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Sixpoint Partners has announced the successful closing of Incline Elevate Fund with USD314.5 million of total capital commitments. The Fund, which is the fifth investment vehicle and first fund extension vehicle for Incline Equity Partners (Incline), easily surpassed its initial hard cap of USD300 million after only two months of marketing.
Elevate will leverage the firm’s established investment strategy, process and culture to source and execute investments exclusively in the lower middle market, where Incline has a strong track record of success but had outgrown in its flagship fund that seeks to make similar investments in larger companies.
“Renewing
Chicago-based private equity firm CORE Industrial Partners’ (CORE) portfolio company Prototek has acquired Cal-X, a provider of precision machining and sheet metal fabrication rapid prototyping services.
Financial terms of the transaction have not been disclosed.
Headquartered in Wisconsin, Cal-X offers rapid prototyping and short-run production services through its wide breadth of in-house capabilities. Founded in 2002, Cal-X serves a blue-chip customer base across a broad mix of end markets, including medical, robotics & electronics, aerospace, and transportation. The Company’s key capabilities include CNC milling & turning, laser & waterjet cutting, and painting & silk screening.
Bill Gress, Chief
Signavio, a provider of business transformation solutions, has announced a USD177 million investment to fuel continued international expansion and further investment in its world-class software suite.
The transaction was led by Apax Digital, the growth equity team of Apax Partners, with participation from DTCP. Existing investor Summit Partners will retain an equity stake in the business.
Signavio’s Business Transformation Suite enables its over 1,300 customers to effectively mine, model, monitor, manage and maintain their business processes. Its intelligent decision-making tools address digital transformation, operational excellence and customer centricity, helping place process at the very heart of organisations. Signavio has grown its
Frontier Development Capital (FDC), an established fund manager operating debt funds in England, has relocated its Birmingham headquarters.
The firm has moved its operations and 25 staff from Baskerville House to a 5,246 sq ft office on 45 Church Street in the heart of the city’s business district.
FDC provides access to investments of up to GBP10million, deploying flexible capital to mid-market businesses across England. After making five new staff appointments in the last 12 months, the relocation will provide the firm with the space it needs to continue its expansion.
The move follows several high-profile deals such
vasopharm, a private biopharmaceutical company developing a new treatment for traumatic brain injury (TBI), has completed a EUR9.5 million financing co-led by HeidelbergCapital Private Equity and EF Investments.
Existing investors Bayern Kapital, Future Capital, clients of Hanseatic Asset Management and Ringtons Holdings also participated in the round. In addition, vasopharm welcomed Creathor Ventures as new investor and Christian Leikert, Partner at Creathor Ventures, joins vasopharm’s board of directors.
vasopharm’s lead product, Ronopterin (VAS203), is in Phase III development for the treatment of moderately to severely injured closed head TBI patients. TBI is the leading cause of death and disability
Private equity firm Permira is to acquire a majority stake in sustainable fashion brand Reformation. As part of the transaction, Yael Aflalo will remain Chief Executive Officer and a significant owner of the company, and Hali Borenstein will remain as President.
Headquartered in Los Angeles and founded in 2009, Reformation designs and manufactures limited edition collections using sustainable methods and materials. The company puts sustainability at the core of everything it does, making effortless silhouettes that celebrate the feminine figure while catering to consumers who want to minimise their ecological footprint. From running a sustainable factory in Los Angeles to
Wren Sterling has acquired TD Armstrong Financial Planning Limited (T D Armstrong), a Dunfermline-based independent financial planning business.
The deal will secure around GBP116 million of assets under advice, taking Wren Sterling’s total assets under advice to GBP3.3 billion.
Wren Sterling has over 100 advisers based in eight regional offices across the UK. The firm specialises in all aspects of savings, investments and retirement planning, and offers pensions and benefits advice to corporate clients.
Wren Sterling was backed by Palatine Private Equity in April 2015. This is the third bolt-on acquisition Palatine has supported following the acquisitions of
Audax Private Equity (Audax) has entered into a definitive agreement to acquire Aspen Surgical (Aspen) a business unit comprised of certain surgical consumable products, from Hillrom.
The business is a leading manufacturer of branded and private label single-use surgical products including scalpels, blades, wound care, fluid control, and other patient safety surgical products, founded in 1999 and headquartered in Caledonia, MI. The Company operates two facilities with approximately 500 employees in Caledonia, MI and Las Piedras, Puerto Rico.
Young Lee, Managing Director, Audax Group, says: “We have acquired a set of products and brands that we believe are best in
TrustArc, a provider of privacy management solutions, has received a USD70 million Series D growth investment led by private equity firm, Bregal Sagemount.
Existing investors Accel Partners, Baseline Ventures, DAG Ventures, Icon Ventures and Industry Ventures will continue to retain significant stakes in the business.
“We are very excited to bring on Sagemount as a strategic and financial partner. Given their prior success investing in market-leading, high-growth technology companies, we believe they are the right partner for the next phase of our growth,” says Chris Babel, CEO of TrustArc. “We have been building on our two decades of privacy leadership
SouthStar Urgent Care, a provider of urgent care services and clinics in Louisiana and portfolio company of Shore Capital Partners (Shore Capital), a lower middle market healthcare private equity firm, has appointed Laura Miller as President and Chief Operating Officer of the Company.
This leadership change, supported by the SouthStar Urgent Care Board of Directors, took effect in spring of 2019. Former Chief Executive Officer Clayt Hulin will continue to support SouthStar Urgent Care’s mission as an Executive Advisor.
Miller joined the SouthStar team in November 2018 as Chief Operating Officer. Miller brings more than 20 years of executive
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