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Physical Therapy Management (Alliance PT), an affiliate of GPB Capital and Alliance Physical Therapy Partners, is to acquire the US operations of Agility Health.
The transaction, which is expected to close in February 2018 and is subject to customary closing conditions and certain regulatory approvals, would add, among other things, more freestanding outpatient physical therapy clinics, a contracted therapy business, and proprietary clinic management software (AgileRPM), to Alliance PT’s portfolio.
The agreement stipulates that Alliance PT will acquire 100 per cent of the membership interests in Agility Health, LLC, the Grand Rapids, Michigan-based US operations of Agility Health, for
B Capital Group, a digital technology investment firm that invests in pioneering healthcare, financial services & insurance, industrial, and consumer enablement companies, has closed its inaugural fund B Capital Fund, at USD360 million, substantially exceeding the original target.
Through its sponsorship from The Boston Consulting Group (BCG), B Capital Group aims to partner with new companies to build and scale sustainable businesses. Ropes & Gray provided legal counsel in connection with the fundraise.
“We continue to strive to be a launch pad for entrepreneurs across a wide range of verticals and seek to provide our portfolio companies with the
Ironwood Capital has exited its investment in Elite One Source Nutritional Services (Elite One) through a sale to DCC Health and Beauty Solutions (DCC). Ironwood partnered with private equity firm Ampersand Capital Partners in acquiring Elite One in late 2014.
Elite One has earned a reputation for producing the finest quality tablet and capsule nutritional supplements. Its expertise in producing effective nutritional supplements, combined with its unwavering commitment to excellence has made Elite One one of the industry’s fastest growing supplement manufacturers.
“We’re pleased that our confidence in Elite One’s potential has been validated by the DCC purchase,” says
Think3, a private equity fund for SaaS founders, is launching a new USD1 billion fund to encourage and empower entrepreneurs to take more shots at developing the next unicorn.
Instead of holding onto their current, modestly-growing company, the fund will buy their company and transition founders in 100 days to take their full team and build their next startup, providing USD500,000 in a no-equity angel round to get started.
“We developed this fund to enable founders to take more shots on goal,” says Andy Tryba, founder and CEO of Think3. “Founders should think of ‘time’ as their portfolio, making the
NextWave Ventures, a venture-capital firm specialising in the commercialisation of early-stage technologies, today formed Apical Technology, a portfolio of artificial intelligence (AI) technologies.
Advanced by Ron St Onge and Jim St Onge, Apical is the result of nearly 20 years of research in optimising AI-based solutions to non-linear systems. With significant real-world predictive results in market behaviour, NextWave Ventures identified an initial opportunity to use the Apical AI-based software platform for equities trading. Apical’s strategies utilise AI and machine learning to generate superior risk-adjusted returns that are non-correlated to both major asset classes and other hedge fund strategies.
“Apical
Tech company Spark EV is driving business development of its artificial intelligence-based journey prediction system for electric vehicles (EV) with a GBP50,000 investment from New Anglia Capital as part of its seed investment round.
The company, which recently expanded into new premises at Lanwades Business Park near Newmarket in Suffolk, will use the investment to expand business development. This includes adding a trade manager to support overseas sales, particularly in Scandinavia, where it is already receiving strong interest.
Launched in 2017, Spark EV analyses live driver, vehicle and other data sources, such as the weather and congestion, using its
Property Brands, a provider of property management technology solutions, has secured an investment from Insight Venture Partners, a New York-based venture capital and private equity firm.
Providence Strategic Growth, Property Brands’ previous lead investor, will retain a minority investment partnership going forward.
Headquartered in Knoxville, Tennessee, Property Brands provides software for property management, rent payment processing, background screening, and renters insurance. Property Brands is helmed by an executive team of proven entrepreneurs who have successfully built market leading SaaS companies.
“We couldn’t be more excited about this next phase of growth and innovation for our business,” says Lisa Stinnett,
Boston-based private equity firm, New Heritage Capital, (Heritage), has become a minority stakeholder in the Canada-headquartered Flying Colours Corp (Flying Colours), a refurbishment, completion and MRO business.
The transaction, structured using Heritage’s Private IPO® solution, was ratified and signed by Flying Colours President, John Gillespie, and Heritage Partner, Judson Samuels, on 31 January 2018. Financial terms remain undisclosed.
Flying Colours will retain its management and operational independence, and will benefit from increased financial resources at a time of considerable growth. The deal enables Flying Colours to realise high-value projects which include expanding service lines, infrastructure development, and the building
Quilam Capital, which provides both debt and equity solutions to companies in the speciality finance sector, has announced its third deal since it launched late last year, a multi-million pound investment into Catfoss Finance, a specialist lender providing Asset Finance into the UK SME market.
For more than 17 years Catfoss has been offering supportive, individual and practical financing helping businesses and the people they represent, grow and prosper.
Founded and run by a highly experienced team of professionals, Catfoss provides leases, HP and business loans to companies seeking to raise capital for new or existing assets. Working with
Thompson Street Capital Partners (TSCP), a private equity firm based in St Louis, and Chicago-based private equity firm Onward Capital, have partnered to acquire Wright City, Missouri-based Tech Manufacturing as an add-on to their joint platform company, Domaille Engineering.
Terms of the transaction have not been disclosed.
Tech Manufacturing is a manufacturer of complex five-axis structural aerospace parts. The company has special expertise in unique contoured parts and monolithic components that require five-axis milling, whether made of aluminium, steel, titanium, or other materials. Tech Manufacturing specialises in CNC precision machining of structural aerospace parts for commercial, military and business
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