- Add-on: Gridiron Capital strengthens its residential offering by combining Leaf Home and Erie Home under one roof.
- Add-on: Keensight Capital-backed Symeres enhances its drug development capabilities with the acquisition of DGr Pharma.
- Acquisition: Permira and Blackstone invest $525M in Property Finder, a leading MENA real estate tech platform.
- Acquisition: SkyLimit Investments acquires Prozax, boosting its footprint in industrial robotics for the tire sector.
Gridiron Capital
Add-on: Leaf Home acquires the home solutions provider Erie Home
Held by Gridiron Capital, Leaf Home (Ohio / USA), a provider of home technology solutions that manufactures walk-in tubs, low-entry showers, and stairlifts, acquires Erie Home (Ohio / USA), a provider of residential products and services directly to consumers. This acquisition allows Leaf Home and Erie Home to combine their expertise, expand their residential service offerings, strengthen their presence in North America, and enhance the customer experience through technological solutions and a network of qualified installers. Leaf Home was supported in this operation by a preferred equity investment from Ares Management and an additional investment from Gridiron Capital. A debt financing from Apollo Global Management also supported Leaf in this acquisition. As a reminder, since 2021, Erie Home has also been owned by Gridiron Capital, which will retain a majority stake in the group resulting from this combination.
Gridiron Capital, press release
Keensight Capital
Add-on: Symeres acquires the consulting and research company for drug development DGr Pharma
Backed by Keensight Capital, Symeres (c. €100 million of revenue in 2023, Gelderland / NLD), a contract research organization specializing in drug discovery and providing chemical solutions to biopharmaceutical companies, announces the acquisition of DGr Pharma (North Brabant / NLD), a consulting and contract research company in drug development whose activities cover project management, non-clinical and clinical development, pharmacokinetic analysis, chemistry, manufacturing and control, regulatory affairs, quality assurance, as well as IT and data storage. This acquisition allows Symeres to strengthen its expertise in regulatory strategy and clinical development, offer comprehensive support throughout the drug development journey, and accelerate the market introduction of innovative treatments for patients.
Symeres, press release
Permira
Acquisition: Permira and Blackstone invest in the real estate classifieds platform Property Finder
Permira and Blackstone invest $525 million in Property Finder (Dubai / UAE), an online platform that connects buyers, tenants, and investors with real estate listings in the MENA region, offering tools such as price trends, virtual tours, and mortgage simulators. As part of this transaction, General Atlantic is partially divesting its stake in Property Finder. This strategic investment will enable Property Finder to strengthen its financial position and regional expansion capabilities, particularly in Saudi Arabia and Turkey, while providing access to global expertise to accelerate its growth in the real estate sector in the Middle East and North Africa.
Permira, press release
Skylimit Investments
Acquisition: SkyLimit Investments acquires the automated machine manufacturer Prozax
SkyLimit Investments, via its fund SkyLimit Industry SICAV, acquires Prozax (Zlin / CZE), a company specialized in the design and manufacturing of automated machines and robotic solutions for the tire industry and industrial automation. Recognized as an official integrator of FANUC and KUKA industrial robots, the company counts among its clients global leaders such as Continental, Yokohama OHT, and BKT. This strategic acquisition strengthens SkyLimit’s presence in industrial automation and expands its portfolio of cutting-edge technology companies.
SkyLimit Investments, press release