3i has made a further investment in AES Engineering Ltd, the holding company of the AESSEAL Group, a mechanical sealing business. 3i first invested in AES in 1996. This secondary investment increases its equity stake to 40% and values the business at £100m. The new funding will allow AES to continue its growth and consider acquisition opportunities worldwide. Coinciding with 3i’s increased investment, Hamdi Conger, previously non-executive director will become chairman of AES. Neil MacDonald, who was previously the finance director at the international engineering group Firth Rixson, has joined AES as finance director.
Target Global I closed on €300m in 2015 and is now fully deployed
Existing investor Redalpine also participates in the round for the online ticketing platform
Deal is Sortera's 13th acquisition since it was established in 2006
Alpina began its ERP software buy-and-build platform with the acquisition of Oxaion in 2015