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New York-based private equity firm Bregal Sagemount has made a significant growth investment in Steele Compliance Solutions the parent company of the Steele CIS and Securimate businesses.
The two companies are providers of third party management software and due diligence investigation services focused on the anti-bribery and anti-corruption (ABAC) compliance market, including The Foreign Corrupt Practices Act of 1977 (FCPA).
As a part of the transaction, the Company announced that founder Kenneth Kurtz will be promoted to the Chairman of the Advisory Board, and that Eric Lochner has been appointed CEO.
"We are very excited to be working with the
Yukon Partners (Yukon), a provider of mezzanine capital for middle market private equity transactions, has partnered with Northern Pacific Group (NPG) in its investment in United Language Group (ULG).
United Language Group, headquartered in Minneapolis, Minnesota, provides translation, localisation and other language-related business services to customers across a diverse array of end markets, including life sciences, manufacturing, legal/financial, IT, and hospitality. ULG was formed in 2015 by industry veterans Jeff Brink, Hans Fenstermacher, Greg Brink and later joined by CFO Karrie Willis, along with private equity backing from NPG, as a platform to assemble a family of complementary companies, with
Perusa Partners Fund 2, has sold Swedish SEM Group to Procuritas Capital Investors V LP. Perusa Partners acquired SEM in 2012 and over the last three years has seen the company increase its revenues by 30 per cent to circa EUR35 million while doubling its profits to circa EUR8 million.
Terms of the deal have not been disclosed.
SEM was founded in 1915 and is nowadays one of the world’s leading producers of electronic ignition and control systems for combustion engines, including heavy- and medium-duty vehicle engines, natural gas engines and small engines for handheld equipment. SEM serves its blue
Centaur Ventures, the mining and natural resources investment arm of investment holding company Centaur Holdings Ltd, has signed a USD100 million revolving credit facility with a UAE based private family office.
The funds will be used to expand the mining and natural resources projects of Centaur Mining predominantly in South Africa. Centaur’s Mining arm, which is based in South Africa, have received reserve bank approval for ZAR1.5 billion for the funds to be deployed in South Africa.
The deal, which was agreed at a 4 per cent coupon, will see Centaur’s Asset Management arm serve as the advisor to
Private equity and real estate fund administration specialist Augentius, has conducted new research which lays bare the extent of opposition to Brexit within the private equity and real estate industry around the globe.
In a survey of more than 200 Private Equity and Real Estate firms across Europe, the US and Asia, a clear majority of three quarters indicated their support for Remain. Among UK firms alone, the level of support for Remain is similar, at 73 per cent – far higher than among the wider UK electorate, with polls suggesting a tight race.
Interestingly, majority support for Remain
State Street Corporation’s GX Private Equity Index, a benchmark for comparative analysis of private equity performance, which includes a comprehensive data set dating back to 1980saw an overall return of 1.11 per cent in the last quarter of 2015.
“Private equity funds posted a modest recovery in the fourth quarter after a brief drop in the previous quarter,” says Will Kinlaw, senior managing director and global head of State Street Associates, part of State Street Global Exchange. “Overall we have seen relatively steady performance in private equity investments for the past few years. The biggest driver in the fourth quarter
Digital financial services investment and advisory firm Anthemis Group, and Exponential Ventures, the newly formed disruptive innovation and venture capital arm of MMI Holdings, have launched a global investment partnership that will invest in early stage financial wellness companies. MMI has provided the initial EUR30 million commitment while leaving room for other likeminded firms to join the initiative.
The investment partnership will operate on the principle that by supporting companies that improve the financial wellness of individuals and SMEs, investors can achieve ‘profit with purpose’ and help to create a prosperous and inclusive global growth economy. To that end, the
IGF Asset Based Lending (ABL) has facilitated the management buy-out (MBO) for Testing Solutions Group (TSG), with a GBP1.5million deal. The three-year facility, will be used for the acquisition and to provide ongoing working capital.
Established in 2002, TSG is a specialist software testing company that was formed to help ensure successful business outcomes for clients’ IT systems. The company provides assurance and testing solutions, certified and practical training and recruitment services, predominantly in financial services and law.
IGF ABL created a bespoke and short-timetable option for TSG, resulting in a GBP1.5million deal that included Accounts Receivable and a
Private equity firm General Atlantic has appointed Eric Zhang, former Global Partner and Managing Director of The Carlyle Group, as Managing Director and Head of China. Zhang will lead the firm’s investments in growth companies across China.
“We are excited to build upon our 16 years of experience partnering with leading entrepreneurs and growth companies in China,” says Bill Ford, Chief Executive Officer of General Atlantic. “Eric’s impressive track record in Asia, deep local expertise, and proven ability to invest in and partner with outstanding companies make him an ideal leader for our local team and long-term efforts in China.”
European mid-market buyout investor Equistone Partners Europe Limited has added Richard Briault-Hutter and Roman . Hegglin to its investment team.
Briault-Hutter, who begins his role as Investment Manager with immediate effect, joins Equistone’s London office from corporate advisory firm Duff & Phelps where he held the position of Director. Before this, he worked as an Associate Director at DC Advisory (formerly Close Brothers Corporate Finance), where he focused on the consumer and travel sectors within the firm’s M&A team. Briault-Hutter holds a BA in Economics from the University of Manchester.
Briault-Hutter’s appointment follows the recent appointment of Hegglin to
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