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CVC Capital Partners (CVC) funds have completed the acquisition of RiverStone Europe from Fairfax Financial Holdings Limited (Fairfax) and OMERS, the pension plan for Ontario’s municipal employees.
The RiverStone Europe Group will now operate under the name RiverStone International.
RiverStone International is one of the largest global consolidators of non-life run-off insurance books, with a leading position in the UK and Lloyd’s markets and over 20 years of experience helping insurers release capital, streamline their operations and reduce volatility. Since 2010 the company has completed 22 acquisitions of legacy non-life books from blue-chip insurers and today manages around USD4 billion
Century Park Capital Partners (Century Park) has completed the sale of Covercraft Industries (Covercraft) to Audax Private Equity.
Covercraft is a branded manufacturer of custom vehicle protection products including automotive covers, seat covers, front end masks, dashboard covers, window sunscreens, RV covers, boat covers, and other products that “protect the things that move you”. The company focuses on custom-fitted covers with a library that includes more than 300,000 patterns for distinct automotive, marine and outdoor protection products.
Covercraft was founded by Bob Lichtmann in 1965, who established the company as a leading brand in the custom automotive accessory market. His
Blue Wolf Capital Partners (Blue Wolf), a New York-based private equity firm, has appointed Mike Sutter as an Operating Partner focused on the firm’s investments in the industrials sector.
Sutter most recently served as Chief Executive Officer of Airtech Vacuum Inc, a leading global designer and manufacturer of vacuum pumps, blowers and vacuum and compressor systems.
“One of Blue Wolf’s key differentiators is our team’s industry and operating expertise, and I am pleased to build on this talent with the addition of an industrial manufacturing veteran like Mike,” says Adam Blumenthal, Managing Partner of Blue Wolf. “Mike has a track
Bespoke Partners, a provider of retained executive search and leadership advisory services, announced today that Katelyn Quaresma has been promoted to Partner at the firm.
Most recently serving as Vice President, Quaresma has been pivotal to driving Bespoke Partners’ rapid growth and advancing its industry-leading executive recruiting process for private equity-backed software companies. She leads Bespoke’s CFO practice and has successfully placed executives for Thoma Bravo, Clearlake Capital, TA Associates and other top private equity firms.
“Quaresma has established herself as an exceptional leader throughout her time at Bespoke,” says CEO Kristie Nova. “Not only has she been an outstanding
Alderwood Capital (Alderwood), a London-based fund manager, has appointed David Townsend to the role of Head of Investor Relations, further strengthening its rapidly growing team.
In this newly created role, Townsend will lead the investor relations function. His responsibilities will encompass sourcing and securing capital for Alderwood’s investment capability through to developing enduring partnerships with distribution partners and institutional asset owners and their consultants.
Townsend brings over 28 years’ experience in institutional investor relations, marketing and sales to the role. He joins after four years at First Eagle Invesment Management where he was Senior Vice President and Head of
Apex Group (Apex) has closed its acquisition of Brazilian independent fund administrator BRL Trust Investimentos (BRL Trust).
BRL Trust’s clients can now benefit from access to the Group’s single-source solution, including an extended range of products and markets, serviced by over 5,000 people across 50 offices worldwide.
This acquisition expands the Group’s growing presence in the Latin American market, adding 160 new colleagues and a new office in São Paulo. This strategic addition to the Group further supplements its local market private equity expertise, while adding liquid asset servicing capabilities for Brazil.
BRL Trust’s client base includes large
Wella Company (Wella), a specialist in the USD100 billion beauty industry with a top professional and retail hair, beauty tech and nail portfolio of iconic brands including Wella Professionals, Clairol, OPI, Nioxin, Sebastian Professional and ghd, has appointed three diverse C-suite executives to its Leadership Team.
Virginie Costa joins as Global Chief Financial Officer; one of only seven women in a pool of 25 CFOs leading global finance functions among the top 25 beauty companies. Gretchen Koback Pursel joins as Global Chief People Officer and Hugh Dineen joins as President of Global Brands and Global Chief Marketing Officer. The appointments,
Funds advised by SK Capital Partners (SK Capital), a private investment firm focused on the specialty materials, chemicals and pharmaceuticals sectors, has acquired the monomers, polymers and European businesses of Deltech Holdings (Deltech).
SK Capital has acquired a majority interest in the Baton Rouge, Louisiana-based business. Bob Elefante, one of Deltech’s original founders and current President and CEO, is retaining a significant ownership stake in the Company and will remain actively involved in the business, including serving on the Board of Directors.
“Deltech is a world leader in the production of high-performance aromatic monomers and specialised crystal polystyrene,” says
The number of UK businesses acquired by US private equity houses has jumped 57 per cent from 37 to 65 in the past year, as PE funds look to the UK for value, new research from global law firm Mayer Brown has revealed.
US PE firms also account for a larger share of takeovers of UK businesses, rising from 18 per cent of total UK PE deals last year to 21 per cent in 2021. Meanwhile, the share of UK PE acquisitions by UK PE funds has fallen from 72 per cent last year to 67 per cent in the
Memery Crystal has advised Vitality CBD on its GBP10.2m acquisition by CSE/AQSE-listed Yooma Wellness via the company’s wholly owned subsidiary, Yooma Europe Limited.
Vitality is a market-leader in CBD products in the UK, and its presence at mainstream retail outlets such as Boots, Lloyds Pharmacy, Tesco and ASDA means that this acquisition adds a significant source of recurring revenue to Yooma and its subsidiaries.
Yooma Wellness are a global vertically integrated wellness platform that develops and markets a portfolio of CBD and wellness brands. The acquisition of Birmingham-based Vitality also expands Yooma’s target customer base and distribution network for its
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