American Family Insurance has reached agreement to acquire PGC Holdings Corp. (Permanent General Companies) and its subsidiaries, including non-standard auto insurers Permanent General and The General, from Capital Z Partners in a transaction valued at $239 million. “It is a bittersweet day for the Cap Z family,” said Brad Cooper, managing partner of Capital Z […]
Archives for September 2012
KKR Acquires Tandus Flooring
Tarkett Group, a manufacturer of flooring and sports surfaces and a portfolio company of KKR, has acquired Tandus Flooring, a US-based floorcovering designer and manufacturer. Tarkett Group is owned by the Deconinck family (50 percent) and private equity funds affiliated with KKR (50 percent). Tandus is a manufacturer of modular carpet and higher-end broadloom and […]
Craig-Hallum Adds Two Former Lazard Middle Market Group Co-Heads
Craig-Hallum Capital Group has added two former Lazard Middle Market managing directors and group co-heads to their Investment Banking Group. Steve Beck and Jamie Frommelt have joined Craig-Hallum as managing directors and co-heads of mergers and acquisitions. “Jamie and Steve bring a level of dedication and experience to our M&A practice that we believe will […]
LBC Credit Partners Backs Latest Centre Lane Acquisition
LBC Credit Partners has agented a $53.8 million senior secured term loan to support the purchase of Focus Products Group by Centre Lane Partners. LBC was the Agent and Sole Bookrunner for the syndicated facility. “This transaction had its twists and turns, but we had confidence in LBC based on our prior history,” said Mayank […]
Arsenal Capital Partners Acquires IGM Resins
Arsenal Capital Partners has acquired IGM Resins, a supplier of intermediates used in the ultraviolet radiation cure coatings, inks and adhesives industry. “We are delighted with the opportunity to invest in a global company with the ability to provide complete solutions to the highly attractive UV cure end markets. The acquisition of IGM Resins further […]
