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Harvest Acquires DCA from Quad-C

Harvest Acquires DCA from Quad-C

Harvest Partners has acquired Dental Care Alliance (DCA) from Quad-C Management.  DCA provides back office business support to general and specialty dental offices.  The management team of DCA, led by CEO Mitch Olan and CFO David Nichols, will continue to lead the company under Harvest ownership. Quad-C first invested in DCA in May 2012 and…

Palladium Acquires TransForce

Palladium Acquires TransForce

Palladium Equity Partners has acquired TransForce, a staffing and recruiting company that specializes in the trucking industry. TransForce’s staffing and recruiting services provide qualified commercial truck drivers to third-party logistics companies, private fleets, and trucking companies. TransForce operates 47 branches across 24 states and dispatches more than 2,500 drivers to its customers on a daily…

Bunker Hill Acquires ASPEQ Heating

Bunker Hill Acquires ASPEQ Heating

Boston-based Bunker Hill Capital has acquired ASPEQ Heating Group, a maker of electric-heating and thermal-management products.  In addition to capital provided by Bunker Hill Capital and other co-investors, John Eulich – the majority owner of ASPEQ – and other members of the senior management team invested meaningful equity in the transaction. ASPEQ Heating Group is…

Metalmark Acquires Camin Cargo Control

Metalmark Acquires Camin Cargo Control

Metalmark Capital has acquired Camin Cargo Control, a provider of testing, inspection, certification and other services to the oil, gas and petrochemical industries. Camin Cargo Control provides inspection services for trading companies, major oil companies, domestic and foreign refiners as well as an increasing number of clients on the food and general cargo side of…

H.I.G. Adds-On to Lexmark Carpet Mills

H.I.G. Adds-On to Lexmark Carpet Mills

H.I.G. Capital’s portfolio company Lexmark Carpet Mills has completed the acquisition of Northwest Carpet. Northwest Carpets is a manufacturer of solution-dyed, broadloom carpet focused exclusively on the hospitality end-market.  The company was founded in 1977 by Randy Coker and his father, Edward Coker and is headquartered south of Chattanooga, TN in Dalton, GA (www.northwestcarpets.net). Lexmark,…

Rift Valley Acquires M&M Manufacturing

Rift Valley Acquires M&M Manufacturing

Rift Valley Equity Partners has acquired the assets of M&M Manufacturing, a manufacturer of precision machined components used in a variety of aerospace, defense and industrial applications. “M&M is an industry leading machine shop with an unparalleled reputation for providing the highest quality and exceptional service,” said David Caputo, Managing Partner of Rift Valley.  “We…

News

Tailwind Capital Second Fund Above Target

Tailwind Capital Second Fund Above Target

Tailwind Capital has held a final closing of Tailwind Capital Partners II, LP with $1.05 billion of committed capital. This exceeds the fund’s $750 million target.  Tailwind’s first fund was raised in 2009 with $775 million of capital. Fund II received commitments from existing and new investors, including pension funds, insurance companies, endowments and foundations,…

KPS Completes Dividend Recap of Anchor Glass

KPS Completes Dividend Recap of Anchor Glass

KPS Capital Partners has recapitalized its portfolio company Anchor Glass Container through a new $465 million term loan.  The proceeds were used to refinance outstanding debt and fund a $150 million cash distribution to stockholders. Anchor Glass, acquired by KPS in April 2014, is a manufacturer of glass packaging products for the beer, liquor, food,…

Encore Closes Third Fund Above Target

Encore Closes Third Fund Above Target

Encore Consumer Capital has closed its third fund above target and at its hard cap of $260 million. The target for the new fund was $225 million.  Encore’s second fund closed in December 2012 with $211 million of commitments. Encore Consumer Capital invests exclusively in consumer products companies that have revenues between $10 million and…

Franklin Square Provides $150MM to Littlejohn Portfolio Company

Franklin Square Provides $150MM to Littlejohn Portfolio Company

Franklin Square Capital Partners has provided a $150 million first lien secured term loan to Latham Pool Products, a manufacturer of in-ground residential swimming pools and components and a portfolio company of Littlejohn & Company since January of 2010 when the company emerged from Chapter 11 bankruptcy protection. The new financing was provided by FS…

Sumitomo Mitsui to Buy GE’s European Sponsor Finance Business

Sumitomo Mitsui to Buy GE’s European Sponsor Finance Business

GE has agreed to sell its European Sponsor Finance business to Sumitomo Mitsui Banking Corporation Europe Limited (SMBCE), a wholly owned subsidiary of Sumitomo Mitsui Banking Corporation (SMBC) for approximately $2.2 billion.  GE’s European Sponsor Finance business is one of the leading providers of sponsor finance for European mid-market, private-equity backed transactions. Earlier this month,…

Monomoy Merges Escort and Cobra

Monomoy Merges Escort and Cobra

Monomoy Capital Partners has completed the merger of two of its portfolio companies – Escort Inc. and Cobra Electronics Corp. – to form Cedar Electronics Holdings Corp.  The merger allowed for a dividend payment to be made to Monomoy Capital Partners II, LP and other investors. The combination of Escort and Cobra creates a sizable…

New Platform

Harvest Acquires DCA from Quad-C

Harvest Partners has acquired Dental Care Alliance (DCA) from Quad-C Management.  DCA provides back office business support to general and specialty dental offices.  The management team of DCA, led by CEO Mitch Olan and CFO…

Palladium Acquires TransForce

Palladium Equity Partners has acquired TransForce, a staffing and recruiting company that specializes in the trucking industry. TransForce’s staffing and recruiting services provide qualified commercial truck drivers to third-party logistics companies, private fleets, and trucking…

Bunker Hill Acquires ASPEQ Heating

Boston-based Bunker Hill Capital has acquired ASPEQ Heating Group, a maker of electric-heating and thermal-management products.  In addition to capital provided by Bunker Hill Capital and other co-investors, John Eulich – the majority owner of…

Add-on

H.I.G. Adds-On to Lexmark Carpet Mills

H.I.G. Capital’s portfolio company Lexmark Carpet Mills has completed the acquisition of Northwest Carpet. Northwest Carpets is a manufacturer of solution-dyed, broadloom carpet focused exclusively on the hospitality end-market.  The company was founded in 1977…

Superior Adds-on to Rostra Precision Controls

Superior Capital Partners (SCP) has completed an add-on acquisition for its portfolio company Rostra Precision Controls.  Vehicle Safety Manufacturing (VSM), a division of Rostra, has acquired the turn signal switch product line of Grote Industries.…

Keystone Capital Adds-On to Rocore

Rocore, a portfolio company of Keystone Capital, has acquired CTI Industries.  CTI repairs and refurbishes heat exchangers and steam condensers. Keystone acquired Rocore in October 2008. CTI’s repair services are used in the refinery, marine,…

Hellman & Friedman to Acquire Kadel’s Auto Body

ABRA Auto Body & Glass, a portfolio company of Hellman & Friedman, has signed an agreement to acquire Kadel’s Auto Body, a portfolio company of KCB Private Equity since August 2007.  Hellman & Friedman acquired…

Exit

Blackstone to Sell AlliedBarton to Wendel

Blackstone has agreed to sell its portfolio company AlliedBarton to Wendel SE for approximately $1.7 billion.   The sale of AlliedBarton was initiated by Blackstone in March 2015 and according to reports at that time Blackstone…

Paine & Partners Exits Icicle Seafoods

Paine & Partners and Icicle Holdings have entered into an agreement to sell Icicle Seafoods to Convergence Holdings and Dominion Catchers.  Convergence will acquire Icicle’s land-based wild seafood processing and farmed salmon activities, and Dominion…

Praesidian Exits Mezzanine Investment in Metanexgen

Praesidian Capital has exited its $11.5 million subordinated debt investment in Metanexgen, a marketing services company serving the life sciences industry, as a result of the sale of the company by DFW Capital Partners to…

KKR to Sell Capital Safety to 3M

3M has entered into an agreement to acquire Capital Safety from KKR at an enterprise value of $2.5 billion, including the assumption of $700 million of net debt.  The enterprise value multiple is approximately 14…

Financing

Franklin Square Provides $150MM to Littlejohn Portfolio Company

Franklin Square Capital Partners has provided a $150 million first lien secured term loan to Latham Pool Products, a manufacturer of in-ground residential swimming pools and components and a portfolio company of Littlejohn & Company…

Sumitomo Mitsui to Buy GE’s European Sponsor Finance Business

GE has agreed to sell its European Sponsor Finance business to Sumitomo Mitsui Banking Corporation Europe Limited (SMBCE), a wholly owned subsidiary of Sumitomo Mitsui Banking Corporation (SMBC) for approximately $2.2 billion.  GE’s European Sponsor…

Golub Continues Support of Aurora Portfolio Company

Golub Capital has provided a $355 million facility to support the refinancing of National Technical Systems, a portfolio company of Aurora Capital Group.  Aurora took publicly-traded National Technical Systems private in November 2013. National Technical…

Breakaway and Plexus Fund IC Real Tech

Breakaway Capital Partners and Plexus Capital have provided $15 million of senior subordinated notes to IC Real Tech to fund the launch of a new video security product of the company. IC Real Tech (ICRT)…

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