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CCMP completes buy of controlling stake in Hillman

CCMP has closed its previously announced acquisition of a controlling stake in Hillman from Oak Hill Capital. CCMP made the investment in partnership with Hillman’s current management team. Oak Hill Capital will retain a “significant” minority stake in Hillman. Headquartered in Cincinnati, Hillman is a provider of fasteners, key duplication systems, engraved tags and related hardware items.

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CCMP agrees to acquire Hillman for about $1.5 bln

CCMP said Monday that it has agreed to acquire a controlling stake in Hillman from Oak Hill Capital for $1.475 billion. CCMP has partnered with Hillman’s current management team on the transaction. Oak Hill Capital will retain a “significant” minority stake in Hillman. Barclays is advising Hillman on the deal while Morgan Stanley is advising CCMP. Based in Cincinnati, Hillman is a provider of fasteners, key duplication systems, engraved tags and related hardware items.

CCMP Closes Buy of Ollie’s Bargain Outlet

Ollie’s Bargain Outlet said Friday that CEO Mark Butler, senior management  and CCMP Capital Advisors have completed their investment in the company. Financial terms weren’t announced. Harrisburg, Pa.-based Ollie’s sells merchandise obtained through closeouts, bankruptcy sales, salvage and surplus merchandise. Jefferies provided financial advice to Ollie’s. KeyBanc advised CCMP.

Big LBO Shops Bide Time with Small Deals

(Reuters) – Big private equity firms are scrapping over bite-sized deals as they wait for financing markets that seized up over the summer to reopen for billion-euro-plus prospects across Europe. After a strong first half in which large buyouts returned at companies such as Swedish cable group Com Hem and French engineering firm Spie, turbulence […]

LHP Expands JV to Include Greater Waterbury Health

LHP Hospital Group said Tuesday that it’s merging its previously announced joint venture between LHP Hospital Group and Saint Mary’s Health System with the Greater Waterbury Health Network, which includes The Waterbury Hospital. LHP is backed by CCMP. LHP will own an 80% interest in the JV, with GWHN and Saint Mary’s each owning a 10% interest.

CCMP To Make 5x Their Money on CareMore Sale

After more than five years, CCMP is exiting CareMore Medical Enterprise.

Wellpoint, a leading health insurer, announced Wednesday that it was buying CareMore, a managed healthcare provider that serves seniors. CareMore currently has about 54,000 members and operates 26 care center clinics in Arizona, California and Nevada. This is up from the roughly 20,000 members CareMore had when CCMP bought the company, a person says.

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ARAMARK-able Dividend for PE Investors

It’s been awhile since I’ve posted anything on the payout parade.

Well, today’s is a good one. ARAMARK, which provides food services to stadiums and arenas, is issuing $600 million in notes via a private placement. ARAMARK plans to use proceeds from the offering, along with proceeds it receives from borrowings under a revolving credit facility, to pay a dividend to ARAMARK stockholders.

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