NEW FUNDS
Nexa Hard Caps Fund II
Nexa Equity has held a hard cap and oversubscribed final close of Nexa Equity Fund II LP with $390 million in capital commitments. Nexa is an investor in founder-led software
Southfield Beats Hard Cap on Fund IV
Southfield Capital has held a final close of its fourth fund, Southfield Capital IV LP, with $560 million in capital commitments. Fund IV closed above its original hard cap as
Allied Closes Inaugural $300 Million Fund
Allied Industrial Partners (AIP) has held a final and above target closing of its oversubscribed debut fund, Allied Industrial Partners I-A and I-B LP (Fund I), at its $300 million
Escalate Closes Fifth Fund at $350 Million
Escalate Capital Partners has held a final closing of its fifth fund, Escalate Capital V LP, with $350 million in committed capital. Limited partners in Fund V include J.P. Morgan
GEM Closes Independent Sponsor Fund
GEM has held a final, above-target, and oversubscribed close of GEM IS Fund LP (Fund IS), the firm’s inaugural fund dedicated to independent sponsors, with $450 million of capital commitments.
KSL Beats Target on Tactical Opportunities Fund
KSL Capital Partners has held a final close of its second tactical opportunities fund, KSL Capital Partners Tactical Opportunities II LP (Tac Opps II), with $1.44 billion in capital. Tac
Trive Beats Fund V Target
Trive Capital held a final and above-target close of its fifth flagship fund, Trive Capital Fund V LP, with total capital commitments of $2.7 billion. The new fund’s original target
NEW PLATFORMX
ACE Acquisition Puts Pfingsten on the Cutting Edge
Pfingsten Partners has acquired American Cutting Edge (ACE), a manufacturer and distributor of consumable industrial knives, blades, and razors. ACE’s product line includes precision-ground industrial knives used in plastic and food processing, flooring tools such
Caymus Lights Up with Valley Buy
Caymus Equity has acquired Valley Lighting, a provider of lighting and shading services for commercial construction and renovation projects. Valley Lighting is a provider of large-scale commercial lighting and shading systems used in complex construction
IX Capital Buys Teague Electric
IX Capital Partners has made an investment in Teague Electric, a provider of residential, commercial, and industrial electrical services. Co-investing in this acquisition alongside IX Capital was Align Collaborate. Teague Electric’s product and service offerings
Full Speed Ahead for GI Partners’ New Insurance Platform
GI Partners has launched a new Managing General Agency (MGA) platform in partnership with insurance executives Brad Emmons and Brian Hanuschak. MGAs are a specialized type of insurance firm that works on behalf of insurance
NEWS
NEW EXITS
GSTV Sold to MidOcean
Rockbridge Growth Equity has sold its majority ownership in GSTV, a national video network operating across fuel and convenience retailers, to MidOcean Partners. As part of the transaction, Rockbridge will retain a minority stake in
ACON Exits Kept with Sale to DFW
ACON Investments has sold Kept Companies, a provider of commercial and industrial cleaning services, to DFW Capital Partners. Kept Companies is a national provider of mobile power washing, specialty cleaning, and facility maintenance services across
NEW ADD ONS
Highview’s Safety Marking Takes a Straight Line to a Bigger Platform
Safety Marking (SMC), a pavement marking services provider backed by Highview Capital, has acquired Straight Line Industries. Straight Line Industries
Aurora’s Lubrication Engineers Quickly Closes Second Add-On Acquisition
Lubrication Engineers, a portfolio company of Aurora Capital Partners, has acquired RSC Bio Solutions. RSC Bio Solutions develops and supplies
Heartland Paving Partners Expands Midwest Reach With Poblocki Paving Acquisition
Heartland Paving Partners, a platform company of Soundcore Capital, has acquired Poblocki Paving Corporation. Chicago-headquartered Heartland Paving operates as a
Rochester Midland Buys OCS Chemical
Rochester Midland Corporation, a portfolio company of Peak Rock Capital, has acquired OCS Chemical Engineering, a provider of water treatment
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
Full Speed Ahead for GI Partners’ New Insurance Platform
GI Partners has launched a new Managing General Agency (MGA) platform in partnership with insurance executives Brad Emmons and Brian Hanuschak. MGAs are a specialized type of insurance firm that works on behalf
Aurora’s Lubrication Engineers Quickly Closes Second Add-On Acquisition
Lubrication Engineers, a portfolio company of Aurora Capital Partners, has acquired RSC Bio Solutions. RSC Bio Solutions develops and supplies high-performance, environmentally acceptable lubricants (EALs) used in marine and industrial applications. The company’s
FalconPoint Continues Build of Jennmar Platform
Jennmar, a provider of industrial services and products and a portfolio company of FalconPoint Partners, has acquired Rohrig Heavy Equipment Maintenance. Rohrig provides specialized heavy equipment repair and maintenance services to the construction, mining,
Brynwood’s Hometown Food Acquires Chef Boyardee
Hometown Food Company, a portfolio company of Brynwood Partners, has agreed to acquire the Chef Boyardee brand from Conagra Brands at an enterprise valuation of $600 million. Chef Boyardee specializes in shelf-stable canned
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
Mesirow Strengthens its Technology Vertical
SK Capital Hires John Novak to Lead Business Development
Brown Gibbons Lang Adds Consumer Veteran
Gridiron Adds Business Development Pro
Canaccord Genuity Hires Aerospace & Defense Pro
Abacus Finance Names New President
STRATEGIES & STUDIES
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
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
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
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
ACE Acquisition Puts Pfingsten on the Cutting Edge
Pfingsten Partners has acquired American Cutting Edge (ACE), a manufacturer and distributor of consumable industrial knives, blades, and razors. ACE’s product line includes precision-ground industrial
Caymus Lights Up with Valley Buy
Caymus Equity has acquired Valley Lighting, a provider of lighting and shading services for commercial construction and renovation projects. Valley Lighting is a provider of
IX Capital Buys Teague Electric
IX Capital Partners has made an investment in Teague Electric, a provider of residential, commercial, and industrial electrical services. Co-investing in this acquisition alongside IX
More Private Equity News
Percheron Launches Fire and Life Safety Platform
Apex Acquires Majority Stake in Juanita’s
Amberjack Acquires Industrial Thermal Services
AEA Acquires Splash Car Wash from Palladin
Graham Looks to Corner the Cookie Market
Align Capital’s StenTech Merges with BlueRing Stencils
New Funds
Nexa Hard Caps Fund II
Nexa Equity has held a hard cap and oversubscribed final close of Nexa Equity Fund II LP with $390 million in capital commitments. Nexa is
Southfield Beats Hard Cap on Fund IV
Southfield Capital has held a final close of its fourth fund, Southfield Capital IV LP, with $560 million in capital commitments. Fund IV closed above
Allied Closes Inaugural $300 Million Fund
Allied Industrial Partners (AIP) has held a final and above target closing of its oversubscribed debut fund, Allied Industrial Partners I-A and I-B LP (Fund
Escalate Closes Fifth Fund at $350 Million
Escalate Capital Partners has held a final closing of its fifth fund, Escalate Capital V LP, with $350 million in committed capital. Limited partners in
People on the Move
Mesirow Strengthens its Technology Vertical
SK Capital Hires John Novak to Lead Business Development
Brown Gibbons Lang Adds Consumer Veteran
