Alliance Laundry completes Primus Group acquisition

Alliance Laundry has closed its buy of Primus Group. No financial terms were disclosed. BMO Capital Markets advised Alliance Laundry on the transaction. Alliance Laundry is an indirect subsidiary of ALH Holding, a portfolio company of the Ontario Teachers’ Pension Plan managed by Teachers’ Private Capital. Primus Group, which is headquartered in Gullegem, Belgium, markets commercial washer-extractors, tumbler dryers, ironers and feeding and folding equipment under the Primus, Lavamac and Deli brands.

Alliance Laundry to acquire Primus Laundry Equipment Group

Alliance Laundry Holdings is acquiring Primus Laundry Equipment Group. Alliance Laundry is an indirect subsidiary of ALH Holding Inc, a portfolio company of the Ontario Teachers’ Pension Plan managed by its private equity investment division, Teachers’ Private Capital.

Chicago Shop Rolls Out Exits As It Eyes Fund X

Thoma Bravo LLC announced an agreement July 19 to sell Flexera Software, a company that provides software licensing services, in a deal that promises to generate a return of close to 5x, according to Orlando Bravo (pictured), a managing partner at the Chicago-based buyout shop, sister magazine Buyouts has reported. Flexera is the third exit announced […]

PE Firms Put NZ Yellow Pages On The Block

(Reuters) – Private equity owners of New Zealand’s Yellow Pages Group have launched a sale process for the business, two sources familiar with the deal said on Friday, in a sale media reports say could be worth around $700 million. An information memorandum has been sent to potential buyers, including large private equity firms and […]

Ontario Teachers Buys Exal Group

Teachers’ Private Capital has led a buyout of Exal Group, a manufacturer of aluminum containers. No financial terms were disclosed for the deal, which included buyside participation from Stonebridge Partners.

Let’s Sleep On It: Notes on Mega-Mattress M&A

Ares Management and Teachers’ Private Capital today announced a $730 million agreement to buy mattress maker Simmons from THL Partners. Some notes:

*** Ares/Teachers plan to put both Serta and Simmons under the same super holdco, but will operate them as separate, independent entities. Were they merged, it would become the nation’s largest mattress manufacturer (title currently held by KKR’s Sealy).

No idea how Ares/Teachers will actually manage the obvious conflicts of interest. For example, will Ares’ Simmons reps not look at their own funds’ quarterly reports that contain confidential info on Serta, and vice versa?

Arclin Files for Bankruptcy Protection

TORONTO (Reuters) – Arclin, a closely held maker of resins and other construction-related materials, said on Monday it filed for bankruptcy protection in Canada and the United States and that it reached an agreement in principle to restructure its debt with some of its key lenders. Under the terms of the agreement, Arclin will have […]

Aquilex Switches Sponsors (Again)

Teachers’ Private Capital has completed its acquisition of Aquilex Holdings LLC from Harvest Partners. No financial terms were disclosed.

Aquilex is a Norcross, Ga.-based energy service provider specializing in refining, nuclear and fossil power generation and waste to energy. It was acquired by Harvest Partners in 2007 from First Reserve Corp. Harris Williams & Co. advised Aquilex on both transactions.

Aquilex Switching Sponsors (Again)

Teachers’ Private Capital has agreed to acquire Aquilex Holdings LLC from Harvest Partners. No financial terms were disclosed for the deal, which is expected to close in December. Aquilex is a Norcross, Ga.-based energy service provider specializing in refining, nuclear and fossil power generation and waste to energy. It was acquired by Harvest Partners in 2007 from First Reserve Corp.

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