KPS Capital Partners has signed an agreement to sell its portfolio company Waupaca Foundry to Hitachi Metals for $1.3 billion in cash. Completion of the transaction is expected during the fourth quarter. Waupaca Foundry, with annual sales of approximately $1.7 billion, is the largest iron foundry company in the world and produces gray and ductile…...
Archives for August 19, 2014
Riverlake Acquires Guerdon Enterprises
Riverlake Partners has made a majority equity investment in Guerdon Enterprises, a producer of large multi-unit modular buildings. Riverlake was joined in its investment by Main Street Capital Corporation which provided a $11.2 million first lien, senior secured term loan and a $2.4 million equity investment. Guerdon Enterprises is one of the largest off-site producers…...
CHS Capital Exits Dura-Line
CHS Capital has reached an agreement to sell Dura-Line, a manufacturer of protective conduits, to Mexichem, S.A.B. de C.V., for a total of $630 million in cash and assumed liabilities. The transaction is expected to close in the fourth quarter of 2014. Dura-Line is a manufacturer and distributor of communication and energy infrastructure products and…...
Linsalata Exits The Home Décor Companies
Linsalata Capital Partners has sold its portfolio company, The Home Décor Companies, to Nielsen Bainbridge Group, a portfolio company of Kohlberg & Company. Linsalata first invested in Home Décor in June 2004. Home Décor provides a collection of decorative home accessories to retailers throughout North America. Product categories include portable lighting, wall décor, accent furniture,…...
Hastings Closes Fund 3 at $172 Million
Hastings Equity Partners has held a final closing of Hastings Equity Fund III, LP (Fund III) with $172 million in commitments. Hastings invests in lower middle-market energy services and equipment companies. Investors in Fund III include one of the largest foundations in the US, a university endowment, a fund-of-funds, and several family offices. “We appreciate…...
