KPS Capital Partners has signed an agreement to sell its portfolio company Electrical Components International (ECI) to Cerberus Capital Management. According to a source familiar with the transaction, KPS earned a return of more than 3 times its invested capital on this transaction. ECI is a manufacturer of wire harnesses and control boxes and a…...
Archives for April 27, 2018
New Mountain Exits Medical Specialties Distributors
New Mountain Capital has agreed to sell Medical Specialties Distributors to McKesson Corporation at an enterprise valuation of $800 million. Medical Specialty Distributors (MSD) is a provider of medical supplies, biomedical services, and technology services to the post-acute/non-hospital patient supply chain. MSD serves over 9,700 healthcare providers at over 11,000 sites nationwide, as well as…...
Hicks Adds to Drilling Tools International
Drilling Tools International (DTI), a portfolio company of Hicks Equity Partners, has acquired the drill pipe rental division (Premium Rental Tools) of Premium Oilfield Services. Premium Rental Tools rents drill pipe, tubing work strings, blowout preventers and handling tools to exploration and production (E&P) companies that operate in the Permian, Bakken, Gulf of Mexico shelf…...
