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…...
Archives for August 30, 2012
Clayton, Dubilier & Rice Acquires David’s Bridal
Clayton, Dubilier & Rice has signed an agreement to acquire David’s Bridal, a specialty retailer of bridal gowns and a portfolio company of Leonard Green & Partners which acquired the company in November 2006. Leonard Green will maintain a minority interest in the company. The transaction values the company at approximately $1.05 billion. “The company’s…...
TSG Consumer Partners Exits Yard House
Darden Restaurants has completed the acquisition of Yard House USA, for $585 million in an all-cash transaction, from private equity firm TSG Consumer Partners. Yard House, which launched its first restaurant in 1996, offers contemporary American cuisine with a wide range of draft beers and other beverages. The brand has grown to 40 restaurants across…...
Pine Creek Exits Drew Foam
Pine Creek Partners has sold its portfolio company Drew Foam Companies, an expandable polystyrene foam molder, to Gladstone Investment Corporation. Drew Foam is an expandable polystyrene foam molder and fabricator for a variety of applications in packaging and construction. The company serves the Texas, the Gulf Coast and the Southeastern U.S. markets. Drew Foam operates…...
White Wolf Capital Acquires Hilco Plastics
White Wolf Capital and Gemini Investors have acquired Hilco Plastics, a plastic injection molder, in partnership with the company’s management team. Hilco is a custom manufacturer of products that contain injection molded components for a variety of industries including automotive, medical, furniture, marine, and other. Hilco was formed in 1947 and currently operates three manufacturing…...
