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HCI Equity Partners, a lower middle-market private equity firm, has sold SouthernAg Carriers, Inc, a transportation and logistics service provider for agricultural and related processed food manufacturers, specialising in peanuts, cotton, pecans and other agricultural products to large consumer packaged goods customers including Mars, P&G and ConAgra.
SouthernAg has five facilities in Georgia, North Carolina and Texas.
Republic Partners served as the financial advisor and Vedder Price served as legal counsel to SouthernAg.
Munch’s Supply, the HVAC division of Marcone, has acquired Wholesale Sheet Metal (WSM) and Pile Protection Tops (PPT).
The acquisition expands Munch’s geographic footprint to 71 locations serving 17 US states and one Canadian province.
Munch’s Supply is a Marcone company that has been operating in the Chicagoland area for more than 65 years and is consistently ranked as a top 10 HVAC distributor in the United States. Marcone, a leading distributor of home appliance, HVAC and plumbing repair parts and equipment across North America acquired Munch’s Supply in 2021. Together, the companies operate with a singular goal—to become
Fundamental Advisors (Fundamental), an alternative asset manager dedicated to municipal and public purpose investing, has held the final close of its fourth flagship private equity fund, Fundamental Partners IV LP (Fund IV), with $1.43 billion in capital commitments.
Fund IV’s total commitments significantly exceeded its original target of $1 billion. The fund received support from a majority of existing investors along with a diverse group of new investors including state pension plans, insurance companies, university endowments and private wealth platforms.
Fund IV will continue Fundamental’s strategy of employing both private equity-style control and high-yielding private credit practices to invest
Fidelity Payment Services, a provider of fully-integrated omni-channel payment processing technology, secured a strategic growth investment from PSG, a leading growth equity firm partnering with software and technology-enabled services companies to help accelerate their growth.
Existing investor HIG Growth Partners also participated in the round.
Financial terms were of the deal have not been disclosed.
Fidelity Payment Services’ differentiated payments system is powered by its proprietary technology platform and payment gateway, Cardknox.
With this new funding, Fidelity Payment Services plans to continue to innovate its Cardknox technology platform, enhance its go-to-market strategy and expand into new markets with an
Connection Capital has made a £5.1 million growth capital investment in Brompton Technology, a London manufacturer of leading-edge processing technology for LED video walls used in live events, TV and film production.
Brompton Technology’s products are used on global music tours of artists like Taylor Swift and U2, and in the filming of High end TV and film productions such as Disney+ series The Mandalorian.
The investment will enable Brompton Technology to capitalise on significant growth opportunities ahead. Demand for its products is extremely high with growing markets globally.
As part of Connection Capital’s investment a highly experienced non-executive chairman,
Bryan, Garnier & Co, an independent investment bank for European healthcare and technology-related companies has appointed a new head of healthcare equity research, Alex Cogut.
Cogut was previously Co-Head of Life Sciences Research at Kempen& Co, with extensive experience in European biotech and medtech.
Cogut will lead Bryan Garnier’s team of seven healthcare analysts based across Europe and the UK. In addition to traditional equity research, the team’s focus will be on developing differentiated thought leadership that identifies long term trends shaping the future of the healthcare sector.
Atlantic Street Capital (ASC), a private equity firm that invests in lower middle market companies, has acquired assets from CyberGuard Compliance, a licensed CPA firm with exclusive specialisation in IT compliance and cybersecurity audit and assessment services, and Elite Consulting Solutions, a provider of IT compliance and cybersecurity consulting and remediation services, collectively known as “CyberGuard”.
Founded in 2009 by Jim Jimenez and Tim Roncevich, CyberGuard provides non-discretionary IT compliance and cybersecurity services including SOC, HITRUST and PCI audits, vulnerability assessments, penetration testing, and other compliance/cybersecurity services. CyberGuard has a diverse client base, ranging from emerging growth and pre-IPO businesses
Private equity firm Alpine Investors (Alpine), a Certified B Corporation committed to building enduring businesses, has acquired FEV Tutor, a K-12 research and evidence-based online tutoring platform. Terms of the transaction have not been disclosed.
Alpine’s partnership will help further FEV Tutor’s mission to develop high-quality, online learning solutions that drive change by positively impacting learning outcomes for students from all backgrounds. As part of the transaction, Jim Tormey of Alpine will be the new chief executive officer at FEV Tutor, with co-founders Anirudh Baheti and Ryan Patenaude continuing in leadership roles.
Jim Tormey joins FEV from Alpine’s
HarbourVest has been granted a new investment mandate by the National Employment Savings Trust (NEST) as part of the UK workplace pension scheme’s commitment to invest £1.5 billion (€1.8bn) in private equity by early 2025.
A new, bespoke HarbourVest Partners’ fund will invest in co-investment opportunities on NEST’s behalf and receive a pro-rata allocation of suitable co-investment opportunities alongside HarbourVest Partners’ other co-investment accounts.
NEST is targeting an allocation of around 5% of its portfolio to private equity investments.
The HarbourVest’s mandate will focus on growth and middle-market deals, with the initial deployment of capital expected in the news few
Crestbridge, a provide of private equity and real estate administration solutions, has appointed Anne Catherine Grave as country head of Luxembourg.
Based in Luxembourg, Grave will be responsible for leading the business in the region and building on its reputation as a leading service provider for fund managers. Her appointment adds further weight to Crestbridge’s highly experienced Luxembourg team, which provides global, comprehensive support to fund managers. This includes managing the administrative, accounting, reporting, residency, and governance needs of a broad range of fund structures throughout their lifecycles.
Prior to joining Crestbridge, Grave was the partner in charge of Corporate
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