Lower-middle market M&A activity in 2012 reached valuation and deal volume levels not seen since the pre-financial meltdown days of 2007, according to GF Data’s year-end report. GF Data collects and publishes proprietary transaction information from private equity groups on a blind and confidential basis. Two hundred and four private equity firms have provided information […]
Archives for February 19, 2013
LGT Capital Partners Closes Secondaries Fund at $2 Billion
LGT Capital Partners has held a final close of Crown Global Secondaries III, its third global private equity secondary fund, with total capital commitments of $2 billion. The new fund’s investor base consists of more than 80 institutions and includes sovereign wealth funds, government pension funds, corporate pension funds, insurance companies, endowments and foundations. 50% […]
GE Capital Backs KPS Capital Partners Dividend Recap at Waupaca Foundry
Earlier this month KPS Capital Partners completed a $200 million dividend recap of its portfolio company Waupaca Foundry. Proceeds for this dividend recapitalization were funded by a $200 million upsizing of a credit facility provided by GE Capital which served as the administrative agent. KPS acquired ThyssenKrupp Waupaca, Inc., which was renamed Waupaca Foundry, Inc., […]
Genstar Capital Promotes Eli Weiss and David Golde
Genstar Capital, a middle market private equity firm, has promoted Eli Weiss to Principal and David Golde to Vice President. “Developing Genstar’s team of investment professionals is one of the keys to our continued success,” said Jean-Pierre L. Conte, Managing Director and Chairman of Genstar. Mr. Weiss joined Genstar in 2008 and was named a […]
Linden Capital Partners Exits Urinalysis Business
HYCOR Biomedical, a manufacturer and marketer of in vitro diagnostic products and a portfolio company of Linden Capital Partners, has sold its urinalysis business to an affiliate of One Rock Capital Partners, Laurel Crown Partners, and StoneCreek Capital. The sale includes the KOVA® system of urinalysis products. The acquired urinalysis business will be named Kova […]
Comvest Exits Velocity Express
Comvest Partners has completed the sale of its portfolio company Velocity Express, a package delivery services provider, to TransForce, Inc. Comvest acquired its ownership stake in Velocity through the purchase of senior secured debt in August of 2009, followed by the purchase of the assets of the company through bankruptcy in November of 2009. Velocity […]