Steton has received a "significant" investment from Toronto and Baltimore, Maryland-based private equity firm Access Holdings. Based in St. George, Utah, Steton is a provider of quality management and business intelligence software that delivers mobile and cloud-based applications to customers in food services, hospitality, retail and other industries. Update: The company said the partnership with Access Holdings is intended to support its continued growth and innovation.
Private equity firms are circling Bayer's (BAYGn.DE) 10 billion-euro ($12.7 billion) plastics business, hoping to divert the German drugmaker from its plan to list the division, sources told Reuters.
A consortium of buyout firms Advent International Corp and Avista Capital Partners is in advanced talks to acquire UCB SA's (UCB.BR) U.S. generic drugs unit Kremers Urban Pharmaceuticals Inc, sources told Reuters.
Online private equity platform iCapital Network has received $9.25 million in funding. The investors included Credit Suisse’s private fund group, Eaton Partners, Park Hill Group, Evercore’s private funds group, Pivot Investment Partners, Monument Group, Capstone Partners and Gen II Fund Services.
AEA Investors has closed its buy of Pro Mach from The Jordan Company. No financial terms were disclosed. Headquartered near Cincinnati, Pro Mach is a provider of packaging machinery and integrated systems.
Steton is receiving a "significant" investment from Baltimore and Toronto-based private equity firm Access Holdings. Based in Utah, Steton is a provider of performance management solutions.
Canadian private equity firm Novacap has led a more than $165 million investment in Knowlton Development Corp (KDC), a Knowlton, Québec-based manufacturer of health and beauty products. Novacap was joined in the deal by the Caisse de dépôt et placement du Québec, Fonds de solidarité FTQ, Investissement Québec, Export Development Canada and Fondaction CSN. Novacap previously invested in KDC in 2002. The investors said a new partnership aims to support KDC's growth plan, which includes reaching a billion dollars in annual revenues within a few years. Novacap managing partner Jacques Foisy was interviewed by peHUB Canada about KDC and the first close of Novacap Industries IV LP.
Palladin Consumer Retail Partners has made an undisclosed investment in luxury shoemaker Harrys of London. William Blair provided financial advice to Harrys of London on the transaction.
According to a news release, Nuplex has agreed to sell its agency & distribution business Nuplex Specialties and its plastic additives business Nuplex Masterbatch to Axieo Pty Limited, a company created by CHAMP Private Equity. The value of the acquisition is A$127.5 million. Greenhill Australia and Allens Linklaters advised Nuplex in the transaction. Based in Australia and New Zealand, Nuplex is a specialty chemicals maker. To read the announcement, visit here.
New York Life has acquired a stake in Jaguar Growth Partners, a real estate private equity firm. Also, New York Life expects to invest up to $100 million in Jaguar's initial fund. And, New York Life has been named to Jaguar's advisory board.