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Total Capital Partners (Total Capital) has funded the management buyout of precision engineering business Precise Component Manufacture Limited (PCML). Total Capital provided a complete equity and debt funding package to back the business and facilitate the exit of the retiring shareholders.  Utilising its single source funding model Total Capital is providing GBP17 million of equity and debt and will take an 85 per cent equity stake in the business.    Headquartered in Cambridgeshire and with five manufacturing sites in East Anglia, PCML provides rapid-turnaround manufacturing of complex custom components and assemblies to clients in R&D intensive industries, with an increasing
Global private equity firm The Riverside Company, is to invest in Altius Group Holdings (Altius), a specialist provider of allied health services in Australia. The company provides a range of services including occupational rehabilitation case management and return-to-work support, employee counselling and wellbeing through employee assistance programs, functional capacity assessments and physical therapeutic treatment to disabled individuals under the National Disability Insurance Scheme. Altius has 30 locations across Australia. “We’re thrilled to partner with Derick Borean and the Altius team to enhance an already-strong health services platform in Australia,” says Riverside Partner Nick Speer. “Working together, we plan to expand
McGuireWoods is launching an initiative to help Black private equity and finance professionals develop business opportunities and drive progress toward a more diverse and inclusive community. The Black Professionals in Private Equity & Finance (BPE) initiative will bring together professionals from across the financial services sector to network, share ideas and promote change in the industry. BPE will feature panel discussions and roundtables with leaders in the financial services sector and an online series highlighting trailblazers and rising stars. McGuireWoods partners Greg Kilpatrick, chair of the Securities & Capital Markets Department, and Gerald V Thomas II, chair of the Tax
HCAP Partners, a California-based private equity firm and nationally recognised impact investor, has invested in 83bar, an Austin, Texas-based specialist in patient journey management for both clinical trials and commercial clients across pharma, medical device, and diagnostic industries. The mezzanine debt infusion will be used to restructure existing debt, provide share redemption for a small group of existing investors, and provide supplemental growth capital. Terms of the investment were not disclosed.  Founded in 2015, 83bar provides a cost-effective patient activation platform to find and retain qualified individuals for clinical trials and commercial clients. The company locates patients on behalf of
Gauge Capital (Gauge), a middle market private equity firm, has closed its third fund with an oversubscribed first and final close of USD800 million in commitments.  The Gauge Capital team is the largest investor in the fund and represents over 25 per cent of the committed capital. Ropes & Gray LLP served as counsel. Gauge Capital is a private equity firm that partners with owners, managers, and equity stakeholders of successful middle market companies to maximise their potential. The firm focuses on investing in growing services and technology-enabled companies in the business and consumer, healthcare, industrial, government and food sectors.
Flexpoint Ford, a private equity investment firm specialising in the financial services and healthcare industries, has promoted Michael Fazekas and Dominic Hood to Managing Director, and Dan Grigorescu, Vilas Nair and Thomas Shi to Principal. “We are excited to announce the promotions of these talented investment professionals. As Flexpoint grows in size and scope, continuing to develop our world class team of experienced investors is important to the long-term success of the firm,” says Don Edwards, CEO and Founder of Flexpoint Ford. “These promotions reflect the important contributions that these individuals have made to the growth and performance of the
The Eurazeo group raised EUR2.8 billion from its investor partners across 2020, an increase of 18 per cent compared with 2019. Amid a volatile context caused by the Covid-19 crisis, this strong performance provides further vindication of Eurazeo’s strategy of diversification. The Group remains a leading investor in private markets and one of the few in Europe to offer clients investment solutions in three high-return asset classes (Private Equity, private debt and real assets), covering the whole business development cycle (Venture, Growth, SME, mid-to-large cap), and with expertise in all promising business sectors. The trust placed in Eurazeo by major
Blue Point Capital Partners (Blue Point) has made its eighth Blue Point IV platform investment with the acquisition of Cleveland-based Transtar Holding Company (Transtar).  Transtar is a global leader in the value-added distribution of original equipment and aftermarket automotive products for the transmission and driveline repair market. The local partnership with Blue Point will accelerate the Company’s growth through continued refinement of its industry-leading e-commerce technology, enhancement of supply chain efficiencies and execution of strategic add-on acquisitions. Transtar has distributed thousands of high-quality branded and propriety parts to transmission repair shops and other automotive channels around the globe since 1975.
Global law firm White & Case has advised Memsource, an AI-powered translation management system headquartered in the Czech Republic, and its majority shareholder The Carlyle Group, on the acquisition of a majority stake in Phrase, a German software localisation platform, from its existing shareholders. “Our international team helped to successfully navigate this important strategic acquisition, which is the first since Carlyle’s investment in Memsource last year,” says White & Case partner Ken Barry, who led the Firm’s deal team. “The strong combination of Memsource and Phrase together with Carlyle’s investment in this accelerating sector highlights White & Case’s robust expertise
Swander Pace Capital (SPC) has completed the sale of Clarion Brands, a consumer products company specialising in over-the-counter (OTC) healthcare solutions and dietary supplements, to Bridges Consumer Healthcare LLC, a consumer healthcare company partnering with Charlesbank Capital Partners. Clarion markets a portfolio of leading niche OTC and dietary supplements brands that are sold to food, drug, mass, and online retailers throughout the United States and Canada.    Swander Pace Capital partnered with the former management team of Insight Pharmaceuticals following its sale to Prestige Brands Holdings in 2014, and created the Clarion consumer healthcare platform. Under the ownership of SPC,

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