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Unlocking Corporate and Institutional Capital

  Charlesbank and Partners Group sell Hearthside to Goldman Sachs and Vestar :  
Goldman Sachs and Vestar Capital have closed its sale of Downers Grove, Illinois-based Hearthside Food Solutions, a producer of grain-based food and snack products for top brands. The buyers are Charlesbank Capital Partners and Partners Group. No financial terms were disclosed. Davis Polk & Wardwell LLP provided legal advice to Goldman Sachs and Vestar on the deal.   
  SEP invests in GoGuardian :  
Sumeru Equity Partners has made an investment in GoGuardian, a Chromebook management software provider for schools. No financial terms were disclosed. Vista Point Advisors served as financial adviser to GoGuardian. In addition to the funding, GoGuardian has named Tony Miller, former Deputy Secretary to the U.S. Department of Education, to its board.   
  Bain Capital buys World Wide Packaging :  
Bain Capital Private Equity has acquired World Wide Packaging, a former portfolio company of ShoreView Industries. No financial terms were disclosed. Based in Florham Park, New Jersey, WWP is a provider of packaging for the health and beauty industry. BlackArch Partners provided financial adviser to ShoreView on the deal.  
  AGC and Next Tier form partnership to acquire data centers :  
AGC Equity Partners and Next Tier HD have formed a partnership with the aim of acquiring data centers and data center-related properties in the U.S. Next Tier and AGC have been working on projects in the greater mission critical space since 2017.  
  Arroyo to acquire Pattern Energy’s Chilean operations for $67 mln :  
Pattern Energy Group Inc, a renewable power company, has agreed to sell its Chilean operations to Arroyo Energy Investors for $67 million. The deal is expected to close within 90 days.  
  Electra Private Equity goes on the block: Dow Jones :  
Electra Private Equity has put itself up for sale, Dow Jones is reporting. Electra, of London, said it has held discussions over certain parts of its investment portfolio, the story said. Electra is listed on the LSE. It expects to communicate the outcome of the process no later than September, the story said.  
  Cerberus seeks sale of U.S. defense contractor DynCorp: Reuters :  
trong>DynCorp International Inc, a U.S. defense contractor owned by private equity firm Cerberus Capital Management LP, is exploring a sale that could fetch more than $1.3 billion, Reuters reported.   
  Riverside backs Destiny Solutions :  
The Riverside Company has made an investment in Destiny Solutions, a provider of student lifecycle management software for higher education institutions. No financial terms were disclosed. Jones Day, Cassels Brock, Deloitte and West Monroe Partners advised Riverside on the deal while Saratoga Investment Corp provided the funding.  
  Ranch Creek and Hillstar invest in Patriot :  
Ranch Creek Partners LLC and Hillstar Capital have made an investment in Dripping Springs, Texas-based Patriot Erectors LLC, a provider of structural and miscellaneous steel. No financial terms were disclosed.  
  Firmament teams up with ophthalmology practices to launch Vision Integrated Partners :  
The Firmament Group has teamed up with over thirty multi-specialty ophthalmologists and optometrists to form Vision Integrated Partners, an integrated management services organization serving the ophthalmology sector. No financial terms were disclosed. Firmament and Cadence Bank provided the financing for this transaction.  
  SoftBank to sell Flipkart stake to Walmart, first known Vision Fund divestment: Reuters :  
SoftBank Group Corp (9984.T) said on Wednesday it is selling its roughly 20 percent stake in Indian e-commerce firm Flipkart [IPO-FLPK.N] to Walmart Inc (WMT.N), the first public divestment by its Vision Fund.  
  Aquiline buys RIA in a Box :  
Aquiline Capital Partners LLC has acquired RIA in a Box LLC, a software-as-a-service provider of compliance solutions for the registered investment adviser sector. No financial terms were disclosed. Marlin & Associates advised Aquiline. UPDATE: Brendan Ryan, Garrett DeNinno and Graham Hurtt of Raymond James & Associates advised RIA in a BoX.  
  Hg and ICG invest in IRIS :  
Hg Saturn Fund and Intermediate Capital Group have made an investment in IRIS, a provider of software and services for the UK accounting, education and business market. No financial terms were disclosed. DC Advisory, Linklaters and OC&C advised Hg Saturn on the deal while Arma Partners, Skadden, Deloitte and Bain & Co advised IRIS.  
  Madison Dearborn to buy Sirva from Aurora Resurgence and EGI :  
Madison Dearborn Partners has agreed to acquire Illinois-based Sirva, a global relocation and moving service provider. The sellers are Aurora Resurgence and Equity Group Investments. No financial terms were disclosed. Goldman Sachs was financial adviser to Sirva with Weil, Gotshal & Manges LLP acting as legal adviser. And, Kirkland & Ellis LLP provided legal advice to MDP.  
  YFM backs Arcus :  
YFM Equity Partners has provided 3 million pounds in funding to Arcus Global Limited, a provider of cloud-based software solutions for local and national public sector companies. Marc Shaw of RPL Mergers provided financial advice to Arcus while Allison Keyse of Mischon de Reya provided legal advice.  
  Aretex to buy Alerian :  
Aretex Capital Partners has agreed to acquire Dallas-based Alerian, a provider of energy infrastructure indices and market intelligence. No financial terms were disclosed. The transaction is expected to close in the second quarter of 2018. Barclays is serving as financial adviser to Aretex on the deal with Ropes & Gray LLP and Sheppard Mullin Richter & Hampton LLP providing legal counsel.  
  SFW invests in Swiftpage :  
SFW Capital Partners has made an investment in Swiftpage Inc, a provider of software and services that help small and mid-sized businesses grow. No financial terms were disclosed.   
  Tailwater increases equity to Silver Creek :  
Tailwater Capital LLC has increased its equity commitment to Silver Creek Midstream from $150 million to $300 million. The additional equity will be used to continue the build-out of its crude gathering system in the Powder River Basin. Irving, Texas-based Silver Creek is a midstream company.   
  Varian says will not match Chinese bid for Australia’s Sirtex: Reuters :  
Varian Medical Systems (VAR.N) said it would not increase its offer to buy Australian liver cancer treatment provider Sirtex Medical Ltd (SRX.AX) after Sirtex on Tuesday said Chinese private equity firm CDH Investments had submitted a formal bid.  
  Riverside provides funding to GermanPersonnel :  
The Riverside Company has made an investment in Munich-based GermanPersonnel, an e-recruiting technology company. No financial terms were disclosed. Lupp+Partner, EY and EY-Parthenon advised Riverside on the transaction.  
  L Catterton backs Vitamin Packs :  
L Catterton has made an undisclosed investment in Vitamin Packs. Previous backer BrandProject also invested in this round. Based in Washington, Vitamin Packs provides daily packs of personalized vitamins.  
  CDPQ beefs up stake in Invenergy Renewables :  
Caisse de dépôt et placement du Québec has increased its stake in Chicago-based Invenergy Renewables LLC, a renewable energy company. No financial terms were disclosed. As a result of the transaction. CDPQ will have a 52.4 percent ownership stake in Invenergy Renewables.  
  Permira to invest $350 mln in WeddingWire :  
Permira has agreed to invest $350 million in WeddingWire, an online marketplace connecting engaged couples with wedding professionals. As part of the deal, WeddingWire's current backer Spectrum Equity will maintain a "significant" minority ownership in the company. The transaction is expected to close early in the third quarter of 2018. Fried, Frank, Harris, Shriver & Jacobsen LLP provided legal advice to Permira while Wilson Sonsini Goodrich & Rosati did likewise for WeddingWire.  
  Argonne sells stakes in 6 portfolio companies through $530 mln continuation fund :  
Argonne Capital Group said May 21 that a continuation fund closed on $530 million. LPs of the fund include GCM Grosvenor, Hamilton Lane and Strategic Partners. Argonne Capital Partners I LP has invested the $530 million in six Argonne portfolio companies: Sunshine Restaurant Partners, the sole master licensee for IHOP in the U.S.; ACG Texas and Peak Restaurant Partners, two IHOP franchisees; On The Border; Krystal; and, National Fitness Partners. The fund acquired all of the equity of the IHOP assets from Argonne and bought partial investments in On The Border, Krystal and National Fitness Partners.  
  TransUnion to buy iovation, Healthcare Payment Specialists :  
TransUnion said May 18 that it agreed to buy iovation. Financial terms weren’t announced. Iovation, which provides consumer-authentication and fraud-detection software, has raised about $17 million in venture funding. Investors include Sapphire Ventures. In a separate announcement, TransUnion said it also agreed to acquire Healthcare Payment Specialists, a provider of Medicare reimbursement. Terms were not disclosed. Nautic Partners is the seller. Morrison & Foerster advised iovation.  
  L Catterton Asia invests in Future Lifestyle Fashions :  
L Catterton Asia, the Asian unit of L Catterton, has invested in Future Lifestyle Fashions Ltd. Financial terms weren’t announced. L Catterton Asia is buying about 10 percent of Future Lifestyle through a mix of preferential allotment and secondary purchase of shares. Future Lifestyle, of Mumbai, is a fashion company with brands including Lee Cooper, Indigo Nation and Jealous 21. Lazard India advised Future Lifestyle.  
  FTV Capital invests $35 mln in Tango Card :  
FTV Capital has invested $35 million in Tango Card. Chris Winship and Robert Anderson are joining Tango Card’s board. Tango Card, of Seattle, provides digital incentives and rewards.  
  Main Capital invests in SDB Ayton :  
Main Capital has acquired a stake in SDB Ayton. Financial terms weren’t announced. SDB Ayton, of The Hague, is a healthcare HR specialist.  
  Ruanne, Cunniff & Goldfarb, RWC in talks to buy Meezan bank’s stake, say sources: Reuters :  
Six institutional investors from the United States and Europe are in talks with Kuwait’s Noor Financial Investment (NOOR.KW) to buy a combined 9.59 percent stake in Pakistan’s top Islamic lender Meezan Bank (AMZN.KA) from the Gulf company, sources told Reuters.  
  Marlin is acquiring corporate wellness company Virgin Pulse, will merge with RedBrick Health :  
Marlin Equity Partners is acquiring Providence, Rhode Island-based Virgin Pulse, a subsidiary of the Virgin Group and provider of employee engagement and well-being solutions. The sellers include Insight Venture Partners. No financial terms were disclosed. Marlin is planning on merging Virgin Pulse with Minneapolis-based RedBrick Health, a health engagement and behavior-based technology company that Marlin recently acquired. Evercore provided financial advice to Virgin Pulse on the deal while William Blair & Company did likewise for Marlin.  
  Permira sells entire stake in Just Group at 143 pence/share: Reuters :  
Private equity investor Permira said on Friday it had sold its entire stake in British specialist pensions provider Just Group for 143 pence a share, Reuters reported.   
  Australia’s BWX Ltd says CEO, Bain Capital make $603 million offer: Reuters :  
Australia’s BWX Ltd (BWX.AX), a marketer of branded skin and hair care products, said on Monday it received an unsolicited takeover offer from two of its senior executives and Bain Capital, valuing the company at A$803 million ($603 million).  
  Kinderhook recaps ASAP :  
Kinderhook Industries LLC has recapitalized Downing, Wisconsin-based All Stages Ag Parts, a provider of used, rebuilt and aftermarket parts for tractors, combines and other farm machinery. No financial terms were disclosed.  
  GTCR and Sycamore complete take-private buyout of CommerceHub :  
GTCR and Sycamore Partners has completed its take-private acquisition of CommerceHub Inc, a distributed commerce network for retailers and brands. No financial terms were disclosed. As a result of the transaction, CommerceHub will no longer trade on the NASDAQ.  
  TRG acquires JP Morgan AIRRO platform :  
The Rohatyn Group has acquired the J.P. Morgan Asian Infrastructure & Related Resources Opportunity platform. No financial terms were disclosed. As part of the deal, the India-based AIRRO investment team will join TRG’s India private markets team. Also, Rajeev Kalra, TRG managing director and India head, will lead the combined group from offices in Mumbai and New Delhi.  
  FCP takes majority stake in Anytime Fitness franchisee Bandon :  
Fireman Capital Partners has acquired a majority stake in Austin, Texas-based Bandon Holdings, an Anytime Fitness franchisee. No financial terms were disclosed. Brookwood Associates was financial adviser to Bandon on the deal. Headquartered in Woodbury, Minnesota, Anytime Fitness is a gym chain.  
  BMC taps Goldman, Credit Suisse to find buyer: Bloomberg :  
BMC Software is up for sale and is working with Goldman Sachs and Credit Suisse to find a buyer, Bloomberg confirmed. The BMC process has drawn interest from Thoma Bravo and KKR, the story. Bain Capital and Golden Gate Capital acquired BMC in 2013 for $6.9 billion.  
  HCA, KKR team up for Envision bid: Reuters :  
U.S. hospital operator HCA Healthcare Inc (HCA.N) and private equity firm KKR & Co (KKR.N) have joined forces to make an offer for U.S. physician services provider Envision Healthcare Corp (EVHC.N), Reuters reported.  
  Blackstone to realize $14 bln on Hilton investment: Bloomberg :  
Blackstone Group is exiting Hilton Worldwide Holdings Inc after 11 years. BX agreed to sell 15.8 million shares of Hilton common stock in privately negotiated transactions. The sale was valued at about $1.3 billion, Bloomberg said. With the sale, Blackstone is exiting Hilton after 11 years and  will realize $14 billion in profit, more than tripling its initial investment, the story said.  
  Apax to sell GlobalLogic stake to Partners Group :  
Apax Partners has agreed to sell its stake in GlobalLogic Inc to Partners Group. Financial terms weren’t announced. The deal values GlobalLogic at $2 billion. In 2017, Apax sold 48 percent of its stake in GlobalLogic to Canada Pension Plan Investment Board. Partners and CPPIB now have an equal stake in GlobalLogic, of San Jose, a provider of digital product engineering services.  
  Accel-KKR buys fintech company Sageworks :  
Accel-KKR has acquired Raleigh, North Carolina-based Sageworks, a provider of financial software and information products to American financial institutions. No financial terms were disclosed.  
  VSS invests in QuadraNet :  
VSS has made an undisclosed investment in QuadraNet. Based in Los Angeles, QuadraNet is a data center provider.  
  CVC acquires Mehiläinen from Triton and KKR :  
CVC Capital Capital has acquired Mehiläinen, a Finnish private health care and social services provider. The sellers were Triton and KKR. No financial terms were disclosed.  
  First Reserve to sell M Group Services from PAI Partners :  
PAI Partners has agreed to acquire M Group Services, a service provider to the regulated infrastructure markets in the UK and Ireland. The seller is First Reserve. No financial terms were disclosed.  
  Carlyle in talks to acquire HGH Infrared Systems :  
The Carlyle Group has entered exclusive talks to acquire a majority stake in HGH Infrared Systems, a French provider of infrared technology solutions. No financial terms were disclosed.  
  Gryphon to take majority stake in Milani Cosmetics :  
Gryphon Investors will acquire a majority stake in Los Angeles-based cosmetics brand Milani Cosmetics. No financial terms were disclosed. Milani's current owners Ralph Bijou and Laurie Minc will retain "significant" minority stakes in the company moving forward. The deal is expected to close next month. Moelis & Company LLC was financial adviser to Milani on the transaction while Financo did likewise for Gryphon.  
  Gamification in education is a growing target for PE :  
By Alex Hicks, MHT Partners Not long ago, it was common to think that kids should stay away from computer or tablet screens, much the way we thought about television. Now, screens are being embraced as educational tools for younger and younger students as parents and educators begin to realize the benefits of the interactivity […]  
  Sterling Partners invests in TSC :  
Sterling Partners has made an investment in Irvine, California-based Traffic Solutions Corp, a provider of traffic control products and services. No financial terms were disclosed.  
  Audax sells HALO Branded Solutions to TPG Growth :  
TPG Growth has acquired HALO Branded Solutions from Audax Private Equity. No financial terms were disclosed. The deal is expected to close in the second quarter of this year. Based in Sterling, Illinois, HALO Branded Solutions is a marketing services platform.  
  Riverside acquires Clarus from Bertram :  
Bertram Capital has sold Clarus to The Riverside Company. No financial terms were disclosed. Based in Fort Worth, Texas, Clarus is a producer of glass visual display solutions.   
  Warren Equity acquires SIMCO :  
Warren Equity Partners has acquired Concord, North Carolina-based SIMCO, a provider of corrosion protection services. No financial terms were disclosed.  
  OpenClassrooms raises $60 mln :  
OpenClassrooms said May 16 that it raised $60 million in Series B Funding led by General Atlantic. Three existing investors also took part. OpenClassrooms, of Paris and London, is an online higher education platform.  
  China approves sale of $18 billion Toshiba chip unit to Bain-led consortium: NHK :  
China regulatory authorities have approved the $18 billion sale of Toshiba Corp’s (6502.T) chip unit to a consortium led by U.S. private equity firm Bain Capital, Japanese public broadcaster NHK reported on Thursday, without citing sources.   
  CVC puts $9 billion Recordati bid on hold as political uncertainty weighs: Reuters :  
Buyout fund CVC Capital Partners held talks with Italian drugmaker Recordati (RECI.MI) over a possible 8 billion euro ($9.4 billion) takeover, but has put the deal on hold due to concerns about the hefty price tag and political uncertainty, sources told Reuters.   
  Sofina to acquire minority stake in Cambridge Associates :  
Sofina SA, a Belgian family-run investment company, agreed to acquire a minority stake in the Boston investment firm Cambridge Associates. Terms weren’t disclosed.  
  Resurgens acquires Assurance Software :  
Resurgens Technology Partners has acquired Assurance Software from Sungard AS. No financial terms were disclosed. JMP Securities LLC represented Sungard AS on the deal. Based in Wayne, Pennsylvania, Assurance Software helps businesses develop business continuity programs.  
  Brynwood acquires Carolina Beverage Group from SunTx Capital :  
SunTx Capital Partners has sold Carolina Beverage Group, a specialty-sized can producer for numerous beverage brands, to Brynwood Partners. No financial terms were disclosed. Cascadia Capital LLC provided financial advice to Carolina Beverage and SunTx Capital Partners on the deal. According to a source familiar with the deal, the transaction generated an approximate 26 percent IRR and a slightly more than 3X return on invested capital.  
  DORA Ventures recaps Tedor Pharma :  
Dora Ventures Inc has recapitalized Cumberland, Rhode Island-based Tedor Pharma, a provider of solid oral dose, controlled substance formulations. No financial terms were disclosed.  
  Warburg Pincus sells Ipan to Castik Capital :  
Castik Capital has acquired Munich-based Ipan Group, a provider of IP management services and software, to Warburg Pincus. No financial terms were disclosed.  
  Blue Wolf takes majority stake in TGW :  
Blue Wolf Capital has acquired a majority stake in UK-based TGW, an industrial knife manufacturer. No financial terms were disclosed.   
  Vector Capital backs KELA :  
The KELA Group, an Israeli provider of advanced cyber intelligence software and solutions, has secured $50 million in funding. The investor was Vector Capital.  
  IVP, CPPIB invest $120 mln in Lulus :  
IVP and Canada Pension Plan Investment Board have invested $120 million in Lulus, a digitally native apparel brand for women. It’s unclear how much of Lulus IVP and CPPIB own. HIG Growth Partners invested in Lulus in 2014.  
  DCP Capital to invest in Venus Medtech :  
DCP Capital has agreed to invest in Venus Medtech. Financial terms weren’t announced. Venus Medtech, of Hangzhou, China, develops heart valves. Haoyue Capital provided financial advice.  
  TPG raises Tanium investment, company now valued at $5 billion: Reuters :  
TPG’s growth investment arm has raised its stake in Tanium Inc with a $175 million investment, valuing the U.S. cyber security start-up at about $5 billion, Reuters reported.   
  O2 invests in 1 Priority Environmental :  
O2 Investment Partners said May 15 that it has invested in 1 Priority Environmental Services. Financial terms weren’t announced. 1 Priority provides asbestos abatement and related environmental services, primarily in the Southern United States. Deerpath Capital Management and Green Bank provided debt financing for the transaction.  
  O2 invests in EMEX :  
O2 Investment Partners said May 4 that it invested in EMEX LLC. Financial terms weren’t announced. EMEX, of Houston, is an energy-focused services provider that runs an online buying and selling platform for gas and electricity, according to Crain’s Detroit Business. O2, of Bloomfield Hills, Michigan, is a lower middle market PE firm.  
  Trive acquires the assets of Wellman Dynamics Corp :  
Trive Capital has acquired the assets of Creston, Iowa,-based Wellman Dynamics Corp, an aerospace supplier. No financial terms were disclosed for the transaction that was done in accordance with Section 363 of the U.S. Bankruptcy Code.  
  Kelso & Company and Blue Wolf complete Jordan Health acquisition :  
Kelso & Company and Blue Wolf Capital Partners have closed their previously announced acquisition of Jordan Health Services, a home care provider, from Palladium Equity Partners. As a result of the closing, Jordan will merge with Great Lakes Caring and National Home Health Care, both of which are backed by Blue Wolf.  
  Manipal, TPG swoop in with sweetened bid for India’s Fortis: Reuters :  
India’s Manipal Hospital and private equity firm TPG Capital Management on Monday sweetened their bid to buy Fortis Healthcare Ltd, just days after the Fortis board said it favored a rival offer to the dismay of many shareholders, Reuters reported.  
  CatchMark and investor group to buy East Texas timberlands for about $1.39 bln :  
CatchMark Timber Trust Inc and a consortium of investors that include BTG Pactual Timberland Investment Group, Highland Capital Management, Medley Management Inc and an unnamed Canadian institutional investor have agreed to acquire 1.1 million acres of prime East Texas timberlands. The seller is Campbell Global. The price of the transaction is about $1.39 billion. Raymond James was financial adviser to CatchMark on the deal while Perella Weinberg Partners LP did likewise for Campbell Global and its institutional investors.  
  Spindletop Capital invests in Tricity Pain Associates, Interventional Pain Management :  
Spindletop Capital Management has recapitalized and invested in Tricity Pain Associates and Interventional Pain Management. Financial terms weren’t announced. Tricity Pain, of San Antonio, Texas, and Interventional Pain Management, are providers of pain management. The Bloom Organization provided financial advice, while DLA Piper acted as legal counsel to TPA. McDermott Will & Emery provided legal counsel to SCM.  
  NovaQuest Capital buys majority of Clinical Ink :  
NovaQuest Capital Management LLC has acquired a majority of Clinical Ink. Financial terms weren’t announced. RTI International co-invested with NovaQuest. Clinical Ink, of Winston-Salem, North Carolina, provides clinical research technology. Silicon Valley Bank also provided a flexible credit facility to Clinical Ink. Baird provided financial advice to Clinical Ink, while Hogan Lovells supplied legal advice. Wyrick Robbins provided legal advice to NovaQuest.  
  Halifax Group invests in ChanceLight Behavioral Health :  
Halifax Group has invested in ChanceLight Behavioral Health, Therapy & Education. Financial terms weren’t disclosed. ChanceLight, of Nashville, provides behavioral health, therapy and education solutions for children and young adults.  
  Warburg, Becamex IDC launch Vietnam joint venture :  
Warburg Pincus and Becamex IDC Corp have launched a joint venture in Vietnam. BW Industrial Development Joint Stock Co, of Ho Chi Minh City, Vietnam, is a 'for-rent' industrial and logistics developer. BW Industrial has more than 2 million square meters of projects under development and an initial investment of $200 million.  
  Xerox may go up for sale: Bloomberg :  
Xerox Corp may go up for sale now that it’s proposed deal with Fujifilm is off, Bloomberg is reporting. Xerox investors Darwin Deason and Carl Icahn have held talks with “several private equity firms” about a potential deal, the story said. Deason also said that cutting a new deal with Fujifilm could be “the very best thing to do,” Bloomberg said.  
  Rockport files Chapter 11, Charlesbank to buy assets :  
Rockport Group said May 14 that it filed Chapter 11 bankruptcy in Delaware. At the same time, Rockport said that Charlesbank Capital Partners had entered into an asset purchase agreement to buy all of Rockport’s assets. Charlesbank is serving as “stalking horse bidder" in a court-supervised sale process. Rockport said it had obtained $20 million in new-money debtor-in-possession ("DIP") financing from its existing noteholders, which along with an existing $60 million credit facility, will provide the company with liquidity through the process. Rockport, of Newton, Massachusetts, is a men’s and women’s footwear company.  
  River Associates acquires GAHH :  
River Associates Investments LP has acquired North Hollywood, California-based GAHH, a maker of aftermarket convertible tops, Jeep tops, seat covers and vehicle interiors. No financial terms were disclosed. Abacus Finance and Eagle Private Capital provided the financing for the deal. Bass, Berry & Sims advised River Associates on the transaction while Katten Muchin Rosenman LLP and Prestwick Advisors LLC advised GAHH.  
  TPG puts British discount retailer Poundworld up for sale, says source: Reuters :  
Private equity group TPG has put British discount chain Poundworld up for sale after receiving expressions of interest, prompting it to put a planned restructuring of the group on hold, a source told Reuters.  
  Fulcrum acquires Liberation Way :  
Fulcrum Equity Partners has acquired a majority stake in Yardley, Pennsylvania-based Liberation Way, a drug and alcohol addiction treatment facility. No financial terms were disclosed for the transaction that was done with participation from Vocap Investment Partners.  
  KKR and Oaktree acquire ProServ :  
KKR and Oaktree Capital Management LP have acquired ProServ, an energy services company, for $50 million. As a result of the deal, David Lamont is stepping down as CEO. Kirkland & Ellis LLP counseled Oaktree Capital Management and KKR on the transaction.  
  IWG shares jump on prospect of three-way bidding war: Reuters :  
IWG (IWG.L) shares surged as much as 24 percent after the British serviced office provider disclosed it had received takeover approaches from a trio of suitors, stoking speculation it could fetch a price of $4.4 billion in a bidding war, Reuters reported.   
  TPG invests $47.5 mln in Kenyan digital payments firm Cellulant: Reuters :  
Private investment firm TPG has paid $47.5 million to acquire an unspecified stake in Kenyan digital payments firm Cellulant, which operates in 11 African markets, both firms said on Monday, Reuters reported.   
  Ardian sells ESIM to Sun European Partners :  
Sun European Partners has acquired ESIM Chemicals, an Austrian chemical maker, from Ardian. No financial terms were disclosed.   
  JMI Equity backs CipherHealth :  
New York City-based CipherHealth, a patient communication, engagement and care coordination software company, has secured an undisclosed amount of funding. The investor was JMI Equity.  
  Australia’s Healthscope gets $3.3 billion Brookfield approach, sparking bid war hopes: Reuters :  
Canadian investment firm Brookfield Asset Management (BAMa.TO) made a $3.3 billion approach for Australian hospital group Healthscope (HSO.AX), trumping a local buyout proposal and sending shares of the target up to a two-year high on Monday, Reuters reported.   
  SoftBank, PIF in early funding talks with banks on huge solar project, say sources: Reuters :  
SoftBank Group Corp (9984.T) and Saudi Arabia’s Public Investment Fund are in early talks with banks about potential funding for a multi-billion dollar solar power project planned in the kingdom, sources told Reuters.  
  Edison Partners divests stake in Billtrust to W Capital :  
Edison Partners has sold its stake in Hamilton, New Jersey-based Billtrust, a provider of payment cycle management solutions, to W Capital Partners. No financial terms were disclosed.  
  OMERS Private Equity to buy Alexander Mann in $1.1 bln deal :  
OMERS Private Equity has agreed to acquire Alexander Mann Solutions, a London-based provider of talent acquisition and management services. The deal, expected to close in the second quarter, is valued at $1.1 billion. The seller is New Mountain Capital, which bought the company in 2013. Established in 1996, Alexander Mann serves more than 100 clients across seven industries in over 85 countries.  
  Cinven to buy Ufinet International :  
Cinven has agreed to acquire Madrid, Spain-based Ufinet International, the international operations of Ufinet Group, an independent fiber network operator. No financial terms were disclosed. The deal is expected to close in July 2018.  
  Kohlberg buys Senneca Holdings :  
Kohlberg & Co has acquired Senneca Holdings Inc. Financial terms weren’t announced. Audax Private Equity was the seller. Senneca, of Cincinnati, designs and makes built-to-order specialty doors including traffic doors, flexible strip doors, specialty glass doors, and data center enclosures under industry leading brands such as Chase™, Eliason™, TMI™, Thermoseal™ and SubZero™. Paul, Weiss, Rifkind, Wharton & Garrison LLP served as legal counsel to Kohlberg. Antares Capital, Golub  Capital, Partners Group and Goldman Sachs Asset Management provided debt financing.  
  Cinven to buy JLA Group :  
Cinven said May 14 that it agreed to buy JLA Group. Financial terms weren’t announced. Hg was the seller. JLA, of Ripponden, West Yorkshire, provides commercial laundry, catering and heating solutions to more than 25,000 small and medium-sized enterprise customers. Skadden advised Hg.  
  WestView Capital invests in Cognito Forms, a VC3 spin-off :  
WestView Capital has made an undisclosed investment in Columbia, South Carolina-based Cognito Forms, an online form builder and data/payment collection platform. Cognito was spun-off from VC3, a portfolio company of WestView Capital. Cognito Forms is led by CEO Jamie Thomas and President Jennifer Dellacroce.  
  KKCG says has submitted bid for Czech Innogy assets: Reuters :  
Czech investment group KKCG said on Friday it had submitted a bid to buy all Czech assets of German energy firm Innogy (IGY.DE).  
  Louis Dreyfus completes $466 million sale of metals unit to Chinese fund: Reuters :  
Louis Dreyfus Company [AKIRAU.UL] said on Friday it had completed the sale of its metals business to a Chinese investment fund for $466 million, as part of a push to revive profits by focusing on its core agricultural markets.  
  Britain’s Zoopla, PrimeLocation bought by Silver Lake for $3 billion: Reuters :  
Silver Lake is buying Zoopla and PrimeLocation owner ZPG (ZPG.L) for 2.2 billion pounds ($3 billion), landing the Daily Mail publishing group a 642 million pound windfall for cashing out of online property portals, Reuters reported.   
  Silverfleet agrees to buy industrial resins business Prefere Resins :  
Silverfleet Capital agreed to buy a majority stake in Germany-based Prefere Resins Holding, which makes resins used as binding agents in the industrial and construction sectors. The deal is subject to regulatory approval. Terms of the transaction were not disclosed. The acquisition is Silverfleet's eighth from its current fund and its third in Germany.  
  1K1V provides funding to HEPSA :  
Higher Ed Partners South Africa, an online education company in Johannesburg, South Africa, has secured an undisclosed amount of funding. The investor was One Thousand & One Voices.  
  LaSalle Capital funds Fresh Origins :  
LaSalle Capital has made an investment in San Marcos, California-based Fresh Origins, a grower of microgreens and edible flowers in North America. No financial terms were disclosed.  
  Board game company Asmodee explores sale, say sources: Reuters :  
Asmodee Group, the French maker of board game Catan and distributor of Pokemon cards in parts of Europe, is exploring a sale that could value it at more than 1.5 billion euros ($1.7 billion), sources told Reuters.  
  Advent Intl shopping its stake in Avianca mileage program, say sources: Reuters :  
Buyout firm Advent International Corp has hired Morgan Stanley to sell its stake in the loyalty program of airline Avianca Holdings SA, sources told Reuters.  

What we do

Certus Capital Partners are international capital raising specialists focused on the global Healthcare, Energy and Sports Entertainment sectors. Through unique market positioning and an extensive network of key industry relationships, we are able to provide our clients with access to leading sector specialist corporate and Institutional investment funds deploying capital across the Startup, Venture Capital, and Mid-Market arena on an international basis.

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Sectors

Certus’s fundraising capabilities cover three main sectors, allowing our commercial specialists to focus on monitoring latest capital movements & M&A activity within these domains and to provide each Capital Raiser with a fully bespoke approach to investor research and selection.

Healthcare

Private Equity & Investments

Healthcare

Certus support Capital Raisers seeking equity capital across the full value chain of the Healthcare sector. This incorporates:

  • Biotechnology
  • Biomedicine
  • Healthcare IT
  • Healthcare Services
  • Life Sciences
  • Medical Devices
  • Medical Instruments
  • Medical Technologies
  • Pharmaceuticals
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Sports & Entertainment

Sports & Entertainment

Given the rapid growth of M&A within the Sports & Entertainment space, Certus have supported investment appetite from the US and Asia in particular. Our capital focus lies within three main sectors:

  • Sports Teams & Franchises
  • Sports Events
  • Sports Technology
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Capital Raising & Solutions

Oil and Gas

Oil & Gas Capital Raising

Oil and Gas

Our Oil & Gas capital raising experience spans the breadth of the Upstream and Downstream sector with particular emphasis on the early stage E&P and Oilfield services domain.

Previous engagements have focused largely on the North American and West African exploration regions, capitalising on the key relationships we hold within the Private Equity, Governmental and Professionals services sphere.

Investor registration

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Capital Raiser registration

If you wish to register as a Capital Raiser with Certus Capital Partners, please click below

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