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Riverside Company’s second Asia-Pacific fund collects $235 mln

The Riverside Company said Wednesday that its second Asia-Pacific fund  closed at $235 million. This is a 57 percent increase over Riverside Asia-Pacific Fund II’s $150 million target. RAF II seeks to make control buyouts of companies with less than $15 million in EBITDA in the developed economies of the Asia-Pacific region.

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Riverside invests in Harvey Tool Company

The Riverside Company has made an undisclosed investment in Harvey Tool Company. GE Antares Capital and Ares Capital Corp. provided financing for the transaction. Jones Day served as advisor to Riverside. Based in Rowley, Mass., Harvey is a provider of specialized cutting tools.

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Riverside About Midway to $1.2B Goal For Fund VI

The Riverside Company has approached the midway point of its fundraising target for its sixth flagship buyout fund, a vehicle that is seeking as much as $1.5 billion, a source with knowledge of the Cleveland buyout shop’s activities told sister publication Buyouts.

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Obama Misses Chance To Tout Job Growth

Though eager to show job creation during his term, President Barack Obama didn’t mention the SBIC program or the Small Business Administration that administers it in accepting the Democratic nomination for president last week.

One Call Now GEO Added to Riverside Platform

One Call Now’s Government Emergency Outreach clients are being added to Emergency Communications Network Inc.’s platform, a company operated by the Riverside Company. Kirkland & Ellis LLP advised Riverside on the deal. The deal is Riverside’s 11th transaction for 2012; specifics were not disclosed. PRESS RELEASE: Riverside Makes the Right Call With Latest Acquisition June […]

Riverside Backs DentalPlans.com

DentalPlans.com has taken on backing from Cleveland-based private equity firm Riverside Co., the firms revealed. Babson Capital provided mezzanine debt and equity to support the transaction, according to a statement. Specifics of the deal were not publicized. DentalPlans.com is based in Florida. PRESS RELEASE: SPRINGFIELD, Mass. (APRIL 26, 2012) – Babson Capital Management LLC (Babson […]

Maritz Travel Acquires Experient from Riverside and VSS

Maritz Travel, a provider of full-service meeting, event and incentive travel programs to corporate clients has acquired Experient, also a provider of meeting and event services from private equity owners Riverside Company and Veronis Suhler Stevenson. PRESS RELEASE Maritz Travel, a global leader in providing full-service meeting, event and incentive travel programs to corporate clients, […]

careers
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10 tips to keep your private equity career on track

Let’s say you’re an associate at a buyout shop, and you’re itching to move up the career ladder. How do you do it? How do you send that unmistakable, unspoken message to the partners that you’ll be one of them one day?

Riverside Co. Exits EM Test Group

The Riverside Company exited its investment in EM Test Group, selling the Swiss manufacturer and supplier of electromagnetic compatibility testing equipment to AMETEK Inc. for CHF83 million ($93.8 million). Riverside owned EM Test Group for roughly four years. The sale generated a 3.4x gross cash-on-cash return and a 38% gross IRR for the firm, Riverside said.

Riverside Acquires BioSan

The Riverside Company has acquired BioSan Laboratories, the maker of all natural whole food nutritional supplements, according to a press release issued by MHT Partners. MHT was an advisor on the transaction. Specifics of the deal were not publicized. BioSan is based in New Hampshire.

Riverside Acquires Courier Company Alliance1

Riverside Company, the Cleveland-based private equity firm, has a Nashville, Tenn.-based freight hauling company, Alliance1, to add to an existing platform company called Express Courier, also based in central Tennessee.  Both companies manage time-sensitive deliveries throughout the southeastern U.S. Terms of the transaction were not disclosed. PRESS RELEASE: The Riverside Company has added Alliance1 to its […]

Gen-Probe Pays $53M for GTI Diagnostics

Publicly traded Gen-Probe has paid $53 million in cash for GTI Diagnostics. Gen-Probe bought the company from private equity firm the Riverside Company. GTI has operations in Milwaukee and Waukesha, Wis., and manufactures the human leukocyte antigen antibody detection products. San Diego-based Gen-Probe is a specialty diagnostics company focused on the transplantation, blood bank and specialty coagulation markets.

Riverside Expects Year-End Deal Surge

The ever-prolific Riverside Company is expecting a flurry of deal activity by year end, according to Co-CEO Béla Szigethy.

Szigethy told Buyouts in an interview for an unrelated story that the firm expects to buy up to six new platform companies and put around $200 million of equity to work by year end.

Eric Keen Leaves Riverside Company for DW Healthcare Partners

Eric Keen has left left the Riverside Company, where he was VP, to join DW Healthcare Partners as a VP. PRESS RELEASE:  Park City, Utah,  September 20, 2010 – DW Healthcare Partners (DWHP), a healthcare focused private equity firm with over $250 million in committed capital under management, today announced that Mr. Eric Keen, former Vice President with […]

Riverside Sells CLC

The Riverside Company has sold Commonwealth Laminating & Coating Inc. to an “undisclosed group of investors.” No financial terms were disclosed, although Riverside said the deal produced a 10x cash-on-cash return. CLC is a Virginia-based maker and distributor of window film used for solar protection, aesthetics and security.

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