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Huron Acquires Optimum Plastics

Huron Acquires Optimum Plastics

Bloomer Plastics, a portfolio company of Huron Capital Partners, has acquired Optimum Plastics.  Huron acquired Bloomer Plastics in June 2012. Optimum Plastics is a producer of high barrier coextruded blown plastic films. The company is headquartered north of Columbus in Delaware, OH (www.optimumplastics.com). Bloomer Plastics manufactures cast extruded plastic films for use in high performance…

Teachers Acquires Minority Stake in CSC ServiceWorks

Teachers Acquires Minority Stake in CSC ServiceWorks

Ontario Teachers’ Pension Plan has agreed to acquire a 29.7% interest in CSC ServiceWorks, a portfolio company of Pamplona Capital Management. CSC ServiceWorks is the largest North American route-based service provider of multi-family housing and commercial laundry services, as well as a provider of air vending services to convenience stores and gas stations, with more…

TPG Ups Investment in Creative Artists Agency

TPG Ups Investment in Creative Artists Agency

TPG has increased its investment in Creative Artists Agency to a majority position. The new investment provides additional capital and resources for continued growth.  As part of this transaction, CAA’s senior management team will extend currently existing long-term employment contracts. Creative Artists Agency (CAA) is an entertainment and sports firm that represents many of the…

Blue Point Exits Callison Architecture

Blue Point Exits Callison Architecture

Blue Point Capital Partners has sold its portfolio company Callison Architecture to ARCADIS, an asset design and consultancy firm. Callison is a professional architecture and design firm, providing a suite of services including architecture, interior and graphic design. The company provides its services to retail, hospitality, mixed-use, healthcare and corporate projects worldwide.  Callison has more…

Pillsman Partners and RFE Invest in Squan

Pillsman Partners and RFE Invest in Squan

Pillsman Partners has made an investment in Squan Construction Services, an infrastructure services provider.  Pillsman partnered with RFE Investment Partners and Squan management to recapitalize the company and provide funds for future growth. Squan is an infrastructure service provider for wireless telecom carriers, tower companies, neutral host providers, commercial landlords, government entities, universities, healthcare institutions,…

Praesidian Capital Invests in Cohere Communications

Praesidian Capital Invests in Cohere Communications

Praesidian Capital has provided $6.9 million in senior debt and also provided growth capital to support the acquisition by Cohere Communications of Another 9. Cohere Communications provides managed cloud, voice-over-internet protocol (VoIP) and IT services to more than 200 customers globally that are primarily in the financial and media sectors.  Cohere is led by Steven…

News

LFM Capital Closes First Fund at $110 Million

LFM Capital Closes First Fund at $110 Million

LFM Capital has closed its first fund, LFM Capital Partners, LP, with $110.1 million in aggregate capital commitments. “We are very gratified by the level of investor support for LFM’s first fund and the opportunity to partner with a handful of prestigious university endowments,” said Steve Cook, Executive Managing Director.  “We attribute the fund’s extraordinary…

Intralinks Predicts Continued Growth in M&A

Intralinks Predicts Continued Growth in M&A

The Intralinks Deal Flow Predictor, a predictor of future mergers and acquisitions activity, sees future growth in activity over the next six months with M&A volumes in Q1 2015 up 10 to 14 percent year-over-year. The Q1 2015 Intralinks Deal Flow Predictor (“DFP”) points to sustained momentum in M&A activity that will carry into 2015.…

New Lower Mid-Market Lender Launched

New Lower Mid-Market Lender Launched

Tree Line Capital has partnered with Enhanced Capital to launch a lower middle-market direct lending platform for businesses with EBITDA of $2 million to $20 million. The new lender will be led by founding and managing partners Tom Quimby and Jon Schroeder. According to Messrs. Quimby and Schroeder, over the past 20 years, commercial bank…

TCF Capital Backs Dubin Clark’s Restoration Parts Group              

TCF Capital Backs Dubin Clark’s Restoration Parts Group              

TCF Capital Funding has provided the financing to support the refinancing of Restoration Parts Group, a portfolio company of Dubin Clark, and its July 2014 acquisition of The Right Stuff Detailing. Restoration Parts is a platform company owned by Dubin Clark to aggregate manufacturers of classic automotive restoration parts and accessories.  Restoration Parts and owns…

Dealmakers See Mid-Market Activity Increasing

Dealmakers See Mid-Market Activity Increasing

According to an annual survey conducted by the New York chapter of the Association for Corporate Growth, a majority of middle market deal making and corporate professionals believe that middle market transaction activity will increase, despite unsustainable valuations. The survey is based on responses from more than 200 ACG New York members who are leading…

Former CEO of GE Healthcare Joins CD&R

Former CEO of GE Healthcare Joins CD&R

John Dineen, the former CEO of GE Healthcare, has been appointed as an operating advisor to Clayton, Dubilier & Rice.  Beginning early next year, Mr. Dineen will work with CD&R on healthcare-related investments, from sourcing new transactions to advising portfolio company executives on management, operational and growth strategies. Mr. Dineen is a 28-year veteran of…

New Platform

Teachers Acquires Minority Stake in CSC ServiceWorks

Ontario Teachers’ Pension Plan has agreed to acquire a 29.7% interest in CSC ServiceWorks, a portfolio company of Pamplona Capital Management. CSC ServiceWorks is the largest North American route-based service provider of multi-family housing and…

TPG Ups Investment in Creative Artists Agency

TPG has increased its investment in Creative Artists Agency to a majority position. The new investment provides additional capital and resources for continued growth.  As part of this transaction, CAA’s senior management team will extend…

Pillsman Partners and RFE Invest in Squan

Pillsman Partners has made an investment in Squan Construction Services, an infrastructure services provider.  Pillsman partnered with RFE Investment Partners and Squan management to recapitalize the company and provide funds for future growth. Squan is…

Add-on

Huron Acquires Optimum Plastics

Bloomer Plastics, a portfolio company of Huron Capital Partners, has acquired Optimum Plastics.  Huron acquired Bloomer Plastics in June 2012. Optimum Plastics is a producer of high barrier coextruded blown plastic films. The company is…

H.I.G. Acquires Net Trans Services and Worldwide Payment

H.I.G. Capital’s portfolio company Onyx Payments, a payment processor serving hotel and travel agencies, has acquired Norway-based Net Trans Services and Spain-based Worldwide Payment Systems. Net Trans Services provides hotel commission recovery and reconciliation services…

H-D Advanced Manufacturing Acquires Crown Precision

H-D Advanced Manufacturing Company has acquired Crown Precision Machining, a provider of high-precision machining services to manufacturers serving the commercial aerospace and defense industries. H-D was formed in December 2012 by a partnership among The…

GenNx360 Acquires BBI Spreaders

Salford Group, a portfolio company of GenNx360 Capital Partners, has acquired BBI Spreaders, a manufacturer of dry material applicators used in the agriculture, construction, and golf sectors. “This acquisition represents the latest step towards aggressively…

Exit

Blue Point Exits Callison Architecture

Blue Point Capital Partners has sold its portfolio company Callison Architecture to ARCADIS, an asset design and consultancy firm. Callison is a professional architecture and design firm, providing a suite of services including architecture, interior…

Encore Consumer Capital Exits Isopure

Encore Consumer Capital has completed the sale of The Isopure Company, a marketer of sports nutrition products, to Glanbia for $153 million. Encore began marketing Isopure in July 2014. “Isopure’s founder Hal Katz decided to…

American Capital Exits Avalon Laboratories

American Capital has sold its portfolio company Avalon Laboratories to Nordson Corporation for $180 million.  Over the life of its investment, American Capital realized a compounded annual rate of return of 19% on its equity…

Vista Completes Sale of SumTotal Systems

Vista Equity Partners has completed the sale of its portfolio company SumTotal Systems to Skillsoft Corporation, a subsidiary of Skillsoft Limited.  Vista completed a buyout and take-private of SumTotal in July 2009. SumTotal Systems is…

Financing

New Lower Mid-Market Lender Launched

Tree Line Capital has partnered with Enhanced Capital to launch a lower middle-market direct lending platform for businesses with EBITDA of $2 million to $20 million. The new lender will be led by founding and…

TCF Capital Backs Dubin Clark’s Restoration Parts Group              

TCF Capital Funding has provided the financing to support the refinancing of Restoration Parts Group, a portfolio company of Dubin Clark, and its July 2014 acquisition of The Right Stuff Detailing. Restoration Parts is a…

Direct, Co-Investments Drive Shifts in Private Equity

Recent research by Fitch Ratings shows that a growing interest by large limited partners to either co-invest or directly invest in corporate equity financings has led private equity firms to respond by facilitating investments in…

Allstate Adds Staff, Remains Committed to Direct PE Investing

The Allstate Corporation has expanded its senior investment team with the hiring of Russell Mayerfeld as a new senior managing director, reporting to Judith Greffin, chief investment officer. In another personnel move, Peter Keehn has…

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