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Agilitas, a pan-European mid-market private equity firm, has appointed Michael Jennings as Chief Executive of its latest portfolio company, Hydro International.
Jennings became Chief Executive with effect from 1 September 2018, having been non-executive Chairman since Agilitas announced its investment in Hydro International in February 2018. Jennings was previously Chief Executive of Hydro International plc from July 2013 until its takeover by its previous owners in late 2016, having spent his career in industrial products, services and technology-led businesses in the automotive, electronics and pharmaceutical sectors.
Martin Calderbank, Managing Partner at Agilitas, says: “We are delighted that Michael has
ACORN OakNorth Holdings has secured USD100 million from the EDBI of Singapore, NIBC Bank, Clermont Group, GIC, and Coltrane Asset Management.
The USD100 million, which represents 4.3 per cent of the company, will be used to accelerate the growth of ACORN machine and enable OakNorth to continue scaling its lending efforts in the UK.
Since the start of 2018, OakNorth has doubled its loan book from USD1.1 billion to USD2.2 billion and expects to lend a further USD600 million this year. Its loans have directly helped with the creation of over 8,500 new homes and 8,000 new jobs in
Council Capital, a healthcare-focused private equity firm based in Nashville, has sold Adva-Net, the first investment by Council Capital III, to Paradigm Outcomes.
Terms of the transaction have not been disclosed.
Adva-Net, the nation’s leading ancillary network for high-acuity workers’ compensation claims for pain management, post-acute care and addiction recovery, has experienced exponential growth since its launch in 2012. Since Council Capital’s investment in 2015, Adva-Net has grown revenue annually by 166 per cent, landing a spot as the fastest growing Health Sector company on the Inc 5000 list in 2017 (and No13 Overall).
Council invested in Adva-Net
Fave, Southeast Asia’s fastest growing mobile O2O (online to offline) platform, has raised over USD20 million in a Series B round from strategic and existing investors including Sequoia India, SIG Asia Investment and Venturra Capital.
Over the last two years, Fave has evolved into Southeast Asia’s largest mobile loyalty and rewards platform, helping retail businesses reach out to millions of customers with special offers, bookings, and cashback solutions. Its FavePay product offers a cashless mobile payment experience and has proven to be very popular with customers due to its convenience and cashback reward.
Fave has already helped tens of
Holland & Knight has launched HK Deal Flow, a new program designed to facilitate deal leads by matching acquisition or capital raising opportunities with buyers and investors.
HK Deal Flow utilises the firm’s network of more than 1,300 lawyers and advisors to leverage their deep knowledge of markets and industries to find acquisition and investment opportunities. Over the past year, Holland & Knight informally conducted the deal flow program and based on the positive feedback, the firm is formalising the process to bring access to the program to a wider group.
A key differentiator of the program is
Walker Morris has advised Real Good Food plc on the sale of Haydens Bakery Limited to a subsidiary of Bakkavor Group plc for GBP12 million.
Real Good Food focuses on three main markets including: cake decoration (Renshaw and Rainbox Dust Colours), food ingredients (R W Scott and Brighter Foods) and premium bakery (Chantilly Patisserie). Haydens Bakery has been part of Real Good Food since the Group’s inception in 2003 and produces premium tarts, pies and crumbles, Danish pastries, sweet buns, yum yums and doughnuts and sells principally to major retail customers.
Specialist lawyers from the Walker Morris Food &
Pomona Capital, a global private equity firm specialising in secondaries investing, has held the final close of its ninth secondaries flagship fund, Pomona Capital IX. The fund was oversubscribed and capped at USD1.8 billion.
Limited partners in the Fund include pension funds, sovereign wealth funds, financial institutions, endowments, foundations, and family offices from nearly 20 countries. Strong support from existing investors was complemented by a significant number of new investors from across the globe.
Of Pomona’s recent achievement, Pomona Founder & CEO Michael Granoff, says: “Pomona Capital IX, like its eight predecessor funds, will execute a disciplined secondaries investing
Investment manager Neuberger Berman has appointed Alberto Salato to the newly created role of Head of Southern Europe, effective immediately.
Based in Milan, Salato (pictured), will oversee client coverage across Iberia and Italy, reporting to Dik van Lomwel, Head of EMEA and LatAm.
Salato joins from Blackrock Investment Management, where he was Managing Director and Head of Institutional for the Italian business for over a decade. Prior to that, he was with Franklin Templeton Investments, having begun his career with JP Morgan Private Banking in Milan.
Dik van Lomwel, Head of EMEA and LatAm, says: “Italy, Spain and
Clyde Blowers Capital (CBC) has completed the sale of precision motion control expert, Cone Drive, to The Timken Company.
Since acquiring Cone Drive in 2012, CBC has repositioned Cone Drive from an industrial gearing company, operating largely out of North America, to a leader in precision motion control technology with operations on three continents. The successful acquisition of H-Fang, based in Jiangyin, China, in 2014 represented a key milestone in achieving this geographic expansion of the business.
Under CBC’s ownership Cone Drive’s sales have increased by 50 per cent to over USD100m; their total employees have more than doubled
Clayton, Dubilier & Rice has appointed Micaela Bulich, former Vice President Global Supply Chain for GE Renewable Energy’s USD8 billion onshore wind business, as an Operating Advisor to CD&R funds.
Bulich has more than 30 years’ experience as a strategy and execution leader of supply chain organisations in large, global, complex businesses. Most recently, Bulich served as VP Global Supply Chain for GE Renewable Energy’s Onshore Wind business, where her responsibilities included supply chain strategy, sourcing and global procurement, planning, manufacturing, logistics, and environmental health and safety. Other roles at GE included VP Sourcing for GE Energy, Senior Executive, Quality
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