Latest News
Waterland Private Equity (Waterland) is to invest in Bano Group (Bano), an international supplier of complete bathroom solutions to the healthcare sector. This marks Waterland’s first investment in Norway.
Bano is a developer, producer and distributor of limited mobility bathrooms, with a focus on nursing homes. Since its foundation in 1999, the company has grown to become a market leader in the Nordic region, with an annual revenue of NOK 331 million in 2020 and an average annual growth rate of 12 per cent in the past five years. The company specialises in superior innovative solutions that improve the quality of
Verus, an investment consulting and OCIO provider, has added two additional investment professionals to the team working out of its Pittsburgh office.
The most recent additions are Chris Shelby, director, Private Markets and Evan Benedict, consulting associate. Shelby and Benedict join investment consulting industry veterans Mark Brubaker, managing director, senior consultant and a member of Verus’ Management Committee, and Ted Herman, managing director, senior consultant.
“We are delighted to add Chris and Evan to our roster of talented professionals at Verus. Our presence on the East Coast has been well-received and has assisted us in growing our business there and
UBCO, a specialist in utility electric vehicles, has raised USD10 million by bringing on board investors Oregon based Seven Peak Ventures, Nuance Capital, global technology powerhouse TPK Holdings.
This USD10 million funding comes off the back of a strong year for UBCO, including expansion across new and existing markets and the introduction of its subscription service. UBCO will use the funding to help continue scaling into the US, which will be its biggest market, focusing on the food delivery, postal, agriculture and last mile sectors. Already a large proportion of customers use UBCO vehicles for work in the gig economy
Squire Patton Boggs continues to expand its Financial Services Practice Group with the appointment of Steven Ward as partner in the firm’s London office.
Ward, who joins from Paul Hastings, will spearhead the development of a new Funds Practice.
Welcoming Ward, Jonathan Jones, European managing partner, says: “Steven will drive forward a new Funds Practice from London and focus on the fundraising and ongoing advising of real estate, private equity, venture capital and debt funds, offering our diverse client base additional investment expertise to complement our current transactional support for their businesses.”
“Steven’s arrival is another step in
Puma Private Equity, the private equity division of Puma Investments, has exited its stake in portfolio company, Pure Cremation – a fast-growing direct cremations business.
Pure Cremation has been the driving force behind the UK-wide adoption of direct cremation, a straightforward and affordable alternative to traditional funerals, enabling loved ones to hold a more personal event to commemorate the deceased’s life at a later date.
Puma delivered GBP7.35 million of funding in two rounds, in November 2017 and December 2018. Since then Pure Cremation has gone from strength to strength, doubling in size each year since launching in 2015 as
One Equity Partners (OEP), a middle market private equity firm, has completed the acquisition of the BRUSH Group (BRUSH0, an independent provider of equipment, services and solutions for electrical power generation and distribution. Terms of the private transaction have not been disclosed.
Founded in 1889, and headquartered in Ashby de la Zouch, United Kingdom, BRUSH has a long and rich history serving power generation, control and distribution products, namely turbogenerators, transformers, and switchgear. The Company’s 1,200 employees also provide a wide range of services for these same product segments worldwide. BRUSH’s products are used across a wide range of end
LGT Capital Partners has held the final close of Crown Secondaries Special Opportunities II (CSSO II), its second dedicated direct secondaries fund, with total subscriptions of USD1.57 billion.
Oakley Capital’s Oakley Capital Private Equity III (Fund III) has agreed to acquire PRIMAVERA Business Software Solutions (PRIMAVERA), a Portuguese specialist in business management software.
The Company will be combined with existing Oakley Capital portfolio company Ekon, a Spanish provider of Enterprise Resource Planning (ERP) software, to create a new group under the name Grupo Primavera, which will be the largest independent provider of business software in Iberia. The transaction is subject to regulatory approval.
Founded in 1993, PRIMAVERA provides ERP and cloud business software solutions to over 32,000 Small and Medium-sized Enterprises (“SMEs”) across Portugal and Portuguese-speaking Africa. PRIMAVERA
Investcorp, a global provider and manager of alternative investment products, has released a new whitepaper – “Increasing Allocation to Private Markets” – which reviews the trend of investors increasing their allocation of capital to private market investments such as private equity, private debt, real estate, absolute return, infrastructure and GP stakes.
During a turbulent 2020, when traditional asset classes faced several challenges, such as historic lows in fixed income yields and a volatile equities market, capital continued to shift towards private markets. Investor appetite has been influenced by factors such as active management approaches and longer investment horizons that offer
IK Investment Partners (IK) is in exclusive discussions with Fremman Capital to sell its stake in VPS from the IK VII Fund. Financial terms of the intended transaction have not been disclosed.
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