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High Road Capital Partners’s portfolio company Midwest Wholesale Hardware has completed the acquisition of the assets of Strauss Lock Distributors (SLD).
Based in Des Moines, Iowa, SLD is a wholesale distributor of residential door hardware and security products. In addition to its Des Moines headquarters, the company operates distribution centres in Phoenix, Arizona and Charlotte, North Carolina. SLD provides expert customer service and tailored solutions for the residential builder market.
“SLD’s focus on the residential builder market and strength in the building products channel are tremendous complements to Midwest Wholesale Hardware’s extensive commercial and institutional offering,” sats Scott Rubino,
Cavendish Corporate Finance has advised on the sale of Tempcover Limited, a UK-based provider of direct to consumer, short-term motor insurance products to Connection Capital (Connection).
Founded in 2006 by Alan Inskip, CEO, Tempcover’s multi-carrier insurance offering enables customers to buy temporary motor insurance directly from the company’s website and select partners. Recently, the company has successfully launched additional temporary cover products to meet its growing customer base’s requirements.
Alan Inskip, CEO of Tempcover, says: “This new partnership is a very exciting opportunity for Tempcover to both consolidate its existing position and provide a platform for further growth into
CapitalSpring, a private investment firm focused exclusively on the branded restaurant industry, has completed its recapitalisation of Buddy’s Pizza (Buddy’s), the restaurant that introduced The Original Detroit Style Square Pizza.
Terms of the transaction have not been disclosed.
Founded in 1946 in Detroit, Buddy’s is widely recognised as the originator of Detroit-style pizza, with its signature square pie. Prepared in square, blue steel pans originally used to hold nuts and bolts on Detroit’s automotive assembly lines, Buddy’s Pizza is authentically Detroit. The Company operates 12 restaurants throughout the Motor City and surrounding area and is set to open its 13th
AlgoSec, a leading provider of business-driven security policy management solutions, has secured a USUSD36 million investment by Claridge IL, a growth technology investment partnership between CDPQ and Claridge Inc.
This is the first external investment in AlgoSec, following a decade of consistent growth and profitability. The Company has, over the years, delivered its market leading solution to over 1,500 enterprise customers globally and employs over 350 employees worldwide, of which 120 joined in 2017 alone.
“Companies with ambitious growth plans need experienced, value-adding investors by their side. We are very pleased that such a prestigious and well-respected firm such as
Thompson Street Capital Partners (TSCP), a private equity firm based in St Louis, has partnered with existing management to recapitalise Gurobi Optimization (Gurobi) a Houston-based software provider.
Shea & Company served as the exclusive financial advisor to Gurobi. Terms of the transaction have not been disclosed.
Gurobi has developed a suite of optimisation products that fully exploit the latest mathematical, engineering and computing technologies to deliver industry-leading performance and robustness. The Company’s software libraries enable 1,500 companies in more than 40 industries to employ mathematical programming to build sophisticated decision support systems that can generate and evaluate a vast array of
UK lower mid-market investor, Tenzing, has invested in Converge-IT.Net Ltd (Converge TS), a provider of managed and hosted IT services to the UK legal sector.
Founded in 2006 by MD Nigel Wright, Converge TS is a specialist provider of hosted and managed IT services through private cloud. It provides mission critical managed cloud services to the UK legal sector including Infrastructure as a Service, Hosting, Business Continuity as well as other managed IT and infrastructure services.
Converge TS differentiates itself in the legal sector via a deep knowledge of legal IT infrastructure requirements and the applications used by law
Solace Capital Partners (Solace), a private equity firm focused on special situations investments in North America, has acquired tank and dome manufacturer CST Industries (CST).
Headquartered in Kansas City, MO, with a 125-year heritage, CST Industries provides storage systems, complementary or independent cover products, proprietary coating and lining services, field installation, inspection, maintenance and retrofit proficiency, to a wide range of end markets. The company has an installed base of more than 350,000 storage tanks and 18,000 covers across 125 countries. CST has nine sales offices across the United States, Mexico, Brazil, Spain, Argentina, UAE, Vietnam and Australia and operates
Kirkland & Ellis is advising funds managed by Oaktree Capital Management (Oaktree) on the acquisition of a stake in NL – HOLDING.
Oaktree is a leader among global investment managers specialising in alternative investments, with USD100 billion in assets under management as of 30 September 2017. The firm emphasises an opportunistic, value-oriented and risk-controlled approach to investments in distressed debt, corporate debt (including high yield debt and senior loans), control investing, convertible securities, real estate and listed equities. Headquartered in Los Angeles, the firm has over 900 employees and offices in 18 cities worldwide.
Founded in 2015, NL – HOLDING focuses on assisted reproductive
Frontenac, a Chicago-based private equity firm, is to sell AH Harris Construction Supplies, a leading distributor of specialty construction products, to HD Supply Holdings, Inc. (Nasdaq: HDS), one of the largest industrial distributors in North America.
The transaction is expected to close in the first quarter of 2018, upon the satisfaction of customary closing conditions, including obtaining required regulatory approvals.
Founded in 1916 and headquartered in West Hartford, CT, AH Harris supplies high-quality construction products and equipment for contractors, construction companies and government entities in the concrete construction, repair & restoration, road & bridge, rebar & rebar fabrication, waterproofing and
BaltCap and other minority shareholders have sold 100 per cent of the shares in Magnetic MRO, a full-service aircraft maintenance company headquartered in Tallinn, to Guangzhou Hangxin Aviation Technology (Hangxin) for EUR43 million.
The deal is expected to close by the end of March after all regulatory requirements and other closing conditions have been fulfilled.
“Magnetic MRO management has been actively looking for opportunities to expand into Asia, the highest growth market in aviation,” says the CEO of Magnetic MRO Risto Mäeots. “Hangxin’s location and service portfolio is complementary to Magnetic MRO, creating substantial synergies and new business opportunities. For
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