Ongoing access to capital and financing, strengthened balance sheets and divestiture activity will continue to fuel deal activity in 2013, according to PwC US. An acceleration of deals taking place during the final months of 2012 may result in a lull in activity during the first quarter; however, these sound deal fundamentals are creating optimism…...
Archives for December 7, 2012
Teakwood Capital Adds Rick Pontin
Teakwood Capital has added Rick Pontin to its team as an Executive Partner. Mr. Pontin has held numerous leadership roles in software, communications and technology companies; working with companies ranging from a few million to over a billion dollars in revenue. As part of his role as Executive Partner, Mr. Pontin is Chairman of two…...
McCarthy Capital Acquires Gerbing’s Heated Clothing
Gerbing’s Heated Clothing, a manufacturer of heated clothing and accessories, announced today that it has been acquired by Prospect Brands, a joint venture formed by McCarthy Capital and Tom Nolan. Mr. Nolan will serve as President and Chief Executive Officer of Gerbing’s. Gerbing’s Heated Clothing has two major product lines, one directed at motorcyclists and…...
Apollo Global Management Acquires AURUM
Apollo Global Management has signed an agreement to acquire AURUM Holdings, a prestige and luxury jewelry retailer. The acquisition is expected to close in the first quarter of 2013. AURUM is the largest prestige and luxury jeweler in the UK, which includes the Watches of Switzerland, Mappin & Webb and Goldsmiths brands within its portfolio. …...
Comvest Exits Security Chimneys
Comvest Partners has sold Security Chimneys International, a subsidiary of its portfolio company Innovative Hearth Products, to M&G Duravent. Security Chimneys is a manufacturer of residential and commercial venting products and accessories located in Laval, Canada (www.securitychimneys.com). “We are excited to see Security Chimneys join forces with M&G Duravent. Duravent’s focus and strength in the…...
