Posts filtered by tags: PE Deals[x]


 

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


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. PRESS RELEASE NEW YORK–(BUSINESS WIRE)–The Beekman Group (“Beekman”) announced the majority recapitalization of Convenient Payments LLC (“Convenient Payments” or the “Company”) by its affiliate, Beekman Investment Partners III, LP....
Tags: Utah, New York, New York City, Trends, Financial Services, Company, Andrew Brown, Casey, PE Deals, Beekman, Beekman Group, Beekman Group Beekman, Beekman Investment Partners III LP, Casey Leloux


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. PRESS RELEASE March 18, 2019 – PHOENIX, AZ/ KEALIA, HI — Black Dog Venture Partners announced today that they have acquired a ten percent stake in Hawaii based cannabis digital media agency, Chronic Internet. Terms of the...
Tags: Trends, Hawaii, Scott Kelly, Phoenix, Black Dog, PE Deals, Consumer/Retail, Black Dog Venture Partners, Chronic Internet Financial, AZ KEALIA, Steve Monas


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. PRESS RELEASE ARDIAN  SUPPORTS ELOQUANT IN ITS GROWTH   Paris, 18 March 2019  –  Ardian, a world-leading private investment house, today announces the acquisition of a minority stake in Eloquant, a SaaS...
Tags: Asia, Europe, France, Americas, US, Trends, Tech, Ceo, Frankfurt, Santiago, Paris, BNP Paribas, Hewlett Packard, Seoul, Zurich, McDermott


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. Kirkland & Ellis LLP acted as legal adviser to TJC. Houlihan Lokey Capital Inc and KeyBanc Capital Markets Inc were financial adviser...
Tags: Trends, Tech, Chicago, United States, North America, Sabre, Company, Kristin, Kirkland Ellis LLP, Paul Weiss Rifkind Wharton Garrison, KeyBanc Capital Markets Inc, LLP, TJC, Kohlberg, PE Deals, Jordan Co


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. PRESS RELEASE ParkerGale Capital Partners with Dealer Management System Software Provider DealerBuilt With increased capital & resources DealerBuilt will be able to further improve customer service & accelerate release of in-demand technologies including F&I e-signature platform and ceDMS Chicago, IL, March...
Tags: Google, Trends, Tech, Chicago, Mason City Iowa, Milligan, Grapevine Texas, PE Deals, DMS, ParkerGale Capital, ParkerGale, DealerBuilt Financial, ParkerGale Capital Partners, Mike Trasatti DealerBuilt, Trasatti, Ryan Milligan Partner at ParkerGale


Sterling buys Polychem

The Sterling Group has acquired Mentor, Ohio-based Polychem, a provider of securement packaging. No financial terms were disclosed. PRESS RELEASE Houston, Texas – March 15, 2019 – The Sterling Group, an operationally focused middle market private equity firm, today announced the acquisition of Polychem Corporation. Polychem is a leader in the securement packaging industry. The company manufactures polyester (“PET”) and polypropylene strapping consumables, securement equipment and related product...
Tags: Trends, Houston Texas, Mentor Ohio, Sterling Group, PE Deals, Gary Rosenthal, Industrial/Manufacturing, Polychem, Polychem Corporation Polychem, Liqui Box Exopack


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. The deal marks the first one in Japan by the U.S. private equity (PE) firm after it set up a local team in 2017 to broaden its focus beyond property transactions. Blackstone will acquire the maker of anti-rheumatism drugs from PE firm Unison Capital and medical information site business M3, Blackstone said in a statement. It did not provide any d...
Tags: Asia, Japan, Trends, Healthcare, Blackstone, Reuters, Blackstone Group, PE, PE Deals, Ayumi, Unison Capital, Atsuhiko Sakamoto, Ayumi Pharmaceutical Corp


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. PRESS RELEASE Woodbridge, VA – Sev1Tech, LLC. (“Sev1Tech”), a leading provider of enterprise IT and program management support services, is pleased to announce a recently formed a private partnership with DFW Capital Partners (“DFW”), who has acquired a controlling equity stake in Sev1Tech to fuel their growth and support the t...
Tags: Washington, Trends, Tech, ISO, Bob, DFW, Teaneck New Jersey, Chevy Chase Maryland, PE Deals, Woodbridge VA, DFW Capital Partners, DFW Capital Partners DFW Capital Partners, Bob Lohfeld, Government and Commercial, Doug Gilbert Partner, CMMI SVC


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 S...
Tags: New York, Microsoft, Trends, Bill Gates, Bill Clinton, Tony Blair, Goldman Sachs, WPP, Penn, State, Mark, Company, Hillary Rodham Clinton, MDC, MDC Partners, Business Services


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. PRESS RELEASE WEST HENRIETTA, N.Y. and VIENNA, Va., March 14, 2019 /PRNewswire/ — Today, Aldrich Capital Partners (ACP), an investment firm based in Vienna, Virginia, announced it has invested $41M in West Henrietta-based, eHealth Technologies, the national leading provider of medical reco...
Tags: Trends, Vienna, Washington Dc, Healthcare, Silicon Valley, Rochester, Andrew Cuomo, Twitter Facebook, ACP, Hie, Monroe County, PE Deals, Vienna Virginia, West Henrietta New York, Aldrich Capital Partners, Aldrich Capital Partners ACP


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. PRESS RELEASE SAVANNAH, GA, March 15, 2019 – LJC Investments IV, LLC, an investment vehicle controlled by Littlejohn Capital, LLC (“Littlejohn Capital”), today announced the acquisition of Western Industries Plastic Products LLC (“Western”), a niche technical manufac...
Tags: Trends, North America, Littlejohn, PE Deals, Littlejohn Co, Littlejohn Capital, Littlejohn Capital LLC, Angus C Littlejohn Jr, Littlejohn Capital Littlejohn Capital, Morrison Cohen, Winfield Kansas, Industrial/Manufacturing, Western Industries Plastic Products, Western Industries Plastic Products LLC, Speyside Equity LLC, Angus C Littlejohn


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. PRESS RELEASE SCRANTON, PA, March 13, 2019 – Third-party logistics provider Kane Is Able, Inc. (KANE — www.kaneisable.com) announced today that affiliates of Harkness Capital Partners have agreed to make an investment into the company to in support of KANE’s growth strategy of expanding its services and national presence. “Operationally, 2018 was an outstandi...
Tags: California, Trends, United States, Kane, Michael Gardner, Business Services, PE Deals, Harkness, Harkness Capital, Republic Partners, Harkness Capital Partners, Kane Is Able Inc, Kane Is Able Inc KANE, Atlanta Allentown PA, Dick Kane, Kane Is Able


Harkness provides funding to 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. PRESS RELEASE SCRANTON, PA, March 13, 2019 – Third-party logistics provider Kane Is Able, Inc. (KANE — www.kaneisable.com) announced today that affiliates of Harkness Capital Partners have agreed to make an investment into the company to in support of KANE’s growth strategy of expanding its services and national presence. “Operationally, 2018 was an outstandi...
Tags: California, Trends, United States, Kane, Michael Gardner, Business Services, PE Deals, Harkness, Harkness Capital, Republic Partners, Harkness Capital Partners, Kane Is Able Inc, Kane Is Able Inc KANE, Atlanta Allentown PA, Dick Kane, Kane Is Able


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. Intergeo, a part of Onexim Group, which manages the assets of Russian billionaire Mikhail Prokhorov, is developing its Kingash deposit in Russia’s Krasnoyarsk region and Ak-Sug deposit in the southern Siberian Tuva region. RDIF said it and its partners were joining the projec...
Tags: China, Russia, Trends, Reuters, Russia China, Mikhail Prokhorov, Krasnoyarsk, Tuva, Onexim Group, PE Deals, RDIF, Energy/Power, Russia China Investment, Intergeo Intergeo, Ak Sug


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. PRESS RELEASE ATLANTA, March 13, 2019 /PRNewswire/ — Ideas United, LLC, a creative studio changing the way stories are told, announced today that Kayne Partners, the growth equity group of Kayne Anderson Capital Advisors, L.P., has committed $15 million in equity funding to support Ideas United’s growt...
Tags: California, Trends, North America, United, Kayne Anderson, Business Services, PE Deals, Kayne Anderson Capital Advisors LP, Kayne Anderson Capital Advisors, Kayne Anderson Capital Advisors L P, Kayne Partners, Rob Shilton, Ideas United, Ideas United With, Atlanta Ideas United, PRNewswire Ideas United LLC


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. The unit, EQM Midstream Partners LP, will buy a 60 percent stake in Eureka Midstream Holdings LLC and whole of Hornet Midstream Holdings LLC, from a fund managed by Morgan Stanley. EQM will pay $860 million in cash and assume $170 million of debt, as part of the deal. Gas...
Tags: West Virginia, Trends, Ohio, Eureka, Citi, Reuters, Utica, Marcellus, Pennsylvania Ohio, EQM, PE Deals, Guggenheim Securities LLC, Energy/Power, Equitrans Midstream, Equitrans Midstream Corp, EQM Midstream Partners LP


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. PRESS RELEASE Toronto, Ontario – March 14, 2019 – TorQuest Partners (“TorQuest”)...
Tags: Trends, North America, Company, RTA, TorQuest Partners, PE Deals, Steve Simpson, Amazon Wayfair, TorQuest, Consumer/Retail, Prepac, Delta British Columbia, Prepac Manufacturing Ltd, Jim Mathison, PRESS RELEASE Toronto Ontario, Delta British Columbia The Company