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Direct Healthcare Group (DHG), a manufacturer of pressure care solutions, has acquired Transflo Cushion brand from Karomed, its third bolt-on since NorthEdge Capital supported an MBO in April 2016.
Based in Caerphilly, DHG specialises in the development of clinically effective solutions for the delivery of harm-free patient care.
The Group now consists of award-winning pressure care management business Direct Healthcare Services, bariatric rental specialist Nightingale Care Beds and specialist seating product manufacturer Kirton Healthcare.
The Transflo Cushion has been in the pressure care market for over 30 years, establishing itself as one of the UK’s leading high-risk gel
Drake Star Partners has acted as exclusive financial advisor to American Management Association International (AMA) in its divestiture of the trade book assets of AMACOM to HarperCollins Publishers.
HarperCollins will take over all front list and backlist publication, sales, distribution, and licensing of the more than 600 books in AMACOM’s catalog. AMACOM, which primarily focuses on personal and professional growth and business leadership, will be a sub-imprint of the recently launched HarperCollins Leadership (HCL) imprint, which is run out of the company’s Nashville, TN offices. Financial details of the acquisition were not disclosed.
Manny Avramidis, President and CEO of
Adams Street Partners, a private markets investment management firm with more than USD32 billion of assets under management, has appointed Matthew H Scanlan to the firm’s Board of Directors, effective 1 April 2018.
Scanlan will succeed long-standing board member Wilbur (Bill) H Gantz, who announced his intention to retire from the Board earlier this year.
“Matt is an accomplished and well-respected business and thought leader with more than three decades of experience across the asset management industry. We are pleased to welcome Matt to Adams Street’s board and look forward to his guidance and counsel,” says Bon French, Chairman
The private debt industry has seen a steady increase in the number of investors active in the asset class in recent years. At the start of 2018 there were 3,100 institutions investing in private debt, up from 2,400 at the start of the previous year and an increase of 1,200 from the start of 2016.
That’s according to new research by Preqin which reveals that most of these investors are based in North America and Europe, which comprise 57 per cent and 24 per cent of active investors respectively. However, Asia-based investors have become an increasingly prominent part of
Wynnchurch Capital has acquired Heartland Automotive Services, one of the largest franchisees in the quick lube business and is the largest operator of Jiffy Lube service centres with approximately 523 locations.
The acquisition of Heartland, which will which will be renamed Team Car Care, was completed in partnership with Mid-Atlantic Lubes, an existing Jiffy Lube franchisee.
John Hatherly, Co-Managing Partner at Wynnchurch says: “Heartland is a tremendous addition to our portfolio of service businesses. We feel very fortunate to be partnering with Jiffy Lube International, Inc. We are also excited to partner with Mid-Atlantic Lubes, Inc. and its 10-year
WestBridge Capital has appointed a new Investment Executive, chartered accountant Edward Minton.
Minton joins from WK Corporate Finance, where he specialised in supporting management teams to undertake buyouts, having previously worked at Terra Firma Capital Partners. At WestBridge he will join the investment team to originate and make new investments.
Minton says: “WestBridge has a track record of successful investing and a growing reputation in the market. The partners have delivered excellent returns from their first fund and it’s an exciting time to be joining as they look for more great management teams to support.”
WestBridge has developed a
Tesi made new investments totalling EUR149 million in 2017, including a EUR60 million commitment in the fund-of-fund KRR III. The firm’s direct portfolio companies also continued to grow strongly, sales increasing on average 22 per cent during the year.
Coupled with a favourable operating environment, strong growth in portfolio companies as well as numerous exit, this added up to a financial return of EUR66 million for the year.
CEO Jan Sasse says; “In 2017 the Finnish venture capital and private equity market developed well. New funds were raised in all development phases. The Finnish venture capital investor Inventure
Research by international law firm Pinsent Masons has found that the number of private equity backed IPOs increased by almost a third in 2017 compared to the previous year, from 16 to 21.
The firm also found that the GBP3.1 billion raised was more than double the amount raised in 2016 and represented 40 per cent of all new money raised in IPOs on the London markets last year.
In the report, which looks at the trends in private equity back IPOs, Pinsent Masons says that the IPOs of ContourGlobal and TI Fluid Systems were the two largest private
Small business lender iwoca is pledging to lend GBP100 million to micro and small businesses in the North of England by 2020.
The alternative finance provider is making the pledge in response to the withdrawal of credit facilities for small businesses by the UK’s banks, which has been most acute in the North.
According to data collected by UK Finance, the value of lending (loans and overdrafts) for Small and Medium Enterprises (SMEs) in the North of England has contracted by 14.3 per cent, compared with the national average of 9.5 per cent, over the past three years. The
Independent fund administration specialist Circle Partners has expanded its presence in the Asia-Pacific region with the opening of a new office in Singapore.
The office, which opened for business in February, is being managed by Gerben Oldekamp.
This latest addition to the offices Circle Partners already has in Europe, the Caribbean and the United States gives the company a physical presence in all major time zones around the globe.
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