Nova Capital Management has completed the previously announced acquisition of five industrial businesses that comprised all of the operating subsidiaries of Latshaw Enterprises, a US based industrial group. “We are delighted to have completed this portfolio acquisition. It fits perfectly with our strategy of buying groups of companies in a single transaction, which are well […]
Archives for November 2012
McCarthy Capital Acquires Environmental Planning Group
McCarthy Capital has acquired Environmental Planning Group (EPG), an environmental planning and design firm. The investment in EPG was made through McCarthy Capital Fund V. Environmental Planning Group is an environmental consulting firm offering services in environmental planning, landscape architecture, land-use planning, biological and cultural resources, earth sciences, paleontology, public involvement, geographic information systems and […]
Berkshire Partners Acquires Farm Boy
Berkshire Partners has signed an agreement to make a growth equity investment in Farm Boy, an Eastern Ontario based retail grocer. “We are excited to partner with the founding Bellemare family, CEO Jeff York and the rest of the management team of Farm Boy, and we believe the company is very well positioned for future […]
Ferrer Freeman Acquires Arcadia Solutions
Arcadia Solutions, a provider of data-driven health IT services, has been acquired by Ferrer Freeman & Company and members of the Arcadia senior management team. Arcadia Solutions is a provider of data-driven Health IT services that engages with both payors and providers to design, implement, and manage healthcare information technology infrastructure and applications in ambulatory […]
Aisling Capital Acquires Cypress Pharmaceuticals and Hawthorn Pharmaceuticals
Pernix Therapeutics, a specialty pharmaceutical company and a portfolio company of Aisling Capital, has entered into an agreement to acquire privately-owned generic pharmaceutical companies Cypress Pharmaceuticals and Hawthorn Pharmaceuticals for $101 million. Pernix has received a commitment from MidCap Financial for a $60 million credit facility to support the transaction. MidCap Financial will serve as […]
Monroe Capital Launches MC Healthcare Finance
Monroe Capital has launched a new healthcare finance company to assist lower middle-market healthcare companies in meeting their liquidity needs to fund working capital, growth initiatives, expansion, and refinance existing debt. The new firm, MC Healthcare Finance, will provide short-term, asset-based funding for healthcare companies located throughout the United States. MC Healthcare is led by […]
Abacus Backs Latest WestView Acquisition
Abacus Finance Group served as Administrative Agent and Sole Lead Arranger for a $35 million credit facility in support of the recapitalization of Park Place Technologies by WestView Capital Partners and the company’s management team. Park Place Technologies is a provider of outsourced third-party data center hardware maintenance, specializing in multi-vendor support for servers, storage […]
Consumer Foods and Private Equity Drive Retail & Consumer Deals
Corporations spinning off businesses, private equity investment in retail, and continued cross border activity and expansion into e-commerce drove retail & consumer merger & acquisition activity in the third quarter of 2012, according to PwC’s US retail and consumer M&A insights Q3 2012 report which was published today. For the three month period ending September […]
Liberty Lane Partners Exits Prestolite Wire
General Cable Corporation has acquired Prestolite Wire, a manufacturer of wire and cable products and a portfolio company of Liberty Lane Partners. Through its two operating divisions, Prestolite manufactures a range of wire and cable products and harnesses serving predominately transportation original equipment manufacturers, tier one auto suppliers, and OEM distribution customers. The company’s Wire […]
WestView Capital Partners Acquires Park Place Technologies
Park Place Technologies, a provider of third-party hardware maintenance services to small and medium enterprises, announced today that its current management team, led by CEO Ed Kenty, has partnered with WestView Capital Partners to recapitalize the company. “We look forward to working with the Park Place team as they continue to capitalize on the growing […]
Harbour Group Acquires CPS Products
The Harbour Group has acquired CPS Products, a manufacturer of HVAC tools, equipment, and instruments. “With its outstanding technology and rock-solid reputation, we are thrilled to welcome CPS into the Harbour Group family,” said Jeff Fox, Harbour Group’s chairman and chief executive officer. “Ed Jeffers has built a great business, and we look forward to […]
Vista Equity Partners Acquires ADP Taxware Division
ADP has signed an agreement to sell its ADP Taxware business, a provider of sales, use and value-added tax compliance services, to Vista Equity Partners. The transaction is expected to close by year end. The ADP Taxware business is a provider of automated solutions for sales, use and value-added tax compliance. The business serves more […]
Genstar Capital Exits Confie Seguros
Confie Seguros, a U.S. personal lines insurance broker primarily serving the Hispanic population and a portfolio company of Genstar Capital, has been acquired by ABRY Partners. Confie Seguros is a national insurance distribution company primarily focused on the insurance needs of Hispanic consumers. Confie Seguros has annual revenue approaching $200 million with over 300 retail […]
Riverside Acquires Digital University
OnCourse Learning, a portfolio company of The Riverside Company, has acquired Digital University, an online bank and credit union regulatory compliance training company. “Digital University is a perfect fit for OnCourse,” said Riverside Managing Partner Loren Schlachet. “It offers an outstanding set of courses and has a deep and valuable customer base. Digital University is […]
Summit Partners Invests in Round Table Pizza
Round Table Pizza, a pizza chain in the western U.S., has completed the refinancing of its senior debt with Summit Partners. On November 2, 2012, the company entered into a $35 million senior secured credit agreement with Summit Partners. Under the new credit facility, Round Table obtained a term loan in the aggregate principal amount […]
Thoma Bravo Acquires Crossbeam Systems
Thoma Bravo has acquired Crossbeam Systems, a provider of network security services. Crossbeam’s current senior management team will continue to manage the company. Crossbeam Systems provides network security services to fixed and mobile operators such as Telefonica, BT, NTT Globe Telecom, Cell C and enterprise customers such as Fiserv, Volkswagen Group and Motel 6. The […]
F.N.B. Capital Corporation Exits Celtic Healthcare
F.N.B. Capital Corporation has exited its investment in Celtic Healthcare, a home healthcare and hospice services, through the sale of the business to The Washington Post Company. Edge Healthcare Partners served as the exclusive financial advisor to Celtic Healthcare on this transaction. Celtic Healthcare is a multi-state provider of Medicare-certified home healthcare and hospice services […]
Monroe Capital Expands Syndicated Credit Facility to $55 Million
After completing its initial public offering last month, Monroe Capital has now increased the loan commitments on its syndicated credit facility led by ING Capital by $30 million to $55 million and four new lenders have joined the facility. “We are very pleased that we could upsize our credit facility so quickly after our initial […]