Iris Dorbian
J.H. Whitney Capital Partners has acquired Accupac from H.I.G. Capital. No financial terms were disclosed. Headquartered in Mainland, Pennsylvania, Accupac is a maker of outsourced manufacturing and packaging solutions for pharmaceutical and over-the-counter personal care product manufacturers.
Jernigan Capital Inc has invested $14.7 million in a Miami-based proposed self-storage facility. Construction will begin during the first quarter of 2018 with the facility expected to open in the second quarter of 2019. The proposed project's developer is Self Storage Associates Inc./Richard Beavers.
Frontenac has acquired Westbrook, Maine-based Schlotterbeck & Foss Company, a maker of gourmet sauces, marinades, condiments, salsas, ice cream toppings, spreads and salad dressings. No financial terms were disclosed; however, Abacus Finance Group LLC provided $21.7 million in financing to support the transaction.
Grace Point Partners and BraddockMatthews have teamed up to launch an executive search firm focused on the asset management sector. No financial terms were disclosed. The new firm will be called BraddockMatthews and have offices in Manhattan and Boston. Grace Point founder Lisa Steele and BraddockMatthews Partners Derek Braddock, Bill Matthews and Erin Carroll will co-lead all firm's activities.
First Read kicks off the new week with news that Obamacare is no longer on death's door in Virginia, Amazon is in talks to buy scores of small television channels, and Slack is worth $5.1 billion after raising a $250 million round.
Second Opinion wraps up the week with news that a subway bomb in London hurts 22 people, iPhone X delays could stretch into the first half of 2018 says a top analyst and McDonald's biggest franchisee is outperforming McDonald's.
Palmarium, a Swiss private family office and investor, has acquired London-based Lebara, a mobile company. No financial terms were disclosed. As a result of the deal, Lebara's founders are leaving the company while Graeme Oxby will serve as CEO.
Water Street Healthcare Partners is seeking to raise $800 million for its fourth fund, according to an SEC filing. In July 2012, the private equity firm closed its previous fund at $750 million.
Keystone Capital recently exited Capsa Healthcare and Atlas Die. No financial terms were disclosed. Earlier this month, Levine Leichtman Capital Partners acquired Portland, Oregon-based Capsa, a provider of mobile workstations, medication management products and pharmacy automation solutions for healthcare settings. And, in late August, Auxo Investment Partners acquired Elkhart, Indiana-based Atlas Die, a maker of steel rule and rotary dies for the packaging and folding carton industries.
Vistra, which is owned by Baring Private Equity Asia, has agreed to acquire the corporate services business of Deutsche Bank's global transaction banking division. No financial terms were disclosed. Vistra is a global corporate service provider.