American Capital has closed American Capital Equity III, LP (ACE III), its new private equity fund focused on investing in US companies in the lower middle market, with $1.1 billion in capital commitments. The investor group for ACE III was led by funds advised by Coller Capital, Goldman Sachs Asset Management and StepStone Group. Other…...
Archives for September 26, 2014
Renovo Closes Fund II Above Target
Special situations private equity firm Renovo Capital has held a final closing of Renovo Capital Fund II LP with $132 million of capital commitments. The firm’s previous fund, Renwood Opportunities Fund I LP, in partnership with The Rosewood Corporation, was raised in 2010 with $50 million in capital commitments. “The performance of our first fund…...
Intrepid Advised Pfingsten’s Tropitone on Sale to Brown Jordan
Intrepid Investment Bankers, a mid-market investment bank, served as the exclusive financial advisor to Tropitone, a portfolio company of Pfingsten Partners, on its recent sale to Brown Jordan International (Pfingsten Exits Tropitone Furniture). Tropitone is a designer and manufacturer of upscale, casual outdoor furniture for the specialty retail and commercial markets. Products include chairs, chaise…...
American Capital Invests in BDA
American Capital has committed up to $75 million in financing for Bensussen, Deutsch & Associates, a provider of merchandising and brand management services. Bensussen Deutsch & Associates (BDA) provides marketing and brand management services to companies in multiple business segments including major sports leagues, global entertainment, consumer electronics, automotive, consumer packaged goods, beverage, retail, hospitality,…...
The Riverside Company Invests in Medical Payment Exchange
The Riverside Company has made an investment in Medical Payment Exchange, a provider of healthcare-related claims management services. Medical Payment Exchange (MPE) is a health care information technology company that assists its customers with managing their reimbursement claims by bundling claims into more manageable cash flow streams, thereby reducing the administrative burden of claim management…....