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Arsenal Acquires Synchrogenix

Arsenal Acquires Synchrogenix

Arsenal Capital Partners has acquired Synchrogenix, a provider of regulatory writing services to the pharmaceutical industry.  Upon closing, Synchrogenix was merged into Arsenal’s existing portfolio company Certara, a drug development and drug safety consultancy acquired by Arsenal this past December. “Having worked with our talented staff to build Synchrogenix from the ground up, I was…

Warburg Pincus Acquires Electronic Funds Source

Warburg Pincus Acquires Electronic Funds Source

Warburg Pincus has entered into an agreement to Electronic Funds Source (EFS), a provider of corporate payment services, from an investor group including First Data Transportation Services, CTP Holdings, and FJ Management. The transaction is expected to close in the second quarter of 2014. “We believe there is a significant opportunity to build on EFS’…

Highlander Acquires Extrusion Ops of Profile Extrusion

Highlander Acquires Extrusion Ops of Profile Extrusion

Highlander Partners has acquired the aluminum extrusion assets of Profile Extrusion Company.  The acquired aluminum extrusion operations will continue to operate from their current location in Rome, GA under the name of Profile Custom Extrusions.  The current management team will continue to operate the business. “We are very pleased to be a part of the…

RFE and 24/6 Acquire Precision Components Business

RFE and 24/6 Acquire Precision Components Business

PCX Aerostructures, a new platform company formed by RFE Investment Partners and 24/6 Capital Partners, has acquired the precision components business of SPX Corporation. PCX Aerostructures is a manufacturer of highly engineered, precision, flight critical and other essential components for rotorcraft and fixed wing aerospace platforms serving the military and commercial markets.  PCX has manufacturing…

KPS Capital Partners Acquires Anchor Glass

KPS Capital Partners Acquires Anchor Glass

KPS Capital Partners has entered into an agreement to acquire Anchor Glass Container Corporation from Ardagh Holdings USA.  Completion of the transaction is expected during the second or third quarter of 2014. Anchor Glass is a North American manufacturer of glass packaging products for the beer, liquor, food, beverage, ready-to-drink and consumer end-markets.  The company…

Castle Harlan Acquires Gold Star from Prospect

Castle Harlan Acquires Gold Star from Prospect

Castle Harlan has acquired Gold Star Foods, a food distributor to K-12 schools and a portfolio company of Prospect Partners.  Castle Harlan invested in Gold Star through its fifth fund, Castle Harlan Partners V.  Prospect Partners acquired Gold Star in October 2007. “Gold Star is a proven leader in the stable and moderately growing school…

News

Bain Capital Closes on $7.3 Billion

Bain Capital Closes on $7.3 Billion

Bain Capital has held a final closing of its latest fund, Bain Capital Fund XI (Fund 11), with $7.3 billion of capital commitments. The final close is above the original target of $6 billion but less than the hard cap of $7.5 billion.  Bain’s previous fund, Fund X, raised $10.7 billion in 2008. Bain received…

CalSTRS Commits $200 Million through Private Equity Proactive Portfolio

CalSTRS Commits $200 Million through Private Equity Proactive Portfolio

The California State Teachers’ Retirement System (CalSTRS) has committed $200 million through its Private Equity Proactive Portfolio, which reaches small, niche emerging managers including those in under-served domestic markets. This latest commitment expands the program, established in 2003, to $1.9 billion. The program adds a new partner, Chicago-based Muller & Monroe Asset Management (www.m2am.com), with…

Sycamore Moves Quickly to Revamp Jones

Sycamore Moves Quickly to Revamp Jones

Since completing the acquisition of The Jones Group for $2.2 billion last week, Sycamore Partners has moved quickly to reorganize the company into six independent companies. Earlier this week, Sycamore spun out brands Stuart Weitzman and Kurt Geiger as independent companies.   The spin-out of Stuart Weitzman is being made in partnership with the company’s long-time…

Abacus Finance Backs WestView Buy of Xtend

Abacus Finance Backs WestView Buy of Xtend

Abacus Finance was the Administrative Agent and Sole Lead Arranger for $45 million in senior secured credit facilities to support the recapitalization of Xtend Healthcare by WestView Capital Partners. Xtend Healthcare is a national provider of revenue cycle outsourcing services to small, critical access hospitals as well as multi-hospital health systems.  The company’s services range…

Pomona Closes Eighth Secondary Fund at Hard Cap

Pomona Closes Eighth Secondary Fund at Hard Cap

Global private equity firm Pomona Capital has held a final close of its eighth secondaries fund, Pomona Capital VIII, LP with commitments of $1.75 billion. The new fund had a target of $1.3 billion and was substantially oversubscribed, hitting its hard cap.  Pomona Capital VIII, like its predecessor funds, will purchase interests in private equity…

Behrman Completes $570 Million Recap of Pelican

Behrman Completes $570 Million Recap of Pelican

Behrman Capital has completed a $570 million recapitalization of Pelican Products.  Proceeds from the recapitalization were used to repay existing debt and accrued interest, pay fees and expenses, and pay a cash dividend to the shareholders of Pelican. The recapitalization is comprised of a $365 million first-lien term loan, a $175 million second-lien term loan,…

New Platform

Warburg Pincus Acquires Electronic Funds Source

Warburg Pincus has entered into an agreement to Electronic Funds Source (EFS), a provider of corporate payment services, from an investor group including First Data Transportation Services, CTP Holdings, and FJ Management. The transaction is…

Highlander Acquires Extrusion Ops of Profile Extrusion

Highlander Partners has acquired the aluminum extrusion assets of Profile Extrusion Company.  The acquired aluminum extrusion operations will continue to operate from their current location in Rome, GA under the name of Profile Custom Extrusions. …

RFE and 24/6 Acquire Precision Components Business

PCX Aerostructures, a new platform company formed by RFE Investment Partners and 24/6 Capital Partners, has acquired the precision components business of SPX Corporation. PCX Aerostructures is a manufacturer of highly engineered, precision, flight critical…

Add-on

Arsenal Acquires Synchrogenix

Arsenal Capital Partners has acquired Synchrogenix, a provider of regulatory writing services to the pharmaceutical industry.  Upon closing, Synchrogenix was merged into Arsenal’s existing portfolio company Certara, a drug development and drug safety consultancy acquired…

RFE and 24/6 Acquire Precision Components Business

PCX Aerostructures, a new platform company formed by RFE Investment Partners and 24/6 Capital Partners, has acquired the precision components business of SPX Corporation. PCX Aerostructures is a manufacturer of highly engineered, precision, flight critical…

Custom Ecology Acquires B.J. Bear

Custom Ecology, a portfolio company of Kinderhook Industries, has acquired B.J. Bear Grain Co.  B.J. Bear is the fourth acquisition by Kinderhook its Custom Ecology platform. B.J. Bear provides outsourced municipal solid waste hauling services…

Century Park Acquires Andrés Imaging & Graphics

Moss Inc., a portfolio company of Century Park Capital Partners, has made a control investment in Andrés Imaging & Graphics, a provider of visual branding products and services. Andrés Imaging & Graphics is a provider…

Exit

Madison Dearborn Exits Nuveen

Financial services provider TIAA-CREF has agreed to acquire Nuveen Investments from an investor group led by Madison Dearborn Partners at an enterprise value of $6.25 billion. Madison Dearborn acquired Nuveen in 2007. Nuveen Investments is…

Gores Exits Norment Security Group

The Gores Group has sold its portfolio company Norment Security Group, a provider of correctional security technology, to Cornerstone Detention Products. Gores first invested in Norment in September 2007. Norment Security Group is a supplier…

KRG Capital Partners Exits Focus

KRG Capital Partners has sold its portfolio company Focus Corporation to WSP Global in an all cash transaction valued at approximately $366 million. The Focus Corporation is a consulting firm providing a range of engineering,…

Levine Leichtman Exits Luminator Technology Group

Levine Leichtman Capital Partners has completed the sale of Luminator Technology Group, a manufacturer of lighting systems, to Audax Group. Luminator Technology Group is a designer and manufacturer of display, lighting and passenger communication systems…

Financing

Abacus Finance Backs WestView Buy of Xtend

Abacus Finance was the Administrative Agent and Sole Lead Arranger for $45 million in senior secured credit facilities to support the recapitalization of Xtend Healthcare by WestView Capital Partners. Xtend Healthcare is a national provider…

Behrman Completes $570 Million Recap of Pelican

Behrman Capital has completed a $570 million recapitalization of Pelican Products.  Proceeds from the recapitalization were used to repay existing debt and accrued interest, pay fees and expenses, and pay a cash dividend to the…

TCF Backs Range Light Buy of Freedom Electronics

TCF Capital Funding has provided $12 million of secured financing to support the acquisition of Freedom Electronics by private equity firm Range Light. Freedom Electronics is a rebuilder of electronic gas pumps, point-of-sale terminals and…

ACAS Backs Audax Group Buy of Luminator

American Capital has committed $71 million to support the acquisition of Luminator Technology Group by Audax Group. Since founding in 1986, American Capital has invested approximately $11 billion in over 250 portfolio companies in support…

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