Kempen European Private Equity Fund acquires direct interest in software company Eque2
The Kempen European Private Equity Fund has backed the senior management team at construction software company Eque2 to acquire the business from its existing shareholders Eque2 supplies business management software to more than 2,700 customers in the construction, housebuilding and contracting industries. Its software enables builders, contractors, architects, engineers and estimators to integrate the commercial […]
Nestle to sell bottled-water brands to PE firm in $4.3 billion
Nestle SA agreed to sell bottled-water brands in the U.S. and Canada to private equity firm One Rock Capital Partners in a $4.3 billion deal that puts the future of the ailing business in the hands of the man who helped turn around Pabst Blue Ribbon and Hostess Twinkies. Dean Metropoulos is joining up in […]
Cendyn’s Merger With Data Rival Is Latest Private Equity Rollup in Hotel Tech
Cendyn has acquired NextGuest, its long-time rival. The combined company, using the Cendyn name, claims to be the largest provider based in North America that provides customer relationship management and digital marketing tools to hotels worldwide. Accel-KKR supported the deal. The private equity firm based in Silicon Valley became a majority owner of Cendyn, based in Boca Raton, […]
KKR to Acquire Flow Control Group from Bertram Capital
KKR, a leading global investment firm, today announced it has entered into an agreement to acquire Flow Control Group, a leading distributor of mission-critical flow control and industrial automation products, from Bertram Capital. Headquartered in Charlotte, North Carolina, Flow Control Group serves as a trusted, value-added distributor and advisor to more than 10,000 customers and […]
Major Pipeline Firm Aegion Corp. Agrees to $963M Private Equity Buy
Aegion Corp., a leading provider of water, energy and industrial pipeline infrastructure construction and maintenance, has agreed to a purchase by affiliates of private equity firm New Mountain Capital LLC, the firms said Feb. 16. The deal is valued at about $963 million. Under terms of the agreement, set to close in the second quarter […]
US private equity fund buys major stake in Accolite Digital
New Mountain Capital, a New York-based private equity fund, has acquired a significant majority stake in Accolite Digital, a cloud and digital product engineering services provider. The PE fund has invested about $225-250 million to acquire stake in Accolite, said people aware of the development. With digital labs in Bangalore, Hyderabad, Gurugram and Chennai, the […]
JTC acquires INDOS Financial in a deal valued at up to GBP12.5m
JTC, a global provider of fund, corporate and private client services, has acquired INDOS Financial and its subsidiaries (INDOS) for a maximum consideration of GBP12.5 million. The initial consideration is GBP11 million which will be settled in cash GBP10 million and JTC equity GBP1 million. A further GBP1.5 million deferred consideration is available to management […]
Macif Emerges as Favorite to Buy $3.6 Billion Aviva France Unit
French mutual insurer Macif has emerged as the frontrunner to acquire Aviva Plc’s insurance operations in the country, according to people familiar with the matter. Macif is seen as the most suitable buyer because it’s a local player, the people said. The unit could fetch more than 3 billion euros ($3.6 billion), according to the […]
Sovereign-backed ACOLIN acquires Fundbase
Sovereign Capital Partners’ portfolio company ACOLIN, a provider of regulatory and cross-border fund distribution services, has acquired Fundbase, a digital fund distribution and data management business, from Swiss FinTech business Nectar Digital Wealth. This is ACOLIN’s first acquisition since Sovereign backed the MBO of the business in June 2020 to further develop its client base […]
Randall Farms acquired by private equity firm
The private equity firm Highview Capital LLC announced on Feb. 9 the acquisition of Vernon, Calif.-based Randall Farms. Terms of the deal were not disclosed. The meat company processes and distributes value-added meats, including prepared meals and ready-to-cook products. Currently, Randall Farms products are sold throughout California, the Pacific Northwest, Arizona, Texas, Nevada and New […]
