Triton is selling WERU, a German manufacturer of windows, doors and carports, to H.I.G. Capital. The transaction is subject to the approval of the relevant authorities. Both parties involved have agreed not to disclose the purchase price.
3 min read · 25 November 2013
Kwanji, a UK based tech start-up working to simplify foreign exchange mechanisms for small businesses, has completed an initial seed funding round. Mercia Fund Management led a consortium of investors under the Seed Enterprise Investment Scheme.
3 min read · 25 November 2013
Risk Capital Partners has backed management to acquire Neilson Active Holidays from the Thomas Cook Group for an undisclosed sum. The transaction is expected to complete in early December.
3 min read · 25 November 2013
Global Leveraged Capital portfolio company TX Communications has acquired the assets of Trillion Partners. With operations in 21 states, TX Communications (doing business as Affiniti) operates broadband networks, and provides managed services to customers in the education, healthcare, government, and wholesale markets. GLC, a private merchant banking firm, had been a lender to Trillion since 2008, and had supported Trillion through its operational and financial restructuring.
4 min read · 25 November 2013
Lagoon Capital Partners Limited, a private equity and advisory firm based in the Dubai International Financial Center and HarbourVest have entered into an agreement for secondary private equity whereby they will jointly source, evaluate and invest in private equity assets held by investors from the MENA region. The opportunities may include the acquisition of LP commitments in private equity funds, the purchase of portfolios of direct private equity investments, spin outs from existing private equity platforms and facilitating the restructuring of underperforming private equity funds.
4 min read · 25 November 2013
Pixium Vision, a developer of innovative retinal implant systems, has closed a Series A extension financing. This round was led by Sofinnova Partners, with support from Bpifrance, through the InnoBio fund, and existing series A investors Omnes Capital and Abingworth. In conjunction with the financing, Antoine Papiernik at Sofinnova Partners and Chahra Louafi at Bpifrance have joined the Pixium board of directors.
5 min read · 25 November 2013
To start off your week, First Read brings you the best month for deals so far in 2013, news that Clessidra is slashing its latest fund and seven top tech stories from the weekend.
1 min read · 25 November 2013
LFE Capital has sold Global ID Group. Based in Fairfield, Iowa, Global ID provides analytic testing, third-party certification, and consulting services to the agriculture and food industries. Terms of the transaction were not disclosed.
2 min read · 21 November 2013
Hong Kong-based private equity real estate firm Gaw Capital Partners has acquired the Waterside House at Paddington in London on behalf of a pool of top-tier Korean institutional investors. Gaw Capital Partners is the advisor and co-investor in the Waterside House deal and will become the asset manager.
3 min read · 21 November 2013
This Thursday morning First Read brings you tips on how to hold onto your job, news of Nomura and ICG's new mezzanine debt fund and a peek at which private equity firms could be back in the fundraising market in 2014.
1 min read · 21 November 2013
