Frontenac buys Industrial Color Brands from Stone Canyon Industries

Chicago-based private equity firm Frontenac has acquired Industrial Color Brands from Stone Canyon Industries. Financial terms were not disclosed. Frontenac focuses on the consumer, industrial and service industries. Industrial Color Brands provides digital production and post-production services to the fashion, retail, advertising, media and entertainment industries.


HighBar Partners closes fund III over hard cap at $208 mln

HighBar Partners announced the final close of HighBar Partners III, L.P., with $208 million in commitments, exceeding the hard cap of $200 million. Capstone Partners served as executive placement agent. HighBar focuses on growth capital investments in enterprise and infrastructure software companies. The fund has so far invested in Virtual Instruments and Janrain.


Caltius Equity Partners sells DHR Services Holdings to Oasis Outsourcing

Caltius Equity Partners sold its stake in DHR Services Holdings to Oasis Outsourcing. Financial terms were not disclosed. DHR provides human resources services to small and medium-sized businesses in the southwestern U.S. Based in Los Angeles, Caltius invests in business, consumer, industrial, IT and healthcare services companies in the lower-middle market.


Coinbase raises $100 mln Series D led by IVP

Digital currency exchange Coinbase has raised a $100 million Series D financing round led by IVP. Also participating were new investors Spark Capital, Greylock Partners, Battery Ventures, Section 32 and Draper Associates.


Spring Lane Capital targets $400 mln for debut fund

Boston-based Spring Lane Capital is seeking to raise $400 million for its maiden fund, per a regulatory filing. Partners Rob Day, Nikhil Garg and Christian Zabbal are formerly of cleantech venture firm Black Coral Capital, which is reportedly in the process of winding down.


Ampersand-backed Roadrunner Pharmacy sold to Vets First Choice

Ampersand Capital Partners announced the sale of Roadrunner Pharmacy to Vets First Choice, a provider of tech-enabled healthcare services for pet and equine veterinary doctors. In 2012 Ampersand invested in a partial recapitalization of Roadrunner, which supplies prescription drugs to vet clinics and pet owners.

Terra Firma Capital Partners, Guy Hands, private equity

Terra Firma targets $3.42 bln for comeback buyout fund

Terra Firma Capital Partners is targeting $3.42 billion for its sixth fund, according to a filing with the SEC. This would be the firm’s first buyout fund since it lost a court battle concerning its 2007 purchase of EMI, which ended in the loss of Terra Firma’s entire investment. Terra Firma Founder and Chief Investment Officer Guy Hands said he personally lost […]

Photo courtesy of Duff & Phelps

Need to Meet: Rosemary Fanelli, Managing Director, Duff & Phelps

In late 2006, Rosemary Fanelli launched a compliance consulting business called CounselWorks. She had been the chief compliance officer of investment bank Allen & Co — a position in which “I was able to become extremely familiar with both sell-side and buy-side regulations,” she said — when her soon-to-be partner approached her about setting out on their own. “We launched […]

David Hellier, ACG, Association for Corporate Growth, Bertram Capital, private equity

Five Questions with ACG New York’s David Hellier

David Hellier is president of the Association for Corporate Growth’s New York chapter, which provides a network for middle-market dealmakers in private equity, corporate development, professional services and finance. Hellier is also a partner at Bertram Capital, where he leads sourcing, investment assessment and intermediary relationship development. ACG New York recently released the results of […]

Linsalata, Watervale, Mike Faremouth, private equity

Linsalata spinout Watervale to target small companies

Three Linsalata Capital partners are spinning out to form a new firm, Watervale Equity Partners, that will target control investments in manufacturers and distributors of industrial and consumer products with less than $6 million of EBITDA. Mike Faremouth, a managing director at LinCap and now co-founder of Watervale, told Buyouts the spinout was a natural development, […]

Lone Star Funds, Nick Beevers, private equity, Sam Loughlin

Lone Star’s Beevers succeeds Loughlin as North America president

Lone Star Funds announced the appointment of Nick Beevers as president for North America, succeeding Sam Loughlin. Loughlin is leaving the private equity firm. A spokesperson declined comment on the reason for his departure. He joined Hudson Advisors, an asset management company affiliated with Lone Star, in 2008. Beevers’s most recent role was executive vice president and […]