Transactions

DFW Sells Superior to Falfurrias

E-Technologies Group, a portfolio company of Falfurrias Capital Partners, has acquired Superior Controls from DFW Capital Partners. Superior Controls is a provider of automation, integration and engineering support services to the life sciences industry. Customers of the company include biotechnology and pharmaceutical companies including Pfizer, Biogen, GE Healthcare, Genentech, and Gilead Sciences. Many of the…

The Anderson Group Buys Fosbel

The Anderson Group has acquired Fosbel, a provider of industrial furnace maintenance services, from Ares Capital. Fosbel was acquired by American Capital Strategies (ACS) in July 2005 and ACS was acquired by Ares Capital in December 2016. Fosbel is a global service provider specializing in refractory furnace inspection, maintenance, repair and reconstruction with a focus…

North Castle Acquires Indian Food Brand

North Castle Partners has made an investment in Maya Kaimal Foods, a developer and marketer of Indian-inspired ethnic foods. Maya Kaimal Foods’ products include shelf-stable and refrigerated sauces and condiments, and ready-to-eat dals (lentils) and rices. The company’s products are sold online at Amazon and Costco and at over 7,000 retail locations including Whole Foods…

New Mountain to Acquire ACETO Chemicals Business

New Mountain Capital has agreed to acquire the chemicals business of publicly-traded Aceto Corporation (OTC: ACETQ) for $338 million. In February 2019, Aceto filed a voluntary petition under Chapter 11 of the US Bankruptcy Code as it began a process to sell its chemicals unit and pharmaceuticals unit in separate transactions. Aceto’s chemical unit is…

Marquee Brands Adds to Portfolio

Marquee Brands has agreed to acquire the Martha Stewart and Emeril Lagasse brands from publicly-traded Sequential Brands Group. Marquee Brands was formed by Neuberger Berman in 2014 to acquire, license and manage a portfolio of consumer brands. The company and Neuberger Berman closed a dedicated investment fund, Marquee Brands Partners LP, in February 2016 with…

Variant Buys Coach USA and Coach Canada

Variant Equity has closed its acquisition of Coach USA and Coach Canada (together Coach USA) from Stagecoach Group plc for $271 million. Coach USA is a provider of transportation services including scheduled intercity bus service, local and commuter bus transit, city sightseeing, tour, yellow school bus, and charter bus service. The company operates through several…

News

Shore Closes Two Funds, Expands Into Food

Shore Closes Two Funds, Expands Into Food

Shore Capital Partners has held a first and final closing of its third institutional healthcare private equity fund, Shore Capital Healthcare Partners Fund III LP (HC Fund III) at $293…

BGL Adds Business Services Pro

BGL Adds Business Services Pro

Cleveland-based investment bank Brown Gibbons Lang & Company (BGL) has added Peter Hill to its team as a new managing director in its business services practice. Mr. Hill’s background includes…

Bregal Closes at $650 Million

Bregal Closes at $650 Million

Bregal Partners has closed its second fund, Bregal Partners II LP, with $650 million of capital commitments. With the closing of the new fund, Bregal Partners now has a total…

Martis Closes Third Fund

Martis Closes Third Fund

Martis Capital Management, formerly Capricorn Healthcare, has closed its third fund, Martis Partners III LP, at its hard cap with $545 million in capital commitments. Fund III will continue the…

Southfield Promotes Brandon Pinderhughes

Southfield Promotes Brandon Pinderhughes

Southfield Capital has promoted Brandon Pinderhughes to principal. Mr. Pinderhughes joined Southfield Capital in July 2014 as a senior associate. With this promotion, Mr. Pinderhughes will continue to focus on…

M/C Partners Hits Hard Cap

M/C Partners Hits Hard Cap

M/C Partners has held a final oversubscribed closing of M/C Partners VIII LP at the hard cap of $350 million. M/C Partners is led by Managing Partners Jim Wade, Gillis…

Twin Brook Hires Healthcare Managing Director

Twin Brook Hires Healthcare Managing Director

Twin Brook Capital Partners has added Timothy Wentink to its investment team as a managing director focused on the healthcare sector. Mr. Wentink joins the Twin Brook team from Madison…

Crossplane Adds Business Development Pro

Crossplane Adds Business Development Pro

Crossplane Capital has expanded its team with the hiring of Katie Oswald as director of business development. Ms. Oswald is responsible for sourcing investment opportunities, developing relationships with transaction advisors,…

New Platform

The Anderson Group Buys Fosbel

The Anderson Group Buys Fosbel

The Anderson Group has acquired Fosbel, a provider of industrial furnace maintenance services, from Ares Capital. Fosbel was acquired by American Capital Strategies (ACS) in July 2005 and…

North Castle Acquires Indian Food Brand

North Castle Acquires Indian Food Brand

North Castle Partners has made an investment in Maya Kaimal Foods, a developer and marketer of Indian-inspired ethnic foods. Maya Kaimal Foods’ products include shelf-stable and refrigerated sauces…

Exit

‍CD&R Exits TRANZACT

‍CD&R Exits TRANZACT

Publicly-traded Willis Towers Watson, a risk management, insurance brokerage and advisory company, has agreed to acquire TRANZACT, a…

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