A naukri.com initiative
Private Equity News
Peprofessional
13h
238
Gemspring’s Shrieve Chemical Bonds with Carbon Group
- Shrieve Chemical, a Gemspring Capital portfolio company, has acquired Carbon Chemicals Group.
- Gemspring organized a continuation fund for Shrieve in October 2024, with lead investor StepStone Group.
- Shrieve operates across four divisions: Chemical Distribution, Specialty Lubricants, Energy Products and Services, and Custom Packaging.
- The company supplies chemicals to various industries and offers services like toll manufacturing and ammonia system maintenance.
- Shrieve's energy products division provides base oils and drilling fluid additives for various activities.
- The acquisition of Carbon Chemicals is the second add-on by Shrieve since the continuation fund formation.
- Carbon Group is a distributor of chemicals, food ingredients, agricultural products, and paints across Europe.
- Gemspring focuses on investing in companies with revenues of up to $500 million in various sectors.
- Gemspring recently closed two funds, managing a total of $3.4 billion in capital.
- KPMG Corporate Finance and Grant Thornton Ireland served as financial advisors for Carbon Group.
- Shrieve aims to expand its specialty chemical product portfolio through such investments.
- The company serves over 1,500 SKUs from 600 suppliers in 40 countries across different sectors.
- Shrieve was founded in 1978 and is headquartered in Texas, with global facilities in key locations.
- The acquisition of Carbon Group enhances Shrieve's capabilities and product offerings.
- Gemspring invests in sectors like aerospace, defense, healthcare, and specialty manufacturing, besides others.
Read Full Article
14 Likes
Peprofessional
13h
159
Care Coordination: TNAA and TotalMed Merge to Build Full-Service Platform
- Gridiron Capital and Stella Point Capital have merged Travel Nurse Across America (TNAA) with TotalMed.
- TNAA provides travel nurses and health professionals to various healthcare facilities across the United States.
- TotalMed offers temporary and permanent placement of travel nurses, health professionals, and non-clinical staff.
- The merged platform integrates TNAA's SimpliFi and TotalMed's Staffency for workforce management.
- The combination aims to support various roles in healthcare, life sciences, and workforce solutions.
- TNAA's CEO, Tim McKenzie, will lead the merged entity.
- The merger is seen as a strategic move to enhance services and value proposition for customers.
- Gridiron Capital invests in companies with enterprise values between $75 million and $600 million.
- Stella Point invests in North American middle market companies with enterprise values from $50 million to $500 million.
- The merger is expected to create a strong strategic partner for hospitals nationwide.
- Houlihan Lokey advised TNAA, while UBS Investment Bank advised TotalMed.
- The cultural alignment between TotalMed and TNAA is emphasized as a strength of the merger.
Read Full Article
9 Likes
Peprofessional
13h
228
Dig This. Delphi Infrastructure Acquires JMF Underground
- Delphi Infrastructure Group (DIG), a company under MPE Partners, has acquired JMF Underground, a provider of underground utility services.
- DIG was created in 2025 by MPE to consolidate its investments in Precision Pipeline Services, Sabcon Underground, and Allegheny Contracting.
- JMF Underground offers services such as horizontal directional drilling, soft excavation, trenching, and fusion of HDPE piping mainly for electric and natural gas utilities in South-Central Pennsylvania and nearby states.
- JMF Underground was established in 2008 by CEO Joe Fisher and is headquartered in Mechanicsburg, Pennsylvania.
- Joe Fisher expressed pride in JMF's growth over the years and looks forward to joining DIG to enhance customer service and accelerate growth.
- DIG, led by CEO Mark Crowson, provides various services including horizontal directional drilling, excavation, utility locating, GPS mapping, hot tapping, and hydrovac operations.
- DIG serves electric, gas, water, and telecom utilities in the Eastern United States.
- Mark Crowson welcomed JMF Underground's team, commending their specialized solutions and commitment to safety and customer service.
- The addition of JMF Underground complements DIG's existing subsidiaries and reinforces its position as a provider of underground infrastructure services.
- MPE, based in Cleveland and Boston, invests in North American lower middle-market companies, with a focus on high-value manufacturing and commercial and industrial services.
- Debt financing for the acquisition was provided by Churchill Asset Management and BMO Sponsor Finance.
Read Full Article
13 Likes
Funded
1d
375
Image Credit: Funded
Venture Capital in 2025: Top Trends & Predictions for Startups
- Venture capital in 2025 is experiencing significant changes driven by economic shifts, tech advancements, and a focus on sustainable growth.
- Key trends include AI for due diligence, rise of ESG investing, DeFi impact, operator-led funds, and geographic diversification.
- Micro-funds, hybrid funding models, and evolving exit strategies are predicted to shape venture capital.
- Startups should prioritize resilience, sustainability, and scalability while being open to non-traditional funding.
- Metrics like LTV/CAC ratios and capital efficiency are crucial, and data room organization is key for successful fundraising.
- Consistent understanding of the VC landscape and investor priorities is vital for funding and growth.
Read Full Article
22 Likes
Guardian
3d
336
Image Credit: Guardian
Who’s the boss? The ousted car sales tycoon versus his private equity investor
- Peter Waddell, a former car salesman turned multimillionaire, faces legal battles after being ousted from his company, Big Motoring World.
- Waddell contests allegations of sexist, racist, and abusive behavior made against him, questioning the actions of his private equity investors.
- Having built his empire from a troubled past of parental abuse and homelessness, Waddell's journey to success is unique.
- Freshstream, the private equity group that invested in Big Motoring World, triggered Waddell's exit following an investigation into his conduct.
- The investigation revealed serious allegations of racism and sexual harassment, leading to Waddell's exclusion from the business he founded.
- Waddell's legal filings suggest he was not given a fair opportunity to respond to the accusations, raising concerns about the process.
- The case is likely to proceed to court, where the validity of the allegations and Waddell's removal will be examined.
- Similar claims of investor interference and founder ousting have been reported by other British entrepreneurs.
- The high court battle between Waddell and Freshstream is expected to shed light on the dynamics between investors and company founders.
- The outcome of this legal dispute could have implications for how private equity firms interact with entrepreneurs post-investment.
Read Full Article
20 Likes
Peprofessional
4d
231
New Water Continues Build of Nelson Miller Group
- Nelson Miller Group, part of New Water Capital, has acquired New England Keyboard, a designer and manufacturer of user interface components.
- New England Keyboard, founded in 1986, focuses on ruggedized keyboards, membrane switches, and other components sold across defense, medical device, and semiconductor sectors.
- NEK's founders, Dave Myers and Mark Yates, express confidence in joining with Nelson Miller to provide new opportunities for customers and employees.
- Nelson Miller, known for membrane switches and other components for medical, aerospace, and industrial sectors, sees the acquisition as an expansion of capabilities.
- The acquisition is seen as a move to strengthen Nelson Miller's presence in industries like defense and aerospace.
- Nelson Miller, formed in 2011, has expanded with previous acquisitions like Wilson-Hurd Manufacturing in 2017.
- Under New Water's ownership, Nelson Miller has made add-on acquisitions like Chainlogix, Injection Works, and Pannam Imaging.
- New Water Capital targets investments in lower middle-market companies within consumer, retail, and industrial sectors.
- The acquisition of NEK is viewed as enhancing NMG's capabilities and customer relationships in high-reliability sectors.
- The transaction reflects New Water's focus on building a leading HMI solutions provider.
- New Water Capital, founded in 2014, focuses on investing in companies with revenues between $30 million and $300 million in various sectors.
- The deal signifies a strategic move by Nelson Miller Group and New Water Capital to bolster their presence in the market.
- The acquisition of New England Keyboard is the fourth add-on acquisition for Nelson Miller Group under New Water Capital's ownership.
- Nelson Miller Group and New Water Capital aim to create a top-tier HMI solutions provider capable of addressing design, engineering, manufacturing, and supply chain challenges.
- The acquisition deal underscores the commitment to developing a best-in-class HMI solutions provider able to navigate complex industry demands.
Read Full Article
13 Likes
Peprofessional
4d
85
HCI Exits TSM Corporation
- HCI Equity Partners has sold TSM Corporation, a manufacturer of precision-machined components, to Walor North America, a subsidiary of FerrAl United.
- TSM Corporation produces close-tolerance steel and aluminum components for the automotive industry, serving OEMs and Tier 1 suppliers.
- Founded in 1978, TSM operates facilities in Michigan and Mexico, with 240 employees and revenues of about $120 million in 2024.
- HCI initially invested in TSM in August 2017, focusing on talent, technology, and capacity enhancement.
- FerrAl United, the buyer, specializes in automotive castings, forgings, and machined components for OEMs and Tier 1 suppliers.
- Mutares SE & Co, the parent company of FerrAl United, formed the business through the consolidation of three portfolio companies in 2023.
- HCI Equity invests in lower middle market distributors, manufacturers, and service providers, with a focus on fragmented industries.
- Mutares is a Munich-based private equity firm investing in corporate carve-outs and special situations in various sectors.
- Mutares sees the acquisition of TSM as an expansion of its North American presence and capabilities in precision manufacturing.
- Donnelly Penman & Partners served as the financial advisor to both TSM and HCI in the transaction.
Read Full Article
5 Likes
Funded
5d
274
Image Credit: Funded
Extend Funded $17M to Develop AI Document Automation Cloud
- Extend, an NYC-based operator of AI extension document tools, secured $17 million in funding led by Innovation Endeavors with participation from Y Combinator and others.
- The company aims to streamline workflows, automate ticket processes, and enhance website customization without needing a specialized administrator.
- Extend offers a document processing cloud with advanced parsing, extraction, orchestration, and human-in-the-loop tools, boasting 95%+ accuracy and is cash-flow positive.
- Their funding round will support further development to unlock the potential of unstructured documents for ambitious teams, according to CEO Kushal Byatnal.
- Major client testimonials from companies like Brex highlight Extend's superior performance, rapid time-to-production, and innovative features.
- New features introduced include Sandbox Mode for immediate document testing and Automated Config Generation to streamline schema setup.
- Extend caters to diverse industries with clients like Brex, Square, Checkr, and Fortune 500 companies, managing millions of documents daily with high accuracy.
- As a pioneer in the document processing cloud space, Extend's AI-driven platform positions it well for the growing market demand in data transformation and digital enterprise evolution.
Read Full Article
16 Likes
Pymnts
6d
90
Image Credit: Pymnts
Private Equity Groups Hold $1 Trillion as Tariffs Hinder Dealmaking
- Private equity (PE) groups are currently holding around $1 trillion in unsold assets, which would typically have been returned to investors in a normal market climate.
- Factors such as high U.S. interest rates, inconsistent tariff policies from the White House, and geopolitical uncertainties have led to lower company valuations and prolonged retention of portfolio businesses by these firms.
- This situation has contributed to a slowdown in dealmaking activity, with mergers and acquisitions (M&A) remaining stagnant this year.
- Limited partners (LP) are growing impatient due to delayed returns, as they invest trillions of dollars in PE funds with expectations of regular profits.
- Despite initial optimism for an M&A upswing under the Trump administration, deal volume and value have remained mostly flat compared to the previous year.
- PwC's survey revealed that 30% of respondents have either halted deals or are reconsidering them due to tariff-related concerns, leading to investor dissatisfaction.
- The announcement of Trump's tariffs saw over $120 billion worth of IPO preparations placed on hold in just three weeks in April.
- PE firms are exploring alternative exit strategies, including selling businesses in parts or through 'continuation funds', as the prolonged lack of IPO opportunities poses challenges.
- General Atlantic Co-President Gabriel Caillaux highlighted the unprecedented closure of the IPO window in growth equity investing, prompting a need to reassess tactical approaches.
- The $1 trillion in unsold assets would have typically re-entered the market during a regular M&A cycle, but the current environment has led to a delay in this process.
Read Full Article
5 Likes
Peprofessional
7d
191
Clarion Launches Infrastructure Testing Platform
- Clarion Capital invests in International Cybernetics (ICC), a company in the testing, inspection, certification, and compliance sector.
- ICC specializes in software-powered infrastructure testing services including pavement condition surveying and structural analysis.
- ICC manufactures proprietary road condition measurement systems used for asset maintenance planning by municipalities and departments of transportation.
- ICC's services include laser-based pavement distress data collection, asset inventorying, LiDAR data collection, and structural surveying of pavement networks.
- ICC's products, ICC Profiler and Road Survey Systems, are utilized in the U.S. and Canada for surface condition monitoring and compliance.
- ICC, founded in 1975 and based in Largo, Florida, is led by CEO Michael Nieminen.
- Clarion's acquisition of ICC marks its entry into the field testing, inspection, and consulting engineering services market.
- Mustafa Temiz, a former executive from SGS and Intertek, collaborated with Clarion on the acquisition.
- Clarion plans to build a TICC platform with ICC as a cornerstone.
- Clarion focuses on control and minority equity investments in businesses with $7.5 million to $30 million of EBITDA.
- Eric Kogan, a partner at Clarion, highlights ICC's long history and role as a trusted data collection partner for government agencies.
- Morrissey Goodale served as the financial advisor to ICC on this transaction, with financing provided by Stellus Capital Management.
- The acquisition strengthens Clarion's presence in the TICC sector, aiming for long-term value creation with the ICC team.
- The partnership between Clarion and ICC is seen as a strategic move aligning with the vision for a broader TICC platform.
- Overall, the investment in ICC by Clarion signifies a significant step towards expanding into infrastructure testing and related sectors.
Read Full Article
11 Likes
Peprofessional
7d
58
Aerial Expands Capabilities with Hazard Protection Systems Acquisition
- Aerial Machine & Tool, a company under Argosy Private Equity, has acquired Hazard Protection Systems, a provider of fire suppression kits used in military, industrial, and commercial vehicle applications.
- Aerial designs and manufactures survivability equipment for military and defense applications including emergency breathing systems, tactical vests, flotation devices, and helicopter rescue hooks.
- Aerial's customers include U.S. Department of Defense agencies, allied international militaries, and prime defense contractors.
- Hazard Protection Systems is known for manufacturing passive fire suppression systems used in military, commercial, and industrial vehicles.
- HazPro's fabric-based fuel tank fire suppression kits automatically extinguish fires with dry chemicals or clean gases when exposed to heat, without mechanical components.
- Key products of HazPro include FTFS kits for tactical trucks, specialized extinguishing modules, and ITAR-compliant systems for international export.
- HazPro has supplied fire suppression kits to entities like the United States Army, Marine Corps, NATO Allies, and tactical truck OEMs.
- The acquisition of HazPro by Aerial enhances Aerial's portfolio with proprietary fire suppression systems and creates synergies for future growth.
- Argosy Private Equity focuses on investments in niche manufacturing and B2B service companies, including Aerial and HazPro.
- Argosy, founded in 1990, operates as a division of Argosy Capital with $3.1 billion of assets under management, investing in lower middle-market strategies.
Read Full Article
3 Likes
Peprofessional
7d
257
Heartwood Continues Build of Norlee Group
- Norlee Group, a portfolio company of Heartwood Partners since October 2024, has acquired Allstate Electric.
- Norlee offers electrical, mechanical, technology, fire protection, and engineering-design services to various sectors in Central and Northern Florida through seven subsidiaries.
- Services provided by Norlee include system engineering, design-build, in-plant service, underground infrastructure work, access control, and low-to-medium voltage systems.
- Norlee has completed three acquisitions post-acquisition by Heartwood from White Wolf Capital in October 2024, including AEC Electrical, Regency Electric Company, and Allstate Electric.
- Founded in 2010, Norlee is led by CEO Wally Budgell and has its headquarters in Jacksonville, Florida, with over 600 employees.
- CEO Wally Budgell expresses excitement over the growth opportunities presented through the partnership with Heartwood Partners.
- Heartwood Partners, investing in U.S.-based companies, aims at companies with revenues between $20 million and $250 million and EBITDA between $3 million and $30 million.
- Heartwood focuses on sectors like food, agriculture, specialty chemicals, manufacturing, packaging, industrial, and consumer services.
- Heartwood is currently investing through its fourth fund, Heartwood Partners Fund IV LP, and was founded as Capital Partners in 1982, rebranding as Heartwood Partners in September 2020.
Read Full Article
15 Likes
Peprofessional
7d
379
PSP’s PE Portfolio Yields 17% Return in 2025
- PSP Investments, a Canadian pension investment manager, reported a 12.6% one-year net return for the fiscal year ending March 31, 2025.
- Over five years, PSP achieved a 10.6% annualized return and an 8.2% return over ten years, outperforming its Reference Portfolio by C$31.9 billion in the last decade.
- The Reference Portfolio is a benchmark set by Canada’s Treasury Board, comprising 59% global stocks and 41% bonds, which PSP aims to beat without adding more risk.
- PSP's private equity portfolio, which makes up 13.6% of its C$300 billion total assets under management, reported C$40.7 billion in net assets and delivered a 16.6% return in fiscal 2025.
- Other asset classes under PSP also performed well: infrastructure at 17.8%, credit investments at 15.4%, and public market equities at 15.1%.
- Real estate returns lagged behind, generating no return over one year and 4.9% over ten years for PSP.
- PSP's private equity strategy involves investments in sectors like financial, healthcare, technology, and communications, with recent partnerships for equity stakes in utility companies.
- The partnership with KKR to acquire a stake in American Electric Power's transmission subsidiaries was valued at around US$2.8 billion.
- Deborah Orida, PSP's president and CEO, praised the organization's strong returns over various periods, highlighting the portfolio's design strength and investment focus.
- PSP Investments, headquartered in Ottawa since 1999, manages pension funds for the federal public service, Canadian Forces, Royal Canadian Mounted Police, and Reserve Force.
Read Full Article
22 Likes
Angelassociation
1w
233
Image Credit: Angelassociation
AANZ June Expert Session with Kate Wilson | Investors and Intellectual Property
- Intangible assets and intellectual property (IP) drive over 90% of a business's value, critical for competitive advantage and growth.
- Many New Zealand companies overlook the significance of intangible assets and lack understanding of IP.
- Well-managed intangible assets can multiply a company's value, while neglect can lead to rapid loss.
- Investors benefit from clear presentation of IP, integral to due diligence and investment decisions.
- The 'Three Cs' framework - Competitive Intelligence, Competitive Edge, and Collaboration - aids in maximizing the value of intangible assets.
- Competitive Intelligence involves understanding the market landscape and competitor insights for better strategic decisions.
- Competitive Edge focuses on identifying and leveraging unique advantages in reputation, operations, technology, and design.
- Collaboration is crucial for scaling businesses, relying on strategic partnerships to enhance capabilities and market reach.
- IP management is essential for success, attracting investment, and facilitating strategic growth and exit options.
- Understanding and leveraging intangible assets is key for founders to unlock their business's true value and achieve tangible success.
Read Full Article
14 Likes
Guardian
1w
171
Image Credit: Guardian
Metro Bank shares surge on talk of private equity takeover
- Metro Bank shares surged to a two-year high following news of a potential takeover approach by Pollen Street Capital, a London private equity firm.
- The takeover could lead Metro Bank to be removed from the London Stock Exchange and possibly be merged with Shawbrook, another company owned by Pollen Street Capital.
- Shares of Metro Bank rose over 15% to 130p on Monday in response to the news.
- The possibility of a private equity takeover and merger raises concerns for Metro Bank employees who recently experienced job cuts as part of a cost-saving initiative.
- Further job cuts could impact services for the bank's 3 million customers, especially across its branch network where services have already been reduced.
- No specific price has been mentioned for Pollen Street Capital's potential offer for Metro Bank.
- A successful sale could represent a significant windfall for Metro's shareholders after a period of share price decline and financial difficulties.
- Metro Bank, founded in 2010, faced challenges and near failure in the past due to issues like accounting errors and regulatory concerns.
- Colombian billionaire Jaime Gilinski Bacal holds a 53% stake in Metro Bank following a £925m rescue deal in 2023.
- All involved parties, including Metro Bank, Pollen Street Capital, and Shawbrook, have declined to comment on the potential takeover.
Read Full Article
10 Likes
For uninterrupted reading, download the app