Willis Stein & Partners, Landmark Partners and Vision Capital have completed a transaction benefitting investors in Willis Stein’s third fund. The Fund 3 portfolio companies were sold to a new partnership formed by Landmark Partners, Vision Capital, and a syndicate of other investors including PineBridge Secondary Partners II. “Landmark Partners is delighted to have worked…...
Archives for August 2012
Industrial Opportunity Partners Acquires Aarrowcast
Industrial Opportunity Partners has acquired Aarrowcast, a manufacturer of ductile and gray iron castings. “We are very excited to acquire Aarrowcast, a market leader with unique manufacturing capabilities and a solid history of providing complex products to a long list of market-leading customers,” said Adam Gottlieb, Senior Managing Director of IOP. Aarrowcast operates a 210,000…...
Sorenson Capital Partners Exits Michael’s Finer Meats
Sorenson Capital Partners has sold Michael’s Finer Meats, a supplier of center-of-the-plate meats and seafood, to The Chefs’ Warehouse, a distributor of specialty food products to independent restaurants. Michael’s Finer Meats is a Midwestern supplier of center-of-the-plate meats and seafood to premium restaurants, country clubs, high-end hotels, caterers and casinos. The company’s product offering includes…...
Fox Paine Exits Paradigm
Fox Paine and Company has sold Paradigm, a provider of geoscience software, to Apax Partners and JMI Equity in a $1 billion cash merger transaction. Paradigm is a provider of geoscience software used in the exploration, discovery, and extraction of natural gas, oil, and other subsurface resources. The company is based in Houston (www.pdgm.com). Fox…...
Babson Capital Backs Latest J.F. Lehman Add-on
Babson Capital Management has provided $12 million in mezzanine debt to support the acquisition of the Chemring Marine Group Rescue Division, a supplier of marine distress signals, by Drew Marine, a portfolio company of J.F. Lehman. The Chemring’s Rescue Division is a supplier of marine distress signals to the commercial shipping and leisure markets and…...
