapeutics to physician offices, hospitals, surgical centres, distributors, medical device OEMs, and clinics. The company has more than 200 employees across Europe and North America and serves over 5,000 customers around the world.
Funds advised by Apax Partners are selling their controlling stake in Unilabs, a pan-European provider of laboratory and imaging diagnostics services, to AP Moller Holding, the parent company of the Danish AP Moller Group founded and run by the Maersk family.
Tern PLC, ALP and Venafi have led a USD2.9 million funding round in Device Authority, a specialist in identity and access management (IAM) for the Internet of Things (IoT).
The funding will be used to accelerate the revenue growth of the company through expansion within the core markets, most notably the US, whilst accelerating further enhancements to the development of its flagship KeyScaler product.
abrdn is to acquire 100 per cent of the ordinary share capital of the holding company of Interactive Investor (ii) from its shareholders, including majority shareholder JC Flowers IV LP (a fund advised by JC Flowers), for a total consideration of GBP1.49 billion, subject to a locked box adjustment and a regulatory capital adjustment.
An investment group led by New York-based private equity firm Cortec Group’s Cortec Group Fund VII, has completed the growth recapitalisation of Pink Lily Holdings in partnership with founders Tori and Chris Gerbig.
Bernhard Capital Partners Management (BCP) has completed the sale of of Bernhard, a privately-owned, US Energy-as-a-Service (EaaS) solutions company to global independent infrastructure investment fund manager DIF Capital Partners (DIF), through its DIF Infrastructure VI fund.
As BCP’s first portfolio company, the sale of Bernhad represents a significant milestone for the firm’s inaugural flagship fund.
SUSI Partners, through its Energy Efficiency Fund II, is partnering with Greek ESCO Vashelios for the financing, implementation, and operation of LED public street lighting retrofits in Greek municipalities.
SUSI will initially provide capital for projects in three Greek municipalities to be undertaken by Vashelios, a full-service provider offering design, installation, maintenance, and operation of LED street lighting systems. A sizeable project pipeline currently being developed by Vashelios is expected to be financed under the same framework agreement.
SK Capital portfolio company Tilley Company (Tilley), a US based distributor and service provider of specialty ingredients, has merged with with Phoenix Aromas and Essential Oils (Phoenix), a US-based distributor of flavour and fragrance ingredients and compounds, serving the food and beverage, personal care, pharmaceutical, air care, and fragrance markets.
Committed debt financing for the deal was led by Madison Capital Funding LLC and the combined business will now be known as the Tilley Phoenix Group.
Funds services provider Praxis Fund Services (PFS) has supported tech-focused venture capital group Hambro Perks on the launch of the first Special Purpose Acquisition Company (SPAC) to be listed on the London Stock Exchange (LSE).
The Financial Conduct Authority (FCA) consulted on listing rules for the LSE earlier this year with recommended changes coming into effect in August 2021. These variations aligned the LSE with the SPAC model, which has become popular in US markets, where more than 600 SPACs have listed since 2020. SPACs are now able to remain open for trading following an acquisition announcement providing it meets
OpenGate Capital portfolio company, Duraco Specialty Tapes (Duraco), a manufacturer of pressure-sensitive tapes and specialty materials, has acquired 3 Sigma, a custom solution provider of pressure-sensitive products and specialty coatings, from Brixey & Meyer Capital.
Terms of the third add-on transaction for Duraco since its acquisition by OpenGate in June 2019, have not been disclosed.
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