Transactions

Wind Point Partners Acquires Handgards

Wind Point Partners has acquired Handgards, a manufacturer of disposable products used in the foodservice sector. Handgards’ branded and private label products – sold through an independent sales representative network – include more than 200 types of gloves, bags, protective apparel and flexible packaging that are sold to broadline distributors, group purchasing organizations and national…

AUA Closes Sweet Sale of Indulge

AUA Private Equity Partners has sold Indulge Desserts Holdings to publicly traded Emmi Group. Indulge Desserts was acquired by AUA in June 2016 and is a maker of premium gourmet desserts, offering a full line of American and international/ethnic, all-natural products to the foodservice and retail markets across the US. The company’s portfolio of products…

Gridiron Invests in Cubii

Gridiron Capital has made an investment in Cubii, a direct-to-consumer fitness equipment company, in partnership with the company’s founders and management team. Cubii manufactures and sells compact seated elliptical exercise equipment and accessories. The Chicago-based company was founded in 2014 by the husband-wife team of Arnav Dalmia and Shivani Jain, and entrepreneur Ryota Sekine. Cubii…

Susquehanna Closes Second October Franchise Deal

Susquehanna Private Capital (SPC) has made an investment in Authority Franchise Systems (AFS), a franchisor of pest control services to residential and commercial customers. AFS does business under the Mosquito Authority and Pest Authority brands and has more than 150 franchises in 38 US states, Puerto Rico, and Canada. AFS, headquartered northwest of Charlotte in…

Pritzker Combines Auto Liquid Giants

Pritzker Private Capital (PPC) has agreed to acquire Highline Aftermarket, the leading manufacturer of windshield wash fluids in the US and a portfolio company of The Sterling Group; and Warren Distribution, one of the largest makers of private-label automotive lubricants and chemicals. Warren Distribution’s products include passenger car and small engine motor oils, heavy-duty motor…

Gemspring’s Shrieve Builds Styrene Business

Shrieve Chemical Company, a portfolio company of Gemspring Capital, has acquired the styrene business unit and other assets of CLP Chemicals. Gemspring acquired Shrieve, a distributor of industrial chemicals, fluids, and specialty lubricants, in December 2019. The company sells more than 700 products sourced from over 600 suppliers and is one of the leading distributors…

News

Arbor Grabs $1.7 Billion of Dry Powder

Arbor Grabs $1.7 Billion of Dry Powder

Arbor Investments has closed its fifth fund, Arbor Investments V LP (Arbor V), with $1.5 billion of outside capital commitments. The firm has also closed its second captive subordinated debt…

Cascadia Forms “Industry 4.0” Practice

Cascadia Forms “Industry 4.0” Practice

Cascadia Capital has formed a new investment banking practice dedicated to the robotics, automation, and artificial intelligence (RAAI) sectors. Cascadia’s RAAI practice has been formed in response to the Fourth…

HarbourVest’s Performance Leads to Hard Cap Close

HarbourVest’s Performance Leads to Hard Cap Close

HarbourVest Partners has held an oversubscribed and hard cap close of its latest secondaries fund, Dover Street X LP (Dover X), with $8.1 billion of capital commitments. The hard cap…

Long Ridge Hits Hard Cap

Long Ridge Hits Hard Cap

Long Ridge Equity Partners has held an oversubscribed, hard cap, and final closing of Long Ridge Equity Partners III LP with $445 million of capital commitments. Limited partners in the…

Plexus Above Target on Fund Five

Plexus Above Target on Fund Five

Plexus Capital has held a final above target close of Plexus Fund V LP with $502 million of capital. Like its earlier funds, Fund V will invest up to $40…

Sweetwater’s Secondaries Fund Hits Hard Cap

Sweetwater’s Secondaries Fund Hits Hard Cap

Sweetwater Investment Management has held a hard cap, oversubscribed, and final close of its debut multi-client fund, Sweetwater Secondaries Fund II LP, with $350 million of capital. Sweetwater’s new fund…

Next Year to Bring New Ways for New Deals

Next Year to Bring New Ways for New Deals

Despite the ongoing economic uncertainty from the pandemic, many private equity professionals are optimistic about the outlook for 2021 and are looking to alternative merger and acquisition methods to navigate…

BDO Sees Stronger 2021

BDO Sees Stronger 2021

BDO has just published its U.S. Private Capital Pulse Fall 2020 Survey which finds that even as they prepare for a second wave of the coronavirus, three-quarters of private equity…

New Platform

Wind Point Partners Acquires Handgards

Wind Point Partners Acquires Handgards

Wind Point Partners has acquired Handgards, a manufacturer of disposable products used in the foodservice sector. Handgards’ branded and private label products – sold through an independent sales…

Gridiron Invests in Cubii

Gridiron Invests in Cubii

Gridiron Capital has made an investment in Cubii, a direct-to-consumer fitness equipment company, in partnership with the company’s founders and management team. Cubii manufactures and sells compact seated…

Pritzker Combines Auto Liquid Giants

Pritzker Combines Auto Liquid Giants

Pritzker Private Capital (PPC) has agreed to acquire Highline Aftermarket, the leading manufacturer of windshield wash fluids in the US and a portfolio company of The Sterling Group;…

Heartwood Sees Green in Patten Seed

Heartwood Sees Green in Patten Seed

Heartwood Partners has made an investment in Patten Seed Company in partnership with the company’s multi-generation family and senior management owners. Patten Seed operates seven farms and produces…

Exit

Windjammer Exits AI at 24x

Windjammer Exits AI at 24x

Windjammer Capital has agreed to sell Advanced Instruments to Patricia Industries, a subsidiary of industrial holding company Investor…

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