Transactions

AUA Closes Fourth Specialty Food Buy

Gourmet Culinary Partners (GCP), a portfolio company of AUA Private Equity Partners, has acquired Van-Lang Enterprises. This is the fourth add-on for GCP since its formation by AUA in May 2019. Van-Lang is a family-owned manufacturer and distributor of appetizers and hors d’oeuvres with national distribution and a strong presence in the Midwest as well…

Novacap’s Bestar Buys its Bigger US Competitor

Bestar, a portfolio company of Novacap since July 2017, has acquired Bush Industries for $160 million from Lorraine Capital and Landon Capital Partners. Bush Industries designs, produces and distributes home and commercial office, entertainment, bedroom, storage, seating, occasional and entryway furniture. The company was founded in 1959 and its headquarters and US manufacturing operations are…

KPS Carves Out IKG from Harsco

KPS Capital Partners has agreed to acquire the IKG business of publicly traded Harsco Corporation for $85 million composed of $40 million in cash and a $40 million seller note. KPS is acquiring IKG through is KPS Special Situations Mid-Cap Fund which closed in October 2019. Houston-based IKG is a manufacturer of steel and aluminum…

Freeman Spogli Acquires Kamps

Freeman Spogli & Company has acquired a majority equity interest in Kamps, one of the largest pallet management service providers in North America. Kamps provides nationwide pallet management services through a network of 25 company-owned and operated facilities and commercial partnerships with more than 60 national pallet partners. The company’s services include acquisition, disposition, sorting,…

LFM Closes First Exit from First Fund

After a three-year hold, LFM Capital has sold EDSCO Fasteners to MiddleGround Capital. EDSCO is a supplier of foundation anchoring systems for power transmission poles and substation structures. The company’s anchoring systems – which range from specialty fabricated bolts to highly-engineered anchoring cages – are typically embedded in concrete foundations and are engineered to allow…

Concours Closes Big First Add-On

Concours Mold, a portfolio company of Crestview Partners, has acquired the assets of Valiant Tool and Mold. The buy of the Valiant assets is the first add-on acquisition completed by Concours since being acquired by Crestview Partners in May 2019 as a platform within the tool and molding segment. Valiant is a designer, builder and…

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Yukon Backs IOP’s Buy of Midwest Paper

Yukon Backs IOP’s Buy of Midwest Paper

Yukon Partners was the provider of mezzanine debt to back Industrial Opportunity Partners’ recent buy of Midwest Recycled and Coated Containerboard Mill (DBA Midwest Paper). Midwest Paper manufactures and distributes…

Stone Point Closes on $7 Billion

Stone Point Closes on $7 Billion

Stone Point Capital has held a final closing of its eighth private equity fund, Trident VIII LP, with $7 billion in total capital commitments. Trident VIII received strong support from…

Abacus Backs Five Points’ New Buy

Abacus Backs Five Points’ New Buy

Abacus Finance Group was the administrative agent and lead arranger for $15 million in senior secured credit facilities to support the recapitalization of Specialty Appliances by Five Points Capital. Abacus…

Healthcare Investor Grant Avenue Partners Up

Healthcare Investor Grant Avenue Partners Up

Grant Avenue Capital a healthcare-focused, middle-market private equity firm, has entered a strategic partnership with East Rock Capital and GCM Grosvenor. Grant Avenue Capital is a healthcare-focused, middle-market private equity…

Twin Brook Big Backer of Healthcare Deals in 2019

Twin Brook Big Backer of Healthcare Deals in 2019

Twin Brook Capital Partners, the middle-market direct lending subsidiary of Angelo Gordon, today announced that it has committed over $3.3 billion to private equity sponsors in support of healthcare transactions,…

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KPS Carves Out IKG from Harsco

KPS Carves Out IKG from Harsco

KPS Capital Partners has agreed to acquire the IKG business of publicly traded Harsco Corporation for $85 million composed of $40 million in cash and a $40 million…

Freeman Spogli Acquires Kamps

Freeman Spogli Acquires Kamps

Freeman Spogli & Company has acquired a majority equity interest in Kamps, one of the largest pallet management service providers in North America. Kamps provides nationwide pallet management…

IOP Buys 130-Year Old Paper Company

IOP Buys 130-Year Old Paper Company

Industrial Opportunity Partners has acquired Wisconsin-based Midwest Recycled and Coated Containerboard Mill LLC (DBA Midwest Paper). Midwest Paper manufactures and distributes various grades of paper including recycled containerboard…

Gart Capital Buys Work World

Gart Capital Buys Work World

Gart Capital Partners (GCP) has acquired Work World, a specialized retailer of work wear products. Work World is a California-based retailer that specializes in the complete outfitting of…

AEA Carves Out Pest Products Business

AEA Carves Out Pest Products Business

AEA Investors has acquired the environmental sciences business (Environmental Sciences) of publicly traded Univar Solutions for $195 million. Austin, Texas-based Environmental Sciences is a distributor of pest control…

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BDO Looks at 2020

BDO Looks at 2020

Still the Same

Still the Same