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KPS Capital Partners Acquires Anchor Glass

KPS Capital Partners Acquires Anchor Glass

KPS Capital Partners has entered into an agreement to acquire Anchor Glass Container Corporation from Ardagh Holdings USA.  Completion of the transaction is expected during the second or third quarter of 2014. Anchor Glass is a North American manufacturer of glass packaging products for the beer, liquor, food, beverage, ready-to-drink and consumer end-markets.  The company…

Castle Harlan Acquires Gold Star from Prospect

Castle Harlan Acquires Gold Star from Prospect

Castle Harlan has acquired Gold Star Foods, a food distributor to K-12 schools and a portfolio company of Prospect Partners.  Castle Harlan invested in Gold Star through its fifth fund, Castle Harlan Partners V.  Prospect Partners acquired Gold Star in October 2007. “Gold Star is a proven leader in the stable and moderately growing school…

Gridiron Capital Invests in Counsel On Call

Gridiron Capital Invests in Counsel On Call

Gridiron Capital has made a growth capital investment in Counsel On Call, a provider of outsourced legal services. “We are thrilled to partner with Counsel On Call’s impressive, passionate and accomplished management team, team members and attorneys,” said Tom Burger, Managing Partner of Gridiron.  “There is a significant opportunity to build on their successes, and…

Madison Dearborn Exits Nuveen

Madison Dearborn Exits Nuveen

Financial services provider TIAA-CREF has agreed to acquire Nuveen Investments from an investor group led by Madison Dearborn Partners at an enterprise value of $6.25 billion. Madison Dearborn acquired Nuveen in 2007. Nuveen Investments is provider of financial asset management services to institutions and high net worth individuals. The company has approximately $220 billion of…

Range Light Acquires Freedom Electronics

Range Light Acquires Freedom Electronics

Private equity firm Range Light has acquired Freedom Electronics, a rebuilder of electronics used in gas pumps and other applications. Freedom Electronics is a rebuilder of electronic gas pumps, point-of-sale terminals and printers, with a specialization in the remanufacture of Gilbarco, Tokheim, Dresser-Wayne and Verifone OEM parts.  The company has over 2,400 SKUs for sale,…

Gores Exits Norment Security Group

Gores Exits Norment Security Group

The Gores Group has sold its portfolio company Norment Security Group, a provider of correctional security technology, to Cornerstone Detention Products. Gores first invested in Norment in September 2007. Norment Security Group is a supplier of physical and electronic security products, as well as integration and maintenance services, to the corrections and courthouse markets. Company…

News

Pomona Closes Eighth Secondary Fund at Hard Cap

Pomona Closes Eighth Secondary Fund at Hard Cap

Global private equity firm Pomona Capital has held a final close of its eighth secondaries fund, Pomona Capital VIII, LP with commitments of $1.75 billion. The new fund had a target of $1.3 billion and was substantially oversubscribed, hitting its hard cap.  Pomona Capital VIII, like its predecessor funds, will purchase interests in private equity…

Behrman Completes $570 Million Recap of Pelican

Behrman Completes $570 Million Recap of Pelican

Behrman Capital has completed a $570 million recapitalization of Pelican Products.  Proceeds from the recapitalization were used to repay existing debt and accrued interest, pay fees and expenses, and pay a cash dividend to the shareholders of Pelican. The recapitalization is comprised of a $365 million first-lien term loan, a $175 million second-lien term loan,…

TCF Backs Range Light Buy of Freedom Electronics

TCF Backs Range Light Buy of Freedom Electronics

TCF Capital Funding has provided $12 million of secured financing to support the acquisition of Freedom Electronics by private equity firm Range Light. Freedom Electronics is a rebuilder of electronic gas pumps, point-of-sale terminals and printers, with a specialization in the remanufacture of Gilbarco, Tokheim, Dresser-Wayne and Verifone OEM parts.  The company has over 2,400…

ACAS Backs Audax Group Buy of Luminator

ACAS Backs Audax Group Buy of Luminator

American Capital has committed $71 million to support the acquisition of Luminator Technology Group by Audax Group. Since founding in 1986, American Capital has invested approximately $11 billion in over 250 portfolio companies in support of private equity firms’ company buyouts, refinancings, add-on acquisitions, dividend recapitalizations and growth opportunities. Luminator Technology Group is a designer…

Blue Wolf Adds Aero and Defense Pro

Blue Wolf Adds Aero and Defense Pro

Blue Wolf Capital Partners has added Victor Caruso to its team as a new senior advisor.  Mr. Caruso will work with Blue Wolf to expand Blue Wolf’s presence in the aerospace and defense industries and to evaluate and execute new investments. “Through our investment in Channel Technologies Group, we have deepened our knowledge of the…

Matrix Capital Launches Healthcare M&A Practice

Mid-market investment bank Matrix Capital Markets Group is expanding its industry coverage by establishing a healthcare practice to provide merger & acquisitions and capital raising services to privately-held and private-equity owned companies. “Launching a healthcare practice is a natural extension for Matrix.  We have a track record of establishing industry verticals where specific sector knowledge…

New Platform

KPS Capital Partners Acquires Anchor Glass

KPS Capital Partners has entered into an agreement to acquire Anchor Glass Container Corporation from Ardagh Holdings USA.  Completion of the transaction is expected during the second or third quarter of 2014. Anchor Glass is…

Castle Harlan Acquires Gold Star from Prospect

Castle Harlan has acquired Gold Star Foods, a food distributor to K-12 schools and a portfolio company of Prospect Partners.  Castle Harlan invested in Gold Star through its fifth fund, Castle Harlan Partners V.  Prospect…

Gridiron Capital Invests in Counsel On Call

Gridiron Capital has made a growth capital investment in Counsel On Call, a provider of outsourced legal services. “We are thrilled to partner with Counsel On Call’s impressive, passionate and accomplished management team, team members…

Add-on

Custom Ecology Acquires B.J. Bear

Custom Ecology, a portfolio company of Kinderhook Industries, has acquired B.J. Bear Grain Co.  B.J. Bear is the fourth acquisition by Kinderhook its Custom Ecology platform. B.J. Bear provides outsourced municipal solid waste hauling services…

Century Park Acquires Andrés Imaging & Graphics

Moss Inc., a portfolio company of Century Park Capital Partners, has made a control investment in Andrés Imaging & Graphics, a provider of visual branding products and services. Andrés Imaging & Graphics is a provider…

Riverside Acquires Diversified Property Solutions

Paradigm Tax Group, a portfolio company of The Riverside Company, has acquired Diversified Property Solutions. This is the fourth add-on acquisition for Paradigm since being acquired by Riverside in November 2013. Diversified Property Solutions (DPS)…

Francisco Partners Acquires Health Robotics

Aesynt, a provider of pharmacy automation services and a portfolio company of Francisco Partners, has acquired Health Robotics, a supplier of automated technology for intravenous medication preparation, compounding and dispensing. Health Robotics provides integrated intravenous…

Exit

Madison Dearborn Exits Nuveen

Financial services provider TIAA-CREF has agreed to acquire Nuveen Investments from an investor group led by Madison Dearborn Partners at an enterprise value of $6.25 billion. Madison Dearborn acquired Nuveen in 2007. Nuveen Investments is…

Gores Exits Norment Security Group

The Gores Group has sold its portfolio company Norment Security Group, a provider of correctional security technology, to Cornerstone Detention Products. Gores first invested in Norment in September 2007. Norment Security Group is a supplier…

KRG Capital Partners Exits Focus

KRG Capital Partners has sold its portfolio company Focus Corporation to WSP Global in an all cash transaction valued at approximately $366 million. The Focus Corporation is a consulting firm providing a range of engineering,…

Levine Leichtman Exits Luminator Technology Group

Levine Leichtman Capital Partners has completed the sale of Luminator Technology Group, a manufacturer of lighting systems, to Audax Group. Luminator Technology Group is a designer and manufacturer of display, lighting and passenger communication systems…

Financing

Behrman Completes $570 Million Recap of Pelican

Behrman Capital has completed a $570 million recapitalization of Pelican Products.  Proceeds from the recapitalization were used to repay existing debt and accrued interest, pay fees and expenses, and pay a cash dividend to the…

TCF Backs Range Light Buy of Freedom Electronics

TCF Capital Funding has provided $12 million of secured financing to support the acquisition of Freedom Electronics by private equity firm Range Light. Freedom Electronics is a rebuilder of electronic gas pumps, point-of-sale terminals and…

ACAS Backs Audax Group Buy of Luminator

American Capital has committed $71 million to support the acquisition of Luminator Technology Group by Audax Group. Since founding in 1986, American Capital has invested approximately $11 billion in over 250 portfolio companies in support…

CIT Backs Refinance of Quadrant’s Portfolio Company

The Healthcare group of CIT Corporate Finance served as Sole Lead Arranger in a $50 million senior secured credit facility for QMES, a distributor of durable medical products and a portfolio company of Quadrant Management.…

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