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NewSpring Holdings, NewSpring Capital’s dedicated buy and build strategy, has acquired Vertical Management Systems (VMS), headquartered in Pasadena, California.
VMS is a technology innovation firm which provides integrated solutions to solve today’s key issues like fiduciary risk, fee transparency and revenue reconciliation.
VMS processes over USD600 billion in assets, five million accounts and 500,000 trades annually.
“Since joining NewSpring Holdings, we’ve been evaluating various platforms to launch a new financial services growth initiative,” says Jim Ashton, general partner, NewSpring Holdings. “When NewSpring learned of the VMS opportunity and given my years of experience working with Kevin and Bob, we
- 06/01/2017
Private equity fund manager and Enterprise Investment Scheme (EIS) and venture capital trust (VCT) specialist Calculus Capital has invested GBP3 million in cleantech firm Weedingtech, which is focused on replacing toxic herbicides.
Weedingtech is a specialist in herbicide-free weed and moss control, and has earned multiple awards for sustainable innovation. The company was co-founded by environmental campaigner and entrepreneur Ben Goldsmith.
Calculus has invested in the business in recognition of the global market potential of its patented weed-control technology, Foamstream. This uses hot water and an organic foam, with the foam acting as a thermal blanket that keeps the heat
- 06/01/2017
Livingstone's media and technology team has advised mid-market private equity house Bowmark Capital and the corporate private equity business of Rothschild Merchant Banking, Five Arrows Principal Investments, on the sale of Autodata to Solera Holdings for GBP340 million.
Livingstone had previously advised the founders of Autodata on its GBP143 million sale to Bowmark and Five Arrows Principal Investments in May 2014 and subsequently advised Solera on its GBP288 million acquisition of CAP Automotive in November 2014.
The transaction, which is subject to regulatory approval, is expected to complete in February 2017.
Established in 1975, Autodata publishes technical information on approximately 40,000 vehicle models from
- 06/01/2017
Private equity firm Arlingtin Capital Partners has acquired Molecular Products Group (MPG) which was previously backed by BGF (Business Growth Fund).
Headquartered in Harlow, Essex, MPG is a manufacturer of advanced chemistry-based products serving the healthcare, defence and industrial markets.
The company primarily specialises in the manufacture and supply of chemical technologies for the treatment of breathable gases and is able to serve its global customer base out of its two primary manufacturing facilities in Harlow, Essex and Boulder, Colorado.
MPG was majority owned by the McKernan family whose father established the company in 1973. Since 1995 it
- 06/01/2017
Law firm Ortoli Rosenstadt (OR Law) has launched as the successor to New York City-based Sanders Ortoli Vaughn-Flam Rosenstadt.
“A new name often symbolises a major organisational change, but we prefer to see this not as a change but as an evolution,” says Richard Ortoli (pictured), head of the firm’s international and real estate practices.
OR Law will continue to provide legal advice in more than a dozen practice areas including trusts and estates, hedge funds, private equity funds, mergers and acquisitions and real estate.
“We are evolving by building a larger team of international experts focusing on
- 06/01/2017
Global infrastructure projects attracted an all-time high of USD413 billion of investment in 2016, propelled by aggregate transaction value of USD131 billion in Asia, according to data released by Preqin.
The company’s end-of-year update on the unlisted infrastructure deal market finds that while the number of financings in 2016 remained consistent with recent years, the aggregate deal value surpassed all previous years.
In total, 1,772 deals were completed for infrastructure assets equalling USD413 billion, although Preqin expects these figures to rise by up to 5 per cent as more information becomes available.
This marks an increase of 14
- 06/01/2017
Private equity firm HIG Capital has acquired Bigsal, an animal nutrition provider in the north region of Brazil.
Founded in 2003 in the state of Rondônia, Bigsal focuses on ruminants and also provides supplements for fish, pet and other animal species.
Fernando Marques Oliveira, managing director and head of HIG Latin America, says: “We are very pleased to get involved with Bigsal. The company’s management and founding shareholders have done a terrific job in building the leading animal nutrition provider in Rondônia, and HIG will now support Bigsal in its geographic and portfolio expansion, both organically and inorganically. We
- 05/01/2017
- 05/01/2017
UK mid-market private equity firm Graphite Capital has agreed to sell Micheldever Tyre Services (MTS), the UK’s second largest distributor of car, 4×4 and motorcycle tyres, to Sumitomo Rubber Industries Ltd (SRI).
Listed on the Tokyo stock exchange, SRI is the sixth largest tyre manufacturer in the world. The transaction is subject to European Commission approval.
The sale price of GBP215 million represents a return of approximately 3.7 times Graphite’s investment in the company.
MTS is the UK’s second largest distributor of tyres to independent retailers and the third largest retailer of tyres, offering all major premium tyre
- 05/01/2017
Tikehau IM has appointed Gen Oba as director of marketing and international development.
Oba (pictured) will be responsible for the development of Tikehau IM’s marketing strategy and the development of the firm’s relationship with large international clients.
Oba joins Tikehau Capital after 18 years at Bank of America Merrill Lynch where he managed and developed relationships with key international clients, executed major strategic and capital market transactions, and last served as managing director of investment banking.
Gen started his career 1996 at Rothschild in Paris and then at BNP Paribas in New York.
- 05/01/2017
Vivaris Capital has created what it says is the first private equity hedge fund, which is designed to deliver superior alternative asset returns while mitigating downside risk.
The structure deployed by Vivaris uses a portfolio of investment grade securities to diversify risk and to provide liquidity.
The investment strategy targets middle-market, well-established companies and late-stage technology businesses that are at an inflection point and poised for growth. Capital and aggressive management then drive product, sales and market expansion.
The fund also invests in and acquires value-added residential and commercial real estate developments where renovations and marketing can lead
- 05/01/2017
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