Creative Destruction: How PE Business Development May Change Forever

Creative Destruction: How PE Business Development May Change Forever

By Mark Gartner, Principal & Head of Investment Development, ClearLight Partners “Every act of creation is first an act of destruction.” – Pablo Picasso The pandemic is stress testing everything, and COVID-19 may finally kill several business development (BD) strategies already in decline. This isn’t great news because finding good deals at reasonable prices is […]

Paul Hastings Sees Active IPO Market

Paul Hastings Sees Active IPO Market

While the U.S. IPO market ground to a halt this spring due to the outbreak of the COVID-19 pandemic, beginning in May the market came roaring back, allowing companies with IPO plans in the pipeline before the start of the pandemic to access the market. The summer resurgence has set the stage for an active […]

Graycliff Adds Semiconductor Pro

Graycliff Adds Semiconductor Pro

Daniel Rubin, an operator and investor in the semiconductor equipment industry, has joined Graycliff Partners as an operating advisor. Mr. Rubin has more than 30 years of experience in semiconductor, display, renewable energy, and biotech equipment manufacturing. He has held numerous leadership positions with large semiconductor equipment companies including Ichor Systems, Integrated Materials, Celerity, and […]

KLH Buys Industrial Services Provider

KLH Buys Industrial Services Provider

KLH Capital has acquired Insulations, a provider of industrial insulation contractor services, in partnership with the company’s management team. Insulations specializes in insulation, fireproofing, heat tracing, painting and coating, refractory, scaffolding, and abatement services. The company’s customers are active in the liquid natural gas, refining, chemical, gas processing, power, pulp and paper, general industrial, and […]

Trachte Switches Sponsors

Trachte Switches Sponsors

MPE Partners has sold a majority equity interest in Trachte USA, a manufacturer of preassembled and modularized control buildings, to Palladium Equity Partners. Trachte’s buildings are used by utilities to house electrical components that control and protect electrical infrastructure, such as transmission and distribution substations. Beyond the utilities’ market, Trachte buildings are used in industrial […]

KKR Buys 1-800 Contacts from AEA

KKR Buys 1-800 Contacts from AEA

KKR has agreed to acquire 1-800 Contacts, a portfolio company of AEA Investors and Thomas H. Lee Partners. According to 1-800 Contacts, it is the largest retailer of contact lenses in the US and has served more than 20 million customers over the past 25 years. Company-owned brands include Liingo Eyewear, 6over6, Boomerang, and Premium […]

KPS Closes Buy of Briggs & Stratton

KPS Closes Buy of Briggs & Stratton

KPS Capital Partners has closed its buy of small engine manufacturer Briggs & Stratton, including the equity of foreign subsidiaries, for approximately $550 million. On July 20th, Briggs & Stratton voluntarily filed for Chapter 11 bankruptcy protection to allow the company and its creditors to work out a reorganization plan. At that time, KPS was […]

Family Office Focused L Squared Closes Fund III

Family Office Focused L Squared Closes Fund III

L Squared Capital Partners has closed its oversubscribed third fund, L Squared Capital Partners III LLC, with just over $500 million of capital. The new fund was supported by the firm’s existing investors and several new limited partners including family office investors, a focus of L Squared since its founding in 2014. Family offices make […]

Pamlico Buys ISAAC Instruments

Pamlico Buys ISAAC Instruments

Pamlico Capital has acquired ISAAC Instruments in partnership with the company’s founders. ISAAC Instruments designs and manufactures automated telemetry and video equipment that is used by truck fleets to monitor both drivers and trucks to improve performance, productivity, compliance, and safety. Isaac, named after Sir Isaac Newton, was founded in 1999 and is headquartered near […]

HCI Builds on its Cabinet Platform

HCI Builds on its Cabinet Platform

Wellborn Forest, a portfolio company of HCI Equity Partners, has acquired De Pere Cabinet. Wellborn Forest is a designer and manufacturer of semi-custom wood kitchen and bath cabinets primarily for single-family residences. The company uses an independent sales force to market its products to kitchen and bath cabinet dealers primarily located in the southeastern and […]

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