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ClearLight Partners sells Apple & Eve for $150 mln

ClearLight Partners has sold fruit juice maker Apple & Eve to Lassonde Industries for $150 million. The sale price is subject to adjustments for working capital and other issues. ClearLight first invested in Apple & Eve in 2007.

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ClearLight Partners selling Apple & Eve to Lassonde

Lassonde Industries is buying Apple & Eve. Financial terms were not announced. ClearLight Partners, which recapped Adam & Eve in 2007, is the seller. Port Washington, N.Y.-based Apple & Eve offers more than one hundred different juice products sold under its flagship brand name, Apple & Eve. Houlihan Lokey Capital provided financial advice to Apple & Eve/ClearLight.

ClearLight Collects $300 Million with Third Fund

ClearLight Partners has raised $300 million with its third fund, according to founder and managing partner Michael Kaye and an SEC filing. Unlike other private equity firms that sometime spend more than a year finding investors, ClearLight didn’t have as rigorous of a fundraising. The Newport Beach, Calif.-based PE firm has only one LP, Secom Co., of Tokyo.

ClearLight Partners Sells Switchcraft

Private equity firm ClearLight Partners is exiting its investment in Switchcraft Holdco Inc., selling the company to publicly traded HEICO Corp. Terms were not released. Chicago-based Switchcraft is a designer and manufacturer of electronic connectors and cable assemblies for the electronics industry.

ClearLight Recaps Outsource Group

  ClearLight Partners has sponsored a recapitalization of The Outsource Group Inc., a St. Louis-based provider of receivables management services to the healthcare industry. No financial terms were disclosed for the deal, which included leveraged financing from Churchill Financial.   PRESS RELEASE The Churchill Financial Group (Churchill), a leading commercial finance and asset management company, […]

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