Boyne Partners With Pilot Power

Boyne Partners With Pilot Power

Boyne Capital has partnered with management to acquire Pilot Power Group, a provider of electric utility billing and data management services, and energy procurement strategies. Pilot’s services are used by communities, commercial, and industrial customers in the Western US to lower utility costs, reduce commodity price-related risks, and provide greater procurement flexibility than utility-based suppliers […]

Norwegian Cruise Lines Builds Liquidity with L Catterton

Norwegian Cruise Lines Builds Liquidity with L Catterton

L Catterton has provided $400 million in exchangeable notes to NCL Corporation (NCLC), a subsidiary of publicly traded Norwegian Cruise Lines (NCL). Norwegian Cruise Lines (NYSE: NCLH) is a global cruise company which operates the Norwegian Cruise Line, Oceania Cruises and Regent Seven Seas Cruises brands. The company’s cruise itineraries range from a few days […]

KPS Buys Baker Hughes Rod Lift Business

KPS Buys Baker Hughes Rod Lift Business

KPS Capital Partners has agreed to acquire the Lufkin rod lift business from publicly traded Baker Hughes. Lufkin is a provider of rod lift products, technologies, and services that are used in the energy sector to pump oil and gas to the surface through the use of artificial pressure. Lufkin’s products include surface pumping units, […]

Altaris Acquires Drug Business from 3M

Altaris Acquires Drug Business from 3M

Altaris Capital Partners has acquired Kindeva Drug Delivery, formerly known as 3M Drug Delivery Systems, from 3M for $650 million. Kindeva Drug Delivery is a contract development and manufacturing organization (CDMO) that specializes in formulation, product development, and commercial manufacturing for the pharmaceutical and biotechnology sectors. The company has specific expertise in developing inhalation, transdermal, […]

Jerky Maker Returns Home

Jerky Maker Returns Home

Sonoma Brands has acquired KRAVE Pure Foods from Amplify Snack Brands, a business unit of The Hershey Company. KRAVE Pure Foods is a producer of gourmet meat, poultry, and plant-based protein snacks. The company was founded in 2009 and is headquartered in Austin, Texas. Sonoma Brands invests in high-growth consumer brands. The firm was founded […]

Imperial Exits Cigar Business

Imperial Exits Cigar Business

Imperial Brands has agreed to sell its worldwide premium cigar businesses (Premium Cigars) in two separate transactions – one for the US business (Premium Cigar USA), and the other for the rest of the world (Premium Cigar RoW). The two transactions total €1,225 million ($1,326 million) of consideration comprised of €185 million ($200 million) for […]

Altair Acquires Organic Food Maker

Altair Acquires Organic Food Maker

Altair Acquisitions has acquired the assets of Wildtree, a manufacturer of organic and allergen-sensitive food products. Wildtree’s products include spice blends, seasonings, rubs, sauces, marinades, oils, and dressings. Most Wildtree products are certified organic, Non-GMO or kosher. The company was founded in 1993 and is headquartered in Lincoln, Rhode Island. “We couldn’t be more excited […]

Expedia Taps PE for New Capital

Expedia Taps PE for New Capital

Publicly traded Expedia Group will raise approximately $3.2 billion of new capital, consisting of $1.2 billion of perpetual preferred stock and approximately $2 billion in new debt financing. Apollo Global Management and Silver Lake are providing the preferred stock investment. Expedia Group (NASDAQ: EXPE) is an online travel company with four business segments: Core Online […]

KKR Provides Convertible Preferred to US Foods

KKR Provides Convertible Preferred to US Foods

KKR has agreed to purchase $500 million in convertible preferred stock of US Foods. The newly issued security carries a 7% dividend, which will be payable in-kind in its first year and in cash or in-kind, at US Foods’ option, thereafter, and is convertible into common stock at $21.50 per share which is approximately 9.6% […]

Century Park Builds IT Consulting Platform

Century Park Builds IT Consulting Platform

Century Park Capital Partners has acquired Accelalpha, a provider of business and IT consulting services, and has completed an immediate add-on acquisition with the buy of Prolog Partners, also a provider of IT consulting services. Accelalpha is active with Fortune 500 and middle-market companies and its consulting services includes cloud-based supply chain and logistics applications […]