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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,…

Peak Rock Acquires Buck Bomb

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, moose, coyote, fox, and hog. The company also sells a variety of related hunting accessories. The company’s products are sold…

LOFA Industries Acquired by Hunters Gate

LOFA Industries Acquired by Hunters Gate

Hunters Gate Holdings has acquired LOFA Industries, a maker of control systems for off-highway engine driven equipment. LOFA Industries manufactures engine controls, wire harnesses and other accessories that are sold to high and low-volume manufacturers of off-highway engine driven equipment. The company’s products are known for making complicated electronically governed engines easy to use and…

Avista Sells Armored AutoGroup to Spectrum Brands

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 and STP brands – two of the most recognizable brands in the automotive aftermarket – and the A/C PRO brand…

News

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…

Amherst Adds Two Associates from SRR

Amherst Adds Two Associates from SRR

Investment bank Amherst Partners has added two new associates to its staff with the hirings of Ryan McLean and Maxim Ananich. Both are based in the firm’s suburban Detroit office of Birmingham and began work at Amherst last month. Mr. McLean provides sell-side, buy-side and cross-border transaction advisory services to owners of closely-held businesses.  He…

Altegris Launches KKR Commitments Fund

Altegris Launches KKR Commitments Fund

Alternative investor Altegris has launched the Altegris KKR Commitments Fund (the “Fund”). The Fund will allow accredited investors to invest in certain KKR investments by committing to three different forms of private equity – primaries, secondaries and co-investments. A key factor in this new fund is the required minimum investment of $25,000, a lower minimum…

New Platform

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…

LOFA Industries Acquired by Hunters Gate

Hunters Gate Holdings has acquired LOFA Industries, a maker of control systems for off-highway engine driven equipment. LOFA Industries manufactures engine controls, wire harnesses and other accessories that are sold to high and low-volume manufacturers…

Colville and Brookside Acquire Northeast Battery

Colville Capital has acquired Northeast Battery & Alternator, a distributor of industrial and light motive batteries.  Brookside Mezzanine Partners provided subordinated debt and made an equity co-investment to back the acquisition of the company. Northeast…

Add-on

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,…

Riverside Acquires Message On Hold Plus

Riverside is continuing the build of its Spectrio on-hold marketing messaging platform with the buy of Message On Hold Plus (MOHPlus). MOHPlus provides on-hold messaging at approximately 1,500 locations and it provides additional services including…

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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