Transactions

TSG Consumer Buys Pathway Vet

TSG Consumer Partners has acquired a majority stake in Pathway Vet Alliance from Morgan Stanley Capital Partners (MSCP) at an enterprise valuation estimated at more than $2 billion. MSCP acquired Pathway Vet in 2016 and is maintaining a minority interest in the company. Austin-based Pathway Vet operates over 270 general, specialty and emergency practice locations,…

Tengram Closes Buy of High Ridge Brands

Tengram Capital Partners has closed its buy of the hair care and skin cleansing business of High Ridge Brands, a portfolio company of Clayton, Dubilier & Rice. Stamford, Connecticut-based High Ridge Brands was formed by Brynwood Partners in December 2010 to purchase the North American Zest personal cleansing brand from Procter & Gamble and to…

GenNx360 Exits Precinmac

GenNx360 Capital Partners has sold Precinmac Precision Machining to Pine Island Capital Partners and Bain Capital Credit. Compass Partners Capital helped arrange this transaction and is investing alongside Pine Island and Bain Capital. Precinmac is a manufacturer of precision machined components and assemblies used in the semiconductor, oil and gas, commercial aerospace, defense, and industrial…

Mill Point Adds Another to KKSP

KKSP Precision Machining, a portfolio company of Mill Point Capital, has acquired Prime Engineered Components, a maker of metal parts used in the defense, medical, automotive, and aerospace sectors. Prime’s capabilities include screw machining, CNC machining, engineering, cleaning, and assembly of brass, aluminum, stainless steel, steel, nickel alloys, bronze, titanium, and certain plastics including acetal,…

Charlesbank Carves NAM from News Corp

News Corp has agreed to sell its News America Marketing business (NAM) to Charlesbank Capital Partners for $235 million. The consideration for this transaction is comprised of $50 million in cash at closing and deferred cash payments totaling between $125 million and $185 million over the next five years, depending on the timing of such…

Arbor’s Baking Platform Continues to Rise

The Bakery Companies, a portfolio company of Arbor Investments, has acquired Steck Wholesale Foods. Steck is baker and distributor of English muffins and buttermilk biscuits to foodservice, self-distributing retailers, and wholesale distributors nationwide. The company was founded in 2004 and is headquartered in North Sioux City, South Dakota. The Bakery Companies (TBC) manufactures fresh and…

News

Insight Partners Closes Fund XI

Insight Partners Closes Fund XI

Insight Partners has held a final hard cap closing of Insight Partners XI LP at $9.5 billion. The firm’s earlier fund closed with $6.3 billion of capital commitments in 2018.…

Platte River Adds Business Development Pro

Platte River Adds Business Development Pro

Platte River Equity has hired Brian Klaban as the firm’s new Director of Business Development and Debt Capital Markets. Mr. Klaban will lead Platte River’s sourcing, marketing and business development…

Gemspring Closes Fund II

Gemspring Closes Fund II

Gemspring Capital has closed its second fund, Gemspring Capital Fund II LP, with $750 million of capital commitments. Limited partners in the new fund include endowments, foundations, family offices, consultants,…

“Nobody Knows Anything”

“Nobody Knows Anything”

By Andy Greenberg – CEO GF Data® and Greenberg Variations Capital Attempts to gain perspective on the deal market in the midst of coronavirus have reminded me of this ageless observation…

Ampersand Closes Fund X

Ampersand Closes Fund X

Ampersand Capital Partners has closed its latest fund, Ampersand 2020 LP (AMP-20) with $690 million in limited partner commitments. The new fund – Ampersand’s tenth fund since 1992 – was…

Fund V Hits Hard Cap at TorQuest

Fund V Hits Hard Cap at TorQuest

TorQuest Partners has held a final hard-cap closing of TorQuest Partners Fund V LP with C$1.375 billion of committed capital. The new fund closed above its target of $1.1 billion…

Most See Third Quarter Recovery

Most See Third Quarter Recovery

Ernst & Young (EY) has published its latest Capital Confidence Barometer (CCB) that finds business leaders focusing on the impact of COVID-19 on supply chains, revenue and profitability, while also…

New Platform

TSG Consumer Buys Pathway Vet

TSG Consumer Buys Pathway Vet

TSG Consumer Partners has acquired a majority stake in Pathway Vet Alliance from Morgan Stanley Capital Partners (MSCP) at an enterprise valuation estimated at more than $2 billion.…

Charlesbank Carves NAM from News Corp

Charlesbank Carves NAM from News Corp

News Corp has agreed to sell its News America Marketing business (NAM) to Charlesbank Capital Partners for $235 million. The consideration for this transaction is comprised of $50…

Resilience Creates DealerShop

Resilience Creates DealerShop

Resilience Capital Partners has made an investment in Leader Auto Resources. Leader Auto Resources (LAR) is a provider of buying group services, products and equipment used by auto…

Calera Acquires Thayer Power & Communication

Calera Acquires Thayer Power & Communication

Calera Capital has acquired Thayer Power & Communication, a provider of repair, maintenance, and upgrade services to the utility and telecommunications industries. Thayer’s business operations include electric utility…

Exit

GenNx360 Exits Precinmac

GenNx360 Exits Precinmac

GenNx360 Capital Partners has sold Precinmac Precision Machining to Pine Island Capital Partners and Bain Capital Credit. Compass…

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Genstar Promotes Two

Genstar Promotes Two

In the Thermocline

In the Thermocline

BDO Looks at 2020

BDO Looks at 2020

Still the Same

Still the Same