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Swander Pace Exits Applegate

Swander Pace Exits Applegate

Swander Pace Capital has sold its minority investment in Applegate, a natural and organic meat company, to Hormel Foods. The transaction, including the ownership interest of Applegate founder Stephen McDonnell, is valued at $775 million.  Swander Pace first invested in Applegate in April 2009. “We have enjoyed working with Stephen and the rest of his…

GenNx360 Adds On Majestic Industries

GenNx360 Adds On Majestic Industries

Tooling Technology Holdings, a portfolio company of GenNx360 Capital Partners, has acquired automotive die manufacturer Majestic Industries. Majestic is a manufacturer of progressive and transfer dies used for stamping automotive parts.  The company designs, engineers, builds, and tests dies for both automotive original equipment manufacturers and Tier 1 automotive suppliers. Majestic was founded by Al…

Onex to Invest in Jack’s

Onex to Invest in Jack’s

Onex Corporation has made an investment in Jack’s Family Restaurants, a regional quick-service restaurant operator, in partnership with the company’s management team. “In Onex, we have found a partner that understands the heritage of the Jack’s brand and its emphasis on people, service and community, which have allowed the company to be successful over the…

ABRY to Acquire FastMed Urgent Care

ABRY to Acquire FastMed Urgent Care

ABRY Partners has agreed to acquire FastMed Urgent Care, the second largest independent urgent care organization in the US and the largest network in both North Carolina and Arizona. FastMed provides non-appointment based medicine to the non-emergency patient market through its urgent care centers.  The acquisition includes FastMed’s 87 clinics in North Carolina and Arizona…

Platte River Acquires Profile Products

Platte River Acquires Profile Products

Platte River Equity has acquired Profile Products, a maker of products that are used for soil modification, erosion and sediment control, and vegetation establishment. Profile’s products are designed to minimize soil loss and accelerate seed germination and are used in a variety of applications including private and civil construction, energy, mining, landfill, agriculture, horticulture, sports…

Yorkshire Equity Acquires Dry Systems Technologies

Yorkshire Equity Acquires Dry Systems Technologies

Yorkshire Equity has acquired the assets of Dry Systems Technologies (DST), a subsidiary of Alpha Natural Resources. Yorkshire’s purchase was made in partnership with Ron Eberhart, the chief executive officer of DST. DST is a maker of diesel engine emission control products and after treatment technologies that are used in the mining, extraction and tunneling…

News

Cortec has Final Close for Fund VI

Cortec has Final Close for Fund VI

New York-based Cortec Group has held a final closing of Cortec Group Fund VI, LP with $1.1 billion of capital commitments. “We are very pleased to announce that after approximately two months of fundraising-related meetings we completed the Cortec Fund VI raise, hitting our hard cap,” said Dave Schnadig, a Cortec Managing Partner. Cortec invests…

ClearPoint Expands Investment Team

ClearPoint Expands Investment Team

ClearPoint Investment Partners – an investor in lower middle-market business services and financial processing companies – has hired Taimur Shaikh as Principal and Joseph Velli, a financial services and technology executive, as the firm’s sixth Operating Director. “These additions to the team reinforce our strategy to serve as a valuable partner to management through deep…

Rippowam Launched into Health and Wellness Sector

Rippowam Launched into Health and Wellness Sector

Rippowam Partners has been launched by Peter Weinbach and Graham Anderson to pursue investments in the healthy living and wellness sectors. Rippowam targets companies that have annual revenues between $10 million and $100 million and EBITDAs from $2 million to $10 million.  Specific areas of interest include food and beverage; health and beauty; active life…

Maranon Leads Mezzanine of Health & Safety Institute

Maranon Leads Mezzanine of Health & Safety Institute

Maranon Capital provided a mezzanine investment and an equity co-investment to support the recent acquisition of the Health & Safety Institute (HSI) by The Riverside Company. HSI is a provider of health and safety training and compliance services.  Sectors served include emergency care (CPR, first aid, blood-borne pathogens), workplace safety, professional responder (firefighters, EMTs, paramedics,…

Evercore Adds New Technology Banker

Evercore Adds New Technology Banker

New York-based investment bank Evercore Partners has hired Tom Stokes as a new Senior Managing Director in its Technology Banking Group.  Mr. Stokes is based in New York and will focus on advising clients across the technology sector.  Before joining Evercore, Mr. Stokes was a Managing Director in the investment banking division of Goldman Sachs…

Bookend Capital Launched in New York

Bookend Capital Launched in New York

Alexander Panos has launched Bookend Capital to invest in companies active in the branded consumer products sector.  Mr. Panos was previously a General Partner and Managing Director at TSG Consumer Partners, and a member of its investment committee.  He left the firm in October 2014 with the desire to launch a new firm to invest…

New Platform

Onex to Invest in Jack’s

Onex Corporation has made an investment in Jack’s Family Restaurants, a regional quick-service restaurant operator, in partnership with the company’s management team. “In Onex, we have found a partner that understands the heritage of the…

ABRY to Acquire FastMed Urgent Care

ABRY Partners has agreed to acquire FastMed Urgent Care, the second largest independent urgent care organization in the US and the largest network in both North Carolina and Arizona. FastMed provides non-appointment based medicine to…

Platte River Acquires Profile Products

Platte River Equity has acquired Profile Products, a maker of products that are used for soil modification, erosion and sediment control, and vegetation establishment. Profile’s products are designed to minimize soil loss and accelerate seed…

Add-on

GenNx360 Adds On Majestic Industries

Tooling Technology Holdings, a portfolio company of GenNx360 Capital Partners, has acquired automotive die manufacturer Majestic Industries. Majestic is a manufacturer of progressive and transfer dies used for stamping automotive parts.  The company designs, engineers,…

Kinderhook’s Lodis Merges with American Belt

Lodis Accessories, a portfolio company of Kinderhook Industries, has merged with The American Belt Company and the combined company has been renamed American Accessories. Lodis Accessories, acquired by Kinderhook in January 2006, is a supplier…

H-D Advanced Acquires Precision Aero

H-D Advanced Manufacturing Company has acquired Precision Aero, a maker of high-precision machined aircraft components. Precision Aero was founded in 1962 and primarily serves the aircraft (both commercial and military) and commercial vehicle markets. Products…

Leeds Builds on Financial Info Platform

Covenant Review, a portfolio company of Leeds Equity Partners, has acquired CapitalStructure, a provider of news and information on the European sub-investment grade credit market. Covenant Review, acquired by Leeds in September 2014, provides institutional…

Exit

Swander Pace Exits Applegate

Swander Pace Capital has sold its minority investment in Applegate, a natural and organic meat company, to Hormel Foods. The transaction, including the ownership interest of Applegate founder Stephen McDonnell, is valued at $775 million. …

BelHealth Exits Aureus Health Services

BelHealth Investment Partners has sold its portfolio company Aureus Health Services to Meijer, a regional hypermarket chain headquartered in Michigan. Aureus, acquired by BelHealth in December 2012, is a specialty pharmacy and health services company…

DWHP Exits Health and Safety Institute

DW Healthcare Partners (DWHP) has sold its portfolio company, Health & Safety Institute (HSI), to The Riverside Company.  This is the second bite of the apple for Riverside as the firm was the owner of…

GTCR Sells Protection 1 to Apollo

GTCR has signed an agreement to sell Protection 1, a security alarm monitoring company, to Apollo Global Management. The transaction is expected to close in the second quarter of 2015. Protection 1 provides installation, maintenance…

Financing

Maranon Leads Mezzanine of Health & Safety Institute

Maranon Capital provided a mezzanine investment and an equity co-investment to support the recent acquisition of the Health & Safety Institute (HSI) by The Riverside Company. HSI is a provider of health and safety training…

CIT Backs Buy of J.Jill by Towerbrook

CIT Corporate Finance was the Administrative Agent on a $40 million senior secured asset-based revolving credit facility for TowerBrook Capital Partners to facilitate the acquisition of a majority stake in J.Jill, a multi-channel retailer of…

GE Antares’ Chip Cushman Joins Golub

Golub Capital has hired Chip Cushman as its newest Managing Director in its middle market lending group.   Mr. Cushman will be responsible for originating, underwriting, executing and monitoring investments for the firm. He will be…

Monroe Backs Mud Pie Buyback

Monroe Capital has provided a subordinated debt facility to Mud Pie, LLC to enable the company to repurchase the equity of the company owned by Lineage Capital. With the closing of this transaction, the equity…

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