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RD Capital Partners (RDCP) is back on the acquisition trail after completing the buyout of Macair, a mechanical engineering firm that specialises in heating, ventilation and air conditioning (HVAC) facilities maintenance and installation. This follows RDCP’s recent acquisition of Mexican restaurant chain Chilango and forms part of the firm’s continued strategy to grow and diversify its investment portfolio.   With offices in London and Hertfordshire, Macair has been in business for over 25 years, having been established in 1994. The company is RDCP’s second acquisition in the engineering and construction sector, following its acquisition of the civil engineering firm Killingley earlier
Starboard Value Acquisition Corp (SVAC) has closed its initial public offering of 36,000,000 units, which was priced at USD10.00 per unit, and resulted in gross proceeds of USD360 million.
Czech investment company Jet Investment’s portfolio company TEDOM, has appointed Vladimír Hlavinka, an experienced manager in the field of the power industry, as CEO. Hlavinka replaces Josef Jeleček, the founder of the Group which produces gas cogeneration units and operates thermal energy sources with an annual turnover of nearly CZK4 billion. “Now that TEDOM has a single shareholder, the time has come to simplify the management of the Group and to take further steps that we have not been able to take in the past due to the dispute with the other shareholder,” says Jeleček. “TEDOM needs a view from the
An affiliate of middle-market private equity firm Peak Rock Capital (Peak Rock) has completed its acquisition of Paragon Healthcare (Paragon) in partnership with the management team of the Company.Paragon is a leading provider of ambulatory and home infusion services and specialty pharmacy services. The Company provides comprehensive, high quality infusion services to patients with chronic health conditions and those in need of post-acute care. Headquartered in Dallas, Texas, with pharmacy and infusion operations in Alabama, Georgia, Tennessee, Louisiana, Texas, Oklahoma, Colorado, Oregon, and Washington, the Company has built an excellent reputation in the industry for its service to patients across
CIPHR, a leading UK provider of SaaS HR, payroll and recruitment solutions, has completed the acquisition of its strategic software partner, Digits Industries Ltd (Digits). The move follows CIPHR Group’s successful acquisition in December 2019 of Payroll Business Solutions (PBS).   CIPHR has partnered with Digits since 2018 to provide learning management solutions to CIPHR customers, integrated with CIPHR’s people management solutions, and making it easy for organisations to create, deliver and manage engaging online learning activity. Through the partnership with CIPHR, Digits has been able to grow the use of their LMS tools substantially. The two businesses already have more
Panasonic Corporation has launched Conductive Ventures II, with a commitment of USD150 million, a 50 per cent increase from the first fund. Headquartered in California, the new fund will invest in expansion stage enterprise software and hardware technology companies in the areas including artificial intelligence, financial technology, digital health, future of work, commerce, autonomous vehicle technologies, advanced manufacturing, among others. The first fund invested in companies such as Ambiq Micro, Blueshift, CSC Generation, Desktop Metal, Gen G, Jackpocket, Proterra, Self, Sprinklr, Survata and Versatile. Despite the young vintage of Fund I, one of its first investments, Desktop Metal, has announced its
Clayton, Dubilier & Rice has appointed Gilles Schnepp, former Chairman and CEO of Legrand SA (EPA:LR), as an Operating Advisor to CD&R funds. Under Schnepp’s leadership from 2006 through 2018, Legrand grew revenue from approximately EUR3.7 billion to EUR6 billion and net profit from EUR255 million to EUR772 million. During this period, Schnepp implemented a number of key growth and operational improvement initiatives, such as broadening Legrand’s product offering from primarily European markets to a broad global portfolio of electrical and digital infrastructure solutions, two-thirds of which ranked first or second in their markets in 2019.   Schnepp drove Legrand’s expansion
Kirkland & Ellis is advising EP Global Commerce on a multibillion euro voluntary public takeover offer to the shareholders of METRO AG for the acquisition of all non-par value ordinary and preference shares. METRO Group is a German global diversified retail and wholesale cash and carry group based in Düsseldorf. EP Global Commerce (EPGC) is an acquisition vehicle controlled by Daniel Křetínský, who owns 53%, and is acting in concert with Patrik Tkáč, who owns 47 per cent. The company was founded in April 2016 and is based in Prague. At present, EPGC indirectly holds 29.99 per cent of the ordinary
Global technology investor, Amadeus Capital Partners has expanded its investment team with the appointments of Edward Kliphuis and Kai Schmitz as Partners and Ana Bernardo-Gancedo as a Healthcare Analyst.With Managing Partner Andrea Traversone, Kliphuis will lead the Amadeus “Scale” investment activities, supporting the next generation of Europe’s transformational companies.   Kliphuis joins from M Ventures, a EUR400 million AUM corporate VC-arm of Merck KGaA, where he was responsible for healthtech, frontiertech and sustainability investments. Kliphuis led, among others, investments in Akili Interactive Labs (first FDA-approved prescription videogame), Wiliot (battery-free Bluetooth tags) and Sonde Health (voice-analysis for health and wellness). Prior to
McGuireWoods has added to it global finance practice in London with the appointment of partner Linn Mayhew.Mayhew focuses on international acquisition and leveraged finance for private equity sponsors, alternative investment funds, banks and corporate clients. She advises borrowers and creditors at all levels of the capital structure. She also advises on fund finance, restructurings and general banking matters. Mayhew joins McGuireWoods from DLA Piper, where she was a senior finance lawyer. She previously was legal counsel at NatWest, supporting the bank’s leveraged finance business, and was an associate for six years at Simpson Thacher. McGuireWoods has one of the largest

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