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Lindsay Goldberg Acquires Schur Flexibles Group

Lindsay Goldberg Acquires Schur Flexibles Group

Lindsay Goldberg has agreed to acquire Schur Flexibles Group, a manufacturer of flexible packaging products. Schur Flexibles Group manufactures packaging – using paper, plastic and aluminum – that is used in the meat and cheese; confectionary; pharmaceutical specialties; and tobacco sectors. In 2015, the company had revenues of approximately €370 million ($406 million), half of…

ICV Acquires Universal Turbine Parts

ICV Acquires Universal Turbine Parts

ICV Partners has acquired Universal Turbine Parts, a distributor, refurbisher and seller of turboprop engine components and engines. Farol Asset Management and Neuberger Berman Private Equity co-invested with ICV on this transaction.  Universal Turbine Parts has been a portfolio company of Golder Hawn Johnson & Morrison since December 2012. Universal Turbine Parts (UTP) is one…

Genstar Buys Custom Blow Molding

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 a supplier of plastic containers and closures used in the sports nutrition market. CBM’s management team – led by President…

Ancor and Merit Exit Bakewise

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 2010 as the corporate identity for Fleischer’s Bagels, which they acquired in 2005, and Tom Cat Bakery, which they acquired…

The Jordan Company Buys Mallet

The Jordan Company Buys Mallet

Vantage Specialty Chemicals, a portfolio company of The Jordan Company, has agreed to acquire Mallet and Company from ICV Partners which acquired the company in October 2010. Mallet & Company is a manufacturer of oils, ingredients and equipment sold to the commercial baking industry. Products include food grade release compounds; edible oils and specialty blends;…

Mainsail Partners Acquires Traker Systems

Mainsail Partners Acquires Traker Systems

3PL Central, a provider of cloud-based third party logistics and warehouse management software, has acquired Traker Systems (iTracker), a provider of cloud-based inventory control software. 3PL Central has been a portfolio company of Mainsail Partners since November 2015. With this add-on acquisition, the combined companies will now deliver a suite of warehouse management, inventory control…

News

Evercore Spins Out Mexican Private Equity Business

Evercore Spins Out Mexican Private Equity Business

Investment bank Evercore and the principals of its Mexican private equity business, Evercore Mexico Capital Partners, have agreed to transfer control of the business to a new entity formed by the principals. The Evercore Mexico Capital Partners (EMCP) team, led by Alfredo Castellanos, has formed Glisco Partners to assume all responsibility for management of the…

New PE Firm formed in Florida

New PE Firm formed in Florida

Harbor Beach Capital, a lower middle market private equity firm has been founded by Brian Urbanek, a former managing director at Sun Capital Partners. Joining Mr. Urbanek in forming Harbor Beach are Craig Farlie and Mike Turner – co-founders, partners and managing directors of Farlie Turner & Co., a Fort Lauderdale-based investment bank; and Erik…

AB-PCI Growing and Enhances Midwest Coverage

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 lending platform of asset manager AB (formerly known as AllianceBernstein). All new team members will be based in Austin, focusing…

Loren Boston Joins MVision

Loren Boston Joins MVision

Placement agent MVision Private Equity Advisers has hired Loren Boston as a senior managing director. Mr. Boston will be working from MVision’s New York office. Mr. Boston was most recently President and COO of Hycroft – a specialized investment bank – and for fifteen years prior to that Mr. Boston focused exclusively on fund raising…

Arbor Closes on $890 Million

Arbor Closes on $890 Million

Arbor Investments has closed its fourth equity fund, Arbor Investments IV, LP, with$765 million of capital and its first subordinated debt fund, Arbor Debt Opportunities Fund I, LP (DOF I), with $125 million of capital. Fundraising was completed in just 90 days and both funds were significantly oversubscribed. “Our investment philosophy and operating orientation continues…

CalPERS Names New CEO

CalPERS Names New CEO

The California Public Employees’ Retirement System (CalPERS) has named Marcie Frost as the pension fund’s new chief executive officer. Her career includes executive level positions in public pension administration, human resources, and information technology. CalPERS is the largest defined-benefit public pension in the US. As the CEO, Ms. Frost will oversee the system’s operations which…

New Platform

Lindsay Goldberg Acquires Schur Flexibles Group

Lindsay Goldberg has agreed to acquire Schur Flexibles Group, a manufacturer of flexible packaging products. Schur Flexibles Group manufactures packaging – using paper, plastic and aluminum – that is used in the meat and cheese;…

ICV Acquires Universal Turbine Parts

ICV Partners has acquired Universal Turbine Parts, a distributor, refurbisher and seller of turboprop engine components and engines. Farol Asset Management and Neuberger Berman Private Equity co-invested with ICV on this transaction.  Universal Turbine Parts…

Warburg Pincus Acquires Hygiena

Warburg Pincus has agreed to acquire microbiology and life science company Hygiena, a maker of rapid hygiene monitoring systems, environmental collection systems and rapid dilution devices. Hygiena’s monitoring systems can test – in as little…

Add-on

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…

The Jordan Company Buys Mallet

Vantage Specialty Chemicals, a portfolio company of The Jordan Company, has agreed to acquire Mallet and Company from ICV Partners which acquired the company in October 2010. Mallet & Company is a manufacturer of oils,…

Mainsail Partners Acquires Traker Systems

3PL Central, a provider of cloud-based third party logistics and warehouse management software, has acquired Traker Systems (iTracker), a provider of cloud-based inventory control software. 3PL Central has been a portfolio company of Mainsail Partners…

Quad-C Keeps Building Colibri

The Colibri Group, a portfolio company of Quad-C Management, has acquired Securities Training Corporation (STC), a provider of in-person and online financial examination training. STC training includes preparation for Financial Industry Regulatory Authority (FINRA) examinations…

Exit

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…

Spire Sells Rainbow to Quad-C

Spire Capital Partners has sold Rainbow Early Education, a provider of early education services, to Quad-C Management. Spire acquired Rainbow Early Education in 2010 in partnership with Patrick Fenton, Rainbow’s Founder & CEO. During the six-year…

Pfingsten Exits Des-Case

Pfingsten Partners has sold Des-Case Corporation ,a provider of contamination control products used in the industrial lubricants industry, to Industrial Growth Partners. Pfingsten acquired Des-Case in October 2013. Des-Case manufactures desiccant breathers (devices that strip the surrounding…

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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