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Audax Private Equity (“Audax”), has completed the sale of RESA Power to Blue Sea Capital, a private equity firm based in West Palm Beach, FL.
Founded in 2003, RESA Power is a provider of electrical life extension products and services to a broad variety of end markets. The Company specialises in servicing major power distribution & control markets, and stocking obsolete & hard-to-find inventory. Under Audax’s ownership, RESA has successfully completed nine add-on acquisitions, expanding the company’s footprint across the United States and into Canada, and bolstering its existing capabilities with complementary product and service offerings. RESA is headquartered in
Law firm Boodle Hatfield has advised specialist cyber security Lloyds broker Ascent Underwriting on a private equity investment from Preservation Capital Partners.
The deal, which is subject to FCA approvals, was completed on 2 November and is the first investment made by Preservation Capital Partners, which also sees it take a significant stake in Ascent.
The undisclosed investment will help Ascent meet the strong growth in demand for cyber insurance cover globally and further develop Ascent’s proprietary OPTIO technology platform, while expanding its global distribution and in-house talent base.
Preservation Capital will provide significant growth capital to support
Gridiron Capital has sold Ramsey Industries, a manufacturer of service cranes, industrial and commercial winches and planetary gear drives. The transaction closed on 6 November, 2017.
Gridiron Capital originally invested in Ramsey in 2006 and built on Ramsey’s foundation of the Auto Crane and Ramsey Winch brands by acquiring Eskridge in 2007. During the Great Recession, Gridiron Capital intensively supported the Ramsey management team to ensure that the business weathered the economic storm and continued its growth. During Gridiron Capital’s holding Ramsey expanded its management team, significantly increased margins and cash flow, shortened lead times, introduced numerous new products, expanded its
UK mid-market private equity firm LDC has backed the management buyout of construction, contracting and housebuilding software specialist Eque2.
The multi-million-pound investment will be used to accelerate the firm’s growth strategy and buy-and-build programme, along with funding the simultaneous acquisition of the Miracle Dynamics Payroll and HR Solution.
Headquartered in Manchester, Eque2 supplies business management software to more than 1,400 customers in the construction, housebuilding and contracting industries. Its software enables builders, contractors, architects, engineers and estimators to integrate the commercial and financial aspects of their business, driving efficiencies and ultimately improving profitability.
The buyout was led by
Palatine Impact has completed a significant investment into e-days, a provider of employee absentee management software.
This is the second deal from Palatine Private Equity’s Impact Fund, a GBP100 million investment vehicle targeting growth companies that also deliver a positive social and/or environmental impact. It also marks the third successful deal completion in the Midlands, following the opening of Palatine’s Birmingham office in December 2015.
Formed in 2005, e-days is an employee absence management tool designed to help customer organisations improve operational efficiency and reduce absenteeism. Provided through a software as a service (SaaS) model, the tool accurately manages,
JCRA Group has recruited former Cardinal Risk Advisors duo, Gina Sullivan and Peter Turk, who join the firm’s New York office and will be responsible for financial sponsors in private equity as well as the wider corporate client base.
The experienced pair will bolster JCRA’s expertise in the provision of independent hedging advice for interest rates and foreign exchange risk. JCRA Group recently completed an MBO and highlighted that these client sectors are a key opportunity for growth in the US market.
JCRA Group CEO, Jackie Bowie, says: “The demand for truly independent risk management advice across interest rates,
Ridgemont Equity Partners (Ridgemont) has closed Ridgemont Equity Partners Energy Opportunity Fund with USD320 million in commitments.
The EOF is a companion fund to Ridgemont’s USD995 million flagship fund, Ridgemont Equity Partners II. The EOF and REP II invest side-by-side in the firm’s energy sector investments. The Fund closed above its original target and includes a significant commitment from the General Partner.
The principals of Ridgemont have deployed more than USD4.0 billion in 141 investments since 1993 and more than a quarter of the firm’s invested capital has been funded in Ridgemont’s energy strategy investments. The firm typically makes
WhiteHorse Capital, the direct lending affiliate of private equity investment firm HIG Capital, has promoted Gina Provenzale, Jeff Wells and John Yeager to the position of Managing Director.
Provenzale is based in Stamford and is responsible for structuring and executing financial solutions to mid-market and lower mid-market sponsors with a focus on providing senior debt, second lien debt, and unitranche debt products.
Wells, who is based in Dallas, is responsible for sourcing and executing middle market senior debt financings for non-sponsored borrowers. Jeff also provides coverage and support to a number of southwestern private equity clients.
Yeager is
By George Ralph, RFA – Start-up hedge funds have a lot to think about; from the crucial raising of initial capital and building up a client base, to finding the right team of people and ensuring that everything you are doing is fully compliant with every regulatory requirement.
Investopedia lists the key areas of concern for hedge fund start-ups as; building a competitive advantage, defining a clear strategy, raising capital and seed capital, pulling together a comprehensive marketing and sales plan, addressing risk management, ensuring compliance and organising legal assistance and deciding whether to use a prime broker. With my
Egis Capital Partners has selected PEF Services to support its und administration accounting, regulatory, and investor reporting requirements.
Egis Capital Partners is a private equity firm focused on middle-market buyout and late-stage growth investments in the Security and Protection industry. Egis is focused on the USD550 billion global market for products and services that protect people, assets, and information. Egis targets companies in North America with Enterprise Values ranging between USD30 million and USD200 million that require a total equity investment between USD10 million and USD80 million.
With more than 75 years of collective operating and investing experience, Egis Capital Partners recognised
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