- Add-on: Century Park Capital-backed Nova Advisory acquires TLC Technologies, enhancing its CPM and BI consulting capabilities across North America.
- Add-on: MidEuropa-backed FAMAR acquires a sterile production site from MiP Pharma, expanding its pharmaceutical manufacturing operations.
- Acquisition: Argos Wityu acquires Axitea, an Italian provider of physical and cyber security services, supporting its digital transformation strategy.
- Exit: Nordstjernan exits engcon, a Swedish tiltrotator manufacturer, marking the end of a successful investment initiated at IPO.
Century Park Capital Partners
Add-on: Corporate Performance Management (CPM) Consultancy Nova Advisory Acquires TLC Technologies
Majority-owned by Century Park Capital Partners, Nova Advisory (Washington / USA), a consulting firm specializing in the implementation, optimization and management of Corporate Performance Management (CPM) solutions, offering services related to the OneStream platform, ongoing support, and support for the transformation of corporate finance functions, with a focus on strategy, planning and operational efficiency, acquires TLC Technologies (Pennsylvania / USA), a consulting firm specializing in the implementation and configuration of Corporate Performance Management (CPM) and Business Intelligence (BI) software. This acquisition strengthens Nova Advisory’s capabilities by adding more than 20 OneStream-certified architects to its team, expanding its geographic footprint and customer base in North America.
Century Park Capital Partners, press release
MidEuropa
Add-on: FAMAR Acquires a Production Site from Pharmaceutical Group MIP Pharma
Majority-owned by MidEuropa, FAMAR (c. €240 million of revenue in 2023, Attica / GRC), a company providing pharmaceutical development and manufacturing services to numerous pharmaceutical companies, has signed an agreement to acquire a dedicated sterile manufacturing site in Homburg from MiP Pharma (c. €50 million of revenue in 2023, Saarland / DEU), a pharmaceutical group specializing in the production and distribution of generic drugs, nutraceuticals and pharmaceutical ingredients. The acquisition of this site is a major step towards increasing FAMAR’s production capacity and international customer base. As a reminder, MiP Pharma is majority-owned by Capiton.
MidEuropa, press release
Argos Wityu
Acquisition: Argos Wityu Acquires Security Services Provider Axitea
Argos Wityu, via Argos Wityu VIII, acquires the majority stake held by Stirling Square Capital Partners in Axitea (€92 million of revenue in 2023, Lombardy / ITA), a private security services provider offering, in particular, the integration of remote surveillance systems as well as patrol and surveillance services for premises by security guards. As part of this operation, Marco Bavazzano is confirmed as CEO, while Pietro Scott Jovane, former CEO of Microsoft Italy, is appointed Chairman of the Board. In line with its strategy of investing in companies with high potential for digital transformation and growth, Argos aims to support Axitea’s transformation towards a convergent security offering, combining physical security and cybersecurity.
Argos Wityu, press release
Nordstjernan
Exit: Nordstjernan Exits Tiltrotator Manufacturer engcon
Nordstjernan announces the sale of its remaining stake in engcon (SEK 1.6 billion of revenue in 2024, Gothland / SWE), a company that manufactures and markets tiltrotators for excavator shovels. With a 5.01% stake, the investor has supported the company’s sustained growth, generating a return of more than 26% excluding dividends. This exit concludes a strategic and particularly successful investment initiated with engcon’s IPO in 2022.
Nordstjernan, press release