Audax Group Acquires Chesapeake IRB
Audax Group has acquired Chesapeake Research Review, a provider of independent review board services to assure the protection and welfare of human subjects in clinical trials. Chesapeake Research Review is a provider of institutional review board (IRB) services to pharmaceutical, biotech and medical device companies, universities, academic medical centers, and hospital systems. Chesapeake performs independent…
Blue Wolf and Atlas Acquire Twin Rivers Paper
Blue Wolf Capital Partners and Atlas Holdings have reached an agreement to acquire a controlling interest in Twin Rivers Paper Company, a portfolio company of Brookfield Asset Management. Twin Rivers is a specialty paper company that manufactures packaging, label and publishing products, with mill operations in Madawaska, ME and Edmundston, New Brunswick. Twin Rivers also…
Peak Rock Capital Acquires Atlas Paper Mills
Peak Rock Capital has acquired Atlas Paper Mills, a manufacturer of tissue paper products using recycled fiber. “Atlas has a strong competitive position as a supplier of ‘green’ tissue products with long-standing customer relationships,” said Peter Leibman, Managing Director of Peak Rock Capital. “We believe Atlas is an excellent platform for expansion through organic growth…
Graycliff Partners Exits Information Storage
Graycliff Partners has sold its portfolio company, Information Storage Consolidation Company, to Iron Mountain. Information Storage Consolidation Company (“ISCC”) is a provider of outsourced document services, including physical storage, storage services, destruction and imaging to customers in the healthcare, business services, financial and legal sectors. The company has three operating divisions: Safe Records Center (Lansing,…
KPS Capital Partners Forms Expera Specialty Solutions
KPS Capital Partners has formed a new company, Expera Specialty Solutions, to complete the previously announced acquisitions of Wausau Specialty Paper from Wausau Paper, and the specialty paper business (“Thilmany Papers”) of Packaging Dynamics Corporation, a portfolio company of Kohlberg & Company. Closing of these acquisitions are expected to occur simultaneously during the second or…
Vista Equity Partners Acquires Websense
Websense has entered into an agreement to be acquired by Vista Equity Partners in a transaction valued at approximately $1 billion. J.P. Morgan Securities, RBC Capital Markets and Guggenheim Partners have agreed to provide debt financing in connection with the transaction. Websense (NASDAQ: WBSN) specializes in computer security software which is used by customers including…
Stellus Receives SBA “Green Light” Letter
Stellus Capital Investment Corporation has received its “green light” letter from the U.S. Small Business Administration which allows the firm to continue its application process to obtain a license to form and operate a Small Business Investment Company subsidiary. If approved, the license would permit the company to issue SBA-guaranteed debentures. Stellus Capital Investment Corporation…
Signal Hill Adds Office, Hires New Vice President
Signal Hill Equity Partners has opened an office in Calgary, Alberta. Stephen Hughes has been hired by Signal Hill as a Vice President to oversee the new office. “Expanding our presence with a dedicated office in Alberta is an important milestone in our strategic plan,” said James Johnson, Managing Partner of Signal Hill. Mr. Hughes…
Cotton Creek Hires New Associate
Cotton Creek Capital has hired Clayton Milburn as an Associate in the firm’s Austin office. Before joining Cotton Creek, Mr. Milburn was an Associate in the Leveraged Finance Group at ORIX Corporate Capital. At ORIX he was responsible for underwriting and executing middle market debt and equity investments in support of growth financings, recapitalizations, leveraged…
Oppenheimer Staffs Up Investment Bank Team
Oppenheimer & Co. has added two new members to its investment banking team with the hires of David Brown and Robert Cramer. Both Mr. Brown and Mr. Cramer will report to Bruce McCarthy and Marc Thompson, Managing Directors and Co-Heads of Investment Banking. “We are pleased to recruit such high quality professionals to our firm.…
Centerfield Closes Third Fund Above Target
Centerfield Capital Partners has held a final closing of its third fund, Centerfield Capital Partners III, with total commitments of approximately $171 million. Commitments to the new fund exceeded Centerfield’s $150 million target. “Our firm provides capital to businesses generating $15 million to $100 million in revenue. Our goal is to invest approximately two-thirds of…
Private Equity Activity Plummets in First Quarter
GF Data’s first quarter analysis confirms what private equity buyers and financial professionals have sensed since the beginning of the year – that the explosion in transaction activity heading into the end of 2012 carried no momentum into 2013. The 183 private equity firms that are active contributors to GF Data reported 92 transactions closed…
