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Blackstone Acquires Service King Collision Repair

Blackstone Acquires Service King Collision Repair

Service King Collision Repair Centers, a portfolio company of The Carlyle Group and one of the largest independent US chains of automobile body repair centers, has entered into an agreement to be recapitalized by Blackstone.  Carlyle and its co-investors and the management and employees of Service King, which first invested in the company in August…

Baring Acquires Cath Kidston from TA Associates

Baring Acquires Cath Kidston from TA Associates

Baring Private Equity Asia has acquired a substantial stake in UK-based lifestyle brand company, Cath Kidston, from its existing majority shareholder TA Associates and members of the company’s management team.  Baring Asia will have equal ownership with TA, and will partner with TA and the current management team to expand the brand and further develop…

Huron Capital Partners Acquires Bandit

Huron Capital Partners Acquires Bandit

Huron Capital Partners and Bandit Industries have entered into an agreement to recapitalize Bandit and to provide resources and capital to support the company’s growth. The investment is expected to close in early fall 2014. Bandit Industries is a designer, manufacturer, distributor and servicer of hand-fed and whole tree wood chippers, stump grinders, forestry mowers,…

GenNx360 Invests in Tooling Technology

GenNx360 Invests in Tooling Technology

GenNx360 Capital Partners has made an investment in Tooling Technology, a manufacturer of tooling and automation systems. This transaction represents the third investment for GenNx360 Capital Partners’ Fund II. Tooling Technology is a manufacturer of tooling and automation systems utilizing thermoforming, twin-sheet and single-sheet vacuum forming, pressure forming, compression molding, rotational molding, blow molding, resin…

Levine Leichtman Acquires Fastsigns

Levine Leichtman Acquires Fastsigns

Levine Leichtman Capital Partners (LLCP) has partnered with management to complete the acquisition of Fastsigns International, a franchisor of custom sign and graphics stores.  Fastsigns is the fourth investment from Levine Leichtman Capital Partners V, LP. Fastsigns is the franchisor of Fastsigns centers which provide a full range of custom sign and graphics products to…

Succession Capital Acquires H.J. Sherman Company

Succession Capital Acquires H.J. Sherman Company

Succession Capital has acquired H.J. Sherman Company, a designer, manufacturer and distributor of religious gifts and jewelry. “H.J. Sherman is a household name in the religious gifts industry. That takes decades to build, and they’ve done it the right way,” said Succession’s Managing Partner Nathaniel Broughton.  “We’re honored to be able to join in continuing…

News

Abacus Backs Latest Buy of Wafra Partners

Abacus Backs Latest Buy of Wafra Partners

Abacus Finance Group was the Administrative Agent and Sole Lead Arranger for $19 million in senior secured credit facilities to support the acquisition of Atronix, a provider of cable assemblies, by Wafra Partners. Abacus team members involved in the transaction included Timothy Wong and Eric Petersen. Atronix is a provider of cable assemblies, wire harnesses…

Arsenal Adds New Investor Relations Pro

Arsenal Adds New Investor Relations Pro

Arsenal Capital Partners has appointed Grace Rhee Kim as a Principal in Investor Relations. Ms. Kim was formerly a Principal of Business Development at Providence Equity Partners. Prior to Providence Equity, she was a Managing Director in the Private Funds Group at Forbes Private Capital Group. Ms. Kim also worked as a Managing Director for…

Consonance Capital Partners Closes On $500 Million Healthcare Fund

Consonance Capital Partners Closes On $500 Million Healthcare Fund

Consonance Capital Partners (CCP), the private equity arm of Consonance Capital, has held a final closing of a new $500 million healthcare private equity fund. The fund was oversubscribed, surpassing its $350 million target and reached its hard cap of $500 million. “We are pleased to announce the final closing of our first private equity…

Advisory Firm SierraConstellation Adds New Senior Director

Advisory Firm SierraConstellation Adds New Senior Director

SierraConstellation Partners (SCP), an interim management and advisory firm to middle-market companies, has added Jeff Nerland to its team as a new senior director.  Mr. Nerland is based in Los Angeles and reports to Lawrence Perkins, founder and CEO, and Winston Mar, managing director. “I have known Jeff for many years and am confident that…

Cotton Creek Hires New Associate

Cotton Creek Hires New Associate

Cotton Creek Capital has added Alan Goldstein to its investment team as an Associate in the firm’s Austin office. Previously, Mr. Goldstein was an investment banking analyst at Jefferies Group in New York where he specialized in mergers and acquisitions. At Jefferies, Mr. Goldstein advised clients ranging from small to large capital companies and financial…

Private Equity Distributions Hit an All-Time High in 2013

Private Equity Distributions Hit an All-Time High in 2013

During a 2013 in which low interest rates pushed many investors into equities, the public equity markets saw stellar returns, beating out the performance of investments in US private equity and venture capital for the year. But these alternative assets also fared well, with US private equity and venture capital funds having their best annual…

New Platform

Blackstone Acquires Service King Collision Repair

Service King Collision Repair Centers, a portfolio company of The Carlyle Group and one of the largest independent US chains of automobile body repair centers, has entered into an agreement to be recapitalized by Blackstone. …

Baring Acquires Cath Kidston from TA Associates

Baring Private Equity Asia has acquired a substantial stake in UK-based lifestyle brand company, Cath Kidston, from its existing majority shareholder TA Associates and members of the company’s management team.  Baring Asia will have equal…

Huron Capital Partners Acquires Bandit

Huron Capital Partners and Bandit Industries have entered into an agreement to recapitalize Bandit and to provide resources and capital to support the company’s growth. The investment is expected to close in early fall 2014.…

Add-on

Harbour Acquires Holman Boiler and Affiliated Power

Cleaver-Brooks, a portfolio company of the Harbour Group, has acquired Holman Boiler Works and Affiliated Power Services.  Both companies are Texas-based boiler sales and service providers. “These are two outstanding companies.” said Jeff Fox, Chairman…

Svoboda Capital Acquires Cogniserv

Databank IMX, a portfolio company of Svoboda Capital Partners, has acquired Cogniserv, a document scanning company.  The transaction is the fifth add-on acquisition for Databank since Svoboda first invested in the company in January 2011.…

Riverside Acquires Dean Alert

The Riverside Company has acquired PearServe (DBA DEAN Alert) as the fifth add-on to its Emergency Communications Network (ECN) platform. DEAN Alert provides time-sensitive warnings, information about natural disasters, and other vital information to citizens,…

Baird Capital Acquires Avid Design

Myelin Health, a platform company of Baird Capital, has acquired Avid Design, a provider of online marketing services to healthcare related companies.  The acquisition closed on June 30, 2014. Avid Design provides online marketing, communication,…

Exit

North Castle to Sell Ignite to Newell Rubbermaid

North Castle Partners has entered into an agreement to sell Ignite USA, a developer and marketer of thermal mugs, to Newell Rubbermaid (NYSE: NWL) for a purchase price of $308 million.  North Castle invested in…

Genstar Completes Sale of Evolution1 To WEX

Genstar Capital has completed the previously announced sale of Evolution1, a provider of health payments and technology, to WEX Inc. (NYSE: WEX) for $532.5 million. Evolution1 provides healthcare software and payment solutions that administer and…

RLJ Equity Partners Exits Media Source

RLJ Equity Partners, an affiliate of The RLJ Companies, has completed the sale of its portfolio company Media Source.  RLJ Equity Partners acquired Media Source from the Riverside Company in 2011. Media Source (MSI) is a…

Saw Mill Capital Exits Jason

Saw Mill Capital has sold its portfolio company Jason Incorporated to Quinpario Acquisition Corp. which later changed its name to Jason Industries (NASDAQ: JASN).  Prior to the sale, Jason was owned by a group of…

Financing

Abacus Backs Latest Buy of Wafra Partners

Abacus Finance Group was the Administrative Agent and Sole Lead Arranger for $19 million in senior secured credit facilities to support the acquisition of Atronix, a provider of cable assemblies, by Wafra Partners. Abacus team…

Yukon Backs Latest Buy of Revelstoke

Yukon Partners has provided subordinated debt and equity to support the acquisition of Schryver Medical by Revelstoke Capital Partners. The management team of Schryver will continue to own a minority interest in the company. “We…

Golub Capital Backs ILC Industries Refinance

Golub Capital was the Joint Lead Arranger, Joint Bookrunner and Administrative Agent on a $330 million senior credit facility to support the refinancing of ILC Industries, a portfolio company of Behrman Capital. ILC Industries, which…

Monroe Capital Backs Caltius Portfolio Company

Monroe Capital has provided a $14 million senior secured credit facility to support the recapitalization of Starpoint Health, a portfolio company of Caltius Equity Partners. Starpoint is an ambulatory surgery center operator, managing a number…

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