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Private equity firm Encore Consumer Capital has closed its third fund at the hard cap with USD260 million of commitments, exceeding its target fund size of USD225 million.
"We are extremely grateful for the continued support we have received from our loyal investor base and excited by the new world-class pension plans, endowments and family offices that have partnered with us. We look forward to continuing to capitalise on our investing and operating experience to accelerate the growth of leading consumer products companies," says Robert Brown, a Managing Director and Co-Founder of Encore.
"Encore's talented and experienced investment team, along
Boston-based private equity investor Bunker Hill Capital has acquired ASPEQ Heating Group, a manufacturer of highly engineered electric-heating and thermal-management technologies.
In addition to Bunker Hill Capital and other co-investors, majority-holder of ASPEQ, John Eulich, and ASPEQ’s senior management team both reinvested meaningful proceeds in the deal.
ASPEQ’s highly engineered designs, sold under the INDEECO, Heatrex and AccuTherm brands, are value-added solutions versus more standardised, higher-volume heating elements. ASPEQ’s brands are among the most recognisable in the industry, with an established reputation for performance, quality, reliability and innovation at competitive prices. The Company’s broad product portfolio comprises thousands of unique
Chrome River Technologies, a provider of online expense reporting and automated invoice processing software, has raised USD100 million from Great Hill Partners in a Series D funding round.
Chrome River will use the funds to accelerate its growth globally and support continued product innovation.
“We have seen tremendous traction in the last 12 months, particularly with large enterprises that are under increasing pressure to improve their business processes, control costs and provide configurable financial controls,” says Alan Rich (pictured), Chrome River co-founder and CEO. “We have a clear vision of how we can build on this momentum to bring
Private equity firm Parthenon Capital Partners has recapitalised Stratose, a provider of healthcare cost containment solutions for medical, dental and workers’ compensation payers, third-party administrators, self-funded entities and risk-bearing providers.
The Company will be owned by affiliates of Parthenon and the existing Stratose shareholders, all of whom retained meaningful ownership stakes.
“We are excited to partner with Parthenon to pursue our growth strategy and to continue to provide market-leading solutions that help our clients achieve significant savings,” says Sean Smith (pictured), Stratose’s Co-Founder and Chairman. “We believe Parthenon’s extensive investment experience in healthcare and deep understanding of the complex
Lyxor Asset Management has cemented a reputation for its hedge fund solutions expertise, but as regulation and investor preferences change, the firm has evolved to offer multi-management solutions to support investors in fund selection, portfolio construction and infrastructure services.
Lyxor’s multi-manager solutions draw on the broad range of underlying investments on Lyxor’s investment platform including managed accounts, external hedge funds, ETFs and mutual funds.
The result is a range of commingled, dedicated and advisory solutions that spans the spectrum of liquidity, risk/return and strategy options to support global investors in meeting their idiosyncratic needs.
“There have been a number of
Affiliates of private investment firm Bain Capital have completed the acquisition of TI Automotive, a provider of automotive fluid storage, carrying and delivery systems for passenger cars and light trucks.
Financial terms of the private transaction, which was previously announced on 27 January, 2015, have not been disclosed.
TI Automotive has its corporate offices in Auburn Hills, Michigan and has facilities in 29 countries with highly diversified sales in every key market. TI Automotive has a broad yet exclusive focus on vehicle fluid management, and major global product areas include Fluid Carrying Systems, Tank Systems, Pump and Module Systems,
Private equity firm HIG Capital’s portfolio company, Lexmark Carpet Mills, has completed the acquisition of Northwest Carpet, a manufacturer of broadloom carpet for hospitality, residential and niche commercial applications.
Todd White, CEO of Lexmark, says: “Northwest represents an attractive acquisition as we continue to grow our business. There are significant synergies and opportunities to enhance our design and service capabilities for our customers.”
Ricky Stokes (pictured), Managing Director of HIG Capital, says: “Northwest is an industry leader with a long track record of producing high quality, design-focused broadloom carpet targeted exclusively at the hospitality market. Northwest and Lexmark are
Privaty equity firm CVC Capital Partners (CVC) is in exclusive discussions with Astorg Partners (Astorg) regarding the acquisition of Linxens.
Headquartered in France, Linxens designs and manufactures smart card connectors.
Linxens has 1,100 employees, five manufacturing facilities and three research and development centres in Europe and Asia. The Company’s connector products are a vital component of smartcards, enabling the communication and transactions that are central to a wide range of consumer, financial and public sector applications, including banking cards, SIMs for mobile telephony, ID and health cards, to name a few.
SL Capital Partners has agreed to acquire 100 per cent of Nordic Power AS from Nordkraft AS, the Narvik based energy group with interests in Northern Norway.
Nordkraft’s core business is the development, construction, production and distribution of natural renewable energy through hydropower and wind power. The Nordic Power portfolio of hydropower assets will be acquired by private markets specialist SL Capital, funded through SL Capital Infrastructure I (SLCI I), its infrastructure fund. The disposal provides Nordkraft with capital to continue its development program.
SLCI I is focused on investing in core infrastructure assets in Europe and this acquisition
Pamplona Capital Management is to acquire Precyse, a leader in Health Information Management services, education and technology, from Altaris Capital Partners and NewSpring Capital.
Precyse’s industry-leading expertise and technologies empower healthcare organizations to most effectively capture, organize, secure and analyze clinical data to improve financial performance and the quality of care delivered.
Precyse, founded in 1999, has enabled nearly 5,000 healthcare facilities and systems across the United States to improve efficiency and deliver tangible outcomes. The company delivers a robust combination of experienced, highly trained people; premier technology solutions; and industry-leading education, targeted at all clinical and financial aspects of
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