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Tethys Investments has become a full member of the Emerging Markets Private Equity Association (EMPEA), joining the ranks of more than 300 PE funds (including a few PE funds from the Eastern Europe and Central Asia region) with USD5 trillion assets under management.
Tethys Investments is the first and only member of EMPEA from Caucasus and is one of two EMPEA members from the Caucasus and Central Asia region. The other member firm based in the Central Asia region is Centras Capital, a Kazakhstan-based PE Fund.
EMPEA is the global industry association for private capital in emerging markets whose
Bowmark Capital, a mid-market private equity firm, is backing the buy-out of ASK4 Limited, a fast-growing internet solutions provider.
Founded in Sheffield in 2000 by its chief executive, Jonathan Burrows, ASK4 partners with universities, private sector student accommodation providers, residential apartment developers and businesses, to provide high speed internet solutions and managed data services for multi-tenant accommodation.
ASK4 currently services 160,000 customers in more than 400 sites in the UK and Europe. The business has grown strongly due to its highly differentiated proposition, focus on customer service, and the increasing levels of investment in multi-tenant accommodation.
Bowmark is
Funds managed by private equity firm Stone Point Capital (Stone Point) are to buy a majority interest in Genex Services (Genex), a provider of cost containment services to the workers’ compensation, disability and auto industries, from funds advised by Apax Partners.
The transaction is expected to close in the first quarter of 2018.
Founded in 1978, Genex helped introduce the medical management concept and has become one of the largest and most experienced medical cost containment and disability management providers today. Genex offers a broad continuum of services including utilization management, case management, bill review, independent medical examinations, Medicare
Law firm Paul Hastings has advised Madison Energy, a division of Chicago-based Madison Industries, on the acquisition of the Centek Group.
UK-headquartered Centek Group specialises in the development of engineering solutions for the world’s toughest casing running environments and is a world leading designer and manufacturer of centralisers, primarily for the oil and gas industry.
The Paul Hastings team was led by corporate partner Ronan O’Sullivan in London alongside partners Arun Birla (tax), Suzanne Horne (employment) and Richard Kitchen (finance) in London; Madison Industries relationship partners Brian Richards and Ziemowit Smulkowski in Chicago; global environmental and energy partner Lisa
EOS Investment Management (EOS IM) has acquired Eurofiere, a specialist in the design and creation of exhibition stands and temporary stores & shops, showroom and interior designs.
The main goal of the acquisition is for EOS IM to support the company’s expansion plans in Italy and internationally.
Founded in 1961 Eurofiere has a strong market presence, with an international client base of many famous name brands; among its top clients are Versace, Oakley, Fendi, Fiat and Yamaha Marine. It develops projects of communication, brand image and brand enhancement in partnership with these clients. In 2017, the turnover of the
Diligent Corporation has secured a strategic minority investment from Clearlake Capital Group. Insight Venture Partners acquired Diligent in February 2016.
As a leader in the EGM software industry, Diligent is committed to providing the broadest platform for facilitating secure collaboration, communication and meeting management for boards, committees and leadership teams. Diligent’s multi-tenant SaaS platform provides directors with a single application to securely and reliably access, edit and share materials while satisfying security and compliance requirements. Taking its service offerings to the next level, yesterday Diligent introduced Governance Cloud – the only integrated and secure enterprise governance management solution that enables
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
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