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Unlocking Corporate and Institutional Capital

  PE-backed By Light Professional buys Phacil :  
By Light Professional IT Services LLC, a portfolio company of Sagewind Capital, said March 25 that it acquired Phacil. Financial terms weren’t announced. Phacil, of McLean, Virginia, is a diversified software, cybersecurity, systems engineering and managed services provider to the US Government.  
  OpCapita to buy Maurices :  
OpCapita said March 25 that agreed to buy a majority of Maurices. The transaction has an enterprise value of $300 million. Ascena retail group inc, the parent, is retaining a stake. Maurices, of Duluth, Minnesota, is a specialty hometown retailer that aims to bring affordable, versatile, and flattering clothing to women in small towns across the U.S. and Canada. PJ Solomon provided financial advice to OpCapita, while Clifford Chance US LLP acted as it its legal counsel. Guggenheim Securities is financial adviser to ascena and Proskauer Rose LLP is serving as its legal counsel.  
  Brookfield Renewable to invest $750 mln in TransAlta :  
Brookfield Renewable Partners and its institutional partners is investing $750 million in TransAlta Corp. TransAlta and Brookfield plan to work together to complete TransAlta's transition to clean energy. TransAlta owns, operates and develops a fleet of electrical power generation assets in Canada, the United States and Australia.  
  Making money when every deal is a tech deal. Part II: Claims of immunity :  
By Scott B. Meyer, Glenview James LLC It’s easy to look at things in black and white. Tech deal. Not tech deal. The reality is that today every deal is a tech deal. Even old-school industries are facing fundamental technology changes. If they don’t adapt, they’ll be left behind. This is part two of a […]  
  Telecom equipment provider Avaya considers leveraged buyout: Reuters :  
Telecommunications equipment and software vendor Avaya Holdings Corp is considering a leveraged buyout offer from a private equity firm that values it at more than $5 billion, including debt, Reuters reported.   
  Inmarsat to go private in $3.4 billion buyout deal: Reuters :  
A private equity-led consortium agreed to buy Inmarsat Plc for about $3.4 billion in cash after the British satellite operator last year rebuffed a slightly lower bid from U.S. rival EchoStar, Reuters reported.   
  Onex to buy Gluskin Sheff for C$445 mln :  
Onex Corp said March 22 that it agreed to buy Gluskin Sheff for C$14.25 per share or about C$445 million. Gluskin Sheff is a Canadian wealth management firm.   
  Fiera Capital to buy Integrated Asset Management :  
Fiera Capital Corp said March 22 that it agreed to buy Integrated Asset Management Corp. The equity value of the deal is $74 million. Integrated, of Canada, is an alternative asset manager.  
  CDPQ buys 27 pct of Hilco Trading :  
La Caisse de dépôt et placement du Québec said March 21 that it acquired a minority, 27 percent, of Hilco Trading LLC. Financial terms weren’t announced. Hilco, of Chicago, is a diversified financial services company.  
  SK Capital-backed Perimeter Solutions to expand fire safety offerings with three add-ons :  
SK Capital-backed Perimeter Solutions completed the purchase of a group of companies in Post Falls, Idaho, including First Response Fire Rescue, River City Fabrication and H&S Transport. Perimeter Solutions plans to integrate the three businesses within its manufacturing and services systems to expand its offering in the fire suppression sector. Perimeter will retain management and staff of the three companies, the facilities of which will become an operational site under Perimeter Solution's Fire Safety Group.  
  May River Capital-backed Hunt Valve acquires MB Valve :  
May River Capital-backed Hunt Valve Co., which makes specialty valves for the U.S. Navy and industrial customers, acquired Montreal Bronze Ltd. (known as MB Valve). May River completed a recapitalization of Hunt Valve Co. in December 2018 through its first fund.  
  ACON buys JD Beauty from Topspin Partners to merge with Goody Products :  
ACON Investments acquired JD Beauty Co. and will merge the company with Goody Products, Inc., which ACON purchased in August 2018. ACON acquired JD Beauty from Topspin Partners. ACON is building a multi-platform, diversified haircare platform. Jeffrey Davidson, CEO of JD Beauty, will become CEO of the combined platform.  
  Ares Management PE Group buys CoolSys :  
CoolSys said March 21 that it was sold to the Private Equity Group of Ares Management Corp. Financial terms weren’t announced. Management is investing. CoolSys is a refrigeration and HVAC services company.  
  Phillips & Temro buys EVoCharge :  
Phillips & Temro Industries Inc, a Harbour Group company, said March 20 that it acquired EVoCharge Inc. Financial terms weren’t announced. EvoCharge supplies electric vehicle charging infrastructure solutions for commercial, public vehicle fleet, and residential use.  
  Gravity Oilfield buys certain water disposal infrastructure from MBI Oil :  
Gravity Oilfield Services Inc, a portfolio company of Clearlake Capital Group LP, said March 21 that it acquired certain water disposal infrastructure from MBI Oil & Gas LLC. Financial terms weren’t announced.  
  Private multiples are ascendant. Is this the new normal? :  
By Hugh MacArthur, Bain & Co Valuation multiples move up and down. Yet for the past 30 years, the average multiple of Ebitda paid for public assets has almost always topped that paid for private assets. In fact, during only three periods historically did private multiples generally exceed the public average: during the “Barbarians at […]  
  Alvarium Investments buys Iskander :  
Alvarium Investments, formerly LJ Partnership, said March 21 that it acquired Iskander. Financial terms weren’t announced. Iskander, of France, is an asset manager dedicated to large private investors. Separately, Alvarium is part of Queensgate Investments, which this week acquired four Grange Hotels in Central London in a deal valued at around 1 billion pounds.  
  Primus Capital invests in Harmony Healthcare IT :  
Primus Capital has invested in Harmony Healthcare IT. Financial terms weren’t announced. Harmony, of South Bend, Indiana, provides a data management platform providing a single point of access to historical patient, employee or business data for healthcare enterprises. Brentwood Capital provided financial advice.  
  Insight Venture Partners invests in PDI :  
PDI said March 20 that Insight Venture Partners has invested in the company. Genstar and TA Associates will both retain minority stakes. Financial terms weren’t announced. PDI, of Atlanta, provides enterprise software to the convenience retail, wholesale petroleum and logistics industries.  
  GTCR, Lucier form Corza Health :  
GTCR said March 20 that it's partnering with Gregory T. Lucier to form Corza Health Inc. Lucier will serve as CEO of Corza Health and will invest alongside GTCR. Corza, of San Diego, will buy companies and assets that focus on on the broader life sciences and medical technology sector.  
  Acuris, backed by BC Partners and GIC, acquires research firm Blackpeak :  
BC Partners and GIC-backed Acuris acquired Blackpeak, an investigative research firm with a focus on capital markets, mergers and acquisitions and private equity. Blackpeak was co-founded by Jack Clode and Chris Leahy in 2011.  
  GenNx360 Capital Partners acquires majority stake in Miller Environmental Group :  
GenNx360 Capital Partners acquired a majority interest in Miller Environmental Group, which services the utility, transportation and petrochemical industries. CEO Mark Miller will be exiting from day-to-day operations, but will continue as a member of MEG's board of directors. Jerry Coogan has been appointed president and CEO and George Wallace is executive vice president.   
  Peak Rock to buy Kroger’s Turkey Hill business :  
Kroger Co said March 19 that it agreed to sell its Turkey Hill business to Peak Rock Capital. Financial terms weren’t announced. Peak Rock has agreed to continue operating the Turkey Hill business out of its Conestoga, Pennsylvania facility with its nearly 800 associates and under the same Turkey Hill brand.  
  Apax, Warburg-led group make $3.3 bln offer for Inmarsat: Financial Times :  
An investor group led by buyout firms Apax and Warburg Pincus have made a $3.3 billion offer for Inmarsat, the Financial Times reported. Inmarsat, the British satellite communications group, said it received the non-binding offer on Jan. 31, the story said.  
  Gryphon strikes first behavioral health deal with investment in LEARN Behavioral :  
Gryphon Investors acquired a majority stake in LEARN Behavioral, a network of providers of behavioral treatment services for children with autism and other special needs, from LLR Partners. Financial terms were not disclosed. The deal is Gryphon's first in the behavioral health sector. Buyouts reported exclusively on the deal earlier this month.  
  LLR Partners invests in CareATC :  
LLR Partners said March 19 that it invested in CareATC Inc via a recap. Financial terms weren’t announced. CareATC, of Tulsa, Oklahoma, provides an employer-sponsored healthcare marketplace.   
  Kinderhook buys Adell Corp :  
Kinderhook Industries LLC said March 19 that it acquired Adell Corp. Financial terms weren’t announced. Adell, of Sunnyvale, Texas, makes protective door edge guards as genuine original equipment to the automotive OEMs.  
  Blackstone nears $1 bln buy of Servpro: Wall Street Journal :  
Blackstone Group has won the auction for Servpro Industries, a cleaning and emergency restoration company, the Wall Street Journal reported. Doris Isaacson and her late husband, Ted Isaacson, founded Servpro as a painting business in 1967; it’s currently run by their eldest child, Susan Steen, the story said. Servpro is expected to fetch $1 billion, including debt, the WSJ said.  
  Ares, Crescent Capital to take control of Savers from Green, TPG: Bloomberg :  
Ares Management and Crescent Capital Corp are taking control of Savers LLC, a for-profit thrift-store chain, from Leonard Green & Partners and TPG, Bloomberg is reporting. Ares and KKR are backing about $590 million of funded debt, according to a restructuring agreement cited by the story. Ares and Crescent are injecting $165 million in cash and would collectively hold a controlling stake in the company, Bloomberg said. Savers plans to complete the deal out of court within the next two weeks but is prepared to file for bankruptcy protection, the story said.  
  The do’s and don’ts of executing a rebrand :  
By Matt Stein, CompleteSpectrum From aligning brand messaging during a merger or acquisition to embracing new market opportunities, a PE fund might have a number of reasons to rebrand a portfolio company. Regardless of the motivation, you must consider how others have fared when executing a rebrand and think about what will work best for […]  
  3i Group invests $179 mln in Magnitude Software :  
3i Group plc said March 19 that it will invest $179 million in Magnitude Software Inc. The enterprise value of the transaction is $340 million. Magnitude, of Austin, provides unified application data management solutions, operating in the US, the Netherlands, UK, Canada and India.  
  Goldman Sachs Asset Management to buy S&P investment advisory services :  
Goldman Sachs Asset Management said March 18 that it agreed to buy Standard & Poor's investment advisory services from S&P Global Market Intelligence, a division of S&P Global. Financial terms weren’t announced. SPIAS provides non-discretionary investment advice across institutional sub-advisory and intermediary distribution channels. It advised on more than $33 billion in assets across multi-asset, equity and fixed income strategies as of December 31, 2018.  
  One Rock Capital Partners to buy Newell’s process solutions business :  
Newell Brands said March 18 that it agreed to sell its process solutions business to One Rock Capital Partners LLC. Newell said after tax proceeds from the sale were anticipated to be $500 million. Process Solutions makes plastic, nylons, monofilament, and zinc products that aim to solve both industrial and consumer challenges.  
  Beekman Group invests in Convenient Payments :  
Beekman Group said March 18 that it recapitalized Convenient Payments LLC, providing growth capital to the company. Financial terms weren’t announced. Convenient provides software-based payment solutions for customers in the government, education, and medical sectors.  
  Black Dog Venture Partners buys 10 pct of Chronic Internet :  
Black Dog Venture Partners said March 18 that it acquired a 10 percent stake in Chronic Internet. Financial terms weren’t announced. Chronic Internet, a holding company, owns a portfolio websites focused on the cannabis industry without the direct sale of any cannabis products.v  
  Ardian invests in Eloquant :  
Ardian said March 18 it acquired a minority stake in Eloquant. Financial terms weren’t announced. The investment was part of an owner buyout (OBO) alongside its existing investors and management. Eloquant is a SaaS software publisher specializing in multichannel customer relations management.  
  Jordan Co to buy Sabre Industries from Kohlberg :  
Jordan Co LP said March 18 that it agreed to buy Sabre Industries Inc. Financial terms weren’t announced. Kohlberg & Co LLC is the seller. Management is also investing in the deal. Sabre, of Alvarado, Texas makes products for the utility and telecom markets, structures and complementary services for the electric transmission and wireless communication end markets.   
  ParkerGale buys DealerBuilt :  
ParkerGale has acquired DealerBuilt. Financial terms weren’t announced. DealerBuilt, of Mason City, Iowa and Grapevine, Texas, provides a dealer management system for auto dealers nationally.  
  Big buyout firms interested in Bayer’s animal-health unit: Bloomberg :  
PE firms including KKR and CVC Capital are exploring making bids for Bayer AG’s animal-health business, Bloomberg reported. Advent International, Blackstone Group LP, EQT Partners and Permira as well as industry rivals, could also be interested, the story said. Bayer’s animal-health business could fetch as much as 8 billion euros ($9 billion), Bloomberg said.  
  Sterling buys Polychem :  
The Sterling Group has acquired Mentor, Ohio-based Polychem, a provider of securement packaging. No financial terms were disclosed.  
  Blackstone to buy drug maker in maiden Japan PE deal: Reuters :  
Blackstone Group said on Friday it had agreed to buy Japanese drug maker Ayumi Pharmaceutical Corp, a deal one person said was worth around $1 billion.  
  DFW takes controlling stake in Sev1Tech :  
DFW Capital Partners has acquired a controlling stake in Sev1Tech, a provider of enterprise IT and program management support services. No financial terms were disclosed.  
  Stagwell to invest $100 mln in MDC :  
The Stagwell Group has agreed to invest $100 million in MDC Partners, a marketing and communications network. As a result of this transaction, Mark Penn, founder of Stagwell, will become CEO of MDC and a member of its board of directors. Penn's background includes senior executive positions at Microsoft as well as serving as a a senior adviser to global corporate and political leaders including Bill Gates, former U.K. Prime Minister Tony Blair, former U.S. President Bill Clinton and and former Secretary of State Hillary Rodham Clinton.  
  ACP invests $41 mln in eHealth Technologies :  
Aldrich Capital Partners has invested $41 million in eHealth Technologies. Based in West Henrietta, New York, eHealth is a provider of medical record retrieval and organization services and image-enabled HIEs.  
  Littlejohn acquires Western Industries Plastic Products :  
Littlejohn Capital has acquired Winfield, Kansas-based Western Industries Plastic Products LLC, a manufacturer of large blow-molded products. No financial terms were disclosed. Western was a portfolio company of Speyside Equity LLC.  
  Harkness invests in Kane Is Able :  
Harkness Capital Partners has made an investment in Kane Is Able Inc, a third-party logistics provider. No financial terms were disclosed.  
  Russia, China to buy 10 percent in Onexim Group’s mining company: Reuters :  
Russia’s RDIF sovereign wealth fund said on Thursday it had completed a joint deal with the Russia-China Investment fund and a Middle Eastern sovereign wealth fund to acquire a 9.53 stake in Russian mining company Intergeo.  
  Kayne Partners commits $15 mln to creative agency Ideas United :  
Kayne Partners, the growth equity group of Kayne Anderson Capital Advisors LP, has committed $15 million to Ideas United. With offices in California and Atlanta, Ideas United is a creative agency.  
  Equitrans Midstream’s unit to buy gas pipeline assets for $1.03 billion: Reuters :  
U.S. pipeline operator Equitrans Midstream Corp’s unit on Thursday signed a deal worth $1.03 billion to take control of two pipelines that connect the Marcellus and Utica shale basins, the nation’s biggest gas producing region, Reuters reported.   
  TorQuest acquires home furniture maker Prepac :  
TorQuest Partners has acquired Delta, British Columbia-based Prepac Manufacturing Ltd, a maker of ready-to-assemble home furniture sold through online retailers. No financial terms were disclosed. Steve Simpson, founder of Prepac, will also retain a significant investment in the business and sit on the board of directors. Prepac President Jim Mathison and the senior management team, will continue to run the company.  
  Livingbridge backs marketing agency Brainlabs :  
Livingbridge has made an investment in London-based Brainlabs, a marketing agency. No financial terms were disclosed. JEGI | CLARITY represented and advised the shareholders of Brainlabs on the transaction.  
  Abry invests in Dr. Dental :  
Abry Partners has made an investment in Framingham, Massachusetts-based Dr. Dental Management, a dental management service organization. No financial terms were disclosed.   
  LightBay and Freeman Spogli acquire FASTSIGNS :  
LightBay Capital and Freeman Spogli & Co have acquired Carrollton, Texas-based FASTSIGNS, a franchisor in the signage and visual graphics industry. No financial terms were disclosed.   
  Brookfield Asset Management to buy 62 percent of Oaktree Capital :  
Brookfield Asset Management Inc said March 13 that it agreed to buy 62 percent of Oaktree Capital Group LLC. Press reports valued the deal at $4.8 billion. The two firms will have about $475 billion of assets under management and $2.5 billion of annual fee-related revenues. Both Brookfield and Oaktree will continue to operate independently. Howard Marks will continue as co-chairman of Oaktree and is also joining Brookfield’s board.  
  SNH Capital buys Universal Background Screening :  
SNH Capital Partners said March 13 that it acquired Universal Background Screening and is merging it with its portfolio company PeopleFacts. Financial terms weren’t announced. Universal Background, of Phoenix, provides background screening products and services. Gibson, Dunn & Crutcher LLP acted as legal adviser while WhiteHorse Capital, the direct lending affiliate of H.I.G. Capital, provided financing to SNH.  
  Strand Equity invests in Real Good Food :  
Strand Equity has invested in The Real Good Food Co LLC and has a minority stake. Financial terms weren’t announced. Real Good, of Glendale, California, provides high protein, low-carb comfort food made that it says are made simple, real Ingredients. BofA Merrill Lynch provided financial advice to Real Good.  
  Group including Advent, KKR, EQT bid for Nestle’s skin-health business: Bloomberg :  
The sale of Nestle SA’s skin-health business, which could fetch $8 billion to $10 billion, has hit the second round, Bloomberg reported. A consortium that includes Advent International, Cinven and GIC Pte, as well as KKR & Co and EQT Partners are among the firms brought through to the second round, the story said. L’Oreal SA, Unilever NV and Carlyle Group LP were also invited, Bloomberg said.  
  New World Capital invests in IslamicMarkets :  
New World Capital Advisors said March 11 that it invested in IslamicMarkets. Financial terms weren’t announced. IslamicMarkets provides financial intelligence, e-learning and investment platform focused on the global Islamic economy.  
  TSG to acquire CorePower Yoga from L Catterton :  
L Catterton has agreed to sell CorePower Yoga, a yoga fitness studio operator, to TSG Consumer Partners. No financial terms were disclosed. BofA Merrill Lynch served as financial adviser to CorePower Yoga while Kirkland & Ellis providing legal counsel.  
  Tecum invests in Gilman Cheese :  
Tecum Capital Partners has made an investment in Gilman, Wisconsin-based Gilman Cheese Corporation, a maker of processed cheese. Tecum backed Borgman Capital's majority recapitalization of Gilman.  
  Spain’s Enagas to partner with Blackstone, GIC for stake in TGE: Reuters :  
Spain’s Enagas will pay, as part of a consortium deal, $590 million for a 10.93 percent indirect ownership interest in U.S. energy infrastructure company Tallgrass Energy (TGE), the company said in a statement on Monday.  
  Harren invests in Velosio :  
Columbus, Ohio-based Velosio, a provider of business management solutions for companies, has secured an undisclosed amount of funding. The investor was Harren Equity Partners.  
  Impact picks up $75 mln :  
Providence Strategic Growth, a growth equity affiliate of Providence Equity Partners, has led a $75 million investment in Impact. Also, Silversmith Capital Partners, an existing backer of Impact, also participated in the investment. Based in Santa Barbara, California, Impact is a provider of partnership automation solutions.  
  WJ Partners invests in PUPCO :  
WJ Partners has made an investment in Charlotte, North Carolina-based Power-Utility Products Co., a provider of strut channel, cable tray, fittings and associated products used in electrical infrastructure. No financial terms were disclosed. Also, PUPCO has named Cameron Todd as CEO. First Tennessee Bank provided debt financing to back WJ Partners’ acquisition of PUPCO.   
  NMS backed-U.S. Urology Partners adds Central Ohio Urology Group :  
U.S. Urology Partners, backed by NMS Capital, has acquired Central Ohio Urology Group. Financial terms weren't announced. Central Ohio Urology, of Gahanna, Ohio, provides urological services, including men’s health, women’s health, cancer care, advanced treatment options for bladder and prostate cancer, and radiation oncology.  
  Kinderhook buys RR Manufacturing, Rocky Ridge Transportation :  
Kinderhook Industries LLC said March 12 that it acquired RR Manufacturing LLC and Rocky Ridge Transportation LLC. Financial terms weren’t announced. RR Manufacturing and Rocky Ridge are OEM authorized specialty vehicle manufacturer for light-duty pickup trucks.  
  Partners Group invests in Greenlink Interconnector :  
Partners Group said March 12 that it provided equity financing for Greenlink Interconnector. Element Power and Hudson Sustainable Investments are current shareholders. Financial terms weren’t announced. Greenlink is a project to construct a 500MW subsea interconnector between Ireland and Great Britain.  
  News Corp to bid for Mergermarket: Financial Times :  
News Corp and private equity firms are expected to bid for Acuris, the owner Mergermarket, the Financial Times is reporting. KKR, Advent International, Hellman & Friedman, EQT as well as Axel Springer are have also expressed interest, the story said.  
  777 Partners buys travel tech firm Air Black Box :  
777 Partners has acquired Air Black Box, a travel technology company. No financial terms were disclosed.  
  Ardenton provides funding to Budget Greeting Cards :  
Ardenton Capital has made an investment in UK and Ireland-based based Budget Greeting Cards, a designer and seller of greetings cards and gift wrap. No financial terms were disclosed.  
  SE Capital and Berggruen Holdings buys TLC :  
SE Capital Partners and Berggruen Holdings have acquired Brooklyn Center, Minnesota-based TLC Companies, a transportation specific professional employer organization. No financial terms were disclosed.   
  U.S. fund Advent drops takeover bid for Italy’s Cerved: Reuters :  
U.S. private equity fund Advent has decided for the moment not to go ahead with its takeover bid for Italian credit data provider Cerved after news of its offer was leaked to the market, Cerved said in a statement on Monday.  
  ACON to acquire controlling stake in JD Beauty :  
ACON Investments LLC has agreed to acquire a controlling stake in JD Beauty, a maker of hair care accessories, from Topspin Partners. No financial terms were disclosed. JD Beauty will merge with ACON portfoliio company Goody Products Inc. The deal is expected to close in late March 2019. Based in Atlanta, Good Products sells hair brushes, combs and other hair accessories.  
  TPG to take a majority stake in Goodnight Midstream :  
TPG will acquire a majority stake in Goodnight Midstream for about $930 million. As part of the transaction, Tailwater Capital LLC and Goodnight Midstream's other investors will maintain a "significant" minority stake. Dallas-based Goodnight Midstream provides oilfield water infrastructure to oil and gas producers.  
  Amazon, Yankees team up to buy YES Network: Reports :  
The New York Yankees are partnering with Amazon, Sinclair Broadcast Co and a group of private equity investors, including Blackstone, to buy the YES Network from Walt Disney Co  for $3.47 billion, according to press reports. The Yankees will be the largest shareholder in the channel, the New York Times said.  
  Behrman Capital invests in Emmes Corp :  
Behrman Capital said March that it invested the Emmes Corp. Financial terms weren’t announced. Emmes is a contract research organization that partners with government, private foundation, and commercial clients to develop treatments for diseases and disorders impacting public health.  
  CCMP Capital to buy BGIS for roughly $1 bln :  
CCMP Capital Advisors LP said March 11 that it is buying BGIS for about $1 billion. Brookfield Business Partners is the seller. CEO Gordon Hicks and the management team will remain in place. BGIS is a facilities management company.  
  Blackstone invests in Carrix :  
Blackstone said March 10 that it invested in Carrix. Financial terms weren’t announced. Carrix is a marine terminal operator, with activities at more than 250 terminal facilities and rail operations throughout geographies in the U.S., Canada, Mexico, Central America, South America, Asia, New Zealand and South Africa.  
  Greenbriar Equity, First Aviation Services buy Dart Aerospace :  
Greenbriar Equity Group LP and First Aviation Services Inc said March 11 that they acquired Dart Aerospace. Eagle Copters Ltd and Era Group Inc are the sellers. Dart Aerospace provides mission equipment and aftermarket components for the helicopter and fixed-wing industries. Houlihan Lokey served as financial adviser to Era and Eagle Copters.  
  Keensight Capital buys majority of IVIDATA :  
Keensight Capital said March 11 that it acquired a majority stake in IVIDATA. Financial terms weren’t announced. IVIDATA, of Paris, is a consulting group specialized in Big Data and Artificial Intelligence services.  
  Messer and CVC complete acquisition of parts of Linde business :  
Messer Group and CVC Capital Partners have acquired most of the North American gases business of Linde plc, as well as certain Linde business activities in South America. No financial terms were disclosed.   
  Apax tests appetite for $1.6 billion sale of IT firm Engineering. say sources: Reuters :  
European private equity firm Apax is sounding out prospective bidders for Engineering Ingegneria Informatica, a deal that could value the Italian IT services firm at more than 1.5 billion euros ($1.68 billion), sources told Reuters.  
  KPS sells IES’ Paladin and Pengo business units :  
KPS Capital Partners LP has sold International Equipment Solutions' Paladin and Pengo business units to Stanley Black & Decker. No financial terms were disclosed. KPS will retain ownership of ISE' Genesis and Crenlo Global business units. Headquartered in Oak Brook, Illinois, IES is a manufacturer of engineered equipment for off-highway applications.  
  Anchor acquires Quality Industries :  
Anchor Partners has acquired La Vergne, Tennessee-based Quality Industries, a provider of metal fabricated products and services. No financial terms were disclosed. Angle Advisors provided banking advice to Quality Industries on the deal.  
  Providence’s Blackboard to sell Cashnet to Reverence :  
Blackboard Inc said March 7 that it agreed to sell its Transact business unit, including Cashnet, to Reverence Capital Partners. Financial terms weren’t announced. The deal is expected to close in second quarter. Transact, of Phoenix, provides campus engagement and payments solutions to higher-education and other institutions in the U.S. and internationally. Blackboard is a portfolio company of Providence Equity Partners. Deutsche Bank served as financial adviser, while Dechert acted as legal counsel to Blackboard.  
  AE Industrial Partners buys Resolute Industrial Holdings :  
AE Industrial Partners LP said March 8 that it acquired Resolute Industrial Holdings LLC. Financial terms weren’t announced. One Equity Partners is the seller. Resolute, of Indianapolis, provides temporary HVAC&R solutions in North America. Kirkland & Ellis LLP provided legal advice while PricewaterhouseCoopers LLP served as financial adviser to AEI.  Sidley Austin LLP was legal adviser and Robert W. Baird & Co served as financial adviser to Resolute and its prior owner One Equity Partners.  
  Germany’s Linde agrees to sell South Korea assets to IMM for $1.2 billion, say sources: Reuters :  
German industrial gases group Linde has agreed to sell its South Korean assets to local private equity firm IMM for 1.3 trillion won ($1.15 billion), sources told Reuters.  
  One Equity sells Resolute Holdings; makes 2.1x on deal :  
One Equity Partners said March 8 that it closed the sale of Resolute Industrial Holdings LLC. Financial terms weren’t announced. Resolute Industrial, of Indianapolis, provides York-brand chilling products, compressor remanufacturing, refrigerant storage, and other heating, ventilation, air conditioning and refrigeration equipment services. The Resolute sale produced an IRR of 28 percent for One Equity, which made 2.1x its money on the transaction, a source said. One Equity declined comment. UPDATE: The buyer was AE Industrial Partners LP.  
  JMC buys Mansfield :  
JMC has acquired Mansfield Sales Partners, a provider of revenue and B2B sales consulting services to technology sector and private equity portfolio companies. No financial terms were disclosed. In addition to the acquisition, Greg Dunne, founder and CEO of Mansfield, will join JMC as an operating partner.  
  Mason Wells invests in RJW :  
Mason Wells has made an investment in RJW Logistics Group Inc, a provider of supply chain logistics services for consumer packaged goods companies. No financial terms were disclosed.  
  Sterling Group sells Process Barron to Carousel Capital :  
The Sterling Group said March 6 that it sold Process Barron to Carousel Capital. Financial terms weren’t announced. Process Barron, of Birmingham, Alabama, designs, makes and installs industrial process fans and material handling systems, while also providing follow-on service and maintenance for this equipment. Houlihan Lokey and Willkie Farr & Gallagher advised Sterling on the transaction.  
  Platinum Equity to buy majority of Iberconsa from Portobello Capital :  
Platinum Equity said March 7 that it agreed to buy a majority of Grupo Ibérica de Congelados SA. Sellers include Portobello Capital and affiliates of the company’s founding families. Financial terms weren’t announced. Iberconsa, of Vigo, Spain, provides frozen seafood products, including hake, Argentine red shrimp and squid.  
  DS Smith sells plastics division to Olympus :  
DS Smith said March 6 that it agreed to sell its plastics division to Olympus Partners for an enterprise value of $585 million. The plastics division comprises the plastics operations of DS Smith, including flexible plastics, rigid plastics and foam products. DS Smith expects net proceeds after taxation, transaction adjustments and expenses of approximately 400 million pounds.  
  SFW Capital invests in Greenshades Software :  
SFW Capital Partners said March 7 that it invested in Greenshades Software. David Rosas and Matt Kane, Greenshades co-founders, are also investing. Financial terms weren’t announced. Greenshades, of Jacksonville, Florida, provides payroll tax and human capital management information and software solutions.  
  Apollo Global to buy Direct ChassisLink in $2.5 billion deal: sources :  
Buyout firm Apollo Global Management LLC has agreed to acquire Direct ChassisLink Inc, the largest chassis rental and leasing company in the United States, for about $2.5 billion, including debt, Reuters reported.   
  Sterling sells Process Barron to Carousel Capital :  
Carousel Capital has acquired Birmingham, Alabama-based Process Barron, a provider of industrial process fans and material handling systems. The seller was The Sterling Group. No financial terms were disclosed. Houlihan Lokey and Willkie Farr & Gallagher advised Sterling on the transaction.  
  Blackstone takes minority stake in GI Partners :  
Blackstone has acquired a minority stake in San Francisco-based GI Partners, a middle-market asset management firm. No financial terms were disclosed. Evercore served as financial adviser to GI Partners. on the deal. Kirkland & Ellis served as legal counsel to GI Partners while Simpson Thacher did likewise for Blackstone.   
  Trinity invests in Falcon Structures :  
Trinity Private Equity Group has made an investment in Falcon Structures, a maker of container-based structures. No financial terms were disclosed.  
  Witter Family Offices invests in Silvergate :  
The Witter Family Offices has made an investment in Silvergate Bank, a provider of financial infrastructure solutions and services to the digital current industry. No financial terms were disclosed. Last November, Silvergate filed for an IPO that seeks to raise up to $50 million.  
  Private equity firm Advent mulls 1.8 billion euro bid for Italy’s Cerved, says source: Reuters :  
U.S. private equity fund Advent is considering making an 1.8 billion euro ($2.03 billion) offer for Italian debt collector Carved, a source told Reuters.  

What we do

Certus Capital Partners are international capital raising specialists focused on the global Healthcare, Energy and Sports Entertainment sectors. Through unique market positioning and an extensive network of key industry relationships, we are able to provide our clients with access to leading sector specialist corporate and Institutional investment funds deploying capital across the Startup, Venture Capital, and Mid-Market arena on an international basis.

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Sectors

Certus’s fundraising capabilities cover three main sectors, allowing our commercial specialists to focus on monitoring latest capital movements & M&A activity within these domains and to provide each Capital Raiser with a fully bespoke approach to investor research and selection.

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Healthcare

Private Equity & Investments

Healthcare

Certus support Capital Raisers seeking equity capital across the full value chain of the Healthcare sector. This incorporates:

  • Biotechnology
  • Biomedicine
  • Healthcare IT
  • Healthcare Services
  • Life Sciences
  • Medical Devices
  • Medical Instruments
  • Medical Technologies
  • Pharmaceuticals
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sector

Sports & Entertainment

Sports & Entertainment

Given the rapid growth of M&A within the Sports & Entertainment space, Certus have supported investment appetite from the US and Asia in particular. Our capital focus lies within three main sectors:

  • Sports Teams & Franchises
  • Sports Events
  • Sports Technology
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Capital Raising & Solutions
sector

Oil and Gas

Oil & Gas Capital Raising

Oil and Gas

Our Oil & Gas capital raising experience spans the breadth of the Upstream and Downstream sector with particular emphasis on the early stage E&P and Oilfield services domain.

Previous engagements have focused largely on the North American and West African exploration regions, capitalising on the key relationships we hold within the Private Equity, Governmental and Professionals services sphere.

Investor registration

If you wish to register as an Investor with Certus Capital Partners, please click below

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Capital Raiser registration

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