Highlander Partners sells Vidrio Holdings to Nautic Partners

Highlander Partners has completed the sale of Vidrio Holdings, Inc. and its operating subsidiary Custom Windows Systems, Inc., to Nautic Partners. Custom Windows Systems, based in Ocala, Florida, designs, makes and markets impact-resistant and non-impact windows and doors.

Nautic and FFC sell Genova

Nautic Partners and Ferrer Freeman & Company have sold Genova Diagnostics, Inc to Levine Leichtman Capital Partners and members of Genova management. Genova, founded in 1986, is a global specialty clinical laboratory.

MidOcean Buys Agilex from Nautic

MidOcean Partners has acquired a majority stake in Agilex Flavors & Fragrances. Financial terms weren’t announced. The seller was Nautic Partners. Piscataway, N.J.-based Agilex provides fragrance compounds and delivery systems sold primarily to manufacturers of air care, personal care, industrial and institutional and household products. Fidus Partners provided financial advice to Agilex.

Nautic Partners Acquires Superior Vision

Buyout firm Nautic Partners has acquired Superior Vision Holdings Inc., a Rancho Cordova, Calif.-based provider of vision insurance coverage. Terms of the deal were not released. Superior Vision was formed in 1993. PRESS RELEASE Nautic Partners LLC, a private equity firm with more than $2.5 billion of capital under management, and Superior Vision Holdings, Inc. […]

Precision Engineered Products Buys Endo-Surgical

Attleboro, Mass.-based Precision Engineered Products is acquiring Boston Endo-Surgical Technologies, a maker of spinal and orthopedic surgical instruments. Terms of the deal were not released. Precision Engineered Products is a portfolio company of the Jordan Company and Nautic Partners.

Slideshow: 5 Top Strategic Buyers Of Sponsor-Backed Companies

Corporations and other strategic buyers are presenting buyout shops with serious competition in today’s heated market, but they’re also supplying a rich source of exits, according to the Buyouts cover story, published June 20. As of June 13, strategic buyers around the world bought 15,825 companies, including full or partial stakes, with a combined value […]

Omnicare Clinical Now Theorem Clinical

Omnicare Clinical Research, a contract research organization owned by Nautic Partners, has re-named itself Theorem Clinical Research. Nautic bought the company in April, and the rebranding is part of the company’s separation from its former parent company. The company is based in King of Prussia, Pa. Nautic Partners is based in Providence, R.I.

Nautic, Pamlico To Make 2.7x Their Money on MACTEC Sale

Nautic Partners and Pamlico Capital said Wednesday that its sale of MACTEC will yield a return of 2.7x their investment. This includes prior distributions, the PE firms said. In May, AMEC said it had bought MACTEC, an engineering and environmental services company based in Alpharetta, Ga., for $280 million.

Nautic Partners Buys Omnicare Clinical Research

Private equity firm Nautic Partners has acquired Omnicare Clinical Research from Omnicare Inc. Based in King of Prussia, Penn., Omnicare Clinical Research provides early phase, phase II/III and late phase clinical trials for the pharmaceutical, biotechnology and medical device industries. Terms of the deal were not released. Nautic Partners is a middle-market private equity firm with over $2.5 billion under management.

Nautic Partners Buys Reliant Hospital Partners

Middle-market buyout shop Nautic Partners has acquired Dallas-based Reliant Hospital Partners, an operator of inpatient rehabilitation hospitals. The company operates seven facilities and has two additional hospitals under development. Terms of the acquisition were not released. Nautic Partners has more than $2.5 billion under management.

Nautic Partners Buys Aavid Thermalloy

Nautic Partners has acquired Aavid Thermalloy, of Concord, N.H. Company management also took part in the deal. Financial terms were not announced. Aavid designs and makes high-performance thermal management products that are used in electronic systems. Nautic is a PE firm.

Buyout Shops Eye Fortune Brands Break Up

Buyout shops are expected to be all over the Fortune Brands break-up, according to two senior bankers.

Firms that have had Fortune Brands on its radar for some time include The Blackstone Group, Carlyle Group, Kohlberg Kravis Roberts & Co and TPG Capital, said the head of financial sponsors at one bank. “Private equity firms are like hawks,” he said. “They’re motivated by movement, and there’s something happening here that makes this attractive.”

The Deerfield, Ill.-based company announced Dec. 8 that it plans to continue as a pure-play, publicly traded spirits business, while spinning off its home and security business to become an independent, publicly traded company; and selling or spinning off its golf business. The company made the move after pressure from hedge fund investor William Ackman.

Two Exits for Nautic Partners After Long Holds

Another day, another exit for Nautic Partners.

Today, Nautic announced it was selling Fibertech Networks, which builds and operates fiber-optic networks, to Court Square Capital Partners. The deal is valued at north of $500 million, a Fibertech spokesman said.

Nautic invested in Fibertech in 2000, the spokesman said. The Providence, R.I. –based PE firm made the investment when it was known as Navis Partners, which is also the former Fleet Equity Partners before it was spun out by the bank in 2000 (Got it? Nautic was Navis which was Fleet Equity).

Nautic Partners Completes Medegen Sale

Nautic Partners has completed its previously-announced sale of Medegen, a Scottsdale, Ariz.-based developer of infusion therapy solutions, to CareFusion Corp. (NYSE: CFN). The deal was valued at $225 million in cash. Nautic reports that the deal provides it with a 3.5x cash-on-cash return.

Nautic Partners Recaps Healthcare Payment Specialists

Nautic Partners has sponsored a recapitalization of Healthcare Payment Specialists LLC, a Ft. Worth, Texas-based provider of healthcare payment and reimbursement solutions. No financial terms were disclosed for the deal, which was done in partnership with company management.

Private Equity Pros Want Your Vote

Nautic Partners co-founder Rory Smith yesterday became the latest PE pro to throw his hat into the electoral ring, announcing his plans to run for Rhode Island governor. The others are: Steve Pagliuca (Bain Capital – U.S. Senate from Massachusetts); Kip Kirkpatrick (Water Street Healthcare Partners – Illinois treasurer) and Allen Alley (Battery Ventures until 1996 – Oregon governor). The party split is even, as Smith and Alley are Republicans, while Pagliuca and Kirkpatrick are Democrats. [Update: Seems I missed that Kirkpatrick dropped out, saying he underestimated the time demands of being a candidate]

I hope to interview each of them within the next week, including a video spot I’m doing tomorrow with Pagliuca. Particularly interested to hear what each of them thinks about the spate of pending legislation and rules changes aimed at private equity and venture capital.

Whatever you think of the specific proposals – fund registration, carried interest tax changes, placement agent bans, etc. – it is a bit odd that the PE asset class is getting so much scrutiny without causing any systemic troubles. Not saying that certain changes aren’t positive, but it does seem that you, dear readers, make for a soft target right now.

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