Unifrax, a portfolio company of Clearlake Capital, has agreed to acquire publicly traded Lydall at an enterprise value of approximately $1.3 billion. Clearlake acquired Unifrax from American Securities in October 2018. Lydall (NYSE: LDL) designs and manufactures specialty filtration media, industrial thermal insulation products, and acoustical barriers. The company’s products are used by original equipment […]
Archives for June 21, 2021
Platinum Sews Up Singer
Platinum Equity has agreed to acquire a majority stake in SVP-Singer Holdings (“SVP Worldwide”), the world’s largest consumer sewing machine company. Singer was formed in 1851 by Isaac Singer and Edward Clark. The company began marketing its consumer sewing machines in 1855 and won first prize at the Paris world’s fair that year becoming one […]
GI Closes Fund VI
Middle-market investor GI Partners has held an oversubscribed and above target closing of GI Partners Fund VI LP with $3.9 billion in total commitments. The firm’s earlier fund closed at its hard cap in November 2017 with $2.8 billion in capital. Limited partners in Fund VI include sovereign wealth funds, pensions, financial institutions, investment management […]
Palladium Creates Position, Hires Business Development Director
Palladium Equity has added Meahgan O’Grady to its team as Director of Business Development, a newly-created position. Through her past work experience, Ms. O’Grady brings to Palladium numerous relationships across multiple channels, including development teams of both public and private corporations, investment banks and proprietary sources including entrepreneurs, industry executives, advisors and private wealth managers. […]
EverArc to Buy SK Capital’s Fire-Fighting Products Maker
EverArc Holdings, a publicly-listed acquisition company, has agreed to acquire Perimeter Solutions, a portfolio company of SK Capital, in a transaction valued at approximately $2 billion. Perimeter was formed by SK Capital in March 2018 to acquire the fire safety and oil additives businesses of Israel Chemicals. The fire safety business supplies chemicals and services […]
