Oak Hill Distributes Remaining EXL Position

Oak Hill Capital Partners has distributed its remaining equity interest in the corporate outsourcing business ExlService Holdings to its partners, or 5,542,504 shares of the company’s common stock in aggregate. Oak Hill is a New York-based private equity firm. PRESS RELEASE: Oak Hill Capital Partners, L.P. and Oak Hill Capital Management Partners, L.P. (collectively, the “Oak […]

Nokia Growth Partners Backs Oak Hill’s Intermedia

Intermedia, a Microsoft Exchange hosting provider, has received a strategic investment from Nokia Growth Partners, a global growth stage venture firm focused on mobile technology, services and media. In May 2011, Intermedia was acquired by Oak Hill Capital Partners. PRESS RELEASE Intermedia, a global leader in cloud services and the world’s largest Microsoft Exchange hosting […]

Oak Hill Capital Partners Exits Butler Schein Animal Health

Oak Hill Capital Partners has exited its investment in Butler Schein Animal Health, selling its stake to publicly traded Henry Schein Inc. for $155 million. Henry Schein now owns 71.5% of Ohio-based Butler Schein Animal Health.

Oak Sells Exl Stock

Oak Hill Capital Partners has sold shares in provider of outsourcing and transformation services ExlService Holdings. ExlService did not receive any of the proceeds from the offering of shares by the selling stockholders. PRESS RELEASE ExlService Holdings, Inc. today announced the closing of the previously announced public offering of 2,000,000 shares of EXL’s common stock […]

Avolon Seals $300M from Singapore Gov’t

Aircraft leasing group Avolon has sealed a $300 million equity commitment from the Government of Singapore Investment Corp. Avolon has raised a total of $1.4 billion in equity capital over the past year and a half, from investors including private equity firms Cinven, CVC Capital Partners and Oak Hill Capital Partners.

Oak Hill Puts $55M in Southern Air

Oak Hill Capital Partners has put $55 million into Southern Air Holding, the companies announced Friday. Oak Hill Capital has been a majority investor in Southern Air since 2007. The new infusion will help Southern Air with its fleet renewal plans, and will be used for continued growth.

Dave & Buster’s Adds to Board

Dave & Buster’s, which is owned by buyout shop Oak Hill Capital Partners, has named Jonathan Halkyard and Kevin Sheehan to its board of directors. Halkyard is currently senior vice president and chief financial officer of Caesars Entertainment Corp., formerly known as Harrah’s Entertainment. Sheehan is currently the president and chief executive of Norwegian Cruise Lines.

Slideshow: PE Firms Chowing Down on Restaurants

Private equity firms can barely stop licking their chops — at least, at first. One after another, they’re either scoring mega multiples on, or backing the proverbial truck up for, restaurant deals (sometimes, in the same transaction). Financial sponsors are gobbling up listed restaurants and private companies, taking fried chicken joints and steakhouses to improve […]

Dave & Buster’s Files for $150M IPO

Restaurant and arcade chain Dave & Buster’s has filed to raise up to $150 million in an initial public offering, according to Reuters. The company was bought by Oak Hill Capital Partners in 2010 for $570 million. Goldman Sachs, Jefferies and Piper Jaffray will underwrite the IPO. After the offering Oak Hill and other investors will continue to retain a majority of the company, Reuters wrote.

Oak Hill Sells Primus in $900M Deal

Oak Hill Capital Partners will sell Primus International to Precision Castparts Corp. for $900 Million, the firm announced. Bellevue, Washington-based Primus is a manufacturer of aerospace components. Oak Hill Capital bought the company in 2006. The deal is expected to close during the third quarter.

Intermedia Acquires Cloud Services Startup Zlago

Intermedia, which manges 320,000 Microsoft Exchange mailboxes for some 38,000 small and mid-size customers, has acquired the cloud services provider Zlago of Washington, D.C. Zlago’s CEO, Michael Gold, joins New York-based Intermedia as president as part of the transaction. Terms of the deal were not disclosed, but Intermedia says the Zlago acquisition “was executed as part of […]

Oak Hill Buys Intermedia.net–UPDATED

Buyout shop Oak Hill Capital Partners will acquire cloud services company Intermedia.net Inc. Terms of the deal were not released. As part of the deal, Phil Koen, former chief executive of Savvis Inc., will join Intermedia as the new chairman and chief executive. Formed in 1995, Intermedia provides cloud-based business-class email services to small and medium-sized businesses. The transaction is expected to close during the second quarter. UPDATE: Aaron Hill, Jason Stack, Adam Chewning, Chris Fritz and Annie Wang of Stifel Nicolaus Wiesel provided financial advice to Intermedia.

Carlyle, Oak Hill Partner in North Carolina Bank Deal

Buyout shops Carlyle Group and Oak Hill Capital Partners will invest $155 million in the newly created FNB United Corp., which will bring together North Carolina lenders CommunityOne Bank and Bank of Granite, Reuters reported. Under the terms of the deal, Carlyle and Oak Hill will each own 24.9% of the venture. The combined FNB United will create a North Carolina lender with around $2.9 billion in assets and 63 bank branches, Reuters reported. As part of the deal, Granite shareholders will receive 3.375 FNB United shares for each share held.

Hilltop, Oak Hill Capital to Invest $100 Mln in SWS for 34% Stake

Hilltop Holdings and Oak Hill Capital have agreed to each invest $50 million via a loan to SWS Group. Hilltop and Oak Hill will each end up owning about 17% of SWS Group, a broker dealer, according to a statement said Monday. Stephens Inc. acted as financial advisor to each of Hilltop and Oak Hill Capital, while Sandler O’Neill + Partners was financial advisor to SWS Group.

SWS Inks $100M from Oak Hill, Hilltop

Publicly traded SWS Group Inc. has raised $100 million in new financing from Hilltop Holdings Inc. and Oak Hill Capital Partners. Under the terms of the deal, the two firms will each contribute $50 million in debt financing. Simultaneously with the loan, SWS Group will issue a warrant to each of Hilltop and Oak Hill Capital. Upon exercise, Hilltop Holdings and Oak Hill Capital will each own approximately 17% of the Company. Dallas-based SWS Group provides investment and financial services through its subsidiaries.

Hillman Pays $40M for TagWorks

The Hillman Companies Inc., which is backed by private equity firm Oak Hill Capital Partners, will pay $40 million for TagWorks Inc. Formed in 2007, TagWorks provides a pet ID tag program to Petsmart. Hillman is a distributor of fasteners, key duplication systems, engraved tags and related hardware items. In May 2010, Oak Hill Capital Partners and Hillman’s management team formed a partnership to acquire Hillman.

Oak Hill To Merge AccentCare With Guardian Home Care

Oak Hill Capital Partners, which recently closed its acquisition of AccentCare, said it will merge the home healthcare firm with homecare and hospice service Guardian Home Care Holdings. Financial terms of the deal were not released. AccentCare is based in Irvine, Calif. Oak Hill Capital Partners has more than $8.2 billion under management.

Firms Sink $103M Into United Western Bancorp Recap

Private equity shops Oak Hill Capital Management and Lovell Minnick Partners have invested the bulk of a $103 million recap for United Western Bancorp. The two firms each put $47 million into the Denver-based company, and will each own a 23% stake. An additional $9 million came from entities controlled by Henry Duques, former CEO of First Data, who will hold a 5% stake. United Western Bankcorp aims to raise a total of $200 million.

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