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Peak Rock Acquires Precision Valve

Peak Rock Acquires Precision Valve

Peak Rock Capital has acquired Precision Valve Holdings Corporation, a maker of aerosol valves and other custom actuators. Precision Valve’s products are used in a variety of end markets including personal care, household, food & beverage, industrial and pharmaceutical.  Based in New York, the company operates a multinational network of facilities spanning sixteen countries on…

Catterton Invests in Pure Barre

Catterton Invests in Pure Barre

Pure Barre, an operator of barre fitness studios, has received a growth capital investment by Catterton Partners.  Barre exercises are a type of physical fitness regime that incorporates postures from ballet, yoga and Pilates in tandem with the use of a barre – a stationary handrail that provides support – while doing exercises that focus…

Joshua Adds-on to Precision Machining Platform

Joshua Adds-on to Precision Machining Platform

Joshua Partners has completed an add-on acquisition for its portfolio company Precision Engineered Technologies with the buy of Ray Industries. Ray Industries is a maker of precision parts and components for the aerospace, defense, medical, industrial and energy industries.  The company specializes in using a technique called roll-threading.  This technique forms a thread on a…

Arbor Sells Gold Standard Baking to Tricor Pacific

Arbor Sells Gold Standard Baking to Tricor Pacific

Arbor Investments has completed the sale of its Fund II portfolio company, Gold Standard Baking, to Tricor Pacific Capital.  The sale of Gold Standard provided Arbor with a 9.4x gross return on its investment. Gold Standard is a manufacturer of frozen laminated dough products sold through grocery retailers, foodservice distributors, quick serve restaurant chains, commissaries…

Berkshire Partners to Acquire Implus

Berkshire Partners to Acquire Implus

Berkshire Partners has signed an agreement to acquire a majority equity interest in Implus Corporation, currently a portfolio company of Trilantic North America.  The Implus management team – led by CEO Seth Richards and President Todd Vore – is co-investing alongside Berkshire in this transaction. Implus is a supplier of insoles, shoe care products, performance…

Fulcrum Exits Nuheat Industries

Fulcrum Exits Nuheat Industries

Fulcrum Capital Partners has sold its portfolio company Nuheat Industries, a manufacturer of electric radiant floor heating systems and outdoor freeze protection products, to Pentair. Fulcrum’s third fund (Fund III) acquired its interest in Nuheat in March 2008. During the course of its ownership, Nuheat expanded its market position by investing in new product development,…

News

PNC Business Credit Names New SVPs

PNC Business Credit Names New SVPs

PNC Business Credit has hired to new professionals to develop relationships with private equity firms. Joining PNC are Robert Betts and Jonathan Westberg.  Both will assume the title of Senior Vice President of Private Equity Originations. Mr. Betts has ten years of banking experience, including commercial credit and finance.  Prior to joining PNC he was…

Monroe Hires Joe Rodgers from KPMG

Monroe Hires Joe Rodgers from KPMG

Monroe Capital has hired Joe Rodgers as the firm’s newest managing director. Mr. Rodgers will be the firm’s Southeast Region Group Head and will be based in Monroe’s Atlanta office. Before coming over to Monroe, Mr. Rodgers was a Managing Director & Group Head of Capital Advisory and Private Placements at KPMG Corporate Finance.  Prior…

Oxford Ups Term Loan to Edgemont Pharmaceuticals

Oxford Ups Term Loan to Edgemont Pharmaceuticals

Oxford Finance has closed on $5 million of new debt as an expansion to its existing $10 million senior secured term loan agreement with Edgemont Pharmaceuticals.  The new capital will be used to fund the working and growth capital needs of the company . Edgemont Pharmaceuticals is a privately held specialty pharmaceutical company focused in…

PE-Backed Luxury Optical Gets Support from Monroe

PE-Backed Luxury Optical Gets Support from Monroe

Monroe Capital has increased its credit facility to Luxury Optical to provide additional capital to support the growth of the company.  Luxury Optical has been a portfolio company of aPriori Capital Partners and Goode Partners since 2006. Luxury Optical is one of the leading retailers of ultra-luxury glasses frames, sunglasses and other eyewear.  The company…

Catalyst Closes Above Target

Catalyst Closes Above Target

Catalyst Investors has held the final close of its fourth fund, Catalyst Investors IV, with $377 million in capital commitments. The new fund closed on March 31st and was oversubscribed and exceeded its $350 million target. “We’re very grateful to our limited partners – both returning and new – for their support through this fundraise,”…

Harbert Closes Third Mezzanine Fund

Harbert Closes Third Mezzanine Fund

Harbert Management Corporation has held a final closing of its third mezzanine debt fund, Harbert Mezzanine Partners III, LP (HMP III) at $165 million.  Commitments to the new fund came from existing investors and new institutional investors including public and private pensions, fund of funds and family offices. The new fund is led by John…

New Platform

Peak Rock Acquires Precision Valve

Peak Rock Capital has acquired Precision Valve Holdings Corporation, a maker of aerosol valves and other custom actuators. Precision Valve’s products are used in a variety of end markets including personal care, household, food &…

Catterton Invests in Pure Barre

Pure Barre, an operator of barre fitness studios, has received a growth capital investment by Catterton Partners.  Barre exercises are a type of physical fitness regime that incorporates postures from ballet, yoga and Pilates in…

Berkshire Partners to Acquire Implus

Berkshire Partners has signed an agreement to acquire a majority equity interest in Implus Corporation, currently a portfolio company of Trilantic North America.  The Implus management team – led by CEO Seth Richards and President…

Add-on

Joshua Adds-on to Precision Machining Platform

Joshua Partners has completed an add-on acquisition for its portfolio company Precision Engineered Technologies with the buy of Ray Industries. Ray Industries is a maker of precision parts and components for the aerospace, defense, medical,…

Peak Rock Acquires Buck Bomb

Hunter’s Specialties, a portfolio company of Peak Rock Capital, has acquired Buck Bomb, a supplier of hunting attractants. Buck Bomb’s product portfolio includes a range of scent attractants and feed attractants for deer, bear, elk,…

GTCR Acquires Colonial Insurance Agency

Assured Partners, an independent insurance agent and a portfolio company of GTCR, has acquired the Colonial Insurance Agency. Colonial Insurance Agency sells traditional property, casualty and workers’ compensation products, along with a number of niche…

Azalea and Argosy Add-on to Ranger Aerospace

Azalea Capital and Argosy Private Equity and have added on to their Ranger AeroSystems platform with an investment in InTech Aerospace. InTech services and refurbishes heavy wear aircraft interior components such as seating, floor panels,…

Exit

Arbor Sells Gold Standard Baking to Tricor Pacific

Arbor Investments has completed the sale of its Fund II portfolio company, Gold Standard Baking, to Tricor Pacific Capital.  The sale of Gold Standard provided Arbor with a 9.4x gross return on its investment. Gold…

Fulcrum Exits Nuheat Industries

Fulcrum Capital Partners has sold its portfolio company Nuheat Industries, a manufacturer of electric radiant floor heating systems and outdoor freeze protection products, to Pentair. Fulcrum’s third fund (Fund III) acquired its interest in Nuheat…

Avista Sells Armored AutoGroup to Spectrum Brands

Spectrum Brands has signed an agreement to acquire Armored AutoGroup from Avista Capital Partners for $1.4 billion in cash and assumed debt. Armored AutoGroup is a consumer products company consisting primarily of the Armor All…

Turnbridge Sells ROC to Coral Reef Capital

Turnbridge Capital has sold its portfolio company ROC Service Company to Coral Reef Capital.  Turnbridge and its co-investment partner Swift River Investments acquired ROC in October 2009. ROC is a provider of wellsite and facilities…

Financing

Oxford Ups Term Loan to Edgemont Pharmaceuticals

Oxford Finance has closed on $5 million of new debt as an expansion to its existing $10 million senior secured term loan agreement with Edgemont Pharmaceuticals.  The new capital will be used to fund the…

PE-Backed Luxury Optical Gets Support from Monroe

Monroe Capital has increased its credit facility to Luxury Optical to provide additional capital to support the growth of the company.  Luxury Optical has been a portfolio company of aPriori Capital Partners and Goode Partners…

ORIX Expands NY Leveraged Finance Team

ORIX USA has expanded its leveraged finance team with the hiring of Ben Harris as a new Director.  Mr. Harris will be responsible for new business development. Prior to joining ORIX USA, Mr. Harris was…

GE Backs Trinity Hunt’s Buy of America’s Auto Auction

GE Capital has provided financing as part of an $88 million senior secured credit facility to support the acquisition of America’s Auto Auction (AAA) by Trinity Hunt Partners.  CEO Ben Lange and CFO Dustin Miller will…

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