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Weekly Investment Picks (Jan 28 to Feb 4)

Feb 04, 2020 The latest family office and institutional deals from the past week.

EQT invests in management and regulatory software provider Rimes
Swedish private equity firm EQT has made a growth investment in Rimes, a US-based management and regulatory software provider. Rimes specialises in managed data services (MDS) and providing regulatory technology software solutions for financial institutions.

Sovereign Capital scores 5.5x return on insurance broker sale
UK mid-market firm Sovereign Capital Partners has scored a 5.5x return on the sale of commercial insurance brokerage Arachas to HPS Investment Partners and Madison Dearborn, two US-based private equity groups.

CBPE Capital takes minority stake in radio frequency equipment supplier
The investment in ETL Systems was made via the CBPE Capital Fund IX, which typically deploys €30m-€35m in companies with an enterprise value of £150m

BC Partners acquires Italian patisserie products producer Bindi
BC Partners has acquired Pasticceria Bindi, an Italian producer, and distributor of frozen patisserie products, for an undisclosed sum. Bindi, which reported revenues of over €140m in 2019, offers a wide variety of desserts and other bakery products, including patisserie, cakes, and ice-creams.

GHO invests in Portuguese antibody solutions company
GHO Capital Partners has invested in antibody discovery services provider FairJourney Biologics, to support its expansion through both organic and acquisition opportunities. The financial details of the transaction were not disclosed. GHO typically signs equity checks of between €50m to €150m in European healthcare businesses with enterprise values of between €100m and €500m.

Forever 21 acquired
A group including two of Forever 21 Inc.’s biggest landlords has offered to buy the bankrupt retailer for $81 million, a fraction of what the international fashion pioneer was once worth.

Hinge Health Raises $90M For Digital Physical Therapy Platform
Bessemer Venture Partners led the round for Hinge Health, which says it tripled its ARR in 2019.

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