139 Views

PE-backed Hilex Poly buys Duro Bag Manufacturing

Hilex Poly, a portfolio company of Wind Point Partners, has acquired Duro Bag Manufacturing Company. No financial terms were disclosed. The Peakstone Group was the M&A advisor to Duro on the transaction. Based in Florence, Kentucky, Duro is a maker of paper bags for foodservice, grocery, wholesale distribution and other markets.

221 Views

PE-backed Shearer’s Foods agrees to buy Lance Private Brands

Shearer’s Foods, a portfolio company of Wind Point Partners and Ontario Teachers’ Pension Plan, has agreed to acquire Lance Private Brands from Snyder’s-Lance. No financial terms were disclosed although some news outlets report the amount of the purchase to be $430 million. Lance Private Brands is a maker of cookies, crackers and wafers.

345 Views

Goldman, Vestar to buy Hearthside Food from Wind Point Partners

Wind Point Partners has agreed to sell Hearthside Food Solutions to Goldman Sachs and Vestar Capital. Financial terms weren’t announced. Downers Grove, Ill.-based Hearthside Food is an independent bakery and a full service contract manufacturer of grain-based food and snack products. Barclays provided financial advice to Wind Point Partners and Hearthside Food Solutions.

149 Views

Northern Trust expands alternatives group

Northern Trust has expanded its alternatives group with two appointments focused on investment opportunities in venture capital and secondary markets for private equity. James R. ‘Trey’ Hart III joined Northern Trust from Greenspring Associates and Adam R. Freda was previously at Wind Point Partners.

Pritzker Group Hires Wind Point’s Michael Nelson

The Pritzker Group has hired Michael Nelson, former managing director of Wind Point Partners, to lead its investments in manufactured products. Nelson focused on specialty manufacturing at Wind Point Partners, where he served on the boards of several portfolio companies during his 10-year tenure with the firm.

Nonni’s Acquires La Dolce Vita

Nonni’s, a portfolio company of Chicago-based private equity investment firm Wind Point Partners, has acquired La Dolce Vita. Wind Point acquired Nonni’s in February 2011 in partnership with CEO Dave Beré. Based in Glendale, Ariz., La Dolce Vita manufactures artisanal Italian biscotti and specialty cookies.

GE Antares Capital Provides Credit Facility to Hilex Poly

GE Antares, a unit of GE Capital, is serving as administrative agent for a $140 million senior credit facility to support the acquisition of Hilex Poly by Wind Point Partners. GE Capital Markets served as co-lead arranger and sole bookrunner on the transaction.

Wind Point Recaps Hearthside Food with $400 Mln GE Antares Loan

GE Antares, a unit of GE Capital, said Monday it is providing a $400 million credit facility that is part of Wind Point Partners recap of Hearthside Food Solutions. Proceeds of the $400 million loan will be used to refinance debt and pay a dividend, according to Thomson Reuters Loan Pricing Corp. Wing Point acquired […]

100 Views

Court Square Buys Physiotherapy Associates

Water Street Healthcare Partners and Wind Point Partners are exiting their investment in Physiotherapy Associates, selling the company to New York-based private equity firm Court Square Capital Partners. Terms were not released. Water Street and Wind Point Partners partnered to form Physiotherapy Associates in 2007. PRESS RELEASE Water Street Healthcare Partners and Wind Point Partners […]

Nonni’s Buys THINaddictives

Nonni’s, which is backed by Wind Point Partners, has acquired  THINaddictives. Financial terms weren’t announced. THINaddictives makes specialty thin biscotti.

Wind Point Buys Interface Solutions

Wind Point Partners has bought Interface Solutions in partnership with Bill Warkentin. Financial terms weren’t announced. Interface designs and makes fiber-reinforced gasket materials for automotive, heavy-duty diesel, small engine, transmission and compressor applications. Warkentin was most recently President and CEO of Titan Automotive Group.

Hearthside Acquires Roskam Granola Business

Hearthside Food Solutions, a large, privately held bakery, has acquired Roskam Granola, a co-manufacturing business that produces granola base and range of products, including bars, mixes, and granola nut clusters. Terms of the deal were not disclosed. Hearthside is a portfolio company of Wind Point Partners, which acquired the company in 2009 in partnership with […]

Slideshow: Restaurant Bankruptcies Make PE Queasy

Two restaurant companies owned by Sun Capital Partners Inc. recently filed for bankruptcy, highlighting the risks for the many sponsors that have bought into the cyclical sector in recent months, Buyouts reports in its upcoming issue. Friendly’s Ice Cream Corp. and Real Mex Restaurants Inc. filed for bankruptcy within days of each other, citing a […]

New General Manager for Nelson

Nelson Global Products Inc. has announced the appointment of Randy Aylor as general manager – aftermarket. He will lead a team to strengthen and accelerate the company’s initiatives in the heavy-duty and medium-duty vehicle aftermarket. Aylor most recently served as area director for Safeworks LLC, a manufacturer of powered access and safety solutions. Previously, Aylor was director of marketing and business development for Meritor Aftermarket, based in Zurich, Switzerland. He also served in other management positions at Meritor including regional manager in Melbourne, Australia.

WPP Deals Marshfield DoorSystems

Chicago-based private equity firm Wind Point Partners is dealing its Marshfield DoorSystems, a provider of doors and related products for commercial and architectural markets, to Masonite International Corp. in a deal where terms were not publicized. The PE firm had held the company for about 11 years; Reed Smith LLP acted as the exclusive legal advisor to Marshfield DoorSystems.

Nelson Global Products Buys Morton Industries

Nelson Global Products, which is backed by Chicago-based private equity firm Wind Point Partners, has acquired the assets of Morton Industries and its affiliate Bradley Services. Nelson is a designer and manufacturer of exhaust components and tubes used in emissions, coolant, heating, air intake and exhaust handling applications. Morton Industries is a provider of tube assemblies and machined components to the off-road market. Terms of the acquisition were not released.

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