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Arlington Buys iRobot Defense and Security Business

Arlington Buys iRobot Defense and Security Business

Arlington PagesCapital Partners has entered into an agreement to acquire the Defense & Security business of publicly-traded iRobot Corporation. The transaction, which is expected to close in the next few months, is valued at up to $45 million. Arlington Capital will operate the business under a yet to be named newly created company. Upon closing,…

AUA Acquires Raymundos Food Group

AUA Acquires Raymundos Food Group

AUA Private Equity Partners has acquired Raymundos Food Group, a manufacturer and marketer of refrigerated snacks and desserts. Raymundos’ portfolio of gelatins, flans, puddings and other ready-to-eat products are distributed through mass retailers, conventional grocery retailers, as well as through independent and local Hispanic retailers.  According to the company, its flan products (an open pastry…

Bertram Acquires Bur-Lane

Bertram Acquires Bur-Lane

Rowmark, a portfolio company of Bertram Capital, has completed the add-on acquisition of Bur-Lane, a distributor of engraving plastic. Rowmark was acquired by Bertram in October 2013 and is the firm’s third platform investment in the plastics industry. Bur-Lane is a national distributor of engraving plastic and identification accessories and supplies. The company has warehouses…

Silver Oak Sells NDC to Court Square

Silver Oak Sells NDC to Court Square

Silver Oak Services Partners has completed the sale of NDC, a healthcare products distributor it purchased in February 2010, to Court Square Capital Partners. NDC is a distributor of branded and private label medical supplies to the healthcare industry. NDC operates as a master distributor, purchasing medical supplies directly from manufacturers and providing a broad…

Liberty Hall Acquires AIM Aerospace

Liberty Hall Acquires AIM Aerospace

Liberty Hall Capital Partners, a specialist investor in the aerospace and defense industries, has acquired AIM Aerospace, a supplier of composite parts used in the commercial aerospace industry, for $200 million. Co-investing on this transaction with Liberty Hall are BlackRock Private Equity Partners and Northwestern Mutual Capital. AIM Aerospace is a Tier II supplier of…

H.I.G.’s Ship Supply Buys Alliance Supply

H.I.G.’s Ship Supply Buys Alliance Supply

H.I.G. Capital’s portfolio company Ship Supply International has acquired Alliance Supply Management, a provider of port logistics services. Alliance Supply Management provides last-mile delivery of deck & engine maintenance products and perishable goods to commercial vessels throughout the Gulf Coast. Products and services include food service & bonded items; general marine supplies; safety & firefighting…

News

Abacus Moves Quickly, Backs Gores Buy of VITAC

Abacus Moves Quickly, Backs Gores Buy of VITAC

Abacus Finance Group was the Administrative Agent and Sole Lead Arranger for $18 million in senior secured credit facilities to support the carve-out of VITAC Corporation, a provider of captioning services to the live and prerecorded television programming and entertainment industries, by The Gores Group. VITAC was a subsidiary of Merrill Corporation. “The transaction was…

Specialty Chemical Pro Joins Dominus

Specialty Chemical Pro Joins Dominus

Dominus Capital has added Kent Farmer to the firm as an Operating Advisor. This addition follows last month’s close by Dominus of its second fund, Dominus Capital Partners II, LP, at its hard cap of $400 million in limited partner capital commitments. Mr. Farmer will work with Dominus in the specialty chemical, distribution, and packaging…

D.A. Davidson adds Cleveland to Seattle

D.A. Davidson adds Cleveland to Seattle

Investment bank D.A. Davidson & Co. has hired Jeff Cleveland as a managing director in its consumer and retail practice. Mr. Cleveland will be based in the firm’s Seattle office. “Jeff’s tremendous track record and strong relationships in the food and beverage, and consumer space make him a terrific addition to our team,” said Monte…

Chubb Launches New PE Practice

Chubb Launches New PE Practice

Insurance giant Chubb has created a new private equity practice to provide specialized insurance products and services to both US and Canadian private equity firms and their portfolio companies. The practice will combine both specific underwriting expertise and insurance product capabilities including primary and excess casualty, foreign casualty, property and specialty, environmental, professional liability, management…

BB&T Capital Markets Promotes Two

BB&T Capital Markets Promotes Two

BB&T Capital Markets has promoted Bruce Kelleher to head of equity investment banking and Jake Savage to head of the firm’s newly formed capital markets advisory group. Both will report to John Jung Jr., head of BB&T Capital Markets. Mr. Kelleher, who has 23 years of investment banking experience, will lead BB&T Capital Markets’ middle…

Brentwood Recaps Well-Performing Soft Surroundings

Brentwood Recaps Well-Performing Soft Surroundings

Consumer focused Brentwood Associates has completed a dividend recapitalization of Soft Surroundings. The dividend recap was financed through an expansion of the company’s existing credit facility and Soft Surroundings also increased its debt capacity to finance its national retail store rollout. Brentwood first invested in Soft Surroundings in August 2012. Soft Surroundings is a multi-channel…

New Platform

Arlington Buys iRobot Defense and Security Business

Arlington PagesCapital Partners has entered into an agreement to acquire the Defense & Security business of publicly-traded iRobot Corporation. The transaction, which is expected to close in the next few months, is valued at up…

AUA Acquires Raymundos Food Group

AUA Private Equity Partners has acquired Raymundos Food Group, a manufacturer and marketer of refrigerated snacks and desserts. Raymundos’ portfolio of gelatins, flans, puddings and other ready-to-eat products are distributed through mass retailers, conventional grocery…

Liberty Hall Acquires AIM Aerospace

Liberty Hall Capital Partners, a specialist investor in the aerospace and defense industries, has acquired AIM Aerospace, a supplier of composite parts used in the commercial aerospace industry, for $200 million. Co-investing on this transaction…

Add-on

Bertram Acquires Bur-Lane

Rowmark, a portfolio company of Bertram Capital, has completed the add-on acquisition of Bur-Lane, a distributor of engraving plastic. Rowmark was acquired by Bertram in October 2013 and is the firm’s third platform investment in…

H.I.G.’s Ship Supply Buys Alliance Supply

H.I.G. Capital’s portfolio company Ship Supply International has acquired Alliance Supply Management, a provider of port logistics services. Alliance Supply Management provides last-mile delivery of deck & engine maintenance products and perishable goods to commercial…

Linden Acquires Another Institutional Review Board

Chesapeake IRB, a clinical research institutional review board and a portfolio company of Linden Capital Partners, has acquired Compass IRB, an institutional review board based in Mesa, AZ. Linden acquired Chesapeake IRB last month from…

TPG Growth Acquires Continental Anesthesia

NorthStar Anesthesia, a portfolio company of TPG Growth, has acquired Continental Anesthesia, one of the largest multi-system anesthesia providers in the Chicago area with 17 facilities. NorthStar Anesthesia was acquired by TPG in October 2013…

Exit

Silver Oak Sells NDC to Court Square

Silver Oak Services Partners has completed the sale of NDC, a healthcare products distributor it purchased in February 2010, to Court Square Capital Partners. NDC is a distributor of branded and private label medical supplies…

Wingate Sells Preferred Compounding to Audax

Wingate Partners has sold its portfolio company Preferred Compounding to Audax Private Equity. Wingate partnered with the management team of the company to acquire the business in December 2010. Preferred Compounding is a developer and…

10X Return for Edison on Exit 

Edison Partners has sold Premier Healthcare Exchange (PHX), a provider of healthcare cost management and electronic payments services, to Stratose, a portfolio company of Parthenon Capital Partners. The exit generated more than a 10X return…

Investcorp Sells Veritext to Pamplona

Investcorp has sold its portfolio company VText Holdings (Veritext) to private equity firm Pamplona Capital Management. Investcorp acquired Veritext in July 2010 from The Riverside Company which in turn had acquired the business in August…

Financing

Abacus Moves Quickly, Backs Gores Buy of VITAC

Abacus Finance Group was the Administrative Agent and Sole Lead Arranger for $18 million in senior secured credit facilities to support the carve-out of VITAC Corporation, a provider of captioning services to the live and…

Twin Brook Adds New Healthcare Pro

Twin Brook Capital Partners – the middle market direct lending subsidiary of Angelo, Gordon & Co. – has hired Faraaz Kamran, a former Managing Director and Group Head of Healthcare Leveraged Finance at Madison Capital…

Abacus Backs WestView Investment in ALKU

Abacus Finance Group was the Administrative Agent and Joint Lead Arranger for the senior secured credit facilities used to support the recapitalization of ALKU by WestView Capital Partners in December 2015. “Selecting Abacus for this…

Babson Backs Bakery Buy

Babson Capital Management was the agent on a senior secured credit facility to support Gryphon Investors’ majority investment in The Original Cakerie. The Original Cakerie is a manufacturer of frozen desserts sold into the North…