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Cortec Group Acquires Urnex

Cortec Group Acquires Urnex

Cortec Group has acquired Urnex Brands, a maker of coffee machine cleaning products that are used in commercial and household applications. Urnex manufactures a portfolio of coffee machine cleaning, descaling and sanitizing products in a variety of forms – such as liquid, tablet, or powder – which are sold under the Urnex, Puro, and Full…

Sycamore Sells Jones New York to Leonard Green

Sycamore Sells Jones New York to Leonard Green

Sycamore Partners has sold Jones New York – one of many fashion brands it acquired in a December 2013 transaction with The Jones Group – to Authentic Brands Group (ABG), a portfolio company of Leonard Green & Partners.  In January 2015, Sycamore Partners announced that it was examining strategic alternatives for the Jones New York…

Charlesbank Exits OnCore

Charlesbank Exits OnCore

Charlesbank Capital Partners has sold its portfolio company OnCore Manufacturing, a provider of electronic manufacturing services, to NATEL Engineering Company. Charlesbank acquired OnCore from Golden Gate Capital and Celerity Partners in December 2010.   OnCore was formed by Golden Gate and Celerity through the merger of Nu Visions Manufacturing and Veritek Manufacturing in January 2008. Today,…

DFW Exits Metanexgen

DFW Exits Metanexgen

DFW Capital Partners has completed the sale Metanexgen, a marketing services company serving the life sciences industry, to Insignia Capital Group. DFW acquired Meta Pharmaceutical Services, a provider of data-driven email and direct mail marketing services, from its founders in August 2010.  In June 2013 the company merged with NexGen RxMarketing, a provider of online…

Salt Creek Acquires CourseTrends

Salt Creek Acquires CourseTrends

Salt Creek Capital has acquired CourseTrends, a provider of online marketing services to operators of golf facilities. The customers of CourseTrends utilize the company’s products to maximize revenues and provide golfers access to online tee-time bookings across all 50 states through its Golf18network website (www.golf18network.com). “CourseTrends enables course operators to increase revenues and operate more…

TPG Acquires Cirque du Soleil

TPG Acquires Cirque du Soleil

Cirque du Soleil, a producer of high-quality live artistic entertainment, has signed an agreement under which TPG will acquire a majority stake in Cirque du Soleil.  Fosun, one of China’s leading investment groups, will acquire a minority stake in Cirque du Soleil.  TPG and Fosun intend to expand the performances of Cirque du Soleil into…

News

Goldman: Insurers to Up Private Equity and Middle Market Lending Allocations

Goldman: Insurers to Up Private Equity and Middle Market Lending Allocations

Goldman Sachs Asset Management’s (GSAM) latest insurance survey, “Too Much Capital, Too Little Return,” reveals that while insurers believe the industry is well capitalized, finding attractive investments is challenging in an investment environment characterized by negative yields, tight spreads, and high equity prices. In response, according to the survey, insurers will increase allocations to less…

Svoboda Portfolio President Newest Managing Director

Svoboda Portfolio President Newest Managing Director

Tom Brooker has joined Svoboda Capital Partners as a Managing Director and Operating Partner. Mr. Brooker previously served as President and CEO of GPA Holdings, a marketer and value-added distributor of specialty printable substrates and a portfolio company of Svoboda Capital. “We are excited to have Tom join the Svoboda Capital team. He brings 35…

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

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 remain as shareholders of AAA and will continue to run the business. GE Capital Markets served as co-lead arranger and…

Boathouse Closes Fund II at $230 Million

Boathouse Closes Fund II at $230 Million

Boathouse Capital has held a final close on Boathouse Capital II at $230 million.  This is Boathouse Capital’s second SBIC fund. “We are thankful to our returning investors who have supported us from the outset and to our new investors with whom we look forward to building long-term relationships,” said Ken Jones, Managing Partner at…

Lexington Closes Largest Ever Secondary Fund

Lexington Closes Largest Ever Secondary Fund

Secondary acquisition fund manager Lexington Partners has held a final close of Lexington Capital Partners VIII, LP (LCP VIII) at its $10.1 billion hard cap.  According to Lexington, the new fund is the largest dedicated secondary fund ever raised.  The firm’s earlier fund, LCP VII, closed with $7.1 billion in commitments in 2011. LCP VIII…

Babson Backs Wingate’s Add-On

Babson Backs Wingate’s Add-On

Babson Capital Management has provided subordinated debt and made an equity co-investment to support Dunn Paper’s acquisition of the Specialty Mills business of Clearwater Paper Corporation (NYSE: CLW). Dunn Paper is a portfolio company of Wingate Partners and was acquired in July 2010 from Meriturn Partners. The add-on acquisition of the Specialty Mills business –…

New Platform

Cortec Group Acquires Urnex

Cortec Group has acquired Urnex Brands, a maker of coffee machine cleaning products that are used in commercial and household applications. Urnex manufactures a portfolio of coffee machine cleaning, descaling and sanitizing products in a…

Salt Creek Acquires CourseTrends

Salt Creek Capital has acquired CourseTrends, a provider of online marketing services to operators of golf facilities. The customers of CourseTrends utilize the company’s products to maximize revenues and provide golfers access to online tee-time…

TPG Acquires Cirque du Soleil

Cirque du Soleil, a producer of high-quality live artistic entertainment, has signed an agreement under which TPG will acquire a majority stake in Cirque du Soleil.  Fosun, one of China’s leading investment groups, will acquire…

Add-on

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…

Audax Acquires Medical Measurement Systems

LABORIE Medical Technologies, a portfolio company of The Audax Group, has acquired Medical Measurement Systems a developer and distributor of medical diagnostic systems. “This is a very strategic acquisition for LABORIE,” said Brian Ellacott, LABORIE…

Brazos Continues the Build of BlackHawk

BlackHawk Industrial Distribution, a portfolio company of Brazos Private Equity Partners, has completed the acquisitions of Packaging, Inc. and Pioneer Tool Supply, the 11th and 12th add-on acquisitions completed by BlackHawk since its formation by…

Exit

Sycamore Sells Jones New York to Leonard Green

Sycamore Partners has sold Jones New York – one of many fashion brands it acquired in a December 2013 transaction with The Jones Group – to Authentic Brands Group (ABG), a portfolio company of Leonard…

Charlesbank Exits OnCore

Charlesbank Capital Partners has sold its portfolio company OnCore Manufacturing, a provider of electronic manufacturing services, to NATEL Engineering Company. Charlesbank acquired OnCore from Golden Gate Capital and Celerity Partners in December 2010.   OnCore was…

DFW Exits Metanexgen

DFW Capital Partners has completed the sale Metanexgen, a marketing services company serving the life sciences industry, to Insignia Capital Group. DFW acquired Meta Pharmaceutical Services, a provider of data-driven email and direct mail marketing…

Harvest Sells Driven Brands to Roark

Driven Brands, a portfolio company of Harvest Partners, has been sold to Roark Capital Group.  Harvest Partners acquired Driven Brands in December 2011. Driven Brands is a leading franchisor in the automotive aftermarket services industry.…

Financing

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…

Babson Backs Wingate’s Add-On

Babson Capital Management has provided subordinated debt and made an equity co-investment to support Dunn Paper’s acquisition of the Specialty Mills business of Clearwater Paper Corporation (NYSE: CLW). Dunn Paper is a portfolio company of…

Riley Jumps into Senior Debt

B. Riley Financial has formed Great American Capital Partners, LLC (GACP) in partnership with Corporate Capital Trust, a business development company advised by CNL Financial Advisors Company, and KKR Credit Advisors. GACP will provide asset-based…

Ares Acquires Portfolio of First Capital, Management Team Joins Ares

Ares Management has signed an agreement to acquire the asset-based lending portfolio of First Capital Holdings, a commercial finance company and a portfolio company of H.I.G Capital that provides asset-based loans and factoring to small…

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