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 […]
