NEW FUNDS
Longshore Hardcaps Fund II
Longshore Capital Partners has held the final closing of Longshore Capital Partners Fund II at its hard cap of $325 million in capital. The firm’s new fund was oversubscribed, closing
It’s All Green at Blue Sage
Blue Sage Capital has held a final closing of its fourth fund, Blue Sage Capital IV LP (Fund IV), with $618 million of capital. The new fund closed above its
Incline’s Ascent II Closes at $500 Million
Incline Equity Partners has announced the above-target final closing of Incline Ascent Fund II LP (Ascent II), with $500 million in committed capital. The closing of Ascent II follows the
Lucky 13: Frontenac Closes Oversubscribed Fund XIII at $900 Million
Frontenac has held an above-target and oversubscribed final closing of its 13th fund, Frontenac XIII Private Capital LP (Fund XIII), with $900 million in committed capital. The fund’s target at
Sky Island Beats Target on Fund II
Sky Island Capital has held an above target and final close of its second private equity fund, Sky Island Capital II LP, with $300 million in capital commitments. Limited partners
Mountaingate Hard Caps Fund III
Mountaingate Capital has held an above-target, oversubscribed, and hard cap close of its third lower-middle-market private equity fund, Mountaingate Capital Fund III LP with $570 million in capital commitments. Mountaingate
Abacus Unlocks SBA Partnership with SBIC Fund Debut
Abacus Finance Group has received a Small Business Investment Company (SBIC) license and has closed its inaugural SBIC fund, Abacus Finance SBIC Fund I LP (Fund I). The Small Business
NEW PLATFORMX
Stephens Acquires Precision Cleaner Astro Pak
The Stephens Group has acquired Astro Pak, a provider of cleaning services tailored to highly regulated industries. Astro Pak offers high-purity and precision cleaning services to companies in the pharmaceutical, biotechnology, food and beverage, semiconductor,
Stephens Acquires Astro Pak
The Stephens Group has acquired Astro Pak, a provider of cleaning services tailored to highly regulated industries. Astro Pak offers high-purity and precision cleaning services to companies in the pharmaceutical, biotechnology, food and beverage, semiconductor,
Platte River Turns Up the Heat with Latest Buy
Platte River Equity has acquired Building Controls & Solutions (BCS) from LKCM Headwater Investments. BCS is a value-added distributor of building automation products, including building controls, automation systems, gas detection equipment, and energy management equipment.
KLH’s Latest Portfolio Company is Solid as a Rock
KLH Capital has acquired Concrete Protection & Restoration, a provider of concrete restoration services. Concrete Protection & Restoration (CPR) specializes in concrete restoration and technical structural services that maintain the safety, integrity, and functionality of
NEWS
NEW EXITS
Monomoy Sells Astro Shapes to Wynnchurch
Monomoy Capital Partners has sold Astro Shapes to Wynnchurch Capital. Monomoy acquired Astro Shapes in December 2020 from National Material LP. Astro Shapes specializes in creating over 14,000 unique extrusion shapes and sizes with finishes
Benford Exits Farmers Hen House with Sale to Butterfly’s Pete & Gerry’s Organics
Pete & Gerry’s Organics, a portfolio company of Butterly, has acquired Farmers Hen House, a portfolio company of Benford Capital. Benford formed Pasture Brands Holdings in December 2021 to acquire Iowa-based Farmers Hen House which sources, processes, packages and
NEW ADD ONS
Benford Adds Classic Cookie to Legacy Platform
Legacy Bakehouse, a portfolio company of Benford Capital, has expanded with the acquisition of Mannon Specialty Foods (DBA Classic Cookie).
Salt Creek Sells Roman to Matrix Adhesives Group
Roman Products, a portfolio company of Salt Creek Capital, has been acquired by Matrix Adhesives Group, a portfolio company of Goldner
Allied’s CES Power Acquires Base Craft, Launches Studio Services Division
CES Power, a portfolio company of Allied Industrial Partners, has acquired Base Craft, a provider of specialty equipment and services
Shore Savors Latest OWS Foods Add-On
OWS Foods, a Shore Capital Partners portfolio company since November 2020, has acquired Lillie’s Q Sauces & Rubs. Lillie’s is
NEW FINANCINGS
Through Western Vet, TPG Twin Brook Builds Relationship with Tyree & D’Angelo
TPG Twin Brook has increased its credit facilities to Western
Trinity Launches Sponsor Finance Vertical
Publicly traded Trinity Capital has formed a new sponsor finance
LongueVue Acquires Kingston Brass with Abacus Backing
LongueVue Capital (LVC) has acquired Kingston Brass, a designer and
Lineage Acquires Bellwether Media with Abacus Backing
Abacus Finance Group was the Senior Secured Credit Facilities Administrative Agent and Sole Lender for senior secured credit facilities used to back the acquisition of
Lincoln Road’s Newest Platform Corners Houston Landscaping Market
Lincoln Road has acquired Silversand Services and SLI Landscape, providers of commercial landscaping services in the Houston metropolitan area. Silversand’s and SLI’s services include landscaping,
O2 Sponsor Finance Backs Soundcore’s Paving Platform
O2 Sponsor Finance, a division of Old Second National Bank, provided the senior bank financing to back the acquisitions by Soundcore Capital Partners of ACI
Abacus Backs Eureka’s Buy of Advertiser Perceptions
Eureka Equity Partners has acquired Advertiser Perceptions with senior debt and an equity co-investment from Abacus Finance. Abacus was the Senior Secured Credit Facilities Administrative Agent and Sole Lender. Advertiser
Always Active Abacus Starts Fast
Abacus Finance is continuing its active support of private equity buyouts with the close of new transactions for Thompson Street Capital Partners, American Pacific Group, Pine Tree Equity, and WestView
Abacus Backs Another LongueVue Platform
Abacus Finance Group has provided senior secured debt to support the acquisition of Summit Clinical Research by LongueVue Capital. Abacus also made an equity co-investment. Summit Clinical Research (SCR) is
FEATURED TRANSACTIONS
One Sweet Deal! Shore’s Sweetmore Buys Sweet Eddie’s
Sweetmore Bakeries, a portfolio company of Shore Capital, has acquired Sweet Eddie’s, a wholesale manufacturer of cinnamon rolls and other baked goods. Sweetmore Bakeries was launched by Shore through the September 2019 acquisition
Arsenal’s Sealing Platform Sold to Henkel
Arsenal Capital Partners has sold its portfolio company Seal For Life Industries to publicly traded Henkel AG & Co. Seal For Life is a supplier of protective coating and sealing products that are
CW Industrial Seals the Deal with Mantaline Buy
CW Industrial Partners has acquired Mantaline Corporation, an Ohio-based extruder of plastic and rubber products. Mantaline designs, prototypes, validates, and manufactures extruded elastomeric products including seals, protectors and insulations that are used in
Trinity Hunt Establishes Coker as New Platform
Trinity Hunt Partners has acquired Coker Group, a provider of healthcare advisory services. Coker provides performance transformation, transaction advisory, and compliance consulting services to hospitals, physician groups, private equity-backed platforms, and other healthcare
Patriot Pickle Acquires First Place Foods
Patriot Pickle, a maker and distributor of pickles and a portfolio company of Swander Pace Capital, has acquired First Place Foods. First Place Foods manufactures a wide variety of fermented (shelf stable) and refrigerated pickles, relishes, and other pickled vegetables that are sold to the restaurant, foodservice, institutional, and retail markets. Third-generation family-owned First Place Foods, led by President Pat Hunn, operates manufacturing and warehousing facilities near Dallas in Garland, Texas. “For more than 15 years, First Place Foods has
SK’s Canlak Coatings Buys Ceramic Industrial Coatings
Canlak Coatings, a portfolio company of SK Capital Partners, has acquired Ceram-Traz (DBA Ceramic Industrial Coatings). Ceramic Industrial Coatings is a manufacturer of custom and proprietary water and solvent-based wood coatings as well as other coatings, adhesives, sealants and elastomers (CASE) products. Ceramic Industrial, led by CEO Rob Laubscher, was founded in 1962 and operates a 90,000-square-foot facility in Osseo, Minnesota (headquarters) and a 52,000-square-foot facility in Kansas City, Kansas. “We are tremendously excited about our future partnership with Canlak
PEOPLE ON THE MOVE
Abacus Finance Names New President
BGL Adds Aerospace Pro
Argosy Healthcare Promotes Greg Mayer to Partner
Iron Path Adds Business Development Pro
Cornell Names Jennifer Cattier as Newest Partner
Record-Breaking Fund Close Drives Expansion at Transom Capital
STRATEGIES & STUDIES
Janney Continues Acquisitive Ways with Buy of TM
Janney Montgomery Scott has agreed to acquire middle market investment bank TM Capital, a provider of M&A advisory services across the business services, industrials, healthcare, and consumer sectors. TM Capital is led by CEO James
Align Launches Independent Sponsor Strategy
Align Capital Partners (ACP) has announced the launched of a new independent sponsor-focused private equity strategy, Align Collaborate. ACP founded Align Collaborate in partnership with independent sponsor investors, Grant Kornman and Michael Kornman. Prior to
Grant Thornton: Increased Deal Volume on the Way
The latest survey from Grant Thornton reveals that private equity professionals are forecasting a rise in transaction volume, despite the uncertainty surrounding the upcoming U.S. presidential election. The survey, which polled 255 M&A professionals, found
Bain & Company: Private Equity Finds a Footing
According to Bain & Company’s 2024 Private Equity Midyear Report, the two-year long slump in global private equity looks finally to be bottoming out with the industry finding a footing from which to climb back.
Life Outside the Forties: Navigating Political Risk
If you studied corporate finance or portfolio management 20 years ago, “political risk” tended to refer to a country’s stability in government and the transparency/integrity of its capital markets. Those considerations still matter, but the
Capstone: Middle Market Participants are Optimistic for a Recovery in 2024
Capstone Partners has released its 2023 Middle Market M&A Valuations Index which shows that while equity markets largely shrugged off the rapid succession of interest rate hikes in 2023, middle market merger and acquisition valuations
Stephens Acquires Precision Cleaner Astro Pak
The Stephens Group has acquired Astro Pak, a provider of cleaning services tailored to highly regulated industries. Astro Pak offers high-purity and precision cleaning services
Stephens Acquires Astro Pak
The Stephens Group has acquired Astro Pak, a provider of cleaning services tailored to highly regulated industries. Astro Pak offers high-purity and precision cleaning services
Platte River Turns Up the Heat with Latest Buy
Platte River Equity has acquired Building Controls & Solutions (BCS) from LKCM Headwater Investments. BCS is a value-added distributor of building automation products, including building
More Private Equity News
Salt Creek Exits King Tester
Pfingsten Sells Omega Systems to Revelstoke
Stellex Buys Industrial Construction Services from Stone Arch
Harbour Group Enters the Pet Grooming Sector with Newest Platform
Bottoms Up! Atlas Exits Saxco
Kinderhook Sells VAI to L Catterton’s RealTruck
Rotating Machinery Services Switches Sponsors
New Funds
Longshore Hardcaps Fund II
Longshore Capital Partners has held the final closing of Longshore Capital Partners Fund II at its hard cap of $325 million in capital. The firm’s
It’s All Green at Blue Sage
Blue Sage Capital has held a final closing of its fourth fund, Blue Sage Capital IV LP (Fund IV), with $618 million of capital. The
Incline’s Ascent II Closes at $500 Million
Incline Equity Partners has announced the above-target final closing of Incline Ascent Fund II LP (Ascent II), with $500 million in committed capital. The closing
Lucky 13: Frontenac Closes Oversubscribed Fund XIII at $900 Million
Frontenac has held an above-target and oversubscribed final closing of its 13th fund, Frontenac XIII Private Capital LP (Fund XIII), with $900 million in committed
People on the Move
Abacus Finance Names New President
BGL Adds Aerospace Pro
Argosy Healthcare Promotes Greg Mayer to Partner
