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Pine Tree Invests in Smile Design

Pine Tree Invests in Smile Design

Pine Tree Equity, through its third investment fund, has made an investment in Smile Design Dentistry. Pine Tree’s minority investment was made in partnership with the founders of Smile Design who remain as majority owners and will continue to operate the business. Smile Design Dentistry provides dental care services across 14 Smile Design branded offices…

Sentinel Acquires Total Military Management

Sentinel Acquires Total Military Management

Sentinel Capital Partners has acquired Total Military Management, a technology-enabled, asset-light provider of relocation services to US military and government personnel. The investment was made in partnership with TMM’s founders. Total Military Management (TMM) serves the $2.5 billion US military moving and storage industry, which is comprised of approximately 300,000 annual relocations of the 1.3…

Harvest Sells Driven Brands to Roark

Harvest Sells Driven Brands to Roark

Driven Brands, a portfolio company of Harvest Partners, has been sold to Roark Capital Group.  Harvest Partners acquired Driven Brands in December 2011. Driven Brands is a leading franchisor in the automotive aftermarket services industry. Driven’s service brands include Meineke Car Care Centers (Meineke) and Maaco Collision Repair and Auto Painting (Maaco).  The company has…

Metalmark Acquires Kissner Milling

Metalmark Acquires Kissner Milling

Kissner Milling Company Limited, a portfolio company of TorQuest Partners and a producer and distributor of bulk rock salt, has agreed to be acquired by Metalmark Capital and a consortium of other investors.  The transaction is expected to close on May 15, 2015. Under the terms of the purchase and sale agreement, existing owners TorQuest…

Fulcrum Carves Out Innovative Steam Technologies

Fulcrum Carves Out Innovative Steam Technologies

Fulcrum Capital Partners has partnered with the management of Innovative Steam Technologies to complete a carve-out of the company from Aecon Group. Innovative Steam Technologies (IST) designs, engineers, manufactures and installs heat recovery steam generators that are used in power generation and oil recovery applications.  IST’s customers include multi-nationals; power utilities; independent power producers; oil…

Tricor Pacific Acquires Certified Recycling

Tricor Pacific Acquires Certified Recycling

Tricor Pacific Capital has acquired Certified Recycling, a provider of recycling and waste services based in Southern California.  Tricor’s investment in Certified Recycling was made out of Tricor Pacific Capital Fund V, a C$345 million fund which closed in June 2014. “The investment from Tricor presents our family’s business with extraordinary opportunities, including the capital…

News

Riley Jumps into Senior Debt

Riley Jumps into Senior Debt

B. Riley Financial has formed Great American Capital Partners, LLC (GACP) in partnership with Corporate Capital Trust, a business development company advised by CNL Financial Advisors Company, and KKR Credit Advisors. GACP will provide asset-based debt to lower middle market companies and will be led by John Ahn, President, and Stuart Armstrong, Chief Investment Officer.…

Ares Acquires Portfolio of First Capital, Management Team Joins Ares

Ares Acquires Portfolio of First Capital, Management Team Joins Ares

Ares Management has signed an agreement to acquire the asset-based lending portfolio of First Capital Holdings, a commercial finance company and a portfolio company of H.I.G Capital that provides asset-based loans and factoring to small and middle-market companies.  This transaction is expected to close during the second quarter and will be funded by Ares with…

Thoma Bravo Closes Special Ops Fund at Cap

Thoma Bravo Closes Special Ops Fund at Cap

Thoma Bravo has completed fundraising for Thoma Bravo Special Opportunities Fund II at $1.06 billion. The fund closed at it hard cap and was oversubscribed.  The new fund will invest side-by-side with Thoma Bravo Fund XI, a $3.7 billion fund that closed in May 2014. “We are very appreciative of the investor support for this…

KKR Closes $1.3 Billion Direct Lending Fund

KKR Closes $1.3 Billion Direct Lending Fund

KKR Credit has held a final close of KKR Lending Partners II LP (Fund II), a $1.3 billion fund focused primarily on privately-originated senior loans.  The new fund is the successor fund to KKR Lending Partners I LP which exited its investment period in December 2014.  Fund II, which KKR began fundraising in early 2014,…

NXT Backs Gridiron Buy of Dent Wizard

NXT Backs Gridiron Buy of Dent Wizard

NXT Capital has provided a senior secured credit facility to support Gridiron Capital’s recent acquisition of Dent Wizard from H.I.G. Capital.  NXT was the Joint Lead Arranger, Administrative Agent and Sole Bookrunner for the transaction. Dent Wizard offers a range of reconditioning services for vehicles, such as removing dents, dings, creases and hail damage from…

Norwest Raises $2.4 Billion in New Equity and Mezzanine

Norwest Raises $2.4 Billion in New Equity and Mezzanine

Norwest Equity Partners (NEP) has formed Norwest Equity Partners X, LP (NEP X), a new $1.6 billion fund and Norwest Mezzanine Partners IV, LP (NMP IV), a new $800 million fund formed by NEP’s affiliated mezzanine investment firm, Norwest Mezzanine Partners (NMP). “It would be an understatement to say that this is an exciting time…

New Platform

Pine Tree Invests in Smile Design

Pine Tree Equity, through its third investment fund, has made an investment in Smile Design Dentistry. Pine Tree’s minority investment was made in partnership with the founders of Smile Design who remain as majority owners…

Sentinel Acquires Total Military Management

Sentinel Capital Partners has acquired Total Military Management, a technology-enabled, asset-light provider of relocation services to US military and government personnel. The investment was made in partnership with TMM’s founders. Total Military Management (TMM) serves…

Metalmark Acquires Kissner Milling

Kissner Milling Company Limited, a portfolio company of TorQuest Partners and a producer and distributor of bulk rock salt, has agreed to be acquired by Metalmark Capital and a consortium of other investors.  The transaction…

Add-on

Azalea and Argosy Add-on to Ranger Aerospace

Azalea Capital and Argosy Private Equity and have added on to their Ranger AeroSystems platform with an investment in InTech Aerospace. InTech services and refurbishes heavy wear aircraft interior components such as seating, floor panels,…

Riverside Acquires Message On Hold Plus

Riverside is continuing the build of its Spectrio on-hold marketing messaging platform with the buy of Message On Hold Plus (MOHPlus). MOHPlus provides on-hold messaging at approximately 1,500 locations and it provides additional services including…

Audax Acquires Medical Measurement Systems

LABORIE Medical Technologies, a portfolio company of The Audax Group, has acquired Medical Measurement Systems a developer and distributor of medical diagnostic systems. “This is a very strategic acquisition for LABORIE,” said Brian Ellacott, LABORIE…

Brazos Continues the Build of BlackHawk

BlackHawk Industrial Distribution, a portfolio company of Brazos Private Equity Partners, has completed the acquisitions of Packaging, Inc. and Pioneer Tool Supply, the 11th and 12th add-on acquisitions completed by BlackHawk since its formation by…

Exit

Harvest Sells Driven Brands to Roark

Driven Brands, a portfolio company of Harvest Partners, has been sold to Roark Capital Group.  Harvest Partners acquired Driven Brands in December 2011. Driven Brands is a leading franchisor in the automotive aftermarket services industry.…

Windjammer Exits Protective Industries

Windjammer Capital Investors has sold its portfolio company Protective Industries to Berwind Consolidated Holdings, a family-owned investment management company.  Windjammer acquired Protective Industries through its third fund in May 2011. Protective Industries (DBA Caplugs) is…

H.I.G. Sells Dent Wizard to Gridiron Capital

H.I.G. Capital has completed the sale of Dent Wizard International to Gridiron Capital.  In November 2010, H.I.G. acquired Dent Wizard through a carve-out from Manheim Auctions, a wholly owned subsidiary of Cox Enterprises, and recruited…

Triton Pacific Exits Columbia Medical

Columbia Medical Manufacturing, a portfolio company of Triton Pacific Capital Partners that develops and markets pediatric rehabilitation products, has been acquired by medical equipment manufacturer Drive Medical. This was a successful investment for Triton Pacific. …

Financing

Riley Jumps into Senior Debt

B. Riley Financial has formed Great American Capital Partners, LLC (GACP) in partnership with Corporate Capital Trust, a business development company advised by CNL Financial Advisors Company, and KKR Credit Advisors. GACP will provide asset-based…

Ares Acquires Portfolio of First Capital, Management Team Joins Ares

Ares Management has signed an agreement to acquire the asset-based lending portfolio of First Capital Holdings, a commercial finance company and a portfolio company of H.I.G Capital that provides asset-based loans and factoring to small…

NXT Backs Gridiron Buy of Dent Wizard

NXT Capital has provided a senior secured credit facility to support Gridiron Capital’s recent acquisition of Dent Wizard from H.I.G. Capital.  NXT was the Joint Lead Arranger, Administrative Agent and Sole Bookrunner for the transaction.…

Abacus Backs Riverside’s Buy of R&D Altanova

Abacus Finance was the Administrative Agent and Joint Lead Arranger for a group of senior secured credit facilities used to support the recent investment in R&D Altanova by Riverside Partners.  Abacus also made an equity…

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