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Mooreland Partners acted as the exclusive financial advisor to iTAC Software on its sale to Durr Group.
Based in Montabaur, Germany, iTAC is a leader in industrial Internet of Things (IoT) software. The company combines expertise in the fields of IT and production technology, and has already equipped over 140 factories worldwide in various industry segments with its cloud-based MES software, iTAC.MES.Suite. Customers include carmakers and automotive component suppliers as well as major producers in the electronics, telecommunications and medical technology sectors.
"Powered by the industrial IoT, the global manufacturing sector is entering into a new phase of automation where
Karolinska Development AB has appointed experienced life science investor Viktor Drvota MD PhD as the firm’s new Chief Investment Officer.
Terje Kalland MD PhD, the Company's Deputy Chief Executive Officer and Chief Scientific Officer, will retire from both positions effective 31 December, 2015.
Dr Drvota joins Karolinska Development from SEB Venture Capital, where he has been Head of Life Science since 2002 and a senior investment manager. Prior to this he was a practising cardiologist at Huddinge University Hospital in Stockholm for 11 years, and since 2002, Associate Professor in Cardiology at Karolinska Institutet, Stockholm.
During his time with SEB
Gousto, the recipe box delivery company, has raised an additional GBP9 million bringing the total raised to date by the firm to GBP20 million.
Founded in 2012, Gousto delivers ingredients boxes for specific, suggested recipes. This latest investment includes GBP3m from BGF Ventures – the first investment for the GBP200 million fund since it opened its doors to early stage technology companies in the autumn of this year – alongside existing investors MMC Ventures, Unilever Ventures and the Angel Co-Fund.
Gousto is one of the UK’s fastest growing technology-based companies. Last month, it delivered more than 300,000 meals to homes
Private equity firm Arle CapitalPartners is to sell Stork, a provider of knowledge-based asset integrity services focusing on the Oil & Gas, Chemical and Power sectors, to Fluor Corporation (Fluor) for EUR695 million.
The sale of the business, formerly Stork Technical Services, represents a full exit from Stork Holdings BV. following the sale of Fokker Technologies to GKN for EUR706 million which was closed in October this year.
John Arney, Managing Partner of Arle, says: “We are delighted with the agreed sale of Stork to Fluor which delivers a full exit at an attractive valuation, fairly reflecting the high
Elian has formally completed its acquisition of SFM Europe. Merging Elian's existing International Finance team and the SFM Europe team, the combined service line will be made up of more than 150 employees, and it will be led by SFM Europe CEO, Robert Berry.
SFM Europe offers services for the management of securitisations, structured finance and asset finance to global banks, investment managers and blue chip corporates. The completion of this acquisition significantly bolsters and expands Elian’s international finance offering.
The deal, which was announced in September, brings Elian’s head count to 640 employees and increases its geographical spread
Mooreland Partners has acted as the exclusive financial advisor to iTAC Software on its sale to Durr Group.
Based in Montabaur, Germany, iTAC is a leader in industrial Internet of Things (IoT) software. The company combines expertise in the fields of IT and production technology, and has already equipped over 140 factories worldwide in various industry segments with its cloud-based MES software, iTAC.MES.Suite. Customers include carmakers and automotive component suppliers as well as major producers in the electronics, telecommunications and medical technology sectors.
"Powered by the industrial IoT, the global manufacturing sector is entering into a new phase of automation
Raiffeisen, the third-largest banking group in Switzerland and a partner of Avaloq since 2007, is acquiring 10 percent of the Avaloq group’s shares as part of a strategic plan by Avaloq to strengthen its capital base for upcoming opportunities.
As part of its growth strategy, the Avaloq group is expanding its number of shareholders and adding a strategic partner. Raiffeisen, one of the system-relevant banking groups in Switzerland and part of the Avaloq Community since 2007, is acquiring 10 percent of the Avaloq group’s treasury shares. With Raiffeisen’s investment in Avaloq, the two leading companies strengthen their existing partnership and
Monroe Capital has acted as sole lead arranger and administrative agent on a USD14.5 million senior credit facility to support the merger of Nelbud 360 Services Group and TEAM Services. Nelbud 360 Services is an existing portfolio company of Source Capital.
Based in Indianapolis, Indiana and founded in 1981, Nelbud 360 Services is a leading provider of commercial kitchen fire prevention and equipment maintenance including kitchen exhaust cleaning, technical services, fire protection services, and wastewater management. TEAM is a provider of full service electric and mechanical solutions including HVAC services, electrical, refrigeration, kitchen equipment, and plumbing and drain cleaning services.
Lee Equity Partners, a middle market buyout firm has closed the sale of PDR Network (PDR) to an affiliate of San Francisco based private equity firm Genstar Capital.
PDR, one of the most recognisable brands in healthcare, built the largest network to engage physicians, pharmacists, and patients with clinically relevant content in a targeted and measurable way. Lee Equity capitalised the company and merged two corporate carve outs: Physician’s Desk Reference and Healthcare Notification Network (HCNN) in 2009, and subsequently acquired LDM Group in 2014. Through these acquisitions and the launch of new products, the company transitioned from a legacy
Thomas H Lee Partners has closed a growth equity investment in Bargain Hunt Superstores (BH), an extreme value retail chain, through a recapitalisation transaction.
Members of the senior management team, including Founder and CEO, Robert Echols Jr, will retain equity stakes in the Company. Terms of the transaction were not disclosed.
THL will support BH’s continued growth and strong momentum by contributing resources and strategic expertise as the Company builds on its proven platform and executes on its strategic growth objectives. BH will draw heavily from THL's extensive retail experience to accelerate new store openings and further extend its
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