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Gen Cap America has sponsored a buyout of CoreMedical Group (CoreMed) in partnership with management. Terms of the transaction have not been disclosed.
CoreMed, based in Manchester, New Hampshire, is a leading healthcare staffing and recruiting agency specialising in travel and permanent placement for nurses, allied health professionals and physicians. With more than 25 years of experience, CoreMed recruits medical professionals and provides staffing solutions to hospitals and healthcare providers in all 50 states.
Chris Godwin, Managing Director at Gen Cap America, says: “We are excited to have the opportunity to invest in CoreMed alongside the management team. CoreMed
Mid-market private equity investor Equistone Partners Europe Limited (Equistone) has held the final closing of Equistone Partners Europe Fund VI (EPEF VI) at its hard cap with total capital commitments of EUR2.8 billion.
Equistone completed the fundraising within four months of its launch in early November 2017. The Equistone team will also make a commitment to EPEF VI alongside the institutional investors.
Consistent with Equistone’s established strategy, EPEF VI will invest in European buyouts valued between EUR50 million and EUR500 million, targeting well-positioned businesses in Western Europe with high-calibre management teams and strong growth potential. The fund attracted
Ocorian, an independent provider of corporate and fiduciary services, has appointed Alan Booth as Managing Director of its UK business.
Booth (pictured), was previously Global Head of Product Management within Deutsche Bank’s Corporate Services Division, and will play a key role in driving Ocorian’s enhanced corporate services offering.
Booth’s in-depth knowledge of the global regulatory and legal environment – gained through 12 years’ experience in structured finance, private equity and real estate structuring – will prove central to the shaping and management of Ocorian’s growing corporate services business.
Ocorian has grown considerably over the last two years, with
UK FinTech Delio, a specialist in digital private market services and solutions, has launched DelioConnect, a new connected network of discrete and own-branded private investment communities, which enables members to expand their distribution capability and their deal flow.
This latest product offering allows members to find trusted partners they wish to engage, connect and communicate with to find new sources of capital or to find exciting investment opportunities that are in line with their preferences.
Members can use DelioConnect to access a catalogue of vetted network participants, allowing them to confidentially connect under their own terms. Supporting documentation can
Davis Polk has appointed Michael S Hong as a partner in the firm’s Investment Management Group in New York, focusing on private equity fund formation.
Hong comes to Davis Polk from Paul, Weiss, Rifkind, Wharton & Garrison LLP, where he was a partner in their Private Funds Group. He advises sophisticated private fund managers across all asset classes in their most complex, high-value transactions, including fund formation and ongoing investment-related advice. Hong also has extensive experience with sales, purchases and joint ventures involving alternative asset managers.
“We welcome Michael to our distinguished Investment Management Group,” says Thomas J Reid,
Norwest Equity Partners (NEP) has completed the sale of Gopher Resource (Gopher) to Energy Capital Partners, a private equity firm focused on investing in North America’s energy infrastructure.
The transaction, initially announced on 30 January, 2018, officially closed on 6 March 2018. Financial terms have not been disclosed.
Founded in 1946 in Eagan, MN, Gopher Resource is a leader in its industry, using advanced technology processes to recycle spent automotive, industrial, and stationary batteries in a safe and sustainable manner. Gopher turns batteries into quality materials that manufacturers can use for new batteries and other products, keeping potentially hazardous
Private equity firm Gridiron Capital (Gridiron Capital) has sold Engage2Excel (E2E), a provider of employee recognition, sales incentives, talent acquisition and consumer loyalty solutions and services.
Headquartered in Statesville, North Carolina, E2E’s solutions focus on attracting, retaining, and engaging both employees and customers to increase productivity and profitability. E2E maintains relationships across a diversified client base ranging from Fortune 100 companies to small and medium-sized businesses.
Gridiron Capital originally invested in E2E in 2010 and built on E2E’s employee engagement product portfolio. Under Gridiron Capital’s stewardship, E2E completed transformative add-on acquisitions, augmented its management team and sales force, introduced
New research released by CEPRES shows how the growth in so-called ‘dry powder’ is driving up EBITDA pricing multiples for US and European Buyouts. ‘Dry powder’ is a measure of how much capital remains committed by investors, but un-deployed in the market.
Following multiple years of increased fundraising, especially in the US, the amount of capital available to invest in buyouts and venture capital is at unprecedented levels.
The research was based on CEPRES award winning PE.Analyzer analytical platform. Now in its 4th generation it encompasses analysis of USD16 trillion of PE-backed companies across 4,199 private capital funds. The analysis
The Greater Manchester Combined Authority has launched a new loan fund to promote the production and distribution of energy derived from renewable resources in the region.
The GBP15 million Greater Manchester Low Carbon Fund has been allocated from the 2014-2020 European Regional Development Fund and has a lifespan of 15 years.
Managed by GVA, the fund is aimed at property developers and infrastructure providers to encourage the use of renewable energy in development schemes. It will be used to fund projects that would not attract traditionally commercial finance due to the relatively new technology involved, or projects that would
Astorg has completed the acquisition of Cathay Capital’s and OrbiMed’s respective stakes in Echosens, a specialised diagnosis company focused on non-invasive products and associated services dedicated to the assessment of chronic liver diseases, which affect more than 700 million people worldwide.
Astorg becomes a shareholder in the Company alongside Chinese Pharmaceutical company Inner Mongolia FuRui, which remains the reference shareholder.
Founded in 2001 by Laurent Sandrin and headquartered in Paris, Echosens has revolutionised routine clinical practice in hepatology by enabling the diagnosis of hepatic injuries due to chronic liver diseases via the quantification of liver fibrosis through a non-invasive,
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