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Middle-market private equity firm Calera Capital has completed the sale of United Site Services (USS) to Platinum Equity. Terms of the transaction have not been disclosed.
Calera Capital acquired a majority interest in United Site Services in August 2014.
United Site Services, based in Westborough, Massachusetts, is a leading provider of portable restrooms, temporary fence and related site services. The company serves customers throughout the United States through a network of more than 80 locations and the largest fleet of portable sanitation equipment in the country.
“We were very fortunate to have the opportunity to work together with
Century Park Capital Partners and Akoya Capital Partners have completed the sale of ICM Silicones Group (ICM) to the CHT Group (CHT), a specialty chemicals conglomerate headquartered in Germany.
ICM is a leading independent formulator and manufacturer of specialty silicone materials offering one of the market’s broadest portfolios of customised silicone products. ICM’s product catalog includes over 800 proprietary formulations spanning emulsions, elastomers, antifoams, gels and gums. The Company serves over 2,000 customers across the automotive, cosmetics, electronics, food processing, industrial, personal care and thermal management end markets. ICM is headquartered in Michigan and has additional manufacturing operations across the
Private equity fund administrator Gen II Fund Services has opened a new office in Boston, Massachusetts. In addition, the company has appointed Shaun Buckley, who will be based in Boston, as Managing Director.
Buckley comes to Gen II from State Street, where he had broad responsibility for private equity fund administration and reporting across an institutional client base.
The Boston office, located at 125 High Street in the city’s financial district, joins New York and San Francisco as the third client service centre for the Firm and reinforces Gen II’s commitment to unparalleled client service, delivered by the most
Solar Spectrum, a portfolio company of Hercules Capital, has merged with Horizon Solar Power, a designer and installer of residential and commercial solar systems in Southern California.
“We are very pleased to see Solar Spectrum’s management team, along with its new lead investor Northern Pacific Group, take quick, decisive, action since emerging from bankruptcy,” says Manuel Henriquez chairman and CEO of Hercules Capital. “The combination of the two companies will create one of the nation’s largest residential solar providers. In addition, Horizon Solar Power, led by its distinguished CEO Frank Kneller, has achieved an outstanding record of accomplishments and has
The Inspiring Travel Company, a maker of bespoke luxury holidays which is backed by private equity firm North Edge Capital, has boosted revenues by 13 per cent during a year of robust growth.
The Cheshire-based travel group featured in the BBC documentary The Millionaires’ Holiday Club, which provided a behind-the-scenes look into the world of luxury travel. This significantly raised the firm’s profile and helped it to achieve revenue of GBP92 million in the year to April 2017 – up from GBP81m the previous year. Profits also grew to GBP4.3 million from GBP3.9 million over the same period.
NorthEdge
DiscoverOrg, a B2B sales and marketing data provider majority owned by private equity firm TA Associates, has acquired RainKing in a cash transaction.
“The path to rapid revenue growth is paved with highly accurate, actionable, and predictive sales and marketing data, and the combination of RainKing and DiscoverOrg means that our joint customer base has access to an extraordinary portfolio of data, contextual buying insights, and predictive intelligence,” says Henry Schuck, DiscoverOrg CEO. “We are building a company that is to sales and marketing intelligence what Salesforce is to CRM.”
Starting immediately, new data will be brought into both
JCRA Group, a provider of hedging, financial risk and debt consultancy services, including interest rate and foreign exchange advice, has secured the backing of private investor clients of Connection Capital, the specialist private client investment business, for its GBP13.6million management buy-out (MBO).
Connection Capital clients invested GBP6.7 million in the deal, which will support JCRA’s management team in executing its business development plans: driving growth by maximising synergies within its business, continued geographic expansion across their existing areas of operation, and implementing technological enhancements to drive efficiency.
Founded in 1989, the company is now the market leader in its
Waterland Private Equity Investments (Waterland) has held the closing of its seventh institutional fund, Waterland Private Equity Fund VII (WPEF VII) at EUR2 billion, less than two months after its initial launch.
WPEF VII was considerably oversubscribed with demand exceeding the fundraising target significantly, attributable to continued strong support from existing investors combined with significant interest of new investors.
The fundraising attracted commitments from world class institutional investors from Europe (40 per cent), the United States (42 per cent), Middle East (6 per cent) and Asia Pacific (12 per cent). Public pension plans represent the largest proportion of the
Blackstone (NYSE:BX) has appointed Katsuyuki Kuki as Chairman and Representative Director for Japan. Kuki will advise and support Blackstone’s investing and capital raising efforts in Japan as the firm continues to expand its presence in the country.
Prior to Blackstone, Kuki was the Chairman of Banking at JP Morgan in Japan and spent nine years at the company in various leadership roles within their Investment Banking division. He began his career at the Japan Development Bank and at Shearson Lehman Hutton in New York, and has also held senior leadership positions at UBS Securities and Lehman Brothers in Japan. Kuki
International private equity firm, Cinven, has agreed to sell intellectual property (IP) management and technology company CPA Global to Leonard Green & Partners, US buyout firm, for an undisclosed figure.
CPA Global is the world’s leading provider of IP software, services and data & analytics for corporates and law firms. The business manages more than two million patents for more than 10,000 customers across the globe. The business has 23 offices worldwide and operates from its headquarters in Jersey, Channel Islands.
Cinven acquired CPA Global in March 2012 as part of its strategy of investing in world-class European-headquartered companies
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