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Kohlberg Exits Trico

Kohlberg Exits Trico

Trico Products, a maker of windshield wiper blades and a portfolio company of Kohlberg & Company, has signed an agreement to be acquired by Crowne Group. “Trico represents an excellent strategic fit for Crowne due to its balanced mix of business between aftermarket and OEM, potential for manufacturing and distribution synergies, a great infrastructure and…

Turnspire Capital Acquires Banker Steel

Turnspire Capital Acquires Banker Steel

Turnspire Capital and Atlas Holdings have acquired Banker Steel, a fabricator of structural steel components. The company’s founder, Don Banker, will continue as the company’s Chief Executive Officer and will retain a significant ownership interest. Banker Steel is a fabricator of structural steel components used in commercial and infrastructure projects. The company operates from two…

Highlander Sells Custom Windows Systems to Nautic

Highlander Sells Custom Windows Systems to Nautic

Highlander Partners has completed the sale of its portfolio company, Vidrio Holdings and its operating subsidiary, Custom Windows Systems, to Nautic Partners. Custom Windows Systems (CWS), acquired by Highlander in December 2012, is a designer, manufacturer and marketer of impact-resistant and non-impact windows and doors, as well as porch enclosure products.  CWS primarily serves the…

Artemis Capital Acquires Adcole

Artemis Capital Acquires Adcole

Artemis Capital Partners has acquired Adcole Corporation, a manufacturer of metrology gauges and satellite sun sensors. Adcole designs and builds Cylindrical Coordinate Measuring Machines (CCMM) used for the precision gauging of engine components such as camshafts, crankshafts, and pistons. Adcole CCMMs are used by OEMs, Tier 1 suppliers, and other industrial companies during manufacturing and…

Thompson Street Acquires Stone Panels

Thompson Street Acquires Stone Panels

Thompson Street Capital Partners has partnered with management to acquire Stone Panels, a manufacturer of natural stone composite panels. “Stone Panels has created a product that’s superior to both traditional dimensional stone and to any other thin-clad product available. We’re extremely impressed with the StoneLite® products and we are proud to be partnering with the…

Catterton Acquires John Hardy

Catterton Acquires John Hardy

John Hardy, a luxury designer jewelry brand known for its Asian inspired designs and traditional handmade jewelry techniques, has been acquired by Catterton Partners. London-based private equity firm 3i acquired a minority equity position in John Hardy for €24 million in 2007. John Hardy’s products are available at more than 600 retail locations across 27 countries…

News

Lexington to Acquire Citi’s Commitment to Metalmark’s Fund II

Lexington to Acquire Citi’s Commitment to Metalmark’s Fund II

Citigroup and Lexington Partners have entered into an agreement for Citi to sell 80% of its $1.5 billion limited partnership interest in Metalmark Capital Partners II to Lexington. Citi will offer the remaining 20% of its limited partnership interest to existing MCP II limited partners.  The transaction is expected to close in the fourth quarter…

Norwest Equity Promotes and Hires

Norwest Equity Promotes and Hires

Norwest Equity Partners has added a new professional to its investment team and has made three staff promotions. Kevin Torgerson has joined the firm as a Principal and the three promotions include Christina Miller to Principal; Darren Herz to Treasurer; and Heather Goodwin to Vice President, Marketing. Kevin Torgerson has recently joined Norwest Equity Partners…

Clairvest Closes Fifth Fund at Hard Cap

Clairvest Closes Fifth Fund at Hard Cap

Clairvest Group has held a final closing of its latest fund, Clairvest Equity Partners V LP, at the hard cap of $600 million. The firm’s original target for the fund was $500 million. Clairvest’s commitment to the fund, which began marketing in March 2014, is $180 million alongside $420 million from third party investors. “We…

Levine Leichtman Hits 27% IRR on Sale of CPSS

Levine Leichtman Hits 27% IRR on Sale of CPSS

Levine Leichtman Capital Partners (LLCP) has exited its investment in Consumer Portfolio Services realizing a 27% IRR and a 2.3X multiple of invested capital. Consumer Portfolio Services (NASDAQ: CPSS) is a specialty finance company that provides indirect automobile financing to individuals with past credit problems, low incomes or limited credit histories.  The company purchases retail…

Alcentra Capital Backs ACT Lighting

Alcentra Capital Backs ACT Lighting

Alcentra Capital has provided $11.5 million in senior subordinated debt and junior subordinated debt to ACT Lighting, a distributor of lighting controls and a portfolio company of Base Equity Partners. ACT Lighting is a distributor of lighting control consoles, lighting fixtures, and cable for live entertainment events. The company’s services include marketing, selling, supporting and…

Kinderhook Hits 23x on Sale of Tectum

Kinderhook Hits  23x on Sale of Tectum

Kinderhook Industries has sold a majority stake in Tectum Holdings (THI), a manufacturer of pickup truck accessories, to TA Associates.  Kinderhook will maintain a significant minority interest in THI and will continue to participate on the company’s board of directors. THI has been a portfolio company of Kinderhook’s since 2007 and the sale, including prior…

New Platform

Turnspire Capital Acquires Banker Steel

Turnspire Capital and Atlas Holdings have acquired Banker Steel, a fabricator of structural steel components. The company’s founder, Don Banker, will continue as the company’s Chief Executive Officer and will retain a significant ownership interest.…

Artemis Capital Acquires Adcole

Artemis Capital Partners has acquired Adcole Corporation, a manufacturer of metrology gauges and satellite sun sensors. Adcole designs and builds Cylindrical Coordinate Measuring Machines (CCMM) used for the precision gauging of engine components such as…

Thompson Street Acquires Stone Panels

Thompson Street Capital Partners has partnered with management to acquire Stone Panels, a manufacturer of natural stone composite panels. “Stone Panels has created a product that’s superior to both traditional dimensional stone and to any…

Add-on

Arlington Capital Acquires Global News Intelligence

Novetta Solutions, a portfolio company of Arlington Capital Partners, has acquired Global News Intelligence, a sentiment and influence analytics firm that supports commercial and government clients in the US and abroad. “Global News Intelligence is…

Warburg Pincus Acquires Z-Safety Systems

Total Safety, a provider of safety and compliance services and a portfolio company of Warburg Pincus, has acquired Z-Safety Systems (DBA Z-Monitoring) from Z-Group.  Warburg Pincus acquired Total Safety in 2011. Z-Monitoring is the designer…

Harbour Acquires Holman Boiler and Affiliated Power

Cleaver-Brooks, a portfolio company of the Harbour Group, has acquired Holman Boiler Works and Affiliated Power Services.  Both companies are Texas-based boiler sales and service providers. “These are two outstanding companies.” said Jeff Fox, Chairman…

Svoboda Capital Acquires Cogniserv

Databank IMX, a portfolio company of Svoboda Capital Partners, has acquired Cogniserv, a document scanning company.  The transaction is the fifth add-on acquisition for Databank since Svoboda first invested in the company in January 2011.…

Exit

Kohlberg Exits Trico

Trico Products, a maker of windshield wiper blades and a portfolio company of Kohlberg & Company, has signed an agreement to be acquired by Crowne Group. “Trico represents an excellent strategic fit for Crowne due…

Highlander Sells Custom Windows Systems to Nautic

Highlander Partners has completed the sale of its portfolio company, Vidrio Holdings and its operating subsidiary, Custom Windows Systems, to Nautic Partners. Custom Windows Systems (CWS), acquired by Highlander in December 2012, is a designer,…

Shore Points Sells Loftware to Riverside Partners

Shore Points Capital has completed the sale of its investment in Loftware through a recapitalization of the company led by Riverside Partners. Shore Points acquired Loftware in January 2005. Loftware is a labeling services provider…

Charlesbank Exits The Princeton Review

The Princeton Review, a portfolio company of Charlesbank Capital Partners, has signed an agreement to be acquired by Tutor.com, an operating subsidiary of IAC (NASDAQ: IACI).  The transaction is expected to close on August 1,…

Financing

Alcentra Capital Backs ACT Lighting

Alcentra Capital has provided $11.5 million in senior subordinated debt and junior subordinated debt to ACT Lighting, a distributor of lighting controls and a portfolio company of Base Equity Partners. ACT Lighting is a distributor…

Abacus Backs Latest Buy of Wafra Partners

Abacus Finance Group was the Administrative Agent and Sole Lead Arranger for $19 million in senior secured credit facilities to support the acquisition of Atronix, a provider of cable assemblies, by Wafra Partners. Abacus team…

Yukon Backs Latest Buy of Revelstoke

Yukon Partners has provided subordinated debt and equity to support the acquisition of Schryver Medical by Revelstoke Capital Partners. The management team of Schryver will continue to own a minority interest in the company. “We…

Golub Capital Backs ILC Industries Refinance

Golub Capital was the Joint Lead Arranger, Joint Bookrunner and Administrative Agent on a $330 million senior credit facility to support the refinancing of ILC Industries, a portfolio company of Behrman Capital. ILC Industries, which…

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