Dunes Point Capital buys Alco-owned assets

Dunes Point Capital has acquired a group of assets owned by Alco Industries. No financial terms were disclosed. DPC Investment Partners provided the equity for the deal; Blackstone‘s credit arm GSO Capital Partners and PNC Bank provided the debt. Alvarez & Marsal Transaction Advisory Group provided financial advice to DPC on the transaction while Houlihan Lokey was financial advisor to Alco.

PRESS RELEASE

RYE, N.Y., June 2, 2014 /PRNewswire/ — Dunes Point Capital, LLC (“DPC”) announced today that it has acquired the assets or stock of a group of industrial and chemical businesses owned by Alco Industries Inc. (“Alco”).
DPC Investment Partners, LLC provided the equity for the transaction. The debt for the transaction was provided by an entity sub-advised by an affiliate of GSO Capital Partners LP (“GSO”), Blackstone’s credit business, and PNC Bank.*
Kirkland & Ellis LLP served as legal advisor to DPC, and Alvarez & Marsal Transaction Advisory Group served as financial advisor to DPC. Pepper Hamilton LLP served as legal advisor to Alco, and Houlihan Lokey served as financial advisor to Alco.
About Dunes Point Capital, LLC (“DPC”): Founded in 2013, DPC is a family office and private investment firm, pursuing control investments in companies operating in the general industrial and energy sectors. DPC targets companies with enterprise values of up to $500 million. For more information, please visit www.dunespointcapital.com.
*The group of entities sub-advised by GSO are advised by affiliates of Franklin Square Capital Partners.

Leave a Reply

PEHUB Community

Join the 12504 members of peHUB to make connections, share your opinion, and follow your favorite authors.

Join the Community

Look Who’s Tweeting

PE HUB News Briefs

RSS Feed Widget

VCJ Headlines (subscribers only)

RSS Feed Widget

Buyouts Headlines (subscribers only)

RSS Feed Widget

Reuters VC and PE feed

RSS Feed Widget