Private equity fund Everstone Capital said on Wednesday it had bought Payfront Technologies Pte Ltd, the Asia-Pacific payroll business of Aon Hewitt, for an undisclosed amount.
Carlyle Cardinal Ireland, an Irish private equity fund formed by The Carlyle Group and Cardinal Capital Group, is backing a management buyout of Carroll Cuisine, an Irish provider of cooked meats and ready meals. The seller is Aryzta AG. No financial terms were disclosed. The transaction is expected to be completed in the second quarter of this year. Also, Jonathan Cosgrave, a director at Carlyle and John Dolan, a director at Cardinal, have been appointed to Carroll Cuisine's board.
Imperial Capital Group and OPTrust Private Markets Group have made an undisclosed investment in Ackerman Security Systems. The Edmonds Group was financial advisor to Imperial Capital and OPTrust on the transaction while Raymond James and Barnes Associates advised Ackerman. Based in Atlanta, Ackerman is a provider of security system installation, servicing, and monitoring solutions.
Ethos has acquired Nampak's tissue and corrugate divisions and rebranded them TwinCare and Neopak respectively. No financial terms were disclosed. Also, Ethos has named Kevin Clayton as CEO of Neopak and Brian Jacobs as CFO while Garth Towell joins TwinCare as CEO and Joanne Gould and Dion de Graaff are on board as joint-COOs at TwinCare.
GE Capital, Franchise Finance and Citizen's Bank have provided a $51 million credit facility to Victory Park Capital. According to VPC, the capital will be used to refinance the firm's existing debt and long-term growth initiatives of portfolio company Chicago-based pizza restaurant chain Giordano's.
The Ontario Teachers' Pension Plan, one of Canada's biggest investors, said on Tuesday it is actively scouting for energy assets as it looks to trim positions in oil and gas derivatives and invest instead directly in producing assets, Reuters News reported.
Marlin Equity Partners said Tuesday it acquired arcplan Holdings GmbH. Financial terms weren’t announced. London-based arcplan provides business intelligence and corporate performance management software. Marlin said arcplan will be merged with portfolio company, Longview Solutions.
Monroe Capital said Wednesday it provided A $14.5 million loan to support BelHealth Investment Partners LLC’s recap of Precision Toxicology LLC. San Diego-based Precision Toxicology is a clinical laboratory that specializes in providing quantitative drug testing, primarily for the purpose of helping physicians monitor their patients undergoing treatment for pain or substance abuse.
The status of GTCR-backed Aligned Asset Managers is unclear after the departure of CEO Dave Minella, who the firm hired to build the company.
Canadian real estate software provider Lone Wolf Real Estate Technologies Inc has obtained a minority investment from U.S. private equity firm Vista Equity Partners. The value of the investment was not disclosed. Lone Wolf, which has it headquarters in Cambridge, Ontario, said the deal will support its pursuit of growth, new market opportunities and product development. The company currently serves nearly 10,000 real estate offices and 250,000 real estate professionals across the United States and Canada. Based in San Francisco, Vista invests in software and technology-enabled businesses.