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Saugatuck and Ironwood Acquire Pharmaceutic Litho

Saugatuck and Ironwood Acquire Pharmaceutic Litho

Saugatuck Capital and Ironwood Capital have acquired Pharmaceutic Litho & Label, a specialty printer serving  the pharmaceutical, biotech and medical device industries. Saugatuck provided equity capital through the firm’s ninth fund, Saugatuck Capital Company IX LLC which, along with management, owns a majority interest in the company.  Ironwood Capital provided mezzanine financing as well as…

Brentwood Acquires Z Gallerie

Brentwood Acquires Z Gallerie

Brentwood Associates has acquired Z Gallerie, a multi-channel retailer of home goods.  The company will continue to be led by its three founders, Joe Zeiden, Carole Malfatti and Mike Zeiden. “Z Gallerie is a differentiated retailer in the home furnishings market with a very unique merchandise assortment. We see a significant opportunity to accelerate growth…

H.I.G. Acquires Net Trans Services and Worldwide Payment

H.I.G. Acquires Net Trans Services and Worldwide Payment

H.I.G. Capital’s portfolio company Onyx Payments, a payment processor serving hotel and travel agencies, has acquired Norway-based Net Trans Services and Spain-based Worldwide Payment Systems. Net Trans Services provides hotel commission recovery and reconciliation services for travel agencies and other hotel booking professionals worldwide. Net Trans has contracted with 10,300 travel distributors in more than…

H-D Advanced Manufacturing Acquires Crown Precision

H-D Advanced Manufacturing Acquires Crown Precision

H-D Advanced Manufacturing Company has acquired Crown Precision Machining, a provider of high-precision machining services to manufacturers serving the commercial aerospace and defense industries. H-D was formed in December 2012 by a partnership among The Riverside Company, Hicks Equity Partners and Weinberg Capital Group to acquire and develop manufacturers of mission-critical, precision engineered components. H-D…

GenNx360 Acquires BBI Spreaders

GenNx360 Acquires BBI Spreaders

Salford Group, a portfolio company of GenNx360 Capital Partners, has acquired BBI Spreaders, a manufacturer of dry material applicators used in the agriculture, construction, and golf sectors. “This acquisition represents the latest step towards aggressively expanding Salford’s market presence through product and geographic expansion. We are very excited to support Salford in this acquisition and…

Apollo Acquires Peter Piper Pizza

Apollo Acquires Peter Piper Pizza

CEC Entertainment, the operator of 577 Chuck E. Cheese pizza restaurants and a portfolio company of Apollo Global Management, has acquired Peter Piper Pizza, a pizza and entertainment restaurant chain operating 32 company-owned locations and 115 franchises in the southwestern US and Mexico. Peter Piper Pizza was a portfolio company of ACON Investments. Peter Piper,…

News

New Lower Mid-Market Lender Launched

New Lower Mid-Market Lender Launched

Tree Line Capital has partnered with Enhanced Capital to launch a lower middle-market direct lending platform for businesses with EBITDA of $2 million to $20 million. The new lender will be led by founding and managing partners Tom Quimby and Jon Schroeder. According to Messrs. Quimby and Schroeder, over the past 20 years, commercial bank…

TCF Capital Backs Dubin Clark’s Restoration Parts Group              

TCF Capital Backs Dubin Clark’s Restoration Parts Group              

TCF Capital Funding has provided the financing to support the refinancing of Restoration Parts Group, a portfolio company of Dubin Clark, and its July 2014 acquisition of The Right Stuff Detailing. Restoration Parts is a platform company owned by Dubin Clark to aggregate manufacturers of classic automotive restoration parts and accessories.  Restoration Parts and owns…

Dealmakers See Mid-Market Activity Increasing

Dealmakers See Mid-Market Activity Increasing

According to an annual survey conducted by the New York chapter of the Association for Corporate Growth, a majority of middle market deal making and corporate professionals believe that middle market transaction activity will increase, despite unsustainable valuations. The survey is based on responses from more than 200 ACG New York members who are leading…

Former CEO of GE Healthcare Joins CD&R

Former CEO of GE Healthcare Joins CD&R

John Dineen, the former CEO of GE Healthcare, has been appointed as an operating advisor to Clayton, Dubilier & Rice.  Beginning early next year, Mr. Dineen will work with CD&R on healthcare-related investments, from sourcing new transactions to advising portfolio company executives on management, operational and growth strategies. Mr. Dineen is a 28-year veteran of…

Direct, Co-Investments Drive Shifts in Private Equity

Direct, Co-Investments Drive Shifts in Private Equity

Recent research by Fitch Ratings shows that a growing interest by large limited partners to either co-invest or directly invest in corporate equity financings has led private equity firms to respond by facilitating investments in deals outside these managers’ primary funds. The trend reduces the overall average management and carry fee percentages paid by large…

Allstate Adds Staff, Remains Committed to Direct PE Investing

Allstate Adds Staff, Remains Committed to Direct PE Investing

The Allstate Corporation has expanded its senior investment team with the hiring of Russell Mayerfeld as a new senior managing director, reporting to Judith Greffin, chief investment officer. In another personnel move, Peter Keehn has been promoted to managing director, private equity investing, reporting to Mr. Mayerfeld. “We expect to capture additional higher-returning investment opportunities…

New Platform

Saugatuck and Ironwood Acquire Pharmaceutic Litho

Saugatuck Capital and Ironwood Capital have acquired Pharmaceutic Litho & Label, a specialty printer serving  the pharmaceutical, biotech and medical device industries. Saugatuck provided equity capital through the firm’s ninth fund, Saugatuck Capital Company IX…

Brentwood Acquires Z Gallerie

Brentwood Associates has acquired Z Gallerie, a multi-channel retailer of home goods.  The company will continue to be led by its three founders, Joe Zeiden, Carole Malfatti and Mike Zeiden. “Z Gallerie is a differentiated…

Altamont Acquires into Legacy ER & Urgent Care

Altamont Capital Partners and the Kingfish Group have made a majority equity investment in Legacy ER & Urgent Care, an operator of hybrid standalone emergency room and urgent care clinics. Legacy ER & Urgent Care…

Add-on

H.I.G. Acquires Net Trans Services and Worldwide Payment

H.I.G. Capital’s portfolio company Onyx Payments, a payment processor serving hotel and travel agencies, has acquired Norway-based Net Trans Services and Spain-based Worldwide Payment Systems. Net Trans Services provides hotel commission recovery and reconciliation services…

H-D Advanced Manufacturing Acquires Crown Precision

H-D Advanced Manufacturing Company has acquired Crown Precision Machining, a provider of high-precision machining services to manufacturers serving the commercial aerospace and defense industries. H-D was formed in December 2012 by a partnership among The…

GenNx360 Acquires BBI Spreaders

Salford Group, a portfolio company of GenNx360 Capital Partners, has acquired BBI Spreaders, a manufacturer of dry material applicators used in the agriculture, construction, and golf sectors. “This acquisition represents the latest step towards aggressively…

Apollo Acquires Peter Piper Pizza

CEC Entertainment, the operator of 577 Chuck E. Cheese pizza restaurants and a portfolio company of Apollo Global Management, has acquired Peter Piper Pizza, a pizza and entertainment restaurant chain operating 32 company-owned locations and…

Exit

Encore Consumer Capital Exits Isopure

Encore Consumer Capital has completed the sale of The Isopure Company, a marketer of sports nutrition products, to Glanbia for $153 million. Encore began marketing Isopure in July 2014. “Isopure’s founder Hal Katz decided to…

American Capital Exits Avalon Laboratories

American Capital has sold its portfolio company Avalon Laboratories to Nordson Corporation for $180 million.  Over the life of its investment, American Capital realized a compounded annual rate of return of 19% on its equity…

Vista Completes Sale of SumTotal Systems

Vista Equity Partners has completed the sale of its portfolio company SumTotal Systems to Skillsoft Corporation, a subsidiary of Skillsoft Limited.  Vista completed a buyout and take-private of SumTotal in July 2009. SumTotal Systems is…

American Capital Sells Unwired Technology to Delphi

Delphi Automotive has entered into an agreement to acquire Unwired Technology, a supplier of media connectivity modules, from American Capital. American Capital first invested in Unwired Technology in May 2005. The transaction is expected to…

Financing

New Lower Mid-Market Lender Launched

Tree Line Capital has partnered with Enhanced Capital to launch a lower middle-market direct lending platform for businesses with EBITDA of $2 million to $20 million. The new lender will be led by founding and…

TCF Capital Backs Dubin Clark’s Restoration Parts Group              

TCF Capital Funding has provided the financing to support the refinancing of Restoration Parts Group, a portfolio company of Dubin Clark, and its July 2014 acquisition of The Right Stuff Detailing. Restoration Parts is a…

Direct, Co-Investments Drive Shifts in Private Equity

Recent research by Fitch Ratings shows that a growing interest by large limited partners to either co-invest or directly invest in corporate equity financings has led private equity firms to respond by facilitating investments in…

Allstate Adds Staff, Remains Committed to Direct PE Investing

The Allstate Corporation has expanded its senior investment team with the hiring of Russell Mayerfeld as a new senior managing director, reporting to Judith Greffin, chief investment officer. In another personnel move, Peter Keehn has…

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