Transactions

H.I.G. Exits AMPAC Fine Chemicals

H.I.G. Capital has agreed to sell AMPAC Fine Chemicals to South Korean conglomerate SK Holdings. AMPAC Fine Chemicals (AFC) is a supplier of high value-added active pharmaceutical ingredients and intermediates used in treating diseases such as cancer, central nervous system (CNS) disorders and certain viral infections. Customers of AFC include blue-chip pharmaceutical and biotech companies.…

LFM Acquires Niche Trailer Maker

LFM Capital has acquired Pratt Industries, a designer and manufacturer of trailers and chassis used in niche applications. Pratt’s products include intermodal chassis, heavy haul trailers, housing and construction trailers, and logging and mining trailers. According to Pratt, the company’s products are in use in every major trucking fleet in the US and are in…

Arsenal Adds to Carolina Color

Carolina Color, a portfolio company of Arsenal Capital Partners since October 2017, has acquired Chroma Corporation. Chroma is a manufacturer of custom formulated masterbatch colors, dry colors, additive concentrates, and pre-color compounds. The company’s products are used in a range of applications in the packaging, electronic, safety, automotive, recreational, medical, and consumer products industries. Chroma…

Gridiron Enters Hospitality Services Sector

Gridiron Capital has acquired The Service Companies, a provider of outsourced services to the hospitality industry. The Service Companies (TSC) is comprised of Heart of House Services, Acrobat Outsourcing, and JRS International and provides a range of services including housekeeping and stewarding, public and casino area cleaning, kitchen cleaning, window and chandelier cleaning, pressure washing,…

Aurora Buys Inhance from Arsenal

Aurora Capital Partners has acquired Inhance Technologies from Arsenal Capital Partners. Inhance Technologies provides services that are used to increase the performance of post mold plastics and composites. The company’s services include post-mold fluorination where plastic containers are exposed to fluorine gas in a sealed reactor. Fluorine atoms bond to the plastic, creating a permanent…

MPE Adds Again to Polytek

Polytek Development Corp., a portfolio company of MPE Partners, has acquired Alumilite Corporation. This is the third add-on acquisition for Polytek since being acquired by MPE in August 2015. Alumilite is a formulator and supplier of mold making and casting materials to the hobby, craft, education, and do-it-yourself consumer end markets. The company’s products include…

News

Clearview Closes New Equity and Mezz Funds

Clearview Closes New Equity and Mezz Funds

Clearview Capital has held a first and final closing for Clearview Capital Fund IV LP with $550 million of capital commitments, and Clearview Capital Mezzanine Fund I LP with $108…

Beekman Hits Hard Cap After Six Months

Beekman Hits Hard Cap After Six Months

The Beekman Group has held a final closing of Beekman Investment Partners IV LP at its $425 million hard cap. The new fund’s initial target was $375 million. According to…

Thompson Street Hits Hard Cap

Thompson Street Hits Hard Cap

Thompson Street Capital Partners has held a final closing of its fifth fund, Thompson Street Capital Partners V LP (TSCP V), at the hard cap of $1.15 billion. The new…

CIVC Hires Nick Canderan

CIVC Hires Nick Canderan

CIVC Partners has hired Nicholas Canderan as Director of Business Development. Mr. Canderan will lead CIVC’s origination, marketing and business development efforts focused on investment banks, brokers, executives, and other…

Platinum Closes Lower Middle Market Fund

Platinum Closes Lower Middle Market Fund

Platinum Equity has held a first and final oversubscribed close of Platinum Equity Small Cap Fund LP, the firm’s inaugural fund to target investments in the lower middle market, at…

Ironwood Closes Largest Fund

Ironwood Closes Largest Fund

Ironwood Capital has closed its latest fund, Ironwood Mezzanine Fund IV LP, above its $400 million target. Limited partners in the new fund include over 40 domestic insurance companies, banks…

AEI Closes Fund II at Hard Cap

AEI Closes Fund II at Hard Cap

AE Industrial Partners (AEI) has held a final closing of its second private equity fund, AE Industrial Partners Fund II LP, with $1.36 billion in commitments. The new fund exceeded…

Cornell Closes Inaugural Fund

Cornell Closes Inaugural Fund

Cornell Capital has held a final closing of its inaugural private equity fund, Cornell Capital Partners LP, with total capital commitments of $1.325 billion. Cornell Capital was founded in 2013…

New Platform

LFM Acquires Niche Trailer Maker

LFM Acquires Niche Trailer Maker

LFM Capital has acquired Pratt Industries, a designer and manufacturer of trailers and chassis used in niche applications. Pratt’s products include intermodal chassis, heavy haul trailers, housing and…

Gridiron Enters Hospitality Services Sector

Gridiron Enters Hospitality Services Sector

Gridiron Capital has acquired The Service Companies, a provider of outsourced services to the hospitality industry. The Service Companies (TSC) is comprised of Heart of House Services, Acrobat…

Aurora Buys Inhance from Arsenal

Aurora Buys Inhance from Arsenal

Aurora Capital Partners has acquired Inhance Technologies from Arsenal Capital Partners. Inhance Technologies provides services that are used to increase the performance of post mold plastics and composites.…

IOP Merges Two of its Companies

IOP Merges Two of its Companies

Industrial Opportunity Partners (IOP) has merged two of its Fund II portfolio companies, Betty Machine Company and GT Technologies. IOP acquired Betty Machine in July 2013 and GT…

Canopy and Assurance Invest in Turtle

Canopy and Assurance Invest in Turtle

Canopy Capital Partners has made an investment in Turtle Southeast. Assurance Mezzanine Fund co-invested in this transaction with Canopy and provided both mezzanine debt and equity. Turtle is…

Exit

Svoboda Sells SWC to BDO

Svoboda Sells SWC to BDO

Svoboda Capital Partners has sold SWC Technology Partners, acquired in August 2014, to BDO USA. SWC Technology Partners…

Berwind Acquires Maxcess

Berwind Acquires Maxcess

Bertram Capital has sold its web-handling equipment maker Maxcess International to Berwind Corporation, a family office based in Philadelphia.…

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