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Sentinel Capital Partners Acquires Fazoli’s

Sentinel Capital Partners Acquires Fazoli’s

Sentinel Capital Partners has acquired Fazoli’s Group, an Italian fast casual franchisor and operator of Fazoli’s restaurants, from Sun Capital Partners. Fazoli’s is a Italian fast casual dining concept that offers moderately priced Italian pasta entrees, sandwiches, pizza and salads.  Fazoli’s has 213 franchised and company restaurants.  The company was founded in 1988 and is…

Altamont Invests in Douglas Products

Altamont Invests in Douglas Products

Altamont Capital Partners has provided equity capital to back Douglas Products’ purchase of the assets of the Vikane and ProFume gas fumigant business from Dow AgroSciences.  The owners of Douglas Products – CEO Bill Fuller and CFO and COO Wes Long – will retain significant equity stakes in the combined company. As part of the…

High Road Adds-On with Buy of Ariad

High Road Adds-On with Buy of Ariad

High Road Capital Partners has acquired Toronto-based Ariad Communications.  High Road will combine the operations of Ariad with its platform company Bluespire Marketing. Mike Beckerman, a 20-year marketing veteran and President of Ariad, will serve as CEO of the combined company. Ariad is a marketing agency specializing in serving Canadian clients with content, digital marketing…

Trive Acquires Architectural Granite & Marble

Trive Acquires Architectural Granite & Marble

Trive Capital has acquired Architectural Granite & Marble, an importer and distributor of natural and engineered stone that is used in residential and commercial construction. Customers of Architectural Granite & Marble (AG&M) include countertop fabricators, architects, interior designers, and commercial contractors.  AG&M was founded in 1992 and has five locations across the US.  The company…

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…

News

VRC Expands Boston Office with Seven Hires

VRC Expands Boston Office with Seven Hires

Valuation Research Corporation (VRC), seeking to expand its service offerings in New England and throughout the Northeast, has added Chris Mellen and his team from Delphi Valuation Advisors to its Boston office. “We’ve invested to significantly advance our services in Boston, and this team will serve clients nationally as well as globally through Valuation Research…

Pritzker Group Re-Hires Sean Gillis

Pritzker Group Re-Hires Sean Gillis

Pritzker Group Private Capital has re-hired former Senior Associate Sean Gillis as a vice president. Mr. Gillis spent three years as an associate and senior associate for Pritzker before leaving the firm last year to pursue his MBA at Northwestern University. Mr. Gillis is based in Chicago and is responsible for sourcing and closing investments…

Tailwind Closes Second Fund Above Target

Tailwind Closes 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…

New Platform

Sentinel Capital Partners Acquires Fazoli’s

Sentinel Capital Partners has acquired Fazoli’s Group, an Italian fast casual franchisor and operator of Fazoli’s restaurants, from Sun Capital Partners. Fazoli’s is a Italian fast casual dining concept that offers moderately priced Italian pasta…

Altamont Invests in Douglas Products

Altamont Capital Partners has provided equity capital to back Douglas Products’ purchase of the assets of the Vikane and ProFume gas fumigant business from Dow AgroSciences.  The owners of Douglas Products – CEO Bill Fuller…

Trive Acquires Architectural Granite & Marble

Trive Capital has acquired Architectural Granite & Marble, an importer and distributor of natural and engineered stone that is used in residential and commercial construction. Customers of Architectural Granite & Marble (AG&M) include countertop fabricators,…

Add-on

High Road Adds-On with Buy of Ariad

High Road Capital Partners has acquired Toronto-based Ariad Communications.  High Road will combine the operations of Ariad with its platform company Bluespire Marketing. Mike Beckerman, a 20-year marketing veteran and President of Ariad, will serve…

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,…

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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