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By Melanie Pittas, partner and co-head of financial services & Karen Allan, director, haysmacintyre – The private equity industry faced a number of challenges during the pandemic, with the majority of these arising from one underlying issue: uncertainty. These challenges included valuations, investor pessimism and a downturn in investment activity.
VSS Capital Partners (VSS), a private investment firm investing in the business services, healthcare, education and information industries has completed a significant growth investment in Centroid Systems Inc (Centroid), a provider of managed cloud-services and enterprise workload consulting services. Financial terms have not been disclosed.
Headquartered in Troy, Michigan, Centroid is one of the few certified Oracle Cloud Service Providers (CSPs) in all of North America, where it has won 14 North American Partner of the Year awards from Oracle. Centroid provides Oracle enterprise workload consulting and managed services across all major public cloud providers, including Azure, Amazon, Google, IBM,
Thoma Bravo, a private equity investment firm focused on the software and technology-enabled services sector, has reached an agreement to acquire Greenphire, the global leader in financial lifecycle management software for clinical trials, from The Riverside Company.
The deal, which is subject to customary regulatory approvals, is expected to close in the second quarter of this year. Jim Murphy, CEO of Greenphire, will continue to lead the company along with the existing management team in King of Prussia, PA. Financial details have not been disclosed.
Founded in 2008, Greenphire enables pharmaceutical industry leaders worldwide to run more efficient and successful
HIG Growth Partners (HIG), the growth capital investment affiliate of HIG Capital, has completed a strategic growth investment in Accounting Seed, Inc, a rapidly growing cloud-based accounting and financial management software platform.
Based in Columbia, MD, Accounting Seed is a mission critical SaaS accounting platform that is purpose built for small to medium enterprises. Built on Force.com, Accounting Seed offers a robust and scalable enterprise grade technology stack and enables its customers to fully pilot their organisations with one system of record and unified workflow – from sales lead through to the general ledger. The Company’s feature rich software platform
NextPhase Medical Devices LLC, a provider of electronic manufacturing services (EMS) and single-use disposable devices to leading medical device OEMs, has acquired Proven Process Medical Devices Inc.
Located in Mansfield, Massachusetts, Proven Process expands NextPhase’s expertise in R&D, engineering, design and manufacturing of FDA Class II and III therapeutic and diagnostic devices. Proven Process’ areas of expertise include implantables, hand-held devices, combination devices, wearable devices and electro-mechanical capital equipment. Proven Process also adds a New England EMS Center of Excellence to NextPhase’s manufacturing locations in New Jersey, New Hampshire and Mexico. NextPhase is a portfolio company of Kidd & Company,
Entrepreneurial Equity Partners (e2p), a Chicago-based, control-oriented private equity firm focused on the food and consumer packaged goods industries, has closed its inaugural fund, Entrepreneurial Equity Partners I (e2p I or Fund I), with USD423 million in aggregate capital commitments.
e2p’s team is led by experienced food and consumer packaged goods (CPG) operating executives and investment professionals with extensive industry networks and an entrepreneurial mindset. Managing Partner Mark Burgett brings over 20 years of private equity and finance experience and Managing Partner CJ Fraleigh brings over 25 years of operating experience, including prior roles as Chairman & CEO of Shearer’s
Dubin Clark, a private equity firm focused on building niche market leaders in the lower middle market, has sold portfolio company Sila Heating & Air (Sila) to funds affiliated with Morgan Stanley Capital Partners. Financial terms of the transaction have not been disclosed.
Sila is a specialist provider of HVAC replacement, service, maintenance, plumbing solutions, and water treatment. The company is headquartered in King of Prussia, PA and services residential customers in the greater Philadelphia, Boston, DC, NY/NJ/CT tri-state area, and Hudson Valley regions.
Dubin Clark launched the Sila HVAC platform in July 2019 and subsequently led the acquisition of
Travel and event management company, TAG, has launched a new travel division focused on the Investment Management sector.
Sitting alongside Corporate, Touring, Events, Private Travel and Production the newly established Investment Management division will deliver a bespoke service to this complex and fast-paced sector, alongside the high touch experience TAG is renowned for.
Director of Business Development and Strategy Daniel Price explains: “We have been working with Investment Management firms for over 30 years, so we understand their ways of working and what is important to these clients. We realised that their needs differ from our Corporate travellers,
Balderton Capital, Europe’s specialist Series A investor, has promoted Berlin-based Colin Hanna to Partner, making him Balderton’s first Partner to be based outside of London.
Hanna started at Balderton in 2016 and sits on the board of portfolio companies including VanMoof, Finoa and Ory.
Hanna is joined in the Berlin office by investor Shikha Ahluwalia. Further demonstrating Balderton’s ongoing commitment to the thriving European tech scene, Hanna will lead investments across Europe in purpose-driven, product-focused companies spanning verticals including Cloud, Consumer, Productivity, and Fintech from the heart of the continent.
NorthEdge-backed Lights4fun, one of Europe’s leading e-commerce retailers of decorative lighting, has appointed a new Chair and CFO, as it enters its next phase of growth which includes expansion in the US.
David Stern joins as the business’ first Chair. Stern was formerly Global CEO of bath, body and hair care brand Crabtree & Evelyn and now sits as Non-Executive Chair for Bleach London and Duke & Dexter.
Originally from New York with experience in digital marketing roles in America, Stern’s network in the States will play a key role in Lights4fun’s growth in the US, assisting with the
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