Sunrise Produce, a produce distribution company and a portfolio company of Investcorp, has acquired Moceri Produce, a produce distributor based in San Diego. Sunrise’s products include over 3,000 SKUs of dairy, eggs and cheese; fruits and vegetables; nuts and seeds; rice, grains, beans and legumes; oils and dressings; and proteins. The company’s more than 2,000 […]
Archives for May 2024
Arcline Exits Voltyx with Sale to Asplundh
Arcline has sold Voltyx Energy Solutions, a provider of electric infrastructure services, to family-owned Asplundh. Voltyx specializes in technical electric infrastructure services, including design and engineering, testing and commissioning, and repair and maintenance to more than 1,500 utility, renewable energy, data center, commercial and industrial customers. Arcline acquired Electric Power Systems International (EPS) and North […]
Riata Closes Newest Fund Above Hard Cap
Riata Capital Group (RCG) has closed its second fund, RCG Equity Fund II LP, above its hard cap with capital commitments of $285 million. RCG makes control and non-control equity investments of $25 million to $150 million in companies with $5 million to $30 million of EBITDA and enterprise values of $25 million to $300 […]
Within the Complexity of the Lending Market: The Advisor Advantage
The Dynamic World of Private Credit Reflecting on the past eighteen months, it’s hard not to be reminded of the old saying, “The only constant in life is change.” The rapid pace of change and disruption in the credit markets has been reminiscent of the Global Financial Crisis. The commercial bank and broadly syndicated markets […]
L Squared Closes Big Exit with Sale of Raptor Scientific
Publicly traded TransDigm Group has agreed to acquire Raptor Scientific from L Squared Capital Partners for approximately $655 million in cash. Raptor Scientific was founded in September 2019 by L Squared to invest in the highly fragmented aerospace-focused testing and measurement systems market. At that time, L Squared backed the effort with a $60 million […]
