Arsenal Capital-backed Royal buys Chemque’s assets

Royal Adhesives & Sealants, a portfolio company of Arsenal Capital Partners, has acquired “substantially all” of Chemque’s assets. No financial terms were disclosed. Based in Toronto, Chemque is a provider of polyurethane foams and adhesives for the telecom, flooring and construction sectors.

FountainVest Partners acquires controlling stake in KSS

FountainVest Partners and Canada Pension Plan Investment Board have made an undisclosed investment in Key Safety Systems. As a result of the transaction, FountainVest Partners not only joins Crestview Partners and KSS management as an owner of KSS but has become its largest shareholder. Goldman Sachs and UBS Investment Bank advised KSS on the deal while Citigroup served as an advisor to FountainVest. Headquartered in Sterling Heights, Michigan, KSS is a maker of car safety components.

Behrman Capital buys BHC from Freeman Spogli

Behrman Capital said Monday that it has acquired BECO Holding Company from Freeman Spogli. No financial terms were disclosed. Harris Williams served as financial advisor to BHC on the transaction. Headquartered in Charlotte, NC, BHC is a provider of first-response fire protection equipment and related parts.

KPS-backed Expera closes $270 mln recap

Expera, a portfolio company of KPS, has completed a $270 million recapitalization.. Proceeds of the recap were used to pay a dividend to stockholders, refinance debt and support company growth. Expera is a maker of specialty paper products in North America.

Palladium exits car repair business ABRA

Palladium Equity Partners closed its sale of ABRA Auto Body & Glass to Hellman & Friedman and ABRA’s senior management team. No financial terms were disclosed. Headquartered in Brooklyn Park, Minnesota, ABRA is a provider of car repair services.

Clairvest-backed Light Tower Rentals completes recap

Light Tower Rentals, which is backed by Clairvest, has closed a recap with new investors that include StepStone and Constitution Capital Partners. This follows a $330 million U.S. bond offering. As part of the transaction, LTR shareholders sold 44.2 percent of their equity for $100 million. Clairvest collected $49.9 million and will continue to own a 29.2 percent stake in LTR. Based in Odessa, Texas, LTR is a provider of oil rig equipment.

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Madison Dearborn Partners backs Complete Innovations

Complete Innovations has secured backing from Madison Dearborn Partners. Based in Markham, Ontario, Complete Innovations is a global provider of fleet, asset and mobile workforce management solutions to over 4,000 customers worldwide.

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The Riverside Company backs Tate’s Bake Shop

The Riverside Company has backed Tate’s Bake Shop, a premium cookie and baked goods provider based in Southampton, New York. Golub Capital, Crescent Capital and Triangle Capital provided financing for the transaction. Riverside was advised by Jones Day and Deloitte. TM Capital Corp, an investment banking firm with offices in New York, Boston and Atlanta, served as financial advisor to Tate’s Bake Shop.

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Castanea Partners invests in Aurora Brands

Castanea Partners has made an investment in Aurora Brands, which owns two luxury home and lifestyle brands MacKenzie-Childs and Jay Strongwater. Castanea is partnering with Aurora Brands management, led by Lee Feldman and Howard Cohen, on the investment. Ron Frasch, an operating partner at Castanea, will be joining Aurora Brands’ board.

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The Jordan Company sells Casco to Amphenol Corporation

The Resolute Fund II, a private equity fund managed by The Jordan Company II, is selling Casco Automotive Group, a division of Cap-Con Automotive Technologies to Amphenol Corporation. The Resolute Fund II acquired Cap-Con Automotive Technologies Group in November 2012.

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IK refinances Solina and seals SFK Food deal

Following its acquisition of a majority stake in food ingredients business Solina, IK Investment Partners has refinanced its debt and signed, in parallel, the acquisition of SFK Food. The business is a Danish provider of culinary and functional solutions for the food industry.

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