Wellspring Capital Management has acquired Qualitor, a supplier of branded aftermarket safety and wear products for the automotive aftermarket, from HCI Equity Partners. “We are delighted to invest in Qualitor, which has built a strong platform for future growth under its recession-resistant and highly efficient, asset-light business model. We intend to work closely with management…...
Private Equity Distributions Hit an All-Time High in 2013
During a 2013 in which low interest rates pushed many investors into equities, the public equity markets saw stellar returns, beating out the performance of investments in US private equity and venture capital for the year. But these alternative assets also fared well, with US private equity and venture capital funds having their best annual…...
Gryphon Investors Sells Flagstone Foods to TreeHouse Foods
Gryphon Investors will sell its portfolio company Flagstone Foods to TreeHouse Foods in a transaction valued at $860 million. Flagstone Foods is a providers of branded and private-label healthy snacks to major retailers across North America in the multi-billion dollar healthy snacks sector. The company was formed in November 2010 when Gryphon simultaneously acquired two […]
American Securities Closes Third Fund at $1Billion Hard Cap
American Securities has held a final closing of its third distressed private equity investment partnership, American Securities Opportunities Fund III, L.P.(ASOF III), with total capital commitments from external investors of $1 billion. The partnership was oversubscribed and hit its hard capitalization, ending with nearly 40 percent more capital than its $753.4 million predecessor, American Securities…...
Alcoa’s To Acquire Firth Rixson from Oak Hill
Alco, a leader in aerospace jet engine components, will purchase Firth Rixson from Oak Hill Capital Partners, for $2.85 billion in cash and stock and an additional $150 million potential earn-out. The buy of Firth Rixson increases Alcoa’s 2013 pro forma aerospace revenue by 20 percent to $4.8 billion and expands product suite in growing […]