The Beekman Group Acquires NorthStar Alarm Services
The Beekman Group has acquired NorthStar Alarm Services, a residential security alarm provider. Beekman partnered with NorthStar’s founder, Jason Christensen, and the current management team, who will continue to lead the company and maintain a significant ownership interest. “I am extremely excited to partner with The Beekman Group to pursue the next phase of growth…
Glencoe Capital Acquires South Shore Venture Enterprises
Budco, a marketing services provider and a portfolio company of Glencoe Capital, has acquired South Shore Venture Enterprises, a Medicare direct marketing company. South Shore specializes in direct marketing to senior citizens and represents 38 Medicare Advantage and Medicare Supplement plans. South Shore provides direct mail, customer care, data analysis and modeling and incentives. The…
Svoboda Acquires R.J. Vedovell
Monroe Engineering, a portfolio company of Svoboda Capital Partners, has acquired R.J. Vedovell, a supplier of O-rings and gaskets. This transaction is the second add-on acquisition for Monroe since being acquired by Svoboda in May 2011. R.J. Vedovell is a supplier of O-rings, gaskets, seals and molded rubber. The company sells its products to a…
Trivest Acquires American Covers
Trivest Partners has acquired American Covers (dba HandStands), a designer and supplier of automotive air freshener products. The existing HandStands shareholders have retained a significant equity interest in the company. The acquisition of HandStands represents the 1st platform company investment for Trivest Fund V, a $415 million fund which closed in October 2012. Chris Anderson,…
Fulcrum Invests in Tradesmen
Fulcrum Capital Partners has made a C$20 million equity investment in Tradesmen Enterprises, a facility and pipeline construction contractor. Tradesmen is the sixth investment for Fulcrum’s fourth investment fund. Tradesmen Enterprises is a facility and pipeline construction contractor with a particular focus on modular fabrication. The company has completed over 300 projects throughout Northern Alberta…
Altus Acquires Rocla Concrete Tie
Altus Capital Partners has acquired, in partnership with the company’s senior management team, Rocla Concrete Tie, a manufacturer of pre-stressed concrete railroad ties. “Altus is pleased to partner with the Rocla management team in acquiring the leading producer of concrete railroad ties in the United States. We recognize and value management’s depth of capabilities, which…
Luxury Goods Continues Annual Growth
According to Bain & Company revenues for the worldwide luxury goods market will grow as much as 50 percent faster than global GDP, with an expectation of four to five percent growth in 2013 and five to six percent annual average growth through 2015, on track to break the €250 billion sales threshold by mid-decade.…
Spire has First Close for Fund 3
Spire Capital Partners has held a closing of its third investment fund, Spire Capital Partners III, L.P, at $100 million. The target for the new fund is $375 million. Spire Capital’s earlier fund, Spire Capital Partners II, L.P, had $320 million of capital commitments and was raised in 2008. With this first close, Spire is…
Portfolio Company Hold Periods Expanding
According to Preqin, a provider of alternative assets industry data, the 2007 financial crisis has caused the holding period for private equity portfolio companies to expand significantly as funds are struggling to sell investments that were purchased at peak prices during the buyout boom. The average holding period for private equity-backed portfolio companies sold in…
Denham Capital Selects iLevel
Denham Capital, a private equity firm with over $7 billion in invested and committed funds, has selected iLevel Solutions to monitor the performance of its investment portfolio. Private equity fund managers use iLevel to automate data collection, fast-track portfolio company valuation, accelerate internal and investor reporting and facilitate performance measurement. “With iLevel, we have complete…
H.I.G. Holds Final Closing of H.I.G. Bayside’s Third Fund
H.I.G. Capital has held a final closing of H.I.G. Bayside Loan Opportunity Fund III (Europe). Total capital commitments to the new fund exceeded its $1 billion target. “The bank deleveraging process in Europe has resulted in tight credit conditions, especially for smaller businesses. Our strong credit team in Europe is very well situated to address…
Babson Moves into Middle Market
Babson Capital Management has formed Babson Capital Finance (BCF) as a new operating subsidiary to provide financing to middle-market companies and specialized industries. “We plan on establishing Babson Capital Finance as a leading global finance company serving middle market companies, especially those backed by financial sponsors and in certain specialized industries,” said Tom Finke, CEO…
