Comvest Partners has completed the sale of its portfolio company Aptiv Solutions, a pharmaceutical contract research organization, to ICON plc. Aptiv Solutions was acquired in 2005 through Comvest Investment Partners II. At that time the company was called Averion International and was later merged into Aptiv to create a contract research organization platform of greater […]
Archives for June 9, 2014
Monomoy and Kingsmoor Acquire Denim Manufacturing Division of the PCCA
Monomoy Capital Partners and Kingsmoor have partnered to acquire the denim manufacturing operations of Plains Cotton Cooperative Association (PCCA) through American Textile Holdings (AmTex), a newly-created acquisition vehicle. AmTex is a designer and manufacturer of both denim fabric and denim apparel products. The company converts raw cotton into denim fabric at the ACG (American Cotton […]
Francisco Partners Exits Masternaut
Francisco Partners has sold Masternaut Group Holdings, a provider of telematics services to commercial fleets, to a newly formed joint venture between Summit Partners and FleetCor Technologies. Masternaut is Europe’s largest provider of telematics services and is the result of the two separate companies, Cybit and Masternaut, which Francisco Partners acquired in 2010 and 2011 […]
MBF Healthcare Partners Exits FDC Vitamins
Vitamin Shoppe, a specialty retailer of nutritional products, today announced that it has purchased FDC Vitamins, (DBA Nutri-Force Nutrition), a contract manufacturer of vitamins, minerals and supplements from MBF Healthcare Partners. The purchase price is approximately $85 million which includes a $5 million earn out based on 2014 financial performance. FDC Vitamins provides custom manufacturing, […]
Sycamore Partners Closes Second Fund at $2.5 Billion
Sycamore Partners has closed its second fund, Sycamore Partners II, LP, with limited partner commitments of $2.5 billion. Sycamore Partners’ first fund, Sycamore Partners, LP, closed in 2012 with limited partner commitments of $1 billion. With the closing of its second fund, Sycamore Partners now has in excess of $3.5 billion in assets under management. […]
GE Antares Refinances Altamont’s McLarens Portfolio Company
GE Antares served as administrative agent on a $107 million multi-currency, cross-border credit facility to McLarens Global, a portfolio company of Altamont Capital Partners which first invested in the company in September 2011. The GE-McLarens transaction refinanced the company’s senior debt, repaid its subordinated debt and provided flexibility for future acquisitions. GE Capital Markets served […]
TCF Backs LongueVue Buy of Ascent Aviation Services
TCF Capital Funding has provided $7 million of secured financing to support the acquisition of Ascent Aviation Services Corporation, a portfolio company of Victory Park Capital, by LongueVue Capital Partners. Ascent Aviation Services is a Federal Aviation Administration licensed provider of maintenance, repair, and overhaul services for multiple platforms of aircraft. Ascent specializes in heavy […]
Lovell Minnick Promotes Jason Barg and Trevor Rich
Lovell Minnick Partners has promoted Jason Barg and Trevor Rich to Principal. “Jason and Trevor have made significant contributions to our firm over the past several years and successfully led our due diligence efforts on several new investments. Each has proven himself to be a highly skilled private equity professional and will be an important […]