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GALA Kerzen, a leading manufacturer of candles backed by Equistone Partners Europe has made its third bolt-on transaction since February with the acquisition of Korona Candles (Korona).
Based in Poland, Korona is one of the world’s leading manufacturers of “private label” candle products. With the acquisition of Korona, GALA Kerzen is further expanding its product range, growing its international presence, and establishing itself as a leading global candle manufacturer following the recent additions of Indian company Ramesh Flowers and Berlin-based JewelCandle to the group. GALA Kerzen has acquired its shareholding in Korona from the company’s management, who will in turn
Gainline Capital Partners (Gainline), a private equity firm that invests in US based middle market companies, has made an investment in Integrated Energy Services Corporation (iES).
Terms of the deal have not been disclosed.
iES is a leading provider of grid relationship management software and demand response services to commercial electricity customers. This transaction marks Gainline Capital Partners’ second platform investment in its inaugural fund.
iES Founder and CEO Brock Nigg, says: “We are excited to partner with Gainline as we execute on our strategic vision and enter the next phase of growth at iES. Gainline’s investment and support
Secure Trust Bank Commercial Finance has appointed Matt Alis as Regional Sales Director as the firm looks to build on its performance in the South East and London.
The asset-based lender announced last month that it had lent GBP34 million to SMEs in the South of England in 2017, with total lending balances more than doubling nationwide.
Alis joins from Bibby Financial Services, where he spent more than three years. In his role at Secure Trust Bank Commercial Finance, he will be focussing on further developing the STB brand across a wide range of intermediaries, and will be responsible
Jersey Finance’s two London conferences attracted record numbers of attendees with the far-reaching capabilities of Artificial Intelligence (AI), the increasing threat to cyber security and confidentiality, and how political instability is driving business to safe harbours among the major themes.
The two events were designed to showcase Jersey’s strengths as an international finance centre, while bringing together to the stage leading figures from the private equity, real estate, private wealth and investment world.
Keynote speaker, Professor Nicholas Bostrom, Director, Future of Humanity Institute, University of Oxford, delivered a presentation on both days exploring the strides taken in less than
By George Ralph, RFA – A global cybersecurity company recently commissioned the Ponemon Institute to conduct a survey to inform a study on cybersecurity global megatrends in 2018. The results, while not surprising, are incredibly interesting and echo the messages that RFA has been giving to my clients for the past three years.
The report outlines the issues that respondents believe will become megatrends in the coming year and start with the belief that unsecured IoT devices are very likely to be the cause of a data breach. The rate at which new technology is entering into the mainstream, and
Victory Park Capital (VPC) has made a USD45 million investment in Miami Gardens-based United Automobile Holdings (United Auto).
Founded in 1989, United Auto is a leading provider of non-standard auto insurance products in the United States, with a primary focus on serving various Florida and Texas markets. The company’s unique suite of capabilities come from its two operating subsidiaries, namely United Automobile Insurance Company (UAIC), a regulated property and casualty insurance carrier focused on the non-standard automobile market, and United Group Underwriters (UGU), a managing general agency specialising in sourcing and underwriting non-standard auto insurance policies. The company’s products are
Turnspire Capital Partners has appointed Simon Jones as an Operating Partner. He will lead and expand the new Turnspire Executive Operator Network.
Jones is an experienced leader and operations professional with an engineering background and wide international experience as a Chairman, Chief Executive Officer, Chief Technology Officer and Managing Director. Simon is currently Executive Chairman of One Discovery, Inc, and was previously Chairman and CEO of 3SI Security Systems. He delivers actionable strategic advice at the highest level of corporations and is experienced in private investments.
Jones and the rest of the Turnspire team will work to grow our community of executives possessing strong leadership
Tikehau Capital has launched the new EUR212 million Tikehau NOVO 2018 Fund managed by asset management subsidiary Tikehau IM.
The Tikehau NOVO 2018 Fund has been structured as a French mutual securitisation fund (FCT) qualifying for treatment as a “debt fund” that directly finances the French economy (Fonds de Prêt à l’Economie). The investment strategy will be similar to that of the NOVO 2 Fund, which has now been invested in full.
Caisse des Dépôts et Consignations (CDC), eight insurance companies, a pension fund and a foundation all helped to structure and finance this new fund.
All sums
Private equity firm Thoma Bravo has completed fundraising for Thoma Bravo Discover Fund II. The fund closed at its hard cap with a total of USD2.4 billion in commitments, and, like its predecessor, Thoma Bravo Discover Fund, will focus on middle market software investments.
The oversubscribed fund received strong support from a diverse range of Thoma Bravo’s existing institutional investors, including sovereign wealth funds, public pension funds, multinational corporations, insurance companies, fund-of-funds, endowments, foundations and family offices.
Discover II will be deployed utilising Thoma Bravo’s buy-and-build investment strategy, and will target investments in application, infrastructure and security software and
Italmatch Chemicals is to acquire Afton Chemical’s metalworking fluid business (formerly Polartech).
The deal includes the acquisition of the entire business and assets relating to metalworking fluid carried out in Bedford Park (Illinois, USA) and Manchester (UK, Europe) sites, the know-how, technology and business in India and China, with production carried out from Hyderabad plant and in China.
Sergio Iorio, CEO of Italmatch Chemicals Group, says: “This acquisition represents for Italmatch Chemicals a significant step forward in the strategy of expanding its market position in the industrial lubricants market. The agreement strategically follows the recent acquisition of Elco Corporation
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