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Altus Capital Partners, an investment firm focused on middle market manufacturing companies in the US, has acquired Nichols Portland, a division of Parker Hannifin Corporation.
Nichols Portland is a leading designer and manufacturer of precision powder metal fixed and variable displacement gears including gerotor gears and smart pumps for automotive and on-off highway and other industrial markets. Altus Capital along with the management team of Nichols Portland made this investment to participate in the expected growth of smart pump and advanced variable vane gears. The financial terms of the investment have not been disclosed.
Nichols Portland, was founded in
NVM Private Equity (NVM) has successfully exited from Control Risks Group Holdings (Control Risks), a specialist risk consultancy.
Control Risks, which was founded in 1975, offers a range of services addressing political risk, business intelligence, corporate and personal security and crisis response. Control Risks’ clients include corporations, governments and non-governmental organisations.
NVM and a syndicate of co-investors acquired a significant minority stake in Control Risks in 2011 and since then the investment has enabled the management team to continue driving the strong growth of the business as an independent company. Control Risks has undertaken a financial restructuring to create a
21 Concordia I, the Warsaw-based private equity fund of 21 Partners, has invested in Polish laundry services provider Hollywood SA.
Founded in 1995 by Andrzej Konieczkowski, Hollywood is the largest B2B laundry chain in Poland. Operating across six laundry facilities located in Northern and Central Poland, the company provides bed linen and work-wear laundry as well as rental services to hospitals, hotels and manufacturing companies. Hollywood makes use of the most modern and environmentally friendly equipment.
Hollywood boasts a proven track record of successful acquisitions, leading the consolidation of a highly fragmented Polish laundry market and developing a nationwide
VSS, a private investment firm focused on the information, tech-enabled business services, healthcare IT, and education industries, has completed the sale of its interest in flight operations software specialist Navtech Inc.
Navtech has been acquired by Airbus ProSky SAS, part of the Airbus group of companies.
Headquartered in Waterloo, Ontario, with offices in London and Cardiff, Navtech serves more than 400 aircraft operators and aviation services customers worldwide, with a suite of aeronautical products and services including charts, navigation data solutions, flight planning, aircraft performance and crew planning solutions. In 2015, VSS assisted Navtech with the acquisition of DW
Caledonian Optical, the lens manufacturing division of Duncan & Todd Group, is poised for expansion following the completion of a GBP1.3m refurbishment at its laboratory in Aberdeen, thanks to the support of BGF (Business Growth Fund).
Duncan & Todd has invested in state-of-the-art optical manufacturing equipment for the site, including a GBP500,000 in-house coating facility, making it the only Scotland-based prescription lens manufacturer to have this capability.
The company has also installed a second machine line, doubling the capacity in the laboratory. Installing the equipment has already cut turnaround times to market leading lows. This is part of a
Berkery Noyes has represented True Potential, an integrated investor and wealth management technology platform serving advisers and retail clients, in its growth equity investment from FTV Capital.
Founded in 2007 and headquartered in Newcastle-upon-Tyne, True Potential is one of the fastest growing and most innovative financial services groups in the UK.
For financial advisers, True Potential’s integrated MinorityShareTo technology platform delivers a full wealth management solution designed to streamline the entire investment process, featuring front to back end capabilities such as client on boarding, fee and commission reconciliation, client servicing support and a state-of-the-art client portal.
True Potential
Early stage venture capital firm Lightspeed Venture Partners has held the closings of Lightspeed Venture Partners XI (Fund XI) with USD715 million of committed capital and Lightspeed Venture Partners Select II (Select Fund II) with USD500 million of committed capital.
The new core fund is a continuation of Lightspeed's focus on supporting exceptional entrepreneurs in the Enterprise and Consumer sectors primarily in Seed, Series A and Series B rounds. For over two decades, Lightspeed partners have backed over 250 entrepreneurs that have pioneered and led new markets including, AppDynamics, DataStax, Fusion-io, Giphy, Grubhub, The Honest Company, MuleSoft, Nest, Nicira, Nimble
Harris & Harris Group, an investor in transformative companies enabled by disruptive science, is to begin offering limited numbers of accredited investors the opportunity to co-invest with with teh firm in its portfolio companies through a newly-formed co-investment fund that will be managed by Harris & Harris Group.
“A consistent question we heard from our shareholders and other attendees at our Meet the Portfolio Day events and in other conversations was, 'Can I invest directly in your portfolio companies?' As our portfolio companies grow, we have rights to invest in future rounds of financing if we so choose,” says Douglas
AlphaSense, provider of the AlphaSense search engine for financial professionals, has secured USD33 million in growth capital from Tribeca Venture Partners, Triangle Peak Partners, and Quantum Strategic Partners – a private investment vehicle managed by Soros Fund Management – as well as notable individual investors such as Tom Glocer, formerly CEO of Thomson Reuters.
AlphaSense launched its service in 2011 and today serves more than 400 investment firms, banks and corporations globally. AlphaSense will use the new capital for product advancement and for accelerating its growth in serving its core investment research and corporate intelligence markets, as well as its
Babson Capital Management, its subsidiaries Cornerstone Real Estate Advisers and Wood Creek Capital Management, and Baring Asset Management Limited, are planning to combine operations under the Barings brand.
The combination will create a global, multi-asset investment management firm with over USD260 billion of assets under management, offices in 20 countries, and over 1,700 professionals. The firm will be led by Tom Finke, current Chairman and CEO of Babson, and will be headquartered in Charlotte, North Carolina.
David Brennan, Chairman and CEO of Barings, who will retire as planned during the summer of 2016, says: “This is an exciting opportunity
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