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Lyceum Capital-backed M&C Energy Group (M&C), the global energy consultancy, has expanded its US footprint and strengthened its market position with the acquisition of fellow energy consultancy Coleman Hines, headquartered in Phoenix, Arizona.
The mid-market growth investor acquired M&C for £22 million in 2010 and, since then, has implemented a rigorous programme of operational enhancement and supported a number of strategic acquisitions.
The deal follows M&C opening its first US office in Atlanta, Georgia and will further help the company to expand in North America.
Coleman Hines, founded in 2000, provides energy consultancy services to a number of
Wellspring Capital Management has acquired ThermaSys Corporation, manufacturer of a wide range of heat exchangers and heat exchange equipment, from an affiliate of Sun Capital Partners, Inc. Financial terms of the have not been disclosed.
Founded in 1971 in Montgomery, Alabama as Thermal Components, Inc, ThermaSys has one of the broadest product offerings in the industry, supplying a diverse range of highly engineered, custom-designed heat exchangers and heat exchanger components, including aluminium and brass seam-welded tubing. The Company is uniquely positioned to supply highly engineered heat exchanger products for a wide variety of applications, either as single components or combined
Symphony Healthcare Holdings Limited, a wholly owned subsidiary of Symphony International Holdings, is to invest USD50 million to acquire a non-controlling minority shareholding in Integrated Healthcare Hastaneler Turkey Sdn Bhd (IHT).
IHT is the controlling shareholder of Acibadem Saglik Yatirimlari Holding AS (ASYH) and is owned by Integrated Healthcare Holdings Sdn Bhd (Integrated Healthcare), the healthcare subsidiary of Khazanah Nasional Berhad (Khazanah), the investment holding arm of the government of Malaysia. Completion of the transaction is scheduled for February 8th 2012.
Symphony has also negotiated an option to convert its investment in IHT into a minority stake in Integrated
Allied Oil & Gas Services, a cementing and acidizing business headquartered in Fort Worth, Texas, has been acquired by Intervale Capital, a private equity firm focused on investments in middle-market oilfield services companies.
With locations in Kansas, Pennsylvania and West Virginia, Allied provides cementing and acidizing services to customers in the Mid-Continent and Marcellus Shale regions. Allied has a broad customer base of exploration and production companies and has distinguished itself as a provider of choice over its 45 year operating history. Wells Fargo & Company provided debt financing to support the transaction.
Allied’s operations will be led by CEO
The middle-market, private equity buyout fund, GenNx360 Capital Partners, has added Jerod A Pierce to its Management Company’s operating team.
Pierce will focus on operational value creation, operational due diligence and will work hand-in-hand with portfolio management to both identify operational value creation opportunities and to implement them. He will report to Chuck Castine, Senior Partner, and will be based in the firm’s Seattle office.
For the past five years, Pierce has held a number of positions in the financial services industry, most recently at the investment banking firm of DA Davidson & Co which has given him hands-on experience
August & Debouzy has advised France Economie Régions (FER) on its bid to take over the French newspaper La Tribune.
France Economie Régions’ majority shareholder, the Hima Group, teamed up with the Hi-media Group, chaired by its founder, Cyril Zimmermann, for the bid.
The business plan consists in combining continuous online news coverage (via a quality website) with the publication of a weekly newspaper every Friday. This was the only bid submitted to the court to plan for the development of both media formats, to ensure greater visibility for the paper. Another important aspect of the bid was the
Private equity firm Warburg Pincus has acquired majority ownership in FacilitySource, a provider of facility maintenance and management solutions to retailers and other multi-site operators. Terms of the deal have not been disclosed.
FacilitySource manages over 60,000 facilities worldwide via an elite service provider network, representing over USD1 billion in aggregated spend each year. The company has grown rapidly since taking its solution to market in 2005, averaging 25-30% growth in each year. FacilitySource is poised to accelerate this growth with the backing of Warburg Pincus.
"FacilitySource provides a unique value proposition to its customers and continues to innovate in
A company owned by Permira, the European private equity firm, has successfully completed the acquisition of Genesys, a global expert in contact centre technology software, from Alcatel-Lucent (Euronext Paris and NYSE: ALU).
Technology Crossover Ventures and certain co-investors of the Permira funds also participated in the transaction. The transaction values the company at USD1.5 billion.
With the backing of the investor group, Genesys will continue to provide market-leading contact centre products and solutions to clients around the world while enhancing its core product portfolio and strengthening its offering in the growing areas of cloud computing, analytics, workforce optimization, process workflow
Independent alternative assets advisory and placement firm MVision has become a Patron of The Prince’s Trust, an organisation that helps disadvantaged young people aged 13 – 30 who are struggling at school, are in or leaving care, are long-term unemployed or have been in trouble with the law.
Through a variety of programmes The Trust offers practical and financial support, giving young people the confidence and skills they need to realise their potential and transform their futures.
Last year The Trust supported 50,000 young people into employment, further education or training. It also enabled nearly 3,500 budding young entrepreneurs to
Domo, a new software-as-a-service (SaaS) venture launched by Omniture co-founder Josh James, has closed USD20 million in Series A-1 funding from Institutional Venture Partners (IVP). This round brings total investment in Domo to USD63 million.
“Winning takes 100 percent focus,” says James. “While we weren’t in the market for additional funding, the capital from a trusted and experienced partner such as IVP made a lot of sense. We’ve experienced positive feedback from the marketplace. This move fills the coffers and enables us to stay focused on execution. It also provides flexibility as we build out our sales organisation and
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