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Forward Industries has acquired Intelligent Product Solutions (IPS), an industry leading product design and development company based in Long Island, New York for a material consideration comprising of cash, equity, and contingent earn outs.
IPS clients include leading brands in consumer electronics, medical devices, enterprise and security solution providers and Internet of Things connected solutions, including Google, Physio Control, PepsiCo, Motorola, ABInBev, Zebra and Charity Water.
Terry Wise, CEO of Forward Industries, says: “I am delighted and excited with the acquisition of IPS. The company is an excellent strategic fit for Forward Industries. Its expertise and strong track record
Céréa Capital II, managed by Céréa Partenaire, alongside the company’s management and supported by Capzanine and Céréa Mezzanine, has acquired Monviso, an Italian manufacturer of crackers, bread substitutes and sweet and savoury biscuits, from PM & Partners.
With 130 employees and 4 facilities in northern Italy, Monviso had sales of approximately EUR 36m in 2017, more than one third of which from exports. It is composed of two branches, Monviso (biscotto salute, bruschetta line, breadsticks, crackers and recently cookies under its own brand for retailers and in co-packing mainly for gluten-free) and Tonon (sweet and savory biscuits for retail exports,
PM & Partners SGR has sold Monviso, a manufacturer of gourmet and healthy bread substitutes to Céréa Partenaire.
PM & Partners invested in Monviso in 2012. After strengthening the company’s operations and management, including the appointment of Alessandro Manfredi Cusmano as CEO in 2013, the company has grown organically through the expansion of its product range and presence abroad, as well as through the acquisition of Biscotteria Tonon S.p.A. in 2015.
PM & Partners sold its controlling stake in Monviso (approximately 96 per cent), while executives disposed of the remaining stake, to Altabread, a company controlled by French private
Applied Blockchain Ltd, a London-based blockchain start-up, has secured its first funding round with investments from Shell Trading International (Shell) and Calibrate Partners for minority stakes in the company.
Founded in 2015 and based in London’s Level39 Fintech Accelerator, Applied Blockchain develops blockchain applications with a focus on distributed ledger technology and smart contracts. The start-up grew organically through 20 successful client engagements in two years and was featured in Gartner’s 2017 ‘Market Guide for Blockchain Consulting and Proof-of-Concept Development Services’ report. Its clients include global players in banking, telecoms, automotive, manufacturing, aviation, as well as a range of blockchain start-ups
BGF has provided an investment of GBP10 million to CHS Healthcare, a national provider of specialist services for the NHS. The funding will be used to expand CHS’s infrastructure and operations, supporting the provision of services to the NHS nationwide.
Dr Richard Newland established CHS Healthcare in 1995 while working as a GP, recognising that families needed more support and expert advice when choosing a care home. The company was developed to provide free, expert advice to families and the value of this work was quickly recognised, building partnerships with hospitals and care homes throughout Birmingham and the Midlands. Today,
Wynnchurch Capital has completed an investment in Anderson Metals Corporation, a manufacturer of brass fittings, valves, pipe nipples and related products to the plumbing, hardware and general industrial end-markets.
The Company is headquartered in Kansas City, Missouri and was founded in 1947.
Chris O’Brien, Managing Partner at Wynnchurch, says: “Anderson has built an outstanding reputation and strong leadership position in its industry during the past 70 years. We feel very fortunate to partner with Keith and Kent Anderson going forward. In addition, we believe this is an ideal opportunity for Paul Ciolino, a Wynnchurch Operating Partner and former CEO
UK-based Informa Group, which runs around 200 exhibitions a year, is planning to acquire UBM in a cash and stock deal worth GBP3.8 billion (USD5.2 billion), creating an GBP8billion events and exhibitions group in the process.
Under the terms of the Proposed Combination, UBM shareholders would receive 1.083 Informa Shares and 163 pence in cash for each UBM share.
On these terms, based on the 30-day volume-weighted average share prices as of 15 January 2018 of Informa and UBM and the closing share prices on 15 January 2018 of Informa and UBM, this represents in both cases a premium of
Founded in 2000, Equitis Gestion is one of France’s leading private equity management companies and sees big opportunities ahead as both non-PE groups and US PE groups look to invest in the European markets.
Philippe Bertin (pictured), Managing Partner and one of the three founders of Equitis, tells Private Equity Wire that currently the firm is setting up funds for a variety of new people such as life insurance companies, who want to enter the private equity market where the proposed returns on investments are higher than in traditional markets.
“Also, we’ve just made three funds for private banking organisations.
heidelpay Investments, a German and Germanic-speaking countries (DACH) payment service provider (PSP) backed by AnaCap Financial Partners (AnaCap), has acquired mPAY24, an Austrian PSP.
Founded in 2001, mPAY24 is a Vienna-based PSP primarily focussed on e-commerce technical payment processing services. The e-commerce payments platform is used by over 2,000 merchants today and enjoys a reputation as the “go-to” specialist for solutions in online payment transactions in Austria.
mPAY24 is the second bolt-on to the heidelpay group in less than three months, since AnaCap’s initial investment in September 2017. It follows on rapidly from the acquisition of StarTec, a Hamburg-based
Diversified metal component manufacturer JD Norman Industries has completed the acquisition of REGE Motorenteile. The acquisition agreement was announced in December 2017 pending applicable antitrust approvals, which have been satisfactorily received.
Headquartered in Eisenach, Germany, REGE Motorenteile is a manufacturer of precision machined components and assemblies for automotive and industrial markets. REGE Motorenteile has manufacturing operations in Germany and Romania and supplies customers throughout Europe and North America.
“We are pleased to conclude the successful acquisition of REGE Motorenteile,” says Justin D Norman, president and chief executive officer, JD Norman Industries, Inc. “This transformational acquisition allows us to offer customers
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