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American Securities sells Healthy Directions for about $195 mln

American Securities has sold Healthy Directions to Helen of Troy Limited for approximately $195 million. Houlihan Lokey was financial advisor to American Securities and Healthy Directions on the transaction. Healthy Directions is a health publisher and a provider of nutritional supplements and skincare products.

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American Securities acquires Grede

American Securities has acquired Grede Holdings, which was backed by Wayzata Investment Partners. No financial terms were disclosed for the the transaction, which was done in partnership with Grede’s management. Headquartered in Southfield, Mich., Grede is a maker of cast, machined and assembled components for transportation and industrial sectors.

Lakeside Energy and American Securities Take Stake in InEnTec

InEnTec, a Bend, Oregon, company whose technology technology converts household garbage into gases that can be remade into fuels or burned to generate electricity, has received a “strategic investment” from Chicago-based Lakeside Energy, a clean tech investor backed by the New York-based private equity firm American Securities. As part of the deal, terms of which are not […]

Trio Video Acquired by American Securities’ NEP Broadcasting

Chicago-headquartered provider of mobile HDTV production facilities Trio Video has been acquired by NEP Broadcasting, a portfolio company of American Securities. Independent investment banking firm Livingstone was the exclusive financial advisor to Trio. Terms of the transaction were not disclosed. PRESS RELEASE Livingstone, the leading independent, international investment banking firm, is pleased to announce that […]

Presidio Buys BlueWater Communications

Presidio, which is backed by American Securities, has acquired BlueWater Communications. Financial terms weren’t announced. Blue Water provides IT infrastructure services to companies. Foros provided financial advice to Blue Water, while Sheppard Mullin Richter & Hampton was their attorney. Weil Gotshal & Manges provided legal advice to Presidio. PRESS RELEASE Presidio, Inc., a leading provider […]

Delphi Midstream Partners Sells Laser Northeast Gathering–CORRECTED

Delphi Midstream Partners, which is backed by American Securities, said Tuesday that it has closed its sale of Laser Northeast Gathering Co. The buyers were William Partners. The purchase price includes $329 million in cash and approximately 7.5 million Williams Partners’ units. Laser Northeast is a natural gas gathering business located in Pennsylvania and New […]

New York City Pensions Commit $880 Million to Four Funds

The New York City Bureau of Asset Management, which manages $115 billion in assets from the city’s five municipal pension funds, committed an impressive $880 million to four private equity funds, according to recent investment reports and a spokesman at the city comptroller’s office.

The largest of the four commitments was $300 million to Leonard Green & Partners‘ Green Equity Investors VI LP, a private equity fund with a $5 billion target. The Los Angeles-based consumer retail specialist is known for making investments in such high profile companies as Neiman Marcus, J. Crew, Whole Foods, Rite-Aid, Sports Authority, Petco and BJ’s Wholesale.

The fund has been on a fundraising tear…

Presidio Completes Acquisition of INX

Private equity-backed Presidio Inc. has completed its acquisition of INX Inc. Terms of the deal were not released. Going forward INX will operate as a subsidiary of Presidio Networked Solutions. Presidio is owned by middle-market buyout shop American Securities.

Unifrax Sold to American Securities for Second Time

American Securities said Wednesday that it has closed its buy of Unifrax, which makes ceramic fiber insulation products that are used in industrial, automotive and fire protection applications. Financial terms weren’t disclosed. The deal is the second time American Securities has acquired Unifrax. peHUB reported in November that American Securities would be buying Unifrax again.

American Securities Looks to Buy Unifrax Again-UPDATED

American Securities is in talks to buy Unifrax Corp. for a second time, sources say.

American Securities, a middle market PE firm, is expected to announce the acquisition before the end of the month, one person says. The deal has been in the works for some time but the choppy credit markets have hampered the transaction, a banker says.

UPDATE: Dow Jones LBO Wire says American Securities is buying Unifrax for about $927 million. The PE firm is putting in about $495 million of equity, the story says.

American Securities Opportunities Fund Closes with $753M

New York-based American Securities Opportunities Fund has closed its second fund with more than $753 million of committed capital, the firm announced Thursday. The fund focuses on investments in public or private companies in distress, or trading at distressed levels.

SpecialtyCare Completes Acquisition of Advanced Perfusion

Backed by private equity firm American Securities, Nashville-based SpecialtyCare has completed its acquisition of Advanced Perfusion Care Inc., a provider of cardiovascular perfusion and autotransfusion services. Terms of the deal were not disclosed. SpecialtyCare provides clinical services to hospitals. Advanced Perfusion Care is based in Pinehurst, North Carolina.

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