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H-D Advanced Manufacturing Acquires Crown Precision

H-D Advanced Manufacturing Acquires Crown Precision

H-D Advanced Manufacturing Company has acquired Crown Precision Machining, a provider of high-precision machining services to manufacturers serving the commercial aerospace and defense industries. H-D was formed in December 2012 by a partnership among The Riverside Company, Hicks Equity Partners and Weinberg Capital Group to acquire and develop manufacturers of mission-critical, precision engineered components. H-D…

GenNx360 Acquires BBI Spreaders

GenNx360 Acquires BBI Spreaders

Salford Group, a portfolio company of GenNx360 Capital Partners, has acquired BBI Spreaders, a manufacturer of dry material applicators used in the agriculture, construction, and golf sectors. “This acquisition represents the latest step towards aggressively expanding Salford’s market presence through product and geographic expansion. We are very excited to support Salford in this acquisition and…

Apollo Acquires Peter Piper Pizza

Apollo Acquires Peter Piper Pizza

CEC Entertainment, the operator of 577 Chuck E. Cheese pizza restaurants and a portfolio company of Apollo Global Management, has acquired Peter Piper Pizza, a pizza and entertainment restaurant chain operating 32 company-owned locations and 115 franchises in the southwestern US and Mexico. Peter Piper Pizza was a portfolio company of ACON Investments. Peter Piper,…

Altamont Acquires into Legacy ER & Urgent Care

Altamont Acquires into Legacy ER & Urgent Care

Altamont Capital Partners and the Kingfish Group have made a majority equity investment in Legacy ER & Urgent Care, an operator of hybrid standalone emergency room and urgent care clinics. Legacy ER & Urgent Care currently operates two clinics in the Dallas metropolitan area which provide unscheduled medical treatment services that triages patients to receive…

Encore Consumer Capital Exits Isopure

Encore Consumer Capital Exits Isopure

Encore Consumer Capital has completed the sale of The Isopure Company, a marketer of sports nutrition products, to Glanbia for $153 million. Encore began marketing Isopure in July 2014. “Isopure’s founder Hal Katz decided to bring on a strategic and financial partner in 2007, and Encore was well positioned to help the company grow. We…

Riverside Acquires Spectrio

Riverside Acquires Spectrio

The Riverside Company has acquired a majority stake in Spectrio, a provider of on-hold messaging and digital signage managed services, from SJ Partners and other investors. Spectrio’s services range from on-hold messaging to overhead music and digital signage video displays. Spectrio utilizes these formats to create brand messaging for its clients and to maximize “marketing…

News

Dealmakers See Mid-Market Activity Increasing

Dealmakers See Mid-Market Activity Increasing

According to an annual survey conducted by the New York chapter of the Association for Corporate Growth, a majority of middle market deal making and corporate professionals believe that middle market transaction activity will increase, despite unsustainable valuations. The survey is based on responses from more than 200 ACG New York members who are leading…

Former CEO of GE Healthcare Joins CD&R

Former CEO of GE Healthcare Joins CD&R

John Dineen, the former CEO of GE Healthcare, has been appointed as an operating advisor to Clayton, Dubilier & Rice.  Beginning early next year, Mr. Dineen will work with CD&R on healthcare-related investments, from sourcing new transactions to advising portfolio company executives on management, operational and growth strategies. Mr. Dineen is a 28-year veteran of…

Direct, Co-Investments Drive Shifts in Private Equity

Direct, Co-Investments Drive Shifts in Private Equity

Recent research by Fitch Ratings shows that a growing interest by large limited partners to either co-invest or directly invest in corporate equity financings has led private equity firms to respond by facilitating investments in deals outside these managers’ primary funds. The trend reduces the overall average management and carry fee percentages paid by large…

Allstate Adds Staff, Remains Committed to Direct PE Investing

Allstate Adds Staff, Remains Committed to Direct PE Investing

The Allstate Corporation has expanded its senior investment team with the hiring of Russell Mayerfeld as a new senior managing director, reporting to Judith Greffin, chief investment officer. In another personnel move, Peter Keehn has been promoted to managing director, private equity investing, reporting to Mr. Mayerfeld. “We expect to capture additional higher-returning investment opportunities…

Monroe Helps Recap Trident University

Monroe Helps Recap Trident University

Monroe Capital acted as sole lead arranger and administrative agent on the funding of a $35 million senior credit facility to support the recapitalization of Trident University International, a portfolio company of Summit Partners since October 2007. Trident University International is an accredited online provider of post-secondary educational degree programs. The university was founded in…

American Capital Nets 16% IRR on Sale of Unwired

American Capital Nets 16% IRR on Sale of Unwired

American Capital has completed the sale of its portfolio company Unwired Holdings, the parent company of Unwired Technology, to Delphi Automotive. Unwired Technology is a designer and supplier of high-speed USB connectivity modules and wireless headphone systems for the global automotive industry. The company’s products provide power and data connectivity for portable media and smartphone…

New Platform

Altamont Acquires into Legacy ER & Urgent Care

Altamont Capital Partners and the Kingfish Group have made a majority equity investment in Legacy ER & Urgent Care, an operator of hybrid standalone emergency room and urgent care clinics. Legacy ER & Urgent Care…

Riverside Acquires Spectrio

The Riverside Company has acquired a majority stake in Spectrio, a provider of on-hold messaging and digital signage managed services, from SJ Partners and other investors. Spectrio’s services range from on-hold messaging to overhead music…

WCAS Sells TransFirst to Vista

Welsh, Carson, Anderson & Stowe (WCAS) has sold TransFirst Holdings to Vista Equity Partners for $1.5 billion.  WCAS acquired TransFirst from GTCR in June 2007. The transaction is expected to close later this year. “We…

Add-on

H-D Advanced Manufacturing Acquires Crown Precision

H-D Advanced Manufacturing Company has acquired Crown Precision Machining, a provider of high-precision machining services to manufacturers serving the commercial aerospace and defense industries. H-D was formed in December 2012 by a partnership among The…

GenNx360 Acquires BBI Spreaders

Salford Group, a portfolio company of GenNx360 Capital Partners, has acquired BBI Spreaders, a manufacturer of dry material applicators used in the agriculture, construction, and golf sectors. “This acquisition represents the latest step towards aggressively…

Apollo Acquires Peter Piper Pizza

CEC Entertainment, the operator of 577 Chuck E. Cheese pizza restaurants and a portfolio company of Apollo Global Management, has acquired Peter Piper Pizza, a pizza and entertainment restaurant chain operating 32 company-owned locations and…

Mason Wells Acquires Roselle Paper

Pacon Corporation, a portfolio company of Mason Wells, has acquired certain assets of Roselle Paper including the company’s equipment, inventory and trade names. Equity financing for the transaction was provided by Mason Wells and certain…

Exit

Encore Consumer Capital Exits Isopure

Encore Consumer Capital has completed the sale of The Isopure Company, a marketer of sports nutrition products, to Glanbia for $153 million. Encore began marketing Isopure in July 2014. “Isopure’s founder Hal Katz decided to…

American Capital Exits Avalon Laboratories

American Capital has sold its portfolio company Avalon Laboratories to Nordson Corporation for $180 million.  Over the life of its investment, American Capital realized a compounded annual rate of return of 19% on its equity…

Vista Completes Sale of SumTotal Systems

Vista Equity Partners has completed the sale of its portfolio company SumTotal Systems to Skillsoft Corporation, a subsidiary of Skillsoft Limited.  Vista completed a buyout and take-private of SumTotal in July 2009. SumTotal Systems is…

American Capital Sells Unwired Technology to Delphi

Delphi Automotive has entered into an agreement to acquire Unwired Technology, a supplier of media connectivity modules, from American Capital. American Capital first invested in Unwired Technology in May 2005. The transaction is expected to…

Financing

Direct, Co-Investments Drive Shifts in Private Equity

Recent research by Fitch Ratings shows that a growing interest by large limited partners to either co-invest or directly invest in corporate equity financings has led private equity firms to respond by facilitating investments in…

Allstate Adds Staff, Remains Committed to Direct PE Investing

The Allstate Corporation has expanded its senior investment team with the hiring of Russell Mayerfeld as a new senior managing director, reporting to Judith Greffin, chief investment officer. In another personnel move, Peter Keehn has…

Monroe Helps Recap Trident University

Monroe Capital acted as sole lead arranger and administrative agent on the funding of a $35 million senior credit facility to support the recapitalization of Trident University International, a portfolio company of Summit Partners since…

Golub Backs Sterling Buy of Results Physiotherapy

Golub Capital was the Joint Lead Arranger and Bookrunner of a senior credit facility to support the acquisition of Results Physiotherapy by Sterling Partners. “Golub Capital demonstrated its expertise in healthcare investing, playing a key…

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