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RSK, a UK-based environmental, engineering and technical services consultancy, has acquired the business, operating assets and employees engaged in the business of RAW Technology Ltd. The acquisition is RSK’s fourth of this financial year.
RAW, a leading specialist in inland oil spill response and remediation, operates worldwide from 16 offices in the UK and Ireland. Its clients include insurance companies NFU Mutual, Legal & General, RSA, Aviva, AXA, Direct Line and LV=, Speedy Hire and National Trust. In 2016, RAW won a RoSPA Gold Award. In addition, UKSpill named RAW its domestic responder of the year in 2016 and 2017.
Private equity funds managed by Angelo, Gordon & Co have completed the sale of Crunch Fitness (Crunch) to TPG Growth, a middle market and growth equity platform of alternative asset firm TPG. Terms of the transaction have not been disclosed.
Crunch is a health and fitness company that owns, operates, and franchises fitness centres serving over 1.3 million members across the United States, Australia, Canada, and Spain. Founded in 1989 in New York City, the Company has been committed to providing members with high quality training and service in convenient locations and at an affordable price for more than 30
Jersey Finance has appointed Philip A Pirecki as its business development lead in the US, ahead of the opening of a new representative office in New York later this year.
In his new role, Pirecki will take on responsibility for enhancing Jersey’s visibility in the US as an international finance centre, focusing in particular on promoting Jersey as a gateway to Europe for US fund managers.
With over 20 years of professional experience spanning investment banking, investment management, consulting, auditing and accounting, Pirecki has a track record of growing and leading businesses in the Caribbean, US and Europe. He has
During the first half of 2019 YFM Equity Partners (YFM) completed GBP230 million of deals and raised GBP100 million of new funds, a sharp increase on 2018.
YFM says that the results demonstrate that the UK’s smaller businesses are continuing to innovate and invest for growth, despite the ongoing backdrop of continued political uncertainty on both domestic and international levels. The company believes this market could have performed better, but given the on-going activities in Westminster, the performance levels are understandable.
David Hall, Managing Director at YFMm says: “Overall returns, both realised and unrealised have remained steady. There’s been a
There is evidence that the previously sacrosanct 8 per cent hurdle rate may be under challenge, according to the latest edition of MJ Hudson’s Private Equity Fund Terms Research, with 23 per cent of funds this year having (at least initially) dropped the hurdle altogether, an increase on the numbers seen in our 2018 (12 per cent) and 2017 (15 per cent) surveys.
The 8 per cent hurdle is far from dead, however as it remains the most common rate, with 60 per cent of all funds – and 86 per cent of buyout funds – surveyed this year needing
Machine Labs, has secured GBP800,000 in equity funding from Techstart Ventures, the founders, angels investors, plus additional grant funding from Scottish Enterprise.
The seed funding will be used to recruit a team of eight based in offices opposite Edinburgh Castle.
Andrew Veitch, Founder and CEO of Machine Labs, says: “For most of us database marketing is spam or junk mail. Machine Labs want to use machine learning to make marketing messages relevant, so consumers get the right offers at the right time instead of being irritated by marketing they are not interested in.”
Dr Thomas Gambino, Machine Lab’s Data Scientist,
Ingenious has led an investment round into Over-C Limited, a London-based analytics company focused on operational performance in the workforce management market. Ingenious helped raise an additional GBP5.5 million in equity funding, bringing the total raised to GBP10 million.
Over-C’s software uses artificial intelligence, data and analytics to provide industry professionals with key insights for time-critical decision making. Over-C drives behaviours that allow companies to rethink their business and operating models, better quantify risk, uncover new opportunities, reduce losses, and boost profits. The firm currently operates across the UK, Ireland and The Netherlands providing solutions for many industry sectors ranging
HDR is expanding its multidisciplinary building engineering services by acquiring Hurley Palmer Flatt Group, headquartered in London.
Going forward, the UK firm will do business as HDR | Hurley Palmer Flatt Group.
The acquired entity comprises all subsidiaries, which will also do business as HDR | Hurley Palmer Flatt; HDR | Andrew Reid; HDR | Bradbrook Consulting; and HDR | Concentre Consulting.
HPF Group is the United Kingdom’s leading independent engineering consultancy, providing solutions for the built environment. Services include mechanical, electrical and plumbing; civil and structural engineering; and commissioning management, with particular expertise in institutional, high-rise multi-use, financial and
European mid-market private equity investor Equistone Partners Europe (Equistone) is in exclusive negotiations with Naxicap Partners for the acquisition of Sateco, a specialist in the manufacturing and distribution of metal formwork equipment for concrete forming and safety platforms on construction sites.
Founded in 1953 and specialising in the sale of formworks, Sateco has successfully diversified a clientele historically composed of local SMEs to include mid-sized businesses nationally and large construction companies. With 235 employees and a turnover of EUR68 million in 2018, Sateco’s offering also includes the sale of second-hand equipment, equipment rental and maintenance and user training.
Arnaud
CloudScale Capital Partners has appointed industry veteran and former CTO of British Telecom (BT), Williams Communications and Huawei, Matt Bross as a Partner.
“We are excited to welcome Matt to our team,” says Stephen Diamond, managing partner of CloudScale Capital Partners. “He brings a wealth of experience working with startups, mentoring entrepreneurs, driving innovation and helping to build great tech leaders worldwide.”
Bross joins a veteran team of technology investors at CloudScale that includes Dr Hossein Eslambolshi, long-time former Global Chief Technology Officer of AT&T and Bell Labs, Michael Howard, Co-founder of Infonetics Research, Stephen Diamond, former General Partner with
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