Kohlberg & Co Buys Majority Stake in Insurance Broker Risk Strategies Co

Kohlberg & Co. has paid an undisclosed amount for a majority stake in Risk Strategies Co. (RSC), a national insurance & benefits brokerage based in Boston, according to a statement about the deal. Kohlberg made the investment from Kohlberg Investors VII, which recently closed on $1.6 billion, the statement said. The capital will be used to grow the company. RSC’s executive team remains intact and the company’s management and employees have also retain “significant ownership,” the statement said.

Corinthian Capital Closes Sabre Sale

Corinthian Capital Group has completed the sale of Sabre Industries to Kohlberg & Co. Financial terms weren’t announced. Sabre produces engineered structures – including towers, poles, building systems, and related infrastructure products – for the electric transmission and distribution, wireless communications, renewable energy, and government and defense end markets. PRESS RELEASE Corinthian Capital Group, LLC, […]

Mezz Shop Plots $500M Fund III

Arrohead Mezzanine is seeking $500 million for its latest fund, its first since spinning out of Gleacher & Co. , as sponsor use of sub debt is on the rise.

Babson Provides Debt for SouthernCare Deal

Babson Capital announced that it provided $22.2 million of mezzanine debt financing and made an equity co-investment of $2.2 million to support Kohlberg & Co.‘s acquisition of SouthernCare Inc. SouthernCare is based in Dallas and is a provider of hospice care. The company was formed in 1994.

Former Co-Managing Partner Transitioning Out Of Kohlberg & Co.

Former Kohlberg & Co. Co-Managing Partner Chris Lacovara is transitioning out of the firm as it seeks to raise $1.5 billion for its next fund, sister publication Buyouts reported. The mid-market buyout fund, started by Kohlberg Kravis & Roberts & Co. co-founder Jerome Kohlberg in 1987, has so far raised $520 million for Kohlberg Investors […]

Harris Williams Advised Niagara LaSalle in Sale to Optima Specialty Steel

Harris Williams, an investment bank focused on middle-market transactions, announced today that it advised Niagara LaSalle Corp. on its pending sale to Optima Specialty Steel. Niagara, which makes cold finished steel bars, is a portfolio company of the private equity firm Kohlberg & Co. Optima Specialty Steel is a subsidiary of Optima Acquisitions, a U.S.-based investment […]

Phillips Plastics to Acquire Medisize

PE-backed Phillips Plastics will acquire Medisize Corp. from Ratos AB and other shareholders. Medisize is a European outsourcer of manufacturing and design services for healthcare companies. White & Case Oy served as local counsel in Finland. Ropes & Gray represented Phillips Plastics Corporation and its parent company, private equity firm Kohlberg & Company. Specifics of the transaction were not publicized.

Kohlberg’s Chronos Life Group Buys Majority of Life Equity

Kohlberg & Co. portfolio company Chronos Life Group completed the acquisition of a majority ownership stake in Life Equity LLC, an Ohio-based life settlement provider and asset servicer. Ranks will be shuffled as part of the deal; Kyle Kibler, who was COO of Life Equity, will succeed company co-founder Brian Smith as CEO.

Kohlberg Eyes Top-Shelf Shot with Bauer IPO

After three years, Bauer Performance Sports, the hockey equipment maker, plans to part ways with Kohlberg & Co.

Bauer, which makes skates and boots used by many NHL players, plans to go public in Canada. Bauer didn’t disclose how many shares it planned to sell on the Toronto Stock Exchange or how much it would raise via the IPO. That information will come in future filings. However, The Globe and Mail says the IPO is expected to raise $75 million and Kohlberg is looking to sell a 20% stake.

Kohlberg Acquires Maverik Lacrosse

Kohlberg & Co. has acquired Maverik Lacrosse, a Long Island City-based maker of lacrosse equipment, apparel and accessories. No financial terms were disclosed. The company will be merged into the Kohlberg Sports Group platform, which also recently acquired hockey equipment manufacturer Bauer Hockey.

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