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Table of Contents
Add-on: Segulah
AllTor Data & Larmteknik Joins Security Solutions Provider SELATEK
Majority-owned by Segulah, SELATEK (Levinsgruppen) (SEK750 million of revenue in 2022, Skane / SWE), a provider of technical services including electrical installation, air conditioning and industrial automation, has acquired AllTor Data & Larmteknik (SEK25 million of revenue in 2022, Skane / SWE), a supplier of a complete range of security products focusing on alarm systems, video surveillance, access control and IT services. This acquisition will strengthen SELATEK’s presence in southern Sweden.
Acquisition: GI Partners
GI Partners Invests in School Bus Safety Technology Solutions Provider BusPatrol
GI Partners announces a growth investment in BusPatrol (Virginia / USA), a provider of intelligent safety technology solutions for school buses. Through this investment, GI Partners will enable BusPatrol to continue the rapid expansion and diversification of its public safety products, building on its industry-leading position. Having been one of BusPatrol’s main shareholders since 2017, FT Ventures will continue to support the company. As a reminder, BusPatrol is majority-owned by Oaktree Capital Management.
Exit: Synova Capital
Synova Capital sells Vistair, Which Subsequently Merges with Comply365
Synova Capital announces the sale, to Insight Partners and Liberty Hall Capital Partners, of its stake in Vistair (£9.6 million of revenue in 2022, South West / ENG), a provider of technology solutions for the aviation industry, focusing on the digital transformation of aviation safety, operational efficiency, compliance and data analytics. Following this transaction, Vistair will be merged with Comply365 (Wisconsin / USA), a software company that provides a distribution and document creation platform for the aviation and rail industries, which is present in the portfolio of Liberty Hall Capital Partners. As a reminder, Synova Capital initially invested in Vistair in 2015.
Fundraising: ISAI
ISAI Announces the First Closing of its ISAI Expansion III Fund at €190 Million
ISAI announces the first closing of ISAI Expansion III fund at €190 million. The fund thus achieves 75% of its €250 million target and surpasses its predecessor, which raised €150 million in 2018. ISAI Expansion III will continue the strategy of ISAI Expansion II, supporting 12 to 15 companies with investments of between €10 and €50 million in France, Spain, Switzerland and Benelux, mainly via Tech Buyout transactions. ISAI Expansion III has been subscribed by renowned institutional investors, including recurring investors Crédit Mutuel Arkéa, Eurazeo and Bpifrance, and new investors Fonds Européen d’Investissement, BNP Paribas Développement and a major US investment manager.
