Iris Dorbian
Carlyle Cardinal Ireland, an Irish private equity fund formed by The Carlyle Group and Cardinal Capital Group, is backing a management buyout of Carroll Cuisine, an Irish provider of cooked meats and ready meals. The seller is Aryzta AG. No financial terms were disclosed. The transaction is expected to be completed in the second quarter of this year. Also, Jonathan Cosgrave, a director at Carlyle and John Dolan, a director at Cardinal, have been appointed to Carroll Cuisine's board.
Albireo Energy LLC, a portfolio company of Huron Capital Partners, has acquired New York City-based Sky Technologies Inc, a provider of energy and power monitoring systems. No financial terms were disclosed.
Imperial Capital Group and OPTrust Private Markets Group have made an undisclosed investment in Ackerman Security Systems. The Edmonds Group was financial advisor to Imperial Capital and OPTrust on the transaction while Raymond James and Barnes Associates advised Ackerman. Based in Atlanta, Ackerman is a provider of security system installation, servicing, and monitoring solutions.
Ethos has acquired Nampak's tissue and corrugate divisions and rebranded them TwinCare and Neopak respectively. No financial terms were disclosed. Also, Ethos has named Kevin Clayton as CEO of Neopak and Brian Jacobs as CFO while Garth Towell joins TwinCare as CEO and Joanne Gould and Dion de Graaff are on board as joint-COOs at TwinCare.
GE Capital, Franchise Finance and Citizen's Bank have provided a $51 million credit facility to Victory Park Capital. According to VPC, the capital will be used to refinance the firm's existing debt and long-term growth initiatives of portfolio company Chicago-based pizza restaurant chain Giordano's.
Metalogix, which is backed by Permira, has acquired MetaVis Technologies. No financial terms were disclosed. Signal Hill was financial advisor to MetaVis Technologies on the transaction. Based in Exton, Pennsylvania, MetaVis is a cloud collaboration service management platform provider.
Africa-focused private equity firm DPI has closed its oversubscribed second fund at $725 million, exceeding its $500 million target. The limited partners for ADP II include corporate and public pension funds, endowments and foundations, funds of funds, family offices and development finance institutions from across the US, Europe, Middle East and Africa.
First Read kicks off this morning with news of GoDaddy pricing its IPO at $20 per share, valuing it at about $4.5 billion, Samson Resources says it may file for Chapter 11 bankruptcy and Groupon is offering cat cab services for April Fools' Day.
In Second Opinion, Lufthansa is now saying it knew of co-pilot Lubitz's history of depression, Comcast is planning to form an investment company headed by its CFO and Microsoft launches Surface 3, a rival to the iPad.
Huron Capital Partners has merged portfolio companies Bloomer Plastics with Optimum Plastics. The newly combined company will retain the Optimum Plastics name and be led by Kevin Keneally, who will serve as CEO. Optimum Plastics will focus on developing more products in the plastics film market.