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European private equity firm Cinven is is to sell in-vitro diagnostics protein testing business Sebia to a consortium led by Montagu Private Equity and Astorg Partners for an undisclosed figure.
The transaction will generate a 2.4x return on Cinven's original investment.
During Cinven’s ownership and under chief executive Benoit Adelus' team leadership Sebia has expanded its operations into the US and emerging markets resulting in significant revenue increase comprising 21 per cent and 23 per cent of total revenue respectively at the end of LTM April 2014.
The company also launched major products such as a diabetes test
SL Capital Partners is bolstering its operational team with the promotion to partner of chief operating officer Ian Harris and the appointment of David Thompson as legal director.
As a partner, Harris will continue to lead SL Capital’s finance, operations and fund administration teams and the oversight of third party relationships. He will also focus on advancing the firm’s industry-leading regulatory, tax and compliance programmes in a rapidly changing global environment.
SL Capital was one of the first private equity firms in the UK to become authorised by the FCA in July 2013 under the new Alternative Investment Fund
Venture capital firm Osprey Capital is making an investment into GovToday, the public sector media platform.
Having raised over GBP700,000 last year, including an initial round of investment from Osprey and a grant from the North West Fund for Digital & Creative, the latest fundraising has seen a small group of investors commit a further GBP500,000.
Along with Osprey, a significant proportion of this funding has come from the Greater Manchester Loan Fund, managed by Maven Capital Partners.
GovToday, which incorporates an online portal engaging with the public, private and third sectors as well as a programme of
UK budget gym operator The Gym Group has appointed Jim Graham as chief operating officer (COO).
Graham joined the business on 1 May 2014 after leaving Phoenix Equity Partners, the group’s majority shareholder, where he has advised the management teams of a diverse range of Phoenix investments, including The Gym, to drive shareholder value.
Prior to joining the private equity industry, he was the managing director of Orange’s pay-as-you-go mobile business and has previously also held a role as a management consultant and an engineer in the Royal Navy.
John Treharne, CEO of The Gym Group, says: “We
Private equity firm NorthEdge Capital has committed to invest in Utiligroup, a Lancashire-based data management software and services company, pending approval from parent company Bglobal’s shareholders.
Founded in 1997, the business, located in Chorley, provides data management software and services to the energy sector. Utiligroup has helped a total of 15 new businesses enter the energy market during the last four years and supplies software and services to 29 of the active UK energy suppliers, including OVO Energy and Co-Operative Energy.
Following a strategic review, Matthew Hirst, Utiligroup chief executive, and Andrew Green, chief operating officer, are leading the
Mid-market private equity house LDC has agreed to back the GBP45 million management buyout (MBO) of Anite Travel Limited.
Anite Travel specialises in providing reservation systems to tour operators such as TUI and Thomas Cook.
Anite plc’s stated strategy is to focus on developing its leading position in wireless test solutions, leading to the decision to solicit offers for Anite Travel. Anite plc’s board chose LDC as the most appropriate backer for the MBO of Anite Travel as a result of LDC’s commitment to continue to invest and develop Anite Travel for the benefits of its customers, employees and
Energy-focused private equity firm First Reserve’s Fund XIII has entered into a strategic cooperation with Hainan Zhenghe Industrial Group.
The parties plan to pursue oil and gas investment opportunities in China and Central Asia.
In addition, Zhenghe will act as a potential source of capital in support of First Reserve's participation in North American oil and gas upstream projects and will invest as a limited partner in First Reserve Fund XIII.
Zhenghe is a publicly listed company in China and focused on oil and gas exploration and production operations.
Financial terms of the agreement were not disclosed.
HighWire Press, a technology service provider to scholarly publishers and an auxiliary unit of Stanford University Libraries, has received a significant equity investment from private equity firm Accel-KKR.
The new partnership enables HighWire to further its investment in strategic initiatives and digital innovations in internet-based publishing.
The investment from Accel-KKR will enable HighWire Press to operate as a standalone enterprise. Accel-KKR will own a majority interest of the company and Stanford University will maintain a significant minority stake. Michael A. Keller, university librarian at Stanford, will serve as the Stanford representative on the HighWire Press board of directors.
Metric Capital Partners (MCP), the European private capital group, has invested in HTI High Tech Industries.
HTI Group, listed on the mid-market segment of the Vienna Stock Exchange and headquartered in St Marien, Upper Austria, is an international technological manufacturing group specialised in lightweight components in the fields of aluminium pressure die casting and plastic injection moulding.
HTI Group is active at four locations in Austria and Slovakia and has close project partnerships and established business relations with customers across Europe.
MCP’s investment supports the recapitalisation of HTI Group, which was achieved in close cooperation with its existing financing partners
Touch technology specialist Qeexo has closed its Series A funding round with USD2.3 million, led by Sierra Ventures.
Qeexo will use the funding to accelerate market adoption of FingerSense, the company's mobile software which distinguishes between touchscreen input from a fingertip, knuckle, nail or stylus.
"OEMs are always looking for software innovation that will radically improve the way devices are used, while adding power and simplicity simultaneously," says Sang Won Lee, Qeexo co-founder and CEO. "The current state of touch technology is not the pinnacle of the touchscreen experience. Multi-touch has been around since 2007 and we're elevating the
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