Kitwave Wholesale Group, an independent UK wholesaler of FMCG products, has added a seventh company to its group following the acquisition of frozen food and ice cream wholesale and distribution business, Eden Farm. Kitwave is backed by NVM Private Equity.
3 min read · 05 March 2014
TVSMILES, a loyalty program for TV advertising, has secured seven million dollars in a series-A round of financing. The start-up is receiving the fresh money from French fund Ventech S.A., which had already invested in TVSMILES. Also investing is the international venture fund e.ventures. German Startups Group, Brandenburg Ventures, Magix AG as well as other angel investors are also reinvesting.
3 min read · 05 March 2014
The Riverside Company has sold its stake in Italian competitive swimwear company Arena. Riverside acquired Tolentino, Italy-based Arena in 2010.
2 min read · 05 March 2014
Enlightenment Capital, an aerospace, defense & government focused investment firm based in the Washington, DC area, has appointed Brett Lambert to the firm’s advisory board. Lambert brings 25+ years of defense, government, and intelligence expertise to Enlightenment’s group of advisors.
2 min read · 05 March 2014
Impetus – The Private Equity Foundation has appointed Philip Rubenstein as communications director and Richard Lackmann as chief financial officer. Impetus-PEF is a venture philanthropy business based in the UK.
2 min read · 05 March 2014
Horizon Hobby, an international developer, marketer and distributor of radio control hobby products has been acquired by an investor group led by Joe Ambrose, Horizon’s chief executive officer. The investment group includes Armory Capital and Mill City Capital, two investors that have experience with management led acquisitions. Financial terms were not released.
2 min read · 05 March 2014
Read all about the latest midweek private equity news including the ex 3i Asia head's latest project, Castlelake III's final close, OMERS' and CalPERS' strong direct performance and why the term life sciences needs to take a back seat.
1 min read · 05 March 2014
Levine Leichtman Capital Partners has recapitalized two of its portfolio companies. Tronair increased its senior credit facility to $51.0 million in February 2014 and Global Franchise Group increased its senior credit facility to $70.0 million in February 2014.
2 min read · 04 March 2014
Borro has closed $112 million in financing from Victory Park Capital, an asset management firm that provides debt and equity financing to middle-market companies. Borro is a personal asset lender, which offers small business owners, entrepreneurs and high-net worth individuals liquidity against luxury personal assets such as watches, jewelry, prestige and classic cars, fine art and antiques.
3 min read · 04 March 2014
HgCapital has made a majority investment in Ullink, a provider of electronic trading applications and connectivity to the financial community. The total consideration is not disclosed.
3 min read · 04 March 2014
