Posts filtered by tags: PE Deals[x]


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. PRESS RELEASE By Light Acquires Phacil, Significantly Expanding Core IT Capabilities Arlington, VA, March 25, 2019 – By Light Professional IT Services LLC (“By Light” or “the Company”) today announced th...
Tags: PE Deals, Tech

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 ...
Tags: Consumer/Retail, PE Deals, ASNA

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. PRESS RELEASE Brookfield Makes $750 Million Investment to Advance TransAlta’s Transition to Clean Energy TransAlta to host Investor Conference Call at 7:00 AM MDT All ...
Tags: Energy/Power, PE Deals, TAC, TA

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 four-part series on how to get digital right in the diligence process. In part one we looked at how to make sense of tech lingo, or the blizzard of buzzwords during diligence. Here we’re looking at ...
Tags: PE Deals

Telecom equipment provider Avaya considers leveraged buyout: Reuters

(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, people familiar with the matter said on Sunday. The acquisition offer comes 15 months after Avaya emerged from bankruptcy protection, the legacy of a previous leveraged buyout, its $8.3 billion sale to private equity firms TPG Capital and Silver Lake in 2007. Avaya’s board of directors is evalua...
Tags: PE Deals, Tech, Reuters

Inmarsat to go private in $3.4 billion buyout deal: Reuters

(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. The consortium includes UK-based Apax Partners, U.S.-based Warburg Pincus and Canada Pension Plan Investment Board (CPPIB) and Ontario Teachers’ Pension Plan Board. Inmarsat shareholders will get $7.21 cash, or 546 pence per share. Inmarsat’s shares were up 8.5 percent at 549 pence by 0910 GMT,...
Tags: PE Deals, Tech, Reuters, CPPIB

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. PRESS RELEASE TORONTO–(BUSINESS WIRE)–Onex Corporation (“Onex”) (TSX: ONEX) and Gluskin Sheff + Associates Inc. (“Gluskin Sheff”) (TSX: GS) today announced they have entered into a definitive agreement under which Onex will acquire 100% of Gluskin Sheff for C$14.25 per share. The purchase price represents a 28% premium to Gluskin Sheff’s cl...
Tags: PE Deals, ONEX, VWAP, GS

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. PRESS RELEASE TRANSACTION COMPLEMENTS EXISTING SUITE OF PRIVATE ALTERNATIVE INVESTMENT STRATEGIES, ADDING OVER $3 BILLION IN AUM AND COMMITTED CAPITAL • Transforms Fiera Private Lending into a leading pan-Canadian non-bank private lending platform • Accelerates Fiera Properties growth with a complementary nic...
Tags: Financial Services, PE Deals, SEC, IAM, UK, IOM, FSZ

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. PRESS RELEASE MONTRÉAL and CHICAGO, March 21, 2019 /PRNewswire/ – La Caisse de dépôt et placement du Québec (“CDPQ”) has acquired a minority stake in Hilco Trading, LLC (d/b/a “Hilco Global”), an independent financial services company. Following the transaction, CDPQ will own 27% o...
Tags: Facebook, India, US, Trends, Chicago, Canada, New Delhi, Quebec, JEFFREY, Northbrook Illinois, PE Deals, Hilco, CDPQ, Quebec CDPQ, Stephane Etroy Executive, Hilco Global

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 Fi...
Tags: Trends, United States, CalFire, First Response, Shannon, USDA Forest Service, USFS, Solberg, Perimeter, PE Deals, SK Capital, Laura Horn, Perimeter Solutions, Post Falls Idaho, Industrial/Manufacturing, USDA Forest Service CalFire

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. Press Release Hunt Valve Company (Hunt Valve), a specialty valve engineering and manufacturing company serving the United States Navy and industrial customers worldwide, announced today that it has completed its acquisition of Montreal B...
Tags: Navy, Virginia, Trends, Chicago, Nato, Ford, EC, Hunt, Kay, U S Navy, Terrebonne Quebec, United States Navy, Houlihan Lokey, David Bala, Griesemer, PE Deals

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. Press Release ACON Investments, L.L.C. and its affiliates (“ACON”), owners of Goody Products, Inc. (“Goody”), today announced it has completed the acquisition of JD Beauty Co., L...
Tags: Asia, Europe, New York, Trends, Washington Dc, Goody, ACON, PE Deals, Ouidad, ACON Investments, ACON Investments ACON Investments L L C, Washington DC Los Angeles Mexico City São Paulo, United States Latin America, Newell Brands, Topspin Partners, Jeff Rosenzweig

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. PRESS RELEASE ST. LOUIS, March 20, 2019 /PRNewswire/ — Phillips & Temro Industries, Inc., a Harbour Group company, acquired EVoCharge, Inc. (“EVoCharge”), Jeff Fox, Harbour Group’s chairman and chief executive, announced today. Term...
Tags: Los Angeles, Trends, Tech, Fox, North America, Phillips, PTI, Tom Moser, EDEN PRAIRIE Minn, Harbour Group, PE Deals, About Harbour Group Harbour Group, St Louis Missouri Harbour Group, Temro, Phillips Temro Industries Inc, EVoCharge Inc

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. PRESS RELEASE MIDLAND, Texas, March 21, 2019 — Gravity Oilfield Services Inc. (“Gravity”), a leading energy and oilfield infrastructure company backed by affiliates of Clearlake Capital Group, L.P. (“Clearlake”), today announced the acquisition of certain water disposal infrastructure from...
Tags: Trends, Bakken, MBI, Marcellus, Permian Basin, Clearlake, PE Deals, Clearlake Capital Group LP, Clearlake Capital Group L P, Clearlake Capital Group Clearlake Capital Group, Colin Leonard, Bakken Eagle Ford, José E Feliciano Co Founder, McKenzie Energy Partners, Gravity Oilfield Services Inc, Managing Partner of Clearlake

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. PRESS RELEASE BREA, Calif.–(BUSINESS WIRE)–CoolSys, a parent of market-leading refrigeration and HVAC companies nationwide, announced today that is has been acquired by a fund managed by the Private Equity Group of Ares Management Corporation. CoolSys will continue to operate under its current...
Tags: Real Estate, Australia, Trends, Financial, North America, Southern California, Orange County Calif, PE Deals, Audax Group, Credit Private Equity, United States Europe Asia, BREA Calif, CoolSys, Adam Coffey, Industrial/Manufacturing, Ares Management PE Group

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. PRESS RELEASE Continued high pace of acquisition activity for leading independent investment boutique as it reinforces global position ...
Tags: London, France, Trends, Asia Pacific, Miami, Financial Services, Ken Costa, Gfc, US Europe, North America Europe, Guggenheim Partners, Queensgate Investments, Lazard International, PE Deals, Iskander, Tradeshift

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 the Gate” era of the mid-1980s, during the exuberant runup to the 2008 global financial crisis, and now. The Barbarians era and the precrisis boom were short-lived,...
Tags: Boston, Trends, Blackstone, Bain, EBITDA, Carlyle, Hugh, Apollo Hellman Friedman, PE Deals, Bain Co, MacArthur Bain Co Valuation, Macro Trends Group, Hugh MacArthur, Reach Hugh

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. PRESS RELEASE ATLANTA, March 20, 2019 – PDI, a leading global provider of enterprise software solutions to the convenience retail, wholesale petroleum and logistics industries, announced today an investment by...
Tags: Hong Kong, San Francisco, Trends, Tech, Atlanta, ERP, Insight Venture Partners, Ta, PDI, PE Deals, Genstar Capital, Genstar, TA Associates, Deven Parekh, TA Associates TA Associates, Boston Menlo Park London Mumbai

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. Press Release Acuris, the BC Partners and GIC-backed provider of global data, intelligence, research and analysis has acquired Blackpeak, the investigative research firm. Co-founded by Jack Clode and Chris Leahy in 2011, Blackpeak has grown to become a premier provider of ...
Tags: Asia, Singapore, Trends, Washington Dc, Financial Services, GIC, Ari, BC Partners, PE Deals, Acuris, Chris Leahy, Hamilton Matthews CEO of Acuris, Blackpeak, Jack Clode, Blackpeak the investigative research firm Co, Hong Kong Blackpeak

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. PRESS RELEASE GenNx360 Capital Partners (“GenNx360”) is pleased to announce that it has acquired a majority interest in Mill...
Tags: New York City, Trends, Company, Meg, George Wallace, Mark Miller, PE Deals, GenNx360 Capital Partners, Industrial/Manufacturing, Miller Environmental Group, Jerry Coogan, Miller Environmental Group Inc MEG, Calverton New York MEG, Matt Guenther

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. PRESS RELEASE Press Release – Kroger and Peak Rock Capital Announce Definitive Agreement for Purchase of Kroger‘s Turkey Hill Business March 19, 2019 Link The Kroger Co. (NYSE: KR) and ...
Tags: Trends, Turkey, Pennsylvania, Kroger, Austin Texas, Kroger Co, Kroger Co NYSE, Turkey Hill, PE Deals, KR, Rock Capital, Anthony DiSimone, Consumer/Retail, Peak Rock, Robert Pistilli, Rock Capital Financial

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.
Tags: Trends, Tech, Inmarsat, Financial Times, Warburg Pincus, Apax, PE Deals, Apax Warburg, Inmarsat the Financial Times

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. Press Release Gryphon Investors (“Gryphon”), a San Francisco-based private equity firm, announced today that it has acquired a majority stake in LEARN Behavioral (“LEARN” or “the Company”), from LLR Partners. LEAR...
Tags: Cdc, San Francisco, Trends, United States, Healthcare, Aba, Company, Kirkland Ellis, Baltimore Maryland, McGuireWoods, Gryphon, PE Deals, Gryphon Investors, San Francisco Gryphon, Berkery Noyes, Kevin Blank

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. PRESS RELEASE Kinderhook Acquires Adell Corporation   March 19, 2019   New York, NY – Kinderhook Industries, LLC (“Kinderhook”) announced today its purchase of Adell Corporation (“Adell” or the “Company”). Adell will serve as a platform for a buy-and-build strategy focused on gen...
Tags: Trends, United States, Pearson, Company, Kirkland Ellis LLP, PE Deals, OEM, Kinderhook, Kinderhook Industries LLC, Tom Tuttle, Adell, Sunnyvale Texas, New York NY Kinderhook Industries LLC Kinderhook, Adell Corp, Adell Corp Financial, Kinderhook Acquires Adell Corporation

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.    
Tags: Trends, Blackstone, Wall Street Journal, WSJ, Blackstone Group, Servpro, PE Deals, Industrial/Manufacturing, Servpro Industries, Doris Isaacson, Ted Isaacson, Susan Steen

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...
Tags: Trends, Bloomberg, KKR, Savers, PE Deals, Leonard Green Partners, Consumer/Retail, Ares Crescent Capital, Green TPG, Ares Management and Crescent Capital Corp, Savers LLC, TPG Bloomberg, Ares and Crescent

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 your business. Look to PE funds and portfolio companies that have been through the rebranding process to understand what you should — and shouldn’t — do moving ...
Tags: America, Trends, CMO, Jp Morgan, Mastercard, Matt, Tampa Florida, Dunkin, Dunkin' Donuts, Matt Stein, PE Deals, Christina Brathwaite

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. PRESS RELEASE 3i Group plc (“3i”) today announces that it will invest c. $179m in Magnitude Software Inc., (“Magnitude”), a leading provider of unified application data management solutions, operating in the US, the Ne...
Tags: India, US, Trends, Tech, ERP, Austin, North America, Sap, North America Europe, PE Deals, Netherlands UK, 3i Group, 3i Group plc, Magnitude Software Inc, Chris Ney, Magnitude of Austin

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. PRESS RELEASE NEW YORK, March 18, 201...
Tags: Europe, New York, Global, Trends, European Union, Syria, United States, United Kingdom, SEC, Financial Services, Standard Poor, Michael Thompson, Kensho, Goldman Sachs Asset Management, PE Deals, Global Financial

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. PRESS RELEASE HOBOKEN, N.J.–(BUSINESS WIRE)–Newell Brands (NASDAQ:NWL) today announced that it has signed a definitive agreement to sell its Process Solutions Business to...
Tags: Usa, Trends, NWL, Parker, Coleman, Oster, Graco, Elmer, Sunbeam, Newell, Rubbermaid, PE Deals, Credit Suisse Securities USA LLC, Newell Brands, Rock Capital Partners LLC One Rock, Industrial/Manufacturing

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