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Category: High Net Worth

VR Equitypartner's Kälte Eckert buys SOS Kältetechnik

Refrigeration systems business Kälte Eckert, a portfolio company of VR Equitypartner, has acquired Germany-based SOS Kältetechnik.

PAI Partners picks up majority stake in Grand Frais grocery operator Euro Ethnic Foods

European private equity player PAI Partners has picked up a majority stake in Euro Ethnic Foods, the company which owns and operates the grocery section of food retailer Grand Frais.

PAI carves out EEF from Ardian's Grand Frais

PAI Partners has acquired a majority stake in Euro Ethnic Foods (EEF), the grocery business of Ardian-backed Grand Frais.

HarbourVest’s Performance Leads to Hard Cap Close

HarbourVest Partners has held an oversubscribed and hard cap close of its latest secondaries fund, Dover Street X LP (Dover X), with $8.1 billion of capital commitments. The hard cap close of Dover X follows…

AUA Closes Sweet Sale of Indulge

AUA Private Equity Partners has sold Indulge Desserts Holdings to publicly traded Emmi Group. Indulge Desserts was acquired by AUA in June 2016 and is a maker of premium gourmet desserts, offering a full line…

Nord Holding buys majority stake in Dr Födisch Umwelttechnik

Nord Holding has acquired a majority stake in Germany-based emissions technology company Dr Födisch Umwelttechnik.

Level 20 will map ethnic diversity in private equity for the first time

Currently, there is no reliable data on the industry’s racial diversity as firms’ efforts have mostly concentrated on improving gender balance

Plexus Above Target on Fund Five

Plexus Capital has held a final above target close of Plexus Fund V LP with $502 million of capital. Like its earlier funds, Fund V will invest up to $40 million in profitable US-based companies…

Investors want more transparency about ethnic diversity

The Investment Association said that almost three-quarters of FTSE 100 failed to report the ethnic make-up of their boards in 2020

OpenGate Adds MegaMet to Premier

Premier Steel Doors and Frames, a maker of hollow metal doors and frames, has completed the add-on acquisition of MegaMet Industries. Premier is part of OpenGate’s portfolio company Sargent and Greenleaf. OpenGate acquired Sargent and…

Cotton Creek Capital Captures ConeCraft

Cotton Creek Capital has acquired ConeCraft, a maker of equipment used in the pharmaceutical and biopharmaceutical industries. ConeCraft specializes in manufacturing stainless steel bins, mixers, bioreactors, and tube management systems that are used for research…

KKR Sees “The New Normal”

KKR has released a new report titled “The New Normal” which explores the long-term implications of COVID-19 on cities and consumer trends. “Following a decade of relative prosperity, overlapping calamities in 2020 have brought economic…

Triton’s AVS Verkehrssicherung bolts on SRV Verkehrstechnik

Triton portfolio company AVS Verkehrssicherung has acquired Germany-based road marking, traffic and construction site safety business SRV Verkehrstechnik.

Icebreaker leads €1.6m round for Fixably

Finnish business Fixably, which develops software for computer repair technicians, has raised €1.6m in a round led by venture capital firm Icebreaker.

Artemis Sees Future, Forms Optical Tech Platform

Artemis Capital Partners has acquired Omega Optical, a maker of optical filters and coatings. Omega Optical’s products are used to control the passage of light to enable a range of optical applications including flow cytometry…

GI Teams with Charlesbank on HVAC Platform

GI Partners has acquired a majority equity interest in American Residential Services. Existing investor Charlesbank Capital Partners and management are also making significant new investments in the business. American Residential Services (ARS), is among the…

Dominus Finds Combination for Lockmasters

Dominus Capital has acquired Lockmasters in partnership with the founding Miller family. Lockmasters is a manufacturer and distributor of combination locks, tools, hardware, and educational services to government and security professionals, including automotive locksmiths, general…

Benford Closes First Fund

Benford Capital Partners has held a final closing of its inaugural private equity investment fund, Benford Capital Partners Fund I LP. The new fund closed with total limited partner commitments of $130 million, markedly above…

Black Lives Matter prompts companies to look into ethnic pay gap

Almost a quarter of companies calculate whether they pay Black employees less than white workers

Avedon’s SLF acquires STI Bearings

Avedon Capital portfolio company Spindel- und Lagerungstechnik Fraureuth (SLF) has acquired Germany-based market peer STI Bearings via an asset deal.