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Gresham Private Equity-backed ICR Integrity, an oil and gas industry asset integrity specialist, has acquired the Kendal-based mechanical services provider Moss Mechanical On Site Services Ltd (Moss).
This is the second acquisition made by Aberdeen-based ICR Integrity since the group’s formation in July 2011, following Gresham’s buyout of Walker Technical, a specialist in composite repairs to pipework and structural assets for the oil and gas industry.
In October 2011, ICR also acquired corrosion monitoring experts NECE.
Headquartered in Kendal, Cumbria, with operations in Aberdeen, Moss supplies a range of on-site mechanical services, including specialist machining, bolt tensioning and engineering
Funds advised by BC Partners have acquired the shares in the Aenova Group from private equity firm Bridgepoint.
Headquartered in Pähl, near Munich, the Aenova Group is a service provider in the pharmaceuticals and healthcare industry.
The purchase price was not disclosed. The acquisition is currently awaiting clearance from the competition authorities.
A team led by lead partner Udo Simmat advised BC Partners on all aspects of the international transaction from the start. With CMS Hasche Sigle in the lead role, the transaction was completed within a very short period in conjunction with CMS member firms in Switzerland, Romania and
OpenGamma, creators of the first open-source analytics and risk management platform for the financial services industry, has completed a USD15m series C round of equity financing led by new investor ICAP plc.
The round also includes follow-on investments from previous investors Accel Partners and FirstMark Capital.
OpenGamma will use the funding to drive continued product innovation, expand geographically to support its growing global client base, continue to support its active and growing open source community, and meet the significant market demand for advanced risk management and analytics systems. Demand has increased as regulation and growing data volumes push hedge funds
An affiliate of private investment firm HIG Capital has completed the acquisition of InterDent, a dental practice support organisation (DSO).
Headquartered in Inglewood, California, and operating primarily under the Gentle Dental brand name, InterDent provides support services to 145 affiliated dental offices in Arizona, California, Hawaii, Kansas, Nevada, Oklahoma, Oregon, and Washington.
InterDent’s network delivers dentistry to over one million patients annually, including general dentistry, orthodontics, periodontics, endodontics, pedodontics, prosthodontics, and oral surgery.
John Steinbrun, president and chief executive of InterDent, says: “We are excited about the HIG acquisition. Their investment supports our growth and enables the company to invest
By Geoff Cook, chief executive, Jersey Finance – Strange happenings seem be going on across the pond. Like many in our industry I was puzzled by the news headlines last night on Standard Chartered bank, an institution I have always held in high regard and one which I felt had managed to hang on to the best of its heritage in terms of business conduct.
SCB have been accused in the most extraordinary and colourful language by the New York State regulator of handling transactions linked to Iran in contravention of US laws. An extract from the regulators charge sheet
Asia Alternatives, one of the largest independent Asian private equity fund of funds, has held the final close of over USD1.5bn in new commitments across several fund vehicles.
The largest of the funds is Asia Alternatives Capital Partners III (AACP III), which closed above its target of USD800m, at USD908m of committed capital.
The other fund vehicles totalled approximately USD600m.
AACP III is the successor fund to Asia Alternatives Capital Partners II, which closed in September 2008, and Asia Alternatives Capital Partners, which closed in May 2007.
The funds are focused on building a diversified portfolio with an emphasis on
Care.com has closed USD50m in new funding, led by Institutional Venture Partners (IVP) and joined by existing investors Matrix Partners, New Enterprise Associates and Trinity Ventures among others.
Founded in 2006, Care.com has raised USD61m in previous rounds of financing.
The company, which has approximately seven million members in more than 15 countries, allows families to connect with millions of caregivers to help manage the lifecycle of care challenges families face: childcare, including special needs, senior care, pet care, housekeeping, tutoring, and more.
Earlier this year, Care.com embarked upon an international expansion campaign which to date has included the acquisition
Soft Surroundings, a direct marketer and specialty retailer of branded apparel, accessories, beauty products and home furnishings, has sold a majority interest in the business to private equity firm Brentwood Associates.
Soft Surroundings will continue to be actively managed by chief executive Tom Wilcher and president Robin Sheldon.
In partnership with Brentwood, the team will remain focused on building the lifestyle brand through expanding both the direct (catalogue and e-commerce) and retail channels.
Wilcher says: "We are proud of what we have achieved to date and are excited to bring on a value-added partner in Brentwood that will help us
Nexage, a mobile advertising exchange, has closed an additional USD5m in funding from Hearst Interactive Media.
With the USD5m financial investment, Hearst joins SingTel Innov8, Relay Ventures and GrandBanks Capital in Nexage’s Series B round totalling USD15m.
The mobile advertising market is expected to grow to USD20.6bn by 2015 according to Gartner. Mobile RTB is expected to fuel that growth and constitute almost 30 per cent of the mobile advertising market by 2015. The continued sector growth and the increasingly strategic role of mobile RTB were key drivers of the investment.
Nexage was the first to introduce mobile RTB, was
Ares Capital has closed its first venture finance transaction with Respicardia, an early stage company developing a medical device targeted to improve respiratory and cardiovascular health by treating central sleep apnea.
Ares Capital served as lead agent in a USD6m senior secured credit facility to provide working capital for Respicardia’s completion of its pilot study.
Respicardia is in the clinical trial phase of the development of its remede system, a fully implantable stimulation device that is designed to restore a more natural breathing pattern during sleep in patients with central sleep apnea, a widespread sleep disorder characterised by a lack
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