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3i , and funds managed by 3i, have sold 4.5 million shares in Basic-Fit, a European specialist in the value-for-money fitness market, at a price of EUR44.25 per share.
As part of this transaction, 3i Group has reduced its stake from 11.6 per cent to 5.7 per cent and received proceeds of c.GBP146 million. Following the offering, 3i Group’s remaining stake is worth approximately GBP143 million.
These proceeds take 3i Group’s cash return to date from its investment in Basic-Fit to 4.1x and, including remaining value, to 5.5x. Basic-Fit listed on the Euronext Amsterdam NV at EUR15.00 per share in
Following government focus on low carbon heating roll-out, RSK Group Limited, an integrated environmental, engineering and technical services business, is further strengthening its offering with the acquisition of four businesses across the environmental services sector.
New businesses Carbon Zero Consulting, Envireau Water, Enviroflow and Streetwise are the latest in a series of recent acquisitions to the group, affirming the company’s desire to grow and diversify the business to ensure it can support global clients as they work towards achieving the United Nations Sustainable Development Goals.
Rutland-based Carbon Zero Consulting are expert advice providers in renewable energy, ground source heat pump
MacNeill Pride Group (MPG), a portfolio company of Centre Partners and a diversified global designer and manufacturer of outdoor products and sporting goods, has acquired Rightline Gear, an Asheville, North Carolina-based automotive and outdoor gear designer. Terms of the transaction have not been disclosed.
Inflexion has become the first corporate in the UK to reduce its carbon impact through the purchase of Sustainable Aviation Fuel, an initiative fostered between Neste, a renewable fuel producer, and Reed & Mackay, a corporate travel company. The partnership enables Inflexion to significantly reduce the environmental impact of its business travel.
Reed & Mackay last month announced a partnership to offer Neste MY Sustainable Aviation Fuel™ to all Reed & Mackay clients. Neste MY Sustainable Aviation Fuel is made from sustainably sourced renewable waste and residue raw materials. In its neat form and over the life cycle, Neste MY
IK Small Cap II Fund has signed an agreement to sell its entire stake in BST Group Nordic AB (BST or the Company) to Norvestor. Financial terms of the transaction are not disclosed.
Founded in 2012 and headquartered in Stockholm, Sweden, BST is a full-service provider of active fire protection services. The Company, which is the largest pure-play active fire protection services provider in Sweden with an emerging presence across the Nordics, employs approximately 430 people across the region.
IK partnered with BST in May 2019 and since then has helped facilitate the Company’s strategic development through its investments
H2O.ai, an AI cloud specialist, has closed USD100 million in Series E funding led by Australia’s largest bank, customer Commonwealth Bank of Australia (CBA). H2O.ai has now raised over USD250 million and is valued at USD1.7 billion.
Pivot Investment Partners joins prior investors Goldman Sachs Asset Management and Crane Venture Partners. Existing investors include customers and partners such as Wells Fargo, New York Life and NVIDIA. 20,000 organisations, millions of data scientists, and half of the Fortune 500 trust H2O.ai as their AI provider. The company has a Net Promoter Score (NPS) of 78— the highest in the industry. The
Arlington Capital Partners’ (Arlington) portfolio company, BlueHalo (the Company), a provider of advanced engineering solutions and technology to the national security community, has acquired Citadel Defense Company (Citadel).
Headquartered in San Diego, CA, Citadel develops advanced counter unmanned aerial systems (cUAS) technology utilised by customers within the Department of Defense and Intelligence Community, as well as civilian, commercial, and international markets. Founded in 2016, Citadel’s team of engineers and data scientists has developed best-of-breed cUAS products that leverage proprietary artificial intelligence and machine learning (AI/ML) algorithms to enable operators to locate drone threats, track flight paths, and autonomously neutralise threats.
Middle market private equity firm One Equity Partners (OEP) has completed the acquisition of USNR, the world’s most comprehensive supplier of equipment and technologies for the wood processing industry, and Wood Fiber Group, a manufacturer and supplier of sawmill consumables, parts, and services.
OEP subsequently merged the two businesses to a frontrunner for wood processing equipment and aftermarket parts & consumables, with projected 2021 revenues greater than USD500 million. Financial terms of the private transaction were not disclosed.
“This investment in USNR and Wood Fiber Group is a perfect example of One Equity Partners’ ability to identify and execute
North Sky Capital (North Sky), a specialist in impact investing has appointed Ingrid Michalski as a Fund Operations Analyst.
“We are thrilled to welcome Ingrid to North Sky,” says Scott Barrington, North Sky’s Chief Executive Officer. “She brings many years of experience in investment operations and will be an excellent addition to our growing team.”
Michalski joins North Sky from Waycrosse, a Minnesota-based family office where she served as an Investment Operations Specialist. Previously she was a Securities Operations Specialist at Clearlend Securities and an International Banking Specialist at US Bank. Ingrid holds a Bachelor of Business Administration from the
McAfee Corp (McAfee), a specialist in online protection, is to be acquired by an investor group led by Advent International Corporation (Advent) and Permira Advisers (Permira), Crosspoint Capital Partners (Crosspoint Capital), Canada Pension Plan Investment Board (CPP Investments), GIC Private Limited (GIC), and a wholly owned subsidiary of the Abu Dhabi Investment Authority (ADIA).
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