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Cloudreach, a company majority owned by Blackstone Tactical Opportunities, has acquired a majority stake in Philadelphia-based cloud computing analytics and migration automation leader Cloudamize. Terms of the transaction have not been disclosed.
The deal brings together two highly complementary and accomplished businesses that were both born in the cloud and have become leaders in their respective spaces. The combined company has a major presence in North America and the UK as well as operations in six other countries. Its combined expertise in cloud consulting, managed services and cloud enabling software form a wide breadth of support and services to enable,
Viscolube, a portfolio company of Stirling Square Capital Partners’ Third Fund, has acquired Bitolea Holding from Clessidra Capital Partners II (Clessidra).
Viscolube is the Italian leader in the used motor oil recycling sector, and a growing player in the hazardous waste collection and treatment sector in Italy. It operates two chemical plants which process over 170 thousand tonnes of used lubricant oil annually and an industrial waste collection network managing more than 140 thousand tonnes for more than 12,000 customers.
Bitolea is the leading Italian player in the treatment and recycling of solvents and other chemical waste, managing over
Ransomware threats are on the rise – WannaCry and Petya are just the beginning. To prevent future cyber threats from causing harm, financial and investment firms should employ security practices that include deep layers of protection. Here are five suggestions to keep in mind:
Back up. Unfortunately, hackers initiating ransomware attacks aren’t exactly on the up-and-up. After they’ve stolen your files and demanded a ransom, they claim files will be decrypted and restored – but those promises are typically dishonest. Odds are, even if you pay a ransom (which you shouldn’t!), your files won’t be decrypted. That means backups are
Alfatherm has sold its self-adhesive tape substrate business to Tekni-Plex.
The self-adhesive tape substrate business will be integrated into Tekni-Films Gallazzi, Tekni-Plex’s operation located in Gallarate (VA), Italy.
Marino Uberti, CEO of Alfatherm, says: “The divestiture of the adhesive tape substrate business is part of a broader strategic review. We will focus our growth on Alfatherm’s core sectors such as surface decoration, capsules and sleeves and films for the graphic art segment.”
Barings has acted as mandated lead arranger of a senior secured, multi-currency credit facility to support Battery Ventures’ continued buildout of its process-measurement platform through its acquisition of Rotronic AG.
Rotronic, based in Switzerland, is a global leader in the development and manufacture of humidity- and temperature-measurement and monitoring solutions used in manufacturing and other industrial processes. The firm joins Battery’s Process Sensing Technologies platform, which also includes Michell Instruments Group and Analytical Industries Inc.
“Battery Ventures appreciates the continued support of Barings’ global private finance group on the addition of Rotronic to the Process Sensing Technologies platform,” says
Carbo Ceramics is to sell Carbo Ceramics Cyprus Limited, which owns a proppant manufacturing facility in Kopeysk, Russia, to Petro Welt Technologies AG (PeWeTe).
The BCS Global Markets team acted as an exclusive financial advisor to Carbo Ceramics Inc. on the transaction.
Yuri Prilipov, Head of Investment Banking, BCS Global Markets, says: “We are highly pleased with the results of the deal and are looking forward to the full approval of the transaction by the Russian Federal Antimonopoly Service. We believe that it was a highly competitive process, with maximised coverage of the market and potential buyer’s universe, which
Branch Messenger, the employee self-service platform that offers enterprises unprecedented access to their frontline workers at scale while also empowering hourly shift workers to manage their work lives in real-time, has closed more than USD10 million in funding.
The funding includes a recently closed USD6.8 million Series A funding round led by March Capital Partners led the round with participation from CrossCut, Techstars Ventures, Matchstick Ventures, and other investors. Branch will use the funds to rapidly build its team to drive enterprise partnerships and to expand the base of shift workers worldwide who are already experiencing the benefits of its
An affiliate of CoBe Capital, a global private investment firm focused on operation of non-core and underperforming business units, has completed the acquisition of the Völker business from Hill-Rom Holdings.
Headquartered in Witten, Germany, Völker is a premier producer of high quality long-term care and acute care healthcare beds. Völker has been a market leader for decades and is well-known for developing a new generation of top-choice beds for occupants and caregivers alike. Continuous product innovation and process improvement are hallmarks of Völker, which employs nearly 250 people at its Witten-based production site.
Neal Cohen, CoBe Capital’s Founder and Managing Director,
Elevate Innovation Partners (EIP) has held the first close of its Venture Capital fund at USD15 million.
Consistent with EIP’s focus, the fund will seek to capitalise fintech, enterprise software, marketing analytics and new media platform startups that have validated business models and are generating revenue. The geographic focus is on the US East Coast with selective investments in India, Germany and Netherlands – all regions where the fund has local partners.
The general partners and board of EIP possess significant investment experience. Chairman and founding member of EIP’s board, Sridhar Chityala, has held executive management roles at JP
Cannon Safe, a specialist in residential safes, has partnered with private equity firm MidOcean Partners (MidOcean) to acquire Stack-On Products (Stack-On), a provider of secure storage and home organisation products.
The combined business will be led by Aaron Baker, Chief Executive Officer of Cannon Safe, who is maintaining a meaningful stake in the company.
Baker says: “Combining Cannon Safe and Stack-On creates a market leading platform that dramatically expands our presence in the residential safe and secure storage markets under these iconic brands and best-in-class products, positioning us to truly meet our stated goal of ‘A Safe in Every
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