Weld North Invests in Organic Avenue

Weld North Invests in Organic Avenue

Weld North announced today that it has acquired a significant minority stake in Organic Avenue, a provider of organic juices and raw food plans. “After six years of successful local expansion and building a loyal customer base, we were ready to take on a partner that could help manifest our vision,” said Denise Mari, Founder, […]

J.F. Lehman & Company Acquires Chemring Marine

J.F. Lehman & Company Acquires Chemring Marine

Drew Marine, a provider services to the maritime industry and a portfolio company of J.F. Lehman & Company, has reached an agreement with Chemring Group to acquire Chemring’s maritime interests for £32 million pounds in cash. Under Drew Marine’s ownership, the business will be named Drew Marine Signal and Safety. Chemring Marine is a supplier […]

Serene Capital Management and C3 Capital Invest in California Living Waters

Serene Capital Management and C3 Capital Invest in California Living Waters

Serene Capital Management and C3 Capital have made an investment of mezzanine and equity capital in California Living Waters, the parent company of Southern California Waste Water and Central Valley Waste Water. Proceeds of the investment will be used for the expansion of facilities, operations and service capabilities. California Living Waters provides treatment of non-hazardous […]

KarpReilly Completes Initial Close for Fund 2

KarpReilly Completes Initial Close for Fund 2

KarpReilly, a consumer-focused lower middle market private equity firm, has completed an initial close of its second fund, KarpReilly Capital Partners II, L.P. with $180 million of capital commitments. “We are grateful for the incredible support we have received from our limited partners, many of whom we have been working with since the mid 1980’s,” […]

Bregal Investments Launches New Private Equity Fund

Bregal Investments Launches New Private Equity Fund

Bregal Investments announced today that it has formed Bregal Sagemount I, L.P., a new private equity fund with $500 million in committed capital. Bregal Sagemount will be led by Gene Yoon, the former head of private equity for Goldman, Sachs’ Americas Special Situations Group and a Partner with Great Hill Partners. Bregal Sagemount will invest […]

Salus Capital Partners Backs Frederick’s of Hollywood Group

Salus Capital Partners Backs Frederick’s of Hollywood Group

Salus Capital Partners has provided a $24 million senior-secured working capital facility to Frederick’s of Hollywood Group, a specialty retailer of intimate women’s apparel and lingerie. The financing will be used to provide working capital for general corporate purposes. “Salus showed a genuine interest in developing a credit line for Frederick’s of Hollywood that would […]

Sterling Partners Acquires Tribeca Flashpoint Media Arts Academy

Sterling Partners Acquires Tribeca Flashpoint Media Arts Academy

Sterling Partners has acquired a majority stake in Tribeca Flashpoint Media Arts Academy (TFA), a digital media arts college. TFA has been led by veteran high-tech entrepreneur Howard Tullman, its president and CEO, since it began operations in 2007. “Sterling Partners’ education expertise, tremendous resources and capital support will enhance and expand TFA’s ability to […]

KPS Capital Partners Acquires Siac do Brasil

KPS Capital Partners Acquires Siac do Brasil

KPS Capital Partners has announced that its portfolio company International Equipment Solutions (“IES”) has acquired Siac do Brasil Ltda. (“Siac”) from SIAC S.p.A. This is the third acquisition by IES since its formation. KPS formed IES in September 2011 as a platform for investments serving the construction, agriculture, landscaping, infrastructure, recycling, demolition, mining, and energy […]

KPS Capital Partners Completes Second Dividend Recap of Global Brass and Copper

KPS Capital Partners Completes Second Dividend Recap of Global Brass and Copper

KPS Capital Partners has completed a recapitalization of its portfolio company Global Brass and Copper. The proceeds of the recapitalization were used to refinance existing outstanding debt, to fund a $160 million cash distribution to stockholders and for general corporate purposes. Following the recapitalization, KPS and GBC management continue to own 100% of GBC’s common […]

Fenway Partners Exits 1800CONTACTS

Fenway Partners Exits 1800CONTACTS

Fenway Partners today announced that it has entered into an agreement to sell 1800CONTACTS to WellPoint (NYSE: WLP). The transaction is expected to close in the third quarter of 2012. “We are very pleased with the outcome of our investment in 1800CONTACTS. Fenway’s experience with this company is an instructive example of private equity partnering […]