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EDG Partners Invests in MMIS

EDG Partners Invests in MMIS

EDG Partners has made a growth equity investment in MMIS, a provider of software used by pharmaceutical and medical device companies.  The new investment by EDG Partners will help facilitate the continued market growth of MMIS and provide for further enhancement of its current technology position. MMIS provides compliance and business intelligence software for the…

Charlesbank Exits The Princeton Review

Charlesbank Exits The Princeton Review

The Princeton Review, a portfolio company of Charlesbank Capital Partners, has signed an agreement to be acquired by Tutor.com, an operating subsidiary of IAC (NASDAQ: IACI).  The transaction is expected to close on August 1, 2014. “Together with the talented and dedicated management team at The Princeton Review, we have achieved terrific results over the…

Arlington Capital Acquires Global News Intelligence

Arlington Capital Acquires Global News Intelligence

Novetta Solutions, a portfolio company of Arlington Capital Partners, has acquired Global News Intelligence, a sentiment and influence analytics firm that supports commercial and government clients in the US and abroad. “Global News Intelligence is a great fit for Novetta, providing both a differentiated technology solution and new customers that are highly complementary. This acquisition…

Gryphon Completes Sale of Flagstone Foods

Gryphon Completes Sale of Flagstone Foods

Gryphon Investors has completed the sale of its portfolio company Flagstone Foods to TreeHouse Foods for $860 million. This transaction was first announced on July 1, 2014. TreeHouse paid Gryphon Investors and other shareholders $860 million in cash for the business, subject to an adjustment for working capital, and financed the transaction through a combination…

Great Hill Partners Acquires Qualifacts

Great Hill Partners Acquires Qualifacts

Great Hill Partners has acquired Qualifacts Systems, a provider of electronic health records for the behavioral health and human services industries. “Qualifacts has emerged as a recognized leader in behavioral health software, but there’s more we want to do to ensure that our customers are successful for the long-term,” said David Klements, President & CEO…

TA Associates Makes Majority Investment in Tectum

TA Associates Makes Majority Investment in Tectum

TA Associates has completed a majority investment in Tectum Holdings (THI), a manufacturer of pickup truck accessories and a portfolio company of Kinderhook Industries.  Kinderhook will maintain a significant minority interest in THI and will continue to participate on the company’s board of directors. Tectum is a manufacturer of branded light duty truck tonneau covers,…

News

Levine Leichtman Hits 27% IRR on Sale of CPSS

Levine Leichtman Hits 27% IRR on Sale of CPSS

Levine Leichtman Capital Partners (LLCP) has exited its investment in Consumer Portfolio Services realizing a 27% IRR and a 2.3X multiple of invested capital. Consumer Portfolio Services (NASDAQ: CPSS) is a specialty finance company that provides indirect automobile financing to individuals with past credit problems, low incomes or limited credit histories.  The company purchases retail…

Alcentra Capital Backs ACT Lighting

Alcentra Capital Backs ACT Lighting

Alcentra Capital has provided $11.5 million in senior subordinated debt and junior subordinated debt to ACT Lighting, a distributor of lighting controls and a portfolio company of Base Equity Partners. ACT Lighting is a distributor of lighting control consoles, lighting fixtures, and cable for live entertainment events. The company’s services include marketing, selling, supporting and…

Kinderhook Hits 23x on Sale of Tectum

Kinderhook Hits  23x on Sale of Tectum

Kinderhook Industries has sold a majority stake in Tectum Holdings (THI), a manufacturer of pickup truck accessories, to TA Associates.  Kinderhook will maintain a significant minority interest in THI and will continue to participate on the company’s board of directors. THI has been a portfolio company of Kinderhook’s since 2007 and the sale, including prior…

American Capital Has Big First Half of 2014

American Capital Has Big First Half of 2014

American Capital has had a busy first half of 2014.  For the first six months of this year the firm, along with its affiliate European Capital, has invested over $225 million in seven new portfolio companies. The seven new investments were led by American Capital and European Capital offices in the United States and Europe…

New Capital Partners Closes Fund 3 at Hard Cap

New Capital Partners Closes Fund 3 at Hard Cap

New Capital Partners (NCP) has held a final closing of its third private equity fund, New Capital Partners Private Equity Fund III L.P., with $232 million of committed capital.  The fund was significantly oversubscribed, surpassing its $200 million target and reached its fundraising hard cap.  New Capital Partners initiated fundraising for its new fund in…

TriArtisan Capital Hires Scott Lemone

TriArtisan Capital Hires Scott Lemone

Scott Lemone, an investment banker with over 25 years’ experience raising capital for retailers, has joined TriArtisan Capital Partners, the merchant banking arm of Morgan Joseph TriArtisan.  Mr. Lemone will lead the firm’s investment activity in retailing. “Scott has an outstanding background and knowledge of retailing that will be of great value in identifying opportunities…

New Platform

EDG Partners Invests in MMIS

EDG Partners has made a growth equity investment in MMIS, a provider of software used by pharmaceutical and medical device companies.  The new investment by EDG Partners will help facilitate the continued market growth of…

Great Hill Partners Acquires Qualifacts

Great Hill Partners has acquired Qualifacts Systems, a provider of electronic health records for the behavioral health and human services industries. “Qualifacts has emerged as a recognized leader in behavioral health software, but there’s more…

TA Associates Makes Majority Investment in Tectum

TA Associates has completed a majority investment in Tectum Holdings (THI), a manufacturer of pickup truck accessories and a portfolio company of Kinderhook Industries.  Kinderhook will maintain a significant minority interest in THI and will…

Add-on

Arlington Capital Acquires Global News Intelligence

Novetta Solutions, a portfolio company of Arlington Capital Partners, has acquired Global News Intelligence, a sentiment and influence analytics firm that supports commercial and government clients in the US and abroad. “Global News Intelligence is…

Warburg Pincus Acquires Z-Safety Systems

Total Safety, a provider of safety and compliance services and a portfolio company of Warburg Pincus, has acquired Z-Safety Systems (DBA Z-Monitoring) from Z-Group.  Warburg Pincus acquired Total Safety in 2011. Z-Monitoring is the designer…

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.…

Exit

Charlesbank Exits The Princeton Review

The Princeton Review, a portfolio company of Charlesbank Capital Partners, has signed an agreement to be acquired by Tutor.com, an operating subsidiary of IAC (NASDAQ: IACI).  The transaction is expected to close on August 1,…

Gryphon Completes Sale of Flagstone Foods

Gryphon Investors has completed the sale of its portfolio company Flagstone Foods to TreeHouse Foods for $860 million. This transaction was first announced on July 1, 2014. TreeHouse paid Gryphon Investors and other shareholders $860…

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…

Financing

Alcentra Capital Backs ACT Lighting

Alcentra Capital has provided $11.5 million in senior subordinated debt and junior subordinated debt to ACT Lighting, a distributor of lighting controls and a portfolio company of Base Equity Partners. ACT Lighting is a distributor…

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…

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