Equistone Partners to buy Vulcain Ingénierie


This post is by Luisa Beltran from PE Hub Blog: Buyout Deals


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Equistone Partners Europe said June 24 that it is buying Vulcain Ingénierie. NiXEN Partners, Initiative & Finance are the sellers. Financial terms weren’t announced. Vulcain Ingénierie is a French engineering consultancy group serving the energy and pharmaceuticals sectors.

PRESS RELEASE

Equistone Partners Europe enters into exclusive negotiations with NiXEN Partners and Initiative & Finance for the acquisition of Vulcain Ingénierie

Paris, 24 June 2019 – Equistone Partners Europe (“Equistone”), one of Europe’s leading investors in mid-market buyouts, today announces it has reached an exclusive negotiation agreement with NiXEN Partners, Initiative & Finance and the management team for the acquisition of Vulcain Ingénierie (“the Group”). The completion of the deal remains subject to the approval of employees’ representatives and relevant authorities.

Founded in 1998, Vulcain Ingénierie is a leading French engineering consultancy group serving the energy and pharmaceuticals sectors. Thanks to its specialist positioning, Vulcain Ingénierie has grown into a

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Congruex buys Terra Technologies


This post is by Luisa Beltran from PE Hub Blog: Buyout Deals


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Congruex said June 24 that it acquired Terra Technologies LLC. Financial terms weren’t announced. Terra, of McHenry, Illinois, is a specialized civil engineering and construction firm. Congruex is backed by Crestview Partners.

PRESS RELEASE

CRESTVIEW PARTNERS-BACKED CONGRUEX ACQUIRES TERRA TECHNOLOGIES, LLC

— Terra Technologies is Congruex’s fifth acquisition —

— Further positions Congruex as one of the largest end-to-end telecom engineering and construction platforms in the United States —

Boulder, CO and McHenry, IL, June 24, 2019 – Congruex, a national end-to-end provider of design, engineering, construction, construction management and maintenance services to broadband service providers, today announced the acquisition of Terra Technologies, LLC. Financial terms of the transaction were not disclosed.

Founded in 2011, privately-held Terra Technologies is headquartered in McHenry, IL. The company is a specialized civil engineering and construction firm with a deep expertise in legal mandate projects involving the mandatory relocation of existing telecommunication lines in

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Main Capital invests in Onventis


This post is by Luisa Beltran from PE Hub Blog: Buyout Deals


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Main Capital said June 24 that it acquired a stake in Onventis. Financial terms weren’t announced. Onventis provides a cloud platform for e-procurement.

PRESS RELEASE
Main Capital acquires a majority stake in Onventis
Düsseldorf/Stuttgart, 24th of June 2019
Main Capital, in conjunction with the Onventis management team, has acquired a strategic stake in Onventis, a cloud-based platform provider for e-procurement. Through its rich set of functionalities, Onventis’s software offers both buyers and suppliers a user-friendly and fully-integrated suite to connect, automate and control the entire chain from sourcing to payment.
Founded in 2000 with headquarters in Stuttgart, Onventis has quickly grown into a leading, open procurement solution for the German Mittelstand. The Company’s offering steers procurement processes of direct and indirect materials in strategic and operational procurement. The Onventis procurement network channels more than Euro 5.5 billion purchasing volume per year for approx. 350,000 users and 35,000 suppliers globally.

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Hamilton Lane Co-Investment Fund IV raises $1.7 bln


This post is by Luisa Beltran from Pe Hub Blog: Firms & Funds


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Hamilton Lane said June 24 that its latest co-investment fund closed on about $1.7 billion. Hamilton Lane Co-Investment Fund IV will provide direct equity capital into buyout and growth transactions alongside GPs.

PRESS RELEASE

Hamilton Lane Closes Latest Co-Investment Fund above Target

The firm’s fourth co-investment fund is the largest to-date, with approximately $1.7B in total commitments from investors around the world

Bala Cynwyd, Penn. – June 24, 2019 – Hamilton Lane (NASDAQ: HLNE) today announced the final closing of Hamilton Lane Co-Investment Fund IV (“the Fund”). The Fund closed above its target, with approximately $1.7B in total commitments from a wide range of global investors including public pensions, sovereign wealth funds, Taft-Hartley pension plans, endowments, foundations, high-net-worth individuals and other financial institutions.

This fund represents the fourth dedicated vehicle of its kind and is a key component of Hamilton Lane’s co-investment activity globally. The Fund’s strategy

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Align Capital buys majority of E Source


This post is by Luisa Beltran from PE Hub Blog: Buyout Deals


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Align Capital Partners said June 24 that it acquired a majority of E Source. Financial terms weren’t announced. E Source, of Boulder, Colorado, provides market intelligence services for utility employees and senior leaders across North America.

PRESS RELEASE

Align Capital Partners to Help Power E Source

CLEVELAND and DALLAS, June 24, 2019 – Align Capital Partners (“ACP”) is pleased to announce the majority acquisition of E Source (the “Company”), a leading provider of customer-focused research, data, and consulting for utilities and their partners.  Headquartered in Boulder, Colorado, E Source provides subscription-based market intelligence services for thousands of utility employees and senior leaders across North America.  The Company’s unique insights into key areas of demand side management, customer experience, and marketing, help utilities adapt to ever-changing business and market conditions. Financial terms of the transaction were not disclosed.

 

“ACP’s investment is a significant milestone for our company, our

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Cottier named CEO at Aceto


This post is by Luisa Beltran from PE Hub Blog: Human Resources


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Aceto said June 20 that Gilles Cottier was named CEO while Rakesh Sachdev was appointed chairman of the board of directors. Aceto Corp sold its chemicals business to New Mountain Capital in April.

PRESS RELEASE

PORT WASHINGTON, N.Y.–(BUSINESS WIRE)–Aceto, a leading virtual manufacturer engaged in the development, marketing and sale of specialty materials serving the life sciences, nutrition, agricultural and advanced technology end markets, announced the appointment of Gilles Cottier as Chief Executive Officer and Rakesh Sachdev as Chairman of the Board of Directors.

 

“We are pleased to welcome Gilles and Rakesh to Aceto,” said Andre Moura, Managing Director at New Mountain Capital. “Gilles and Rakesh have both demonstrated an exceptional ability to understand customer need and create value for customers, employees and supplier partners within the specialty materials and life sciences industries. We look forward to working closely with Gilles and Rakesh as we

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KKR to sell part of Weststar Aviation stake: Bloomberg


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KKR is near a deal to sell a portion of its 40 percent stake in Weststar Aviation Services Sdn to the company’s controlling shareholder, Bloomberg is reporting. Westar, a provider of helicopters for the offshore energy industry, could be valued at about $2 billion, the story said.

O’Halloran joins Maranon Capital


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Ann O’Halloran has joined Maranon Capital LP as a controller. O’Halloran was previously vice president and controller at Kramer Van Kirk Credit Strategies.

PRESS RELEASE

CHICAGO–(BUSINESS WIRE)–Maranon Capital, L.P. (“Maranon”) announced today that Ann O’Halloran has joined the firm as a Controller. As a member of Maranon’s operations team, she will be responsible for providing financial analysis and reporting and managing loan activity.
Ann brings more than 18 years of broad-based accounting and finance experience to Maranon. Prior to joining Maranon, Ann was a Vice President and Controller at Kramer Van Kirk Credit Strategies. Ann’s previous experience also includes LightPoint Capital where she was a Credit Analyst.
Ann earned an M.B.A. in Finance from the Kellstadt Graduate School of Business at DePaul University and a B.S. in Liberal Studies from the University of Illinois Urbana-Champaign.
About Maranon Capital
Maranon Capital, L.P. is an investment firm

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Paine-backed FoodChain ID buys Decernis


This post is by Luisa Beltran from PE Hub Blog: PE-Backed Mergers and Acquisitions


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FoodChain ID, a portfolio company of Paine Schwartz Partners LLC, said June 19 that it acquired Decernis LLC. Financial terms weren’t announced. Decernis provides technology and content solutions for compliance, safety, and risk management.

PRESS RELEASE

DEERFIELD, Ill. and ROCKVILLE, Md., June 19, 2019 /PRNewswire/ — FoodChain ID (“FoodChain ID”), a Paine Schwartz Partners, LLC portfolio company and a market leading platform dedicated to providing technology enabled food safety, quality, and sustainability solutions, today announced that it has acquired Decernis LLC (“Decernis”), a leading provider of technology and content solutions for compliance, safety, and risk management.
Founded in 2003, with global headquarters near Washington, DC, USA, and a European regional office in Kelkheim, Germany, Decernis delivers global compliance and risk management systems and services in the food, consumer products, and chemical sectors. Decernis delivers enterprise solutions that integrate with client processes to give horizon scanning and predictive

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Paine-backed FoodChain ID buys Decernis


This post is by Luisa Beltran from PE Hub Blog: PE-Backed Mergers and Acquisitions


Click here to view on the original site: Original Post




FoodChain ID, a portfolio company of Paine Schwartz Partners LLC, said June 19 that it acquired Decernis LLC. Financial terms weren’t announced. Decernis provides technology and content solutions for compliance, safety, and risk management.

PRESS RELEASE

DEERFIELD, Ill. and ROCKVILLE, Md., June 19, 2019 /PRNewswire/ — FoodChain ID (“FoodChain ID”), a Paine Schwartz Partners, LLC portfolio company and a market leading platform dedicated to providing technology enabled food safety, quality, and sustainability solutions, today announced that it has acquired Decernis LLC (“Decernis”), a leading provider of technology and content solutions for compliance, safety, and risk management.
Founded in 2003, with global headquarters near Washington, DC, USA, and a European regional office in Kelkheim, Germany, Decernis delivers global compliance and risk management systems and services in the food, consumer products, and chemical sectors. Decernis delivers enterprise solutions that integrate with client processes to give horizon scanning and predictive

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Bain-backed Quest Global buys Dakota Moon Enterprises


This post is by Luisa Beltran from PE Hub Blog: PE-Backed Mergers and Acquisitions


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Quest Global said June 20 that it acquired Dakota Moon Enterprises LLC. Financial terms weren’t announced. Dakota Moon, of Henderson, Nevada, provides engineering and supply chain services to the aerospace industry. Quest Global is backed by investors including Bain Capital, GIC and Advent International.

PRESS RELEASE

HENDERSON, Nevada, June 20, 2019 /PRNewswire/ — QuEST Global, a global product engineering and lifecycle services company, acquired Dakota Moon Enterprises LLC, a Nevada based engineering and supply chain services provider to the aerospace industry. The acquisition will enhance capabilities of QuEST Global in providing comprehensive supply chain solutions to OEMs and Tier1 suppliers in engineering essential industries like Aerospace & Defense, Transportation (Automotive and Rail), Power and Industrial, and Oil & Gas. With this acquisition, QuEST Global believes that it will be able to improve the operational efficiency of its customers, which in turn will help them solve the complex challenges faced

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Sycamore Partners lowers Chico’s bid


This post is by Luisa Beltran from PE Hub Blog: Buyout Deals


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Sycamore Partners has lowered its unsolicited bid for Chico’s FAS Inc to $3 per share or $350 million cash. Chico’s, a women’s retailer, said it would “carefully review” the proposal but has previously reviewed and rejected higher offers from Sycamore.

PRESS RELEASE

FORT MYERS, Fla., June 19, 2019 /PRNewswire/ — Chico’s FAS, Inc. (NYSE: CHS) (the “Company”) today confirmed that it has received a revised unsolicited proposal from Sycamore Partners (“Sycamore”) to acquire the Company for $3.00 per share in cash.
Consistent with its fiduciary duties and in consultation with its independent financial and legal advisors, the Chico’s FAS Board of Directors (the “Board”) will carefully review Sycamore’s revised proposal to determine the course of action that it believes is in the best interests of Chico’s FAS shareholders.
The Company noted that the Chico’s FAS Board has already reviewed and unanimously rejected a previous higher-priced proposal from Sycamore

™

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Abris Capital to buy Dentotal Protect


This post is by Luisa Beltran from PE Hub Blog: Buyout Deals


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Abris Capital Partners said June 20 that it agreed to buy Dentotal Protect. Financial terms weren’t announced. The Dogariu family, the sellers, will remain an investor. Dentotal Protect distributes dental consumables, instruments and equipment in Romania.

PRESS RELEASE

WARSAW, Poland, June 20, 2019 /PRNewswire/ — Abris Capital Partners, the Central & Eastern European private equity fund manager, has signed an agreement to acquire Dentotal Protect, the leading distributor of dental consumables, instruments and equipment in Romania, from the Dogariu family that will remain in the business. The transaction is conditional upon securing clearance from the anti-monopoly authorities.
Dentotal is the leading distributor on the fast-growing Romanian dental care market providing a large variety of dental supplies and services to dental clinics and laboratories.
Under the new shareholding structure, Dentotal will aim to consolidate and increase its market share both organically and through acquisitions. Abris will continue to support the growth

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GP Bullhound Fund IV raises 113 mln euros


This post is by Luisa Beltran from Pe Hub Blog: Firms & Funds


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GP Bullhound Fund IV has closed on 113 million euros ($127.7 million). GP Bullhound focuses on growth stage businesses in the software, entertainment, marketplaces and fintech sectors.

 

PRESS RELEASE

GP Bullhound Fund IV holds final close at EUR113m

GP Bullhound Fund IV holds its final close at EUR113 million, continuing its successful strategy of investing in some of the best technology entrepreneurs, with a focus on growth stage businesses in the Software, Entertainment, Marketplaces and Fintech sectors. Recent investments include Slack, Klarna, Tradeshift, Glovo and LendInvest.

In addition to independent deal sourcing, the fund benefits from a unique deal flow through GP Bullhound’s merchant bank organisation with 110 professionals across nine offices on three continents.

“We are passionate about backing great technology entrepreneurs and this oversubscribed final close allows us to commit more capital to the best of the best”, commented Per Roman, Co-Founder and Head of Asset Management at GP Bullhound,

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Leigh to step down as APG global head of PE


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Iain Leigh, APG’s global head of private equity and a managing director, is stepping down at the end of 2019. Greg Jania, head of fund investments, and Ken Bloomberg, head of co-investments, will co-head APG’s global PE program and join the executive board of APG Asset Management US Inc.

PRESS RELEASE

APG’s Global Head of Private Equity Announces 2020 Departure
New York, New York. June 19, 2019 – Global head of Private Equity and Managing Director, Iain Leigh, has announced his intention to step down from his position at the end of 2019. He is passing leadership of the team on to current senior managers Greg Jania, Head of Fund Investments and Ken Bloomberg, Head of Co-Investments. They will both become Managing Directors as of January 1, 2020, will co-head APG’s global private equity program, and will join the Executive Board of APG Asset Management US Inc.

Twin Brook’s latest direct lending fund raised more than $2.75 bln


This post is by Luisa Beltran from Pe Hub Blog: Firms & Funds


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Twin Brook Capital Partners‘s latest direct lending fund closed on more than $2.75 billion. The target for AG Direct Lending Fund III was $2 billion. Twin Brook is the middle market direct lending subsidiary of Angelo, Gordon & Co LP.

PRESS RELEASE

NEW YORK & CHICAGO–(BUSINESS WIRE)–Angelo, Gordon & Co., L.P. (“Angelo Gordon” or the “Firm”), a $33 billion alternative investment firm focused on credit and real estate investing, today announced that it has raised over $2.75 billion in equity commitments for AG Direct Lending Fund III (the “Fund”), exceeding the Fund’s $2 billion target and making this the Firm’s largest direct lending fund to date. The Fund is managed by Twin Brook Capital Partners (“Twin Brook”), Angelo Gordon’s middle market direct lending subsidiary.
Consistent with Twin Brook’s distinctive approach, the Fund will seek to capitalize on the long-term investment opportunities in middle market direct

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