Articles by Wahida Ahmed
Main sells LOCATIQS to PE-backed Sogelink
Owned by Keensight, the combined group will have around EUR 120m revenues and will seek further acquisitions
Circularity Capital closes Fund II on extended EUR 215m hard-cap
New circular economy vehicle is 3x the size of predecessor with 80% of commitments from institutional investors
EY hires new Midlands M&A lead from Houlihan Lokey
Jeremy Harrison joins Birmingham office as a partner to support the firm’s regional growth strategy
Progressio exits Save the Duck to L’Occitane bosses
New owners pre-empted sale process for the Italian animal-free clothing brand; deals marks the second exit by Progressio’s Fund III
Verdane leads USD 190m growth round for Instabox
Sponsor will roll its stake in Porterbuddy, which was recently acquired by Instabox, and invest new capital in the Swedish e-commerce shipping group
Lonsdale buys infrastructure consultancy Infrata
Deal for London-based firm marks the second investment made outside the GP’s buyout fund, which closed investment period last year
Alantra bolsters private debt team with new appointments
Hires include managing directors Alberto Pierotti and Jean-Philippe Lantrade
Bowmark buys workflow automation provider WSD
GP will seek to expand London-based company’s product development and grow in North America, Europe and Asia
Investindustrial sells Neolith to CVC VIII
During Investindustrial tenure Neolith posted EUR 145m in revenues in 2021 and an EBITDA CAGR of approximately 20%
Qualium III expects autumn final close
Vehicle will follow the investment strategy of its predecessor and has a EUR 500m target
IK Partners sells Recocash to Qualium Investissement
Deal marks the third exit from IK Small Cap II, which is at least 93% deployed
EMZ exits Ankerkraut to Nestlé for 2x money
Deal marks the first full exit for EMZ Fund 9 and ends a holding period of less than two years
Hg bolsters team with promotions and new hires
GP has promoted three to partner and fills newly created role, head of talen
Advent buys IRCA in SBO from Carlyle
Bakery ingredients firm has a reported EV of EUR 1bn and is expected to post 2022 EBITDA of EUR 75m
EMZ acquires FotoFinder Systems
EMZ is acquiring a majority stake in the medical imaging company via EMZ 9, which is 80% deployed
SEB Private Equity sells Norcospectra to Accent
Commercial interiors business is expected to expand via add-ons and develop its digital offering
H2 Equity exits premium logistics group Cadogan Tate to TSG
US sponsor plans to use acquisitions to expand the London-headquartered company abroad; management will retain minority stake
Accent exits Motum to Mitsubishi Electric
Sale of Swedish elevator services group marks the 12th exit from the Accent Equity 2012 fund
Pemberton launches NAV financing strategy with new hire
Thomas Doyle joins alternative credit specialist from 17Capital
Aztec appoints new head of ESG
Caroline Mantoura joins the fund services provider after 12 years at Accenture
General Atlantic appoints head of ESG from PAI
Cornelia Gomez joins with an aim to bolster the sponsor’s ESG efforts and will be based in London
Main Capital creates software group enventa after four DACH deals
With EUR 25m in combined revenues, new buy-and-build platform will focus on ERP, business intelligence and financial solutions
NorthEdge appoints two new partners amid several senior promotions
UK GP bolsters teams in Manchester, Leeds and Birmingham with 80% of Fund III to invest and over 50% of its SME vehicle deployed
Epiris acquires Inchcape Shipping Services in SBO
Deal for London-based maritime services provider marks the 10th investment by Epiris Fund II