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Mid-market private equity investor LDC has completed the sale of procurement specialist Inprova Group Limited (Inprova) in two separate deals.
In December 2018, AIM-listed Inspired Energy plc acquired Inprova’s energy division, with the existing management team acquiring the non-energy procurement business upon completion.
Headquartered in Warrington, Inprova delivers procurement services for private and public sector organisations across the UK. The business offers outsourcing, technology and consultancy services, providing its clients with a complete procurement solutions package.
LDC first backed the business in March 2014 to help fuel its ambitious growth strategy. Over the past four years the team has worked closely with CEO Paul Kennedy and
An affiliate of private equity investment firm HIG Capital (HIG) has acquired Lipari Foods from Sterling Investment Partners (Sterling), and certain other selling shareholders.
HIG is partnering with the Lipari family and the current management team to grow the company’s distribution and manufacturing platform. Terms of the transaction have not been disclosed.
Founded in 1963 and headquartered in Warren, Michigan, Lipari is a leading distributor of perimeter-of-the-store, specialty, and branded food products, proudly serving over 6,300 customers throughout the Midwest and beyond. The Company’s products span the deli, bakery, dairy, specialty retail, seafood, packaging, confections, ethnic, and organic categories,
IZI Medical Products (IZI), an interventional radiology medical device company and portfolio company of Shore Capital Partners (Shore), has acquired select soft tissue biopsy and breast localisation needle assets from Cook Medical (Cook).
The acquired portfolio of products is commercially marketed under the highly regarded Quick-Core Biopsy Needle, MReye Breast Localization Coil, and the Kopans and X-Reidy Lesion Localization Needles.
“This represents IZI’s third add-on acquisition in the last 18 months and significantly adds to our world-class portfolio of minimally invasive diagnostic and therapeutic products for the interventional radiology market,” says Greg Groenke, Chief Executive Officer, IZI Medical.
Thanks to continued product innovation, there are now numerous structures for investors to consider when investing in private equity but determining the best structure should be a secondary consideration.
Speaking on a recent webinar hosted by Private Equity Wire – Cracking the next generation of liquid alternatives – Private Equity – were three managers which represent a variety of ways for investors to gain exposure to the private equity markets.
Eric Bundonis, Portfolio Manager of a registered interval fund at Artivest, said that in principal investors should be structure-agnostic. Of greater importance, he said, was for them to focus on their time horizon,
Allison Winchester has joined RedRidge Diligence Services as an Associate Director. Located in Chicago, she will oversee the scoping, budgeting and scheduling of the lender diligence field exams both domestically and abroad.
Winchester will also help maintain RedRidge’s strong reputation for high-quality deliverables by assisting in the review process as well as coordinating internally the lender diligence portfolio.
Prior to joining RedRidge, over an 11-year period Winchester served in various roles within the credit department at MB Financial Bank, receiving formal credit training through MB’s Leadership Development Program. During the financial crisis in the late 2000s, Winchester honed her credit
Neuberger Berman, a private, independent, employee-owned investment manager, has appointed Jennifer Signori to the Principles for Responsible Investment’s (PRI) Private Equity Advisory Committee.
The PRI is the world’s leading proponent of responsible and sustainable investments.
The PRI aims to support the adoption of ESG integration in investment strategies across the globe by providing research-driven and action-oriented tools, data, and events to its global signatories. In her capacity on the Private Equity Advisory Committee, Ms. Signori will strive to deliver upon the PRI’s goals to investment managers involved in the private markets by leveraging her extensive experience in both ESG
Investec Corporate and Investment Banking (Investec) has appointed Ben Bourne, Michael Donnelly and Salvatore Caruso as it strengthens its equity research team.
Bourne has joined Investec to head the capital goods research team. He has 15 years’ experience as an equity research analyst and joins from Liberum, where he led the UK capital goods equity research team from 2010. His research coverage encompassed aerospace and defence, industrial engineering, electrical equipment, support services and the tech hardware sector. Prior to this, he was the industrials analyst at Oriel Securities.
Bourne says: “I’m excited to be joining Investec – the team
New York-based private investment firm Greenbriar Equity Group has become an equity partner in STS Aviation Group.
STS provides a range of solutions to the global aviation industry, including component sales and distribution, workforce management, engineering services, line maintenance, and aircraft repair and modifications. The company is well-known for its breadth of capabilities and customer-centric approach to helping airlines and aircraft operators meet their critical operational and people requirements worldwide.
Noah Roy, Managing Partner at Greenbriar, says: “No company in the global aviation supply chain provides more essential solutions than STS. Customers trust STS to meet their most urgent
Churchill Asset Management (Churchill), a majority-owned affiliate of Nuveen focussed on originating, underwriting and managing middle market senior loan investments, surpassed its previous records for investment activity and capital raising in 2018.
During the year, the firm closed and/or committed to USD2.6 billion in new investments, an increase of over 37 per cent from 2017. The firm also raised USD2.4 billion of new committed capital, bringing total committed capital under management to USD6 billion across multiple investment vehicles.
“Churchill has maintained a consistent strategy since our inception, providing senior secured loans to private equity-backed middle market companies, and we
Seyfarth Shaw has added partner Steven R Paradise to the Litigation department in New York. Paradise joins from Richards Kibbe & Orbe LLP, where he was a partner in the firm’s Litigation group in New York.
For more than 25 years, Paradise’s practice has focussed on representing clients in an extensive array of significant commercial and securities litigation. He has advised accounting firms and issuers in accounting-related litigation and enforcement matters and represented parties involved in Ponzi schemes and other financial frauds. In addition, Paradise has counselled businesses and individuals facing investigations and enforcement proceedings from the SEC, FINRA and
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