Transactions - Business services

TNO Companies, a subsidiary of TNO focusing on scientific knowledge, sold the majority of the shares to First Dutch Innovations, the innovation platform of entrepreneur Peter Goedvolk.

Rowanmoor Group, a leading independent small self-administered scheme (SSAS) provider and a bespoke self-invested personal pension (SIPP) and family pension trust (family SIPP) operator, was sold to Embark Group, a provider of long-term savings and advisory services.

FC Exchange, an international money transfer and payment solutions  company, was sold to Global Reach Partners, a UK foreign-exchange specialist.

Lean Education and Development Limited (LEAD), a national provider of accredited vocational learning and development programs, completed a management buyout. Funding was provided by Finance Birmingham and Royal Bank of Scotland’s Corporate Transactions team, Birmingham.

Turenne Capital Partenaires, Absiskey’s minority private equity shareholder, sold its stake in the company through a sponsorless transaction. Founded in 1988, Absiskey provides advisory services for innovation & tax incentives.

Voxen Sp. z o.o., an insurance intermediary specialized in the sale of motor insurance products through a network of 250 car dealers, sold 100% of its shares to Unilink S.A., one of the leading insurance multi-agencies in Poland.

Toyota Material Handling Nederland, subsidiary of Japanese Toyota, acquired the shares of Vitesse Vorkheftruck, rental company providing a wide range of forklifts and reachstackers for handling containers.

N-Clean, one of the leading Finnish facility management companies, sold a minority stake to private equity fund Juuri Partners. N-Clean enjoys a particularly strong market position in the cleaning of hotels and passenger vessels. It has about 1,300 employees, and a nationwide presence in Finland and Stockholm.

Tentamus acquired BLS Analytik GmbH & Co. KG, a German company specialized in testing services, analysis and quality certification in the food, pharma, and consumer sectors.

Global Platform, founded in 2012, international organizer of Pension Summits, was sold to Crain Communication, a US family owned media company.

Sherry’s, a leading provider of termite and pest management services in Australia, merged with Flick Anticimex, a pest-control company based in Sweden.

Thomas Miller acquired a majority shareholding in Osprey Holdings, a provider of marine and aerospace insurance. Established in 1885, Thomas Miller is an independent and international provider of insurance, professional, and investment services.

Médioffice, a company specialized in the recruitment of doctors for short-term assignments in hospitals and clinics, was sold to R3G2, a company owned by an experienced entrepreneur.

Blitz B.S., a French software-as-a-service publisher, was sold to Holding Seraip. Blitz’s software solutions optimize non-payment reduction, checkout processes, customer loyalty, check processing time, and cost reduction. Its clients include France’s largest retailers.

CMBB, a home renovation company, acquired La Vaillante, a well-established repair-in-kind company in the Lyon region.

Consilium Employee Benefits, a fast-growing private-medical-insurance specialist, was sold to Chase Templeton. Consilium Employee Benefits, based in Kent, focuses on the SME market.

Vtufin, a provider of working capital lines of credit to direct-sales micro entrepreneurs, divested its private-label credit business to IAL, a Mexican financial holding and operator of Tarjeta Amiga, a leading consumer credit card program.

Practice Insight was sold to IPH Limited, the holding company for Spruson & Ferguson, a provider of intellectual property services in the Asian-Pacific region. Practice Insight and Wise Time provide data analysis and software for IP and professional services firms.

Autonetzer, the German market leader in private car-sharing, was sold to Drivy, a French community-based car rental service. Autonetzer is Germany’s market leader in peer-to-peer car sharing with the largest offering of cars and the highest number of registered members.

Solving Efeso International, a consultancy firm, acquired Empact, a Brussels-based consultancy firm. Solving Efeso is a global leader in corporate strategy and operational performance improvement. It employs more than 450 consultants in 26 countries.