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Silver Lake to Acquire Cast & Crew

Silver Lake to Acquire Cast & Crew

Silver Lake has signed an agreement to acquire Cast & Crew Entertainment Services, a provider of payroll and production accounting services to the entertainment industry, from ZM Capital (ZMC) and other investors.  Cast & Crew’s senior management will remain in their current roles and continue as equity partners under the new ownership structure. Cast &…

Marlin Equity Partners Acquires IBS

Marlin Equity Partners Acquires IBS

Marlin Equity Partners has acquired International Business Systems AB (IBS), a portfolio company of Symphony Technology Group since 2011 when Symphony took the company private. IBS is a provider of distribution resource management software used in the wholesale, distribution and manufacturer/distributor markets. IBS’ products include an Enterprise Resource Planning and Supply Chain Management software suite,…

Superior Adds-on to Rostra Precision Controls

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. According to SCP, the buy of Grote’s turn signal switch operation positions VSM as the leader of domestically produced turn…

Blackstone to Sell AlliedBarton to Wendel

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 was looking to receive $1.5 billion in enterprise value for the company. Blackstone acquired AlliedBarton in 2008. AlliedBarton generated revenues…

Keystone Capital Adds-On to Rocore

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, power generation, and utility industries. The company’s customer base includes blue-chip customers in all of these industries.  In addition to…

Hellman & Friedman to Acquire Kadel’s Auto Body

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 ABRA Auto Body & Glass from Palladium Equity Partners in August 2014. Kadel’s is an auto-body service provider serving the…

News

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…

McKinsey: Value of IoT Exceeds Hype

McKinsey: Value of IoT Exceeds Hype

The Internet of Things – all those objects that are embedded with sensors and software and that have connectivity capability – will create changes in the very near future that will dramatically affect both consumer and businesses.  The term “Internet of Things” (IoT) was coined by British entrepreneur Kevin Ashton in 1999 and referred to…

Golub Continues Support of Aurora Portfolio Company

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 Systems (NTS) is a provider of environmental simulation testing, inspection, and certification services to the civil aviation, space, defense, nuclear,…

Tom Gordy Joins Angle 

Tom Gordy Joins Angle 

Angle Advisors announced yesterday that Tom Gordy has joined the firm as a Managing Director.  Mr. Gordy joins Angle Advisors with over 25 years of investment banking experience.  Throughout his career he has managed over $5 billion in transactions across the automotive, heavy truck, paper, general industrial, and consumer products sectors. “We are excited to…

Moelis Names New Managing Director, Closes Above Target Fund

Moelis Names New Managing Director, Closes Above Target Fund

Moelis & Company has named Tim Fitzsimmons as a Managing Director in the firm’s Private Funds Advisory business that provides capital raising, secondary and other advisory services to private fund sponsors and limited partners.  Mr. Fitzsimmons will officially join Moelis in August and he will be based in New York. Mr. Fitzsimmons joins Moelis with…

New Platform

Silver Lake to Acquire Cast & Crew

Silver Lake has signed an agreement to acquire Cast & Crew Entertainment Services, a provider of payroll and production accounting services to the entertainment industry, from ZM Capital (ZMC) and other investors.  Cast & Crew’s…

Marlin Equity Partners Acquires IBS

Marlin Equity Partners has acquired International Business Systems AB (IBS), a portfolio company of Symphony Technology Group since 2011 when Symphony took the company private. IBS is a provider of distribution resource management software used…

Vista Acquires Mediaocean

Vista Equity Partners has agreed to acquire a majority interest in Mediaocean, a provider of software used by the advertising industry.  Michael Donovan, the executive chairman of Mediaocean, will continue as a board member and…

Add-on

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…

KRG Acquires Core Label

Fort Dearborn Company, a diversified supplier of labels and a portfolio company of KRG Capital, has acquired Core Label, a supplier of roll-fed labels to the beverage market. Core Label supplies billions of labels each…

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

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)…

GE Antares Backs Riverside’s Buy of AWP

GE Antares was the administrative agent on a $124 million senior secured credit facility to support the acquisition of Area Wide Protective by The Riverside Company from Blue Point Capital Partners.  GE Capital Markets served…

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