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Avante Mezzanine Invests in Therapeutic Research Center

Avante Mezzanine Invests in Therapeutic Research Center

Avante Mezzanine Partners has provided subordinated debt and an equity co-investment to Therapeutic Research Center, a portfolio company of Francisco Partners acquired in August 2012. Therapeutic Research Center (TRC) is a research, analytic, and information services company that provides evidence-based drug therapy recommendations for physicians, pharmacists, pharmacy technicians, and other healthcare professionals. The company also…

Riverside Partners Invests in Loftware

Riverside Partners Invests in Loftware

Partners has completed its investment in Loftware, a provider of labeling services.  Over the past few years, Loftware has logged accelerated global market penetration, record sales and profitability. Loftware is a labeling services provider that works with over 5,000 customers, across 25 major industries to meet their customer-specific, geographical and regulatory labeling requirements. The company’s…

Littlejohn & Co. Acquires Northwest Hardwoods

Littlejohn & Co. Acquires Northwest Hardwoods

Littlejohn & Co. has acquired Northwest Hardwoods, a manufacturer and distributor of North American hardwood lumber, from American Industrial Partners (AIP). Northwest Hardwoods (NWH) serves the repair and remodel, residential construction, industrial, and export markets.  The company converts hardwood logs into rough cut and kiln dried lumber, and then planes and sorts the lumber boards…

Ares Management Acquires National Veterinary Associates

Ares Management Acquires National Veterinary Associates

Ares Management has signed an agreement to acquire the parent company of National Veterinary Associates (NVA Holdings), the largest private owner of independent freestanding veterinary hospitals in the United States, from Summit Partners which first invested in the company in 2007.  NVA’s senior management will retain a minority stake. The transaction is expected to close…

Svoboda Capital Acquires Cogniserv

Svoboda Capital Acquires Cogniserv

Databank IMX, a portfolio company of Svoboda Capital Partners, has acquired Cogniserv, a document scanning company.  The transaction is the fifth add-on acquisition for Databank since Svoboda first invested in the company in January 2011. Cogniserv is a document scanning services company, focused on document imaging, workflow, data capture and enterprise content management. The company…

Seacoast Capital Invests in Walden Behavioral Care

Seacoast Capital Invests in Walden Behavioral Care

Seacoast Capital has completed an investment in Walden Behavioral Care, a provider of behavioral health services for individuals with eating disorders. Walden Behavioral Care is a behavioral health organization with multiple levels of care and includes a psychiatric hospital that treats eating disorders and psychiatric disorders. It is the only facility in New England that…

News

Private Equity Distributions Hit an All-Time High in 2013

Private Equity Distributions Hit an All-Time High in 2013

During a 2013 in which low interest rates pushed many investors into equities, the public equity markets saw stellar returns, beating out the performance of investments in US private equity and venture capital for the year. But these alternative assets also fared well, with US private equity and venture capital funds having their best annual…

Yukon Backs Latest Buy of Revelstoke

Yukon Backs Latest Buy of Revelstoke

Yukon Partners has provided subordinated debt and equity to support the acquisition of Schryver Medical by Revelstoke Capital Partners. The management team of Schryver will continue to own a minority interest in the company. “We are once again excited to be partnering with the Revelstoke team.  Their hands-on approach and experience within the healthcare industry…

Lariat Partners Closes First Fund at $118 Million

Lariat Partners Closes First Fund at $118 Million

Lariat Partners has held a final closing of Lariat Partners Fund I, LP at $118 million.  Lariat invests in lower middle market companies that have EBITDA of $2 million to $20 million. The firm expects Fund I to have five platform investments instead of, according to Lariat, the typical 10-12 platforms. “First time funds are…

Summit Partners Raises $1 Billion for Second Credit Fund

Summit Partners Raises $1 Billion for Second Credit Fund

Summit Partners has raised $1 billion for its second credit fund, Summit Partners Credit Fund II, to address the borrowing needs of middle-market companies.  The target for Fund II was $750 million. The new fund will be run from Boston by Managing Directors Todd Hearle and Jamie Freeland and Summit’s dedicated credit team. Investors participating in…

Eureka Promotes Miller to Partner, Adds New Senior Associate

Eureka Promotes Miller to Partner, Adds New Senior Associate

Eureka Growth Capital has promoted Christian Miller to Partner and has added Lisa Harris Millhauser as a new Senior Associate to the firm’s investment team. Mr. Miller joined Eureka in 2005 as a Senior Associate from L.E.K. Consulting’s Boston office and had worked previously with Eureka as a summer intern prior to graduation from business…

Black Diamond New Director for Private Equity Funds

Black Diamond New Director for Private Equity Funds

Black Diamond Capital Management has appointed Samuel Farahnak as a Director in its Private Equity business.  Mr. Farahnak will focus on identifying and evaluating controlling equity investments and M&A opportunities. “Sam’s wealth of experience and industry knowledge will further strengthen our private equity team and expand our sourcing capabilities,” said Stephen Deckoff, Managing Principal of…

New Platform

Avante Mezzanine Invests in Therapeutic Research Center

Avante Mezzanine Partners has provided subordinated debt and an equity co-investment to Therapeutic Research Center, a portfolio company of Francisco Partners acquired in August 2012. Therapeutic Research Center (TRC) is a research, analytic, and information…

Riverside Partners Invests in Loftware

Partners has completed its investment in Loftware, a provider of labeling services.  Over the past few years, Loftware has logged accelerated global market penetration, record sales and profitability. Loftware is a labeling services provider that…

Littlejohn & Co. Acquires Northwest Hardwoods

Littlejohn & Co. has acquired Northwest Hardwoods, a manufacturer and distributor of North American hardwood lumber, from American Industrial Partners (AIP). Northwest Hardwoods (NWH) serves the repair and remodel, residential construction, industrial, and export markets. …

Add-on

Svoboda Capital Acquires Cogniserv

Databank IMX, a portfolio company of Svoboda Capital Partners, has acquired Cogniserv, a document scanning company.  The transaction is the fifth add-on acquisition for Databank since Svoboda first invested in the company in January 2011.…

Riverside Acquires Dean Alert

The Riverside Company has acquired PearServe (DBA DEAN Alert) as the fifth add-on to its Emergency Communications Network (ECN) platform. DEAN Alert provides time-sensitive warnings, information about natural disasters, and other vital information to citizens,…

Baird Capital Acquires Avid Design

Myelin Health, a platform company of Baird Capital, has acquired Avid Design, a provider of online marketing services to healthcare related companies.  The acquisition closed on June 30, 2014. Avid Design provides online marketing, communication,…

Audax Acquires Idle Free Systems

Phillips & Temro Industries (PTI), a portfolio company of Audax Private Equity, has completed the acquisition of Idle Free Systems, a provider of power units to the truck market.  The acquisition of Idle Free Systems…

Exit

Genstar Completes Sale of Evolution1 To WEX

Genstar Capital has completed the previously announced sale of Evolution1, a provider of health payments and technology, to WEX Inc. (NYSE: WEX) for $532.5 million. Evolution1 provides healthcare software and payment solutions that administer and…

RLJ Equity Partners Exits Media Source

RLJ Equity Partners, an affiliate of The RLJ Companies, has completed the sale of its portfolio company Media Source.  RLJ Equity Partners acquired Media Source from the Riverside Company in 2011. Media Source (MSI) is a…

Saw Mill Capital Exits Jason

Saw Mill Capital has sold its portfolio company Jason Incorporated to Quinpario Acquisition Corp. which later changed its name to Jason Industries (NASDAQ: JASN).  Prior to the sale, Jason was owned by a group of…

ABRY Exits York Risk Services Group

ABRY Partners has entered into an agreement to sell its majority equity interest in York Risk Services Group, a provider of risk management, claims management and managed care services, to Onex Corporation for $1.3 billion.…

Financing

Yukon Backs Latest Buy of Revelstoke

Yukon Partners has provided subordinated debt and equity to support the acquisition of Schryver Medical by Revelstoke Capital Partners. The management team of Schryver will continue to own a minority interest in the company. “We…

Golub Capital Backs ILC Industries Refinance

Golub Capital was the Joint Lead Arranger, Joint Bookrunner and Administrative Agent on a $330 million senior credit facility to support the refinancing of ILC Industries, a portfolio company of Behrman Capital. ILC Industries, which…

Monroe Capital Backs Caltius Portfolio Company

Monroe Capital has provided a $14 million senior secured credit facility to support the recapitalization of Starpoint Health, a portfolio company of Caltius Equity Partners. Starpoint is an ambulatory surgery center operator, managing a number…

American Capital Obtains $750 Million Secured Credit Facility

American Capital announced today the closing of a $750 million senior secured revolving credit facility, provided by Bank of America.  The facility, which matures in June 2016, bears interest at a rate of LIBOR plus…

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