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Archives for 2016

Rock Hill Sees the Light with Tideland Signal Add-On

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IMT nf1Tideland Signal Corporation, a portfolio company of Rock Hill Capital Group, has acquired IMT BV Group of Companies. Tideland Signal was acquired by Rock Hill in June 2012. According to Rock Hill, the Tideland and IMT product mix is highly complementary and together the two companies comprise the broadest marine aids-to-navigation products portfolio in the industry.

IMT nf12IMT makes and sells lighting, navigation and signalization products and systems used by offshore wind farms, oil and gas companies, and marine, construction and governmental organizations. IMT is headquartered in The Netherlands and has subsidiaries in Singapore, the UK and Germany (www.imt.eu/en).

Tideland Signal provides marine aids-to-navigation (AtoN) systems worldwide that are used by Coast Guards, Navies, ports and harbors, offshore oil and gas companies, and other marine authorities. Products and services include rotationally molded polyethylene buoys, self-contained LED lanterns, conventional LED lanterns, range lights, fog signals, fog detectors, solar power systems, rotating beacons and related installation and repair services. The company was founded in 1954 and is headquartered in Houston with additional offices in the US, Canada, Singapore, United Arab Emirates, China and the United Kingdom (www.tidelandsignal.com).

Randall Hale nf1“The IMT acquisition represents a synergistic expansion of Tideland’s geographic and product capabilities that compliments the company’s strategic goal of being the world’s leading AtoN provider,” said Randall Hale, Founder and Managing Director of Rock Hill.

Rock Hill Capital Group invests in small-to-lower middle market companies with enterprise values up to $75 million and EBITDA of less than $10 million that are located in the South and Southeast regions of the US. Sectors of interest include industrial and energy services and value-added distribution. The firm was founded in 2008 and is based in Houston (www.rockhillcap.com).

© 2016 PEPD • Private Equity’s Leading News Magazine • 1-6-16

CI Capital Raises Fund 3 in 3 Months

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ci capital nf1CI Capital Partners has closed its third fund, CI Capital Investors III, LP, at the target and hard cap of $750 million. With the closing of Fund III – the new fund was in the market for less than three months – CI Capital now has $1.9 billion of assets under management.

Fund III will continue CI Capital’s strategy of making control investments in middle‐market buyouts primarily in North America.  The firm invests from $25 million to $100 million in middle market companies in the following sectors: business services, consumer services, distribution, government services and defense, and light manufacturing. Since its founding in 1993, CI Capital and its portfolio companies have made more than 150 acquisitions representing over $7 billion in enterprise value. The firm is based in New York (www.cicapllc.com).

According to CI Capital, the new fund got strong support from its existing investors and the firm selectively added new investors including endowments, foundations, pension funds, financial institutions and family offices.  CI Capital’s founding CEO Frederick Iseman and other investment professionals at the firm have also made personal capital commitments to Fund III of over $100 million.

fred iseman nf1“We are pleased to announce the final closing of Fund III.  We appreciate the trust both our existing and new investors have shown us,” said Mr. Iseman. “The successful fundraising underscores both the strength of our team and our investors’ enthusiasm for our investment approach.  We look forward to investing Fund III on behalf of all our investors.”

Monument Group, a fund placement agent with offices in Boston, London, Tokyo and Hong Kong, assisted CI Capital Partners with raising Fund III.

John Mccormick nf1“Monument Group was privileged to work with CI Capital on this very successful fundraise,” said John McCormick, Managing Director at Monument Group. “The significant investor interest and support was among the strongest Monument Group has seen in our more than 20 year history and is a testament to the CI Capital team’s depth and breadth of experience.”

Since its founding in 1994, Monument Group has assisted in raising 74 funds with a total of $81 billion of equity across a range of investment strategies (www.monumentgroup.com).

Wachtell, Lipton, Rosen & Katz served as legal counsel on the Fund III capital raise.

© 2016 PEPD • Private Equity’s Leading News Magazine • 1-6-16

Samantha Adams and Thomas Kuo Promoted at Berkshire

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berkshire partners nf1Berkshire Partners has appointed Samantha Adams and Thomas Kuo as new managing directors.

With the promotions of Ms. Adams and Mr. Kuo, the managing directors of Berkshire now number 24 and have an average tenure of 16 years with the firm. Berkshire’s staff has a range of backgrounds and experiences, including operations, consulting and finance. The original team – which came together in the mid-1980s – has expanded significantly as the firm’s capital base and investment scope have grown.

Samantha Adams nf1Ms. Adams joined Berkshire in 2012 as Director of Talent Management. Prior to joining Berkshire, Ms. Adams held various positions at Bank of America, Hill Holiday Advertising, Discovery Health Channel and Bain & Co. She has an AB from Harvard College and an MBA from Harvard Business School.

thomas kuo nf1Mr. Kuo joined Berkshire Partners in 2007 and has experience with Berkshire’s business services, industrial and transportation companies. Prior to joining Berkshire, Mr. Kuo was in the private equity industry for several years, holding positions at General Atlantic and Goldman Sachs. He has an AB from Harvard College and an MBA from Stanford Business School.

Berkshire Partners invests from $50 million to $500 million of equity capital in mid-sized companies operating in the following sectors: consumer products and retail, business services, industrials, communications, and transportation.  The firm is currently investing from Berkshire Fund VIII, a $4.5 billion fund raised in 2011. Berkshire Partners was founded in 1986 and is based in Boston (www.berkshirepartners.com).

© 2016 PEPD • Private Equity’s Leading News Magazine • 1-6-16

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