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KPS Sells Waupaca Foundry to Hitachi Metals

KPS Sells Waupaca Foundry to Hitachi Metals

KPS Capital Partners has signed an agreement to sell its portfolio company Waupaca Foundry to Hitachi Metals for $1.3 billion in cash.  Completion of the transaction is expected during the fourth quarter. Waupaca Foundry, with annual sales of approximately $1.7 billion, is the largest iron foundry company in the world and produces gray and ductile…

Riverlake Acquires Guerdon Enterprises

Riverlake Acquires Guerdon Enterprises

Riverlake Partners has made a majority equity investment in Guerdon Enterprises, a producer of large multi-unit modular buildings.  Riverlake was joined in its investment by Main Street Capital Corporation which provided a $11.2 million first lien, senior secured term loan and a $2.4 million equity investment. Guerdon Enterprises is one of the largest off-site producers…

CHS Capital Exits Dura-Line

CHS Capital Exits Dura-Line

CHS Capital has reached an agreement to sell Dura-Line, a manufacturer of protective conduits, to Mexichem, S.A.B. de C.V., for a total of $630 million in cash and assumed liabilities.  The transaction is expected to close in the fourth quarter of 2014. Dura-Line is a manufacturer and distributor of communication and energy infrastructure products and…

Linsalata Exits The Home Décor Companies

Linsalata Exits The Home Décor Companies

Linsalata Capital Partners has sold its portfolio company, The Home Décor Companies, to Nielsen Bainbridge Group, a portfolio company of Kohlberg & Company.  Linsalata first invested in Home Décor in June 2004. Home Décor provides a collection of decorative home accessories to retailers throughout North America. Product categories include portable lighting, wall décor, accent furniture,…

Madison Dearborn Exits Schrader

Madison Dearborn Exits Schrader

Madison Dearborn Partners has sold Schrader International, a manufacturer of tire pressure monitoring sensors, to Sensata Technologies, for a total enterprise value of $1 billion.  Schrader is expected to generate approximately $550 million in revenue in 2014 and the purchase price represents just less than a 10x multiple of estimated 2015 stand-alone EBITDA.  The transaction…

GTCR Completes Acquisition of Cole-Parmer

GTCR Completes Acquisition of Cole-Parmer

GTCR has completed its previously announced acquisition of Cole-Parmer Instrument Company from Thermo Fisher Scientific.  GTCR is partnering with life science industry veteran Bernd Brust to carve-out the business from Thermo Fisher. “We are delighted to partner with Bernd Brust as part of GTCR’s Leaders Strategy to acquire Cole-Parmer and carve the business out of…

News

Hastings Closes Fund 3 at $172 Million

Hastings Closes Fund 3 at $172 Million

Hastings Equity Partners has held a final closing of Hastings Equity Fund III, LP (Fund III) with $172 million in commitments. Hastings invests in lower middle-market energy services and equipment companies. Investors in Fund III include one of the largest foundations in the US, a university endowment, a fund-of-funds, and several family offices.  “We appreciate…

James Kuncl Promoted to SVP at TCF Capital Funding

James Kuncl Promoted to SVP at TCF Capital Funding

TCF Capital Funding has promoted James Kuncl to Senior Vice President.  Since joining TCF Capital Funding in March 2012, Mr. Kuncl has been instrumental in building private equity client relationships, structuring transactions, and leading the underwriting process. Prior to joining TCF Capital Funding, Mr. Kuncl held Vice President roles with both MFC Capital Funding and…

Resilience Completes Fourth Add-On for Aero Communications

Resilience Completes Fourth Add-On for Aero Communications

Resilience Capital Partners has acquired Fulton Technologies, a provider of maintenance and aftermarket services to the Midwest wireless industry.  Fulton Technologies is the fourth add-on acquisition completed by Resilience’s Aero Communications platform, which was formed in October 2012. “From the very early days of the Aero platform we understood the importance of reducing risk for…

Bregal Teams Up to Acquire Dental Practices

Bregal Teams Up to Acquire Dental Practices

Bregal Partners has entered into an agreement with Dental Partners, a southeastern dental practice management platform, to pursue and acquire general dentistry-focused practices that have $5 to $25 million in revenue in the Southeast, Texas, and select Midwestern geographies. Dental Partners is a general dentistry-focused dental practice management platform operating in Tennessee, Kentucky, Florida, and…

From Some Things to Everything

From Some Things to Everything

By: Jens Erik Gould - By this point, it’s become rather trite to make sweeping statements about the ever-expanding impact of the Internet. We’ve been hearing it for years. Still, the overcooked notion bears revisiting in light of a pair of new phrases gaining a foothold in the international lexicon of technology. The “Internet of Things”…

GTCR and Former CEO of Medco to Roll-Up Healthcare Information Companies

GTCR and Former CEO of Medco to Roll-Up Healthcare Information Companies

GTCR has entered into a partnership with David Snow, the former Chairman and Chief Executive Officer of Medco, to form Cedar Gate Technologies. The new company will focus on acquiring companies and products in the healthcare information technology (HCIT) industry as part of a strategy to build a market leading healthcare data and analytics company.…

New Platform

Riverlake Acquires Guerdon Enterprises

Riverlake Partners has made a majority equity investment in Guerdon Enterprises, a producer of large multi-unit modular buildings.  Riverlake was joined in its investment by Main Street Capital Corporation which provided a $11.2 million first…

GTCR Completes Acquisition of Cole-Parmer

GTCR has completed its previously announced acquisition of Cole-Parmer Instrument Company from Thermo Fisher Scientific.  GTCR is partnering with life science industry veteran Bernd Brust to carve-out the business from Thermo Fisher. “We are delighted…

Tritium and StepStone Acquire Access Technology Solutions

Tritium Partners and StepStone Group have acquired a majority equity interest in Access Technology Solutions, a provider of cross-border ecommerce services.  Ocean Avenue Capital Partners also participated in the transaction. Access Technology Solutions (ATS) is…

Add-on

Trive Completes Trio of Add-ons for Valence

Trive Capital’s portfolio company, Valence Surface Technologies, has completed three add-on acquisitions with the buys of Pride Plating, Dynamic Paint Solutions, and Coastline Metal Finishing.  Trive acquired Valence Surface Technologies in October 2013. These three…

KT Capital Acquires EquiCross

CableOrganizer.com, a provider of cable management products and a portfolio company of KT Capital, has closed the acquisition of EquiCross, a supplier of products focused on crowd control. EquiCross is a distributor of crowd control,…

GTCR Acquires Nordion

Sterigenics International, a provider of outsourced contract sterilization services and a portfolio company of GTCR, has completed its $826 million acquisition of Nordion. Nordion is a provider of medical isotopes and sterilization technologies that are…

Wicks Capital Partners Acquires Artistic Studios

Bendon, a portfolio company of Wicks Capital Partners, has acquired Artistic Studios, Ltd. The acquisition provides an entry into the premium craft market and adds to Bendon’s position as a leader in the US children’s…

Exit

KPS Sells Waupaca Foundry to Hitachi Metals

KPS Capital Partners has signed an agreement to sell its portfolio company Waupaca Foundry to Hitachi Metals for $1.3 billion in cash.  Completion of the transaction is expected during the fourth quarter. Waupaca Foundry, with…

CHS Capital Exits Dura-Line

CHS Capital has reached an agreement to sell Dura-Line, a manufacturer of protective conduits, to Mexichem, S.A.B. de C.V., for a total of $630 million in cash and assumed liabilities.  The transaction is expected to…

Linsalata Exits The Home Décor Companies

Linsalata Capital Partners has sold its portfolio company, The Home Décor Companies, to Nielsen Bainbridge Group, a portfolio company of Kohlberg & Company.  Linsalata first invested in Home Décor in June 2004. Home Décor provides…

Madison Dearborn Exits Schrader

Madison Dearborn Partners has sold Schrader International, a manufacturer of tire pressure monitoring sensors, to Sensata Technologies, for a total enterprise value of $1 billion.  Schrader is expected to generate approximately $550 million in revenue…

Financing

GE Capital Backs Vista’s Acquisition of AGDATA

GE Capital’s Telecom, Media and Technology financing group served as administrative agent on $69 million of senior secured credit facilities to support the recent acquisition of AGDATA by Vista Equity Partners. GE Capital Markets served…

American Capital Backs TA Buy of Tectum

American Capital was the lead agent and investor on a second lien financing to support the recent acquisition by TA Associates of Tectum Holdings, a manufacturer of pickup truck accessories, from Kinderhook Industries.  American Capital…

Abacus Closes Senior Financing for LuLu’s

Abacus Finance Group served as Administrative Agent and Sole Lead Arranger for senior secured credit facilities to support the leveraged recapitalization of LuLu’s Fashion Lounge by H.I.G. Growth Partners.  In addition to providing the financing,…

Graycliff Backs Argosy Buy of Fairway Building Products

Graycliff Partners has completed a subordinated debt and equity financing in Fairway Building Products to support the purchase of a controlling stake in the company by Argosy Private Equity. Fairway Building Products is a manufacturer…

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