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MidOcean Exits Noranco

MidOcean Exits Noranco

MidOcean Partners has reached an agreement to sell aerospace parts maker Noranco to publicly traded Precision Castparts. The firm, along with its co-investor PSP Investments, acquired Noranco in April 2013. Noranco is a supplier of complex machined and sheet metal components, assemblies, and kits for OEMs and Tier I suppliers in the landing gear, aero-structures,…

North Castle Partners Invests in Barry’s Bootcamp

North Castle Partners Invests in Barry’s Bootcamp

North Castle Partners has made an investment in Barry’s Bootcamp, a health and fitness provider of cardio and strength training interval workout programs. Barry’s Bootcamp’s signature hour-long workouts include 25-30 minutes of interval cardiovascular treadmill routines and 25-30 minutes of strength training utilizing free weights, resistance bands, medicine balls and other equipment.  Barry’s Bootcamp’s instructors…

CIC Partners Sells L&L Foods to Charlesbank

CIC Partners Sells L&L Foods to Charlesbank

CIC Partners has sold L&L Foods, a high volume niche food packaging company that specializes in portion control packaging, to Peacock Engineering, a portfolio company of Charlesbank Capital Partners since December 2010.  CIC Partners acquired L&L Foods in October 2012. L&L’s products are primarily used in prepared salad packages and in food-away-from-home venues, such as…

North Castle Invests in SmartyPants

North Castle Invests in SmartyPants

North Castle Partners has made an investment in SmartyPants Vitamins, a developer, marketer and distributor of children’s and adult’s gummy vitamins and supplements.  CircleUp Growth Fund co-invested in this transaction alongside North Castle. SmartyPants Vitamins was founded in 2010 by Co-CEOs Courtney Nichols Gould and Gordon Gould. The company’s core products include Kids Complete, Kids…

Castanea Invests in First Aid Beauty

Castanea Invests in First Aid Beauty

Castanea Partners has acquired a minority interest in First Aid Beauty, a maker and marketer of skincare products. First Aid Beauty, also known as FAB, offers a range of skincare products that include cleansers, exfoliators, moisturizers, serums and masks. FAB products are free of harsh chemicals and known allergens, and address skin concerns such as…

Identity Group Adds-On with Buy of Alchemy

Identity Group Adds-On with Buy of Alchemy

Identity Group Holdings, a portfolio company of Ancor Capital Partners, Merit Capital and PNC Mezzanine, has acquired Alchemy Dimensional Graphics, a maker of architectural signage. Alchemy Dimensional Graphics is a wholesale-only supplier to the architectural signage market.  The company operates a low volatile organic compounds (VOC) emission facility and its colorizing is completed with ultraviolet…

News

The Sterling Group Hits Hard Cap

The Sterling Group Hits Hard Cap

Middle market private equity firm The Sterling Group has closed on $1.25 billion in investor commitments for its most recent fund, Sterling Group Partners IV.  The new fund was oversubscribed and reached its hard cap in just three months.  The majority of Fund IV’s capital was committed by returning investors and a select number of…

Ares Management  and Kayne Anderson to Merge

Ares Management  and Kayne Anderson to Merge

Ares Management and Kayne Anderson Capital Advisors have entered into a merger agreement to create Ares Kayne Management, an alternative asset manager with a combined $113 billion of assets under management. Under the agreement Ares Management will provide $2.5 billion in consideration to Kayne Anderson, the majority of which will be in the form of…

New Head of Mezzanine Named at Madison Capital

New Head of Mezzanine Named at Madison Capital

Madison Capital Funding, an active lender to middle market private equity, has hired Jon Leisinger, Director, as the firm’s new head of Mezzanine Credit.  He is based in the firm’s Chicago office. “We are pleased to welcome Jon to Madison Capital,” said Hugh Wade, Madison Capital Funding’s co-founder and CEO. “His significant experience will help…

Brentwood Recaps Sundance, Pays Dividend

Brentwood Recaps Sundance, Pays Dividend

Brentwood Associates has completed a dividend recapitalization of its portfolio company Sundance Holding Company. Sundance is a multi-channel direct marketer and specialty retailer of apparel and accessories, jewelry and home furnishings. The company’s products are sold through its catalogs, website, an outlet store and retail stores located in Corte Madera, CA and Denver, CO. Sundance…

iLEVEL Sold to Ipreo

iLEVEL Sold to Ipreo

Ipreo, a data and market intelligence provider owned by Blackstone and Goldman Sachs, has acquired iLEVEL, a provider of portfolio monitoring and analytics to financial services companies including private equity firms.  iLEVEL will be merged with Ipreo’s Alternative Assets group to form a new Private Capital Markets division which will be led by Kevin Black,…

New Water Closes Fund I

New Water Closes Fund I

New Water Capital has held a first and final close of its inaugural private equity fund, New Water Capital Partners, LP (Fund I), at its hard cap of $406 million. The firm began fundraising in March with an initial target of $250 million.  Capstone Partners was the placement agent for the new fund. New Water…

New Platform

North Castle Partners Invests in Barry’s Bootcamp

North Castle Partners has made an investment in Barry’s Bootcamp, a health and fitness provider of cardio and strength training interval workout programs. Barry’s Bootcamp’s signature hour-long workouts include 25-30 minutes of interval cardiovascular treadmill…

North Castle Invests in SmartyPants

North Castle Partners has made an investment in SmartyPants Vitamins, a developer, marketer and distributor of children’s and adult’s gummy vitamins and supplements.  CircleUp Growth Fund co-invested in this transaction alongside North Castle. SmartyPants Vitamins…

Castanea Invests in First Aid Beauty

Castanea Partners has acquired a minority interest in First Aid Beauty, a maker and marketer of skincare products. First Aid Beauty, also known as FAB, offers a range of skincare products that include cleansers, exfoliators,…

Add-on

Identity Group Adds-On with Buy of Alchemy

Identity Group Holdings, a portfolio company of Ancor Capital Partners, Merit Capital and PNC Mezzanine, has acquired Alchemy Dimensional Graphics, a maker of architectural signage. Alchemy Dimensional Graphics is a wholesale-only supplier to the architectural…

Revelstoke Completes Two More Add-ons to Schryver

Schryver Medical Sales and Marketing, a portfolio company of Revelstoke Capital Partners, has completed the acquisitions of Main Street Clinical Laboratory and On-Site Imaging Solutions.  These two acquisitions follow Schryver’s January 2015 acquisition of Nashville-based…

Argosy Adds-On to Fairway Building Products

Fairway Building Products, a portfolio company of Argosy Investment Partners, has acquired Carfaro, a manufacturer of aluminum railings used in residential and commercial buildings. The buy of Carfaro is the first add-on acquisition for Fairway…

Morgenthaler Acquires DLH Industries

Bowles Fluidics, a portfolio company of Morgenthaler Private Equity, has acquired DLH Industries, a manufacturer of air and fluid management systems for the automotive industry.  The combined company is now called dlhBOWLES. Bowles Fluidics, acquired…

Exit

MidOcean Exits Noranco

MidOcean Partners has reached an agreement to sell aerospace parts maker Noranco to publicly traded Precision Castparts. The firm, along with its co-investor PSP Investments, acquired Noranco in April 2013. Noranco is a supplier of…

CIC Partners Sells L&L Foods to Charlesbank

CIC Partners has sold L&L Foods, a high volume niche food packaging company that specializes in portion control packaging, to Peacock Engineering, a portfolio company of Charlesbank Capital Partners since December 2010.  CIC Partners acquired…

Swander Pace Sells Merrick Pet Care to Nestlé Purina

Swander Pace Capital has agreed to sell Merrick Pet Care, a maker of natural and organic pet food, to Nestlé Purina PetCare. Other selling shareholders include founder Garth Merrick, Monitor Clipper Partners, and Highland Consumer…

Sun Capital Sells Vari-Form to Crown

Sun Capital Partners has completed the sale of its investment in Vari-Form, a manufacturer of lightweight, hydroformed structural parts, to Crowne Group. Vari-Form manufactures front end structures, cross members, roof rails, frame rails, instrument panel…

Financing

Ares Management  and Kayne Anderson to Merge

Ares Management and Kayne Anderson Capital Advisors have entered into a merger agreement to create Ares Kayne Management, an alternative asset manager with a combined $113 billion of assets under management. Under the agreement Ares…

New Head of Mezzanine Named at Madison Capital

Madison Capital Funding, an active lender to middle market private equity, has hired Jon Leisinger, Director, as the firm’s new head of Mezzanine Credit.  He is based in the firm’s Chicago office. “We are pleased…

Brentwood Recaps Sundance, Pays Dividend

Brentwood Associates has completed a dividend recapitalization of its portfolio company Sundance Holding Company. Sundance is a multi-channel direct marketer and specialty retailer of apparel and accessories, jewelry and home furnishings. The company’s products are…

Behrman Completes Another Dividend Recap For DDC

Behrman Capital has completed a $515 million dividend recapitalization of Data Device Corporation (DDC), a provider of connectivity and power products used in aerospace, defense, and industrial applications. DDC is a designer and manufacturer of…

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