Venari Resources raises additional $1.3 bln from private equity group

Deepwater oil exploration company Venari Resources has raised an additional $1.3 billion from a group of investors. Venari’s management and existing investors Warburg Pincus, Kelso & Company, Temasek and The Jordan Company were joined by new investors GIC and BlackRock Private Equity Partners. To date, Venari has raised $2.4 billion, including $1.1 billion when the company was formed in May 2012.


The Jordan Company’s Transilwrap acquires MetPro Group

Transilwrap Company, a converter and manufacturer of specialty film products, has acquired MetPro Group, a supplier of active and protective packaging systems. The Jordan Company acquired Transilwrap in November 2013. Financial terms of the private transaction were not disclosed.


The Jordan Company sells Haas Group to Wesco Aircraft Holdings

The Resolute Fund with certain additional funds managed by The Jordan Company has completed the sale of Haas Group to Wesco Aircraft Holdings for $550 million in cash, subject to certain post-closing adjustments. Haas is a provider of outsourced chemical supply chain management solutions.

The Jordan Company sells Haas Group

The Resolute Fund and funds managed by The Jordan Company are selling the Haas Group, a provider of outsourced chemical supply chain management solutions, to Wesco Aircraft Holdings for $550 million, subject to certain closing adjustments. Haas is headquartered in West Chester, PA.

J.F. Lehman completes ACR Electronics sale

J.F. Lehman & Company has sold its portfolio company ACR Electronics to affiliates of The Jordan Company. ACR is a provider of safety and survival solutions including emergency rescue beacons and safety and signaling lighting to aviation, marine, military and outdoor customers. Terms of the transaction were not disclosed.

Jordan Company Acquires Sequa

The Resolute Fund, an affiliate of The Jordan Company, has partnered with the management team of Sequa Automotive Group to purchase the business from its parent company, Sequa Corporation, an industrial company with operations in aerospace and metal coatings. Financial terms of the transaction were not disclosed.

Need To Sell? Sensus

Need To Sell, a feature in Buyouts magazine, is a mini-profile of a company that, judging by how long its been in its sponsor’s portfolio, should be ripe for a sale and hence a potential deal opportunity. This is an updated version that ran in the Aug. 13 edition. –BV For a sponsor looking to buy […]

TAL International Announced Secondary Offering

TAL International Group Inc. announced Wednesday a secondary offering of 3 million shares by selling stockholders including The Jordan Company, JZ Capital Partners and Edgewater Growth Capital Partners. Specific terms were not released. BofA Merrill Lynch will be the sole underwriter of the offering. PRESS RELEASE TAL International Group, Inc. (the “Company”) TAL -2.39% announced […]

Providence Firm With Aging Portfolio Sniffs Out An Exit: Source

Nautic Partners LLC is shopping Agilex Flavors & Fragrances, a maker of fragrances used in cosmetic, household and specialty products, sister magazine Buyouts has learned from a source who has reviewed a book marketing the sale. It shouldn’t be a shocker that Nautic is looking to unload the company, considering that it has been in […]

H.I.G. Capital Sells Vantage in Secondary Buyout

Global private equity investment firm H.I.G. Capital has sold Vantage Specialty Chemicals to private equity firm The Jordan Company. Vantage is a Chicago-based specialty chemicals company focused on naturally derived ingredients for consumer products, personal care, food and industrial markets. PRESS RELEASE H.I.G. Capital, a leading global private equity investment firm, has announced the sale […]

Jordan Co. Deals Diversified Clinical Services Stake as it Merges with National Healing Corp.

National Healing Corp. and Diversified Clinical Services, both wound care management companies and both based in Florida, will merge. PE firm the Jordan Co. will relinquish its stake in Diversified Clinical Services as part of the transaction. Specifics on the deal were not provided. Moelis & Company and Jefferies & Company are serving as financial advisors to Diversified Clinical Services. SNR Denton US LLP and Hogan Lovells US LLP are serving as Diversified Clinical Services’ legal counsel.

Jay Jordan: Re-Install Glass-Steagall, China’s Dangerous Shadow Banking System, S&P’s Credibility And Other Ruminations

Jay Jordan has been a low-key, respected buyout pro for more than 30 years. The conservative (he hates excessive leverage), decidedly old-school (he doesn’t e-mail) dealmaker began his career in the 1970s at Carl Marks & Co. In 1982 he co-founded The Jordan Company, which has sponsored more than 400 acquisitions, including add-ons. Currently, the […]

Jordan Company Completes Pro Mach Deal

The Jordan Company, through its Resolute Fund II, L.P., has completed its acquisition of Pro Mach Inc. from Odyssey Investment Partners. Financial terms of the deal were not released. Pro Mach provides packaging machinery products and services to multinational clients in the food, beverage, household goods and pharmaceutical industries.

IMM Completes Hong Kong IPO

International Mining Machinery Holdings Ltd., a Chinese maker of coal-mining equipment, has raised HK$2.54 billion ($327 million) in a Hong Kong IPO. The stock is scheduled to begin trading on February 10. IMM was formed in 2006 by The Jordan Co., in order to acquire Jixi Coal Mining Machinery Co. and Jiamusi Coal Mining Machinery Co.

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