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Swander Pace Exits Applegate

Swander Pace Exits Applegate

Swander Pace Capital has sold its minority investment in Applegate, a natural and organic meat company, to Hormel Foods. The transaction, including the ownership interest of Applegate founder Stephen McDonnell, is valued at $775 million.  Swander Pace first invested in Applegate in April 2009. “We have enjoyed working with Stephen and the rest of his…

GenNx360 Adds On Majestic Industries

GenNx360 Adds On Majestic Industries

Tooling Technology Holdings, a portfolio company of GenNx360 Capital Partners, has acquired automotive die manufacturer Majestic Industries. Majestic is a manufacturer of progressive and transfer dies used for stamping automotive parts.  The company designs, engineers, builds, and tests dies for both automotive original equipment manufacturers and Tier 1 automotive suppliers. Majestic was founded by Al…

Onex to Invest in Jack’s

Onex to Invest in Jack’s

Onex Corporation has made an investment in Jack’s Family Restaurants, a regional quick-service restaurant operator, in partnership with the company’s management team. “In Onex, we have found a partner that understands the heritage of the Jack’s brand and its emphasis on people, service and community, which have allowed the company to be successful over the…

ABRY to Acquire FastMed Urgent Care

ABRY to Acquire FastMed Urgent Care

ABRY Partners has agreed to acquire FastMed Urgent Care, the second largest independent urgent care organization in the US and the largest network in both North Carolina and Arizona. FastMed provides non-appointment based medicine to the non-emergency patient market through its urgent care centers.  The acquisition includes FastMed’s 87 clinics in North Carolina and Arizona…

Platte River Acquires Profile Products

Platte River Acquires Profile Products

Platte River Equity has acquired Profile Products, a maker of products that are used for soil modification, erosion and sediment control, and vegetation establishment. Profile’s products are designed to minimize soil loss and accelerate seed germination and are used in a variety of applications including private and civil construction, energy, mining, landfill, agriculture, horticulture, sports…

Yorkshire Equity Acquires Dry Systems Technologies

Yorkshire Equity Acquires Dry Systems Technologies

Yorkshire Equity has acquired the assets of Dry Systems Technologies (DST), a subsidiary of Alpha Natural Resources. Yorkshire’s purchase was made in partnership with Ron Eberhart, the chief executive officer of DST. DST is a maker of diesel engine emission control products and after treatment technologies that are used in the mining, extraction and tunneling…

News

Evercore Adds New Technology Banker

Evercore Adds New Technology Banker

New York-based investment bank Evercore Partners has hired Tom Stokes as a new Senior Managing Director in its Technology Banking Group.  Mr. Stokes is based in New York and will focus on advising clients across the technology sector.  Before joining Evercore, Mr. Stokes was a Managing Director in the investment banking division of Goldman Sachs…

Bookend Capital Launched in New York

Bookend Capital Launched in New York

Alexander Panos has launched Bookend Capital to invest in companies active in the branded consumer products sector.  Mr. Panos was previously a General Partner and Managing Director at TSG Consumer Partners, and a member of its investment committee.  He left the firm in October 2014 with the desire to launch a new firm to invest…

Altamont Capital Lures Consumer Products Pro

Altamont Capital Lures Consumer Products Pro

Altamont Capital Partners has hired Todd Lachman as a new Operating Partner. Mr. Lachman will focus on investment opportunities in the consumer sector, with a particular focus on consumer packaged goods.  Mr. Lachman has 25-years of experience in consumer products with specific experience in pet care, confectionery, food, and household goods. “We are thrilled to…

CIT Backs Buy of J.Jill by Towerbrook

CIT Backs Buy of J.Jill by Towerbrook

CIT Corporate Finance was the Administrative Agent on a $40 million senior secured asset-based revolving credit facility for TowerBrook Capital Partners to facilitate the acquisition of a majority stake in J.Jill, a multi-channel retailer of women’s apparel, accessories and footwear.  TowerBrook purchased J.Jill from Arcapita and Golden Gate Capital which acquired the company in July…

Buy the Rumor, Sell the Fact

Buy the Rumor, Sell the Fact

After months of middle-market deal professionals and acquirers describing heavy deal activity characterized by abundant leverage and upward valuation pressure, these trends are at last fully present in GF Data’s quarterly numbers. “It brings to mind the old trader’s expression ‘buy the rumor, sell the fact,’” said GF Data CEO Andrew Greenberg.  “Industry discourse has…

Sorenson Capital Adds New Partner

Sorenson Capital Adds New Partner

Sorenson Capital has promoted LeGrand Lewis to managing director.  Mr. Lewis is active at Sorenson in both portfolio company management and transaction processing and sourcing. Since joining the firm in 2008, Mr. Lewis has played an active in several key investments made by Sorenson Capital.  Most recently, Mr. Lewis led the firm’s April 2015 investment…

New Platform

Onex to Invest in Jack’s

Onex Corporation has made an investment in Jack’s Family Restaurants, a regional quick-service restaurant operator, in partnership with the company’s management team. “In Onex, we have found a partner that understands the heritage of the…

ABRY to Acquire FastMed Urgent Care

ABRY Partners has agreed to acquire FastMed Urgent Care, the second largest independent urgent care organization in the US and the largest network in both North Carolina and Arizona. FastMed provides non-appointment based medicine to…

Platte River Acquires Profile Products

Platte River Equity has acquired Profile Products, a maker of products that are used for soil modification, erosion and sediment control, and vegetation establishment. Profile’s products are designed to minimize soil loss and accelerate seed…

Add-on

GenNx360 Adds On Majestic Industries

Tooling Technology Holdings, a portfolio company of GenNx360 Capital Partners, has acquired automotive die manufacturer Majestic Industries. Majestic is a manufacturer of progressive and transfer dies used for stamping automotive parts.  The company designs, engineers,…

Kinderhook’s Lodis Merges with American Belt

Lodis Accessories, a portfolio company of Kinderhook Industries, has merged with The American Belt Company and the combined company has been renamed American Accessories. Lodis Accessories, acquired by Kinderhook in January 2006, is a supplier…

H-D Advanced Acquires Precision Aero

H-D Advanced Manufacturing Company has acquired Precision Aero, a maker of high-precision machined aircraft components. Precision Aero was founded in 1962 and primarily serves the aircraft (both commercial and military) and commercial vehicle markets. Products…

Leeds Builds on Financial Info Platform

Covenant Review, a portfolio company of Leeds Equity Partners, has acquired CapitalStructure, a provider of news and information on the European sub-investment grade credit market. Covenant Review, acquired by Leeds in September 2014, provides institutional…

Exit

Swander Pace Exits Applegate

Swander Pace Capital has sold its minority investment in Applegate, a natural and organic meat company, to Hormel Foods. The transaction, including the ownership interest of Applegate founder Stephen McDonnell, is valued at $775 million. …

BelHealth Exits Aureus Health Services

BelHealth Investment Partners has sold its portfolio company Aureus Health Services to Meijer, a regional hypermarket chain headquartered in Michigan. Aureus, acquired by BelHealth in December 2012, is a specialty pharmacy and health services company…

DWHP Exits Health and Safety Institute

DW Healthcare Partners (DWHP) has sold its portfolio company, Health & Safety Institute (HSI), to The Riverside Company.  This is the second bite of the apple for Riverside as the firm was the owner of…

GTCR Sells Protection 1 to Apollo

GTCR has signed an agreement to sell Protection 1, a security alarm monitoring company, to Apollo Global Management. The transaction is expected to close in the second quarter of 2015. Protection 1 provides installation, maintenance…

Financing

CIT Backs Buy of J.Jill by Towerbrook

CIT Corporate Finance was the Administrative Agent on a $40 million senior secured asset-based revolving credit facility for TowerBrook Capital Partners to facilitate the acquisition of a majority stake in J.Jill, a multi-channel retailer of…

GE Antares’ Chip Cushman Joins Golub

Golub Capital has hired Chip Cushman as its newest Managing Director in its middle market lending group.   Mr. Cushman will be responsible for originating, underwriting, executing and monitoring investments for the firm. He will be…

Monroe Backs Mud Pie Buyback

Monroe Capital has provided a subordinated debt facility to Mud Pie, LLC to enable the company to repurchase the equity of the company owned by Lineage Capital. With the closing of this transaction, the equity…

Abacus Backs Fulham’s Buy of Alkota Cleaning Systems

Abacus Finance Group was the Administrative Agent and Joint Lead Arranger for $16 million in senior secured credit facilities to back the just-closed acquisition of Alkota Cleaning Systems by Fulham & Co.  Alkota was a…

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