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Funds managed by Clayton, Dubilier & Rice (CD&R) are to acquire a majority stake in SunSource Holdings, a distributor of hydraulic and pneumatic fluid power products in the US and Canada. Terms of the transaction have not been disclosed.
SunSource serves a diverse customer base which includes more than 20,000 original equipment manufacturers and end users of hydraulic and pneumatic equipment. The company’s broad product portfolio of pumps, motors, valves, cylinders and components for use in mobile hydraulics and electronics, industrial hydraulics and pneumatics, automation and fluid process equipment exceeds 200,000 SKUs. SunSource serves equipment manufacturers and users across a
Sentinel Capital Partners, a private equity firm that invests in promising companies at the lower end of the middle market, has acquired Nekoosa, a manufacturer of specialty paper and film products used in the graphics and commercial print markets.
Terms of the deal have not been disclosed.
Headquartered in Nekoosa, Wisconsin, Nekoosa produces a comprehensive suite of specialty engineered materials in four key product areas: application and pressure sensitive tapes used to protect and transfer graphics onto surfaces such as store windows and commercial vehicles; specialty synthetic papers that offer a digitally printable tear-and-water-proof alternative to lamination; sheeted digital
Colin Morton, vice president, portfolio manager, Franklin UK Equity Income Fund and Franklin UK Rising Dividends Fund, comments in the Bank of Englands decision to raise interest rates…
With this interest rate rise, the Bank of England (BoE) has reversed an emergency measure put in place post Brexit that perhaps ended up being unnecessary, given that the expected recessionary environment and jump in unemployment has not materialised. Mark Carney’s creditability was on the line and today’s decision sidestepped any danger of him being accused of ‘crying wolf’ for a second time if no action was taken. Against that backdrop, today’s
The Bank of England has raised interest rates by a quarter point to 0.5 per cent, the first interest rate rise in a decade.
Commenting on the decision, Andrew Fowkes, Head of Retail Centre of Excellence, SAS UK & Ireland says: “Today’s decision to increase interest rates will be felt by consumers immediately.
“Some brands have already invested in the ability to respond to external events in real-time to survive and thrive. Our research shows that over half (55 per cent) of UK organisations use changes in financial markets to inform their customer interactions, with telco providers, insurance companies and
Lowell, a European credit management services provider backed by the Permira funds and The Ontario Teachers’ Pension Plan, is to create the second largest credit management services company in Europe through the acquisition of the carve-out business from Intrum.
The carve-out comprises Lindorff’s entire business in Denmark, Estonia, Finland, and Sweden as well as Intrum Justitia’s entire business in Norway and was specified by the European Commission as a condition of the combination of the two companies earlier this year.
The acquisition will create a leading pan-European credit management platform that benefits from significant scale and great regional, as
IK Investment Partners’ (IK) IK Small Cap I Fund has reached an agreement with Neue Verlagsgesellschaft, a subsidiary of BurdaDirect, to acquire Debitor Inkasso, a German provider of mass debt collection services, focused on recovering overdue claims and debts on behalf of its customers.
Founded in 1977, Debitor Inkasso offers a broad range of tailor-made debt collection services to its customers, primarily in the e-commerce/social media, insurance and publishing industries. With a highly automated and continuously refined collection process as well as a broad communication platform (including modern communication channels such as email, WhatsApp and SMS) Debitor Inkasso acts as
LightBay Capital, a Los Angeles-based private equity firm focused on middle-market opportunities, has appointed David Burcham as a Principal.
Burcham will be responsible for sourcing, analysing new investments, due diligence, deal process execution, and portfolio company management and monitoring.
Burcham brings a decade of direct investing and transaction experience to LightBay. Prior to joining the firm, Burcham spent more than eight years at Levine Leichtman Capital Partners (LLCP), where he most recently served as a Managing Director and led private equity and credit investments across several industries and in a variety of transaction types. He served on the boards
Private equity investor Mid Europa Partners is to acquire Hortex Group from funds advised by Argan Capital. Hortex is a leading consumer goods player in Poland, with a strong brand and heritage in the juice and frozen food sectors.
The Transaction is subject to customary competition authority clearance, and is expected to close in Q1 2018.
Pawel Padusinski, Partner and Co-Head of Mid Europa’s Warsaw office says: “Hortex is an iconic brand in Poland, and we believe there is potential to develop the business further through leveraging its strong foundation. We are excited about the prospects of Hortex and
Law firm Paul Hastings has added restructuring partner David Manson to the team based in the firm’s London office. Manson joins from White & Case where he was a partner.
“David’s expertise and relationships will be an asset to our growing London restructuring practice,” says Seth Zachary, chair of Paul Hastings. “He has played a major role on some of the most challenging global cross-border restructurings and our lawyers on both sides of the Atlantic are looking forward to working with him.”
Manson regularly advises banks, noteholders, funds, insolvency practitioners, and companies on all aspects of domestic and cross-border
Stage Capital (Stage), a private equity and real estate investor backed by funds managed by Goldman Sachs Asset Management and Glendower Capital, has sold three assets totalling over EUR350 million in value.
In total, the firm – which spun out from NBGI in October 2016 – has now realised 84 per cent of its invested capital since launch.
Stage continues to focus on maximising the value of its portfolio of investments, the latest phase of which comprises three major exits: Mermeren, The Mall and the Czech Logistics portfolio.
Mermeren is a global leader in the extraction and processing
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