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ICSH Parent, the parent company of Industrial Container Services, has been acquired by funds advised by private investment firm Centerbridge Partners, from affiliates of Aurora Capital Group.
With 49 facilities across the US and Canada, ICS collects, reconditions and distributes over 10 million steel, poly and intermediate bulk containers annually.
It is the only company capable of offering comprehensive services, including pickup and reconditioning of containers of all major packaging types, new container manufacturing and distribution, to customers nationally.
"We are excited to partner with Centerbridge," says Charles Veniez, chief executive officer and president of ICS. "Going forward,
CVC Capital Partners’ CVC Fund VI has agreed to acquire an 80 per cent stake in Breitling, a family-owned manufacturer of Swiss luxury watches.
Financial terms of the transaction have not been disclosed.
As part of the transaction, Théodore Schneider will re-invest for a 20 per cent shareholding in Breitling.
Founded in 1884, Breitling specialises in the development and manufacture of high-performance watches. The employs approximately 900 people and is headquartered in Grenchen, Switzerland. The company operates two manufacturing facilities, one in Grenchen and one in La Chaux-de-Fonds. Breitling watches are sold worldwide in exclusive boutiques and via
Sycamore Partners has acquired NBG Home, a global designer, manufacturer and marketer of affordable home décor products, from Kohlberg & Company.
NBG offers home décor products, including ready-made and custom framing, lighting, accent furniture, wall décor, and soft goods under a portfolio of leading brands.
The company serves a wide variety of retail clients, including mass merchants, specialty stores, discount stores, home centres, warehouse clubs, and internet retailers.
"The NBG management team has built the market leader in affordable home décor through a relentless focus on serving their retail partners and end consumers," says Peter Morrow, managing director
When it comes to cybersecurity, the list of potential gaps is expansive ranging from technology to human. To help identify where your firm may be lacking, here is a list of the top 10 most commonly identified gaps found during an IT audit/risk assessment.
Top 10 IT Security Gaps
Risk Management and Governance
IT Asset Management
Vulnerability Assessments
Patch Management
Social Engineering & User Training
Business Continuity Planning
Multi-Factor Authentication
Third Party Vendor Management
User Provisioning and Management
Incident Response Planning/Procedures
Risk Management and Governance – Responsibility and accountability for risk management starts in-house – and at the top. Even
Peer-to-peer finance platform Assetz Capital has appointed Mark Standley, the former branch manager at Handelsbanken Cardiff and Bridgend, to oversee the firm’s expansion plans for South Wales.
Prior to his time at Handelsbanken, Standley was with Barclays leading a mid and large corporate business development team across South Wales.
He has extensive experience in property investment, development, and supporting international and trading organisations of all sizes.
Stuart Law, CEO of Assetz Capital says: "At Assetz Capital a key focus for 2017 and beyond revolves around us having a strong regional relationship director network. This allows us to
IK Investment Partners’ IK VIII Fund has reached an agreement with Eurazeo PME and the management team to acquire a majority stake in Colisée Group, a specialist in the elderly care segment in France.
The management team as well as the founder will reinvest alongside IK.
Financial terms of the transaction are not disclosed and completion of the transaction is subject to regulatory approvals.
Colisée is a provider of nursing home and homecare services. With more than 90 nursing home facilities and 70 home care services agencies, the group has developed a geographical footprint across France, Italy, Spain,
Global fintech investment got off to a soft start in Q1 2017, with the total invested globally at USD3.2 billion, down from USD4.15 billion in Q4 2016, according to the Q1 2017 edition of The Pulse of Fintech – KPMG International's quarterly report on fintech investment.
Fintech M&A dropped in Q1 17, with USD920 million in deal volume – down from USD1.8 billion in the previous quarter, and less than half of the USD4 billion in funding in Q1 2016.
Venture capital funding to fintechs held relatively steady at USD2.3 billion in Q1 2017 – a solid result although
Snow Software, a provider of software asset management (SAM) and cloud spend management solutions, has secured a USD120 million investment from Sumeru Equity Partners (SEP) and Ontario Pension Board (OPB).
The investment will accelerate global expansion plans, enhance Snow’s offering across mobile and cloud platforms and drive new product innovation.
Existing shareholders, including CEO and co-founder Axel Kling, Snow employees and Vitruvian Partners, will continue to hold a majority shareholding in the business and remain fully committed to Snow’s evolution.
SEP managing directors, Jason Babcoke and George Kadifa, will join Snow’s board of directors.
Kling says: “We are
The Russian Direct Investment Fund (RDIF) and the Japan Bank for International Cooperation (JBIC) have agreed the key terms and conditions for the establishment and operation of Russia-Japan Investment Fund.
Through the fund and joint investment framework, the parties will jointly pursue and implement attractive investment projects as part of trade, economic and investment cooperation between Russia and Japan.
Both parties confirmed those terms and conditions on the sidelines of the meeting between Russian President Vladimir Putin and Prime Minister of Japan Shinzo Abe during the official visit of the Japanese government delegation to Russia.
RDIF and JBIC
ChromaCode has raised USD12 million in Series B funding led by New Enterprise Associates (NEA) with participation from existing investors Domain Associates, who led the Series A round in 2015, and Okapi Ventures.
The funding will be used to fuel development and establish the commercial infrastructure for ChromaCode's High-Definition Polymerase Chain Reaction technology (HDPCR). This software and assay technology leverages existing real-time PCR instruments and uses digital signal processing to improve molecular analysis.
The company has appointed co-founder Alex Dickinson as executive chairman. Dickinson joins the company from Illumina, where he was senior vice president of strategic initiatives and
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