Granite Equity Partners is selling Atomic Learning to Boathouse Capital and Renovus Capital Partners, a pair of Pennsylvania-based private equity firms. The PE firms invested $19 million in subordinated debt along with Atomic Learning’s management and M&I Bank provided senior debt. Atomic Learning is a Minnesota-based education company providing technology to instructors. DLA Piper, advised [...]
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Tonka Bay Equity Partners of Minnetonka, Minn., just sold its majority stake in the specialty circuits maker All Flex to Granite Equity Partners, a St. Cloud, Minn.-based private equity firm that already held a minority stake in All Flex, based in Northfield, Minn. PRESS RELEASE: Tonka Bay Equity Partners (“Tonka Bay”) today announced the completion [...]