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Wind Point Buys Advanced Distribution

Wind Point Buys Advanced Distribution

Dicom Transportation, a portfolio company of Wind Point Partners, has acquired Advanced Distribution. Advanced Distribution (AD), is an asset‐light provider of final mile delivery services in major metro areas throughout Arkansas, Illinois, Indiana, Iowa, Kentucky, Michigan, Ohio, Oklahoma, Tennessee, and Wisconsin. Customers of AD include medium‐sized businesses and Fortune 500 companies. Dicom Transportation, acquired by…

OMERS Sells Marketwired to Nasdaq

OMERS Sells Marketwired to Nasdaq

OMERS Private Equity has agreed to sell its portfolio company Marketwired LP to New York-based Nasdaq. The transaction is expected to close before the end of March. Marketwired, acquired by OMERS Private Equity (OPE) in 2006, is a news wire service used by investor relations and public relations professionals for news distribution and media management.…

Argosy Buys Nationwide Industries

Argosy Buys Nationwide Industries

Argosy Private Equity has acquired Nationwide Industries from publicly traded P&F Industries for approximately $22 million. Nationwide Industries is a manufacturer of gate and fence hardware; window and door components such as handles, hinges and locks; storm and screen door components such as cables and closure kits, and other OEM and custom parts. The company…

Spell Invests in Atlas Wire

Spell Invests in Atlas Wire

Spell Capital Partners has made an investment in Atlas Wire, a manufacturer of insulated wire. This is the first investment made by the firm’s latest fund, Spell Capital Partners Fund V, LP. Atlas Wire is a manufacturer of polyvinyl chloride (PVC), nylon, and cross-linked polyethylene insulated wire used in a variety of applications including in…

KarpReilly Acquires Zola

KarpReilly Acquires Zola

Zola Fruits of the World, a maker of good-for-you beverages and foods, has been acquired by private equity firm KarpReilly. Zola was founded in 2002 and its products today include Coconut Water, Coconut Water with Espresso and Coconut Water with Pulp. Zola also makes organic acai juices including Acai Original, Acai with Blueberry, Acai with…

J.W. Childs Acquires RevZilla

J.W. Childs Acquires RevZilla

J.W. Childs Associates has acquired RevZilla Motorsports. As part of the transaction, J.W. Childs has formed a new holding company to own RevZilla and the holding company will also own the equity of Cycle Gear, a provider of motorcycle apparel, parts and accessories, which was acquired by J.W. Childs in January 2015 from Harvest Partners.…

News

Neuberger Berman Closes Marquee Brands Above Target

Neuberger Berman Closes Marquee Brands Above Target

Neuberger Berman has closed a new fund – Marquee Brands Partners LP – at $462 million. The fund was oversubscribed and exceeded its $400 million target. Investors in the new fund include more than 20 institutions, including public and private pensions, insurance companies and foundations from North America, Europe, the Middle East and Japan. The…

L Catterton Closes Fund 3

L Catterton Closes Fund 3

L Catterton has closed its third North American growth fund, L Catterton Growth Partners III, LP (LCGP III), with $615 million of commitments. The fund was oversubscribed and received support primarily from existing investors but also added a number of new international investors. The closing of LCGP III follows the formation of Catterton’s January 2016…

Adveq Closes Two New Funds

Adveq Closes Two New Funds

Private equity asset manager Adveq has held a final close of two new funds – Adveq Specialized Investments at €323 million and Adveq Europe Co-Investments at €102 million. The combined €425 million in new capital – provided by institutional limited partners that included pension funds, insurance companies and family offices – will target private equity…

Strattam Adds Operating Partner

Strattam Adds Operating Partner

Strattam Capital, a private equity firm that specializes in business IT companies, has named Ray Villareal as an operating partner. He will be active in both portfolio management and the evaluation of new investment opportunities. Mr. Villareal is the first full-time operating partner at Strattam. Mr. Villareal has held senior level executive and advisor positions…

BDO – Private Equity Activity in Holding Pattern

BDO – Private Equity Activity in Holding Pattern

After private equity activity leveled off in 2015, industry leaders have moderated their expectations for the coming year, according to the seventh annual PErspective Private Equity Study by BDO USA. According to BDO, ninety-five percent of firms surveyed plan to close five deals or less within the coming year, a slightly higher projection than last…

Ex-PE Healthcare Operating Pro Joins Huron Consulting

Ex-PE Healthcare Operating Pro Joins Huron Consulting

Huron Consulting Group, a provider of business consulting services, has hired Michael Taylor as a new managing director in the company’s healthcare strategy practice. Mr. Taylor has more than 20 years of experience in the hospital, physician, payer, employer benefits and life sciences industries. He most recently served as a managing director at Accenture and…

New Platform

Argosy Buys Nationwide Industries

Argosy Private Equity has acquired Nationwide Industries from publicly traded P&F Industries for approximately $22 million. Nationwide Industries is a manufacturer of gate and fence hardware; window and door components such as handles, hinges and…

Spell Invests in Atlas Wire

Spell Capital Partners has made an investment in Atlas Wire, a manufacturer of insulated wire. This is the first investment made by the firm’s latest fund, Spell Capital Partners Fund V, LP. Atlas Wire is…

KarpReilly Acquires Zola

Zola Fruits of the World, a maker of good-for-you beverages and foods, has been acquired by private equity firm KarpReilly. Zola was founded in 2002 and its products today include Coconut Water, Coconut Water with…

Add-on

Wind Point Buys Advanced Distribution

Dicom Transportation, a portfolio company of Wind Point Partners, has acquired Advanced Distribution. Advanced Distribution (AD), is an asset‐light provider of final mile delivery services in major metro areas throughout Arkansas, Illinois, Indiana, Iowa, Kentucky,…

J.W. Childs Acquires RevZilla

J.W. Childs Associates has acquired RevZilla Motorsports. As part of the transaction, J.W. Childs has formed a new holding company to own RevZilla and the holding company will also own the equity of Cycle Gear,…

Leonard Green Adds-on to Mister Car Wash

Leonard Green continues to build its car wash platform with the recent buy of four Florida-based Bill’s Car Washes. The acquired stores are all located in the Orlando metropolitan area in the cities of Casselberry,…

Clearview Acquires PCC Technologies

GCR, a portfolio company of Clearview Capital, has acquired PCC Technologies, a software-as-a-service company. PCC provides state and local governmental agencies with software that is used for election management and administration, campaign finance, business registration…

Exit

OMERS Sells Marketwired to Nasdaq

OMERS Private Equity has agreed to sell its portfolio company Marketwired LP to New York-based Nasdaq. The transaction is expected to close before the end of March. Marketwired, acquired by OMERS Private Equity (OPE) in…

Bedford Capital Sells L.B. Maple Treat

Canadian middle-market private equity firm Bedford Capital has sold its portfolio company, L.B. Maple Treat, to Champlain Financial. According to Bedford Capital, L.B. Maple Treat (LBMT) is one of the largest bottlers of branded and…

Varsity Sells Forefront Dermatology to OMERS

Varsity Healthcare Partners has sold its majority interest in Forefront Dermatology to OMERS Private Equity. This sale represents the first realized exit for Varsity Healthcare Partners which was founded in October 2012 by David Alpern…

Insight Exits Flanders

Flanders Holdings, a portfolio company of Insight Equity since May 2012, has agreed to be acquired by American Air Filter Company, the US subsidiary of Osaka-based Daikin Industries, for $430 million. Last year, Flanders had…

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…