Investcorp has sold its portfolio company CCC Information Services, a provider of software and workflow tools to the insurance automotive claims and collision repair industries, to Leonard Green & Partners for $550 million. CCC Information Services (CCC) is the nation’s leading provider of advanced software and workflow tools to the insurance automotive claims and collision…...
Archives for January 16, 2013
Beekman Closes Second Lower Middle Market Buyout Fund
The Beekman Group has held a final closing of its second investment fund, Beekman Investment Partners II, with $100 million in equity commitments. The new fund had a 90% re-commitment rate from its first fund investors. “We are pleased to have raised $100 million in the current environment and to have surpassed our debut fund…...
Victory Park Capital Names Jordan Allen COO
Victory Park Capital has named Jordan Allen, a 20-plus-year veteran of the hedge fund and private equity industries, as principal and chief operating officer. In this new position, Mr. Allen will oversee business operations at Victory Park. “As our business continues to experience growth, so do the needs of our infrastructure and the scope and…...
Lincoln International Represents Clearview Capital in Sale of Air Cooled Exchangers
Clearview Capital has sold its portfolio company Air Cooled Exchangers, a manufacturer of air-cooled heat exchangers used in the energy industry, to Alfa Laval. Lincoln International acted as the exclusive financial advisor to Air Cooled Exchangers and Clearview. Air Cooled Exchangers (ACE) is a manufacturer of air-cooled heat exchangers used to cool air, natural gas,…...
Babson Provides Sub Debt and Equity to Back Linsalata’s Buy of Stag-Parkway
Babson Capital Management has provided subordinated debt and made an equity co-investment to support Linsalata Capital Partners’ acquisition of Stag-Parkway, a distributor of aftermarket RV parts and accessories. Stag-Parkway is a distributor of aftermarket RV parts and accessories to RV dealers in the United States. The company focuses on nondiscretionary maintenance, repair and operations equipment…...
