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An affiliate of private equity group Warburg Pincus is to acquire Wencor Group, a designer, repair provider and distributor of aftermarket aerospace components, from Odyssey Investment Partners.
Terms of the transaction have not been disclosed.
Headquartered in Springville, Utah, Wencor is a provider of aftermarket components to the commercial, military and general aviation aircraft sectors. Customers include commercial airlines and maintenance, repair and overhaul (MRO) providers. Wencor's aftermarket distribution business provides a channel to more than 3,700 customers around the world.
"We are excited to have Warburg Pincus as our partner for the next chapter in the company's growth
Private equity firm Winona Capital Management has formed a strategic partnership with Chicago-based integrated marketing services firm Schafer Condon Carter (SCC).
The partnership will provide brand planning and creative services for both existing businesses as well as potential acquisitions of consumer-facing brands.
The partnership teams Winona Capital Management, an aggressive player in the mid-size private equity market primarily focused on consumer-branded companies from USD10 million to USD100 million in sales, with SCC, an independent agency with a portfolio of consumer branded clients across numerous product categories.
"Our business is all about building brands, and providing growth capital to
Pritzker Group Private Capital has added two executives to its investment and operations teams.
Veteran manufacturing executive Bill Denton will join as a senior advisor and Chris Trick, formerly of KRG Capital Partners, will serve as a vice-president.
Denton, chairman of Knape & Vogt Manufacturing Company, will work with the firm’s manufactured products operations team. Denton is the former president and CEO of Fiskars Brands, a global manufacturer and marketer of consumer products, and he spent 25 years with Newell Rubbermaid in senior executive roles.
Denton will work closely with Milestone AV Technologies, which designs, markets and distributes
Low-cost airline Wizz Air, the largest budget airline in Central and Eastern Europe, is to float on the London Stock Exchange.
Wizz Air, whose network spans 35 countries from 17 bases in nine Central and Eastern Europe, intends to apply for admission of its ordinary shares to the premium segment of the Official List of the Financial Conduct Authority and to trading on the main market for listed securities of the London Stock Exchange.
The global offer will comprise an offer of new ordinary shares by the company to raise gross proceeds of approximately EUR200 million, and the sale
A year after its formal launch, the London Fund has secured over GBP28m of investment for 13 London businesses representing an investment rate in excess of one per month.
The companies include:
• Appear Here – an online service connecting landlord’s vacant spaces to people with ideas
• Boticca – an online marketplace for luxury fashion accessories
• Gousto – a home delivery service
• Somo – the world’s largest independent, full service mobile marketing specialist
• Wool and the Gang – a global fashion brand
• MBA & Company – a service connecting short-term consultancy projects to high quality independent professionals in that field
• Masabi – mobile
Private equity and management service firm Current Capital has appointed two more executives to its advisory board.
They are Salvatore D. Fazzolari, the former chairman, president and chief executive officer of Harsco Corporation, and Mary Jane Raymond, chief financial officer of II-VI Incorporated.
Jonathan F Foster, founder and managing director of Current Capital, says: “Sal and Mary Jane are more unique additions to our Advisory Board who will help us build on our first private equity investment, Stackpole International, an automotive supplier that we sold late last year creating a very significant return for our investors, and our now
Carrick Capital Partners has made a majority investment in the Procura Group of Companies, a multinational organisation specialising in healthcare software and solutions.
Procura will remain under the leadership of Scott Overhill, who has been promoted from president to chief executive officer.
Procura is a software vendor for home care, hospice, community, aged, disability and residential care organisations across the US, Canada and Australia. The organisation is comprised of Procura Home Care Solutions, Progresa Healthcare Systems, ContinuLink Homecare Software and Procura Australia (formerly PeoplePoint Solutions).
"Procura is well positioned to become a dominant player in the global home
London-based turnaround investor Rcapital has invested in McArthur, a wholesaler and distributor of building, agricultural, steel and security fencing products.
Based in Bristol with over 250 staff in eight sites across the UK, McArthur was founded over 170 years ago by the McArthur family.
Following a number of difficult years McArthur has restructured its business with the support of Rcapital and led by the chief executive Sam McArthur.
Sam McArthur says: “This deal has enabled us to create a solid platform for the future of our business. We have successfully resolved the underperformance of our Irish and manufacturing
The Carlyle Group has agreed to acquire a majority interest in Talent Partners, a New York-based talent payroll, production support services and rights management solutions provider to the advertising industry.
The transaction is subject to customary closing conditions and is expected to close in the second quarter of 2014. Equity for the investment will come from the Carlyle Equity Opportunity Fund.
In its nearly 50-year history, Talent Partners has grown from a specialty payroll company focused on commercial talent to a provider of more than 125 services, including talent negotiations and business affairs, traffic and clearance, rights and royalty
Northleaf Capital Partners has held the final closing of Northleaf Secondary Partners (NSP), its specialist private equity secondaries fund.
With strong support from both new and existing Northleaf investors, NSP raised USD255 million, surpassing its initial USD200 million target.
NSP will capitalise on attractive opportunities in the current market, building on Northleaf’s ten-year secondaries investment track record.
With the closing of NSP, Northleaf now has approximately USD600 million of capital available for secondary investments across its global private equity programme.
“Secondary investing has been a return enhancing component of our global private equity program since 2003,” says
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