Concentrix

Abry Partners and Hoplon Capital have agreed to acquire Concentrix Insurance Solutions, an insurance third-party administration operations and software platform.

The Soitec Group has agreed to acquire an 80% stake in Concentrix Solar GmbH, a Germany-based provider of concentrated photovoltaic solar systems, at a total enterprise value of €55 million. Concentrix was formed in 2005 as a spinout from the Fraunhofer ISE, and received an undisclosed amount of VC funding from Good Energies.

Investing in technologies that help Morocco's infrastructure operate more efficiently is among the opportunities that the firm sees in North Africa.

Synnex Corp (NYSE: SNX) has agreed to acquire Minacs, an outsourcing business solutions provider with primary offices in Oshawa, Ontario, Farmington Hills, Michigan and Bangalore, India. The purchase price is about US$420 million. The sellers are Asian private equity firms CX Partners and Capital Square Partners, which acquired Minacs in May 2014 /canada/2014/5/cx-partners-takes-control-of-minacs-with-close-of-260-mln-acquisition/ Synnex, a U.S. business process services company, said it plans to integrate Minacs with its affiliate Concentrix, strengthening the latter's capabilities and expanding its market optimization and Internet of Things solutions. The deal is expected to close in Q3 2016.

The firm has hired former Capital Dynamics managing director Ben Hart, following the appointment of Asian investment team head Yar-Ping Soo in December.

Random Ramblings

Random Ramblings

Venture capitalists and entrepreneurs gathered for the inaugural Cleantech Summit in Geneva as interest in the sector grows despite investment constraints and fears of a repeat of the dot.bomb.