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PE-backed Cumberland acquires Cipe

Cumberland Consulting Group, a portfolio company of Tailwind Capital, said Monday that it has acquired Cipe Consulting Group. No financial terms were disclosed. Based in Seattle, Cipe Consulting Group is a healthcare tech consulting firm.

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Akorn to buy VersaPharm in $440 mln deal

Akorn said Friday it is buying VersaPharm for $440 million in cash. The seller is Tailwind Capital which acquired VersaPharm in 2007. Marietta, Georgia-based VersaPharm develops generic products designed to treat tuberculosis and other infectious diseases. Akorn said it plans to fund the deal through about $445 million in term loan borrowings. JPMorgan Chase Bank is providing financing. J.P. Morgan Securities provided financial advice to Akorn, while BMO Capital Markets advised VersaPharm/Tailwind.

Investcorp Buys Archway Marketing Services

Investcorp has acquired Rogers, Minnesota-based Archway Marketing Services, a provider of marketing logistics and fulfilment services in North America, for approximately $300 million. Archway was acquired from an investor group led by Tailwind Capital, Black Canyon Capital and members of the management team. PRESS RELEASE Investcorp, the alternative investments specialist, announced today its acquisition of […]

Archway Buys Synq Solutions

Archway, which is backedy Tailwind Capital and Black Canyon Capital, has acquired Synq Solutions. Financial terms weren’t announced. Synq provides marketing fulfillment and print management services with operating facilities in the Atlanta and Las Vegas metropolitan areas. PRESS RELEASE Archway, a leader in marketing logistics and fulfillment services, announced today that it has acquired Synq […]

Archway Buys Synq Solutions

Archway, which is backed by Tailwind Capital and Black Canyon Capital, has acquired Synq Solutions Inc., a provider of marketing fulfillment and print management services. Terms of the deal were not released. Archway is a provider of marketing logistics and fulfillment services. PRESS RELEASE Archway, a leader in marketing logistics and fulfillment services, announced today […]

Tailwind Refinances VersaPharm’s $30 Mln Debt

Tailwind Capital has refinanced VersaPharm’s $30 million debt. Madison Capital Funding provided a senior credit facility as part of the deal. VersaPharm, of Marietta, Ga., is a generic pharmaceutical company backed by Tailwind.

Archway Buys Corporate Services

Archway, which is backed by Tailwind Capital and Black Canyon Capital, has acquired Corporate Services. Financial terms weren’t announced. South Bend, Ind.-based Corporate Services is a fulfillment company.

Trover Sale Generates 4.2X Return for Tailwind

The New Year seems bright for Tailwind Capital which recently completed the sale of Trover Solutions and acquired two other companies.

In late December, Tailwind sold Trover to ABRY Partners. Tailwind, a New York PE firm, received $60 million at the close, according to a Jan. 7 letter to LPs obtained by peHUB. Tailwind expects to receive another $7 million in future escrow distributions, the letter said. Tailwind has also realized $45 million in dividends from Trover via debt recaps in 2005 and 2007.

Tailwind Buys Apex Cos.

Tailwind Capital has acquired Apex Companies, a Rockville, Md.-based national water resources and environmental services firm. Financial terms weren’t announced. Apex management also has a stake. Madison Capital, NewStar Financial and Churchill Financial provided financing. Tailwind is a PE firm.

Tailwind-Backed Towerco Shopping Facility for Dividend

Soros Strategic Partners and Vulcan Capital are cashing in on their investments in wireless infrastructure company TowerCo. Morgan Stanley and Jefferies are leading the marketing efforts for a new $240 million credit facility, to be used in part as a dividend payment to Soros Strategic Partners and Vulcan Capital. No word on whether the dividend will reach fellow TowerCo investor Tailwind Capital, which got on board in 2004–when Tailwind was still Thomas Weisel.

According to peHUB sister publication IFR, the facility launched last week with commitments due November 24. Pricing is at Libor plus 400bp to Libor plus 425bp, the publication reported.

Soros Strategic Partners, a fund managed by Soros Fund Management, invested $30 million in Towerco in 2005. The firm also provided an undisclosed chunk of equity to Towerco alongside Vulcan Capital and Stone Tower Equity Partners in 2008 when the company spent $670 million acquiring wireless towers from Sprint Nextel. Towerco has an Ebitda of around $38 million and total leverage of 5.3x.

Tailwind Capital Invests in SDI Health

SDI Health, a Plymouth Meeting, Penn.-based provider of healthcare analytics, has raised an undisclosed amount of equity funding from Tailwind Capital. SDI had previously raised funding from LLR Partners.

Tailwind Capital Raises $775 Million

Tailwind Capital has closed its inaugural fund with $775 million in capital commitments, according to LBO Wire. The New York-based buyout firm spun off from Thomas Weisel Partners in 2006, and held a $320 million first close in early 2007. It had been targeting $750 million. Atlantic-Pacific Capital served as placement agent. www.tailwindcapital.com

Tailwind Capital Holds First Close

Tailwind Capital held a $320 million first close on its first fund since spinning off from Thomas Weisel Partners last January, according to Private Equity Insider. The overall target is $750 million, with Atlantic-Pacific Capital serving as placement agent. www.tailwindcapital.com

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