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ynnchurch Capital (Wynnchurch) has acquired Labrie Environmental Group, (Labrie), a manufacturer of refuse collection vehicles and related parts. Founded in 1971, Labrie produces a full suite of side loader, front loader, and rear loader vehicles that it sells through a network of dealers. “We are committed to delivering best-in-class refuse collection vehicles and service for our customers and are excited to partner with Wynnchurch as we continue that mission,” sasaysid Diana Grootonk, CEO of Labrie. Diana added, “Wynnchurch understands our business and the demanding needs of our customers, and we believe, that through our shared vision, we can take Labrie to
Avedon Capital-backed Spindel und Lagerungstechnik Fraureuth (SLF) a niche manufacturer of specialised spindles and roller bearings located in Fraureuth, Germany, has acquired STI, a specialised engineering trading company. The transaction was completed in the form of an asset deal and the parties agreed not to disclose the purchase price or further details of the transaction.   As part of a succession solution, SLF has acquired the family business STI. Founder and CEO Ralf Teufert will stay on board as CEO for a transition period and thereafter reduce his operational responsibilities over time. With the acquisition SLF further expands the group’s product
Europe-based alternatives funds have reached EUR2.00 trillion in AUM for for the first time as of the end of 2019, according to a new report from Preqin.Read the full story at Hedgeweek…
Healthcare
Grand Rounds, a healthcare quality and clinical navigation company, has secured a USD175 million round led by investment funds affiliated with global investment firm The Carlyle Group.  The healthcare focused company will use the funds to accelerate clinical navigation and virtual primary care. Grand Rounds has raised over USD270 million to date.  “We are at a turning point in American healthcare, a moment when healthcare has become virtual-first and data can be used to dramatically improve outcomes,” said Owen Tripp, co-founder and chief executive officer of Grand Rounds.  “Since our founding, Grand Rounds has helped millions navigate their way through
Despite current economic uncertainty, an overwhelming majority (95 per cent) of investors and managers believe the private debt market will continue to grow over the next three years, according to a survey conducted by IQ-EQ and IFI Global.To feed into this paper, investors and managers spanning Europe, North America and Asia-Pacific with a combined overall AUM of USD388 billion were interviewed in May and June 2020 for their views on the prospects of the private debt market given the recent economic dislocation.   Without a doubt, the pandemic has served the private debt market its first real test. Fundraising slumped
Squire Patton Boggs has appointed David Milne as a partner in its Global Corporate Practice in Leeds. Milne joins from Eversheds Sutherland.Milne specialises in private equity transactions and UK and international mergers and acquisitions (M&A). His private equity experience includes acting for numerous private equity firms, as well as for a wide range of management teams and shareholders of businesses in diverse industry sectors. He has advised on investments, acquisitions, buyouts and disposals across the manufacturing, engineering, food and drink, consumer, technology, business services, facilities management and healthcare sectors. He has completed more than 100 M&A deals, including many cross-border
Crestbridge has appointed Aaron Bird as Associate Director of Business Development.In his new role, Bird is responsible for growth, client acquisition and business development, focusing on Mid-Cap fund managers in the global private equity and venture capital space. Based in Jersey, Bird brings with him 19 years’ experience working with alternative and institutional fund managers across Europe, the Middle East and Africa. As well as extensive knowledge of front and back office services, he previously worked in the Fintech space in London and Jersey as a member of the board of one of the world’s largest privately owned foreign exchange
Impact investment platform Bamboo Capital Partners (Bamboo), and Palladium, a global impact advisory and management firm, have entered into a long-term strategic partnership to ‘deliver impact at scale’. Under the terms of the strategic partnership, Palladium has taken a minority stake in Bamboo.   Bamboo and Palladium have joined forces to achieve their shared objective of mobilising private sector investment at scale to significantly contribute toward the UN’s Sustainable Development Goals (SDGs) by 2030. The strategic partnership combines Bamboo’s knowledge of institutional and private sector investors and its track record of impact investing in emerging markets, with Palladium’s global footprint, sector
Bullhorn, a cloud computing company that helps staffing and recruiting organisations transform their businesses, has secured Stone Point Capital as its new lead investor. Insight Partners and Genstar will remain as investors in the business. Stone Point was attracted to Bullhorn on the strength of its long-term opportunity to serve the global staffing and recruiting industry, its consistent revenue growth, and its reputation for customer success. The entire Bullhorn management team will remain with the company to execute on its strategic roadmap and continue its mission to create an incredible customer experience.   The staffing and recruiting industry has increasingly embraced
Dawn Capital, a European venture capital fund dedicated to B2B software, has closed Dawn IV at the fund’s hard cap of EUR333 million/USD400 million.The fund was oversubscribed and closed within six months of launch, after receiving strong support from existing investors and attracting new investors from the US, Europe and Asia. The investors committing to the fund comprise leading institutional investors, including pension funds, endowment funds, fund of funds as well as family offices and high net-worth individuals.   Dawn IV will pursue the same strategy as its predecessor funds, investing in Series A and B rounds in Europe’s leading

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