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…
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,…
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…
Neuberger Berman and Athyrium Close New Healthcare Fund
Neuberger Berman Group and Athyrium Capital Management have closed Athyrium Opportunities Fund to invest in structured healthcare investments. The new fund was oversubscribed and closed at $507 million. The limited partners of Athyrium Opportunities Fund include more than 35 institutional investors, including public and private pensions, insurance companies, funds-of-funds, endowments and foundations. To date, the…
BelHealth Adds New Associate
Lower middle market private equity firm BelHealth Investment Partners has added Paul Barrett to its investment team as a new Associate. “Paul’s strong credit market and healthcare experience complements our existing team, and we are delighted to have him as a member of BelHealth. Our investment team now has a balance of senior team members…
BDCA Launches into the Lower Middle Market
Business Development Corporation of America (BDCA), part of American Realty Capital, has hired a team of three professionals to launch a new lower middle market investing effort. Lloyd Sams and Scott Chappell join BDCA as managing directors and Damien Dovi joins as a director. BDCA will invest in both sponsored and non-sponsored middle market investment…
GE Antares Backs Greenbriar Buy of EDAC
GE Antares served as administrative agent for an $89.5 million senior credit facility to support Greenbriar Equity Group’s acquisition of EDAC Technologies Corporation, a designer, manufacturer and servicer of precision components for aerospace and industrial applications. GE Capital Markets acted as joint lead arranger and sole bookrunner. “We view GE Antares as an excellent choice…
