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Odyssey Investment Partners (Odyssey) is to acquire Protective Industrial Products Inc (PIP), a global supplier of personal protective equipment (PPE) and industrial safety products, from Audax Private Equity.
Financial terms of the transaction were not disclosed.
PIP, founded in 1984, offers a broad suite of the most recognised PPE products and brands across numerous segments, including hand & arm protection, protective clothing, head protection, eye & hearing protection, and other safety protection. Headquartered in Latham, NY, PIP has a diversified channel presence across distributors, retailers, and e-commerce platforms; the largest and most knowledgeable sales force in the industry; and an
Nordea Asset Management has reached the EUR150 million target for its first secondary-investments focused fund, Nordea Private Equity Secondary Fund I, ahead of its final close on 12 January 2021.
Nordea Private Equity Secondary Fund I was launched in 2019 and complements Nordea’s Private Equity flagship fund, Nordea Specialised Investment Fund, SICAV-FIS – Global Private Equity Fund, an open-ended solution with over 50 institutional investors and private equity commitments of over EUR 1bn to top quartile funds since 2012.
In a low-yielding environment, investors are looking for opportunities within illiquid asset classes and secondary investments have been delivering strong
Levine Leichtman Capital Partners (LLCP), a Los Angeles-based private equity firm, has sold its portfolio company Safety Products Holdings, LLC, the parent company of Pacific Handy Cutter (PHC), to Bertram Capital.
PHC is the leading supplier of specialised safety cutting tools and replacement blades to a diverse range of end markets. The Company is a recognised leader in the industrial safety market for standardising the method of opening packaging and providing products that are engineered to eliminate workplace injuries, reduce damaged merchandise and improve employee productivity. PHC was founded in 1950 and is headquartered in Irvine, California.
Matthew Frankel, Managing
Kian Capital Partners (Kian), a middle-market focused private investment firm, has promoted David Duke and David Hare to Partner, Business Development and Vice President, respectively.
“Both David Duke and David Hare have been critical players in applying our fundamental belief that sustained, long-term equity value is created through genuine partnerships with all of our key stakeholders including portfolio company leaders, deal sourcing partners and investors,” says Co-Founder and Partner Kevin McCarthy. “They should be proud of their accomplishments in helping to further Kian’s reach and platform.”
Rick Cravey, Co-Founder and Partner, adds: “David [Duke]’s contribution since arriving has significantly
With the end of the transition phase looming, new figures continue to point towards Jersey playing an increasing role in enabling alternative fund managers to access EU investor capital post-Brexit.
According to recent data from the Jersey Financial Services Commission (JFSC), the number of managers choosing to market their funds into the EU through Jersey using national private placement regimes (NPPR) is continuing to rise.
As at 30 June 2020, there were 192 Jersey-registered alternative managers marketing their funds into the EU through private placement – a 5 per cent rise on the figure from six months prior and 12
European software investor Hg has made an investment in Geomatikk Group (Geomatikk), a tech-enabled services provider, managing critical ‘check-before-you-dig’ safety assessments to network owners, contractors and consulting engineers within Norway, Sweden and Finland.
Hg will support Geomatikk with its extensive experience in scaling tech champions across Europe. Hg will become the majority investor, with founders and management remaining as significant investors in the business. The full terms of the transaction are not disclosed and closing is subject to obtaining relevant regulatory approvals.
Founded in 2005, Geomatikk is a leading tech-enabled services provider managing critical “check-before-you-dig” requests in Norway, Sweden
Gryphon Investors (Gryphon), a middle-market private equity firm based in San Francisco, CA, has acquired Physical Rehabilitation Network (PRN) from Silver Oak Services Partners (Silver Oak).
Silver Oak will make an investment in the newly recapitalised company, and PRN’s management team will remain with the Company and retain an equity stake as well. This transaction marks Gryphon’s third investment in the physical therapy category after successful earlier investments in Accelerated Rehabilitation and CORA Physical Therapy. Terms of the deal were not disclosed.
Kevin Blank, Gryphon Operating Partner to Gryphon’s Healthcare Group, says: “Physical therapy is a USD36 billion industry
Gridiron Capital, an investment firm focused on partnering with founders, entrepreneurs, and management teams, has closed Gridiron Capital Fund IV and its affiliated Funds at its hard cap of USD1.35 billion.
With a broad base of distinguished investors including pension funds, insurance companies, family offices, endowments, and foundations, Gridiron IV was significantly oversubscribed and is the largest flagship fund in the firm’s history.
“With the closing of Gridiron IV, we are grateful to our investors for their partnership and support. Despite navigating a unique and challenging year, we are excited to celebrate the closing of our largest flagship fund to
Eurazeo Capital has completed its investment in Questel alongside IK Investment Partners, Raise Investissement and the management team. The transaction involved the purchase of 100 per cent of Questel’s capital.
Questel is a major intellectual property solutions provider that operates worldwide and employs 900 people in 30 countries, developing SaaS products and an automated brand services and patent filing platform. The company works with close to 6,000 clients, including a number of large multinationals, offering end-to-end collaborative patent and brand management solutions across the innovation and intellectual property cycle, from invention through to filing and renewal.
Questel’s enterprise value
Behrman Capital, a private equity investment firm based in New York and San Francisco, has appointed Michael Rapport as Partner, effective 1 January, 2021.
In addition, Behrman Capital promoted Calvert Thomas to Principal and Kyle Grace to Vice President.
“Since joining our firm in 2011, Michael has been an important contributor to our investment program and to the operations of many of our portfolio companies,” says Grant G Behrman, Managing Partner of Behrman Capital. “Michael’s promotion recognises his valuable achievements to date and our confidence in the leadership he will provide in the future as a Partner.”
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