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Private investment firm GI Partners has acquired Valet Living, a full-service amenities provider to the multifamily housing industry.
GI Partners acquired Valet Living from a fund managed by the Private Equity Group of Ares Management Corporation and Harvest Partners, LP.
Valet Living pioneered the doorstep waste and recycling industry and has broadened its service offering to include turns, maintenance, pet solutions, fitness, and other app-enabled resident services. Founded in 1995 and based in Tampa, Florida, Valet Living has achieved double-digit organic growth every year since its inception and currently performs more than 415 million service events annually across 1.6
Growth Catalyst Partners (GCP), a Chicago and Connecticut based private equity firm focused on high growth middle market companies in the marketing, information, and tech-enabled services sectors, has closed it debut fund GCP Fund I at USD130 million.
GCP did not use a placement agent and secured commitments from a diversified set of institutional investors, family offices and over 25 senior executives from the target investment sectors.
GCP focuses on a buy and build strategy in high growth vertical market sectors to create middle market leading companies or “trophy assets.” GCP Fund I, which was launched in February of 2019,
Reckitt Benckiser’s venture arm RB Ventures has backed laundry and dry-cleaning startup Oxwash, which provides laundry services to the Oxford University coronavirus vaccine trial.
RB Ventures is partnering with early-stage start-ups who share its ‘fight for access’, with Oxwash being one of its first investments. Founded in 2017 by former NASA scientist Kyle Grant, Oxwash is using technology and methods that are aiming towards net zero carbon emissions.
The company has raised a total of GBP1.75 million in seed funding so far from RB, TrueSight Ventures, Biz Stone (co-founder of Twitter), Paul Forster (founder of Indeed.com), Founders Factory, Oxford Technology
YFM Equity Partners (YFM) has boosted its growing portfolio of high-growth technology businesses with an investment into marketing automation platform, Force24.
Force24 is a cloud-based marketing automation platform that allows an in-house marketing manager to deliver personalised marketing campaigns with Customer Relationship Management (CRM) integration. The platform is already trusted by a number of household brands including Michelin, Tarmac and BBC Children in Need, to deliver over 900 million marketing emails so far this year, and the business saw turnover leap by 40 per cent from 2018 to 2019, with revenues expected to reach over GBP3.5 million this year despite
Quantum Health, a consumer healthcare navigation and care coordination company, has secured a significant investment from Warburg Pincus, a global private equity firm focused on growth investing.
Great Hill Partners, which invested in Quantum Health in 2017 and is the company’s current majority shareholder, will retain a significant stake.
This investment will further accelerate Quantum Health’s investment in its technology platform and service delivery capabilities, as the company continues to provide high quality services to its growing customer base of self-insured employers.
“We look forward to partnering with Warburg Pincus, whose successful track record and experience in the healthcare and
European private equity firm PAI Partjers has acquired a majority stake in Euro Ethnic Foods (EEF), the company which owns and operates the grocery section of leading food retailer Grand Frais.
PAI will hold a 60 per cent stake in EEF with the company’s founders Léo & Patrick Bahadourian continuing to own the remaining 40 per cent of the business. Having helped to oversee the strong growth to date, the founders will remain closely involved in the strategy and the development of EEF.
Founded by the Bahadourian family, EEF operates primarily the grocery section of the Grand Frais stores (in
Novalis Biotech, an early stage venture capital investor in healthcare, technologies has held the first closing of its second fund, Novalis Biotech Acceleration, raising an initial EUR8 million.
With commitments for a similar amount already in place, Novalis anticipates a final closing in early 2021. The majority of investors in Novalis’ first fund have co-invested in this first closing.
“We have already doubled our first fund in this closing and with the commitments in place we are almost fully subscribed to reach our goal of EUR25 million. With the addition of a couple new investors, we remain on track to
NextStage AM, a specialist in growth equity in France, has held the first closing of its Relance-labelled NextStage Championnes III (Championnes III) fund, which will provide equity financing to innovative French SMEs established (particularly digital, environmental innovation, smart health).
At present, the fund’s programme already has an investment capacity of EUR60 million.
With Championnes III, NextStage AM rounds out its growth equity investment program for institutional investors, UHWN and family offices. The fund is looking at initial investment tickets of EUR4 million to EUR10 million in profitable companies currently achieving sales of EUR5 million to EUR50 million with strong
Ross Trustees, an independent professional trustee and pensions support services business, has secured investment from LDC, a mid-market private equity investor.
The investment provides a financial platform for the company’s future growth. Financial details of the investment are undisclosed.
Ross Trustees was founded in 2010 by Steven Ross and provides professional trustee and pensions support services, as well as pensions manager and secretariat services through its Ross Corporate Services division.
Ross Trustees has since grown to support more than 100 pension schemes, with asset values from GBP1 million to GBP6 billion. The business employs a team of 45
Gulf Capital, one of the largest and most active alternative asset managers in the GCC, has appointed Kaiser Jasrai as a Managing Director of Fundraising and Investor Relations.
He will lead fundraising and investor relations activities for Gulf Capital, expanding and strengthening its regional and global investors’ network and relationships.
Jasrai, who is a specialist capital raiser across the alternative asset classes, joins Gulf Capital from global placement firm Eaton Partners where he spent six years as Managing Director, covering Middle Eastern, European and global investors and where he was ranked as a top performing distribution professional in the
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