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Mangrove Acquires Dixie Diamond

Mangrove Acquires Dixie Diamond

Mangrove Equity Partners has acquired Dixie Diamond, a manufacturer of consumable diamond blades and diamond core bits. The acquisition of Dixie Diamond by Mangrove closed in December 2015. Dixie Diamond’s blades and bits are used by companies operating in the road repair, infrastructure and commercial construction markets. The company’s products are used for wet cutting…

Insight Exits Flanders

Insight Exits Flanders

Flanders Holdings, a portfolio company of Insight Equity since May 2012, has agreed to be acquired by American Air Filter Company, the US subsidiary of Osaka-based Daikin Industries, for $430 million. Last year, Flanders had revenues of approximately $300 million. The acquisition is expected to close before the end of April 2016. Flanders is a…

Piper and Winona Invest in Monica Vinader

Piper and Winona Invest in Monica Vinader

Monica Vinader, a luxury jewelry brand, has received an investment from Piper Private Equity and Winona Capital. Piper, which specializes in investing in consumer brands, led the investment. Monica Vinader is an affordable luxury jewelry brand based in the UK. The company was founded in 2007 by Monica Vinader to provide a product that would…

Trilantic Invests in 24-7 Intouch

Trilantic Invests in 24-7 Intouch

Private equity firm Trilantic North America has made an investment in 24-7 Intouch, a provider of customer support services. The investment by Trilantic will be used by the company to increase the scale of its operations including investing in new technology, developing new facilities, and adding new management. 24-7 Intouch is a call center outsourcing…

Gridiron Capital Sells ESP/SurgeX

Gridiron Capital Sells ESP/SurgeX

Gridiron Capital has sold its portfolio company ESP/SurgeX to publicly-traded AMETEK. Gridiron first invested in the company in January 2008 when it was known as Electronic Systems Protection. In January 2009 the company completed the add-on acquisition of SurgeX. Today, ESP/SurgeX is a provider of power protection, monitoring, and management products and services that are…

Clearview Acquires PCC Technologies

Clearview Acquires PCC Technologies

GCR, a portfolio company of Clearview Capital, has acquired PCC Technologies, a software-as-a-service company. PCC provides state and local governmental agencies with software that is used for election management and administration, campaign finance, business registration and compliance, and land management. The company has provided its software and services to customers in 23 states. PCC was…

News

Adveq Closes Two New Funds

Adveq Closes Two New Funds

Private equity asset manager Adveq has held a final close of two new funds – Adveq Specialized Investments at €323 million and Adveq Europe Co-Investments at €102 million. The combined €425 million in new capital – provided by institutional limited partners that included pension funds, insurance companies and family offices – will target private equity…

Strattam Adds Operating Partner

Strattam Adds Operating Partner

Strattam Capital, a private equity firm that specializes in business IT companies, has named Ray Villareal as an operating partner. He will be active in both portfolio management and the evaluation of new investment opportunities. Mr. Villareal is the first full-time operating partner at Strattam. Mr. Villareal has held senior level executive and advisor positions…

BDO – Private Equity Activity in Holding Pattern

BDO – Private Equity Activity in Holding Pattern

After private equity activity leveled off in 2015, industry leaders have moderated their expectations for the coming year, according to the seventh annual PErspective Private Equity Study by BDO USA. According to BDO, ninety-five percent of firms surveyed plan to close five deals or less within the coming year, a slightly higher projection than last…

Ex-PE Healthcare Operating Pro Joins Huron Consulting

Ex-PE Healthcare Operating Pro Joins Huron Consulting

Huron Consulting Group, a provider of business consulting services, has hired Michael Taylor as a new managing director in the company’s healthcare strategy practice. Mr. Taylor has more than 20 years of experience in the hospital, physician, payer, employer benefits and life sciences industries. He most recently served as a managing director at Accenture and…

Mason Wells Closes Fund IV

Mason Wells Closes Fund IV

Mason Wells has held a final closing of Mason Wells Buyout Fund IV and its related Executive Buyout Fund IV with total commitments of $615 million.  This fundraise was launched last summer with an initial combined target of $550 million. Mason Wells was founded by John Byrnes, Executive Chairman of the Board and President, who…

Abacus Moves Quickly, Backs Gores Buy of VITAC

Abacus Moves Quickly, Backs Gores Buy of VITAC

Abacus Finance Group was the Administrative Agent and Sole Lead Arranger for $18 million in senior secured credit facilities to support the carve-out of VITAC Corporation, a provider of captioning services to the live and prerecorded television programming and entertainment industries, by The Gores Group. VITAC was a subsidiary of Merrill Corporation. “The transaction was…

New Platform

Mangrove Acquires Dixie Diamond

Mangrove Equity Partners has acquired Dixie Diamond, a manufacturer of consumable diamond blades and diamond core bits. The acquisition of Dixie Diamond by Mangrove closed in December 2015. Dixie Diamond’s blades and bits are used…

Piper and Winona Invest in Monica Vinader

Monica Vinader, a luxury jewelry brand, has received an investment from Piper Private Equity and Winona Capital. Piper, which specializes in investing in consumer brands, led the investment. Monica Vinader is an affordable luxury jewelry…

Trilantic Invests in 24-7 Intouch

Private equity firm Trilantic North America has made an investment in 24-7 Intouch, a provider of customer support services. The investment by Trilantic will be used by the company to increase the scale of its…

Add-on

Clearview Acquires PCC Technologies

GCR, a portfolio company of Clearview Capital, has acquired PCC Technologies, a software-as-a-service company. PCC provides state and local governmental agencies with software that is used for election management and administration, campaign finance, business registration…

J.H. Whitney Acquires Care Unlimited

PSA Healthcare, a portfolio company of J.H. Whitney Capital Partners and a provider of pediatric home care for children with medical complexities, has acquired Care Unlimited, also a provider of pediatric home care. J.H. Whitney…

Bertram Acquires Bur-Lane

Rowmark, a portfolio company of Bertram Capital, has completed the add-on acquisition of Bur-Lane, a distributor of engraving plastic. Rowmark was acquired by Bertram in October 2013 and is the firm’s third platform investment in…

H.I.G.’s Ship Supply Buys Alliance Supply

H.I.G. Capital’s portfolio company Ship Supply International has acquired Alliance Supply Management, a provider of port logistics services. Alliance Supply Management provides last-mile delivery of deck & engine maintenance products and perishable goods to commercial…

Exit

Insight Exits Flanders

Flanders Holdings, a portfolio company of Insight Equity since May 2012, has agreed to be acquired by American Air Filter Company, the US subsidiary of Osaka-based Daikin Industries, for $430 million. Last year, Flanders had…

Gridiron Capital Sells ESP/SurgeX

Gridiron Capital has sold its portfolio company ESP/SurgeX to publicly-traded AMETEK. Gridiron first invested in the company in January 2008 when it was known as Electronic Systems Protection. In January 2009 the company completed the…

MidOcean Sells The Allant Group

The Allant Group, a portfolio company of MidOcean Partners since October 2009, has been acquired by Vencap Technologies. Allant Group is an IT services company that provides data aggregation and data analytics to companies that…

Silver Oak Sells NDC to Court Square

Silver Oak Services Partners has completed the sale of NDC, a healthcare products distributor it purchased in February 2010, to Court Square Capital Partners. NDC is a distributor of branded and private label medical supplies…

Financing

Abacus Moves Quickly, Backs Gores Buy of VITAC

Abacus Finance Group was the Administrative Agent and Sole Lead Arranger for $18 million in senior secured credit facilities to support the carve-out of VITAC Corporation, a provider of captioning services to the live and…

Twin Brook Adds New Healthcare Pro

Twin Brook Capital Partners – the middle market direct lending subsidiary of Angelo, Gordon & Co. – has hired Faraaz Kamran, a former Managing Director and Group Head of Healthcare Leveraged Finance at Madison Capital…

Abacus Backs WestView Investment in ALKU

Abacus Finance Group was the Administrative Agent and Joint Lead Arranger for the senior secured credit facilities used to support the recapitalization of ALKU by WestView Capital Partners in December 2015. “Selecting Abacus for this…

Babson Backs Bakery Buy

Babson Capital Management was the agent on a senior secured credit facility to support Gryphon Investors’ majority investment in The Original Cakerie. The Original Cakerie is a manufacturer of frozen desserts sold into the North…