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| September 27, 2018 |
Year 11 Volume 9 Issue 15
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Good afternoon all -
If you're active in the automotive space you should note that mid-market investment bank
Lincoln International has hired
Sanjeev Varma as a senior advisor. Sanjeev has a combined 34 years of automotive industry, investment banking and consulting experience with lots of time spent active in mergers and acquisitions, restructurings, marketing, strategic planning, and business development. During his 20 years working directly in the auto industry, he held senior positions at
Magna Powertrain and
New Venture Gear. He began his career with
Chrysler in 1984.
Nautic has acquired
Mikart, a contract developer and manufacturer of solid dose and non-sterile liquid pharmaceuticals. The company has lots of capabilities and its make products in tablet, capsule, or liquid form and packages them in bottles, blister packs, pouch and foil strip packs, cartons and trays. Mikart has 234,000 sq. ft. of facilities in Atlanta that meet and exceed current FDA and cGMP standards. Nautic acquired the business from retiring owner
Miguel Arteche and at close Nautic appointed
Michael Kallelis as the company's new CEO.
Chris Crosby and
Chris Vinciguerra led the transaction forNautic. Check out today's article for more detail.
Yesterday's big read...
Following the playbook it has used so successfully in the past,
Arsenal
is once again building up a specialty adhesives and sealants company. The firm's platform,
Meridian Adhesives Group
, has closed on the buy of Dalton, GA-based
W.F. Taylor
, a manufacturer of flooring adhesives for both hard surfaces and carpets.
Roy Seroussi leads the transaction for Arsenal.
Publisher
Private Equity Professional
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Today's News and Transactions
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Nautic Partners has acquired Mikart, a contract developer and manufacturer of solid dose and non-sterile liquid pharmaceuticals. Mikart's services include formulation development, clinical trial supplies, regulatory filing support, analytical services, clinical manufacturing, commercial manufacturing, and packaging. The company can manufacture products in tablet, capsule, or liquid form and its packaging capabilities...Read More
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J.W. Childs Acquires Walker Edison
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J.W. Childs has acquired Walker Edison, a supplier of ready-to-assemble furniture to global e-commerce platforms, from co-founders Brad Bonham and Matt Davis, and Caltius Structured Capital. Mr. Bonham and Mr. Davis are retaining a significant equity ownership interest in partnership with J.W. Childs. Walker Edison's products are available in a range of...Read More
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Argosy Acquires ECS Environmental
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Argosy Private Equity has acquired a majority interest in ECS Environmental Solutions, a designer and manufacturer of systems that are used for odor control in the municipal wastewater market. ECS' odor control and air pollution solutions include activated carbon, biological, and chemical elements and are custom tailored for specific odor control criteria and customer need...Read More
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Lincoln Adds Automotive Senior Advisor
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Global mid-market investment bank Lincoln International has added Sanjeev Varma to its team as a senior advisor. Mr. Varma's will support the efforts of Lincoln's Automotive and Truck Group and Special Situations Group.
"We are excited to add Sanjeev's credentials to our advisory service capabilities," said Robert Satow, a Lincoln Managing Director...Read More
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Important News You Might Have Missed
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Arsenal Building Adhesives Giant
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Meridian Adhesives Group, a portfolio company of Arsenal Capital Partners, has acquired W.F. Taylor, LLC, from Dominus Capital. W.F. Taylor, acquired by Dominus from Grace Matthews in April 2015, is a manufacturer and marketer of flooring adhesives for use with carpet - including carpet tile and broadloom; hard surfaces - including luxury vinyl tile and...Read More
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AUA Adds Desi to Raymundos Food Group
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Raymundos Food Group, a portfolio company of AUA Private Equity Partners, has acquired the assets of Desi Natural Dahi from Derle Farms, Inc., a family-owned milk and yogurt distributor. Desi Natural is a developer and marketer of branded Indian yogurts (dahi) and cheese (paneer) which is predominantly sold through ethnic food retailers...Read More
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Tecum Acquires Tidewater Equipment
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Tecum Equity Partners has acquired Tidewater Equipment Company, a distributor of forestry and related equipment. Tidewater's equipment includes Tigercat brand feller bunchers, skidders, and loaders; and Morbark brand chippers, grinders, and shredders. In addition to selling new and used equipment, Tidewater also provides parts and service to its base of...Read More
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New Partner at Guardian Capital
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Guardian Capital Partners has added Ryan Northington to the firm as a partner. Mr. Northington has 13 years of private equity buyout and growth investment experience in value-added distribution and manufacturing, retail and consumer, healthcare, aviation services, software, product marketing, and...Read More
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Dominus Adds to Masterbuilt
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| Masterbuilt Manufacturing, a portfolio company of Dominus Capital, has acquired Premier Specialty Brands (DBA Kamado Joe). Kamado Joe is a designer, marketer and distributor of kamado style ceramic grills, charcoal and accessories. The company is headquartered near Atlanta in Duluth, GA. Kamado Joe's founders, Bobby Brennan and Kerry Coker, reinvested alongside Dominus...Read More |
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Francisco Partners Exits Crossmatch
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| Francisco Partners has sold its portfolio company Crossmatch to HID Global. Francisco Partners first invested in Crossmatch in July 2012. Crossmatch is a provider of biometric identity management and secure authentication services. The company has more than 5,000 customers worldwide and more than 250,000 products deployed in over 80 countries. Cross Match's customers include the...Read More |
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| VirTex Enterprises, a portfolio company of Insight Equity, has acquired PPI-Time Zero from Guardian Capital Partners. PPI-Time Zero was purchased by Guardian Capital from Saugatuck Capital in January 2011. Insight Equity acquired VirTex in October 2017. PPI-Time Zero (PPI) is a low-to-medium volume contract manufacturer of electronics components used in the aerospace and defense, medical...Read More |
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Apax Buys Authority Brands
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| Apax Partners has acquired Authority Brands, a North American franchisor of two home services brands, from Pittsburgh-based PNC Riverarch Capital. Authority Brands is the parent company of two home services franchisors: The Cleaning Authority, which provides residential cleaning services to over 100,000 customers across the US; and Homewatch CareGivers...Read More |
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Tailwind Closes Oversubscribed Fund III
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Tailwind Capital has held a final closing of Tailwind Capital Partners III LP with $1.8 billion of commitments. The new fund exceeded its initial target and was oversubscribed. Fund III received commitments from existing and new investors, including pension funds, insurance companies, endowments and foundations..Read More
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Flexpoint Ford Invests in MobilityWorks
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Flexpoint Ford has acquired MobilityWorks, one of the nation's leading providers of wheelchair accessible vehicles, in partnership with the company's senior management team who will retain a significant ownership stake and continue to lead the company. MobilityWorks markets and manufactures adaptive vehicles and accessibility products including wheelchair...Read More
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Crane 1 Services, a portfolio company of Pfingsten Partners, has acquired Mt. Clemens Crane & Service, a provider of overhead crane services and equipment. Mt. Clemens Crane manufactures a wide range of cranes including overhead bridge cranes, fabricated girders, runways, jib cranes and gantry cranes. The company's services include...Read More
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Blackford Invests in Hall Research
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Blackford Capital has made an investment in Hall Research, a designer and manufacturer of A/V hardware and software. Hall Research's products facilitate the communication between A/V sources and A/V displays. The company's 22 different product lines and over 500 SKUs include video over CATx cabling, matrix switchers, scaling products, and automation products. Hall's products are...Read More
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Rothschild Closes New US Mid-Market Fund
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Rothschild Merchant Banking, the investment arm of Rothschild & Co, has held a final closing of Five Arrows Capital Partners (FACP or the Fund), its first corporate private equity vehicle in the United States. The new fund closed above target with total capital commitments in excess of $655 million...Read More
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Edgewater Acquires Pure Wafer
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Edgewater Capital Partners has acquired Wafer Holding Company (dba Pure Wafer). Pure Wafer is the largest US-based provider of silicon wafer reclaim services and supplies virgin silicon wafers, specialty thin film deposition products, and silicon parts services. Customers of the company include most of the world's largest semiconductor suppliers and equipment manufacturers. Pure Wafer, led...Read More
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Wynnchurch Building America II
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America II, a distributor of electronic components and a portfolio company of Wynnchurch Capital since October 2017, has acquired Advanced MP Technology. Advanced MP is a global distributor of electronic components and a provider of supply chain services. The company specializes in hard-to-find as well as mature and obsolete electronic components, all of which...Read More
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Hidden Harbor Closes on Fourth Platform
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Hidden Harbor Capital Partners has acquired sister companies Anchor Danly and AWC Manufacturing. Anchor Danly is an international manufacturer and distributor of die sets, components, steel plates, and metal fabrications that are used in the production of tools, dies, and molds for metalworking and plastics injection molding, machine bases, mining and construction equipment...Read More
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Center Rock Buys LINC, Closes Add-on
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Center Rock Capital Partners has acquired LINC Systems, a distributor of fastener, packaging and MRO tools and supplies. Center Rock invested in LINC out of its inaugural fund, Center Rock Capital Partners Fund I LP, which closed earlier this month at an oversubscribed $580 million of limited partner capital commitments. The firm began fundraising in...Read More
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Mason Wells Stays Active in Gaming
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Mason Wells has acquired Buffalo Games, a manufacturer, and marketer of jigsaw puzzles and board games, from the company's founders Paul and Eden Dedrick. Mason Wells partnered with CEO Nagendra Raina and other members of the company's management team on this transaction. According to Mason Wells, Buffalo Games is the largest manufacturer...Read More
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Abacus Backs Latest WestView Buy
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Abacus Finance Group was the Administrative Agent and Lead Arranger for $20 million in senior secured credit facilities to back the recapitalization of AccountabilIT by WestView Capital Partners. Abacus also made an equity co-investment to support the transaction. AccountabilIT is a provider of...Read More
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Grey Mountain Adds Associate
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Grey Mountain Partners has added Justin Lee to its investment team as a new Associate. Prior to joining the firm, Mr. Lee was an Associate in the healthcare group at Piper Jaffray, focusing on healthcare information technology and services.
He has his undergraduate degree in Economics and Business from Rhodes College..Read More |
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Brazos Exits BlackHawk Industrial
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Brazos Private Equity Partners has sold BlackHawk Industrial Distribution to Snow Phipps Group. BlackHawk Industrial Distribution was formed by Brazos in 2010 in partnership with Bill Scheller, the former CEO and President of ORS Nasco, a wholesale distributor of industrial supplies and a portfolio company of Brazos that was sold to...Read More
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