Access Holdings-backed Foundation Partners Group makes eight acquisitions during pandemic
Foundation Partners Group acquired eight funeral service businesses with 25 locations during the past year, growing its footprint in three states with existing locations and expanding to two new markets – Kentucky and New Mexico. In a market estimated to reach USD28.7 billion this year, the cremation rate in the US reached an all-time high […]
China’s S.F. offers to buy 51.8% stake in Kerry Logistics
Chinese logistics giant S.F. Holding Co has offered to buy a 51.8 percent stake in Hong Kong-listed Kerry Logistics Networks Ltd, it said in an exchange filing on Tuesday. The offer, at HK$18.8 ($2.43) per share and valuing the total transaction at HK$17.6 billion, will be conducted by S.F. Holding unit Flourish Harmony Holdings Co […]
Great Hill Partners acquires Notonthehighstreet
Notonthehighstreet, a UK online marketplace for lifestyle products and ‘thoughtful gifts’, has been acquired by growth equity firm Great Hill Partners. Great Hill Partners will become the majority shareholder in the business, with existing investors Burda Principal Investments and Industry Ventures also remaining as shareholders. The backing and expertise of this investor base will help […]
Zeus acquires Austrian food packaging solutions company
Irish-owned Zeus Packaging, an independent packaging manufacturer and distributor, has acquired Austrian-based food packaging solutions business, Petruzalek, which was part of Sirap-Gema Group In 2020, Petruzalek achieved revenues of approximately EUR58 million, net assets of EUR16 million and EBITDA of EUR2.5 million. The acquisition, for an undisclosed sum from Italian investment holding company, Italmobiliare, completes […]
Elaghmore acquires Formaplex
UK Private Equity fund Elaghmore has acquired Formaplex, an integrated manufacturer and supplier of lightweight component solutions to the global automotive, motorsport, aerospace, medical and defence markets. In total, Elaghmore has now made eleven acquisitions, with the Formaplex deal being the second from Elaghmore Fund 1A. Elaghmore first launched its initial fund in December 2016 […]
Brazil’s Raizen to buy Louis Dreyfus sugar and ethanol unit Biosev
Brazil’s Raizen, the joint venture between Royal Dutch Shell Plc and Cosan SA, has agreed to buy Biosev SA, the sugar and ethanol unit controlled by Louis Dreyfus, in a cash-and-stock deal, the companies said on Monday. Raizen will pay 3.6 billion reais ($670.3 million) to Biosev shareholders, who will also receive 3.5% of Raizen […]
Cubic to be taken private for $2.2 billion by Veritas, Elliott
Cubic Corp has agreed to be bought by private equity firm Veritas Capital and U.S. hedge fund Elliott Management in a deal valued at about $2.2 billion. The company had adopted a poison pill last year, allowing existing shareholders to buy more shares at a discount, after Elliott took a 15% stake in the firm […]
Renesas boosts power and connectivity prowess with $6 billion Dialog deal
Renesas Electronics Corp has agreed to buy Dialog Semiconductor for 4.9 billion euros ($5.9 billion) in cash, boosting its position in low-power technology and connectivity across smart devices, cars and industry. One of the world’s biggest auto chipmakers, Renesas aims to capitalise on technology shifts that are putting more electric vehicles on the streets with […]
Private equity fund takes majority stake in Kramer
Fortissimo Capital Fund, which has a track record of supporting growing technology companies, made the acquisition as Dr Joseph Kramer retires. Fortissimo Capital Fund, a leading private equity fund based in Israel, has acquired a majority interest in Kramer Electronics, as Dr Joseph Kramer, an entrepreneur and a founder of the company, retires. Michael and […]
Notonthehighstreet.com bought by Boston private equity firm
Online marketplace notonthehighstreet has been bought by Great Hill Partners, a Boston-based private equity business. Great Hill Partners will become a majority shareholder in the business, with existing investors Burda Principal Investment and Industry Ventures also remaining as shareholders. Notonthehighstreet did well throughout the coronavirus pandemic, boosting revenue by 50 per cent in the last […]
