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Abacus Group, a provider of hosted IT solutions for hedge funds and private equity funds, has launched AbacusVoice, a fully managed voice solution.
AbacusVoice offers the convenience of a hosted turnkey solution with always-on technical support, eliminating the need to invest in on-site systems and maintenance staff.
As budgets are squeezed across the industry, AbacusVoice enables firms to focus their resources on their core business rather than their telephony. AbacusVoice is a fully scalable all-in-one solution that allows firms to add and upgrade features seamlessly as they become available. All call traffic is routed over a secure private network,
Aurora Capital Group, a Los Angeles-based private equity firm, has acquired DuBois Chemicals, a provider of chemical solutions and services, from The Riverside Company.
Terms of the transaction have not been disclosed.
DuBois offers a broad range of customised chemical solutions which reduce downtime, minimise defects, extend equipment life and generate high return on investment for customers in mission-critical applications.
DuBois serves customers across a broad array of industries, including the industrial, transportation, pulp and paper and water markets.
Mark D Rosenbaum, partner of Aurora, says: "We look forward to working closely with Jeff Welsh and DuBois’ management team to
Private equity firm Arsenal Capital Partners is to acquire Dash Multi-Corp, a manufacturer of formulated polyurethane, vinyl plastisol, specialty coatings and recycled rubber products.
The acquisition of Dash represents the fifth acquisition by Arsenal’s specialty industrials group in 2012, as well as another example of the firm’s acquiring a company from its founder.
Founded in 1973 by Marvin S Wool, the St Louis-based company manufactures custom formulated plastics and chemicals, coated fabrics, and recycled rubber products and generates over USD100m in revenue. Concurrent with the acquisition by Arsenal Capital Partners, Dash’s coated fabrics operations will become a separate entity owned
The Business Development Bank of Canada’s venture capital arm has committed of CAD10m to the Atlantic Canada Regional Venture Fund, which is being set up to finance start-up companies in the IT, clean energy and healthcare sectors.
This contribution by Canada’s largest institutional venture capital investor brings to approximately CAD50m the total amount committed to date by the various partners to the fund, which is now open for business and actively seeking investment candidates throughout the Atlantic Provinces.
"There are many great ideas in the Atlantic Provinces waiting to become great companies", says Dominique Bélanger, a director in BDC Venture
Venture capital firm General Catalyst Partners has appointed Adam Valkin as a general partner in its Boston office, effective January 2013.
In this role, Valkin will focus on sourcing early stage investments and working with existing companies in General Catalyst’s portfolio by using his experience to mentor young entrepreneurs.
Valkin has spent the last 16 years working with early stage businesses in Europe, Israel and the US as an investor and entrepreneur. He joins General Catalyst from Accel Partners, where he was a venture partner in the firm’s London office focusing on investments in internet and mobile services. At Accel
Near field communications (NFC) specialist Tapit Media has completed a USD2.3m series A round led by MPC Ventures, a subsidiary of Sydney based Monash Private Capital.
Other investors in the consortium include IT entrepreneurs David Shein and David Thrum, as well as global venture capitalist Jon Medved’s ourcrowd.com.
The transaction marks one of the first NFC content delivery related series A rounds in the world and one of only a handful of series A transactions in Australia.
Tapit has created an enterprise grade NFC ecosystem to simplify the way people get content and information when they are out and
Activa Capital has become the largest shareholder in La Maison Bleue, alongside the company’s management in order to finance further organic growth and build-up acquisitions.
La Maison Bleue, which manages 3,200 places in 80 nurseries throughout France and employs over 1,000 child care professionals, was founded in 2004 by Sylvain Forestier, chief executive, and Antonia Ryckbosch, managing director.
La Maison Bleue is currently opening 20 new day care nurseries each year.
“The private sector runs 600 nurseries in France,” says Forestier. "At present this only represents six per cent of the total number of nurseries in France but we
Beechbrook Capital, a lower mid-market private debt manager, has now fully invested its first fund with the completion of four new transactions.
The recent investments are:
A unitranche loan and equity co-investment to support the buy-out by Baird Capital Europe and management of The SR Group, a global specialist recruitment firm.
A mezzanine loan and equity co-investment to support NBGI’s buyout of the cakes division of McCambridge.
A unitranche loan and equity co-investment to support the buy-out by a consortium of private investors of the GB division of Sitex Orbis, a leading provider of protection services to property owners.
Encore Consumer Capital, a consumer goods focused private equity firm, has closed its second fund with USD211m of commitments, exceeding its target fund size of USD200m.
Encore was founded in 2005 by experienced investors Robert Brown and Scott Sellers, and industry executive Gary Smith.
Encore Consumer Capital Fund II will continue to invest in lower middle market companies with leading positions in attractive segments of the consumer products industry.
The San Francisco-based firm secured commitments from a diversified investor base with the majority of commitments coming from investors in Encore Consumer Capital’s USD175m first fund. Encore II’s investors include endowments
Turnaround specialist RCapital has purchased the business, brand and assets of The Harley Medical Group, backing the incumbent management team.
The Harley Medical Group has grown over 30 years, providing surgical and non-surgical cosmetic procedures across the UK.
In 2011 the whole cosmetic surgery industry was hit by the fraudulent activity of the supplier of PIP implants. Whilst operations involving breast implants make up less than 25 per cent of the business, The Harley Medical Group did not have the financial resources to survive.
Jamie Constable, chief executive of RCapital, says: "Harley Medical Group, in the best interest
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