NorthEdge hires Phoenix Equity executive Rastrick

NorthEdge Capital hired John Rastrick as a partner in its Leeds, England office. Rastrick will lead the firm’s focus in Yorkshire and the North East. Rastrick most recently worked as a partner at Phoenix Equity Partners, where he worked for eight years. He also worked at 3i.


Greenbriar Equity acquires WFCI

Greenbriar Equity Group LLC has acquired a majority stake in France-based World Freight Company International, a general sales and services agent for freight cargo in the aviation industry. No financial terms were disclosed. As a result of the transaction, WFCI’s minority investors, which include 3i, ActoMezz, IDI, IDI Mezzanine, Idinvest and Ardian, are exiting their investments.


Apax to buy Azelis

3i has agreed to sell Atlas Holding SA, the holding company of the Azelis Group, to Apax Partners. Financial terms weren’t announced. Azelis is a pan-European speciality chemical distributor. 3i acquired a majority of Azelis in 2007. JP Morgan is providing financing. UBS acted as financial advisor to the Apax funds while Greenhill acted as financial advisor to 3i.


3i completes Q Holding acquisition from IGP

Industrial Growth Partners has sold Q Holding Company to 3i. No financial terms were disclosed. Based in Twinsburg, Ohio, Q is a maker of precision molded rubber and silicone components.

KKR confirms hiring of 3i’s head of Spain

Kohlberg Kravis Roberts has officially announced the appointment of Alejo Vidal-Quadras as director based in the firm’s Madrid office. Vidal-Quadras will be responsible for developing and supporting KKR’s investment platforms in Spain. Vidal-Quadras joins the firm from 3i, where he worked as head of 3i Spain. KKR’s announcement confirms an earlier report from peHUB.

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