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Israeli private equity fund FIMI Opportunity Fund is to acquire 40 per cent of Magal Security System’s shares from Ki Corporation at a price of USD3.50 per share.
Magal is a provider of solutions and products for physical and cyber security.
In addition, FIMI will pay Ki an additional consideration subject to the occurrence of certain conditions. Following consummation of the transaction, FIMI will be the largest shareholder of Magal.
The transaction is subject to certain conditions, including the approval of the Israeli Controller of Restrictive Trade Practices.
Gillon Beck, a senior partner in FIMI, says:
Private equity firm GTCR has acquired XIFIN, a California-based provider of cloud-based software and services to diagnostic service providers.
XIFIN's technology platform enables end-to-end connectivity from patient to payor, linking together the many stakeholders in healthcare delivery.
Since its founding, XIFIN's technology solutions have supported some of the US's largest and most complex diagnostics providers. The company's customers occupy a diverse set of industry segments, including molecular diagnostics, pain management/toxicology, anatomic pathology, radiology, hospital outreach, medical device and clinical laboratories.
XIFIN's core product is a cloud-based workflow application designed to help clients optimise billing and collection practices, automate
Albion Ventures has invested GBP2.5m in OmPrompt, a provider of the customer automation management solutions that streamline order-to-cash processes for global manufacturing companies.
OmPrompt launched its cloud-based service in 2005 and now leads the market for customer automation management in the consumer goods, medical device and logistics sectors.
Customers include Groupe Danone, Kellogg’s, Kimberly-Clark Corporation, Unilever, Medtronic, Smiths Medical and Stryker Corporation.
Robert Whitby-Smith, partner at Albion Ventures, says: “We are delighted to support OmPrompt’s next phase of growth. Worldwide the integration broking space is a multi-billion dollar market and expanding. Market forces will eliminate the wasteful and
The online English platform ABA English has closed its first funding round for USD3.4 million with the venture firm Nauta Capital.
ABA English specialises in online English teaching using a learning methodology, exclusive media content and its own developed interactive technology.
The Barcelona based e-learning start-up was launched in 2013 with new unique content and a new go-to-market approach. In its first year it reached one million students in 170 countries, with a particularly strong presence in Italy, France, Spain, Brazil and Mexico. The funding from Nauta will be devoted to accelerate ABA's growth and international expansion.
Jordi
Bedell Trust has received regulatory approval and a variation of permission from the Financial Conduct Authority (FCA) to provide depositary services to UK alternative investment funds (AIFs) as well as "depositary-lite" services to non-EEA AIFs from its London office.
Furthermore, Bedell has received regulatory approval from the Jersey Financial Services Commission (JFSC) to provide depositary services from its Jersey office to all JFSC regulatory categories of investment funds.
Bedell Trust is now able to provide full depositary services covering cash flow monitoring, safekeeping, and oversight responsibility to unregulated collective investment undertakings – specifically closed-ended AIFs of alternative investment fund
David Jorgenson has joined consulting firm mergers and acquisitions (M&A) specialist Equiteq as its global head of M&A, based in its New York office.
Jorgenson has advised business owners, shareholders and C-level executives on every aspect of growth and value realisation during his 20-year career as a technology consultant and investment banker.
He is an expert in every aspect of corporate financial advisory – from valuation, strategic financial advisory, public and private equity and debt financing, exit planning, M&A strategy and execution.
Jorgenson says: “Equiteq’s transactional M&A expertise offers unique value to consulting firms and the opportunity to
Bridges Ventures’ portfolio company Alina Homecare has acquired a homecare provider in the Midlands.
This is the second deal completed by Alina and follows the acquisition of a homecare provider in Hertfordshire in May this year.
Alina is continuing to invest in ‘greenfield’ branches and, in addition to the first branch that it opened on the South Coast in March, it is now opening a further two greenfield branches in the region.
Bridges announced its backing of Alina in May 2014 as the latest investment of the Bridges Sustainable Growth Fund III.
Alina aims to improve standards
Palamon Capital Partners is to acquire a majority interest The Simplify Group, which comprises conveyancing specialists Move with Us and DC Law and probate specialist the Chorus Law.
The terms of the transaction have not been disclosed.
Palamon’s investment in Simplify underlines its strategy to build the UK’s largest legal services provider, with multiple routes to market. The firm believes that changes in the UK legal market have created a significant opportunity to achieve this and embarked on its strategy in 2011 by investing in QualitySolicitors, the largest high street legal brand in the UK.
The fragmented UK high-street
Clairvest Group has held a final closing for Clairvest Equity Partners V and its parallel partnerships (CEP V).
Marketing of CEP V commenced in February 2014 with a fund target size of USD500 million.
CEP V closed at USD600 million, the fund's hard cap, and was materially oversubscribed.
Clairvest's commitment to the fund is USD180 million alongside USD420 million from third party investors.
"We are delighted to have a renewed commitment by many of our existing fund investors as well as to welcome several new investors to CEP V. We are pleased that the market was receptive
Thoma Bravo has completed its acquisition of Sparta Systems, a provider of enterprise quality management solutions, from current investors Summit Partners and Altaris Capital Partners.
Financial details have not been disclosed.
“Sparta is an established leader in the enterprise quality management solutions space, and we look forward to working with the company’s management team to identify and pursue future growth opportunities,” says Scott Crabill, a managing partner at Thoma Bravo. “We expect to help management further accelerate Sparta’s growth and expand the company’s geographical and sector reach.”
“We are excited to partner with Thoma Bravo, which has a
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