Transactions

Gen Cap Exits Aero Systems

After just over a five-year hold, Gen Cap America has sold Aero Systems Engineering to Calspan Technology. Aero Systems Engineering (ASE) designs, builds and upgrades jet engine testing and wind tunnel facilities, and provides lab testing services and equipment (thrust stands, engine adapters, universal test components) for jet engines and airframes. ASE’s products and services…

Arlington Carves Again from Triumph

Publicly traded Triumph Group has agreed to sell its aerospace composites operations to Arlington Capital Partners. The Triumph composites operations (TCO) – with locations in Milledgeville, Georgia (650,000 sq. ft.) and Rayong, Thailand (135,000 sq. ft.) – provide structural and engine composite fabrications and assemblies to commercial, business jet, and defense platforms including the Boeing…

Riverside Building Flavors Platform

National Flavors, a portfolio company of The Riverside Company, has acquired GSB & Associates. The buy of GSB is the first add-on for National Flavors since being acquired by Riverside in March 2020. GSB specializes in custom flavors used in the food, beverage (alcoholic and non-alcoholic), baking, confectionery, nutraceutical, and aromatherapy markets. The company’s flavor…

Madison Dearborn Buys IPL Plastics

Madison Dearborn Partners has partnered with Caisse de dépôt et placement du Québec (CDPQ) to acquire publicly traded IPL Plastics at an enterprise value of $736 million. IPL Plastics (TSX: IPLP) is a maker of packaging used in the food, consumer, agricultural, logistics and environmental end-markets. The company’s products include large format packaging (pails, containers,…

CORE Launches New Metals Services Platform

CORE Industrial Partners has formed Incodema Holdings to acquire sister-companies Incodema, a sheet metal services provider, and Newchem, a provider of photochemical etching services. Incodema provides sheet metal cutting and forming services including laser, micro waterjet, stamping, and welding. The company has capabilities with aluminum, steel and stainless steel, copper, brass, bronze, and other exotic…

Lakeview Banks Big Multiple on UAS Sale

Lakeview Equity Partners has sold its portfolio company, UAS Laboratories, to Chr. Hansen at an enterprise value of $530 million. Lakeview acquired UAS Laboratories in April 2013. United Agricultural Services Laboratories (DBA UAS Laboratories) is a biotechnology company that formulates and markets probiotics for both domestic and international markets. The company’s probiotic fermentation is conducted…

News

New Special Fund for MSD

New Special Fund for MSD

MSD Partners has held a final closing of MSD Special Investments Fund LP with $825 million in capital. The new fund had a target of $500 million. MSD Partners was…

Ocean Avenue Has Hard Cap Close

Ocean Avenue Has Hard Cap Close

Ocean Avenue Capital Partners has closed Ocean Avenue Fund IV LP at its hard cap of $350 million. The new fund had an original target of $300 million. Investors in…

HKW Adds Deal Generation Pro

HKW Adds Deal Generation Pro

Indianapolis-based HKW has added Lilly Green to its team as Vice President of Deal Generation. Ms. Green will be based in HKW’s New York City office. At HKW, Ms. Green…

Pets a Good Bet

Pets a Good Bet

According to a new study by Katten, pet owners’ love for their animals, along with the impact of COVID-19, are among the reasons decision-makers feel bullish about the future of…

Gallant Closes Inaugural Fund

Gallant Closes Inaugural Fund

Gallant Capital Partners has held a final closing of its inaugural fund, Gallant Capital Partners I LP, with $378 million in capital commitments. The firm’s first fund closed at its…

J.F. Lehman Hits Hard Cap

J.F. Lehman Hits Hard Cap

J.F. Lehman & Company has held a final closing of its fifth fund with $1.35 billion of capital. Initially targeting $1.0 billion, JFL Equity Investors V LP, was oversubscribed and…

Shamrock Closes Second Entertainment Content Fund

Shamrock Closes Second Entertainment Content Fund

Shamrock Capital has held a final closing of Shamrock Capital Content Fund II LP with $400 million of capital. New and existing limited partners in Fund II include pension funds,…

Guardian Closes at Hard Cap

Guardian Closes at Hard Cap

Guardian Capital Partners has held an oversubscribed, hard cap, and final close of its third fund, Guardian Capital Partners Fund III LP, with $282 million in capital commitments. Guardian Capital…

New Platform

Arlington Carves Again from Triumph

Arlington Carves Again from Triumph

Publicly traded Triumph Group has agreed to sell its aerospace composites operations to Arlington Capital Partners. The Triumph composites operations (TCO) – with locations in Milledgeville, Georgia (650,000…

Riverside Building Flavors Platform

Riverside Building Flavors Platform

National Flavors, a portfolio company of The Riverside Company, has acquired GSB & Associates. The buy of GSB is the first add-on for National Flavors since being acquired…

Madison Dearborn Buys IPL Plastics

Madison Dearborn Buys IPL Plastics

Madison Dearborn Partners has partnered with Caisse de dépôt et placement du Québec (CDPQ) to acquire publicly traded IPL Plastics at an enterprise value of $736 million. IPL…

CORE Launches New Metals Services Platform

CORE Launches New Metals Services Platform

CORE Industrial Partners has formed Incodema Holdings to acquire sister-companies Incodema, a sheet metal services provider, and Newchem, a provider of photochemical etching services. Incodema provides sheet metal…

CD&R Partners with Cheney Brothers

CD&R Partners with Cheney Brothers

Clayton, Dubilier & Rice has made an investment in Cheney Brothers, a family-owned and operated regional food distributor. In partnership with CD&R, the Cheney family remain majority owners…

Exit

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New Principal at HCAP

New Principal at HCAP

Pets a Good Bet

Pets a Good Bet

Who Are You?

Who Are You?