Iris Dorbian
Liberty Hall Capital Partners has acquired Renton, Washington-based AIM Aerospace, a supplier of composite ducting, substructural and interiors parts for the commercial aerospace industry. The value of the transaction is $220 million. Lincoln International, Stephenson Harwood and Riddell Williams advised AIM on the deal.
Silver Oak Services Partners has sold its stake in NDC to Court Square Capital Partners. No financial terms were disclosed. Nashville-based NDC is a healthcare supply chain company and distributor of consumable medical supplies. William Blair and Locke Lord LLP provided financial advice on the transaction.
First Read starts the midweek with news that Amazon is reportedly planning on opening hundreds of brick-and-mortar book stores, Australia's QIC acquires a U.S. shopping center for $750 million and Bernie Madoff's luxury watches are up for auction.
In Second Opinion, ChemChina nears deal to acquire Syngenta for about $43 billion, Intel teams up with Lady Gaga in Grammys' tribute to David Bowie and Ferrari slumps to record low after saying sales growth will slow.
D.A. Davidson & Co has appointed Jeff Cleveland as managing director for it consumer and retail sector. Cleveland was a founding member of Harris Williams & Co.’s Minneapolis office.
The Carlyle Group has agreed to acquire Princeton, New Jersey-based Essential Power, a 1,767 net MW power generation portfolio. The seller is IFM Investors. No financial terms were disclosed.
Credibly, which is backed by Flexpoint Ford, has secured a $70 million credit facility from SunTrust Bank. Credibly is a lending platform for small businesses.
JPB Capital Partners has acquired a majority stake in Florida-based seafood restaurant chain Mulligan’s Beach House Bar and Grill. No financial terms were disclosed. In addition to the transaction, George Hart, who founded Mulligan's, will remain as president and CEO.
Altamont Capital Partners has acquired Excel Fitness Holdings, a Texas-based Planet Fitness franchisee. No financial terms were disclosed. The McLean Group and Reger Rizzo Darnall LLP provided advice to Excel Fitness on the transaction while Ropes & Gray LLP did likewise for Altamont.
OutSystems, a rapid application development and delivery platform for businesses, has closed $55 million in funding. The investor was North Bridge Growth Equity. In conjunction with the funding, North Bridge's Mike Pehl and Jim Moran have been added to OutSystem's board of directors.