Transactions

J.F. Lehman Blank Checks NRC Group

J.F. Lehman & Company (JFLCO) has sold NRC Group Holdings to Hennessy Capital Acquisition Corp. III (HCAC). As part of the transaction, HCAC has changed its name to NRC Group Holdings and its stock is now trading on the NYSE under the ticker symbols NRCG. JFLCO will continue to own a controlling equity position in…

Riverside Adds Applied Logic to Censis

Censis Technologies, a portfolio company of The Riverside Company since July 2014, has acquired Applied Logic. Applied Logic provides software and third-party hardware used in the sterile processing department (SPD) of hospitals and medical facilities. The company’s products assist with SPD workflows, tracking surgical inventory and alerting staff to issues such as insufficient sterilization and…

CenterOak Adds to Aakash Chemicals

Aakash Chemicals & Dye-Stuffs, a portfolio company of CenterOak Partners, has acquired Sandream Impact, a supplier of specialty chemicals. Sandream Impact is a supplier of colorants (including pearlescent pigments), nutraceuticals, and cosmetic actives that are used in the cosmetic, personal care and nutritional markets. The company serves customers in the United States, Canada, and Europe.…

Edgewater and JZ Sell Water Treatment Division

Triwater Holdings, a portfolio company of The Edgewater Funds and JZ Partners, has sold its subsidiary, TWH Water Treatment Industries (Water Treatment Solutions), to DuBois Chemicals, a portfolio company of The Jordan Company. Water Treatment Solutions is a provider of managed water treatment programs for national, regional and local customers across a range of end…

Validor Acquires BICO Steel

Validor Capital has acquired BICO Steel, a steel service center that processes heavy carbon steel plate and forged specialty alloy steel. All the members of the BICO senior management team invested alongside Validor in the transaction. BICO’s heavy carbon steel plate and forged specialty alloy steel are used in products in the molding, process equipment,…

LLR Invests in Edlio

LLR Partners has made a growth capital investment in Edlio, a provider of community engagement services for K-12 public, private and charter schools. Edlio provides comprehensive and easy-to-use communication packages for school administrators, teachers and parents. Edlio’s content management system (CMS) supports over 9,700 websites for schools and districts across the US, Canada and Latin…

News

Balance Point Closes Fifth Fund

Balance Point Closes Fifth Fund

Balance Point Capital has held a final close of Balance Point Capital Partners III LP (BPCP III), the firm’s fifth fund, with capital commitments of approximately $380 million, exceeding the…

Crescent Adds New Managing Director

Crescent Adds New Managing Director

Crescent Capital Group has hired Mark du Four as a new managing director. Mr. du Four will be responsible for sourcing middle market lending opportunities for the Crescent platform and…

O2 Adds Associate

O2 Adds Associate

O2 Investment Partners has hired Jimmy Frye as the firm’s newest Associate. Mr. Frye will be responsible for evaluating new transactions, due diligence, underwriting, and monitoring O2’s portfolio companies. “Jimmy…

Littlejohn Bolsters Special Situations and PE Teams

Littlejohn Bolsters Special Situations and PE Teams

Littlejohn & Co. has strengthened its special situations and private equity investment teams with the hirings of Beth Pollack and Thomas Bennet, who have joined the firm as Vice Presidents,…

Abacus Stays Busy with Westview

Abacus Stays Busy with Westview

Abacus Finance Group was the Administrative Agent and Lead Arranger for $25.5 million in senior secured credit facilities to support the recapitalization of The Phia Group by WestView Capital Partners.…

Edison Closes Largest Fund

Edison Closes Largest Fund

Growth equity investor Edison Partners has closed its latest fund, Edison Partners IX LP, with $365 million of capital. The new fund was significantly oversubscribed and surpassed its original target…

LFM Quickly Raises Second Fund

LFM Quickly Raises Second Fund

LFM Capital has closed its second fund, LFM Capital Partners II LP, with $184 million in capital commitments. The firm’s earlier fund closed in October 2014 with $110 million of…

2018 Carried Interest and Compensation Survey

2018 Carried Interest and Compensation Survey

This is the eleventh edition of the Carried Interest and Compensation Survey. This year we had 325 funds participate. The survey’s compensation data is comprised of salary, bonus and carried…

New Platform

Validor Acquires BICO Steel

Validor Acquires BICO Steel

Validor Capital has acquired BICO Steel, a steel service center that processes heavy carbon steel plate and forged specialty alloy steel. All the members of the BICO senior…

LLR Invests in Edlio

LLR Invests in Edlio

LLR Partners has made a growth capital investment in Edlio, a provider of community engagement services for K-12 public, private and charter schools. Edlio provides comprehensive and easy-to-use…

Auxo Acquires Prestige Stamping

Auxo Acquires Prestige Stamping

Auxo Investment Partners has acquired Prestige Stamping in partnership with the Rink family. Prestige is a maker of high-volume, tight-tolerance washers and similar small stampings made from aluminum,…

EagleTree Buys Specialty Chemical Maker

EagleTree Buys Specialty Chemical Maker

EagleTree Capital has acquired Gaylord Chemical Company. Co-investing in the transaction are members of Gaylord’s senior management team, Alberta Teachers’ Retirement Fund Board, and Farol Asset Management. Gaylord…

Exit

Kainos Exits SlimFast

Kainos Exits SlimFast

Kainos Capital has sold its portfolio company SlimFast to Glanbia plc in a transaction valued at $350 million.…

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O2 Adds Associate

O2 Adds Associate

Getting High

Getting High