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Private equity firm CenterOak Partners has completed a majority investment in Wetzel’s Pretzels, the second largest owner and franchisor of soft pretzel stores.
Financial terms of the transaction have not been disclosed.
Headquartered in Pasadena, California, Wetzel’s Pretzels has been serving premium freshly baked soft pretzels since Bill Phelps and Rick Wetzel founded the company in 1994.
In addition to its signature hand-rolled soft pretzels, its menu includes Wetzel Dogs, Wetzel Bitz pretzel bites, fresh lemonade, granita and other beverages.
It has more than 300 company-owned and franchise locations in 28 states and six countries. Its stores
Sebastian Ehrnrooth has become managing partner at Segulah, having previously shared the role with Henrik Lif who is leaving the company.
Ehrnrooth has been with Segulah for 16 years.
Lif joined Segulah in 2014 and became co-managing partner in 2015. His responsibilities will be shared by the partner group consisting of Percy Calissendorff, Marcus Planting-Bergloo, Erik Thornell, Håkan Dahlin, Sebastian Ehrnrooth and Gabriel Urwitz.
”Henrik’s departure comes after a discussion in the partner group about the management of the firm. We appreciate Henrik’s contribution to Segulah and wish him the best of luck with future endeavours,” says Ehrnrooth.
Orrick has advised a consortium of international private equity firms, including Bessemer Venture Partners, Columbia Capital, HarbourVest Partners, Innova Capital, MC Partners and Oak Investment Partners, in the sale of Slovakian telecommunications provider Benestra to private equity house Sandberg Capital.
The deal, announced one 26 May 2016, has now closed.
Lead partner Shawn Atkinson has been advising members of the consortium of investors since they first acquired the assets of telecommunications service provider GTS Central Europe in 2007.
Following over six years of investing in GTS’s growth and building the company into one of the leading telecoms providers
The Russian Direct Investment Fund (RDIF) and Inventis Investment Holdings have agreed to establish a joint investment platform in Russia.
The platform will leverage the increasing cooperation between Russia and China from trade, economic, investment and technological standpoints.
Under the partnership agreement, the parties will jointly invest up to USD500 million, focusing on key sectors such as food and agriculture, consumer and retail trade.
Mining and processing of mineral resources, tourism, light industry, transport and infrastructure will also be primary targets.
Kirill Dmitriev, CEO of the RDIF, says: “This is an exciting opportunity to work with one
Team17, a games developer and publisher best known for the popular Worms franchise, has secured a GBP16.5 million investment from mid-market private equity firm LDC to fund its expansion.
With a 25-year heritage in developing games, retailing and publishing, Team17 creates and sells a range of titles worldwide through major digital distributors such as Sony, Microsoft, Steam, Apple and Google.
The business also works closely with third party developers to help bring their products to market, such as the highly-anticipated Yooka-Laylee game from Playtonic.
Founded in 1991 and headquartered in Wakefield and Nottingham, Team17 is led by CEO
Hong-Kong based private equity firm NewQuest Capital Partners has acquired Integreon, a provider of legal, document, business and research outsourcing, from LiveIt Investments and Actis.
Financial terms of the deal have not been disclosed.
Amit Gupta, partner and chief operating officer at NewQuest, says: “The Integreon transaction is an exciting opportunity to invest in a global leader with attractive growth prospects. Over the past few years, the business has achieved an exceptional market position and is poised to take advantage of its long-standing strong client relationships, its global delivery platforms, and deep experience in working with professional clientele. Integreon
McKay Brothers, a specialist in low latency networks, has secured an investment from trading firm IMC.
IMC will take a minority stake in McKay, providing capital for the improvement of McKay’s networks serving the latency sensitive trading community.
Financial terms of the agreement have not been disclosed.
Stéphane Tyč (pictured), McKay co-founder, says: “This agreement not only further strengthens our financial position, which will keep us ahead in terms of network speed and reach, and data coverage and quality, but, as importantly, maintains our autonomy. That’s great news for all of the trading firms that use our
Law firm Paul Hastings has advised Filtration Group, an affiliate of Chicago-based Madison Industries, on the GBP220 million acquisition of the Porous Technologies business of UK-based industrial group Essentra.
Essentra Porous Technologies is a producer and distributor of the essential components that control liquids and vapours in products used in homes, offices, operating rooms, and beyond.
Filtration serves a diverse set of customers with offerings that span life science, process technologies, fluid and environmental air applications.
The Paul Hastings team was led by corporate partner Ronan O’Sullivan in London, alongside partners Arun Birla and Garrett Hayes in London,
The Channel Islands Securities Exchange (CISE) has updated its listing rules to cater for a wider range of investment business.
Chapter 7 of the exchange’s listing rules has until now been dedicated to investment funds but going forward it will be titled “investment vehicles”.
This reflects an expansion of the rules to encompass all types of investment vehicles, including open and closed ended funds but also real estate investment trusts (REITs) and unregulated investment companies, along with the associated legal entities.
The other main change in the listing rules includes the adoption of a principles and guidance based
Private equity firm Vector Capital has sold Gerber Technology, a provider of integrated software and automated systems for the production of flexible materials, to American Industrial Partners.
Terms of the transaction have not been disclosed.
Headquartered in Tolland, Connecticut, Gerber Technology provides integrated software and system solutions to more than 78,000 customers across 130 countries in the aerospace, construction, furniture, fashion and apparel, transportation, technical textiles, packaging, wind energy, and sign and graphics industries.
Gerber Technology’s products and services are used by more than one-fifth of the Fortune 500.
In 2011, Vector Capital completed the take-private of
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