Kohlberg & Company has acquired Risk Strategies Company (RSC), an insurance & benefits brokerage firm. Kohlberg invested in Risk Strategies Company through its new $1.6 billion fund, Kohlberg Investors VII, which closed in May 2013. As part of the transaction, insurance industry executive Roger Egan has joined RSC as Executive Chairman. Mr. Egan brings 40 […]
Archives for June 28, 2013
Bridgepoint Exits Permaswage
Permaswage, a designer and manufacturer of aerospace fluid fittings and a portfolio company of Bridgepoint, has been sold to Precision Castparts for $600 million in an all cash transaction. Bridgepoint acquired Permaswage in 2007. Permaswage is an aerospace component supplier manufacturing permanent and separable couplings used to connect hydraulic, air, fuel or other tubing in […]
Keating Capital Completes Tremor Video IPO
Tremor Video, a portfolio company of Keating Capital, has completed the pricing of its initial public offering of 7.5 million shares of common stock at a price of $10 per share. The company’s shares are now trading on the New York Stock Exchange under the ticker symbol TRMR. Keating Capital invested $4 million in Tremor […]
Fulcrum Equity Adds Partner
Jim Douglass has joined Fulcrum Equity as a Partner. In his new role, Mr. Douglass will work with Fulcrum’s existing portfolio companies and will also be tasked with sourcing new investment opportunities. “We’ve known Jim for over 20 years and have enjoyed watching his career develop and blossom,” said Fulcrum Founding Partner Jeff Muir. “We […]
LBC Backs Monomoy’s Recapitalization of MPI
LBC Credit Partners was Administrative Agent and Lead Arranger for a $35 million second lien term loan to support a recapitalization of MPI Products by Monomoy Capital Partners. Monomoy acquired MPI Products in November 2012. MPI Products is a manufacturer of automatic transmission products, supplying automotive original equipment manufacturers with clutch plates, separator plates, and […]