281 Views

Milestone Partners acquires PayLink

Milestone Partners said Thursday that it has acquired PayLink Payment Plans. No financial terms were disclosed. Based in Chicago, PayLink is a provider of payment financing and processing solutions for vehicle service contracts providers.

confidential
319 Views

PSERS to pull alternative investment contracts from public view

In the wake of the publication of 12 limited partnership agreements, the Pennsylvania Public School Employees’ Retirement System has decided to remove alternative investment contracts that were posted prior to 2012 on a publicly accessible database through the state treasurer’s website.

journo
968 Views

What the LPA leak shows about PE today

Some general partners have taken a fairly relaxed view of the recent leak of their limited partner agreements—which raises the point that what has been under lock and key for so long in this industry actually doesn’t need to be.

Martex Fiber Acquires JBM Fibers

Martex Fiber Southern Corp., based in Spartanburg, S.C., has completed an add-on acquisition of JBM Fibers, a recycled fiber manufacturing business in Brownsville, Texas. Martex is a portfolio company of Milestone Partners, a private equity firm that is based in Radnor, Pa., and focused on lower middle market opportunities.

careers

Jobs of the Week: Lucky Dip

This week peHUB has selected a handful of job opportunities that have jumped out as not to be missed. Scroll down below to find out what’s on the job board this week.

American Public Education Elects Milestone Partners’ Andersen to the Board

American Public Education has appointed Eric C. Andersen to its board of directors. Andersen is a partner with Milestone Partners, a lower middle market private equity firm that specializes in making control equity investments in established operating businesses. PRESS RELEASE American Public Education, Inc. APEI +1.37% today announced the election of Eric C. “Ric” Andersen […]

Philly Shop Nears Halfway Mark On Fund IV

Milestone Partners has raised about $150 million for its fourth fund, Buyouts reported yesterday, citing a source close to the firm’s plans. Executives at the Radnor, Pa.-based shop are targeting $350 million for the fund, Milestone Partners IV LP. The firm has also hired Capstone Partners, a Dallas-based placement agent with offices in Europe and […]

Milestone Partners Plots New Fund

Milestone Partners is expected to start fundraising for its latest pool this summer, a source says.

Radnor, Pa.-based Milestone, a lower middle market firm, is looking to raise $350 million, according to the source and a June 2011 document from Pennsylvania’s Public School Employees’ Retirement System (PSERS). Milestone Partners IV LP has a $450 million hard cap, PSERS says.

The firm’s last fund, Milestone III, raised $240 million in 2008, while the second fund collected $120 million in 2004. Milestone II has a 24.1% IRR while the third fund has an 8.7% IRR, PSERS says (PSERS invested about $30 million in fund II and $60 million in fund III), the document says.

Philly Pro Launches Smaller Shop To Avoid Registration

Bob Levine has left Milestone Partners, the Radnor, Pa.-based buyout firm he co-founded in 1995, to start his own shop in part to avoid regulation by the Securities and Exchange Commission. L2 Capital, also based in the Philly suburb of Radnor, will make equity investments of $1 million to $15 million in manufacturing, distribution and […]

Milestone Partners Names Ric Andersen As A Partner

Milestone Partners hired Ric Andersen as a partner and a member of the firm’s senior leadership team He will also serve on the firm’s investment committee. Andersen is a former managing director at Silver Lake Partners.

Learn It Systems Seals Funding from Milestone Partners

Learn It Systems, an educational services company based in Baltimore, has raised an undisclosed amount of financing from venture firm Milestone Partners. The company will use the majority of the financing to buyout a founding shareholder, the company said. Milestone is based in Radnor, Penn.

Milestone Partners Completes Mariner Finance Buyout

Milestone Partners has completed its acquisition of Mariner Finance LLC from First Mariner Bancorp (NasdaqGM: FMAR). No financial terms were disclosed. Mariner Finance is a Baltimore-based provider of medium-term installment loans, related credit insurance and ancillary products to near-prime borrowers.

Closed: Milestone Partners

Milestone Partners III First Report: June 30, 2008: Milestone Raising Third Fund Milestone Partners is raising its third fund, according to a regulatory filing. The Pennsylvania-based lower middle market PE firm has a target of $240 million, which is double the size of its last fund (raised in 2004). According to the filing, dated April […]

Milestone Partners Recaps Good Health Natural Products

Milestone Partners has completed a refinancing of portfolio company Good Health Natural Products, a Greensboro, N.C.-based maker of branded reduced-fat salty snack foods. No financial terms were disclosed for the deal, which included participation by Salem Halifax Capital Partners and the Morgan Keegan Strategic Fund.

Milestone Buys Mariner Finance

Milestone Partners has agreed to purchase Mariner Finance LLC, the consumer finance arm of First Mariner Bancorp (Nasdaq: FMAR). The deal is valued at approximately $10.5 million, and is expected to close by December 15.

Milestone Backs Trans Trade

Trans-Trade Inc., a Texas-based logistics company, has raised an undisclosed amount of private equity funding from Milestone Partners. It also has secured $13 million from Fifth Street Finance, which disclosed the deal in a newsletter. www.transtrade.com

Milestone Partners Names Head of Biz Dev

Milestone Partners has promoted Dan Ryan from associate to head of business development. He succeeds John Nowaczyk, who has been promoted to vice president and will focus on transaction execution and portfolio management.

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