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Blue Point Exits JTM Foods

Blue Point Exits JTM Foods

Blue Point Capital Partners has sold its interest in JTM Foods, a manufacturer of branded and private label snack foods.  Blue Point, in partnership with snack food industry veteran Angelo Fraggos, acquired JTM in January 2011.  Blue Point invested in JTM through Blue Point Capital Partners II, a $400 million fund raised in 2006. “Since…

Vista Equity Partners to Acquire TIBCO

Vista Equity Partners to Acquire TIBCO

TIBCO Software, a provider of infrastructure and business intelligence software, has entered into an agreement to be acquired by Vista Equity Partners for $24 per share in cash, or a total of approximately $4.3 billion, including the assumption of net debt. The total enterprise value of the transaction represents more than 18 times TIBCO’s EBITDA…

Shorehill Capital Acquires Belt Power

Shorehill Capital Acquires Belt Power

Shorehill Capital has acquired a majority interest in Belt Power LLC, a distributor of lightweight conveyor belts and belting accessories.   Belt Power was a portfolio company of Gen Cap America. “We were impressed with Shorehill Capital’s knowledge of the distribution industry as well as their ability to grow businesses strategically,” said John Shelton, President of…

Rezon8 Capital Acquires Opinionmeter

Rezon8 Capital Acquires Opinionmeter

PeriscopeIQ, a portfolio company of Rezon8 Capital & Advisory Group, has acquired Opinionmeter International, a provider of mobile survey software. “Rezon8’s hands-on involvement in executing the acquisition was essential to closing this strategic transaction. With the help of Rezon8, we continue to look for other strategic acquisitions that will further accelerate PeriscopeIQ’s growth,” said Pawan…

American Capital Invests in BDA

American Capital Invests in BDA

American Capital has committed up to $75 million in financing for Bensussen, Deutsch & Associates, a provider of merchandising and brand management services. Bensussen Deutsch & Associates (BDA) provides marketing and brand management services to companies in multiple business segments including major sports leagues, global entertainment, consumer electronics, automotive, consumer packaged goods, beverage, retail, hospitality,…

The Riverside Company Invests in Medical Payment Exchange

The Riverside Company Invests in Medical Payment Exchange

The Riverside Company has made an investment in Medical Payment Exchange, a provider of healthcare-related claims management services. Medical Payment Exchange (MPE) is a health care information technology company that assists its customers with managing their reimbursement claims by bundling claims into more manageable cash flow streams, thereby reducing the administrative burden of claim management.…

News

Prospect Provides $215 Million to Levine’s Pacific World

Prospect Provides $215 Million to Levine’s Pacific World

Prospect Capital has provided $215 million of first lien senior secured credit facilities to support the recapitalization of Pacific World Corporation, a portfolio company of Levine Leichtman Capital Partners. The $215 million financing provided by Prospect marks the eleventh time in the last two years that Prospect has invested over $100 million in a single…

Paul Novak Joins Cherry Tree as a Managing Director

Paul Novak Joins Cherry Tree as a Managing Director

The Cherry Tree Companies have announced that Paul Novak has joined the company’s investment banking unit, Cherry Tree & Associates, as a Managing Director. Mr. Novak will be based at the company’s headquarters in Minnetonka, MN and will be active in growing Cherry Tree’s sell-side advisory practice in manufacturing, distribution, food, and agribusiness, as well…

American Capital Closes New $1.1 Billion Lower Mid-Market Fund

American Capital Closes New $1.1 Billion Lower Mid-Market Fund

American Capital has closed American Capital Equity III, LP (ACE III), its new private equity fund focused on investing in US companies in the lower middle market, with $1.1 billion in capital commitments. The investor group for ACE III was led by funds advised by Coller Capital, Goldman Sachs Asset Management and StepStone Group. Other…

Renovo Closes Fund II Above Target

Renovo Closes Fund II Above Target

Special situations private equity firm Renovo Capital has held a final closing of Renovo Capital Fund II LP with $132 million of capital commitments.  The firm’s previous fund, Renwood Opportunities Fund I LP, in partnership with The Rosewood Corporation, was raised in 2010 with $50 million in capital commitments. “The performance of our first fund…

Intrepid Advised Pfingsten’s Tropitone on Sale to Brown Jordan

Intrepid Advised Pfingsten’s Tropitone on Sale to Brown Jordan

Intrepid Investment Bankers, a mid-market investment bank, served as the exclusive financial advisor to Tropitone, a portfolio company of Pfingsten Partners, on its recent sale to Brown Jordan International (Pfingsten Exits Tropitone Furniture). Tropitone is a designer and manufacturer of upscale, casual outdoor furniture for the specialty retail and commercial markets. Products include chairs, chaise…

Preston Hollow Continues to Staff Up

Preston Hollow Continues to Staff Up

Preston Hollow Capital has hired three former ORIX USA executives to fill key positions on the firm’s rapidly growing team. Preston Hollow Capital was launched in January 2014 by Jim Thompson, the long-time President and CEO of ORIX USA. John Bills has been named as Chief Credit Officer, Greg May was selected as the new…

New Platform

Vista Equity Partners to Acquire TIBCO

TIBCO Software, a provider of infrastructure and business intelligence software, has entered into an agreement to be acquired by Vista Equity Partners for $24 per share in cash, or a total of approximately $4.3 billion,…

Shorehill Capital Acquires Belt Power

Shorehill Capital has acquired a majority interest in Belt Power LLC, a distributor of lightweight conveyor belts and belting accessories.   Belt Power was a portfolio company of Gen Cap America. “We were impressed with Shorehill…

American Capital Invests in BDA

American Capital has committed up to $75 million in financing for Bensussen, Deutsch & Associates, a provider of merchandising and brand management services. Bensussen Deutsch & Associates (BDA) provides marketing and brand management services to…

Add-on

Rezon8 Capital Acquires Opinionmeter

PeriscopeIQ, a portfolio company of Rezon8 Capital & Advisory Group, has acquired Opinionmeter International, a provider of mobile survey software. “Rezon8’s hands-on involvement in executing the acquisition was essential to closing this strategic transaction. With…

The Sterling Group Acquires Seon Design

Safe Fleet Holdings, a portfolio company of The Sterling Group, has completed the acquisition of Seon Design, a manufacturer of video surveillance equipment used in the school and transit bus markets. “Seon has developed and…

Peak Rock Adds-on Roses Southeast Papers

Atlas Southeast Papers, an affiliate of Peak Rock Capital, has purchased Roses Southeast Papers, a manufacturer of tissue paper products. Roses Southeast Papers produces a complete line of tissue products, including bath tissue, towels, and…

ABRY Partners Acquires Millennium Process Coupon

Millennium Process Coupon has been acquired by Inmar, a portfolio company of ABRY Partners. This transaction closed on September 3, 2104. ABRY Partners acquired Inmar from New Mountain Capital in January 2014. Millennium Process Coupon…

Exit

Blue Point Exits JTM Foods

Blue Point Capital Partners has sold its interest in JTM Foods, a manufacturer of branded and private label snack foods.  Blue Point, in partnership with snack food industry veteran Angelo Fraggos, acquired JTM in January…

DFW Exits Vidara Therapeutics

DFW Capital Partners has completed the previously announced sale of its portfolio company, Vidara Therapeutics, to Horizon Pharma, in a cash and stock transaction valued at approximately $587 million. DFW invested in Vidara in 2012…

Flexpoint Ford Exits VeriClaim

Flexpoint Ford has signed an agreement to sell T&H Global Holdings and its subsidiaries (DBA VeriClaim) to Sedgwick Claims Management Services, a portfolio company of Kohlberg Kravis Roberts & Co. and Stone Point Capital.  VeriClaim…

Pfingsten Exits Tropitone Furniture

Brown Jordan International, a portfolio company of Stonehill Capital Management, has acquired the outstanding equity interests of Tropitone Furniture Co. from Pfingsten Partners. Pfingsten Partners and co-investors HarbourVest Partners and DuPont Capital Management acquired Tropitone…

Financing

Prospect Provides $215 Million to Levine’s Pacific World

Prospect Capital has provided $215 million of first lien senior secured credit facilities to support the recapitalization of Pacific World Corporation, a portfolio company of Levine Leichtman Capital Partners. The $215 million financing provided by…

GE Antares Finances Ridgemont’s Buy of Cook & Boardman

GE Antares is serving as administrative agent on a senior secured credit facility to support the recent acquisition of The Cook & Boardman Group by Ridgemont Equity Partners. GE Capital Markets is the sole lead…

Balance Point Helps TopSpin Buy Patch

Balance Point Capital Partners has made a mezzanine investment and a minority equity co-investment to support the recent acquisition of toy company Patch Products by TopSpin Partners (Topspin Acquires Patch). Patch Products designs, manufactures, distributes…

Golub Backs Audax Buy of Chase Doors

Golub Capital was the Sole Bookrunner, Sole Lead Arranger and Administrative Agent on a facility to support the acquisition of Chase Doors by Audax Group. “Golub provided a financing solution that offered certainty and efficiency…

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