Transactions

CDPQ Buys Stake in Allied Universal

Paris-based private equity firm Wendel has agreed to sell approximately 40% of its equity stake, along with other existing shareholders, in Allied Universal, one of the largest providers of security services in North America, to Caisse de dépôt et placement du Québec (CDPQ). This transaction places an enterprise value of $7 billion on Allied Universal.…

GTCR Buys Back AssuredPartners

Apax Partners’ eighth fund, Apax VIII LP, has agreed to sell its equity interest in AssuredPartners, a US insurance brokerage, to GTCR. GTCR previously owned AssuredPartners from its inception in 2011 until its sale to Apax VIII in October 2015. Apax is not completely exiting this investment as Apax IX LP, a $9 billion fund…

Pfingsten Closes Eighth Fund V Platform

Pfingsten has acquired Full Spectrum Group, a national, multi-vendor service provider for laboratory instrumentation. Full Spectrum is a provider of repair, maintenance and validation services for laboratory instrumentation. Validation ensures that a product, service, or system meets requirements and specifications and is a required component of ISO 9000 certification. Full Spectrum offers service contracts, preventative…

Varsity Adds to Probo Medical

Probo Medical, a portfolio company of Varsity Healthcare Partners since October 2018, has acquired Trisonics. Trisonics is a provider of ultrasound service, support, systems, parts, transducers/probes and service training.  The company’s inventory includes new, used, and refurbished ultrasound systems and parts from GE, Philips, Siemens, Sonosite, Toshiba and others. Trisonics was founded in 2004 and…

May River Merges Pump Makers

May River Capital, together with Longview Asset Management and Knox Capital Holdings, has formed Industrial Flow Solutions to facilitate the merger of BJM Pumps with Stancor BJM Pumps was acquired by May River in August 2017 and was the firm’s first acquisition in a strategy to create an industrial pump platform. Stancor was acquired by…

Blue Sage Closes All-State Buy

Blue Sage Capital has acquired All-State Industries, a manufacturer of non-metallic components used by original equipment manufacturers across a range of end markets. All-State’s products are used for sealing, acoustics, thermal management, motion control, instrumental panel and impact absorption applications for customers in the agricultural, mining, construction, truck, recreational vehicle, marine, medical, utility and power…

News

Easy A’s and Killer B’s

Easy A’s and Killer B’s

Headlined by a near-record valuation mark of 7.8x Trailing Twelve Months (TTM) Adjusted EBITDA, completed deal activity in the fourth quarter of 2018 showed that there is plenty of “oomph”…

TA Adds Vice President

TA Adds Vice President

TA Associates has hired Amit Jain as a vice president. He will be part of the firm’s North America Technology Group and will be based in TA’s Menlo Park office.…

CORE Closes High Demand First Fund

CORE Closes High Demand First Fund

CORE Industrial Partners has held a final close of CORE Industrial Partners Fund I LP with total commitments of $230 million. The new fund was significantly oversubscribed with demand in…

Falfurrias Closes New Fund

Falfurrias Closes New Fund

Falfurrias Capital Partners has closed its new middle-market private equity fund, Falfurrias Capital Partners IV LP (FCP IV), at its hard cap of $500 million. The firm’s earlier fund closed…

Edgewater Hits Fund IV Hardcap

Edgewater Hits Fund IV Hardcap

Edgewater Capital Partners has held a final closing of Edgewater Capital Partners IV LP (ECP IV) at its hardcap of $185 million. Limited partners in the new fund include corporate…

Corridor Adds Investment Pro

Corridor Adds Investment Pro

Corridor Capital had hired Zack Stiefler as a principal on the firm’s investment team. Mr. Stiefler will be active in the evaluation, due diligence, financing and execution of new investment…

Canaccord Buys Petsky Prunier

Canaccord Buys Petsky Prunier

Canaccord Genuity Group has acquired investment bank Petsky Prunier and all of the firm’s partners have entered into employment agreements with Canaccord Genuity. Under the terms of the agreement, Canaccord…

Hidden Harbor Closes Debut Fund

Hidden Harbor Closes Debut Fund

Hidden Harbor Capital Partners has closed its debut fund, Hidden Harbor Capital Partners I LP, at an above-target $265 million. Boca Raton-based Hidden Harbor was formed in May 2016 by…

New Platform

CDPQ Buys Stake in Allied Universal

CDPQ Buys Stake in Allied Universal

Paris-based private equity firm Wendel has agreed to sell approximately 40% of its equity stake, along with other existing shareholders, in Allied Universal, one of the largest providers…

GTCR Buys Back AssuredPartners

GTCR Buys Back AssuredPartners

Apax Partners’ eighth fund, Apax VIII LP, has agreed to sell its equity interest in AssuredPartners, a US insurance brokerage, to GTCR. GTCR previously owned AssuredPartners from its…

Pfingsten Closes Eighth Fund V Platform

Pfingsten Closes Eighth Fund V Platform

Pfingsten has acquired Full Spectrum Group, a national, multi-vendor service provider for laboratory instrumentation. Full Spectrum is a provider of repair, maintenance and validation services for laboratory instrumentation.…

Blue Sage Closes All-State Buy

Blue Sage Closes All-State Buy

Blue Sage Capital has acquired All-State Industries, a manufacturer of non-metallic components used by original equipment manufacturers across a range of end markets. All-State’s products are used for…

Excellere Buys SePRO

Excellere Buys SePRO

Excellere Partners has acquired SePRO Corporation, a provider of aquatic herbicides and algaecides. SePRO is a provider of products and services that help manage invasive weeds and algae…

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