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.

Avure Technologies Switches Sponsors

Milestone Partners has purchased Avure Technologies from The Gores Group for an undisclosed amount. Avure is a Kent, Wash.-based provider of contained, high-pressure processing systems. It was originally acquired by Gores Group in October 2005.

Milestone Partners Recaps Blaschak Coal

Milestone Partners has sponsored the recapitalization of Blaschak Coal Corp., a Mahanoy City, Penn.-based miner, preparer and marketer of anthracite coal. No financial terms were disclosed. Harris Williams & Co. advised Blaschak on the deal. PRESS RELEASE Milestone Partners is pleased to announce that on April 27, 2009 it completed the recapitalization of Blaschak Coal […]

Milestone Forms Legal Services Platform

Milestone Partners has formed Callidus Holdings LLC, an acquisition platform focused on the legal support services market. Its first transaction is the recapitalization of Black Letter Discovery Inc., a San Francisco-based provider of discovery and document review solutions to law firms and corporate legal departments. No financial terms were disclosed.

Milestone Closes Third Fund Over Target

Milestone Partners, a buyout firm based in Saint Davids, Penn., has closed on capital commitments totaling $230 million for its third fund. It had a target of $200 million. Press release: Milestone Partners (“Milestone”) announced that it closed on capital commitments of approximately $230 million for its latest fund, Milestone Partners III, L.P. (“Milestone Partners […]

Milestone Partners Raises Third Fund

Milestone Partners has closed its third fund with $230 million in capital commitments. It had been targeting $200 million, and already has made four investments. The St. Davids, Penn.-based firm focuses on leveraged buyouts and recaps of lower middle-market companies.

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