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irth Solutions, a provider of field service management solutions to the utility, energy and telecoms industries, has acquired Bytronics, a provider of software solutions to the energy, utility, municipality and contract locator industries and the maker of DigTrack One Call ticket management software.
Financial terms of the transaction have not been disclosed.
The acquisition of Bytronics brings together two market leaders, creating a unified leader in mobile workforce management for the energy and utility marketplace. irth will support all Bytronics’ solutions and their customers will now have access to the resources and expertise of the irth Solutions team. Bytronics
Kirkland & Ellis is advising Oakley Capital Private Equity III on the acquisition of Career Partner Group from its shareholder Apollo Education Group Inc.
The current management team of Career Partner is investing alongside Oakley in the transaction. The transaction is funded by a unitranche debt facility from BlueBay and equity investment from Oakley. Completion is subject to approval by the Federal Cartel Office, and is anticipated to be no later than 31 December, 2017.
Oakley Capital is a mid-market private equity investor with currently over EUR1.5 billion under management, investing primarily in Western Europe. Career Partner Group is a
Middle market private equity firm Quad-C Management has closed an investment in Galleher Corporation (Galleher), one of the oldest, largest and fastest growing value-added floor covering distributors in the United States. Terms of the transaction have not been disclosed.
Founded in 1937, Galleher currently operates 23 locations in California, Nevada and Arizona with over 325 employees. The Company distributes a broad offering of hardwood, resilient, vinyl and laminate flooring as well as carpet and installation accessories to more than 5,000 customers while also providing unique custom hardwood manufacturing capabilities. The Company’s management team, led by Jeff Hamar, is maintaining a
By Ian Kelly, Chief Executive Officer, Augentius – Enthusiasm for private equity as an asset class continues to rise in a time of opportunity for fund managers – Preqin data shows the number of private equity funds in the market continued to grow in Q3 2017, with a 10 per cent rise in the number of funds raising capital since the start of the year. And this enthusiasm can be easily explained.
The macroeconomic environment continues to be characterised by volatility and a paucity of yield when it comes to more traditional asset classes. Not only does private equity allow
Linda Gibson, Director of Regulatory Change and Compliance Risk, BNY Mellon’s Pershing on teh challenge and opportunities of MiFID II…
The FCA will not be lenient on firms that fall behind on MiFID II compliance. But where a zero tolerance approach will apply to more straightforward areas – such as permissions and transaction reporting – the regulator will treat more complex aspects with a degree of flexibility.
The FCA is expecting a diversity of approaches to costs and charges disclosure, reflecting the need for firms to operate in a way that best suits their client base. The regulator will closely
By George Ralph, RFA – Why is Blockchain the latest buzz word? What is it, and do you need it in your alternative investment firm?
Essentially blockchain technology is a distributed ledger tech for real-world applications. It is a peer to peer entity which is not maintained by any one organisation, but is open to all blockchain members. A blockchain ledger is replicated across all users of that blockchain and when a transaction is updated in one ledger, all other ledgers are simultaneously updated in chronological order. Everyone in the blockchain can see and verify the chain of events. The ledger is
Private equity investment companies have recovered strongly following the global financial crisis. Over one, three and five years, the average investment company in the Private Equity sector has returned an impressive 21 per cent, 66 per cent and 117 per cent, respectively, to 31 October 2017.
The average sector discount has narrowed significantly from 45 per cent at 30 November 2008 to 13 per cent at the end of October, a level many analysts believe offers value.
On Monday 6 November, the Association of Investment Companies (AIC) held a media roundtable with Andrew Lebus, Partner at Pantheon Ventures, responsible
Private equity firm Calculus Capital has invested GBP2.2m in Brighton-based Every1Mobile, the developer of a mobile communications platform that is helping to deliver measurable socio-economic inclusion programmes at scale across Africa.
Every1Mobile provides digital communication solutions and online community management to large corporates and international development agencies. The funding from Calculus, a leading EIS and VCT investor, will help Every1Mobile to continue development of its platform technology and increase the geographical scope and scale of its work.
Algy Williams, Every1Mobile CEO, says: “In emerging markets, major corporates are now moving socio-economic inclusion from the periphery to the very centre
CloudSense, a leading Salesforce-native, industry-specific cloud company, has secured a USD77 million growth investment from Vector Capital. The funding will be used to accelerate CloudSense’s rapid global expansion, especially in the North American markets, and to accelerate product innovation and development of enterprise focused vertical solutions.
CloudSense enables leading customer-centric enterprises worldwide to transform the way they sell, delivering capabilities to efficiently provide seamless one-to-one omni-channel customer experiences. Using CloudSense’s industry-specific platform, organisations can sell more, launch faster and reduce costs by producing the integrated, digital-first experiences today’s customers expect. Integrating into CRM, ERP and other systems, the CloudSense Platform provides companies
Etraveli, a flight-centric and data-driven online travel platform which was acquired by CVC Capital Partners’ Fund VI in August 2017, is to join forces with e-Travel.
Both Etraveli and e-Travel have seen rapid growth and expansion to a variety of markets in recent years.
Their geographical footprints have little overlap and make this transaction highly complementary.
Etraveli, based in Uppsala, Sweden, is a global e-commerce platform for flight tickets combining a leading position in the Nordics with a fast-growing international business. Etraveli conducts a majority of its business in Western Europe and the Nordics. e- Travel, based in
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