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Manchester-headquartered Ardenton Capital Corporation has invested in Birmingham-based Shaftec Automotive with funding support from PNC Business Credit UK.
Ardenton’s third investment in the West Midlands, Shaftec has been supplying remanufactured and new parts to the motor trade for more than 20 years, establishing itself as the leading transmission, steering and braking supplier to the UK aftermarket.
The business has a headcount of 130, operating from its 42,000 sq ft facility in Birmingham where it manufactures and distributes products across the UK and Europe.
Ardenton has been active in the West Midlands since the Canadian-headquartered investor established its first
Altus Capital Partners, an investment firm focussed on middle market manufacturing companies headquartered in the US, has sold International Imaging Materials (IIMAK) to ACON Investments, LLC.
Financial terms of the transaction have not been disclosed.
Altus Capital Partners acquired IIMAK in June 2012 alongside the senior management of IIMAK to support the Company’s growth and expansion efforts. Headquartered in Amherst, New York, with additional operations in Belgium, Brazil and Mexico, IIMAK is a leading developer and manufacturer of Thermal Transfer Ribbons, Direct Thermal Films and Fluid Inks used to print on-demand variable information such as bar codes, text and
The Spanish Venture Capital & Private Equity Association (ASCRI) and law firm Cuatrecasas have launched a handbook of ‘Good practice guidelines for investors and private equity entities in Spain’.
Miguel Zurita, ASCRI chair, says: “In the sector’s current process of expansion and incorporation of new investors, we thought it would be useful to prepare this handbook of good practices, with the immediate goal of facilitating dialogue between fund managers and investors. We are an industry with the combination of all our parties’ interests at our core, and this document is intended to provide guidelines so they can organise their relationships constructively
eHealth Ventures, a digital health technological incubator in Israel, has acquired its 8th portfolio company – Engineering for All (EfA), managed by Yoel Ezra, an elite IDF technology unit veteran with many years of R&D management experience. eHealth Ventures has invested USD900,000 in the company’s seed financing round.
EfA is developing RevDx – a revolutionary Digital Diagnostic programable lab-on-hand system that can enable fully automated, on-the-spot gold standard microscopy diagnostics and real-time disease mapping, through an affordable handheld real-time digital, multichannel solution. This includes full CBC and parasitology capabilities, diagnosis of infectious diseases and precise and affordable test-treat-track treatment – all
Ironwood Capital has appointed Maryam Jalal as an analyst. Jalal is responsible for reviewing new investment opportunities, conducting research and performing financial modelling and due diligence. In addition, Maryam provides support for business development activities and portfolio management.
Jalal has an undergraduate degree in Accounting and Finance from the Lahore University of Management Sciences (LUMS) in Pakistan and a Master’s in Management from Duke University’s Fuqua School of Business. Prior to joining Ironwood, Maryam worked as a financial analyst for Terakeet, a search engine optimisation firm. Previously she worked as a business intelligence analyst for Mobilink GSM, a multinational telecommunications company
Nautic Partners has sold portfolio company Endries International and related affiliates to MSD Partners.
Endries is a distributor of fasteners and Class-C parts serving industrial Original Equipment Manufacturers (OEMs) worldwide, providing over 500,000 SKUs to its customer base.
Endries operates primarily through a vendor managed inventory model, managing C-part categories for its customers across diverse industrial end markets. Endries partners with OEM customers through robust replenishment systems that provide products and support services which are critical to maintaining the manufacturing process.
Chris Pierce, Managing Director of Nautic, says: “The Endries management team is truly world-class. We thank Steve
QDOOZ, a life skills improvement platform, has launched a month-long crowdfunding campaign on Crowdcube to raise a minimum of GBP500,000. QDOOZ will cap the Crowdcube raise to a maximum of GBP1,550,000.
This campaign comes after a successful earlier round of funding which raised GBP3 million from 50 private investors.
QDOOZ is a digital platform which is addressing the distinct gap in personal life skills education and training. With proprietary intellectual property (IP) and a clever, comprehensively researched business plan and a clear monetisation strategy, QDOOZ will launch in Q2 2019 to more than three million identified potential users. It will be free
A consortium led by Polaris and Acathia, comprising Sampension and Unigestion, among others, has acquired Danica Pension Försäkringsaktiebolag (Danica Pension Sverige) for a total consideration of approximately SEK2.6 billion, corresponding to approximately DKK1.9 billion (approximately EUR255 million).
Danica Pension Sverige was established in 1999, has around 60 employees and is the sixth largest life insurance company in Sweden with 150,000 retail customers and 15,000 corporate customers.
“We see attractive opportunities in the Swedish pension market and are convinced that Danica Pension Sverige is the company best positioned to benefit from these opportunities and continue its impressive growth and development
Crowdfunding platform FundedByMe is to open a new office in the Netherlands headed by new partner Mikael Royson.
“The Netherlands is just right for us, perfectly in line with our growth strategy,” says Kristin Svärd, Head of International Growth at FundedByMe. “The market has a high potential and we’re confident that our local partner, Mikael, will make the best of this opportunity for FundedByMe. We’re very happy to offer our current members the possibility to keep up with the Dutch startups and at the same time create opportunities for both Dutch entrepreneurs and investors. The Dutch startup scene has been
The Riverside Company is to sell DPA Microphones (DPA), an Allerød, Denmark-based developer and manufacturer of high-end microphones, to RCF Group (RCF).
DPA’s products are trusted by demanding professional users across the world for use in theatre, broadcast, live and studio applications. Notable users include Stevie Wonder, Katy Perry, Metallica, Coldplay, Paul McCartney and Céline Dion — broadcasters such as BBC, as well as hit Broadway shows like Les Misérables and Phantom of the Opera.
During Riverside’s investment, DPA’s sales and EBITDA nearly doubled while its product portfolio and distribution network grew significantly. DPA cemented its clear leadership position
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