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Italian Angels for Growth (IAG), Zernike META Ventures, through the Ingenium Emilia Romagna II Fund, and Atlante Seed are to invest in the growth of CellPly, an Italian start up specialised in molecular diagnostics.
The overall investment will come to over EUR2m and will involve the same business team as well as venture capital funds and numerous business angels that will take part in the operation.
It represents one of the biggest seed capital investments carried out in Italy and seeks to contribute to the completion of the prototyping phase of the diagnostics platform developed by CellPly.
The
Private investment firm Inverness Graham Investments has completed its sale of lCCNexergy, a provider of rechargeable power solutions.
The sale of ICCNexergy generated a 5.5x gross cash-on-cash return and a 34 per cent gross IRR for Inverness Graham I.
Under Inverness Graham's ownership, ICCNexergy increased revenue by more than seven times and EBITDA by more than 15 times through both organic and acquisitive growth.
Inverness Graham initially invested in regional battery pack supplier EletriTek-AVT in 2007 and shortly thereafter acquired Nexergy, forming Nexergy Inc. Since then, the company has completed three add-on transactions. The 2010 merger of
Robeco Group is planning to focus on growth in the coming years having finalised a revised strategy for the 2014-2018 period.
Robeco been working on developing this revised strategy since the acquisition of a 90 per cent stake in the group by ORIX Corporation in July 2013.
Robeco’s strategy 2014-2018 will further build on the foundations laid in the previous strategy period. During that period Robeco’s assets under management have grown from EUR132bn at the start of 2010 to EUR205bn at the end of 2013, of which 47 per cent are institutional. The EBIT has increased by 84 per
JF Lehman & Company, a middle-market private equity firm focused on the defence, aerospace and maritime sectors, has added Thomas M Dyer to its operating executive board (OEB).
The OEB is a group of seasoned industry and government executives who have significant experience in the firm's target industries. Through key relationships and sector-specific knowledge, OEB members contribute to sourcing and evaluating transactions, advising on portfolio company strategy and recruiting senior level portfolio company management.
Dyer is a recognised leader in the fields of international maritime law and regulation, government contracting and foreign trade. Dyer's regulatory experience includes issues arising
HIG Capital’s portfolio company, Trinity Services Group, has completed the acquisition of Swanson Services Corporation, a provider of commissary products and integrated software services to correctional facilities.
Based in Denver, Colorado, Swanson has been owned and operated by three generations of the Swanson family since its founding in 1983. Over its 30 year history providing correctional fiduciary technology, Swanson has established a national presence with over 500 clients in 41 states.
“With the acquisition of Swanson completed, we are excited to expand our secure commissary operations to new markets and clients, while offering a growing array of services and
Integrated DNA Technologies (IDT) has secured a minority investment by growth equity investor Summit Partners.
IDT’s founder Dr Joseph Walder will remain the company’s majority owner.
Additional terms of the investment have not been disclosed.
IDT is the world’s largest manufacturer of custom nucleic acid products. The company supplies scientists with synthetic DNA and RNA sequences, serving the academic research, biotechnology, clinical diagnostics, and pharmaceutical sectors.
“Our success is based on the highest quality custom biology products, delivered quickly, and a significant investment in research and development,” says Dr Walder. “My team and I have gotten to
Hatteras Funds’ PE Intelligence Fund (HPEIX) is now available to financial advisors who use the mutual fund platforms at Charles Schwab, TD Ameritrade, Fidelity and Pershing.
The Hatteras PE Intelligence Fund, which launched on 13 November 2013, is a daily liquid alternative to private equity that is designed to provide access to returns similar to those that may be achieved through a global, broad-based investment in private equity buyout funds on a committed capital basis.
It is a turnkey solution for potential return enhancement based on proprietary buyout deal intelligence.
Through an exclusive relationship with Preqin, an alternative
Venture capital firm Highland Capital Partners has promoted Andy Hunt to partner.
In a move that strengthens the investment effort in New York, Hunt will continue to focus on sourcing and leading new investments in consumer technology and ecommerce.
"Andy understands the entrepreneurial journey, and as an insider to New York's start-up community he has demonstrated a great capacity to identify and engage with the next generation of technology leaders," says Bob Davis, partner with Highland. "This promotion recognises the meaningful achievements Andy has made to date and our confidence in his efforts going forward."
In addition to
Middle market private equity firm GI Partners has appointed David Smolen as general counsel and chief compliance officer.
In this role, Smolen will provide legal support, advice and guidance to GI on all legal and regulatory matters.
He will be based in GI's Menlo Park headquarters.
"We are very pleased to welcome David to GI Partners," says Rick Magnuson, GI's founder and executive managing director. "As we continue to grow, David will play a key role in spearheading our legal and compliance activities. His joining will enable GI to maintain our firm's high compliance standards and guide us
Goldman Sachs and Vestar Capital Partners are to acquire Hearthside Food Solutions, the largest independent bakery and contract food manufacturer in North America, from Wind Point Partners.
Terms of the transaction, which is expected to close in the second quarter of 2014, have not been disclosed. Goldman Sachs and Vestar will own equal stakes in the company.
Hearthside Food Solutions is the US’s largest independent bakery and a full-service contract manufacturer of grain-based food and snack products. Hearthside offers a product portfolio focused on four main platform categories – bars, cookies/crackers, granola/cereals, and snacks. The company manufactures more than
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