A consortium of private equity investors composed of Apax Partners, Canada Pension Plan Investment Board (CPPIB) and Public Sector Pension Investment Board (PSP) has agreed to sell Acelity Inc. and its KCI subsidiaries to 3M at an enterprise value of approximately $6.7 billion. The EBITDA multiple for this transaction is shown below. The three investors […]
Archives for May 3, 2019
Arlington Capital Adds to Tex Tech
Tex Tech Industries, a portfolio company of Arlington Capital Partners, has acquired the coating and laminating operations and U.S. defense-related operations of Highland Industries. The two acquired businesses will be renamed Tex Tech Coatings and will operate as a division of Tex Tech. Together, they will supply coated and laminated products to a variety of […]
Brown Brothers Buys 700 Valve
BBH Capital Partners has acquired 700 Valve Supply, a master distributor of specialty industrial valves used in oil and gas refining, petrochemicals and power generation. 700 Valve’s previous ownership group has retained a significant stake in the business. 700 Valve stocks more than 40,000 valves including floating ball valves for high-pressure applications, nickel alloy valves […]
Enlightenment Closes at Hard Cap
Enlightenment Capital has held a hard cap close of its third fund with $250 million in capital commitments. The fund’s original target was $200 million. Enlightenment Capital provides senior debt, mezzanine debt, and equity to middle market companies in the aerospace, defense, and government sectors. The firm was founded in 2012 and is headquartered in […]