Calera Capital has acquired an equity interest in Transaction Services Group (TSG), a global provider of payment services. Murray Bolton, TSG’s Chairman, and other members of the senior management will retain a significant equity interest in the business. Transaction Services Group is an outsourced provider of service technologies that enable businesses to accept recurring payments […]
Archives for November 10, 2015
Baird Sells Justrite to Audax
Baird Capital has sold Justrite Manufacturing Company – a maker of safety products – to Audax Group. Baird Capital acquired Justrite in July 2011 and will continue to be a minority investor in the company. Justrite is a designer and manufacturer of safety products for the handling and storage of flammable and hazardous liquids. Products […]
KPS Exits Motor Coach Industries
KPS Capital Partners has signed an agreement to sell its portfolio company Motor Coach Industries International to New Flyer Industries for approximately $480 million. KPS acquired MCI through a complex out-of-court restructuring and change of control transaction in 2010. Motor Coach Industries (MCI) is a manufacturer of intercity coaches that are used in the tour, […]
Pfingsten Adds-On to Unified Power
Unified Power, a portfolio company of Pfingsten Partners, has acquired the UPS Division of LionHeart Power Systems. LionHeart is a provider of services and parts for the uninterruptible power market. Services include preventative and emergency maintenance, repair, testing, and battery replacement. The company is headquartered in the Chicago exurb of Huntley, IL (www.lionheartengineering.com/UPS/UPS.htm). Unified Power […]
Antares Capital and American Capital Back Snow Phipps
Antares Capital and American Capital were co-lead arrangers of a $170 million unitranche facility to support the acquisition of Kele, a portfolio company of CHS Capital, by Snow Phipps Group. Antares Capital acted as the Agent on this financing. Kele supplies control products including pressure controls, sensors, and valves that are used in commercial and […]
