Limerston Capital-backed Axiom acquires Torchlight
Limerston Capital portfolio company Axiom International Limited (Axiom) has completed the acquisition of Torchlight Group Limited (Torchlight) London based Axiom is a specialist in the provision of strategic capacity building programmes, institutional and public sector reform, peace-building and national security development. It forms part of the larger Limerston Capital-backed AFA International, led by CEO and […]
OpenGate Capital’s SMAC sells AXTER
Global private equity firm OpenGate Capital’s portfolio company, SMAC, has completed the sale of its subsidiary, AXTER, which is focused on the production of waterproofing membranes, to IKO, a specialist in global roofing and related products based in Canada Terms of the agreement have not been disclosed. SMAC, a global manufacturer of waterproofing and building […]
Sun Capital Partners affiliate acquires Exadel
Private investment firm Sun Capital Partners (Sun Capital) has completed the acquisition of Exadel, a founder-owned, global provider of digital software engineering solutions and services. Terms of the private transaction have not been disclosed Founded in 1998 and headquartered in Walnut Creek, California, Exadel builds critical enterprise-wide platforms with a focus on accelerating digital transformation […]
Aviva exits Italian market with $1.1bn Allianz, CNP deal
Global insurer Aviva has exited from the Italian market through a pair of deals with Allianz and CNP Assurances totaling €873 million ($1.1 million) in a bid to focus on its core businesses in the UK, Ireland and Canada. Allianz has agreed to acquire Aviva’s general insurance business Aviva Italia, the Italian P/C entity including […]
Aggreko board asks shareholders to light up private equity takeover
The board of Aggreko has recommended that its shareholders back a £2.3 billion takeover offer from a pair of private equity bidders. The provider of temporary power generators could be taken off the London Stock Exchange in the summer if investors support the deal. Analysts said that there appeared to be little chance of a […]
Equistone acquires Franke Water Systems
Funds advised by Equistone Partners Europe (Equistone), one of Europe’s most active mid-market private equity firms, have agreed to acquire Franke Water Systems, a division of Franke Group and a leading European producer and supplier of kitchen and bathroom fittings for the residential, public and commercial sectors Thorsten Klapproth, former CEO of Hansgrohe SE and […]
Infinite Electronics secures growth investment from Warburg Pincus
Infinite Electronics, a global supplier of electronic components serving the urgent needs of engineers through a family of highly-recognised and trusted brands, has been acquired by Warburg Pincus from Genstar Capital The investment will support Infinite’s geographic and product line expansion, entry into new, high-growth markets and enhanced digital capabilities. Terms of the transaction were […]
Inflexion invests in corporate insurance broker DR&P Group
Inflexion has made an investment into DR&P Group Limited (DR&), a corporate insurance broker based in the North of England. The investment is being made by Inflexion Enterprise Fund V, Inflexion’s lower mid-market fund DR&P provides insurance products to a broad customer base across a range of end markets, with a focus on providing a […]
Sweden’s Nordax bids $2.1 billion for Bank Norwegian parent, shares jump
Sweden’s Nordax Bank offered on Thursday to buy Oslo-listed Norwegian Finans Holding, the owner of Bank Norwegian, in a cash transaction valued at 17.8 billion Norwegian crowns ($2.10 billion). Norwegian Finans shares surged 21% to trade at 99 crowns by 1057 GMT, above Nordax’s bid of 95, suggesting investors expect more bids could emerge. The […]
Deliveroo to deliver $7 billion dual-class London listing
Deliveroo plans a London stock market listing that could value the British food delivery firm at around $7 billion and mark the biggest new share issue in Britain in three years. The Deliveroo IPO is one of the most eagerly watched-for initial public offerings (IPOs) expected in London in the first half of 2021, after […]
