IronmongeryDirect Limited has been sold to Paris-based Manutan Group, a European mail order supplier to businesses and local authorities. Based in Essex, UK, IronmongeryDirect was founded in 1969 as a traditional ironmonger’s shop. Livingstone Partners advised the shareholders of IronmongeryDirect on the sale.
2 min read · 15 July 2013
Foresight Group has invested 3.5 million pounds ($5.3 million) in the buy-in management buyout of Aerospace Tooling. ATL is a precision engineering company, with a niche specialism in the remanufacturing of aerospace and industrial gas turbine components.
3 min read · 15 July 2013
Box has hired four senior sales professionals to its team. Jim Priestley joins as senior vice president of sales; Stephen Morse joins as vice president of global sales engineering; Ryan Martin as vice president of platform sales; and Scott Hebert as vice president of vertical industry sales. Headquartered in Los Altos, CA, Box is a privately held company and is backed by venture capital firms Andreessen Horowitz, Bessemer Venture Partners, Draper Fisher Jurvetson, Emergence Capital Partners, General Atlantic, Meritech Capital Partners, NEA, Scale Venture Partners, U.S. Venture Partners and strategic investors salesforce.com and SAP.
4 min read · 15 July 2013
Technology investor Amadeus Capital Partners has held a first close at $75 million on the Amadeus IV Digital Prosperity Fund. The Fund will invest in late stage venture and growth companies, predominantly in mature markets, developing online and mobile applications and services targeted at the rapidly expanding middle classes in Africa, the Middle East, Asia and Latin America.
4 min read · 15 July 2013
Catch up on what's happening in the PE world after the weekend with a VC customer satisfaction rating; why entrepreneurs shouldn't focus solely on venture capital and why the Indian private equity industry has reasons to be so cheerful.
1 min read · 15 July 2013
TA Associates has completed a minority recapitalization of Prometheus Group, a provider of enterprise application software. Terms of the investment were not disclosed.
3 min read · 11 July 2013
Park Square Capital, an independent provider of credit products in Europe, has signed a lender-led restructuring of Terreal Group. The business is a French manufacturer of clay building materials. At the completion of the restructuring, Terreal’s lenders will convert a significant portion of its debt into equity and become the sole shareholders of Terreal, with Park Square emerging as the largest institutional shareholder.
4 min read · 11 July 2013
Hansen Medical has appointed Will K. Weinstein as a director. The appointment increases the company's board membership to eight, seven of whom are independent. Weinstein brings to the board over 40 years of experience in the financial services industry.
5 min read · 11 July 2013
Ascent Capital Group's primary operating subsidiary Monitronics International is to acquire Security Networks. Founded in 2000, Security Networks provides monitored security system services and is an Oak Hill Capital Partners' portfolio company.
6 min read · 11 July 2013
Stonehaven has announced two personnel additions as part of its continued expansion strategy. Mark Sullivan has joined as a managing director and partner. Igor Gourari has joined the Stonehaven team as controller.
4 min read · 11 July 2013
