Parts Now! has been sold to CounterPoint Capital Partners, a Los Angeles-based investment firm. Parts Now was a portfolio company of Bank of America’s Global Principal Investments Group and Svoboda Capital. Terms of the transaction were not disclosed. Founded in 1989 and based in Middleton, Wisconsin, Parts Now is a supplier of consumable printer parts and related accessories.
2 min read · 19 September 2012
H.I.G. Europe, the European arm of global investment firm H.I.G. Capital, has annnounced the launch of H.I.G. WhiteHorse in Europe, and the appointment of Haseeb Aziz to the London team of H.I.G. WhiteHorse. H.I.G. WhiteHorse is the credit arm of H.I.G. Capital, specialising in providing debt capital to profitable middle market companies in Europe and the U.S.
3 min read · 19 September 2012
Rutland Partners portfolio businesses Laidlaw Interiors Group has acquired Timbmet Doors Solutions, a supplier of performance doorsets for the non-domestic internal timber door market. Total value of the transaction was 7.8 million pounds ($12.6 million).
3 min read · 19 September 2012
Standish Management, a boutique provider of consulting services to managers of private equity, venture capital, fund of funds, foundations and endowments has appointed Robyn Weiss to its Santa Monica office as an engagement director. Weiss will focus on client management and business development for Standish’s Southern California business.
2 min read · 19 September 2012
Denver-based private equity firm KRG Capital Partners has completed a recapitalization of Convergint Technologies along with its senior management team. This investment represents the twelfth platform company for KRG's $1.96 billion Fund IV.
2 min read · 19 September 2012
Software provider 6connect has appointed Bill Bien as its new CEO effective immediately. 6connect was founded in Silicon Valley in 2009.
2 min read · 19 September 2012
Wellington Partners has reached a first close of Wellington Partners IV Life Science Fund which has attracted commitments from investors of 70 million euros ($91.3 million). The fund has a target of 120 million euros and is expected to be significantly larger than the previous Wellington Partners III Life Science Fund, which raised 78 million euros.
3 min read · 19 September 2012
Altera Investment Fund has acquired 7.5% of the share capital of Russian Machines Corporation, part of Russian industrial group Basic Element. Kirill Androsov, managing partner of Altera, has been appointed to the company’s board of directors.
2 min read · 19 September 2012
UK-based mid-market private equity provider LDC has exited its investment in outsourced insurance services provider Direct Group in a sale to Ryan Speciality Group. Terms of the sale were undisclosed.
3 min read · 19 September 2012
GMT Communications Partners, a European media and communications focused private equity group, has teamed up with the management and founding chairman to invest in Seagull, a provider of computer based training systems and e-learning for seafarers worldwide. The business was founded in 1996 by its chairman, Oscar Johansen, a long term maritime industry executive, and financial partner Bjørn L.G. Braathen.
4 min read · 19 September 2012
