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Blackstone Exits Avintiv

Blackstone Exits Avintiv

Berry Plastics Group has entered into an agreement to acquire Avintiv, a portfolio company of Blackstone, for approximately $2.5 billion in cash on a debt-free and cash-free basis.  Avintiv, formerly known as Polymer Group, was acquired by Blackstone in January 2011.  The sale of Avintiv to Berry is expected to close by the end of…

Kelso and BlackEagle Recap US LBM

Kelso and BlackEagle Recap US LBM

Kelso & Company has agreed to acquire a majority equity interest in US LBM Holdings, a distributor of building products material, from BlackEagle Partners.  BlackEagle and members of the company’s management team will continue to hold a minority interest in the company. US LBM is a building products distribution platform formed by BlackEagle in 2009. …

Pine Tree Exits Bradley-Morris

Pine Tree Exits Bradley-Morris

Pine Tree Equity Partners has sold its portfolio company Bradley-Morris to Thompson Street Capital Partners. Pine Tree acquired Bradley-Morris in June 2013 in partnership with the company’s management team led by Sandy Morris, Founder and Chief Executive Officer. Bradley-Morris is one of the nation’s largest military-focused recruiting firms.  The company hosts hiring conferences and job…

Aquiline Acquires NCA Group

Aquiline Acquires NCA Group

Worley Claims Services, a portfolio company of Aquiline Capital Partners, has signed an agreement to acquire NCA Group, a provider of insurance claims services. NCA Group specializes in residential and commercial property claims management throughout the United States, Canada and the Caribbean. The company’s claims services platform is comprised of five operating units: Daily Claims;…

Marlin Invests in My Fit Foods

Marlin Invests in My Fit Foods

Marlin Equity Partners has made an investment in My Fit Foods, a grab-and‐go specialty retailer of health‐oriented prepared meals.  Investing alongside existing equity partner, TSG Consumer Partners, this investment will be used by the company to pursue the development of new retail locations. My Fit Foods is a vertically integrated maker of breakfast, lunch, dinner…

Cyprium Backs Third Gen Buy of Weaber

Cyprium Backs Third Gen Buy of Weaber

Cyprium Partners has made a preferred equity and subordinated debt investment in Weaber, a provider of finished hardwood lumber products.  The investment by Cyprium was used to finance the acquisition of the company by third generation President and CEO, Matthew Weaber. Weaber’s finished hardwood lumber products include boards, flooring, moldings, stair parts, and factory primed…

News

Security Pro Kevin Cronin Joins Mackinac

Security Pro Kevin Cronin Joins Mackinac

Kevin Cronin, an experienced law enforcement agent and former Homeland Security professional, has joined Detroit-based financial advisory firm Mackinac Partners.  Mr. Cronin will assume the title of Managing Director and will be active in the firm’s business intelligence and corporate security practice. Mr. Cronin undoubtedly has the background for his new posting as he has…

Exit Volume at Record Levels in Q2

Exit Volume at Record Levels in Q2

Private equity quarterly exit volume was at its highest level on record at $125 billion for the second quarter of 2015, according to the Private Equity Growth Capital Council’s (PEGCC) Trends Report for the second quarter of 2015. Investment volume for the quarter was strong as well, totaling $112 billion, the second highest level for…

Babson Backs Falfurrias Buy of GlynnDevins

Babson Backs Falfurrias Buy of GlynnDevins

Babson Capital Management provided subordinated debt and also made an equity co-investment to back the June 2015 acquisition of GlynnDevins, a marketing agency serving the senior living sector. GlynnDevins’ marketing and advertising services include market research, brand development, creative services, and media planning and buying.  The company is hired by senior living communities and their…

Huntington Rebrands as HCAP

Huntington Rebrands as HCAP

San Diego-based Huntington Capital, led by partners Tim Bubnack, Morgan Miller and Frank Mora, has rebranded itself as HCAP Partners. HCAP is a provider of mezzanine and equity capital to lower middle market companies throughout the western United States.  The firm invests from $2 million to $9 million in businesses generating between $10 million and…

Head of TMT at Citi Heads to Lazard

Head of TMT at Citi Heads to Lazard

Investment bank Lazard has hired Eric Medow as the firm’s newest managing director. He will be responsible for co-leading Lazard’s global technology, media and telecoms business. Mr. Medow will co-head the TMT practice with Paul Haigney in San Francisco, and will work with Vincent le Stradic in Paris regarding TMT in Europe, the Middle East…

LBC Backs Monomoy’s Merger and Dividend Recap

LBC Backs Monomoy’s Merger and Dividend Recap

Philadelphia-based LBC Credit Partners provided a $97 million senior secured credit facility to back the June 2015 merger of two of Monomoy Capital Partners’ portfolio companies – Escort Inc. and Cobra Electronics Corp. – to form Cedar Electronics Holdings Corp.  The merger and the financing from LBC allowed for a $41 million dividend payment to…

New Platform

Marlin Invests in My Fit Foods

Marlin Equity Partners has made an investment in My Fit Foods, a grab-and‐go specialty retailer of health‐oriented prepared meals.  Investing alongside existing equity partner, TSG Consumer Partners, this investment will be used by the company…

Cyprium Backs Third Gen Buy of Weaber

Cyprium Partners has made a preferred equity and subordinated debt investment in Weaber, a provider of finished hardwood lumber products.  The investment by Cyprium was used to finance the acquisition of the company by third…

Tailwind Capital Invests in National HME

Tailwind Capital has acquired National HME, a provider of medical equipment management services to the hospice market. In addition to its medical equipment services, National HME also provides ordering and invoicing as well as data…

Add-on

Aquiline Acquires NCA Group

Worley Claims Services, a portfolio company of Aquiline Capital Partners, has signed an agreement to acquire NCA Group, a provider of insurance claims services. NCA Group specializes in residential and commercial property claims management throughout…

Identity Group Adds-On with Buy of Alchemy

Identity Group Holdings, a portfolio company of Ancor Capital Partners, Merit Capital and PNC Mezzanine, has acquired Alchemy Dimensional Graphics, a maker of architectural signage. Alchemy Dimensional Graphics is a wholesale-only supplier to the architectural…

Revelstoke Completes Two More Add-ons to Schryver

Schryver Medical Sales and Marketing, a portfolio company of Revelstoke Capital Partners, has completed the acquisitions of Main Street Clinical Laboratory and On-Site Imaging Solutions.  These two acquisitions follow Schryver’s January 2015 acquisition of Nashville-based…

Argosy Adds-On to Fairway Building Products

Fairway Building Products, a portfolio company of Argosy Investment Partners, has acquired Carfaro, a manufacturer of aluminum railings used in residential and commercial buildings. The buy of Carfaro is the first add-on acquisition for Fairway…

Exit

Blackstone Exits Avintiv

Berry Plastics Group has entered into an agreement to acquire Avintiv, a portfolio company of Blackstone, for approximately $2.5 billion in cash on a debt-free and cash-free basis.  Avintiv, formerly known as Polymer Group, was…

Kelso and BlackEagle Recap US LBM

Kelso & Company has agreed to acquire a majority equity interest in US LBM Holdings, a distributor of building products material, from BlackEagle Partners.  BlackEagle and members of the company’s management team will continue to…

Pine Tree Exits Bradley-Morris

Pine Tree Equity Partners has sold its portfolio company Bradley-Morris to Thompson Street Capital Partners. Pine Tree acquired Bradley-Morris in June 2013 in partnership with the company’s management team led by Sandy Morris, Founder and…

MidOcean Exits Noranco

MidOcean Partners has reached an agreement to sell aerospace parts maker Noranco to publicly traded Precision Castparts. The firm, along with its co-investor PSP Investments, acquired Noranco in April 2013. Noranco is a supplier of…

Financing

Babson Backs Falfurrias Buy of GlynnDevins

Babson Capital Management provided subordinated debt and also made an equity co-investment to back the June 2015 acquisition of GlynnDevins, a marketing agency serving the senior living sector. GlynnDevins’ marketing and advertising services include market…

LBC Backs Monomoy’s Merger and Dividend Recap

Philadelphia-based LBC Credit Partners provided a $97 million senior secured credit facility to back the June 2015 merger of two of Monomoy Capital Partners’ portfolio companies – Escort Inc. and Cobra Electronics Corp. – to…

Ares Management  and Kayne Anderson to Merge

Ares Management and Kayne Anderson Capital Advisors have entered into a merger agreement to create Ares Kayne Management, an alternative asset manager with a combined $113 billion of assets under management. Under the agreement Ares…

New Head of Mezzanine Named at Madison Capital

Madison Capital Funding, an active lender to middle market private equity, has hired Jon Leisinger, Director, as the firm’s new head of Mezzanine Credit.  He is based in the firm’s Chicago office. “We are pleased…

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