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Sterling Partners, a growth-oriented private equity firm, has acquired PlattForm Advertising, a provider of marketing and enrolment-management services to colleges and universities.
Financial details of the transaction have not been disclosed.
PlattForm provides a full suite of marketing services to manage and execute all aspects of a school’s marketing strategy. Through the use of rigorous data and analytics, PlattForm creates, manages and executes mission-critical marketing campaigns for both career schools and traditional colleges and universities.
Michael Platt, founder and chairman of PlattForm, is partnering with Sterling in this transaction and will retain an equity interest in the company.
“Sterling Partners
Actis, a pan-emerging markets private equity firm, has made a minority investment in Nanjing Micro-Tech, a manufacturer of medical equipment to Chinese and international hospitals and surgeries.
This investment builds on Actis’s track record of healthcare investments in India.
Nanjing Micro-Tech was founded in 2000 and has since grown to become the largest local player in the Chinese endoscopy consumable sector. It also has the leading market position in non-vascular stents and disposable biopsy forceps in China. Nanjing Micro-Tech has approximately 120 distributors and particular strength in Jiangsu, Shanghai, Zhejiang and Shandong.
The healthcare sector is increasingly attractive
Per Strömberg, chief executive of Nordic retailer ICA, is to join the board of Segulah Advisor.
Strömberg (pictured) has been an industrial adviser to Segulah since 2009.
In addition, Christian Tegenmark has been promoted to junior partner. Tegenmark joined Segulah Advisor in 2004 from PwC.
Marcus Planting-Bergloo has also been promoted to junior partner. Planting-Bergloo joined Segulah Advisor in 2007 from management consultants Occam Associates.
Finally Linda Wikholm, who joined Segulah Advisor in 2003, has been promoted to accountant.
PureCars has raised USD5m of new equity capital from Gemini Investors and Stage 1 Ventures.
This financing will allow PureCars to enhance and expand its services and product offerings to its rapidly growing family of automotive dealerships.
PureCars’ mission has been to work alongside automotive dealerships, from single rooftop stores to top nationwide dealer groups, helping dealerships optimise returns on digital marketing and increase sales.
PureCars was co-founded by Jeremy Anspach, its president and chief executive.
"I’m extremely proud of the PureCars team, what we’ve accomplished, and what is to come,” he says. “I’ve always known our company’s success starts
Fiscal union is critical to the survival of the euro, says Michael Hasenstab (pictured), Portfolio Manager and Co-Director of the International Bond Department at Franklin Templeton Fixed Income Group…
Despite on-going market volatility, we have continued to position ourselves to seek to manage the interest-rate risks that we expect from the combination of historically low interest rates and easy monetary policy in the G-3 (i.e., the United States, the Eurozone and Japan), rising price pressures emanating from China and global demand that we believe is far from collapsing. Thus, we have generally been quite defensive with regard to interest-rate risk,
American Eagle Energy has sold four million shares of its restricted common stock to Power Energy Holdings.
The purchase price was USD1.00 per share and the transaction closed on 4 January 2013.
The per-share sale price represents an approximate 22 per cent premium to the 31 December 2012 closing price of American Eagle’s common stock.
In two other separate agreements, American Eagle granted options to Power Energy Partners, an affiliate of Power Energy Holdings, to purchase 10 per cent of either or both of the two Spyglass Property acquisitions, one of which was announced on 3 January and the other
Templeton Emerging Markets Group has made a successful exit from all investments held in the Templeton Strategic Emerging Markets Fund II (TSEMF II).
TSEMF II was established in 2005 and is led by Mark Mobius, executive chairman of Templeton Emerging Markets Group.
The USD132.5m TSEMF II generated a net internal rate of return (IRR) of 34.3 per cent (net of all expenses and fees including performance fee), and a net multiple of cost of 2.1 times. All 12 investments were fully exited in less than 7.5 years since the fund’s initial close.
The fund made private equity investments
Private equity firm Arsenal Capital Partners’ portfolio company WIRB-Copernicus Group has acquired Research Dataware, the software developer and provider of IRBNet, an application supporting institutional review boards (IRBs).
Based in Massachusetts, Research Dataware enables research organisations to comply with regulations and efficiently manage the process and documentation complexities required by federal and state regulations.
Launched in 2005 as a web-based, software-as-a-service (SaaS) application, IRBNet is now the most widely used electronic solution for managing the research compliance practices of institutions that conduct clinical research. IRBNet has more than 90,000 users within 1,700 hospitals, research sites, defence department facilities, universities and
Advise Technologies, a software solutions provider for global regulatory compliance, saw rapid growth during 2012.
Advise secured significant new client gains across the US fuelled by demand for its solutions, including its Consensus RMS suite of regulatory reporting tools.
A majority of first-round Form PF filers in the industry successfully filed using Advise’s Consensus RMS suite in July/August, and again in October/November.
In response to this demand and to help private funds prepare for the Alternative Investment Fund Managers Directive (AIFMD), Advise plans to open an office in Europe in 2013. The company continues to add global sales and
A combination of cash-rich corporates, increasingly bullish private equity houses and improving liquidity within capital markets will see UK tech M&A continue to outperform the broader market in 2013.
2012 was itself a positive year, with deal values reaching GBP8.3bn in the UK – and with sentiment towards the sector increasingly positive, 2013 is expected to see further momentum.
According to BDO’s report, On The Hunt For IP – Tech Businesses Go Shopping, the purchasing of intellectual property is a key trend in M&A currently, and patent acquisition is set to drive deal volumes upwards in 2013.
2012 saw
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