Palladium exits car repair business ABRA

Palladium Equity Partners closed its sale of ABRA Auto Body & Glass to Hellman & Friedman and ABRA’s senior management team. No financial terms were disclosed. Headquartered in Brooklyn Park, Minnesota, ABRA is a provider of car repair services.

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J.M. Smucker to buy Sahale Snacks from Palladium

Palladium Equity Partners has agreed to sell Sahale Snacks to The J. M. Smucker Company. Financial terms weren’t announced. Seattle-based Sahale makes and markets premium, branded nut and fruit snacks, which are primarily sold in the United States under the Sahale Snacks® brand. Palladium first invested in Sahale in 2007 acquiring a “significant minority” stake. The PE firm then made a follow-on investment in 2012.

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Palladium Equity acquires Q’Max Solutions

Palladium Equity Partners has acquired Q’Max Solutions, a global oilfield services company. Terms of the deal were not disclosed. Q’Max has operations in Latin America, North America and Asia.

confidential
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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
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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.

Reuters – Palladium Puts Taco Bueno on the Block

Mexican restaurant chain Taco Bueno has hired North Point Advisors to advise on a sale of the company, which could be valued at as much as $175 million, writes Reuters. Taco Bueno’s owner Palladium Equity Partners declined to comment through a spokesperson and North Point Advisors and Taco Bueno could not be reached for comment, […]

Palladium Equity Partners Backs Sahale Snacks

Palladium Equity Partners has made a follow-on investment in Seattle-based health food company Sahale Snacks. Terms of the investment were not released. Palladium has a “significant minority stake” in the company. The firm first invested in Sahale Snacks in 2007.

Palladium Recaps ABRA Auto Body & Glass

Palladium Equity Partners has recapped ABRA Auto Body & Glass, a provider of vehicle damage repair services based in Minneapolis. Terms of the deal were not released. ABRA was formed in 1984.

Palladium Equity Acquires Jordan Healthcare

Private equity firm Palladium Equity Partners has acquired Jordan Healthcare Holdings, a provider of home healthcare services in Texas. Financial terms of the deal were not released. Formed in 1975, Jordan Healthcare provides personal care, home management and skilled nursing services across Texas. Palladium, based in New York, focuses on investments in the U.S. Hispanic marketplace.

Palladium Equity Partners Promotes Three

New York-based private equity firm Palladium Equity Partners has promoted three members of its investment team. Luis Zaldivar is now managing director. Zaldivar joined Palladium in 2004 and focuses on consumer, food and restaurant investments. Erik Scott has also been promoted to managing director. He joined the firm in 2005 and focuses on business and industrial services investments. Rafael Ortiz has been promoted to Principal. Ortiz joined Palladium in 2006 and focuses on healthcare and industrial services.

Palladium to Take Dividend from Wise Foods After Auction Fails

There’s only a few weeks left until the end of the year and the payout parade continues.

Yesterday, Wise Foods said it had completed a $48 million credit facility to pay a dividend to its shareholders and to refinance existing debt. Wise Foods is owned by Palladium Equity Partners, a New York buyout shop.

The dividend recap comes as Wise Foods apparently couldn’t find a buyer. Earlier this year, Palladium put Wise Foods up for sale. Piper Jaffray was advising. In August, I was told that the auction wasn’t progressing well. Palladium was seeking a high price for Wise but competitive concerns were hampering the process. It looks like the auction failed since Wise Foods has instead opted for a dividend recap.

Wise Foods To Use $48 Mln Credit Facility to Pay Dividend and Refinance Debt

Wise Foods, which is backed by Palladium Equity Partners, said Wednesday that it has completed a $48 million credit facility. Berwick, Pa.-based Wise Foods, which makes and sells salty snacks like Cheez Doodles, will use the loan to refinance existing debt and provide a dividend to shareholders. Ally Commercial Finance and Siemens Financial Services were the lenders. Palladium Equity is a New York PE firm.

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