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J.F. Lehman Buys Heavy Equipment Group of Oldenburg

J.F. Lehman Buys Heavy Equipment Group of Oldenburg

J.F. Lehman & Company has signed an agreement with Oldenburg Group to acquire its Heavy Equipment Group, including both its defense and mining business units. Upon closing, J.F. Lehman will rename the acquired groups Lake Shore Systems. Lake Shore Systems designs, engineers, manufactures and supports complex, heavy equipment systems used in harsh operating environments, including…

LFM Expands Eckhart Platform

LFM Expands Eckhart Platform

Eckhart, a portfolio company of LFM Capital, has acquired Auto Craft Tool & Die and 3 D Sales (together “Auto Craft”). This is the first add-on acquisition for Eckhart since being acquired by LFM in June 2015. Auto Craft is a provider of industrial material handling systems and tooling. The company’s products include door and…

Kinderhook Buys Tuffy

Kinderhook Buys Tuffy

Bestop, a portfolio company of Kinderhook Industries, has acquired Tuffy Security Products, a maker of storage products – such as steel consoles, drawers, glove boxes, and trunks – that are used in Jeeps, trucks, SUV’s and other commercial vehicles. “Tuffy has firmly established itself as a trail-blazer in the security products category and complements Bestop’s…

JLL and Water Street to Exit Bioclinica

JLL and Water Street to Exit Bioclinica

Water Street Healthcare Partners and JLL Partners have signed an agreement to sell Bioclinica to private equity firm Cinven. The transaction is expected to close in the fourth quarter of 2016. In March 2014, Bioclinica, a portfolio company of JLL Partners acquired in January 2013, merged with CCBR-SYNARC, a portfolio company of Water Street acquired…

Vista Acquires Granicus

Vista Acquires Granicus

Granicus, a provider of software used by government to increase efficiency and transparency, has signed an agreement to be acquired by Vista Equity Partners. Existing owner K1 Investment Management will retain a minority ownership in the company. The transaction is expected to close in the third quarter of this year. Granicus provides a cloud-based platform…

Pamlico Sells Physicians Endoscopy to Kelso

Pamlico Sells Physicians Endoscopy to Kelso

Pamlico Capital has sold its portfolio company Physicians Endoscopy to Kelso & Company. Guidon Partners is co-investing alongside Kelso & Company on this transaction. Physicians Endoscopy was acquired by Pamlico Capital from Silver Oak Services Partners in August 2013. Physicians Endoscopy (PE) is a developer and manager of freestanding, single-specialty endoscopic ambulatory surgery centers in partnership with practicing…

News

Will Sun Capital’s Partnership-in-Fact Ruling Change Your Fund?

Will Sun Capital’s Partnership-in-Fact Ruling Change Your Fund?

A court ruling that redefines withdrawal liability for multiemployer pension plans means private equity firms will be paying a lot more attention to how investing partnerships are formed. A March 2016 decision by the U.S. District Court in Massachusetts in Sun Capital Partners III, LP, et al v. New England Teamsters and Trucking Industry Pension…

Not So Quiet on the Western Front

Not So Quiet on the Western Front

Within the GF Data universe of middle-market deal sponsors, the slowdown in M&A activity has been neither as deep nor as prolonged as general industry reports would suggest, according to the deal tracking firm’s second-quarter report. After a quiet first quarter, completed deal volume perked up in 2Q.  The 205 private equity groups and other…

Pharos Staffs Up

Pharos Staffs Up

Pharos Capital Group has hired James Kerrigan and Kevin Ryan as new Senior Financial Analysts. Mr. Kerrigan will be based in Pharos’s Dallas office and Mr. Ryan will be based in Nashville. “We are excited to welcome Jim and Kevin, who are already fully engaged as we just closed on the purchase of telepsychiatry services…

J.W. Childs Builds Staff

J.W. Childs Builds Staff

Middle market investor J.W. Childs Associates has added three new professionals to its team with the hiring’s of Philippe Schenk as Managing Director, Kyle Casella as Vice President, and Jess Yuan as Associate. Mr. Schenk will lead investor relations activities for J.W. Childs. Mr. Casella and Ms. Yuan are responsible for due diligence and analysis…

Getting Your Cyber House In Order

Getting Your Cyber House In Order

The issue of cybersecurity, and the rising, fast-evolving threat of cyber-attacks, is high on the agenda for many private equity managers. The threat is relatively new, often poorly understood, and the consequences – financial, regulatory, and reputational – can be severe. Cybersecurity is the process of applying security measures to ensure the confidentiality, integrity, and…

Abacus Backs LLCP Buy

Abacus Backs LLCP Buy

Abacus Finance Group, a provider cash-flow senior financing for private equity-sponsored, lower-middle market companies, was the Administrative Agent and Sole Lead Arranger for a $20.5 million senior secured credit facility to support the May 2016 acquisition of Pacific Handy Cutter, a portfolio company of American Capital, by Levine Leichtman Capital Partners (LLCP). Pacific Handy Cutter…

Private Equity Conference September 29 & 30 Ann Arbor
New Platform

J.F. Lehman Buys Heavy Equipment Group of Oldenburg

J.F. Lehman & Company has signed an agreement with Oldenburg Group to acquire its Heavy Equipment Group, including both its defense and mining business units. Upon closing, J.F. Lehman will rename the acquired groups Lake…

Vista Acquires Granicus

Granicus, a provider of software used by government to increase efficiency and transparency, has signed an agreement to be acquired by Vista Equity Partners. Existing owner K1 Investment Management will retain a minority ownership in…

Weller Acquires KFI Seating

Weller Equity Partners has acquired KFI Seating, a manufacturer and distributor of moderately priced seating and table products used in the educational, hospitality, commercial, and government end markets. KFI Seating has approximately 750 SKUs and has a a…

Add-on

LFM Expands Eckhart Platform

Eckhart, a portfolio company of LFM Capital, has acquired Auto Craft Tool & Die and 3 D Sales (together “Auto Craft”). This is the first add-on acquisition for Eckhart since being acquired by LFM in…

Kinderhook Buys Tuffy

Bestop, a portfolio company of Kinderhook Industries, has acquired Tuffy Security Products, a maker of storage products – such as steel consoles, drawers, glove boxes, and trunks – that are used in Jeeps, trucks, SUV’s…

LaSalle Capital Acquires H. Fox & Co.

 Westminster Foods, a portfolio company of LaSalle Capital, has acquired syrup maker H. Fox & Co. This add-on acquisition expands Westminster’s existing sauce, syrup and condiment business. H. Fox & Co. is a manufacturer of…

Sun Capital Acquires Smart Grid Business from Tollgrade

Aclara Technologies, a portfolio company of Sun Capital Partners, has acquired the smart grid business of Tollgrade Communications. The transaction includes Tollgrade’s LightHouse Sensor Management System (SMS) monitoring platform which is used to detect, in…

Exit

JLL and Water Street to Exit Bioclinica

Water Street Healthcare Partners and JLL Partners have signed an agreement to sell Bioclinica to private equity firm Cinven. The transaction is expected to close in the fourth quarter of 2016. In March 2014, Bioclinica,…

Pamlico Sells Physicians Endoscopy to Kelso

Pamlico Capital has sold its portfolio company Physicians Endoscopy to Kelso & Company. Guidon Partners is co-investing alongside Kelso & Company on this transaction. Physicians Endoscopy was acquired by Pamlico Capital from Silver Oak Services Partners in…

Audax Exits Laborie Medical Technologies

Audax Private Equity has agreed to sell Laborie Medical Technologies to Patricia Industries, a wholly-owned subsidiary of Swedish conglomerate Investor AB. Laborie Medical Technologies is a developer, manufacturer and marketer of medical technology and consumables…

Golden Gate Sells Phillips-Medisize

Golden Gate Capital has agreed to sell its portfolio company Phillips-Medisize Corporation to Molex. Golden Gate acquired the company in June 2014 from Kohlberg & Company. Phillips-Medisize is an outsourced provider of design and manufacturing…

Financing

Abacus Backs LLCP Buy

Abacus Finance Group, a provider cash-flow senior financing for private equity-sponsored, lower-middle market companies, was the Administrative Agent and Sole Lead Arranger for a $20.5 million senior secured credit facility to support the May 2016…

Yukon Backs Sorenson’s Buy of Axiom

Yukon Partners was a co-investor alongside Sorenson Capital in the recent acquisition of Axiom Materials. Axiom Materials is a composite materials manufacturer with a specialization in “prepreg” materials – (prepreg is a term for “pre-impregnated”…

AB-PCI Growing and Enhances Midwest Coverage

AB-Private Credit Investors (AB-PCI) continues to experience strong growth with the recent additions of three vice presidents, nine associates, and a chief of staff, expanding the team to 34 professionals. AB-PCI is the middle market…

Abacus Backs Vicente’s  Portfolio Company

Abacus Finance Group was the Administrative Agent and Lead Arranger for a $23 million senior secured credit facility to support the recapitalization of Global LT, a portfolio company of Vicente Capital Partners. Global LT is…

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