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Align Capital Partners’ (ACP) portfolio company Pleatco Filtration (Pleatco), the market leading manufacturer of aftermarket cartridge filters for the industrial air and pool/spa industries, has acquired TVS Filters (TVS).
TVS designs and manufactures pleated filter cartridges, gas turbine inlet filters, and other filtration products for complex industrial air filtration applications.
“TVS has experienced tremendous growth due to our commitment to delivering high quality products with industry best lead times and high levels of customer service,” says Part Willings, President of TVS. “Pleatco Filtration’s manufacturing capabilities and deep engineering and marketing expertise are the perfect complement to our business and will
Companies ranked in the bottom 50 per cent of ESG performance are significantly more likely to attract activists’ attention, according to the findings of Alvarez & Marsal’s (A&M) latest analysis and predictor of shareholder activism in Europe, the A&M Activist Alert (AAA).
The study also predicts that the wave of activism across Continental Europe will continue to increase in 2020 as activists adapt their tactics to different markets and sectors, with tech companies a key growing target sector for activist shareholders. The UK however remains the largest market for activists and is home to 54 of the 158 European companies
Czech investment company Jet Investment has concluded a contract to sell its 100 per cent stake in MSV Metal Studenka to Moravia Steel. Terms of the agreement have not been disclosed.
“The selling of MSV Metal Studenka to a strategic partner is a successful outcome of our restructuring efforts that we have been making for the last seven years. In the course of our management, the insolvent company has become a clear market leader in the forgings and subassembly for railways in Europe. Since our entry, we have doubled the profits and revenues of the entire group,” says Marek Malík,
Dr Martin Bünning has joined global law firm Reed Smith firm as a partner in its Global Corporate Group where he will work alongside the international tax group advising on national and international transactions.
Joining from Ashurst, the tax lawyer and Steuerberater (tax adviser) with more than 20 years’ experience, is recognised among the industry for advising investors in real estate, alternative investments and funds, in addition to supporting clients on private equity, venture capital matters and cross-border M&A transactions. He also has considerable experience counselling clients on tax issues regarding securitisations, VAT and withholding taxes.
Bünning, who will
Washington DC-based private equity firm,Arlington Capital Partners (Arlington Capital) has acquired Firth Rixson Forgings Limited from Arconic.
Going forward, the business will operate as part of Forged Solutions Group (FSG), which was formed in November 2019 by Arlington Capital as its aerospace forging platform. Located in Sheffield, United Kingdom, the Company is a provider of complex closed die forgings and forged discs and proprietary forward-and-backward extrusion produced shafts and cylinders primarily for OEM and Tier 1 aerospace & defence engine customers.
Peter Manos, a Managing Partner at Arlington Capital, says: “The Company is a perfect complement to our recent acquisition
Impax Asset Management (Impax), the specialist asset manager investing in the transition to a more sustainable global economy, has appointed Chris Dodwell to the newly created role of Head of Policy & Advocacy.
Dodwell is a climate change and environmental policy expert with over 25 years’ public and private sector experience. Throughout his career he has specialised in the financing and delivery of climate action in the UK and overseas.
Dodwell joins Impax from Ricardo where he was Director of Climate Change, Clean Growth and Strategic Partnerships, and responsible for overseeing key projects in these areas as well as
The Midlands Engine Investment Fund (MEIF) Debt Finance, managed by Maven Capital Partners (Maven), has provided Black Country based Vacuum Furnace Engineering Ltd (VFE), with a GBP1.5 million funding package.
This will enable the business to increase output, fund several large projects and pursue its growth strategy.
VFE is a leading specialist in the service, repair and overhaul, as well as supply and design of vacuum furnaces and autoclave and serves a range of blue-chip customers from various sectors including aerospace, automotive, medical and general engineering. Vacuum furnaces are used to heat treat metals and ceramics at high temperatures
Fully realised buyout funds, regardless of their size, show a consistent picture – the longer the exposure, the lower the multiple achieved.
That’s according to the latest data released by eFront, a financial software and solutions provider dedicated to alternative investments.
For US small and mid-market buyout funds, those with the minimum time-to-liquidity see returns of 2.64x (TVPI), while those with the longest holds return just 1.3x. For large and mega-buyout funds the figures are 1.95x and 1.35x respectively.
The pattern is very similar for European buyout funds. Small and mid-market vehicles with the shortest time-to-liquidity return 2.36x, while those
Alantra, an independent global mid-market investment banking and asset management firm, has advised international technology group RUAG on the sale of its UK cybersecurity software business Clearswift, to US-based HelpSystems. The value of the transaction has not been disclosed.
Alantra’s UK and Swiss offices worked in collaboration on the deal advising Swiss-based RUAG which Alantra has had an existing relationship with for over a decade. The cross-border nature of the sale to a US trade buyer demonstrates the strength of Alantra’s international reach and its specialist expertise in the cybersecurity sub-sector. Cybersecurity M&A activity levels remain high and Clearswift has
ARQIS has advised Aon Group (Aon) on the acquisition of TRIUM Insurance Broker and its subsidiaries (TRIUM), an insurance broker specialising in risk management in the real estate sector. The transaction is subject to customary closing conditions.
The parties have agreed not to disclose the purchase price.
The merger will enable Aon to expand its market position in the fast-growing real estate sector. Kai-Frank Büchter, CEO of the primary insurance broker at Aon in Germany, says: “The merger means new competencies for both sides: On the one hand there is an agile, owner-managed specialty broker and on the other
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