New Providence Acquisition (NPA), a consumer-focused special purpose acquisition company (SPAC), has closed a $230 million public offering. NPA is led by Alex Coleman and Gary Smith, two experienced consumer sector investors. UBS O’Connor, a hedge fund investor and part of UBS’ asset management division, is an anchor investor in the company. Prior to the […]
Intermediate Capital Group (ICG) has hired Alan Jones as a senior managing director with responsibility for building a private equity business in North America. Mr. Jones has more than three decades of private equity experience and joins ICG after a 25-year career at Morgan Stanley where he served most recently as vice-chairman of private credit […]
Bonaccord Capital Partners and Wafra, Inc. have closed a minority investment in private equity firm AE Industrial Partners (AEI). Boca Raton-based AEI invests in the aerospace and defense, power generation and specialty industrial sectors with a specific focus on technical manufacturing, distribution and supply chain management, MRO (maintenance, repair and overhaul) and industrial service-based businesses. […]
Altamont Capital Partners has added Sharon Luboff to its team as an operating partner. Ms. Luboff and John Barr, also an operating partner at Altamont, have been tasked with acquiring and building a new medical device platform. Ms. Luboff has 37 years of experience in the medical device industry. Most recently she was as a […]
May River Capital has partnered with industry executive Jeff Oravitz to seek and acquire a specialty coatings and materials company. Steve Griesemer and Chip Grace, both partners at Chicago-based May River, are coordinating the search for the new platform. For almost 11 years Mr. Oravitz was with MetoKote, most recently as president, which was acquired […]
Greenberg Variations Capital (GVC), a new investment banking firm devoted to clients engaged in one-off or lightly competitive transactions, has opened for business, according to Andrew Greenberg, GVC’s chief executive officer. “Wide-open auctions will always have a place in the M&A market,” said Mr. Greenberg. “But more and more processes involve counterparties who have more […]
The Kroger Co. and Lindsay Goldberg have formed PearlRock Partners to invest in consumer product brands. According to the two founders, PearlRock will be one of the largest data-driven investment vehicles singularly focused on consumer brands. In order to help emerging consumer brands reach new customers and grow their business, PearlRock (www.pearlrockpartners.com) will leverage Kroger’s […]
Wafra and Landmark Partners have made a non-voting minority investment in Siris Capital Group. Siris Capital makes control investments in data, telecommunications, technology and technology-enabled business service companies in North America. The firm was founded in 2011 by Frank Baker, Peter Berger and Jeffrey Hendren and is based in New York (www.siriscapital.com). “Peter, Jeff and […]
GTCR has partnered with Gregory Lucier to form Corza Health as a new platform company to acquire life sciences and medical technology companies. GTCR will invest in Corza Health through GTCR Fund XII which closed in October 2017 with $5.25 billion of capital. Mr. Lucier will serve as the chief executive officer of Corza Health […]
Blackstone has acquired a minority stake in middle market private equity firm GI Partners. The investment by Blackstone (NYSE: BX) was made through its Strategic Capital Holdings Fund which is part of Blackstone Alternative Asset Management (BAAM), the firm’s hedge fund business which specializes in acquiring stakes in alternative asset managers. GI Partners makes control […]
