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Priority Power Management (Priority Power), an independent energy services provider, has secured a USD250 million investment from funds managed by Oaktree Capital Management (Oaktree) and other select institutional investors.
Ara Partners, a Houston-based private equity firm specialising in industrial decarbonisation investments that acquired Priority Power in 2019, will continue to hold an ownership stake.
“Oaktree is excited to partner with Priority Power and Ara Partners to accelerate Priority Power’s deployment of innovative energy solutions that enable customers to secure energy resources reliably and economically while contributing to grid stability, advancing their adoption of renewable energy, and achieving their sustainability goals.”
Kirkland & Ellis has advised Bain Capital on its investment in Berlin Brands Group (BBG).
With Bain Capital’s acquisition of a minority stake from Ardian, BBG becomes the latest European unicorn. The majority of the shares are still held by Peter Chaljawski and the executive team. BBG has also secured USD700 million of additional equity and debt financing to further develop growth and fund M&A.
BBG is a global e-commerce company and one of the pioneers in the direct-to-consumer business. The Berlin-based hidden champion currently sells over 3,700 everyday items and trendy products across 34 of its own e-commerce
Investcorp, a global provider and manager of alternative investment products, has completed the sale of PRO Unlimited by Investcorp and funds managed by Harvest Partners, an established New York-based private equity firm, to EQT Private Equity, a global investment firm.
The transaction was first announced on 28 June, 2021.
Founded in 1991, PRO Unlimited delivers a full range of services to address procurement, management and compliance issues related to contingent and temporary workers, including independent contractors, consultants and freelancers. PRO Unlimited operates in over 50 countries and provides services to some of the world’s largest and most prestigious companies through
Insurify, a US-based virtual insurance agent and comparison platform, has closed USD100 million in Series B funding led by Motive Partners, a specialist private equity firm focused on financial technology investments.
The round included participation from existing investors Viola FinTech, MassMutual Ventures, Nationwide, Hearst Ventures, Moneta VC, as well as new investors Viola Growth and Fort Ross Ventures.
This is the most recent development for the fast-growing company, which has raised a total of USD128 million to date, has grown its new and recurring revenue by 6x since its Series A funding in Q4 of 2019, and has achieved
Follett Corporation has sold Follett School Solutions (FSS), the company’s K-12 software and content division, to Francisco Partners, a technology-focused global investment firm.
Follett School Solutions, based in McHenry, Illinois, is a longtime trusted educational partner to K-12 schools and districts that provides software and content products, including Follett Destiny, FSS’ market-leading library management system with installations in more than 75,000 K-12 schools worldwide. FSS will join Francisco Partners’ growing portfolio of K-12 education-focused businesses and technologies, including Renaissance Learning, Discovery Education, Freckle, myON and Mystery Science.
“FSS has played a pivotal leadership role in the development of content
Stephen Kenny (pictured) from Blick Rothenberg’s Financial Services team reviews HM Revenue & Customs’ (HMRC) recent announcement on moving the accounting year end for unincorporated businesses.
Caisse de dépôt et placement du Québec (CDPQ), a global investment group, is to acquire the majority ownership of Wizeline, a global technology services provider that partners with clients to build digital products and platforms.
Apax Digital Fund, which has been a majority owner since 2018, will remain as a share holder following the transaction.
Founded in 2014, Wizeline’s origins as a cloud-native, product development company have served it well in its partnerships with customers needing to mature their data-driven capabilities, build next-generation products and platforms, and stay competitive in a constantly evolving market. The company works with its
‘ResTech’ company WALR has acquired technology business QuenchTec.
WALR, launched in lockdown last year by co-founders Lewis Reeves, formerly of VIGA (now Savanta), and Patrick Fraser, formerly Ipsos Mori and Critical Research, has seen a debut year of stellar growth, helping pave the way for this first acquisition.
The combined business, whose technology enables all aspects of the data collection process for insight professionals, will have an initial headcount of around 30 staff in six markets with key bases in the UK, USA and Europe. All QuenchTec staff will transfer with the deal, ensuring a seamless continuation of service for
Turnspire Capital Partners (Turnspire) has completed its acquisition of the Daniel Measurement and Control business (Daniel) from Emerson Electric Co.
Turnspire is also pleased to announce the appointment of Keith Barnard as CEO of Daniel, effective immediately.
Headquartered in Houston with a state-of-the-art, strategically located manufacturing facility in Chihuahua, Mexico, Daniel is a global leader in providing flow and energy measurement technologies and services to the natural gas and refined hydrocarbon industries. With an 85-year heritage as the preeminent supplier of engineered solutions for flow measurement in custody transfer applications, Daniel is the most trusted brand for customers across
Valentina Pozzobon, a Director and Board Member of Humatica, a private equity specialist advisor for portfolio company organisational effectiveness, is to take a full-time role as the Chief Financial Officer of SAMP to help drive the rapid revitalisation of the company.
Pozzobon has extensive international corporate leadership experience gained from assisting numerous private equity investment funds and portfolio companies in Asia, North America and Europe to align processes and organisations for accelerated value growth.
With her academic training in finance & accounting from renown universities in Italy, Sweden and Japan, and experience as Humatica’s Finance Director during the firm’s rapid growth, she will
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