Vance Street Capital has formed Spectra A&D Holdings to acquire and merge three aerospace and defense technology companies. The three acquired businesses include Las Cruces, New Mexico-based Calculex; and Alpharetta, Georgia-based Argon Corporation and FDS Avionics. Together these companies design and manufacturer avionics and electronics that record, process, route, and display data used in aerospace […]
Archives for February 26, 2021
Varsity Closes Fifth Probo Add-On
Probo Medical, a portfolio company of Varsity Healthcare Partners since October 2018, has acquired IMAX Medical. IMAX specializes in the sale, purchase, inspection, installation/de-installation, and transport of pre-owned medical diagnostic imaging equipment including ultrasound, X-Ray, CT and MRI systems. The company, led by CEO Simon Roussel, was founded by Patrick Roussel in 2012 and is […]
Goldman Takes Minority Stake in Arlington Capital
Goldman Sachs Asset Management (GSAM) has made a non-voting minority equity investment in Arlington Capital Partners. Arlington Capital was founded in 1999 and has completed over 90 acquisitions since its inception. Sectors of interest include government-regulated industries and adjacent markets including aerospace & defense; government services; and technology, healthcare, and business services. The investment in […]
Brand Investor Prelude Growth Hits Hard Cap
Prelude Growth Partners, an investor in consumer brands, has closed Prelude Growth Partners II LP at its hard cap of $250 million. The firm’s second fund was oversubscribed and was raised in just four months. Institutional limited partners in the new fund include university endowments, charitable foundations, pension funds and global banks. New York City-based […]