CDPQ Buys Stake in Allied Universal

CDPQ Buys Stake in Allied Universal

Paris-based private equity firm Wendel has agreed to sell approximately 40% of its equity stake, along with other existing shareholders, in Allied Universal, one of the largest providers of security services in North America, to Caisse de dépôt et placement du Québec (CDPQ). This transaction places an enterprise value of $7 billion on Allied Universal. […]

GTCR Buys Back AssuredPartners

GTCR Buys Back AssuredPartners

Apax Partners’ eighth fund, Apax VIII LP, has agreed to sell its equity interest in AssuredPartners, a US insurance brokerage, to GTCR. GTCR previously owned AssuredPartners from its inception in 2011 until its sale to Apax VIII in October 2015. Apax is not completely exiting this investment as Apax IX LP, a $9 billion fund […]

Easy A’s and Killer B’s

Easy A’s and Killer B’s

Headlined by a near-record valuation mark of 7.8x Trailing Twelve Months (TTM) Adjusted EBITDA, completed deal activity in the fourth quarter of 2018 showed that there is plenty of “oomph” remaining in this extended seller’s market, according to GF Data’s just-released February report. Valuations averaged 7.2x for all of 2018, essentially in line with 7.3x […]

TA Adds Vice President

TA Adds Vice President

TA Associates has hired Amit Jain as a vice president. He will be part of the firm’s North America Technology Group and will be based in TA’s Menlo Park office. Prior to joining TA, Mr. Jain was a senior associate with Marlin Equity Partners in the firm’s Los Angeles office. Earlier in his career, from […]

CORE Closes High Demand First Fund

CORE Closes High Demand First Fund

CORE Industrial Partners has held a final close of CORE Industrial Partners Fund I LP with total commitments of $230 million. The new fund was significantly oversubscribed with demand in excess of the initial target of $200 million and initial hard cap of $225 million. The new fund’s limited partners include university endowments, insurance companies, […]

Falfurrias Closes New Fund

Falfurrias Closes New Fund

Falfurrias Capital Partners has closed its new middle-market private equity fund, Falfurrias Capital Partners IV LP (FCP IV), at its hard cap of $500 million. The firm’s earlier fund closed with $275 million of capital in March 2017. Falfurrias makes equity investments in growth-oriented middle-market companies that have revenues in excess of $10 million and […]

Pfingsten Closes Eighth Fund V Platform

Pfingsten Closes Eighth Fund V Platform

Pfingsten has acquired Full Spectrum Group, a national, multi-vendor service provider for laboratory instrumentation. Full Spectrum is a provider of repair, maintenance and validation services for laboratory instrumentation. Validation ensures that a product, service, or system meets requirements and specifications and is a required component of ISO 9000 certification. Full Spectrum offers service contracts, preventative […]

Varsity Adds to Probo Medical

Varsity Adds to Probo Medical

Probo Medical, a portfolio company of Varsity Healthcare Partners since October 2018, has acquired Trisonics. Trisonics is a provider of ultrasound service, support, systems, parts, transducers/probes and service training.  The company’s inventory includes new, used, and refurbished ultrasound systems and parts from GE, Philips, Siemens, Sonosite, Toshiba and others. Trisonics was founded in 2004 and […]

May River Merges Pump Makers

May River Merges Pump Makers

May River Capital, together with Longview Asset Management and Knox Capital Holdings, has formed Industrial Flow Solutions to facilitate the merger of BJM Pumps with Stancor BJM Pumps was acquired by May River in August 2017 and was the firm’s first acquisition in a strategy to create an industrial pump platform. Stancor was acquired by […]

Blue Sage Closes All-State Buy

Blue Sage Closes All-State Buy

Blue Sage Capital has acquired All-State Industries, a manufacturer of non-metallic components used by original equipment manufacturers across a range of end markets. All-State’s products are used for sealing, acoustics, thermal management, motion control, instrumental panel and impact absorption applications for customers in the agricultural, mining, construction, truck, recreational vehicle, marine, medical, utility and power […]

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