NEW FUNDS
Lucky Number Seven: LLCP Closes Newest Fund at $3.6 Billion
Levine Leichtman Capital Partners (LLCP) has closed LLCP Fund VII LP above its target with over $3.6 billion in capital commitments. Fund VII was backed by strong participation from both
One Rock Closes New Flagship Fund
One Rock Capital Partners has closed its largest fundraise to date, securing $3.97 billion in total capital commitments for its flagship fund, One Rock Capital Partners IV LP, and the
Avista Healthcare Closes GCM Continuation Fund
Avista Healthcare Partners has closed Avista Healthcare Partners CV II LP (ACV II), a single-asset continuation fund for GCM, a maker of precision medical components. The new fund provides existing investors
Churchill Closes New Co-Investment Fund
Churchill Asset Management, an affiliate of Nuveen, has held a final, oversubscribed, and hard cap close of Churchill Co-Investment Fund II LP (Fund II) with $1.5 billion in limited partner
Banner Closes Continuation Fund, Launches Fund II
Banner Capital Management has recapitalized eight portfolio companies into a $400 million continuation vehicle, Banner Capital Fund I, L.P., and has formally launched Banner Capital Fund II LP with a
Virent Capital Launches with Focus on Digital Enablement
Virent Capital has been launched by Connor McMahan, a former partner at L2 Capital, to invest in companies operating in the U.S. lower middle market. Virent began operating in May
Eagle Wraps $415 Million Fund II in Seven Months
Eagle Merchant Partners has closed its second private equity fund, Eagle Merchant Partners Fund II LP, with $415 million in capital commitments. The new fund closed above its original hard
NEW PLATFORMX
SK Carves LISI Medical from LISI Group
SK Capital Partners has agreed to acquire LISI Group’s medical division, LISI Medical, a contract development and manufacturing organization specializing in components used by medical device OEMs. LISI Medical is a contract development and manufacturing
Wipe, Rinse, Recapitalize: Zep Acquired by Truelink
Truelink Capital has agreed to acquire Zep, a provider of maintenance, cleaning, and sanitation products, from New Mountain Capital. Zep’s product lineup includes disinfectants, degreasers, sanitizers, and odor control products sold under the company’s flagship
CenterGate Sews Up Marena
CenterGate Capital has acquired The Marena Group, a provider of compression garments, shapewear, and activewear for post-surgical and therapeutic use, from The Riverside Company. Marena’s medical-grade products are designed to enhance healing, improve circulation, and
Liftout Acquires AG&E
AG&E, a Dallas-headquartered provider of structural engineering services, has been acquired by Liftout Capital. AG&E’s core services include data center structural engineering, the design of airport terminals and hangars, and the design of complex industrial
NEWS
NEW EXITS
AUA Hands Jerky Crown Back to Monogram
AUA Private Equity Partners has completed the sale of Western Smokehouse Partners, a manufacturer of better-for-you protein snacks, to Monogram Capital Partners. Western Smokehouse Partners is a contract and branded manufacturer of all-natural meat sticks,
TruArc Sells Ideal Tridon to Nautic
TruArc Partners has sold Ideal Tridon, a manufacturer of fastening, sealing, and support systems, to Nautic Partners. Ideal Tridon’s products include hose clamps, pipe supports, couplings, fittings, and strapping that are used in supporting, securing,
NEW ADD ONS
Gryphon Grabs Kinco to Expand Glove Empire
Mechanix Wear, a designer and manufacturer of high-performance work gloves and a portfolio company of Gryphon Investors since 2020, has
Arcline Has a Micro Blast with Latest Add-On
Medical Manufacturing Technologies (MMT), a portfolio company of Arcline Investment Management, has acquired Comco, a specialist in micro-precision sandblasting. Charlotte-headquartered
Gemspring’s Shrieve Chemical Bonds with Carbon Group
Shrieve Chemical, a portfolio company of Gemspring Capital, has acquired Carbon Chemicals Group. In October 2024, Gemspring closed a single-asset
Dig This. Delphi Infrastructure Acquires JMF Underground
Delphi Infrastructure Group (DIG), a portfolio company of MPE Partners, has acquired JMF Underground, a provider of underground utility services.
NEW FINANCINGS
Abacus Ramps Up Deal Activity with Two New Closings
Abacus Finance Group has had an active start to the
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 distributor of kitchen and bathroom fixtures, bathtubs, and accessories. Kingston designs and distributes water fixtures,
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 Asphalt & Concrete (ACI) and
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
FEATURED TRANSACTIONS
No Holes in this Deal: Swander Pace Acquires Maple Donuts
Swander Pace Capital has acquired Maple Donuts, a manufacturer of frozen bakery products. Co-investing in the acquisition were Partners Capital and Constitution Capital Partners. Maple Donuts specializes in private label donuts for retail
Paceline Acquires Everflow
Everflow Supplies, a distributor of plumbing, electrical, fire control, and industrial products, has been acquired by Paceline Equity Partners. Everflow is a national master distributor of more than 20,000 SKUs of fittings, valves,
Gemspring Carves Out Goodyear Chemical for $650 Million
Gemspring Capital Management has agreed to acquire Goodyear Chemical, the polymer chemicals division of publicly traded Goodyear Tire & Rubber Company, for $650 million in cash. Akron-headquartered Goodyear Chemical is a producer of
Odyssey’s PIP Acquires Honeywell’s PPE Business
Protective Industrial Products (PIP), a portfolio company of Odyssey Investment Partners, has finalized its $1.3 billion acquisition of the personal protective equipment (PPE) division of publicly traded Honeywell. Odyssey previously acquired PIP from
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
Soundcore Adds Two Investment Pros
Canaccord Genuity Builds Investment Banking Team
Mesirow Strengthens its Technology Vertical
SK Capital Hires John Novak to Lead Business Development
Brown Gibbons Lang Adds Consumer Veteran
STRATEGIES & STUDIES
Trump Administration Considers Opening $9 Trillion 401(k) Market to Private Equity Investments
The Trump administration is contemplating an executive order that would permit private equity firms to access the nearly $9 trillion U.S. 401(k) retirement market. This initiative aims to allow private equity firms such as Blackstone,
How to Control Healthcare Costs Throughout Your Portfolio With New Insurance Model
During the five- to seven-year window that private equity typically owns businesses, firms have a value creation plan to increase profitability so they can sell or take the company public. Those plans frequently involve go-to-market
BCG: Private Equity Infrastructure Investment Gains Momentum
Private equity investment in infrastructure is showing renewed strength as macroeconomic uncertainties stabilize, according to the latest Infrastructure Strategy 2025 report by Boston Consulting Group (BCG). According to BCG, the private infrastructure market, which has
Private Equity on the Rebound
A global private equity (PE) revival is taking shape as dealmaking gains traction, though sluggish fundraising continues to present challenges, according to Bain & Company’s 16th annual Global PE Report. The report highlights a resurgence
M&A and JV Activity in Private Credit: What the Trend Could Mean for Borrowers
The State of the Game The private credit arms race has taken the industry landscape by storm, with Ken Moelis citing the shift as the “greatest change in the history of transactional finance.”[1] Already enjoying
Are M&A Deal Parties Turning Away from Reps & Warranties Insurance?
RWI usage is declining[1] for deals closed in 2024, including among Private Equity buyers.[2] When an M&A deal requires more carveouts for things like survival periods and caps and special escrows to cover RWI policy
AUA Hands Jerky Crown Back to Monogram
AUA Private Equity Partners has completed the sale of Western Smokehouse Partners, a manufacturer of better-for-you protein snacks, to Monogram Capital Partners. Western Smokehouse Partners
SK Carves LISI Medical from LISI Group
SK Capital Partners has agreed to acquire LISI Group’s medical division, LISI Medical, a contract development and manufacturing organization specializing in components used by medical
TruArc Sells Ideal Tridon to Nautic
TruArc Partners has sold Ideal Tridon, a manufacturer of fastening, sealing, and support systems, to Nautic Partners. Ideal Tridon’s products include hose clamps, pipe supports,
More Private Equity News
Sky Island Carves Scranton Products from AZEK
HCPI Launches Artisan Bakery
New Water Continues Build of Nelson Miller Group
HCI Exits TSM Corporation
New Funds
Lucky Number Seven: LLCP Closes Newest Fund at $3.6 Billion
Levine Leichtman Capital Partners (LLCP) has closed LLCP Fund VII LP above its target with over $3.6 billion in capital commitments. Fund VII was backed
One Rock Closes New Flagship Fund
One Rock Capital Partners has closed its largest fundraise to date, securing $3.97 billion in total capital commitments for its flagship fund, One Rock Capital
Avista Healthcare Closes GCM Continuation Fund
Avista Healthcare Partners has closed Avista Healthcare Partners CV II LP (ACV II), a single-asset continuation fund for GCM, a maker of precision medical components. The
Churchill Closes New Co-Investment Fund
Churchill Asset Management, an affiliate of Nuveen, has held a final, oversubscribed, and hard cap close of Churchill Co-Investment Fund II LP (Fund II) with
People on the Move
Soundcore Adds Two Investment Pros
Canaccord Genuity Builds Investment Banking Team
