PE-backed Meridian Waste buys two Knoxville landfills :
Meridian Waste, which is backed by Warren Equity Partners, has acquired two Knoxville, Tennessee-based landfills. No financial terms were disclosed.
NMS and FASMA form US Foot & Ankle Specialists :
NMS Capital and Foot & Ankle Specialists of the Mid-Atlantic have teamed up to form US Foot & Ankle Specialists. No financial terms were disclosed. UFAS will focus on building a physician-owned podiatry platform in the U.S. Greenberg Traurig provided legal advice to NMS on the transaction.
Baring Private Equity Asia to buy Japan’s Pioneer for $900 million: Reuters :
Baring Private Equity Asia will buy cash-strapped Japanese electronics firm Pioneer Corp (6773.T) for $900 million, in a two-stage investment that marks the latest attempt by the country’s car navigation system makers to survive, Reuters reported.
Metalmark invests in T. Parker Host :
Metalmark Capital has made an investment in Norfolk, Virginia-based T. Parker Host, a maritime industry solutions provider. No financial terms were disclosed.
CX Partners-led PE group acquires Veeda Clinical Research :
A consortium of private equity investors led by CX Partners has acquired a "significant" equity ownership in Veeda Clinical Research Private Limited, an India-based clinical research company. No financial terms were disclosed.
Think3 buys School Loop :
Think3 has acquired School Loop Inc, a provider of learning management and content management solutions used by major K-12 school districts in the U.S. No financial terms were disclosed.
Clearlake closes acquisition of symplr from Pamlico, CapStreet :
Clearlake Capital Group completed its acquisition of symplr, which provides a software-as-service platform for the healthcare industry, from Pamlico Capital and CapStreet Group. The company will continue to be led by CEO Rick Pleczko and CFO Tres Thompson.
Sun Capital acquires Tier One Relocation :
Sun Capital Partners Inc has acquired Weirton, West Virginia-based Tier One Relocation, a provider of household moving services for the military. No financial terms were disclosed.
ACON exits BWN :
ACON has sold its stake in Mexico-based BWM, a direct-to-consumer seller of home organization and houseware products. The buyer is a group of unnamed local investors. No financial terms were disclosed.
Shopko Stores prepare for bankruptcy: Bloomberg :
Shopko Stores, which is owned by Sun Capital Partners, has failed to find a buyer and is preparing for a bankruptcy filing, Bloomberg reported. Shopko is a general merchandise chain that Sun Capital acquired in 2005 for about $1.1 billion, the story said.
Nextstar’s planned sale of TV stations draws PE interest: Bloomberg :
Private equity firms are circling Nextstar Media Group, which is planning to sell a group of television stations as part of its buy of Tribune Media Co, Bloomberg reported. Cerberus Capital Management and Apollo Global Management LLC, as well as EW Scripps Co, Gray Television Inc, Meredith Corp and Tegna Inc, are interested in the stations, the story said. A formal process is expected to start in coming weeks, Bloomberg said.
Salveo Capital scoops up minority of Ascend Wellness :
Salveo Capital said Dec. 6 that it has acquired a minority equity interest in Ascend Wellness. Financial terms weren't announced. Ascend is a cannabis company operating in Massachusetts, Illinois, and Michigan.
DFW Capital forms Continuum Research Group, which invests in Lotus Clinical Research :
DFW Capital Partners has formed Continuum Research Group with Jeffrey Kinell, the former CEO of Bracket Global. CRG has made its first investment in Pasadena, California-based Lotus Clinical Research LLC, a CRO and research site focused on improving the scientific accuracy of analgesic programs. No financial terms were disclosed.
Sun Capital to buy Regal Beloit’s drive technologies businesses :
Sun Capital Partners Inc has agreed to acquire Regal Beloit's drive technologies businesses. No financial terms were disclosed.
Marlin acquires MOBI, will merge with Tangoe :
Marlin Equity Partners has acquired Indianapolis-based MOBI Wireless Management LLC, a provider of cloud-based managed mobility services software solutions. No financial terms were disclosed. Marlin will merge MOBI with portfolio company Tangoe. Schulte Roth & Zabel LLP served as legal adviser to Marlin and Tangoe on the transaction with Ice Miller LLP providing legal advice to MOBI.
MJ Hudson buys data and analytics firm Amaces :
MJ Hudson has acquired Amaces, a data and analytics firm. No financial terms were disclosed. The company will now be known as MJ Hudson Amaces.
CIVC invests in Magna Legal Services :
CIVC Partners has made an investment in Magna Legal Services, a provider of litigation support services. No financial terms were disclosed.
Wynnchurch acquires Buchanan Rubber :
Wynnchurch Capital has acquired Toronto-based Buchanan Rubber Ltd, a provider of industrial hoses, couplings, and sheet rubber. No financial terms were disclosed. Buchanan will be part of a distribution platform that includes Anderson Metals LLC and Midland Metal Mfg.
ChrysCapital takes majority stake in GeBBS Healthcare Solutions :
ChrysCapital has acquired a majority stake in Culver City, California-based GeBBS Healthcare Solutions, a provider of revenue cycle management solutions for the healthcare industry. No financial terms were disclosed. Houlihan Lokey provided financial advice to GeBBS Healthcare Solutions on the transaction with Mundkur Law Partners and Clark Hill providing legal advice. And, Shardul Amarchand Mangaldas & Co and Wilson Sonsini Goodrich & Rosati advised ChrysCapital.
Yorkshire Water closes private placement :
UK-based Yorkshire Water, a provider of essential water and wastewater services, has secured 100 million pounds in a private placement. The investor was Pricoa Capital Group, the private capital arm of PGIM, the global investment management business of Prudential Financial Inc.
Goldman Petershill to buy minority of General Catalyst: Wall Street Journal :
Goldman Sachs’ Petershill unit is buying a minority stake of General Catalyst for $200 million, the Wall Street Journal reported. The stake is in the high-single digits and entitles Petershill to a portion of the VC’s profits that it generates through carried interest and management fees, the story said. However, Goldman will not have influence over the firm’s operations or special access to portfolio company information, the WSJ said.
CITIC Capital Japan closes Nippon Oil Pump buy :
CITIC Capital Japan Partners, the Japanese buyout arm of CITIC Capital, has closed its buy of Nippon Oil Pump Co Ltd. Financial terms weren’t announced. Nippon Oil makes internal gear pumps.
Vagaro raises $63 mln :
Vagaro said Dec. 5 that it raised a $63 million growth round led by FTV Capital. Vagaro, of Dublin, California, provides a management platform for the salon, spa and fitness industry.
Versa closes sale of Bell and Howell to WestView :
Versa Capital Management closed the sale of Bell and Howell, which provides technology services to enhance ecommerce experiences, to WestView Capital Partners. Versa acquired Bell and Howell in 2011 and last year sold two of the company's divisions.
New Zealand’s Trade Me Group gets $1.8 billion buyout offer from U.S. private equity firm: Reuters :
New Zealand’s e-commerce leader Trade Me Group (TME.NZ) on Wednesday received a NZ$2.56 billion ($1.77 billion) takeover offer from a U.S.-based private equity firm, a higher bid than one from a London-based counterpart last month, Reuters reported.
Abry invests in U.S. Legal Support :
Abry Partners has made a "significant" investment in U.S. Legal Support Inc, a provider of litigation support services. No financial terms were disclosed. Deloitte Corporate Finance LLC was financial adviser to U.S. Legal Support with Moore & Van Allen PLLC providing legal advice. And, Kirkland & Ellis LLP advised Abry.
Audax-backed TPC Wire & Cable Corp buys Milrail :
TPC Wire & Cable Corp, which is backed by Audax Private Equity, has acquired Quebec-based Milrail Inc, a supplier of wire, cable and cable assemblies for OEM applications in the transit, military, rail and marine sectors. No financial terms were disclosed.
OpenGate acquires Fichet :
OpenGate has acquired a "non-core division" of Gunnebo Group and renamed the business Fichet Security Solutions. No financial terms were disclosed. Based in France, Belgium and Luxembourg, Fichet is a provider of security products, services and solutions.
NordLB stake sale delayed; talks with Cerberus, Apollo continue, says source: Reuters :
The sale of a stake in German public-sector bank NordLB is facing delays as bidders Cerberus and Apollo (APO.N) were asked to elaborate on their offers, sources told Reuters.
NRD Capital backs Altitude Trampoline Park :
NRD Capital has made an investment in Dallas-based Altitude Trampoline Park, an indoor adventure park. No financial terms were disclosed.
Rubicon invests in Tendril :
Rubicon Technology Partners has made a majority investment in Colorado-based Tendril, a provider of home energy management solutions to the utility industry. No financial terms were disclosed. Morgan Stanley Alternative Investments and ZOMA Capital joined Rubicon with minority investments. Canaccord Genuity was the financial adviser to Tendril on the transaction.
IPC acquires Coker Group :
Irving Place Capital has acquired Coker Group, which consists of Coker Tire, Wheel Vintiques, Universal Vintage Tire, Phoenix Race Tires, Specialty Wheel and Roadster Wire Wheel brands. No financial terms were disclosed for the acquisition that was done in partnership with Coke President and CEO Wade Kawasaki and the current Coker Group leadership team. Tennessee-based Coker Tire Company is a maker of collector vehicle tires and motorcycle tires.
Eclypsium raises $8.75 mln :
Eclypsium said Dec. 4 that it raised $8.75M in Series A round led by Madrona Venture Group. Also participating were investors Andreessen Horowitz, Intel Capital and Ubiquity Ventures. Eclypsium, of Portland, Oregon, provides an enterprise firmware protection platform.
Apollo emerges as lead bidder for Arconic: Bloomberg :
Apollo Global Management LLC has emerged as the lead bidder to take Arconic Inc private, Bloomberg is reporting. Apollo, which made a final offer for the U.S. aluminum products maker Arconic last week, triumphed over a rival offer from a group that included PE firms, the story said.
StandardAero auction hits final round: Bloomberg :
The auction of StandardAero Aviation Holdings Inc has hit the final round with Blackstone Group LP, Carlyle Group LP and Warburg Pincus bidding for the company, Bloomberg reported. StandardAero could fetch as much as $5 billion, the story said. StandardAero, an aircraft maintenance provider, is backed by Veritas Capital. Final offers for StandardAero are due in mid-December, Bloomberg said.
Why regulatory due diligence is essential in healthcare PE transactions :
By Jeffrey Mittleman and Jenna Schapiro, Holland & Knight Your target is a physician or dental practice, an ambulatory surgery center, a medical device manufacturer, a pharmacy, a dialysis company, a durable medical equipment company or perhaps even a biotech or pharmaceutical manufacturer. You have been eyeing a transaction in healthcare or life sciences and this […]
KKR to invest in V3 Group :
KKR has committed to invest up to 500 million singapore dollars ($366.6 million) in V3 Group Ltd. V3, of Singapore, is a specialty retailer of luxury lifestyle and wellness products in Asia. Evercore advised V3.
WestView recaps Bell and Howell :
WestView Capital Partners has recapitalized Durham, North Carolina-based Bell and Howell, a provider of tech-enabled mechatronic services and solutions. No financial terms were disclosed. Capstone Headwaters served as financial adviser to Bell and Howell on the transaction.
Global Bakeries pulls in funding from Surge :
Surge Private Equity has made an investment in California-based Global Bakeries Inc, a specialty baked goods manufacturer. The Firmament Group provided a $15 million financing facility to Surge for the transaction.
CIP Capital invests in GlynnDevins :
CIP Capital has made an investment in Kansas City, Missouri-based GlynnDevins Inc, a provider of tech-enabled and data-driven marketing solutions to senior living communities. No financial terms were disclosed. Petsky Prunier advised GlynnDevins on the transaction. GlynnDevins was backed by Falfurrias Capital.
Cerberus to take a majority stake in Navistar Defense :
Cerberus Capital Management LP has agreed to acquire a majority stake in Lisle, Illinois-based Navistar Defense, a tactical wheeled vehicle original equipment manufacturer serving military, law enforcement and government agencies. No financial terms were disclosed. Kirkland & Ellis LLP acted as legal counsel to Cerberus and Navistar on the transaction while Renaissance Strategic Advisors provided strategic advice to Navistar.
L2 Capital and Lakewood acquire Orion Talent and Orion Novotus :
L2 Capital Partners and Lakewood Capital have acquired Orion Talent and its subsidiary Orion Novotus, together a human capital management platform. No financial terms were disclosed. PNC and Patriot Capital provided debt financing while Patriot co-invested in the transaction as well.
Arbor completes acquisition of Mars Petcare’s U.S. exclusive brands business :
Arbor Investments has closed its previously announced acquisition of Mars Petcare‘s U.S.-based exclusive brands business. No financial terms were disclosed. The business has relaunched as Red Collar Pet Foods and will be headquartered in Franklin, Tennessee. Kirkland & Ellis served as legal adviser to Arbor on the deal.
New Mountain and Vestar close on investment in IRI :
New Mountain Capital and Vestar Capital have jointly closed on an investment in Chicago-based Information Resources Inc, a provider of data and predictive analytics . No financial terms were disclosed. According to the terms of the deal, New Mountain and Vestar will jointly govern IRI. Also, Jeffrey Ansell, a senior adviser at Vestar and board member at IRI, will become chairman of IRI. New Mountain is a previous backer of IRI.
ORIX buys NTI :
ORIX Capital Partners has acquired Chicago-based NTI Connect LLC, a provider of mission-critical network deployment solutions in fiber optics, data centers, wireless and video networks. The seller was O2 Investment Partners. No financial terms were disclosed. Stifel served as financial adviser to NTI on the transaction while Honigman Miller Schwartz and Cohn LLP served as legal adviser. And, Weil, Gotshal & Manges LLP served as legal adviser to ORIX.
Sorrell in advanced talks to buy ad group MightyHive: Reuters :
Martin Sorrell’s new company S4 Capital (SFOR.L) said on Monday it was in advanced talks to buy MightyHive, a San Francisco-based programmatic advertising group that partners with major brands.
RPC ends merger talks with Bain, gives Apollo more time for firm offer: Reuters :
RPC Group Plc (RPC.L) has ended talks to be taken over by U.S. private equity firm Bain Capital, it said on Monday, leaving Apollo Global Management (APO.N) in the lead to buy Europe’s biggest plastics packager, Reuters reported.
FIA acquires Texas and Louisiana timberlands for $79.3 mln :
CatchMark Timber Trust Inc has sold about 56,000 acres of timberlands in Texas and Louisiana to Forest Investment Associates. The price of the transaction was $79.3 million.
Z Capital buys CTM :
Z Capital Partners has acquired Salem, New Hampshire-based CTM Group, a provider of managed entertainment and souvenir solutions for tourist destinations. No financial terms were disclosed.
BayBoston-led investor group to buy CFG from IPC :
An investor group led by BayBoston Managements LLC has agreed to acquire Caribbean Financial Group Holdings LP from Irving Place Capital. No financial terms were disclosed. Other investors in the consortium include Insigneo Financial Group, the Elias Group, Victory Park Capital, Amzak Capital and M & A Capital. Credit Suisse Securities (USA) LLC and Keefe, Bruyette & Woods, Inc were financial advisers to CFG while Weil, Gotshal & Manges LLP served as legal counsel. CFG is a consumer finance company offering unsecured personal loans, sales finance and related credit insurance products to middle-income individuals in the Caribbean and Panama.
Luminate backs AutoQuotes :
Luminate Capital Partners has made an investment in Jacksonville, Florida-based AutoQuotes, a technology company for the foodservice equipment and supplies industry. No financial terms were disclosed.
Liberty Hall Capital buys Aircraft Performance Group :
Liberty Hall Capital Partners said Dec. 3 that it acquired Aircraft Performance Group Inc. Financial terms weren’t announced. Aircraft Performance, of Castle Rock, Colorado, provides flight operations software solutions into the aftermarket of the aerospace industry.
LLR Partners launches Celero with Jones at helm :
LLR Partners has formed Celero Commerce, with Kevin Jones, the founder and ex-CEO of Anovia Payments. Jones will be CEO of Celero, a Nashville payments processor. The deal calls for Celero to invest in UMS Banking, which will provide the core payment processing infrastructure for Celero. Financial terms weren't announced
Stone Point Capital closes $340 mln buy of Rialto Investment :
Lennar Corp said Dec. 3 that it closed the sale of Rialto Investment and Asset Management to Stone Point Capital for $340 million. Lennar said it is retaining its Rialto Mortgage Finance business along with its fund investments, as well as carried interests in various Rialto funds and investments in other Rialto balance sheet assets.
Equistone Partners closes Small World Financial buy :
Equistone Partners Europe said Dec. 3 that has closed its buy of Small World Financial Services Group Ltd. Financial terms weren’t announced. Small World Financial, of the U.K., is a payment service provider. FPE Capital and MMC Ventures were the sellers, PitchBook said.
Main Capital invests in cleversoft :
Main Capital said Dec. 3 that it acquired a stake in cleversoft. Financial terms weren’t announced. Cleversoft, of Munich, is a RegTech software specialist that helps financial institutions comply with regulatory challenges in the financial industry.
CenterGate buys Owen Equipment Company :
CenterGate Capital has acquired Portland, Oregon-based Owen Equipment Company, a specialty equipment platform providing critical infrastructure solutions to municipal, utility and commercial customers. No financial terms were disclosed.
Searchlight completes take-private buyout of Mitel :
Searchlight Capital Partners has closed its previously announced take-private acquisition of Ottawa-based Mitel, a provider of business communications, for $11.15 per share in cash. As a result of the transaction, Mitel has stopped stopped trading on the Toronto Stock Exchange and will cease trading on the NASDAQ on November 30, 2018.
Blackstone buys life sciences investment firm Clarus :
Blackstone has acquired Clarus, a life sciences investment firm. No financial terms were disclosed. The business will operate as Blackstone Life Sciences.
Bidders line up for UAE-based Stanford Marine Group, say sources: Reuters :
Gulf Navigation Holding, Tristar Group, Hineni Capital and BT Investment are among bidders for Dubai-based marine services firm Stanford Marine Group (SMG), sources told Reuters.
Altice France sells stake in fibre unit for 1.8 bln euros: Reuters :
Telecoms and cable group Altice Europe on Friday said its French unit had agreed to sell a 49.99 percent stake in its SFR FTTH fibre optic business to three investment funds for 1.8 billion euros ($2.05 billion).
Indigo Partners invests in WOW air after Icelandair drops out: Reuters :
U.S.-based private equity fund Indigo Partners said it has agreed to invest in low-cost carrier WOW air after Icelandair (ICEAIR.IC) scrapped its plan to buy the privately-held airline, Reuters reported.
Ramphastos completes Dutch retail chain HEMA buyout :
Ramphastos Investments, an investment firm owned by Dutch billionaire Marcel Boekhoorn, has closed its previously announced acquisition of HEMA, a retail chain in the Netherlands. No financial terms were disclosed.
Thoma Bravo to buy PEC Safety :
Thoma Bravo has agreed to acquire Mandeville, Louisiana-based PEC Safety, a contractor management software and safety learning content provider. No financial terms were disclosed. William Blair & Company and Goodwin Procter LLP advised PEC Safety on the transaction while Raymond James & Associates and Kirkland & Ellis LLP advised Thoma Bravo.
Abry provides funding to AdSwerve :
Abry Partners has made an investment in AdSwerve, a DoubleClick technology and service partner. No financial terms were disclosed. The Forbes M+A Group advised AdSwerve on the transaction.
Will’s Group snags capital from L Catterton Asia :
L Catterton Asia has made a "significant" investment in China-based Will's Group, a provider of membership-based fitness facilities and services. No financial terms were disclosed.
New Mountain backs National HME :
New Mountain Finance Corporation, a New Mountain Capital affiliate, has invested more than $20 million into National HME. Headquartered in Irving, Texas, National HME Inc is a provider of medical equipment solutions to the hospice market.
Strattam invests in Rock Solid :
Strattam Capital has made an investment in Puerto Rico and Texas-based Rock Solid Technologies, a software and IT services company. No financial terms were disclosed.
NCK Capital buys City Wide :
NCK Capital has acquired Dallas-based City Wide Building, a commercial building maintenance company. No financial terms were disclosed. XLS Partners served as M&A adviser to City Wide on the transaction. City Wide was backed by Double R Partners.
U.S. pipeline company WhiteWater Midstream eyes $2 billion sale, say sources: Reuters :
WhiteWater Midstream LLC is exploring a sale that its private equity owners hope will value the U.S. oil and gas pipeline operator at more than $2 billion, including debt, sources told Reuters.
NordLB receives bids for stake in bank from Cerberus, Apollo, say sources: Reuters :
German public sector bank NordLB has received four binding bids from private equity groups for a stake in the bank, a source close to the matter said.
Evoca owner Lone Star in talks to sell coffee machine group: Reuters :
Private equity fund Lone Star has hired Deutsche Bank to explore a potential sale of its Italian vending and coffee machine maker Evoca, which includes iconic brand Gaggia, Evoca CEO Andrea Zocchi told Reuters on Wednesday.
Vista to invest in Wrike :
Vista Equity Partners has agreed to make a majority investment in San Jose, California-based Wrike, a collaborative work management platform for high-performance teams. No financial terms were disclosed. As a result of this transaction, Filev, Bain Capital Ventures and Scale Venture Partners will retain a significant stake in Wrike. William Blair served as financial adviser to Wrike on the deal while Harris Williams did likewise for Vista.
Webster Capital-backed Discovery Behavioral Health acquires Ambrosia Treatment Center NJ :
Webster Capital-backed Discovery Behavioral Health, a behavioral health provider, acquired Ambrosia Treatment Center NJ. Ambrosia provides addiction treatment to patients from the greater Philadelphia and southern New Jersey areas. Ambrosia will operate under the name Pinelands Recovery Center of Medford.
Oak Hill Capital, CPPIB to recap Berlin Packaging :
Oak Hill Capital Partners and Canada Pension Plan Investment Board have agreed to recapitalize Berlin Packaging LLC. CPPIB is making a $500 million investment in Berlin while company management is also investing. Berlin Packaging, of Chicago, provides packaging products and services to companies in multiple industries, providing customers of all sizes with a one-stop shop for glass, plastic, and metal containers and closures.
Swander Pace buys Nutritional Medicinals :
Swander Pace Capital said Nov. 29 that it acquired Nutritional Medicinals LLC. Financial terms weren’t announced. Known as Functional Formularies, the Centerville, Ohio company provides organic, whole food, shelf-stable feeding tube formulas.
Sale of Campbell Soup’s international arm hit first round: Financial Review :
Private equity firms are bidding for Campbell Soup’s international arm, which is expected to fetch more than $2 billion, Financial Review said. Pacific Equity Partners, BGH Capital, KKR and Affinity Equity Partners are expected to take a look at the unit, which includes Arnott's and Campbell's soups, the story said. First round bids are due before Christmas, Financial Review said.
Williams Cos seeks buyer for 50 pct stake in Jackalope Gas Gathering: Bloomberg :
Williams Cos is seeking a buyer for its 50 percent stake in Jackalope Gas Gathering Services, Bloomberg is reporting. The sale is attracting interest from other pipeline operators and private equity firms, the story said. Williams stake in Jackalope Gas could fetch $500 million, Bloomberg said.
BC Partners gears up to sell financial media firm Acuris: Reuters :
European buyout fund BC Partners is preparing to sell its financial news and data business Acuris in a deal that could be worth more than 1 billion pounds, Reuters reported.
Apollo finds TV station partner for Tribune Media bid: Reuters :
Buyout firm Apollo Global Management LLC (APO.N) has teamed up with regional TV station owner Northwest Broadcasting in its bid to acquire another U.S. TV station owner, Tribune Media Co (TRCO.N), Reuters reported.
Lampert’s hedge fund and Cyrus Capital to team up for possible Sears bid: Bloomberg :
strong>Sears Holdings Corp (SHLDQ.PK
) Chairman Eddie Lampert’
s hedge fund and Cyrus Capital Partners LP
are preparing a potential takeover bid to keep the bankrupt retailer running, Bloomberg
reported on Wednesday.
Apollo finds TV station partner for Tribune Media bid, say sources: Reuters :
Buyout firm Apollo Global Management LLC (APO.N) has teamed up with regional TV station owner Northwest Broadcasting in its bid to acquire another U.S. TV station owner, Tribune Media Co (TRCO.N), sources told Reuters.
Marlin acquires SHIFT :
Marlin Equity Partners has acquired Boston and Los Angeles-based SHIFT, a provider of cloud-based media collaboration and digital asset management solutions. No financial terms were disclosed.
Hospitality company TMG attracts $20.85 mln :
Los Angeles-based The Madera Group, a hospitality company, has secured $20.85 million in funding. The investor was Breakwater Management LP.
Auris Health picks up $220 mln :
Redwood City, California-based Auris Health Inc, a developer of robotics technology for medical applications, has raised $220 million in funding. Partner Fund Management was the lead investor. Other backers included Wellington Management, D1 Capital Partners, Senator Investment Group, Mithril Capital, Lux Capital and Viking Global Investors.
UFG Private Equity buys minority stake in Russian Towers :
UFG Private Equity has acquired a minority stake in Russian Towers, which owns and operates passive infrastructure and provides co-location solutions for mobile operators in Russia. The seller was Macquarie Russia & CIS Infrastructure Fund. No financial terms were disclosed.
Ardian to take majority stake in Italian drug maker Neopharmed Gentili :
Ardian has agreed to acquire a majority stake in Neopharmed Gentili, an Italian drug maker. No financial terms were disclosed. Mediolanum Farmaceutici will retain a minority stake in in Neopharmed Gentili. In addition to the transaction, Alessandro Del Bono will become chairman and CEO of the company.
Pfingsten acquires nitrogen generator maker South-Tek :
Pfingsten Partners has acquired Wilmington, Delaware-based South-Tek, a maker of nitrogen generators. No financial terms were disclosed.
Sterling Partners’ EOF funds Big Blue Marble Academy :
Sterling Partners’ Education Opportunity Fund has made an investment in Big Blue Marble Academy, an early childhood education provider. No financial terms were disclosed.
Cato Research snags funding from JLL and Water Street :
JLL Partners and Water Street Healthcare Partners have made an investment in Durham, North Carolina-based Cato Research LLC, a provider of regulatory and clinical research services. No financial terms were disclosed.
Russian fund, UAE’s Mubadala, Saudi Arabia in talks on drilling firm stake: Reuters :
Russia’s sovereign wealth fund, Mubadala of the United Arab Emirates and Saudi Arabia are in talks to buy a 16 percent stake in Russian oil drilling firm Eurasia Drilling, the head of the Russian fund said on Wednesday.
Altas takes minority stake in H&F-backed Hub :
Toronto-based investment firm Altas Partners has made a minority investment in Hub International limited, an insurance brokerage in Chicago. The investment puts Hub at an enterprise valuation of over $10 billion. As a result of the transaction, Hellman & Friedman will continue to hold a "significant" equity stake in Hub.
KKR and Tencent invest in PLDT’s Voyager Innovations :
PLDT Inc's Voyager Innovations, a digital technology company in the Philippines, has raised $215 million in funding. KKR and Tencent have closed on its $175 million investment in Voyager while the International Finance Corporation and IFC Emerging Asia Fund have committed to invest $40 million. PLDT is a top telecommunications and digital services provider in the Philippines.
RDIF and Mubadala back Russian Fitness Club :
An investor consortium has acquired a 22.5 percent stake in Russian Fitness Club, which manages a Russian fitness club chain under the World Class brand. Included in the investor group is the Russian Direct Investment Fund, Russia’s sovereign wealth fund and Abu Dhabi’s Mubadala Investment Company. No financial terms were disclosed.
Sentinel Capital buys Apex :
Sentinel Capital Partners said Nov. 28 that it acquired Apex Companies LLC. Financial terms weren’t announced. Apex provides services to assess, prevent, and cure environmental issues related to water, ground, facilities, and air quality. Houlihan Lokey served as financial adviser to Apex.
Corsair buys majority of Zedra Group :
Corsair Capital LLC has acquired a majority of Zedra Group. Financial terms weren’t announced. The Nielsen and Sarikhani families are the sellers. Zedra, of London, provides trust, corporate and fund services solutions to clients, including high-net-worth individuals and their families, international corporations, institutional investors and entrepreneurs.
Pharos Capital buys ABA of North Texas :
Pharos Capital Group LLC said Nov. 28 that it acquired ABA of North Texas. Financial terms weren’t announced. ABA, of Plano Texas, is an outpatient autism services provider.
CDPQ invests in Plusgrade :
Caisse de dépôt et placement du Québec said Nov. 28 that it invested CA$200 million ($150.2 million) in Plusgrade. CDPQ has acquired part of TA Associates’ stake in Plusgrade, a Montreal travel software firm. Morgan Stanley Canada Ltd served as financial adviser and Davies Ward Phillips & Vineberg LLP served as legal counsel to Plusgrade. Osler, Hoskin & Harcourt LLP served as legal counsel to la Caisse.
O2 invests in Vessco :
O2 Investment Partners has invested in Vessco Inc. Financial terms weren’t announced. Vessco, of Chanhassen, Minnesota, is a water treatment company serving municipal and industrial markets.
Managing the sponsor, CEO and CFO triangle: rules for success :
By Fred Crawford and Ted Bililies, AlixPartners We’ve all seen relationship triangles before — in film they make for great drama. But what about in business? If you’re a PE sponsor, one of the most critical relationships you’ll encounter is that among you, the portfolio company CEO, and the portfolio company CFO. Like all triangles, […]