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Trilantic, Riverstone Invest in Trail Ridge Energy Partners II

Trilantic Capital Partners and Riverstone Holdings have invested in Trail Ridge Energy Partners II. Financial terms weren’t announced. Trail Ridge is a newly-formed oil and gas exploration and production company focused primarily in the Permian Basin in West Texas.  Stifel Nicolaus advised Trail Ridge in regards to financing.

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Trilantic Capital Partners Sells MicroStar Logistics

MicroStar Logistics, a provider of keg management services to the US craft beer industry has been acquired by Freeman Spogli & Co., the Pohlad Family and management. MicroStar was previously a portfolio company of Trilantic Capital Partners.

Reuters – Private Equity Backs Euskaltel

Private equity groups Investindustrial and Trilantic Capital Partners have taken a minority stake in Spanish cable television provider Euskaltel, writes Reuters. The private equity firms have taken a 48 percent stake in the Basque region’s sole cable company, writes Reuters.

Trilantic Acquires Implus

Trilantic Capital Partners has acquired Implus Corporation, a leader in the footwear, outdoor and fitness accessories markets in a management buyout transaction. PRESS RELEASE Trilantic Capital Partners, a global private equity firm, today announced that it has partnered with management to acquire Implus Corporation, an innovative leader in the footwear, outdoor and fitness accessories markets. […]

Bidders Circle Sara Lee

Private equity firms Trilantic Capital Partners and Sagard are seen as likely to post final offers for Sara Lee Corp’s French baked goods unit, Reuters reports.

Velvet Energy Gets PE Backing

Warburg Pincus, Trilantic Capital Partners and ZAM Ventures are backing newly formed oil and gas exploration and production company Velvet Energy, the company announced Wednesday. Terms of the investment were not released. CIBC World Markets Inc. acted as financial advisor to Velvet Energy. Velvet Energy is focused on exploration in the Western Canadian Sedimentary Basin region.

Léonard Joins Trilantic Capital as Operating Partner

Michel Léonard, the former CEO of the Bongrain Group, has joined Trilantic Capital Partners as an operating partner. Léonard will advise on investments in the food and consumer goods sectors. He will be the sixth operating partner to join Trilantic Capital, which is the former Lehman Brothers Merchant Banking.

Two Years After Splitting From Lehman, Trilantic To Begin Fundraising Later in 2011

Trilantic Capital Partners, the former Lehman Brothers Merchant Banking, is expected to begin fundraising later this year, several sources told peHUB.

The buyout shop, which has offices in New York, London and Luxembourg, is not marketing right now, persons said. However, the PE firm is seen fundraising later in 2011.

Trilantic is currently investing from its fourth fund, which raised $2.6 billion. The actual size of Trilantic Capital Partners IV LP was $3 billion but was reduced, one source says. Trilantic is targeting a similar size, roughly $2.5 billion, for its next fund, the person says.

Sponsors Trade Laundry Detergent Co.

Lincolnshire Management is buying Phoenix Brands LLC, a Stamford, Conn.-based maker of laundry detergents, from Trilantic Capital Partners, for around $135 million, Buyouts is reporting. Lincolnshire, based in New York, will pay around $55 million in equity, and has secured $80 million in senior from Madison Capital Funding, GE Capital and Fifth Street Financial; a […]

Ridgemont Equity Will Seek New LPs in 2011

Ridgemont Equity Partners, the North Carolina-based private equity firm, will spend part of 2011 looking to replace its lone LP with a batch of new ones for its next fund, multiple sources confirmed. Currently, the PE shop is reaching out to third-party investors, although it anticipates it will still work with BofA in the future, […]

Angelica Buys Texas Linen Instead Of Paying Dividend

Earlier this week, I reported that Angelica had opted to dump a planned dividend in favor of an acquisition.

Today, officials for Angelica said they have completed a deal for Texas Linen Co. Karl Schulte, Texas Linen’s CFO, confirmed to me that the deal closed last Friday. Financial terms were not disclosed.

Angelica Dumps Dividend For Acquisition

Here’s something new. Angelica Corp, which is owned by the former Lehman Brothers Merchant Banking, has pulled its planned dividend deal.

Instead, Angelica, which provides outsourced linen management services to the U.S. healthcare industry, has told its lenders that it’s pursuing an acquisition, according to my compadres at Thomson Reuters Loan Pricing Corp.

Last week, Angelica was in the market for a $185 million loan that was three times oversubscribed, LPC said. Macquarie Capital was leading sale of the loan, which was intended to pay a dividend to shareholders and refinance existing debt, LPC said.

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