Transactions

Eureka Closes New Fund IV Platform

Eureka Equity Partners has acquired Perfect Creation (DBA iPEC Coaching), a provider of training and certification services to the professional coaching industry. iPEC provides continuing education and certifications to its students through both virtual and live training formats in 20 training locations in North America, Europe, and Asia. iPEC’s areas of specialization include training for…

Turnspire Closes Buy of Goodyear Air Springs

Turnspire Capital Partners has formed Infinity Engineered Products (IEP) to acquire the Goodyear Air Springs business from publicly traded EnPro Industries. Goodyear air springs are used by original equipment manufacturers and fleet operators for trucks, trailers, buses, and specialty vehicles. The company’s products are sold under an exclusive license from Akron-based Goodyear Tire & Rubber which…

Gryphon’s Fund V Acquires Vessco

O2 Investment Partners has sold wastewater equipment distributor Vessco to Gryphon Investors. Vessco is a distributor of parts and equipment used in municipal and industrial water and wastewater treatment projects, and it also provides related systems integration services. The company’s water treatment services include initial consultation and design, installation assistance, field service and parts delivery.…

Berwind Sells WellPet to Clearlake

Clearlake Capital Group has agreed to acquire Wellness Pet Food from Berwind Corporation. WellPet is a supplier of premium pet food and treats under several brand names including Wellness, Old Mother Hubbard, WHIMZEES, Eagle Pack, Holistic Select, and Sojos. According to WellPet, it is the largest independent North America-based pet food manufacturer, producing proprietary formulations…

IOP’s Creative Foam Buys Aetna Felt

Creative Foam Corporation, a portfolio company of Industrial Opportunity Partners, has acquired the assets of Aetna Felt. The buy of Aetna is the first add-on acquisition for Creative Foam since being acquired by IOP in October 2017. Aetna is a converter, fabricator, and distributor of felt and other non-woven materials used in podiatry, foot-care, and…

Gridiron Acquires GSM Outdoors from Sentinel

Gridiron Capital has acquired Good Sportsman Marketing Outdoors (GSM), a provider of accessories used in the hunting, sport shooting, and outdoor enthusiast markets, from Sentinel Capital. GSM is a developer, manufacturer, marketer, and seller of a portfolio of branded hunting and sport shooting products including Stealth Cam (game scouting cameras); Cyclops (specialty outdoor lighting); Walker’s…

News

Live Cat Bounce

Live Cat Bounce

Transactions completed in the third quarter of 2020 suggest a market stunned by the pandemic, but with a cat-like capacity to land on its feet. GF Data’s 228 active private…

Teleo Closes $250 Million Inaugural Fund

Teleo Closes $250 Million Inaugural Fund

TELEO Capital Management has held and oversubscribed hard cap closing of its inaugural fund, TELEO Capital LP, with $250 million of capital. The firm’s first fund received capital from a…

THL Closes New Automation Fund

THL Closes New Automation Fund

Thomas H. Lee Partners (THL) has closed THL Automation Fund LP with $900 million of capital. The new fund invests in partnership with the THL’s flagship funds in companies that…

KKR Forms Medical Device Platform

KKR Forms Medical Device Platform

KKR has partnered with medical device executive Duke Rohlen to form Zeus Health to invest in medical device companies. The formation of Zeus, with $100 million of capital, continues a…

Lincoln – Sponsors and Lenders Beating COVID-19

Lincoln – Sponsors and Lenders Beating COVID-19

Lincoln International has released the results of its third-quarter middle-market index (Lincoln MMI) which tracks changes in the enterprise values of US-based privately-held middle-market companies—primarily those owned by private equity…

HKW Adds Tech-Focused VP

HKW Adds Tech-Focused VP

HKW has hired Rick Ammar as a vice president to assist the firm with its expanding technology efforts. Mr. Ammar is based in HKW’s New York office. Mr. Ammar’s responsibilities…

CIVC Proves There’s Life After Fifty

CIVC Proves There’s Life After Fifty

CIVC Partners has closed its sixth fund, CIVC Partners Fund VI LP, with $525 million of limited partner capital commitments. The new fund had an original target of $450 million…

Fund Six Hits Hard Cap at Carousel

Fund Six Hits Hard Cap at Carousel

Carousel Capital has held a first, final, and hard cap closing of its sixth buyout fund, Carousel Capital Partners VI LP, with $700 million of capital. Carousel completed the raising…

New Platform

Eureka Closes New Fund IV Platform

Eureka Closes New Fund IV Platform

Eureka Equity Partners has acquired Perfect Creation (DBA iPEC Coaching), a provider of training and certification services to the professional coaching industry. iPEC provides continuing education and certifications…

Turnspire Closes Buy of Goodyear Air Springs

Turnspire Closes Buy of Goodyear Air Springs

Turnspire Capital Partners has formed Infinity Engineered Products (IEP) to acquire the Goodyear Air Springs business from publicly traded EnPro Industries. Goodyear air springs are used by original…

Gryphon’s Fund V Acquires Vessco

Gryphon’s Fund V Acquires Vessco

O2 Investment Partners has sold wastewater equipment distributor Vessco to Gryphon Investors. Vessco is a distributor of parts and equipment used in municipal and industrial water and wastewater…

Berwind Sells WellPet to Clearlake

Berwind Sells WellPet to Clearlake

Clearlake Capital Group has agreed to acquire Wellness Pet Food from Berwind Corporation. WellPet is a supplier of premium pet food and treats under several brand names including…

Gridiron Acquires GSM Outdoors from Sentinel

Gridiron Acquires GSM Outdoors from Sentinel

Gridiron Capital has acquired Good Sportsman Marketing Outdoors (GSM), a provider of accessories used in the hunting, sport shooting, and outdoor enthusiast markets, from Sentinel Capital. GSM is…

Exit

Drew Foam Switches Sponsors

Drew Foam Switches Sponsors

Wynnchurch Capital has acquired Drew Foam, a maker of expanded polystyrene foam products, from Branford Castle. Drew Foam’s…

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Live Cat Bounce

Live Cat Bounce