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Welsh, Carson, Anderson & Stowe Exits Matrix Medical

Welsh, Carson, Anderson & Stowe Exits Matrix Medical

Welsh, Carson, Anderson & Stowe has completed the sale of its portfolio company, Matrix Medical Network, to the Providence Service Corporation (Nasdaq: PRSC) for a purchase price of $400 million, including $360 million in cash and shares of Providence common stock with a value at closing of $40 million. The Welsh, Carson, Anderson & Stowe…

Francisco Partners Acquires Vendavo

Francisco Partners Acquires Vendavo

Francisco Partners has completed the acquisition of Vendavo, a provider of business-to-business pricing optimization strategies. Vendavo provides price optimization and management services that are used by its customers to make better data-driven decisions for pricing and sales effectiveness. The company serves B2B mid-market and enterprise companies in the chemicals and process industries, consumer packaged goods,…

Palladium Exits Teasdale Foods

Palladium Exits Teasdale Foods

Palladium Equity Partners has completed the sale of Teasdale Foods, a producer and marketer of bean and hominy products, to Snow Phipps Group. Teasdale represents the third sale of a portfolio company by Palladium this year.  Earlier this year, Palladium sold its portfolio companies ABRA Auto Body & Glass – a national provider of vehicle…

Tonka Bay Exits AeroSystems Engineering

Tonka Bay Exits AeroSystems Engineering

Tonka Bay Equity Partners has completed the sale of AeroSystems Engineering, a provider of testing and engineering services, to Gen Cap America. AeroSystems Engineering is a global provider of testing and engineering services to the aerospace, energy, and military markets.  The company is based in St. Paul (www.aseholdings.com). Tonka Bay acquired AeroSystems Engineering in 2006…

Comvest Acquires Old Time Pottery

Comvest Acquires Old Time Pottery

Comvest Partners has completed the acquisition of Old Time Pottery, a discount retailer of home décor products.  The investment in Old Time Pottery was made through Comvest Investment Partners Fund IV. Old Time Pottery is a discount retailer of home décor products including home accents, house & kitchenware, seasonal products, linens, and crafts. The company…

Main Street Inks 31% IRR on Sale of NCP

Main Street Inks 31% IRR on Sale of NCP

Main Street Capital has fully exited its investment in NCP Investment Holdings (National Cardiovascular Partners), a healthcare services company, with the closing of the sale of the company to Fresenius Medical Care. National Cardiovascular Partners (NCP) is an operator of free-standing outpatient cardiac and vascular procedure labs. The centers are joint venture partnerships between NCP…

News

Versa Closes Dividend Recap of Avenue Stores

Versa Closes Dividend Recap of Avenue Stores

Avenue Stores, a portfolio company of Versa Capital Management, has completed a recapitalization that provides capital to fund additional growth and to provide for a payment of a significant dividend to its shareholders.  Following the recapitalization, Versa, along with management, continues to own 100% of the company’s equity interests. Versa and management acquired Avenue Stores…

Gauge Closes Debut Fund Above Target and at Max Cap

Gauge Closes Debut Fund Above Target and at Max Cap

Gauge Capital has held a final closing of the firm’s debut fund, Gauge Fund LP, at $250 million.  Gauge began fundraising in April 2014 with a target of $175 million, and in September held an oversubscribedfinal closing at its self-imposed limit of $250 million in commitments. Gauge Capital invests from $10 million to $50 million…

MVC Recruits Fifth Third Mezzanine Team

MVC Recruits Fifth Third Mezzanine Team

MVC Capital has added four new debt professionals to its team with the hiring’s of David Williams, Harrison Mullin, David Gardner and Scott Foote. All four were previously employed by Fifth Third Bancorp’s Mezzanine Finance Group which Mr. Williams co-founded in 1999.  The new team members will join Tokarz Group Advisers, the external manager of…

TSG Consumer Partners Names Paula Sutter as CEO of TSG Fashion

TSG Consumer Partners Names Paula Sutter as CEO of TSG Fashion

TSG Consumer Partners, an equity investor in high-growth consumer brands, has appointed Paula Sutter as CEO of TSG Fashion. In this newly created position, Ms. Sutter will work with the CEOs and management teams of REVOLVE, Paige, Alexis Bittar and others in the TSG Fashion portfolio. She will also identify and develop new investments in…

Tim Burke Joins Castanea Partners

Tim Burke Joins Castanea Partners

Castanea Partners – an investor in branded consumer products and services – has hired Tim Burke as its newest Partner. He will be based in the firm’s Boston office. Prior to joining Castanea, Mr. Burke was Co-Founder and Partner of Glenbrook Consumer Partners, a San Francisco based consumer fund where he was responsible for all…

Deloitte Corporate Finance Advises El Dorado Paper Bag

Deloitte Corporate Finance Advises El Dorado Paper Bag

Deloitte Corporate Finance (DCF) was the exclusive financial advisor to El Dorado Paper Bag Manufacturing Co. on its sale last month to Industrial Opportunity Partners. “DCF’s deep transaction and industry experience added value throughout the entire sale process,” said Louie Hall, III, president and CEO of El Dorado Paper Bag Manufacturing.  “DCF’s sector knowledge was…

New Platform

Comvest Acquires Old Time Pottery

Comvest Partners has completed the acquisition of Old Time Pottery, a discount retailer of home décor products.  The investment in Old Time Pottery was made through Comvest Investment Partners Fund IV. Old Time Pottery is…

Gryphon Investors Acquires C. B. Fleet

San Francisco-based middle market private equity firm Gryphon Investors has acquired a majority equity interest in C. B. Fleet Company (DBA Fleet Laboratories).  Fleet’s management team, along with several additional investors, will hold minority stakes…

Centre Partners Invests in Stonewall Kitchen

Centre Partners has made an investment in Stonewall Kitchen, a specialty food producer and retailer.  Stonewall Kitchen will continue to be managed by its existing team with the addition of Centre Operating Partner John Stiker…

Add-on

CI Capital Acquires Addipel

Maroon Group, a portfolio company of CI Capital Partners, has acquired Addipel, a specialty chemical company.  The acquisition of Addipel is the first add-on acquisition completed by CI Capital Partners since it acquired Maroon Group…

Keystone Capital Adds-on Hokanson Carpets

Scott Group Custom Carpets, a portfolio company of Keystone Capital acquired in February 2014, has acquired Hokanson Carpets. Hokanson Carpets is a provider of high end residential carpeting. The company has been involved in some…

RLJ Equity Partners Acquires Zak

LAI International, a portfolio company of RLJ Equity Partners, has acquired Zak Incorporated, a contract manufacturer of components used in the power generation, specialty metals, and oil & gas industries. “RLJ Equity Partners is delighted…

HKW Adds-on Summit Catering

Royal Camp Services, a portfolio company of Hammond, Kennedy, Whitney and Company (HKW), has acquired Summit Catering. “The Royal Camp management team has done an outstanding job with organic growth over the last few years…

Exit

Welsh, Carson, Anderson & Stowe Exits Matrix Medical

Welsh, Carson, Anderson & Stowe has completed the sale of its portfolio company, Matrix Medical Network, to the Providence Service Corporation (Nasdaq: PRSC) for a purchase price of $400 million, including $360 million in cash…

Francisco Partners Acquires Vendavo

Francisco Partners has completed the acquisition of Vendavo, a provider of business-to-business pricing optimization strategies. Vendavo provides price optimization and management services that are used by its customers to make better data-driven decisions for pricing…

Palladium Exits Teasdale Foods

Palladium Equity Partners has completed the sale of Teasdale Foods, a producer and marketer of bean and hominy products, to Snow Phipps Group. Teasdale represents the third sale of a portfolio company by Palladium this…

Tonka Bay Exits AeroSystems Engineering

Tonka Bay Equity Partners has completed the sale of AeroSystems Engineering, a provider of testing and engineering services, to Gen Cap America. AeroSystems Engineering is a global provider of testing and engineering services to the…

Financing

Versa Closes Dividend Recap of Avenue Stores

Avenue Stores, a portfolio company of Versa Capital Management, has completed a recapitalization that provides capital to fund additional growth and to provide for a payment of a significant dividend to its shareholders.  Following the…

MVC Recruits Fifth Third Mezzanine Team

MVC Capital has added four new debt professionals to its team with the hiring’s of David Williams, Harrison Mullin, David Gardner and Scott Foote. All four were previously employed by Fifth Third Bancorp’s Mezzanine Finance…

Monroe Capital Lends to Healthcare Vertical Again

Monroe Capital was the sole lead arranger and administrative agent on the funding of a $20 million senior credit facility to Cytovance Biologics, a portfolio company of Great Point Partners since March 2011. Cytovance is…

GE Antares Backs Latest Jordan Acquisition

GE Antares is serving as administrative agent on a credit facility to support the acquisition of Gulfstream Services by The Jordan Company.  GE Capital Markets served as joint lead arranger and joint bookrunner on this…

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