Latest News
Weller Equity Partners, a Louisville, Kentucky-based private equity firm, has acquired KFI Seating, a supplier of business and institutional furniture products.
"We have been looking for an experienced partner to help us replace a retiring co-owner and key executive, while keeping our sights fixed on the continued growth and development of our business," says Chris Smith, president of KFI.
Ken Berryman, managing partner of Weller, says: "The KFI transaction is a classic fit for Weller as we look to partner with existing management teams to provide liquidity for shareholders, capital for growth, and organisational development to help businesses achieve
- 23/08/2016
- 23/08/2016
Hamilton Lane has appointed Lydia A Gavalis as deputy general counsel.
The appointment comes in preparation for the retirement of existing general counsel Robert Cleveland, who will leave the firm in early 2017 after 16 years of service.
In the interim period before his retirement, Cleveland will work closely with Gavalis to ensure a seamless transition. Upon assuming her new role as general counsel early next year, Gavalis will have responsibility for all legal affairs globally. As part of this transition, Fred Shaw, formerly director of compliance, will assume the role of chief compliance officer, reporting to Gavalis.
- 23/08/2016
Law firm Proskauer has appointed Ben Davis as a partner in the firm’s finance practice in London.
Davis’ primary expertise is within the leveraged finance market where he regularly advises on acquisition and leveraged finance facilities, corporate facilities and debt restructurings.
“Alternative lenders in the UK, and globally, require sophisticated legal counsel who truly understand their business objectives and can provide market insight on both sides of the pond. We have successfully, and uniquely, built a deep bench of lawyers with this expertise and we are delighted to have Ben join us to further strengthen the team,” says Steven
- 22/08/2016
- 22/08/2016
Platinum Equity has signed a definitive agreement to acquire the Foam Plastic Solutions (FPS) and Flow Control Devices (FCD) businesses of Broadway Industrial Group.
FPS is a supplier of protective packaging, insulation and component products to the consumer electronics, automotive, medical and other end-markets.
FCD supplies high-performance parts such as valves, fittings, sensors, and related components used in diverse end-applications.
Platinum Equity is a Los Angeles-based global private equity firm focused on acquiring businesses that can benefit from the firm's operational expertise. The proposed acquisition was led by Platinum Equity's Singapore office.
Jacob Kotzubei, the partner in
- 22/08/2016
Kelso & Company has acquired Physicians Endoscopy (PE) in a recapitalisation transaction with management, from Pamlico Capital.
Terms of the transaction have not been disclosed.
Founded in 1998, PE is a developer, owner, and manager of endoscopic surgery centres across the US. The company currently owns and manages 42 facilities in partnership with over 300 gastroenterologists and 18 health systems.
Pamlico acquired PE, in partnership with management, in August 2013 and has supported the company over the past three years. Under this new partnership with Kelso, Pamlico will be exiting its investment in PE.
Barry Tanner, PE’s
- 22/08/2016
Octopus Investments has launched Octopus Labs, a new fintech business which is developing technology-enabled financial solutions for the mainstream.
Octopus labs will be involved in ‘self-building’ some solutions and will support others through its fintech accelerator programme, with applications now open.
Octopus believes that for many, the world of finance – and financial products – remains complex, inaccessible and confusing. While the past few years have witnessed a fintech revolution in the UK, most of the innovations that have sprung up remain unfamiliar and unpalatable to both financial advisers and retail investors.
Octopus Labs aims to tackle these twin
- 22/08/2016
Commercial law firm Noerr has advised consultancy firm Persicon on its takeover by PwC Deutschland.
Persicon was founded in Berlin in 2003 and, as a certified IT security provider for the government and officially accredited data protection inspection authority, is the leading German consulting firm in data and IT security.
PwC will take over the subsidiaries Persicon Consultancy and Persicon Cert in the planned transaction.
The takeover will enable PwC to expand its IT advice and offer its know-how in the fields of governance, risk management and compliance on a joint basis with Persicon.
Persicon advises more
- 22/08/2016
Private equity firm JW Childs Associates has hired Philippe Schenk as managing director, Kyle Casella as vice president and Jess Yuan as associate.
Schenk will lead investor relations activities for JW Childs. Casella and Yuan are primarily responsible for due diligence and analysis of new investment opportunities and monitoring of portfolio companies.
Schenk was previously a principal at Grove Street Advisors, a private equity investment firm focused on lower middle market buyout, growth equity and venture capital funds, and a director at Credit Suisse with various roles in Zurich and New York, most recently in the alternative capital division.
- 22/08/2016
- 22/08/2016
The Greater Manchester Loan Fund (GMLF) has made a GBP0.5 million investment in Prime Document, a provider of document management outsourcing services, to support its continued expansion in the global electronic document management (EDM) sector.
Bury-based Prime specialises in the production and multi-channel distribution of business critical documents such as invoices, pay slips, pension and tax statements, which are required to comply with stringent industry regulations or legislative requirements.
Clients include a wide range of large and mid-market companies, government bodies and NGOs, operating in sectors where security, accuracy, reliability and timeliness of document availability are paramount to delivering commercial advantages.
The
- 22/08/2016
Satuit Technologies, a provider of software solutions for the professional investment market, has partnered with CenturyLink to offer cloud-based hosting of its SatuitCRM and SatuitCRA software.
As part of this change, database infrastructure will be upgraded to SQL 2012.
In addition to allowing Satuit to upgrade the infrastructure and its security features, the new partnership will allow Canadian clients to use a Canadian site to host their SatuitCRM data.
The migration of client sites began in late July. All remaining client databases will migrated to the new partner by early autumn.
“We have been working intensively with
- 22/08/2016
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