Transactions

SBJ Buys The Perfect Purée

Spanos Barber Jesse & Co. (SBJ) has made an investment in The Perfect Purée, a maker of fruit and vegetable purées. The Perfect Purée (TPP) was founded by Tracy Hayward in 1988 and is led by senior executives Medhane Kidane, Michele Lex, and Mark Smith. These managers have retained their ownership interest in the company…

CORE Industrial Partners Acquires J&K Ingredients

CORE Industrial Partners has acquired J&K Ingredients, a maker of mold inhibitors used in the baking industry, from privately held Sausville Foods. J&K’s bakery ingredients total more than 400 SKUs in 13 categories including bread and roll bases, dough conditioners, milk replacers, flavors, emulsions and stabilizers. J&K’s customers include large bakery companies, commercial bakeries, and…

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…

News

Thoma Bravo Hits Hard Cap Trifecta

Thoma Bravo Hits Hard Cap Trifecta

Thoma Bravo, an active investor in the software and technology sectors, has completed fundraising for three funds totaling more than $22.8 billion in capital commitments: Each of the three new…

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…

New Platform

SBJ Buys The Perfect Purée

SBJ Buys The Perfect Purée

Spanos Barber Jesse & Co. (SBJ) has made an investment in The Perfect Purée, a maker of fruit and vegetable purées. The Perfect Purée (TPP) was founded by…

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…

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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