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North Castle to Sell Ignite to Newell Rubbermaid

North Castle to Sell Ignite to Newell Rubbermaid

North Castle Partners has entered into an agreement to sell Ignite USA, a developer and marketer of thermal mugs, to Newell Rubbermaid (NYSE: NWL) for a purchase price of $308 million.  North Castle invested in Ignite in March 2013.  The sale of Ignite USA represents its first sale of a portfolio company from North Castle’s…

Harbour Acquires Holman Boiler and Affiliated Power

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 and CEO of Harbour Group. “The sales, service, rental, design and fabrication they deliver leads the industry in their markets.…

Pamlico Invests in DayNine Consulting

Pamlico Invests in DayNine Consulting

Pamlico Capital has made an investment in DayNine Consulting, a provider of Cloud services used for human resources applications.  DayNine’s management and employees will retain majority ownership of the company and a representative of Pamlico will join the DayNine Board of Directors. DayNine Consulting is a Workday (NYSE: WDAY) services partner.  DayNine deploys and optimizes…

Avante Mezzanine Invests in Therapeutic Research Center

Avante Mezzanine Invests in Therapeutic Research Center

Avante Mezzanine Partners has provided subordinated debt and an equity co-investment to Therapeutic Research Center, a portfolio company of Francisco Partners acquired in August 2012. Therapeutic Research Center (TRC) is a research, analytic, and information services company that provides evidence-based drug therapy recommendations for physicians, pharmacists, pharmacy technicians, and other healthcare professionals. The company also…

Riverside Partners Invests in Loftware

Riverside Partners Invests in Loftware

Partners has completed its investment in Loftware, a provider of labeling services.  Over the past few years, Loftware has logged accelerated global market penetration, record sales and profitability. Loftware is a labeling services provider that works with over 5,000 customers, across 25 major industries to meet their customer-specific, geographical and regulatory labeling requirements. The company’s…

Littlejohn & Co. Acquires Northwest Hardwoods

Littlejohn & Co. Acquires Northwest Hardwoods

Littlejohn & Co. has acquired Northwest Hardwoods, a manufacturer and distributor of North American hardwood lumber, from American Industrial Partners (AIP). Northwest Hardwoods (NWH) serves the repair and remodel, residential construction, industrial, and export markets.  The company converts hardwood logs into rough cut and kiln dried lumber, and then planes and sorts the lumber boards…

News

Consonance Capital Partners Closes On $500 Million Healthcare Fund

Consonance Capital Partners Closes On $500 Million Healthcare Fund

Consonance Capital Partners (CCP), the private equity arm of Consonance Capital, has held a final closing of a new $500 million healthcare private equity fund. The fund was oversubscribed, surpassing its $350 million target and reached its hard cap of $500 million. “We are pleased to announce the final closing of our first private equity…

Advisory Firm SierraConstellation Adds New Senior Director

Advisory Firm SierraConstellation Adds New Senior Director

SierraConstellation Partners (SCP), an interim management and advisory firm to middle-market companies, has added Jeff Nerland to its team as a new senior director.  Mr. Nerland is based in Los Angeles and reports to Lawrence Perkins, founder and CEO, and Winston Mar, managing director. “I have known Jeff for many years and am confident that…

Cotton Creek Hires New Associate

Cotton Creek Hires New Associate

Cotton Creek Capital has added Alan Goldstein to its investment team as an Associate in the firm’s Austin office. Previously, Mr. Goldstein was an investment banking analyst at Jefferies Group in New York where he specialized in mergers and acquisitions. At Jefferies, Mr. Goldstein advised clients ranging from small to large capital companies and financial…

Private Equity Distributions Hit an All-Time High in 2013

Private Equity Distributions Hit an All-Time High in 2013

During a 2013 in which low interest rates pushed many investors into equities, the public equity markets saw stellar returns, beating out the performance of investments in US private equity and venture capital for the year. But these alternative assets also fared well, with US private equity and venture capital funds having their best annual…

Yukon Backs Latest Buy of Revelstoke

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 are once again excited to be partnering with the Revelstoke team.  Their hands-on approach and experience within the healthcare industry…

Lariat Partners Closes First Fund at $118 Million

Lariat Partners Closes First Fund at $118 Million

Lariat Partners has held a final closing of Lariat Partners Fund I, LP at $118 million.  Lariat invests in lower middle market companies that have EBITDA of $2 million to $20 million. The firm expects Fund I to have five platform investments instead of, according to Lariat, the typical 10-12 platforms. “First time funds are…

New Platform

Pamlico Invests in DayNine Consulting

Pamlico Capital has made an investment in DayNine Consulting, a provider of Cloud services used for human resources applications.  DayNine’s management and employees will retain majority ownership of the company and a representative of Pamlico…

Avante Mezzanine Invests in Therapeutic Research Center

Avante Mezzanine Partners has provided subordinated debt and an equity co-investment to Therapeutic Research Center, a portfolio company of Francisco Partners acquired in August 2012. Therapeutic Research Center (TRC) is a research, analytic, and information…

Riverside Partners Invests in Loftware

Partners has completed its investment in Loftware, a provider of labeling services.  Over the past few years, Loftware has logged accelerated global market penetration, record sales and profitability. Loftware is a labeling services provider that…

Add-on

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.…

Riverside Acquires Dean Alert

The Riverside Company has acquired PearServe (DBA DEAN Alert) as the fifth add-on to its Emergency Communications Network (ECN) platform. DEAN Alert provides time-sensitive warnings, information about natural disasters, and other vital information to citizens,…

Baird Capital Acquires Avid Design

Myelin Health, a platform company of Baird Capital, has acquired Avid Design, a provider of online marketing services to healthcare related companies.  The acquisition closed on June 30, 2014. Avid Design provides online marketing, communication,…

Exit

North Castle to Sell Ignite to Newell Rubbermaid

North Castle Partners has entered into an agreement to sell Ignite USA, a developer and marketer of thermal mugs, to Newell Rubbermaid (NYSE: NWL) for a purchase price of $308 million.  North Castle invested in…

Genstar Completes Sale of Evolution1 To WEX

Genstar Capital has completed the previously announced sale of Evolution1, a provider of health payments and technology, to WEX Inc. (NYSE: WEX) for $532.5 million. Evolution1 provides healthcare software and payment solutions that administer and…

RLJ Equity Partners Exits Media Source

RLJ Equity Partners, an affiliate of The RLJ Companies, has completed the sale of its portfolio company Media Source.  RLJ Equity Partners acquired Media Source from the Riverside Company in 2011. Media Source (MSI) is a…

Saw Mill Capital Exits Jason

Saw Mill Capital has sold its portfolio company Jason Incorporated to Quinpario Acquisition Corp. which later changed its name to Jason Industries (NASDAQ: JASN).  Prior to the sale, Jason was owned by a group of…

Financing

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…

Monroe Capital Backs Caltius Portfolio Company

Monroe Capital has provided a $14 million senior secured credit facility to support the recapitalization of Starpoint Health, a portfolio company of Caltius Equity Partners. Starpoint is an ambulatory surgery center operator, managing a number…

American Capital Obtains $750 Million Secured Credit Facility

American Capital announced today the closing of a $750 million senior secured revolving credit facility, provided by Bank of America.  The facility, which matures in June 2016, bears interest at a rate of LIBOR plus…

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