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Sentinel Capital Partners, a private equity firm that invests in promising lower midmarket companies, has acquired SmartSign, an online provider of customisable signs, labels, and tags for regulatory, compliance, and safety applications.
Terms of the deal have not been disclosed.
Headquartered in Brooklyn, New York, SmartSign operates a network of nearly 30 websites, each dedicated to offering highly specialized and customizable products to customers to fit thousands of specific-use cases. SmartSign services businesses of all sizes, including sales to 75% of the Fortune 1000 and across hundreds of verticals, including education, healthcare, and industrials.
Sentinel partnered with SmartSign’s management team
Snowball has appointed Sean Farrell as its new Investment Director. Farrell has over 20 years’ experience in private and public markets investing and portfolio composition, both through direct investing and the selection of fund managers.
Calulus has led a funding round in Optalitix, a provider of low code SaaS products, data analysis and AI models to insurers, and other financial institutions, providing £2.5 million of the total £4 million raised.
The funds will primarily be used to expand he sales capacity, invest in marketing and accelerate product development by expanding the engineering team. United Trust Bank subscribed for new equity following an earlier investment and support for the business.
Founded in 2013 by Jonathan Shapiro and Dani Katz, Optalitix allows business processes currently based on Excel to be transformed into robust online systems. It currently
HIG Capital has appointed Kim Leinwand Erle as managing director and global head of ESG, a newly created role that reflects the global alternative asset manager’s ongoing commitment to the integration of environmental, social and governance best practices across the firm.
Erle joins HIG from NY Green Bank, a specialty finance company, supporting sustainable investments in the clean energy markets. Erle was a Managing Director and head of Strategy and Impact, at NY Green Bank, where she was responsible for ESG business strategy formulation and execution.
Additionally, Erle was a member of New York State Energy Research & Development Authority’s
Though benchmark returns may be slowing after two years of record returns, limited partners still favour the asset class over public markets…
While nearly 50% of firms surveyed in the latest Private Equity Wire survey believe that returns in PE will decrease, LPs haven’t been put off the asset class and still believe that private equity will deliver good returns.
“I think that this is just a burgeoning asset class that will continue to grow. When you’re invested in your [fund] vehicle, you’re probably not sweating quarterly marks as much but if you’ve got more of a liquid portfolio, which
The first half of 2022 has been one of the worst in recent memory for IPO exits. With large amounts of liquidity still in the M&A market, an acceleration of exits to private strategic buyers may follow…
With the IPO market grinding to a veritable halt in 2022, GPs are looking for other exit routes in the second half of the year, with private M&A channels taking the lead.
Those with assets for sale are being advised to take advantage of the current environment and accelerate these processes in the event of a near-term reversal of fortunes.
“If I had
A marked slowdown in private equity dealmaking so far this year is expected to impact the second half. A buying opportunity may await, but sellers must adjust their valuations expectations first…
Global dealmaking by private equity funds has plummeted in 2022 as banks have pulled back financing in a risk-off environment.
Across the M&A market globally, activity fell by 23% in value to USD 2.2 trillion in H1 2022, compared with the same period last year, according to Dealogic. By volume, the drop was 20% to 15,764 deals over the same period.
Sponsor-led activity, which typically involves private equity firms,
Average returns across private equity have come off their 2021 peak. Fund managers say portfolios remain resilient and, in a recession, the asset class can still outperform…
Private equity benchmark returns have begun a descent from their post-pandemic high.
Average global returns for Q3 2021 fell to 6.8% from almost 15% in Q1, the strategy’s lowest quarterly IRR since the pandemic rocked public markets in Q1 2020, according to Pitchbook, which shows a further decline to 3.42% in Q4 based on preliminary data.
“A tighter policy environment is putting downward pressure on risk assets and causing returns to normalise after
Foresight Group (Foresight), a leading listed private equity and infrastructure investment manager, has announced the opening of its new office in Dublin. This is Foresight’s first office in Ireland and will be located at Carmichael House, 60 Lower Baggot Street.
It is the first of three offices planned to be opened this year, the others being in the UK in Leeds and Newcastle.
The team based in the Dublin office will mainly source, execute and manage investments for the AIB Foresight SME Impact Fund (the fund) as well as support Foresight’s other activities in Ireland. With a cornerstone investment
Duke Street, a European midmarket private equity group, has agreed to sell Medi-Globe Technologies (Medi-Globe) to DCC Healthcare, a wholly owned subsidiary of the FTSE 100 listed international sales, marketing and support services group DCC plc, for an enterprise value of approximately €245 million (£213 million).
The transaction is subject to completion authority clearance in Germany and France, with completion expected in Q4 2022.
Medi-Globe is an international manufacturer and distributer of medical devices which sells into over 120 countries. The company focusses on single-use accessories for use in critical surgical and diagnostic procedures in the fields of gastroenterology
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