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Caltius Equity Partners has sold its equity interest in Impact Facility Services to Boston-based Audax Private Equity.
Impact is Caltius Equity’s third investment in the facilities services sector.
Impact is a provider of integrated fire and life safety services, including complementary self-perform and vendor-managed operations. During its ownership, Caltius Equity partnered with Impact’s management to expand operations through three strategic acquisitions, build a management team, and invest in technology to drive efficiencies and increase the company’s growth trajectory.
“Caltius Equity has been an excellent advisor and partner,” says Mike Lloyd, CEO of Impact. “They understood our vision of
UK mid-market private equity investor LDC has backed the secondary buyout of Addo Food Group, a chilled savoury pastry producer, in a transaction that marks an exit for Vision Capital.
LDC has invested to support Addo’s growth strategy, which will include further investment in product innovation, expansion into new markets through organic growth and potential acquisitions in adjacent markets.
Private investment fund Fullbrook Thorpe Investments, which is backed by Andy Leaver (former majority owner of Clinigen Group), invested alongside LDC.
Headquartered in Nottingham, Addo produces more than 287 million packs of chilled savoury pastry products every year. The
Shanghai-based private equity firm ClearVue Partners has held the final closing of its second fund ClearVue Partners II, exceeding its target with total committed capital of USD362 million.
Fund II will remain focused on investments in the fast growing consumer market in the Greater China region.
China’s total retail sales of consumer goods have grown by 10.4 per cent in 2016, reaching a total of RMB33.23 trillion (USD4.84 trillion), which is the highest globally. Against the backdrop of consumption elevation, growth of high-quality and upgraded products is soaring.
“Domestic consumption contributed more than 72 per cent for the
Nasdaq has launched a venture investment programme, Nasdaq Ventures, dedicated to discovering, investing in and partnering with fintech companies worldwide.
The programmes main objective is to identify and collaborate on new technologies and groundbreaking services and solutions which align with Nasdaq's clients' needs and the company's long-term objectives in the global capital markets.
"With the launch of our new venture investment program, we are reinforcing our focus on driving growth and innovation by evaluating, distributing, licensing and integrating disruptive technologies for the long-term benefit of our global clients," says Adena Friedman, president and CEO, Nasdaq. "Investing in pioneering fintech
Conway Investment Research has acquired operational control of the Guggenheim Alternatives Platform from GP Feeder Fund Management.
The platform, which provides qualified investors access to global alternative investment solutions, is now known as the Conway Alternatives Platform.
Conway is a St Louis-based registered investment adviser which provides customised investment research and solutions to its clients including multi-family offices, wealth management groups, trust companies, financial planning firms, endowments and foundations. The firm was established by a team of investment professionals to offer capital markets research, dynamic asset allocation modelling as well as due diligence and monitoring of top money managers
Botswana is the most attractive economy for investments flowing into the African continent, according to the latest Africa Investment Index 2016 by Quantum Global’s independent research arm, Quantum Global Research Lab.
According to the Index, Botswana scores highly based on a range of factors that include improved credit rating, current account ratio, import cover and ease of doing business.
Prof Mthuli Ncube, head of Quantum Global Research Lab, says: “Despite considerable external challenges and the fall in oil prices, many of the African nations are demonstrating an increased willingness to achieve sustainable growth by diversifying their economies and introducing favourable
Audax Private Equity has partnered with management to acquire Impact Facility Services, d/b/a Academy Fire Life Safety, from Caltius Equity Partners, a private equity firm based in Los Angeles.
Terms of the transaction have not been disclosed.
Academy, headquartered in Maspeth, NY and Long Beach, CA, is a provider of fire and life safety services to national, regional, and local customers across retail, hospitality, healthcare, industrial, and other end markets. Academy offers inspection, service, customised work orders, and installation for fire alarms, sprinklers, fire extinguishers, and other fire suppression systems.
Geoffrey Rehnert, co-CEO of Audax, says: “Academy is
Law firm Browne Jacobson has advised on the sale of Hangar Seven to The Hut Group, a European online retailer of premium, non-perishable FMCG products for the health and beauty sectors, for an undisclosed consideration.
Corporate finance lawyers Richard Medd and Vicky Gaskell advised the shareholders on the disposal of the business which will see Midland’s based investment fund Catapult Venture Managers exit the business.
Leicestershire based Catapult is an independent venture capital fund manager which specialises in providing early, middle, and late stage growth capital to SME businesses in the healthcare, pharmaceuticals, luxury consumer brands, manufacturing and software
Vanuatu coffee producer Tanna Coffee has secured a AUD656,000 investment from impact investors.
Facilitated by The Difference Incubator (TDi), the private capital injection will help grow Tanna Coffee’s output five-fold, supporting more than 750 farmers and their families on the remote island.
The investment was made possible by the Pacific Investment Readiness Pilot, a partnership between TDi and the Department of Foreign Affairs and Trade (DFAT), which helps create investable opportunities for impact investors. The investment is the second capital injection into the Pacific made by the Genesis Impact Fund, set up by TDi’s partner Benefit Capital.
As
Synpromics, a synthetic promoter and gene control company, has completed a financing round of GBP5.2 million led by existing investors Calculus Capital, the Scottish Investment Bank, the investment arm of Scottish Enterprise and private shareholders.
Synpromics has grown rapidly over the past two years as it expanded its portfolio of international customers. These include leading gene therapy companies and multinational technology corporations, most recently GE Healthcare.
The majority of the new investment will be used to further develop and exemplify Synpromics proprietary PromPT synthetic promoter design platform. PromPT enables the design of unique synthetic promoters which give precise control
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