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Wingate Sells Dunn Paper to Arbor

Wingate Sells Dunn Paper to Arbor

Wingate Partners has sold Dunn Paper to Arbor Investments. Wingate acquired Dunn Paper in July 2010 from Meriturn Partners. Dunn Paper is a supplier of made-to-order specialty papers and tissues used in the food packaging and consumer product markets. Products include specialty waxed, coated, and uncoated machine glazed papers used in various foodservice and flexible…

CD&R to Buy Drive DeVilbiss from Ferrer Freeman

CD&R to Buy Drive DeVilbiss from Ferrer Freeman

Clayton, Dubilier & Rice has agreed to acquire Drive DeVilbiss Healthcare, a manufacturer of medical products, from Ferrer Freeman & Company. The transaction is expected to close in the fourth quarter of 2016. Drive DeVilbiss Healthcare is a manufacturer of medical products such as wheelchairs, sleep surfaces, beds, respiratory equipment, power wheelchairs, power scooters, and…

Sterling Partners Invests in Panopto

Sterling Partners Invests in Panopto

Sterling Partners’ Education Opportunity Fund has made an investment in Panopto, a provider of video content management, recording, and live streaming services. Panopto was founded in 2007 and sells software that enables businesses and universities to create secure, searchable video libraries. Panopto was founded by technology entrepreneurs and software design veterans at Carnegie Mellon University’s…

H.I.G. Acquires  CXtec and TERACAI

H.I.G. Acquires  CXtec and TERACAI

H.I.G. Capital has acquired CABLExpress Corporation (DBA CXtec) and TERACAI Corporation. CXtec is a provider of refurbished networking and telephony hardware and data center cabling products. The company was founded in 1978 by William Pomeroy. Mr. Pomeroy first ran the business out of his home, originally dealing in used IBM System 370 mainframe options. With closing…

Guardian Acquires Carson-Dellosa

Guardian Acquires Carson-Dellosa

Guardian Capital Partners has acquired Carson-Dellosa Publishing, a provider of K-8 supplemental educational products. Guardian partnered with the senior management team of the company who will continue operating the company. Carson-Dellosa products include digital and print workbooks, test-prep, hands-on learning materials and classroom décor and resources. The company’s products are sold under the Spectrum, Summer…

Investors Management Acquires RiseMark Brands

Investors Management Acquires RiseMark Brands

Investors Management Corporation (IMC) has acquired RiseMark Brands, an Omaha-based in-home senior care franchisor. According to IMC, RiseMark is one of the nation’s leading in-home senior care franchise companies.  Through its Right at Home brand, RiseMark provides companion care, personal care, skilled nursing, and Alzheimer’s and dementia care in the US and seven international territories. …

News

KLH Reaches Fund III Final Close

KLH Reaches Fund III Final Close

KLH Capital has held a final close of KLH Capital Fund III, LP with $155 million in committed capital. KLH began fundraising in January 2016 and had a first close at $135 million in July. According to KLH, all of the investors from the firm’s second fund have invested in Fund III, including a substantial portion…

Crutchfield Capital Adds New Director

Crutchfield Capital Adds New Director

Crutchfield Capital, a middle-market investment bank, has hired William (Bill) Cornelius as a new Director. Mr. Cornelius has 12 years of investment banking, principal investing, commercial banking, and business operations experience. Before joining Crutchfield, he was a partner at Trinity Duke Partners, an investment firm based in Houston. While he was at Trinity Duke he…

Will Sun Capital’s Partnership-in-Fact Ruling Change Your Fund?

Will Sun Capital’s Partnership-in-Fact Ruling Change Your Fund?

A court ruling that redefines withdrawal liability for multiemployer pension plans means private equity firms will be paying a lot more attention to how investing partnerships are formed. A March 2016 decision by the U.S. District Court in Massachusetts in Sun Capital Partners III, LP, et al v. New England Teamsters and Trucking Industry Pension…

Not So Quiet on the Western Front

Not So Quiet on the Western Front

Within the GF Data universe of middle-market deal sponsors, the slowdown in M&A activity has been neither as deep nor as prolonged as general industry reports would suggest, according to the deal tracking firm’s second-quarter report. After a quiet first quarter, completed deal volume perked up in 2Q.  The 205 private equity groups and other…

Pharos Staffs Up

Pharos Staffs Up

Pharos Capital Group has hired James Kerrigan and Kevin Ryan as new Senior Financial Analysts. Mr. Kerrigan will be based in Pharos’s Dallas office and Mr. Ryan will be based in Nashville. “We are excited to welcome Jim and Kevin, who are already fully engaged as we just closed on the purchase of telepsychiatry services…

J.W. Childs Builds Staff

J.W. Childs Builds Staff

Middle market investor J.W. Childs Associates has added three new professionals to its team with the hiring’s of Philippe Schenk as Managing Director, Kyle Casella as Vice President, and Jess Yuan as Associate. Mr. Schenk will lead investor relations activities for J.W. Childs. Mr. Casella and Ms. Yuan are responsible for due diligence and analysis…

Private Equity Conference September 29 & 30 Ann Arbor
New Platform

CD&R to Buy Drive DeVilbiss from Ferrer Freeman

Clayton, Dubilier & Rice has agreed to acquire Drive DeVilbiss Healthcare, a manufacturer of medical products, from Ferrer Freeman & Company. The transaction is expected to close in the fourth quarter of 2016. Drive DeVilbiss…

Sterling Partners Invests in Panopto

Sterling Partners’ Education Opportunity Fund has made an investment in Panopto, a provider of video content management, recording, and live streaming services. Panopto was founded in 2007 and sells software that enables businesses and universities…

H.I.G. Acquires  CXtec and TERACAI

H.I.G. Capital has acquired CABLExpress Corporation (DBA CXtec) and TERACAI Corporation. CXtec is a provider of refurbished networking and telephony hardware and data center cabling products. The company was founded in 1978 by William Pomeroy.…

Add-on

LFM Expands Eckhart Platform

Eckhart, a portfolio company of LFM Capital, has acquired Auto Craft Tool & Die and 3 D Sales (together “Auto Craft”). This is the first add-on acquisition for Eckhart since being acquired by LFM in…

Kinderhook Buys Tuffy

Bestop, a portfolio company of Kinderhook Industries, has acquired Tuffy Security Products, a maker of storage products – such as steel consoles, drawers, glove boxes, and trunks – that are used in Jeeps, trucks, SUV’s…

LaSalle Capital Acquires H. Fox & Co.

 Westminster Foods, a portfolio company of LaSalle Capital, has acquired syrup maker H. Fox & Co. This add-on acquisition expands Westminster’s existing sauce, syrup and condiment business. H. Fox & Co. is a manufacturer of…

Sun Capital Acquires Smart Grid Business from Tollgrade

Aclara Technologies, a portfolio company of Sun Capital Partners, has acquired the smart grid business of Tollgrade Communications. The transaction includes Tollgrade’s LightHouse Sensor Management System (SMS) monitoring platform which is used to detect, in…

Exit

Wingate Sells Dunn Paper to Arbor

Wingate Partners has sold Dunn Paper to Arbor Investments. Wingate acquired Dunn Paper in July 2010 from Meriturn Partners. Dunn Paper is a supplier of made-to-order specialty papers and tissues used in the food packaging…

JLL and Water Street to Exit Bioclinica

Water Street Healthcare Partners and JLL Partners have signed an agreement to sell Bioclinica to private equity firm Cinven. The transaction is expected to close in the fourth quarter of 2016. In March 2014, Bioclinica,…

Pamlico Sells Physicians Endoscopy to Kelso

Pamlico Capital has sold its portfolio company Physicians Endoscopy to Kelso & Company. Guidon Partners is co-investing alongside Kelso & Company on this transaction. Physicians Endoscopy was acquired by Pamlico Capital from Silver Oak Services Partners in…

Audax Exits Laborie Medical Technologies

Audax Private Equity has agreed to sell Laborie Medical Technologies to Patricia Industries, a wholly-owned subsidiary of Swedish conglomerate Investor AB. Laborie Medical Technologies is a developer, manufacturer and marketer of medical technology and consumables…

Financing

Abacus Backs LLCP Buy

Abacus Finance Group, a provider cash-flow senior financing for private equity-sponsored, lower-middle market companies, was the Administrative Agent and Sole Lead Arranger for a $20.5 million senior secured credit facility to support the May 2016…

Yukon Backs Sorenson’s Buy of Axiom

Yukon Partners was a co-investor alongside Sorenson Capital in the recent acquisition of Axiom Materials. Axiom Materials is a composite materials manufacturer with a specialization in “prepreg” materials – (prepreg is a term for “pre-impregnated”…

AB-PCI Growing and Enhances Midwest Coverage

AB-Private Credit Investors (AB-PCI) continues to experience strong growth with the recent additions of three vice presidents, nine associates, and a chief of staff, expanding the team to 34 professionals. AB-PCI is the middle market…

Abacus Backs Vicente’s  Portfolio Company

Abacus Finance Group was the Administrative Agent and Lead Arranger for a $23 million senior secured credit facility to support the recapitalization of Global LT, a portfolio company of Vicente Capital Partners. Global LT is…

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