Transactions

CenterGate’s Mid-State Adds On Again

Mid-State Industrial Maintenance, a portfolio company of CenterGate Capital, has acquired Mine Equipment & Design. This is the second add-on for Mid-State since being acquired by CenterGate in February 2019. Mid-State provides industrial services to customers in the chemical processing, phosphate mining, power generation, and building products industries throughout the southeastern United States. The company…

Harbor Beach Paves Away

Atlantic Southern Paving and Sealcoating, a portfolio company of Harbor Beach Capital, has acquired Emerald Paving Company. Harbor Beach acquired Atlantic Southern in August 2019 in partnership with Aldine Capital Partners and CEO Michael Curry. The buy of Emerald is the company’s first add-on acquisition as it looks to expand into new geographies to serve…

Varsity Closes 4th Probo Add-On

Probo Medical, a portfolio company of Varsity Healthcare Partners since October 2018, has acquired Mount International United Services (MIUS). MIUS is a provider of third-party service, repairs and maintenance for medical imaging equipment including Ultrasound, CT, MRI, and X-ray. The company also buys, sells and rents medical imaging equipment. Customers of MIUS include more than…

Praesidian Buys Collectibles Business

Praesidian Capital has acquired a controlling interest in Round 2, a hobby products company. Round 2 designs and produces model kits, diecast models, slot cars and other hobby products. The company is the owner of several well-known model kit and diecast brands, many of which date back to the 1960s, including AMT, Hawk, Johnny Lightning,…

Sentinel Exits Pet Supplies Plus

Sentinel Capital Partners has agreed to sell Pet Supplies Plus to publicly traded Franchise Group for $700 million in cash. Sentinel acquired Pet Supplies Plus, the third-largest pet specialty chain in the US, from Irving Place Capital in December 2018. Pet Supplies Plus (PSP) is a franchisor and operator of pet-specialty stores. The company’s system…

SFEF Acquires Beauty Products Maker

San Francisco Equity Partners (SFEP) has acquired SV Labs, a contract manufacturer of beauty and personal care products. SV Labs’ services include research and development, formulation, manufacturing, filling, labeling, packaging and fulfillment. The company’s products include effervescent products for multiple end markets, including shower tablets and bath bombs; and products for other market categories including…

News

Two Advisory Pros Launch Hudson Avenue

Two Advisory Pros Launch Hudson Avenue

A new middle market debt advisory firm – Hudson Avenue Partners – has been launched by Ryan Deegan and Kelly Stotler. The new firm specializes in designing, structuring and raising…

Northstar Closes on New $500 Million

Northstar Closes on New $500 Million

Northstar Capital has closed Northstar Mezzanine Partners VII LP  and Northstar Mezzanine Partners SBIC LP with combined capital commitments of nearly $500 million. Northstar’s SBIC fund is its first fund…

Rotunda Beats Target on First Institutional Fund

Rotunda Beats Target on First Institutional Fund

Rotunda Capital Partners has closed its debut institutional private equity fund, Rotunda Capital Partners Fund II LP, with over $195 million of capital commitments. The new fund’s original target was…

Argosy Adds MD to Lead Healthcare Effort

Argosy Adds MD to Lead Healthcare Effort

Argosy Capital has formed Argosy Healthcare Partners (AHP) and has hired Paul Barrett as a managing director to lead the new investment strategy. AHP will make majority control investments, in…

Fort Point Beats Target on New Fund

Fort Point Beats Target on New Fund

Fort Point Capital has closed its second fund, FPC Small Cap Fund II LP (FPC II), with $194 million of capital. The new fund beat its target of $175 million.…

Audax Closes First Ever Secondary Fund

Audax Closes First Ever Secondary Fund

Audax Private Equity has closed its first general partner-led secondary fund (“Continuation Fund”) with $1.7 billion in capital commitments. Capital from the Continuation Fund was used to purchase portfolio companies…

New Mountain Closes on $10 Billion

New Mountain Closes on $10 Billion

New Mountain Capital has closed two new private equity funds with $10.2 billion in total capital commitments. The two funds include its flagship fund, New Mountain Partners VI LP (“Fund…

Sheridan Hits Fund II Hardcap

Sheridan Hits Fund II Hardcap

Sheridan Capital Partners has held an oversubscribed and hard cap closing of its second fund, Sheridan Capital Partners Fund II LP, with $300 million in limited partner commitments. The firm’s…

New Platform

Praesidian Buys Collectibles Business

Praesidian Buys Collectibles Business

Praesidian Capital has acquired a controlling interest in Round 2, a hobby products company. Round 2 designs and produces model kits, diecast models, slot cars and other hobby…

SFEF Acquires Beauty Products Maker

SFEF Acquires Beauty Products Maker

San Francisco Equity Partners (SFEP) has acquired SV Labs, a contract manufacturer of beauty and personal care products. SV Labs’ services include research and development, formulation, manufacturing, filling,…

Mountaingate Buys BioDerm with Abacus Backing

Mountaingate Buys BioDerm with Abacus Backing

Mountaingate Capital has acquired BioDerm, a provider of disposable medical devices and wound care supplies. Abacus Finance provided senior debt for this transaction and made an equity co-investment.…

Exit

Incline Exits Lynx Franchising

Incline Exits Lynx Franchising

Incline Equity Partners has sold LYNX Franchising, a multi-brand provider of business-to-business commercial services, to MidOcean Partners. Incline…

  • New Funds
  • People
  • Financing
  • Strategy
  • Studies
O2 Closes Fund III

O2 Closes Fund III

Live Cat Bounce

Live Cat Bounce