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Safanad, a global principal investment firm, is pleased to announce that an affiliate has acquired a controlling interest in Rimstock.
Rimstock is a manufacturer of cast and forged aluminum automotive wheels in the United Kingdom for the automotive aftermarket and original equipment manufacturers. Rimstock, which recently celebrated its 30th year in manufacturing, employs over 230 people at its facilities in the West Midlands, England, the heart of UK automotive manufacturing.
Safanad is partnering in this acquisition with New York based investment firm, Current Capital, and UK executive David Roberts. Roberts is an experienced automotive executive who has successfully operated
- 09/06/2016
- 09/06/2016
Insurer Aviva France and asset management company Eiffel Investment Group have just announced the launch of Prêtons Ensemble, a fund that aims to finance the real economy.
This new fund, financed by Aviva France to an amount of EUR50 million, aims to lend funds via the best online lending platforms in Europe, and France in particular.
Prêtons Ensemble strives to bring together several investors and already counts on the support of Aviva France and AG2R La Mondiale for its launch, respectively with 50 million and 20 million euros. The fund has an eight-year objective of lending EUR100 million to VSEs
- 09/06/2016
Mid-market private equity firm LDC has exited its investment in Workplace Systems, the provider of cloud-based scheduling software to the retail and hospitality sectors, in a sale to US-based WorkForce Software, for an undisclosed sum.
WorkForce, which is backed by US private equity firm Insight Venture Partners, is one the world’s leading providers of cloud-based workforce management software. Its solutions support hundreds of large and mid-sized companies with employee time and attendance, scheduling and absence management, helping them to reduce costs and meet compliance requirements while increasing efficiencies and employee satisfaction.
Based in the UK and with offices in
- 09/06/2016
- 09/06/2016
Some 75 per cent of investors plan to increase their allocation to real assets in the next five years, according to a poll of attendees at the 2016 Global Real Assets Conference in New York.
The annual forum, now in its 16th year, brought together CIOs, heads of real assets, heads of real estate, heads of infrastructure, other investment professionals from leading defined benefit and defined contribution plans, insurance providers, endowments and foundations, and consultants to discuss trends and strategies in real estate, infrastructure and maritime investing around the globe.
Current industry sentiments were captured through a series of polling
- 09/06/2016
Private equity firm Graphite Capital has acquired New World Trading Company (NWTC), a pub and restaurant business headquartered in Knutsford, Cheshire, from private equity firm LDC in a GBP50 million transaction.
LDC originally invested GBP2.7m for a minority stake in NWTC in 2013 through the Hill Capital Food & Beverage Fund, which was set up to back early stage food and drink concepts. The sale has generated a 6.1x money multiple and IRR of 80 per cent for LDC.
NWTC opened its first pub in 2011 and now operates 14 pubs/restaurants nationally under five sub brands: The Botanist, The Oast
- 09/06/2016
Centerview Capital Technology Management has appointed Dr Buno Pati as a Partner adding to the founding partnership of Ned Hooper, former Chief Strategy Officer of Cisco Systems, David Dorman, former Chairman and CEO of AT&T and Sandhya Venkatachalam former VP Advertising and Monetization and Head of Corporate Development of Skype.
Dr Pati is an entrepreneur and company builder who brings more than 20 years of experience growing, leading and investing in technology companies and has served as an Advisor to the firm since 2014.
Pati founded and served as Chief Executive Officer of Numerical Technologies, a company that redefined how
- 09/06/2016
Private equity firm TA Associates has completed an investment in Conservice, a provider of utility management software and billing solutions to property owners and managers.
TA Associates purchased shares from Kayne Anderson Capital Advisors, a Los Angeles-based alternative asset manager, which will remain an investor in Conservice. No new shares were issued and no other owners or management sold shares in conjunction with this transaction. Financial terms of the transaction were not disclosed.
Founded in 2000, Conservice serves the single-unit and multi-unit markets, including apartment communities, student housing, military housing, government-subsidised housing, commercial buildings, homeowner associations and real estate-owned (REO)
- 08/06/2016
- 08/06/2016
blow ltd, a London-based beauty services on demand provider, has secured a GBP500,000 investment from Unilever Ventures alongside an angel and Crowdfunding campaign on the Seedrs platform. The total investment into blow LTD now exceeds the GBP1 million mark.
Unilever Ventures is the venture capital and private equity arm of Unilever, which invests in young, promising companies in the personal care and digital sectors. It looks to invest in outstanding management teams and innovative business models that have the potential to reshape the industry it operates in. The GBP500K investment in Blow Ltd marks their eighth investment from their third
- 08/06/2016
Ardian portfolio company Italmatch Chemicals, a global specialty chemicals group, has acquired 100 per cent from US private equity firm One Rock Capital Partners.
The acquisition sees Italmatch Group consolidate its presence in the American market, with an important manufacturing site which will continue to produce Compass’ Mayoquest brand of products. It will also be expanding its water treatment product range, thus strengthening the leading global role of the DequestR brand in a highly strategic business segment.
This is the third acquisition in the water treatment industry by Italmatch since Ardian became the major shareholder in June 2014, and falls
- 08/06/2016
Sumeru Equity Partners (SEP) – along with existing investors and company management – has made a USD65 million strategic investment in SaaS property management platform Buildum.
SEP Managing Directors, Jason Babcoke and John Brennan, will join Buildium’s board of directors.
“Buildium has successfully made the transition from start up to established market leader, and its large and rapidly growing base of happy customers is a testament to the company’s customer-first philosophy,” says Jason Babcoke, managing director at SEP. “Founder-led teams with strong product backgrounds are attractive investments for us – especially since Buildium was founded in the practice
- 08/06/2016
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