Latest News
Carlyle is to acquire a significant minority stake in CureApp, Inc, a Japanese medical technology (medtech) company and prescription digital therapeutics provider, for JPY7 billion as part of CureApp’s Series G funding.
Carlyle’s investment brings the total amount of capital raised by CureApp to approximately JPY13.4 billion. Carlyle will have one board seat as part of the transaction.
Founded in 2014 by two physicians, CureApp is one of Japan’s fastest-growing medtechs specialising in the research and development of prescription and non-prescription digital therapeutics. CureApp’s pipeline is currently focused on the areas of non-alcoholic steatohepatitis, alcohol addiction, oncology, and chronic heart
Audax Private Equity (Audax) has acquired Rensa Filtration (Rensa), a manufacturer of consumable, mission-critical air filtration products. Financial terms of the transaction have not been disclosed.
Founded in 2017 by CEO Brandon Ost, Rensa has a manufacturing and distribution footprint that includes facilities in Maryland, Illinois, Michigan, and Texas, and the Company’s products are marketed across a range of brands including Rensa, Custom Filter, Viskon-Aire, Permatron, D Mark, and Air Filters, Inc. In its partnership with Audax, Rensa will continue to look to acquire high-growth companies interested in being part of a family of leading-edge filtration suppliers.
Ost will continue
Dragonfly, a venture capital firm focused on the cryptocurrency and digital assets space, has acquired crypto hedge fund MetaStable Capital, as it looks to expand its web3 strategy, according to a report by NFTGators. Financial terms of the transaction have not been disclosed.
Solace Capital Partners (Solace), a private equity firm focused on providing creative capital solutions for middle market companies, has sold Patriot Environmental Services (Patriot), a provider of comprehensive environmental services and emergency oil spill response, to Heritage-Crystal Clean for $156 million.
Vestar Capital Partners, a US private equity firm, has promoted several investment professionals, including Neil Merchant, Mark Dirzulaitis, and Angela Yun to principal, and Alex Veronneau to vice president.
Merchant, a member of the Firm’s Business & Technology Services group, joined Vestar in 2018. He previously worked at Welsh, Carson, Anderson & Stowe focusing on healthcare and technology investments. Merchant holds both a BS in Economics, cum laude, and an MBA in Finance and Management, with Honours, from the Wharton School of the University of Pennsylvania.
Dirzulaitis, a member of the Firm’s Business & Technology Services group, joined Vestar in
Sentinel Capital Partners, a private equity firm that invests in promising companies at the lower end of the middle market, has closed the merger of its portfolio company, Altima Dental, with 123Dentist, a dental support organization (DSO) based in Vancouver, to create one of the largest DSOs in Canada.
The transaction was financed through equity capital provided by 123Dentist’s existing private equity sponsor, Peloton Capital Management, and new investors KKR, a leading global investment firm, and Heartland Dental, a KKR portfolio company and the leading dental support organization in the US Sentinel will retain a minority equity stake in the
PSG, a growth equity firm partnering with software and technology-enabled services companies, has appointed private capital veteran and Ontario Teachers’ Pension Plan Head of Technology, Media & Telecom, Financial Services and Healthcare, Bogdan Bo Cenanovic, as a Managing Director.
Cenanovic will aim to bolster PSG’s Canadian deal flow pipeline. To date, PSG has completed four platform investments in Canada – DigitalEd, Introhive, Penny AI and Wagepoint – and 28 add-on acquisitions.
In addition, Cenanovic will lead underwriting for PSG’s Encore strategy (Encore), which is primarily focused on making investments in select PSG portfolio companies upon their complete or partial
Pollen Street Capital (Pollen Street), a fast growing and purpose led alternative asset manager, has appointed William Tice as Partner. He will lead Business Development and expand the firm’s presence in North America.
Tice will be based in Austin, Texas.
Tice brings over 30 years’ experience in financial services with extensive experience in credit, specialty finance, and private equity. Prior to joining Pollen Street, Tice was President of Vida Capital, where he led business development and investments in specialty finance and special situation opportunities. Before that he held senior business development and investor relations roles at Siguler Guff, Q
Percheron Capital (Percheron), a private equity firm focused on partnering with high-quality essential services businesses, is to acquire a majority stake in McWilliams & Son (McWilliams), a residential HVAC and plumbing services platform.
Following the transaction, McWilliams’ Chief Executive Officer, Trey McWilliams, will remain a significant investor and continue to lead the Company.
Terms of the transaction have not been disclosed.
McWilliams & Son offers residential HVAC and plumbing maintenance, repair and replacement services with a reputation for outstanding quality and customer service. The Company’s people-first values focused on service, trust and reliability have resulted in industry-leading customer satisfaction scores
Palatine-backed CTS Group (Construction Testing Solutions), a provider of geotechnical consulting, construction materials testing and surveying and monitoring services, has acquired Concept Engineering Consultants Limited, a specialist in geotechnical, structural and geo-environmental services.
This is CTS Group’s eighth acquisition since Palatine’s initial investment in late 2018. The deal further strengthens CTS as a market leader and expands and enhances its geotechnical consulting, testing, coring and drilling capabilities.
Operating across the UK and with headquarters in London and operations in both London and Coventry, Concept Engineering employs 105 staff. Founded 25 years ago, Concept Engineering Consultants work on civil, structural and
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