BRSF invests in Magpie Education

UK-based Magpie Education, a firm that focuses on inspiring students in STEM subjects, has secured 300,000 pounds in funding. The investor was British Robotics Seed Fund. PRESS RELEASE Martlesham, 15 January 2018. Magpie Education, a firm that aims to inspire students in STEM subjects, through its engaging, cost-effective, AI driven resource tool, has secured seed investment from the British Robotics Seed Fund (BRSF). The investment sees Magpie Education join a portfolio of UK firms in robotics related fields, from Zoa Robotics to Botskill and Tethered Drone Systems. Funding will be used to market and develop the tool for UK schools, and expand internationally, in the future. Magpie Education launches in Spring 2018 with plans to grab a share of the UK EdTech market, which is expected to reach £3.4 billion by 2021 and is growing 22% year on year. UK EdTech companies are predicted to grow, on average,
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Renovus Capital buys controlling stake in Practicing Clinicians Exchange

Renovus Capital Partners said Jan. 15 that it acquired a controlling stake in Continuing Education Alliance LLC and Practicing Clinicians Exchange. Financial terms weren’t announced. Continuing Education is the corporate owner of Practicing Clinicians, of Stamford, Connecticut, which provides education for nurse practitioners and physician assistants. Berkery Noyes Investment Banking provided financial advice to PCE along with Guzowski Advisory. DLA Piper served as legal counsel and CTS as a financial advisor to Renovus. PRESS RELEASE WAYNE, Pa.–(BUSINESS WIRE)–Renovus Capital Partners, a private equity firm focused on the education, training and human capital sectors, announced today that it has acquired a controlling interest in Continuing Education Alliance, LLC and Practicing Clinicians Exchange (PCE). Based in Stamford, CT, PCE is the national leader in education for nurse practitioners and physician assistants, two of the fastest growing professions in the United States. PCE was created in 2006
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Oaktree Capital seeks buyer for Hesira Group: WSJ

Oaktree Capital Management LLC plans to put Hesira Group Ltd up for sale, the Wall Street Journal reported. Jefferies Group has been hired to advise, the story said. Hesira, of Guildford, England, is a European dentistry company.

Cerberus, JC Flowers offer to buy HSH Nordbank AG

Cerberus Capital Management LP and J.C. Flowers & Co LLC have made a joint 700 million euro ($850 million) bid for HSH Nordbank AG, Bloomberg reported. Apollo Global Management is also vying for lender, the story said. To comply with conditions set by the EU that approved the 2009 bailout of the bank, HSH Nordbank must be privatized by next month or wound down, Bloomberg said.

Inflexion Private Equity buys Alston Elliot

Inflexion Private Equity has acquired Alston Elliot. Financial terms weren’t announced. Alston Elliot, of the U.K., provides data-driven graphics solutions for live sports broadcasts. Livingstone advised Inflexion. PRESS RELEASE Livingstone’s Media & Technology sector team has advised Inflexion Private Equity on its buy-out of Alston Elliot, a leading provider of premium data-driven graphics solutions for live sports broadcasts. Alston Elliot was founded in 1992, initially to provide computerised graphics to the BBC for its coverage of test cricket and World Snooker events. Today the business employs more than 100 people across its offices in London, Johannesburg, New Delhi and Melbourne with clients including Sky, BT, ESPN, Fox, Star, SuperSport and the BBC. The business is led by CEO Nick Baily, who has 27 years’ experience in the TV sports broadcast industry. Sport is widely considered to be the last live TV event as many other programmes have moved
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Barings adds Aldea investment professionals to staff

Aldea Capital Partners‘ five-member investment team has joined Barings Alternative Investments group. The Aldea team has merged with BAI’s funds and co-investments platform. Mina Pacheco Nazemi and Patrick O’Hara, co-founders of Aldea, will be based in Charlotte, North Carolina. PRESS RELEASE CHARLOTTE, N.C. (January 12, 2018) – Barings, a leading global financial services firm with over $300 billion in assets under management, announced today that the five member investment team from Aldea Capital Partners has joined Barings Alternative Investments (BAI) group. The Aldea team, a provider of customized private equity solutions, has integrated with BAI’s Funds & Co-Investments (FCI) platform, a team consisting of 25 investment professionals across North America, Europe and Asia Pacific. Mina Pacheco Nazemi and Patrick O’Hara, the co-founders of Aldea, will be located in Charlotte, N.C. and Nazemi will assume a position on FCI’s leadership team and Investment Committee. “As investor demand
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Z Acquisition LLC to acquire Zais Group in take-private deal

Z Acquisition LLC, Christian Zugel‘s blank check company, has agreed to acquire Zais Group Holdings in a take-private deal for $4.10 per share. Upon closing of the deal, Zais will no longer trade on the NASDAQ. Based in Red Bank, New Jersey, Zais is an investment adviser and asset management firm focused on specialized credit strategies. PRESS RELEASE RED BANK, N.J., Jan. 12, 2018 /PRNewswire/ — ZAIS Group Holdings, Inc. (NASDAQ: ZAIS) (“ZAIS” or the “Company”) today announced that it has signed a definitive merger agreement with Z Acquisition LLC, a Delaware limited liability company (“Z Acquisition”), and ZGH Merger Sub, Inc., a wholly-owned subsidiary of ZAIS. Christian Zugel, the founder of ZAIS Group, LLC, the Company’s operating subsidiary, and the Company’s Chairman and Chief Investment Officer, is the sole managing member of Z Acquisition. Pursuant to the merger agreement, all of the outstanding
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PE-backed Silver Creek Midstream buys Red Butte

Silver Creek Midstream, which is backed by Tailwater Capital, has acquired Red Butte Pipe Line, a crude oil gathering system. The seller was Merit Energy. No financial terms were disclosed. Locke Lord provided legal advice to Silver Creek Midstream on the transaction. PRESS RELEASE DALLAS, Jan. 12, 2018 /PRNewswire/ — Silver Creek Midstream, LLC (“Silver Creek Midstream” or “Silver Creek”), a private midstream company located in Irving, Texas, announces the acquisition of Red Butte Pipe Line LLC (“Red Butte”) from Merit Energy Company (“Merit”) on December 28, 2017. Red Butte is a 530-mile crude oil gathering system with an expansive footprint across the Big Horn and Wind River Basins. Red Butte is anchored by a long-term dedication, and is currently the largest pipeline gathering asset transporting crude oil out of the Big Horn and Wind River Basins to Casper, WY. With the acquisition, Silver Creek Midstream establishes
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PE-backed Stonewall Kitchen buys Tillen Farms

Stonewall Kitchen, a portfolio company of Centre Partners, has acquired Tillen Farms, a provider of cocktail garnishes. No financial terms were disclosed. PRESS RELEASE New York, January 12, 2018 – Centre Partners, a leading middle market private equity firm with offices in New York and Los Angeles, today announced that its portfolio company Stonewall Kitchen, a leading specialty food manufacturer, marketer and retailer, has completed its acquisition of the Tillen Farms brand of premium cocktail garnishes, including uniquely-crisp pickled vegetables and delicious Pacific Northwest cherries. Financial terms of the transaction were not disclosed. “We are very excited to combine our two premium specialty food brands,” said John Stiker, Chief Executive Officer of Stonewall Kitchen. “Tillen Farms is a strong and well-recognized brand and a leader in the pickled vegetable and cocktail cherry categories, with delicious offerings like pickled asparagus, spicy dilly beans, and their signature Bada Bing®
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Alinda buys Kelling from Elysian Capital

Alinda Capital Partners has acquired UK-based Kelling Group Limited, which owns and leases specialty equipment supporting the maintenance and upgrade of rail, road, telecommunications, street lighting, electric transmission and other critical infrastructure. The seller was Elysian Capital. No financial terms were disclosed. PRESS RELEASE GREENWICH, CT – Alinda Capital Partners (Alinda) announced today that investment funds managed by Alinda, along with company management, have acquired 100% ownership of Kelling Group Limited (Kelling) from Elysian Capital. Terms of the transaction were not released. Kelling is a UK company which owns and leases specialty equipment supporting the maintenance and upgrade of rail, road, telecommunications, street lighting, electric transmission, and other critical infrastructure. The company is headquartered in West Yorkshire, with assets on-hire throughout Great Britain. Kelling does business through two subsidiary divisions, Access Hire Nationwide (AHN), and Welfare Hire Nationwide (WHN). AHN is the largest provider of vehicle-mounted access platforms (VMAPs)
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Blackstone-backed Gates sets IPO pricing terms

Gates Industrial Corp, a maker of products for the industrial and consumer markets, has priced its IPO of 38.5 million shares at between $18 and $21 per share. The stock will trade on the New York Stock Exchange under the ticker symbol “GTES.” Citigroup, Morgan Stanley and UBS Investment Bank are the lead underwriters. Gates is backed by Blackstone. PRESS RELEASE DENVER, Jan. 12, 2018 /PRNewswire/ –­ Gates Industrial Corporation plc (“Gates” or “the Company”), a global manufacturer of products used in many sectors of the industrial and consumer markets, announced today the launch of its initial public offering of 38,500,000 of its ordinary shares. The initial public offering price is expected to be between $18.00 and $21.00 per share. Gates expects to grant the underwriters a 30-day option to purchase up to an additional 5,775,000 ordinary shares. Gates has been approved to list its
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Serent Capital invests in BirchStreet Systems

Newport Beach, California-based BirchStreet Systems, a provider of procure-to-pay automation software for customers in the hospitality, restaurant, and food service industries, has raised an undisclosed amount of funding. The investor was Serent Capital. PRESS RELEASE San Francisco, CA – January 11, 2018 – Serent Capital, a San Francisco-based private equity firm focused on investing in high-growth technology and services businesses, has made a minority investment in BirchStreet Systems, the leading provider of cloud-based procure-to-pay automation software for customers in the hospitality, restaurant, and foodservice industries. BirchStreet’s suite of solutions encompasses eProcurement, Accounts Payable Automation, Inventory Management, Recipe System Management, and Capital Projects. The software increases efficiency by streamlining many manual processes and creates a comprehensive, intelligent view of spending compliance. In doing so, BirchStreet offers value to its customers by reducing costs, simplifying and improving visibility into key business processes, enhancing control over spending decisions, and improving on-contract spend
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Qualifio lands Series A funding

Qualifio, a European interactive marketing and data collection platform, has secured 3 million euros in Series A funding, according to a blog post. The backers were Volta Ventures and Société Régionale d’Investissement de Wallonie, the investment arm of the Walloon Region in Belgium.

SmithRx nabs $9 mln Series A

San Francisco-based SmithRx, a pharmacy benefit manager, has secured $9 million in Series A funding. Founders Fund led the round with participation from other investors that included Blumberg Capital, NextGen Venture Partners and Box Group. Source: Press Release

Oak Hill-backed Imagine! buys GFX

Imagine! Print Solutions, a portfolio company of Oak Hill Capital Partners, has acquired Grayslake, Illinois-based GFX International, a retail design and execution firm. No financial terms were disclosed. PRESS RELEASE MINNEAPOLIS, Minn. (January 12, 2018) – Imagine! Print Solutions (“Imagine!“) is pleased to announce that GFX International (“GFX”) has joined the Imagine! family of companies. GFX is a premier retail design and execution firm based in Grayslake, Illinois. With the acquisition of GFX and the continued support of Oak Hill Capital Partners, Imagine! continues to add world-class capabilities and customer solutions in support of its vision: To become the world’s most admired visual communications company, thrilling customers through innovation and execution. John Hans, CEO of Imagine!, is highly enthusiastic about the partnership and stated, “Adding GFX’s talented management and client teams, custom technology platforms, and unique market positioning to Imagine!’s visual solutions offering and
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The Rise Fund backs micro-investing app Acorns

The Rise Fund, TPG‘s investment fund, has made an investment in Acorns, a micro-investing app. No financial terms were disclosed. PRESS RELEASE Irvine, Calif., Fort Worth, Texas, San Francisco, Jan. 12, 2018 — On the heels of its PayPal integration, Acorns, the country’s leading micro-investing app, just surpassing 2.7 million investment accounts, today announced an investment from The Rise Fund, TPG’s global investment fund committed to achieving measurable social and environmental outcomes alongside competitive financial returns. The transaction marks The Rise Fund’s first investment in a FinTech company, underscoring Acorns commitment to its mission — to look after the financial best interests of the up-and-coming. By helping people invest for the future, earn extra money, and grow their knowledge, the 150-person company is championing financial inclusion — of the 182 million Americans making less than $100,000 a year, and the 69% who don’t have $1,000 in
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TPG Growth-backed Xponential Fitness acquires Row House

Xponential Fitness, which is backed by TPG Growth, has acquired New York City-based Row House, a fitness studio offering group indoor full-body rowing workouts. No financial terms were disclosed. PRESS RELESE COSTA MESA, Calif., Jan. 10, 2018 /PRNewswire/ — Just weeks after its creation, Xponential Fitness, the holding entity that curates the best brands in every vertical of the boutique fitness space, has added yet another brand to its growing portfolio. The latest acquisition for Xponential Fitness is New York City-based rowing concept, Row House. With industry experts including The Associated Press predicting that indoor rowing will quickly become the new boutique fitness go-to in 2018, the timing was right for Xponential’s acquisition of the successful brand. Created by Eric and Debra Von Frohlich, fitness industry veterans, Row House is a boutique rowing concept that strives to give people of all different fitness levels an efficient, high-cardio,
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Pitney Bowes gets interest from Blackstone, Carlyle: FT, citing Bloomberg

U.S. mail management company Pitney Bowes Inc (PBI.N) has received takeover interest from private equity firms Blackstone Group LP (BX.N) and Carlyle Group LP (CG.O), according to the Financial Times, citing a Bloomberg report. Pitney’s shares closed up nearly 15 percent on Thursday. “We do not comment on rumors or speculation,” a Pitney Bowes spokeswoman told Reuters.
Blackstone declined to comment, while Carlyle could not be immediately reached for comment.

CenterGate invests in ACP

CenterGate Capital has made an undisclosed investment in AC Photonics. Robert Ullman of Dinan Capital Advisors served as financial adviser to ACP on the transaction. Based in Santa Clara, California, ACP is a provider precision optical and fiber optic components and modules. PRESS RELEASE SANTA CLARA, CALIF. (PRWEB) JANUARY 11, 2018 CenterGate Capital (“CenterGate”), an Austin-based private equity investment firm, announced today that it has made an investment in AC Photonics (“ACP”), a leading provider of precision optical and fiber optic components and modules designed and engineered to its customers’ precise specifications.
Headquartered in Santa Clara, California, ACP designs and engineers its products to its customers’ precise specifications, creating photonic solutions across a wide range of fiber optic communication applications. With an industry leading quality control program that delivers high reliability products, its product portfolio includes fiber optic components and modules, both passive and active, fused and/or filter based– all
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