Monomoy agrees to buy Cobra Electronics

Monomoy has agreed to acquire Cobra Electronics Corp. for $4.30 per share in cash. The deal is expected to be completed in the fourth quarter of this year. William Blair & Co. served as financial advisor to Cobra Electronics while Houlihan Lokey provided financial advice to Monomoy. Based in Chicago, Cobra Electronics is a provider of communication and navigation products.


Platte River sells WellMark to Dover

Platte River has sold WellMark to Dover Corp. No financial terms were disclosed. Houlihan Lokey provided financial advice to WellMark on the transaction. Based in Oklahoma City, WellMark is a maker of flow control solutions for systems used in the oil, gas and petrochemical sectors.


MidOcean backs Nutrabolt

MidOcean has acquired a “significant” minority stake in Nutrabolt (formerly named Woodbolt Distribution). No financial terms were disclosed. Houlihan Lokey advised Nutrabolt on the transaction. Headquartered in Bryan, Texas, Nutrabolt is a provider of sports nutrition products.


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.


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.


MBF Healthcare sells FDC Vitamins to Vitamin Shoppe for about $85 mln

Vitamin Shoppe said Monday that it has acquired FDC Vitamins (which is doing business as Nutri-Force) for about $85 million. MBF Healthcare Partners was one of the sellers. Stifel provided financial advice to the Vitamin Shoppe while Houlihan Lokey was financial advisor to Nutri-Force. Based in Miami Lakes, Florida, FDC Vitamins is a maker of vitamins, minerals and supplements.


Dunes Point Capital buys Alco-owned assets

Dunes Point Capital has acquired a group of assets owned by Alco Industries. No financial terms were disclosed. DPC Investment Partners provided the equity for the deal; Blackstone‘s credit arm GSO Capital Partners and PNC Bank provided the debt. Alvarez & Marsal Transaction Advisory Group provided financial advice to DPC on the transaction while Houlihan Lokey was financial advisor to Alco.


Pouschine Cook exits Great Lakes Caring

Pouschine Cook Capital Management has sold Great Lakes Caring. Financial terms or the buyer weren’t disclosed. William and Cherilyn Deary, Great Lakes founders, and their management team will continue to lead the company and maintain a significant equity stake, a statement said. An FTC notice in April said Wellspring Capital was acquired Great Lakes Partners. Jackson, Mich.-based Great Lakes is a for-profit provider of in-home post-acute services. Houlihan Lokey advised Pouschine Cook.


US Ecology agrees to buy PE-owned EQ for $465 mln

US Ecology has agreed to acquire EQ, a portfolio company of private equity firm Kinderhook Industries, for $465 million. The transaction is expected to be completed in either the second or third quarter of 2014. Houlihan Lokey is advising US Ecology on the deal while Stifel is advising EQ. Wells Fargo Securities and Credit Suisse Securities are arranging for the financing. Based in Wayne, Michigan, EQ is an environmental services and waste management firm.


Lone Star Funds agrees to buy DFC Global Corp for about $1.3 bln

DFC Global Corp said Wednesday that it has agreed to be acquired by Lone Star Funds for approximately $1.3 billion. According to terms of the agreement, DFC Global shareholders will receive $9.50 in cash for each share of DFC common stock they own. The deal is expected to be completed in the third quarter of 2014. Houlihan Lokey Capital advised DFC Global on the transaction while Jefferies was the lead financial advisor to Lone Star Funds. Jefferies Finance and Credit Suisse are providing debt financing for the acquisition. DFC Global Corp. is a provider of alternative financial services.


Houlihan Lokey acquires ArchPoint Partners

Houlihan Lokey said Tuesday that it has acquired ArchPoint Partners. No financial terms were disclosed for the transaction, which was completed on March 7, 2014. Based in San Francisco, ArchPoint is an investment bank that works with clients in the tech sector.

EDG Partners sells Gemino Healthcare Finance

EDG Partners, their affiliates, and co-investors have sold Gemino Healthcare Finance to Solar Senior Capital. The transaction, with Houlihan Lokey as financial advisor and Jones Day as legal advisor, represents a successful exit for investors and management, who have been retained under the new ownership to continue managing the Gemino platform.

Houlihan Lokey Appoints MD in London

Houlihan Lokey has appointed Magnus Scaddan to its London office as a managing director and head of consumer and retail, EMEA. Scaddan reports jointly to Jay Novak, managing director and head of the consumer, food and retail Group and Stephen Winningham, managing director and co-head of corporate finance, Europe. PRESS RELEASE Houlihan Lokey, the international […]

Houlihan Lokey Hires Maxwell for ADG Group

Houlihan Lokey has appointed Linda Maxwell to the firm’s aerospace, defense and government investment banking group. Maxwell is based in Washington, D.C. and reports to Anita Antenucci, senior managing director and head of the ADG Group. PRESS RELEASE Houlihan Lokey, the international investment bank, today announced that Linda Maxwell has joined the firm’s Aerospace, Defense […]

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