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Levine Leichtman Capital Partners (LLCP), a Los Angeles-based private equity firm, has closed the bLLCP Lower Middle Market Fund III (LMM III) with total capital commitments of USD1.38 billion.
LMM III, which was significantly oversubscribed and closed at its increased hard cap, received strong support from existing and new institutional investors across North America, Europe, the Middle East, and Asia.
LMM III will invest primarily in US-based lower middle market companies with less than USD50 million of revenues. The fund will utilise LLCP’s highly successful structured private equity strategy to invest in entrepreneur-led businesses, generating a combination of growth
IMServ, a UK specialist in smart metering technology and data for the industrial, commercial, and domestic electricity sectors, has partnered with energy transition leader private equity firm Bluewater through a successful acquisition from international company Schneider Electric providing energy and automation digital solutions for efficiency and sustainability.
The value of the transaction has not been disclosed.
IMServ is a leading provider of electricity metering services (both installation and management of smart and advanced meters), data services (smart and advanced meters data analysis and management) and visualisation services. At the business’ core is a range of specialist electricity metering technologies,
Cairngorm Capital Partners has merged two of its portfolio companies, Grant & Stone Group and Independent Builders Merchant Group (IBMG), creating a builders’ merchant group with 123 branches, revenues in excess of GBP500 million and over 1,700 employees.
The new Group extends from Cornwall to Kent and comprises builders’ merchants, electrical wholesalers, plumbers’ merchants, kitchen and bathroom showrooms, roofing merchants, a timber processing site and a dedicated ecommerce business.
Both Grant & Stone and IBMG have prospered from Cairngorm Capital’s expertise in supporting their transformational growth. Cairngorm Capital acquired Parker Building Supplies in March 2018 and following three further acquisitions
Browne Jacobson’s national private equity team has advised North West based Access Creative College (ACC) on its Apiary-backed acquisition of the sound and music institute, dBS for an undisclosed consideration.
Ara Partners (Ara), a private equity firm specialising in industrial decarbonisation investments, has hired Sarah Kent and Rob Tripp as Operating Partners, David Lynch as a Principal and Chris Trachier as a Senior Associate.
“The additions of Sarah and Rob help us further deepen our operating expertise and actively manage our existing portfolio, and broaden our capability to evaluate attractive opportunities,” says Troy Thacker, a Managing Partner at Ara. “Each will play key roles as we continue to execute on our strategy of investing in businesses that decarbonize the industrial sector.”
“We are also excited to welcome David and
Global professional services firm Alvarez & Marsal (A&M) has expanded its Global Transaction Advisory Group (TAG) into Geneva, with the appointment of Amaury Bonnaire as Managing Director.
Following the arrival of Managing Directors Cristina Almeida and Ignacio Basagoiti in Madrid and Ali Anwar, in Dubai, Bonnaire’s hire aligns with A&M’s strategic plan to expand its EMEA footprint in response to growing market demand.
Bonnaire advises corporate and private equity clients on integrated approaches for maximising value and generating growth. He specialises in buy and sell-side due diligence, share and purchase agreement advice, carve-out accounts and post-deal support.
Complementing Global Transaction
Raymond James | Cebile has released its H2 2021 Secondaries Market Update, which summarises key trends witnessed in 2021, and the outlook for the rest of the year.
3i Group (3i) is to invest in Dutch Bakery, a bakery group specialised in home bake-off bread and snack products.
Headquartered in Tilburg, Dutch Bakery operates six bakeries across the Netherlands. 3i is investing to drive the company’s international growth strategy in the fragmented European private label market for bake-off products. In addition, 3i will support Dutch Bakery in the continued investments in its home markets.
The business has a leading position in the Dutch market, where its private label customers include all major Dutch food retailers. The company offers a leading, innovative and comprehensive assortment, which is produced
Alternative investments manager Oxford Capital has appointed Stephen Hampson as Investment Director.
Hampson will focus on deal origination and new investments in addition to portfolio development and management focusing on the venture capital portfolio. The portfolio focuses on investing in early stage UK technology companies in sectors which the UK is considered a world leader such as fintech, AI and machine learning and digital health
Hampson has over 20 years of experience in building technology companies as both a CEO and investor with experience in a wide range of industries, technologies, and geographies; including Europe, Australasia and the
Apex Group Ltd (Apex), a global financial services provider, has launched a Carbon Footprint Assessment & Reporting service to meet growing market demand.
The new offering helps funds and companies to measure the sources of emissions, implement plans to reduce their carbon footprint and provide a mechanism to offset any residual emissions.
The launch coincides with new global research by Apex which found that 91 per cent of private equity leaders believe that Climate Change is an urgent issue, and 81 per cent agree that they and their portfolio companies should take greater responsibility for their carbon footprint.
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