Publicly-traded TRC Companies has agreed to be acquired by New Mountain Capital in an all cash transaction valued at $17.55 per share of common stock or $554 million in total equity value. The purchase of TRC will be made through New Mountain Partners IV, LP, a $4.1 billion fund that closed in October 2014. TRC […]
Archives for March 2017
MedPlast Adds-On
MedPlast, a portfolio company of Water Street Healthcare Partners and JLL Partners, has acquired the medical device manufacturing services business of Vention. MedPlast offers a range of engineering and manufacturing capabilities that support original equipment manufacturers (OEMs) with producing diagnostic, orthopedic, surgical and other medical products. The company employs more than 1,800 engineers, technicians and […]
Opus Backs Simplex Buy
Opus Equity Partners, the private equity arm of Opus Bank, has made an equity investment in Simplex Construction Supplies to fund the acquisition and subsequent merger with JC Supply & Manufacturing. Opus will partner with Sarah Bazey, the owner and CEO of Simplex, to integrate Simplex’s distribution business with JC’s manufacturing operations. Simplex, headquartered in Minneapolis, […]
LongueVue Closes Fund III
LongueVue Capital has held a final close of LongueVue Capital Partners III, LP. The new fund was oversubscribed and closed at its hard cap of $252 million, including SBIC leverage. A number of new institutional investors committed to Fund III including The University of Texas Investment Management Company (UTIMCO). “Our complementary partnership with the US […]
Aquiline Acquires ABC Sports Camps
Togetherwork, a portfolio company of Aquiline Capital Partners, has acquired ABC Sports Camps, a provider of online registration and event management software for sports camps. ABC Sports Camps is used by hundreds of college and university coaches across the country to promote and administer sports camps and provide online registration for campers. The company offers […]
KRG Sells PAS to StandardAero
KRG Capital Partners has agreed to sell its portfolio company PAS International to StandardAero Holdings, a portfolio company of Veritas Capital since July 2015. PAS Technologies is a provider of engine and airframe component repairs, coating services (for high-wear, high-heat and highly corrosive environments), and new parts manufacturing for the commercial and military aerospace, industrial […]
Soundcore Adds On to PumpMan
PumpMan Holdings, a portfolio company of Soundcore Capital Partners, has acquired Alyan Pump. Alyan is Soundcore’s first add-on acquisition for its PumpMan platform investment. Alyan Pump is a provider of pumps, pump system installations, maintenance and repair services to the commercial, industrial, municipal and residential markets in the mid-Atlantic region of the US. The company’s […]
New Investment Director at CalPERS
The California Public Employees’ Retirement System (CalPERS) has named Clinton Stevenson as the new investment director of its Investment Management Engagement Programs (IMEP). In his new role, Mr. Stevenson will oversee IMEP (formerly Targeted Investment Programs) which provides coordination across all of CalPERS’ asset classes. Specific areas of focus are emerging and transition managers, responsible […]
H.I.G. Bayside Exits Ready Pac Foods
H.I.G. Bayside Capital, the special situations affiliate of H.I.G. Capital, has sold its portfolio company Ready Pac Foods to Bonduelle SA, one of the largest producers of canned and frozen vegetables in Europe. Ready Pac Foods, acquired by H.I.G. Bayside in April 2007, manufactures a range of food products featuring fresh produce and protein sold under […]
Gauge Closes Fund II
Gauge Capital has held a final closing of Gauge Capital II LP at the fund’s hard cap of $500 million. The new fund was oversubscribed and the partners of the firm – Drew Johnson, Tom McKelvey, and Whitney Bowman – are the largest investors in the oversubscribed fund. Gauge Capital invests from $10 million to […]
Genstar Buys Bracket from Parthenon
Genstar Capital has acquired Bracket, a provider of clinical trial technology and other specialty services, from Parthenon Capital Partners. Parthenon acquired Bracket in August 2013 from publicly-traded Express Scripts. Bracket’s services are used by pharmaceutical companies and contract research organizations to maximize the integrity of clinical data in order to achieve greater certainty in clinical trial […]
Twin Bridge Hires Matt Klinger
Twin Bridge Capital Partners has hired Matt Klinger as a Principal of the firm. Mr. Klinger will support all investment underwriting and fundraising activities for Twin Bridge. “As Twin Bridge enters its next phase of growth, we are expanding the scale and depth of our senior investment team. We are fortunate to have Matt join […]
Genstar Closes Fund VIII
Genstar Capital has held a final closing of Genstar Capital Partners VIII with $3.1 billion of limited partner capital commitments. In addition, Genstar has raised committed overage capacity of $650 million from select limited partners. Fundraising was completed in just ten weeks. The general partner and certain affiliate entities of the new fund are the […]
Bain Buys Diversey from Sealed Air
Sealed Air has entered into an agreement to sell its Diversey Care division and the food hygiene and cleaning business within its Food Care division to Bain Capital Private Equity for $3.2 billion. The acquired company – temporarily called New Diversey – is a provider of cleaning and hygiene products to the institutional marketplace, serving […]
Apax Exits GardaWorld Security
Rhone Capital and members of the senior management team of GardaWorld have agreed to acquire the company from Apax Partners. In September 2012 Apax, along with senior members of the company’s management team, acquired the company for C$1.1 billion in cash, including assumed debt. Upon closing of the transaction, Apax will no longer own shares […]
Potomac Adds On to Orion
Orion, a provider of IT services and a portfolio company of Potomac Equity Partners, has acquired New York-based Vernalis Group and India-based Vernalis Systems Private Limited. Vernalis provides software and technology services to a variety of enterprise clients in the financial services and professional athletics industries. The company was founded in 1999 and has offices […]
TopSpin Buys Midtown Record Storage
2-20 Records Management, a provider of records storage and record management, and a portfolio company of TopSpin Partners, has acquired Midtown Record Storage, a division of Steinway Moving & Storage. 2-20 Records Management, acquired by TopSpin in October 2010, provides outsourced physical storage of documents and other media (computer back-up tapes, film, and sound archives), […]
Pamplona Buys Online Obituary Company
Pamplona Capital Management has partnered with the management team of Legacy.com and acquired a majority interest in the company. Legacy.com is the global leader in online obituaries, with over 43 million visitors each month, and is ranked by Quantcast as a Top 40 domain in the United States. Through its Legacy.com and Tributes.com brands, the […]