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Exaltare Capital Partners has appointed Benjamin Kahn as a Managing Director. Kahn joins from HIG Growth Partners where he served as a Principal in the Boston office and had worked for nine years.
“We are excited to have a professional with Ben’s background and level of private equity experience join our team. Ben has a proven track record investing in and managing portfolio companies across Exaltare’s four key industry verticals. With the recent closing of our initial institutional private equity fund, Ben will help lead our investment effort as we look to further build the portfolio,” says Omar Simmons, founder
Actic International, a holding company owned by the IK 2007 Fund, is to sell 6,647,078 shares in Actic Group AB (Actic) to nine high quality Swedish investors, including Athanase Industrial Partner (Athanase).
As a result, Athanase, a cornerstone investor in the listing of Actic, will increase its holding in Actic from approximately 7.9 per cent to 15.4 per cent of the total number of shares outstanding. The IK 2007 Fund, meanwhile, advised by IK Investment Partners, will no longer own any shares in Actic.
SEB acted as Sole Bookrunner in the transaction.
Funds managed by Inflexion Private Equity have acquired Atcore Group (Atcore), a leading travel technology company which provides specialist software platforms for the global leisure travel sector.
With clients such as TUI, Thomas Cook and Mark Warner, Atcore comprises of two principal platforms, Atcom and Tigerbay. Atcom designs, builds and maintains reservation software for leading global tour operators. Its proprietary reservation system is highly complex, and supports sophisticated business models which allow clients to manage large volumes of search requests, optimise customer experience and enhance profitability. Tigerbay serves specialist travel companies. It operates a dynamic, flexible, end to end platform
Italmatch Chemicals Group (Italmatch) is to acquire Detrex for USD27 a share in cash following the agreement of a merger deal between the two companies.
Under the terms of the Merger Agreement dated 10 November, 2017, each share of Detrex common stock outstanding immediately prior to the merger will be converted into and exchanged for the right to receive USD27.00 in cash. The merger consideration represents an 8 per cent premium over the closing bid price of Detrex’s common stock as quoted on the website of OTC Markets Group on 9 November, 2017, and a 9 per cent premium over
OMERS Private Equity, the private equity investment arm of the OMERS pension plan has entered into an agreement with Ardian to acquire a majority stake in Trescal, a specialist in calibration services.
The proposed transaction, which values the Company at approximately EUR670 million, is fully supported by Trescal’s management team headed by its CEO Olivier Delrieu. The proposed transaction will see the senior management make an equity reinvestment into Trescal alongside OMERS Private Equity.
The proposed transaction remains subject to several conditions including customary approvals by the antitrust authorities and signing of a definitive agreement. Headquartered in Paris, France Trescal operates across more than 110
Palatine Private Equity has strengthened its UK team with the appointment of Gareth Wilson as Portfolio Operations Director to boost operational efficiencies across its portfolio.
Wilson is an experienced management consultant and joins the firm having worked as an independent consultant leading key strategic and cost saving projects for a number of private equity backed companies. He has also worked as a Senior Associate at McKinsey & Company and Together Group, where he provided strategic advice and guidance to its chief executive.
In his new role at Palatine, Wilson will be responsible for improving the performance of the firm’s
Roynat Equity Partners has sold internet access business NetSet to Xplornet Communications (Xplornet). Based in Brandon, Manitoba, NetSet provides next generation broadband services throughout the province of Manitoba.
Xplornet will maintain the NetSet Communications trade name and will retain virtually all of NetSet’s employees and business operations in both Brandon and Winnipeg.
Roynat Equity Partners has been a shareholder of NetSet since 2014, providing value-added capital to help the company rapidly grow its geographic footprint and subscriber base throughout the province.
Rosewood Private Investments (RPI) has acquired a majority equity in ProTec Laboratory (ProTec), a provider of contract manufacturing services to consumer brands in the dietary supplements, sports nutrition, functional foods, and pet care products industries.
The investment in ProTec represents the third within RPI’s holding company, International Nutrition & Wellness Holdings (INW Holdings), and the second this year under INW Holdings CEO Paul Richardson. In July, INW acquired Irving, Texas-based contract manufacturer, Healthy Natural, Inc. (Healthy Natural), from Rice-Bran Technologies. INW also holds an ownership stake in United I International Laboratories (“United I”), a Carrollton, Texas-based manufacturer of dietary supplements, sports nutrition and personal care products. Together the companies offer an array of manufacturing capabilities and serve
The State Street Global Exchange SM Private Equity Index (GXPEI) ended the second quarter of 2017 with continued strong performance of 3.96 per cent, in line with the 3.95 per cent return posted in the first quarter.
The GXPEI is based on directly-sourced limited partnership data and represents more than USD2.5 trillion in private equity investments, with more than 2,800 unique private equity partnerships, as of 30 June 2017.
“European funds had a very strong quarter, partly driven by a weaker US dollar,” says Will Kinlaw, senior managing director and global head of State Street Associates®, a division of
Vestar Capital Partners (Vestar) is to acquire to acquire Nonni’s Food Group (Nonni’s), a manufacturer of artisanal biscuits and other baked snacks from Wind Point Partners.
Terms of the transaction, which is expected to close in the fourth quarter of 2017, have not been disclosed.
Nonni’s products are marketed under the Nonni’s, THINaddictives, and La Dolce Vita brand names, and sold through a diverse distribution platform that includes major customers in club, grocery, mass market, foodservice, and online retailing.
“Our partnership with Wind Point has been extraordinarily successful and we thank them for their support and contributions to
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