Oak Hill Capital Partners and GI Partners Acquire WaveDivision Holdings

Oak Hill Capital Partners and GI Partners Acquire WaveDivision Holdings

WaveDivision Holdings today announced that Oak Hill Capital Partners and GI Partners, in conjunction with Chief Executive Officer Steve Weed and other members of Wave management, have entered into an agreement to acquire the company from its current owners, led by Sandler Capital Management. “Steve Weed and the Wave management team have built an outstanding […]

PwC: Low Growth in Healthcare Spending Expected in 2013

PwC: Low Growth in Healthcare Spending Expected in 2013

Healthcare spending in the United States is expected to grow at a historically low rate of 7.5 percent next year, according to the annual Behind the Numbers report on medical cost trend, published today by the Health Research Institute (HRI) of PwC US. The projection continues a pattern of slower medical growth, a reflection of […]

Centerbridge Partners Acquires Reddy Ice

Centerbridge Partners Acquires Reddy Ice

Reddy Ice Holdings today announced that, having closed its previously announced financing arrangements, it has consummated its voluntary Chapter 11 reorganization. Effective today, the company emerged from Chapter 11 protection substantially de-levered and with a capital structure that provides the financial flexibility to further invest in the long-term growth of its business. The company is […]

Goldman Sachs Capital Partners Invests in Plastipak

Goldman Sachs Capital Partners Invests in Plastipak

Plastipak Holdings, a supplier of plastic packaging to consumer product companies, announced today that GS Capital Partners (GSCP) has agreed to make a significant equity investment in the company. Plastipak has been owned and run by the Young Family since 1967. The Young Family will continue to hold a majority stake in Plastipak following the […]

The Sterling Group Exits Roofing Supply Group

The Sterling Group Exits Roofing Supply Group

The Sterling Group today announced that it has finalized the sale of Roofing Supply Group (RSG) to Clayton, Dubilier & Rice. Roofing Supply Group is the fourth largest distributor of roofing supplies and related materials in the United States, with 59 locations in 24 states. “RSG has always had an excellent culture and best in […]

Marlin Equity Partners Acquires Openwave Messaging and Openwave Mobility

Marlin Equity Partners Acquires Openwave Messaging and Openwave Mobility

Marlin Equity Partners announced today that it has acquired the Messaging and Mediation product businesses from Openwave Systems. Marlin has renamed the acquired businesses Openwave Messaging and Openwave Mobility and will operate each business as a standalone platform. Openwave Messaging provides core e-mail and voicemail software services to telecommunications service providers, mobile operators and cable […]

Levine Leichtman Completes Two Dividend Recapitalizations

Levine Leichtman Capital Partners announced today that two of its portfolio companies – Tronair and Global Franchise Group – were recently recapitalized resulting in a significant return of capital to the firm’s limited partners. Tronair raised a $50 million senior credit facility in May 2012. Proceeds of the transaction were used to refinance existing debt, […]

Sycamore Partners Acquires Talbots

Talbots, a specialty women’s retailer, and Sycamore Partners today announced that they have entered into an agreement whereby Sycamore Partners will acquire all the outstanding common stock of the company for $2.75 per share in cash. The transaction is valued at approximately $369 million, including debt and other adjustments. “We believe in the Talbots brand […]

Aterian Investment Partners Acquires Burner Systems International

Aterian Investment Partners announced today that it has acquired Burner Systems International, a supplier of gas appliance components, from Dyson Investments and other equity partners. “For more than 50 years, Burner Systems has been the recognized global leader providing the broadest product offering in the industry. With this investment, Burner Systems has been provided the necessary […]