Investcorp has sold its portfolio company VText Holdings (Veritext) to private equity firm Pamplona Capital Management. Investcorp acquired Veritext in July 2010 from The Riverside Company which in turn had acquired the business in August 2005. Investcorp was very active during its ownership of Veritext. Since being acquired by Investcorp, the company doubled its sales…...
Archives for February 1, 2016
Sun Capital Acquires HuHot
Sun Capital Partners has acquired CCW, LLC, the largest franchisee of HuHot Mongolian Grill restaurants. HuHot restaurants feature create-your-own Asian stir-fry. The company owns and operates 21 HuHot restaurants across the Midwest, including locations in Iowa, Nebraska, Kansas and South Dakota. HuHot is headquartered in Omaha (www.huhot.com). “CCW has built a strong business on a…...
Madison Dearborn Sells Sage to Stryker
Publicly traded Stryker Corporation has signed an agreement to acquire Sage Products, a developer of healthcare products used in hospital settings and a portfolio company of Madison Dearborn since November 2012. Stryker will pay just under $2.8 billion in cash for Sage. Sage Products is a developer of products used to prevent hospital-acquired conditions such…...
InHealth Acquired by Pine Tree Equity
Pine Tree Equity has acquired InHealth MD Alliance and Medical Home Alliance (together “InHealth”). This acquisition marks Pine Tree Equity’s 2nd investment in the physician services industry. Pine Tree Equity has partnered in this transaction with the founders of InHealth, Dr. Nelson Pichardo and Mrs. Patricia Pichardo. InHealth is a provider of primary care physician…...
Brentwood Recaps Well-Performing Soft Surroundings
Consumer focused Brentwood Associates has completed a dividend recapitalization of Soft Surroundings. The dividend recap was financed through an expansion of the company’s existing credit facility and Soft Surroundings also increased its debt capacity to finance its national retail store rollout. Brentwood first invested in Soft Surroundings in August 2012. Soft Surroundings is a multi-channel…...
