Morning all, Craig McGlashan here with the Europe Wire from the London newsroom.
Investment in construction and infrastructure has been one of the big promises of the new UK Labour government and private equity has taken note. This morning we speak to Stellex Capital Management’s Mark Redman about his firm’s plans for new acquisition Fox Brothers, an integrated services and materials provider for those sectors.
Elsewhere in real estate, Ambienta-backed green space management company Cap Vert Group has finalized the acquisition of a watering system works company.
Switching to software, Main Capital Partners portfolio company Whitevision has made an add-on.
We then finish with another add-on, with Three Hills portfolio company La Bottega Group closing the acquisition of Palatino Hospitality.
Building plans
Stellex Capital Management sees M&A potential in the UK construction materials and services as it aims to combine Fox Brothers with other small operators to build a much “larger and more attractive” business, managing partner Mark Redman told PE Hub’s Irien Joseph.
Find out why in the premium version of the Wire.
Water play
Staying in the world of real estate, Ambienta-backed green space management company Cap Vert Group has finalized the acquisition of N2B Arrosage, a French company specialized in the management of watering system works for green urban areas.
Read more in the premium version of the Wire.
Debut add-on
In other add-on news, Main Capital Partners portfolio company Whitevision has made its first. The Dutch document processing software developer has acquired compatriot Inconto, an e-procurement, contract management and invoice processing software provider.
Lap of luxury
Three Hills portfolio company La Bottega Group has closed the acquisition of Palatino Hospitality.
Details including the combined revenue and Three Hills' plans for the combined companies are available in the premium version of the Wire.
Right, that’s it from me today. Obey Martin Manayiti will be on US Wire duty later today and I’ll be back with the Europe Wire tomorrow.
Cheers,
Craig
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