Trivest Partners Raises $415 Mln for Latest Fund

Trivest Partners collected $415 million for its latest fund. Trivest Fund V came in above its original target of $325 million and accepted commitments up to its $400 million cap. The additional $15 million came from Trivest’s partners. Shannon Advisors acted as placement agent while Greenberg Traurig provided legal advice.

AIC Ventures Purchases Ryko Solutions Industrial Building

Private real estate investment fund manager AIC Ventures has purchased the 250,000 square foot industrial facility of Grimes, Iowa-based Ryko Solutions, a portfolio company of Trivest Partners. Ryko Solutions is a manufacturer of full spectrum car wash equipment and a car wash service supplier in North America. PRESS RELEASE AIC Ventures, a private real estate […]

Trivest Partners Recaps Group III

Trivest Partners is recapitalizing Group III International, maker of outdoor products. Abacus Finance Group, which was the administrative agent and joint lead arranger for the $32.5 million senior secured credit facility, was joined in the financing by Madison Capital Funding LLC with legal counsel provided by Goulston & Storrs LLP.

Trivest Partners Recaps Car Wash Maker Ryko

Trivest Partners has recapitalized Ryko Manufacturing Co., a maker of automated car wash systems, acquiring a majority of the business. Financial terms of the deal were not released. Ryko’s management team will continue to lead the day-to-day operations of the company. Rykos was formed in 1973 and is based in Grimes, Iowa.

Trivest Partners Recaps AM Conservation Group

Trivest Partners said Tuesday that it has recapped AM Conservation Group. Financial terms were not disclosed. Charleston, S.C.-based AM Conservation supplies and designs energy and water conservation products. Trivest, of Coral Gables, Fla., is a private investment firm.

Pamlico Capital Buys ATX Networks From Trivest Partners

Pamlico Capital of Charlotte, N.C., acquired ATX Networks from Trivest Partners. Members of management re-invested in partnership with Pamlico Capital to complete the transaction. Financial terms were not disclosed. ATX Networksof Ajax, Ontario, provides radio frequency management equipment.

Box-Board Products Bulks up

Box-Board Products Inc., a portfolio company of Trivest Partners, has acquired B&N Containers Inc., a maker of custom corrugated boxes for the Southern Virginia region. No financial terms were disclosed.

Trivest Hires Two

Trivest Partners, a private equity firm based in Miami, has hired Todd J. Gross and Kevin M. Lyons as Associates. Previously Gross was at Banc of America Securities as an investment banking analyst and Lyons was a Raylond James & Associates investment banking analyst. Press release: Trivest Partners IV, L.P. (“Trivest”), announced today that Todd […]

Trivest Partners Raises Fourth Fund

Trivest Partners has closed its fourth fund with $325 million in capital commitments. The Miami-based firm focuses on founder/family-owned business in North America, and had raised just under $320 million for its third fund in 2001. Hudson Partners served as placement agent, while limited partners include Morgan Creek Capital Management, Parish Capital, AIG Investments, Credit Suisse, Southern Farm Bureau Life Insurance Co. and GE Equity.

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