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Promus Exits LogicMark

Promus Exits LogicMark

LogicMark, a portfolio company of Promus Equity Partners and Generation3 Capital, has been sold to publicly traded NXT-ID for $20,000,000 in cash and $900,000 of stock and warrants. In addition, LogicMark’s selling equity holders may be paid an earn-out of up to $6,500,000 based on achieving certain performance goals within the next 18 months. LogicMark…

AEI Adds-On to Belcan

AEI Adds-On to Belcan

Belcan, a portfolio company of AE Industrial Partners, has acquired Intercom Consulting & Federal Systems. Intercom provides enterprise-level IT services – cyber security, enterprise management, systems engineering and architecture, and network engineering – that support and protect assets and operations for the US federal government. The company was founded in 1992 and is headquartered near…

Platte River Equity Acquires CTS Engines

Platte River Equity Acquires CTS Engines

Platte River Equity has acquired CTS Engines – a provider of maintenance, repair and overhaul (MRO) to owners and operators of commercial jet engines – from Palm Beach Capital. In November 2013, Palm Beach Capital acquired a 60% equity interest in CTS Engines from Neff Capital Management, which retained a 40% ownership interest. CTS provides…

Kinderhook Acquires National Truck Protection

Kinderhook Acquires National Truck Protection

Kinderhook Industries has acquired National Truck Protection from Palladian Capital, Fidus Investment Corporation, Saratoga Investment Corporation, Brookside Mezzanine Partners and management. National Truck Protection (NTP) is a provider of drivetrain warranty coverage for commercial trucks. The company’s warranty products are sold to independent owner-operators of used class 3 through 8 trucks. NTP’s sales network includes…

Genstar’s Infinite RF Buys L-Com Global

Genstar’s Infinite RF Buys L-Com Global

Infinite RF, a portfolio company of Genstar Capital, has acquired L-Com Global Connectivity, a supplier of wired and wireless connectivity products, from Odyssey Investment Partners. L-Com’s products include cable assemblies, connectors, adapters, computer networking equipment as wells as the HyperLink brand of wireless products which includes antennas, RF amplifiers, coaxial lightning and surge protectors, and…

Riverside Acquires N2Y

Riverside Acquires N2Y

The Riverside Company has acquired N2Y, a developer of special education curriculum and special education materials that are used by teachers, speech pathologists, and assistive technology professionals as a resource to help children with special needs to learn through engagement. N2Y’s products include Unique Learning System, a standards-based curriculum program designed for students with special…

News

Chicago Pacific Closes First Fund

Chicago Pacific Closes First Fund

Chicago Pacific Founders has closed its debut fund at its $325 million hard cap. Chicago Pacific was launched in 2014 and invests exclusively in healthcare services companies. Chicago Pacific will invest up to $75 million of equity capital per opportunity in growth, minority recap and buyout transactions for cash flow positive businesses. The new fund…

Marc Chiang Joins Duff & Phelps

Marc Chiang Joins Duff & Phelps

Duff & Phelps has hired Marc Chiang as a new managing director. Mr. Chiang will be active in the firm’s transaction advisory services group with a focus on the technology sector. He will be based in San Francisco/Palo Alto and will work closely with Pagemill Partners, a division of Duff & Phelps that specializes in…

Carlyle Shuffles US Buyout Team

Carlyle Shuffles US Buyout Team

The Carlyle Group has appointed Allan Holt, the current Managing Director and Co-head of the US Buyout team as the firm’s new Chairman of US Buyout and Chairman of the Investment Committee for Carlyle’s US Buyout funds. These are newly created full-time positions. Mr. Holt is succeeded by Carlyle Managing Director Sandra Horbach, formerly Head…

Turnspire Adds Two to Team

Turnspire Adds Two to Team

Turnspire Capital Partners has hired Abel Osorio as a Principal and Maurice Murphy as an Operating Partner. “We are thrilled to welcome Abel and Maurice to Turnspire,” said Turnspire Managing Partner Ilya Koffman. “Both were closely involved in our recent acquisition of United Plastics Group and will bring invaluable experience to the Turnspire portfolio and…

J.F. Lehman & Company Announces Promotions

J.F. Lehman & Company Announces Promotions

Aerospace, defense and maritime focused J.F. Lehman & Company has promoted Glenn Shor to Managing Director, David Thomas to Vice President and R. Benjamin Hatcher to Senior Associate. “Our entire firm is proud of the many accomplishments and professional growth demonstrated by these key team members,” said Louis N. Mintz, Partner.  “Glenn, David and Ben…

HKW Promotes Two

HKW Promotes Two

Hammond, Kennedy, Whitney & Company (HKW) has promoted Kent Robinson to the position of Principal and Ryan Grand to Vice President, Deal Generation. “We are excited to see Kent and Ryan take the next step in their careers at HKW. They have proven themselves to be valuable members of the operations and deal sourcing teams.…

New Platform

Platte River Equity Acquires CTS Engines

Platte River Equity has acquired CTS Engines – a provider of maintenance, repair and overhaul (MRO) to owners and operators of commercial jet engines – from Palm Beach Capital. In November 2013, Palm Beach Capital…

Kinderhook Acquires National Truck Protection

Kinderhook Industries has acquired National Truck Protection from Palladian Capital, Fidus Investment Corporation, Saratoga Investment Corporation, Brookside Mezzanine Partners and management. National Truck Protection (NTP) is a provider of drivetrain warranty coverage for commercial trucks.…

Riverside Acquires N2Y

The Riverside Company has acquired N2Y, a developer of special education curriculum and special education materials that are used by teachers, speech pathologists, and assistive technology professionals as a resource to help children with special…

Add-on

AEI Adds-On to Belcan

Belcan, a portfolio company of AE Industrial Partners, has acquired Intercom Consulting & Federal Systems. Intercom provides enterprise-level IT services – cyber security, enterprise management, systems engineering and architecture, and network engineering – that support…

Genstar’s Infinite RF Buys L-Com Global

Infinite RF, a portfolio company of Genstar Capital, has acquired L-Com Global Connectivity, a supplier of wired and wireless connectivity products, from Odyssey Investment Partners. L-Com’s products include cable assemblies, connectors, adapters, computer networking equipment…

Ronnoco Acquires Black Waters Coffee

Ronnoco Coffee, a portfolio company of Huron Capital Partners, has acquired the route business of Black Waters Coffee Company. Black Waters Coffee services convenience store and foodservice accounts in southern and central Wisconsin. “This purchase…

Genstar Buys Custom Blow Molding

Pretium Packaging, a supplier of blow molded packaging and a portfolio company of Genstar Capital, has acquired Custom Blow Molding. Genstar acquired Pretium Packaging from Castle Harlan in June 2014. Custom Blow Molding (CBM) is…

Exit

Promus Exits LogicMark

LogicMark, a portfolio company of Promus Equity Partners and Generation3 Capital, has been sold to publicly traded NXT-ID for $20,000,000 in cash and $900,000 of stock and warrants. In addition, LogicMark’s selling equity holders may…

TSG Sells IT Cosmetics to L’Oréal

TSG Consumer Partners has entered into an agreement to sell IT Cosmetics, a makeup and skincare brand, to L’Oréal for $1.2 billion. TSG acquired a minority interest in IT Cosmetics in 2012 from founders Jamie…

Ancor and Merit Exit Bakewise

Bakewise Brands, a portfolio company of Ancor Capital Partners and Merit Capital Partners, has been sold to Tokyo-based Yamazaki Baking Company, the world’s and Japan’s largest bread-baking company. Merit and Ancor formed Bakewise Brands in…

Leading Ridge Exits Rugby

Leading Ridge Capital Partners has sold Rugby Architectural Building Products to publicly-traded Hardwoods Distribution. Rugby Architectural Building Products (Rugby) is a wholesale distributor of non‐structural architectural grade building products sold to customers that supply end‐products…

Financing

AB-PCI Growing and Enhances Midwest Coverage

AB-Private Credit Investors (AB-PCI) continues to experience strong growth with the recent additions of three vice presidents, nine associates, and a chief of staff, expanding the team to 34 professionals. AB-PCI is the middle market…

Abacus Backs Vicente’s  Portfolio Company

Abacus Finance Group was the Administrative Agent and Lead Arranger for a $23 million senior secured credit facility to support the recapitalization of Global LT, a portfolio company of Vicente Capital Partners. Global LT is…

Abacus Supports One Rock Add-on

Abacus Finance Group was the Administrative Agent and Lead Arranger for a senior secured credit facility to back the buy of Biochemical Diagnostics by Kova International, a portfolio company of One Rock Capital Partners, Laurel…

Maranon Backs New Harbor Buy

Maranon Capital was the provider of a unitranche facility to back last week’s acquisition of Wedgewood Pharmacy by New Harbor Capital. Wedgewood prepares compounded medications for people and their pets when FDA–manufactured drugs cannot meet…

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