Thomspon Street Sells BarcodesInc

Thompson Street Capital Partners said Tuesday that it sold its majority stake in BarcodesInc to the Cortec Group. Financial terms weren’t announced. Chicago-based BarcodesInc provides barcoding, mobile computing and radio-frequency identification solutions.

Cortec’s 180 Medical Sold to ConvaTec

180 Medical, a distributor of intermittent catheters, urologic and disposable medical supplies has been sold to ConvaTec. 180 Medical was a portfolio company of Cortec Group. Harris Williams & Co. acted as an advisor to 180 Medical.

Cortec Group Buys Harmar Mobility from Seidler

Seidler Equity Partners has sold Harmar Mobility to Cortec Group. Financial terms weren’t announced. Harmar Mobility provides lifts, ramps and elevators to enhance individal mobility. News of the deal was announced by Harris Williams which advised Harmar. PRESS RELEASE Harris Williams & Co., a preeminent middle market investment bank focused on the advisory needs of […]

Cortec Backs Coolers Business

Private equity firm Cortec Group has backed YETI Coolers, a provider of premium coolers, headquartered in Austin, TX. Harris Williams & Co acted as the exclusive advisor to YETI. PRESS RELEASE Harris Williams & Co., a preeminent middle market investment bank focused on the advisory needs of clients worldwide, announces that YETI Coolers, LLC (YETI), […]

Olympus Partners Buys FFR-DSI from Cortec

Olympus Partners said Monday that it has bought FFR-DSI from Cortec Group. Financial terms weren’t announced. Twinsburg, Ohio-based FFR-DSI designs, markets and supplies merchandising, loss prevention and operational efficiency solutions primarily to retailers and consumer packaged goods companies. The Olympus team on the deal included Jim Conroy, David Haddad, Jason Miller and Sachin Bavishi. John Schoenfeld and Rob Kiburz of Kirkland & Ellis provided legal advice. Chris Williams, John Neuner, Brent Spiller and Chip Duggins of Harris Williams supplied financial advice to Cortec.

Slideshow: Top 10 Buyout/Mezzanine Funds Raised in Q1

Just as VC fundraising roared back to life in Q1, so did fundraising on the buyout and mezzanine side of the private equity market. Sister magazine Buyouts this week reported that U.S.-based buyout and mezzanine firms raised $18.3 billion in Q1, up 79 percent from $10.2 billion during the same period last year. Fundraising also grew sequentially, up 36 percent from the Q4. Kohlberg Kravis Roberts & Co. took in a tad over $1 billion for its latest effort in Q1, according to our calculations–but that was only good for seventh place among buyout and mezzanine shops that closed on capital last quarter. Click through for a slideshow leading you throught the top 10.

Top 10 peHUB Posts This Week (New Regular Reader Edition)

Want to catch up on what your colleagues found most interesting on peHUB this week? Here are the blog posts written by our staff this week that garnered the most pageviews by our regular readers from March 28 to April 1. (Note: Instead of tracking total pageviews, this list now tracks pageviews by return readers to make it more relevant to our core audience. –Ed.)

Post No. 1: Slideshow: Top Performing VC-backed Chinese IPOsby Lawrence Aragon

Post No. 2: Who Are The Most Influential VCs and Angels? Check Out This Listby Mark Boslet

Post No. 3: Harris Williams, Known for Keeping its Senior Bankers, Sees 7 MDs Leave Since 2009by Luisa Beltran

Post No. 4: Best and Worst of Ventureby Joanna Glasner

Post No. 5: SecondMarket Looking Into Cutting Out the Middleman (VC Firms)by Jonathan Marino

Post No. 6: A Case Study In What Not to Do: America’s Biggest Company Goes Down in Flames on Twitterby Connie Loizos

Post No. 7: One Institutional LP on VCs Buying Up Secondary Sharesby Connie Loizos

Post No 8: After Blippy, Pud Contemplates His Next Moveby Connie Loizos

Post No. 9: NY Shop To Close Fund V At Hard Capby Bernard Vaughan

Post No. 10: Apollo Shareholder Puzzle: Where Do You Fit In?by Gregory Roth

NY Shop To Close Fund V At Hard Cap

Cortec Group expects to close its fifth buyout fund at its $620 million hard cap on Wednesday, a source close to the fundraising effort told Buyouts. The New York-based shop raised $600 million in commitments from LPs, and principals at the firm are committing an additional $20 million. The firm’s target had been $500 million. […]

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Registration To Cost PE Firms Close To $1B This Year–Commenter

The full cost of having to register as investment advisers has really started to sink in with buyout shops. Olympus Partners puts the figure for itself at $500,000 to $600,000 by late spring, not counting annual costs beyond (see other estimates below). Under the Dodd-Frank Wall Street Reform and Consumer Protection Act, buyout firms with […]

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Mid-Market Firms Rally Against Registration

Several middle market private equity firms have launched a last-ditch campaign urging Congress not to impose a new requirement that they register with the U.S. Securities and Exchange Commission, Buyouts reported. The movement is spearheaded by Rob Morris, managing partner of Olympus Partners, and executives at Atlas Holdings LLC and Brockway Moran & Partners. Executives […]

Amalgamated Provides Financing for Cortec’s Franklin Buy

Amalgamated Capital, the leveraged finance unit of Amalgamated Bank, provided financing for Cortec Group’s buy of Franklin Energy Services. Cortec is a New York PE firm. Franklin, of Port Washington, Wis., works on energy efficiency programs for utilities and government agencies.

Cortec buys stake in Franklin Energy Services

Cortec Group, a New York-based PE firm, has bought a majority interest in Franklin Energy Services through its Cortec Group Fund IV. The deal was struck in partnership with Franklin management. Franklin was founded in 1994, and works on energy efficiency programs for utilities and government agencies. The details of the deal were not disclosed.

Brass Ring Sells Franklin Energy Services to Cortec Group

Brass Ring Capital has sold Franklin Energy Services to the Cortec Group.The deal closed Oct. 7. Financial terms were not announced. Brass Ring, of Milwaukee, is a private investment firm while Cortec is a New York PE firm. Port Washington, Wis.-based Franklin Energy is an energy efficiency program management company. Harris Williams, which advised Franklin Energy, disclosed the sale Monday.

Jones Stephens Files for Bankruptcy

(Reuters) – Specialty plumbing products maker Jones Stephens Corp filed for Chapter 11 protection in a Delaware bankruptcy court, citing a drop in commercial and residential construction, and volatility in raw material costs, court papers showed. The Moody, Alabama-based company said in a filing on Tuesday that it had assets of about $84 million and […]

Cortec Group Interviewing Placement Agents

Executives at Cortec Group are looking for a placement group to help the firm raise its fifth fund. The New York-based buyout shop has interviewed a number of groups, but isn’t close yet to making a final decision, David Schnadig, partner, told Buyouts. “As we’ve done on previous fundraisings we’re going to meet with a […]

Cortec Group Buys Katena Products

Cortec Group has acquired a majority interest in Katena Products Inc., a Denville, N.J.-based maker of micro instruments for ophthalmic surgeries of the anterior segment of the eye. No financial terms were disclosed. Investment bank The Walden Group represented Katena Products.

Cortec Group Buys 180 Medical

Cortec Group has acquired a majority stake in 180 Medical Inc., an Oklahoma City-based distributor of disposable, single-use urologic catheters in home settings. No financial terms were disclosed, except that Madison Capital Funding led the senior note facility.

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