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ICV Partners closes $400 mln for third fund

ICV Partners has raised $400 million in the final close of its third fund. Its LPs include return backers of previous funds as well as corporate family offices and public pension funds. MVision served as a placement agent.

ICV Partners’ SAFE Security Completes Refinancing

ICV Partners‘ portfolio company SAFE Security has completed the refinancing of its existing senior credit facility with a new $130 million debt facility led by Bank of America. The new credit facility, $55 million more than the previous $75 million debt facility, provides additional borrowing capacity for future acquisitions.

ICV Promotes Zeena Rao to MD

Lower middle market investor ICV Partners has promoted Zeena Rao to managing director. Rao joined ICV in 2001 as the fourth investment professional. She was named a vice president in 2010.

Stauber Performance Ingredients Acquires Pharmline

Stauber Performance Ingredients of Fullerton, Calif., a maker of nutritional ingredients and blends, has acquired Pharmline, which also makes nutritional ingredients and is based in Florida, New York. Staubline was acquired last year by the New York-based, middle-market private equity firm ICV Partners. Terms of the deal were not disclosed. PRESS RELEASE: ICV Partners (ICV), […]

ICV Partners Buys Cargo Airport Services

Private equity firm ICV Partners has acquired Cargo Airport Services from MidMark Capital, the Weinberg Bell Group and other shareholders. Financial terms of the deal were not released. Prospect Capital Corporation provided debt financing for the deal. Cargo Airport Services handles cargo at 12 airports across North America, including New York City’s John F. Kennedy International Airport. ICV Partners has more than $440 million in capital under management.

ICV Partners Buys Stauber Performance Ingredients

New York-based middle-market investment firm ICV Partners has acquired Stauber Performance Ingredients, a distributor of ingredients to the dietary supplement industry. The firm bought Stauber from J. H. Whitney & Co. Financial terms were not disclosed. Founded in 1998, ICV Partners has more than $440 million under management.

ICV Promotes a Pair

Private investment firm ICV Partners promoted Sheldon Howell and Jermaine Warren from senior associate to vice president. Howell joined ICV from Churchill Financial and Warren re-joined ICV last year after working with Starwood Capital Group Global LLC. ICV’s most recent 2010 deal was its October investment in Mallet & Co., a maker of oils and ingredients used in the baking industry.

ICV Partners Invests In Mallet & Co.

ICV Partners has invested in Mallet & Co., a Carnegie, Pa.-manufacturer of proprietary oils, ingredients and equipment used in the commercial baking industry. ICV Partners is a private investment firm with offices in New York and Atlanta.

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