Early in the year, we invested in North Highland, a change and transformation consultancy that provides advisory and managed services to its clients, with particular expertise in technology and process redesign.
In February 2023 we closed our Bionic transaction, formally bringing the company into our European portfolio. Bionic is a UK provider of essential services for small-to-medium enterprises. Initially an energy brokerage, the company has expanded into telecommunications, insurance and finance.
In Q2 we closed on the sale of Trescal, a global leader in calibration services and reinvested for a 25% holding in the business.
Expanding our Industrial Services portfolio, we acquired a majority stake in Knight Commercial, a leading commercial restoration company, providing mitigation, reconstruction, and roofing services to commercial property owners and asset managers.
We continued to see growth across our portfolio through exciting pivots and tuck-under acquisitions. Below are a few highlights from 2023:
