Iris Dorbian
Crestwood Midstream Partners LP said on Monday that its subsidiary, Crestwood Niobrara, has entered into an agreement to buy a 50% stake in Jackalope Gas Gathering Services, L.L.C. from RKI Exploration & Production, LLC for approximately $108 million. The transaction is expected to close during the third quarter of 2013. Jackalope, which is backed by First Reserve, an indirect general partner to Crestwood, is a Wyoming-based provider of gathering and processing systems with access to the Powder River Basin Niobrara Shale.
ATK has said on Monday that it has closed its acquisition of Caliber Company, a portfolio company of Norwest Equity Partners. No financial terms were disclosed. Caliber Company is the parent company of Savage Sports Corp., a producer of hunting rifles and shotguns.
Hong-Kong-based HNA Group Company Limited, an integrated operations company, said on Monday that it has agreed to buy TIP Trailer Services from GE Capital. No financial terms were disclosed. For the transaction, HNA Group was advised by Bravia Capital while GE Capital was advised by Barclays and Credit Suisse. TIP Trailer Services is a European provider of transport equipment leasing, rental and service solutions.
Segulah III L.P.’s portfolio company PMC Group has agreed to sell Servi to Ferd Capital. No financial terms were disclosed. Servi is a provider of services for the Norwegian offshore industry.
Genstar Capital, LLC said on Monday that it has agreed to sell PRA to funds managed by Kohlberg Kravis Roberts & Co. LP. No financial terms were disclosed. The transaction is expected to close in the third quarter of 2013. Jefferies LLC served as financial advisor to Genstar and PRA. Based in Raleigh, North Carolina is a provider of services to the pharmaceutical and biotechnology industries.
Babson Capital Management LLC said on Monday today that it provided subordinated debt and made an equity co-investment to support AEA Investors LP’s buy of Aramsco Holdings. No financial terms were disclosed. Based in Paulsboro, New Jersey, Aramsco is a distributor of safety products, equipment and supplies for building restoration and surface preparation.
According to two company-related blog posts, finance software provider Intuit has acquired Elastic Intelligence. No financial terms were disclosed. Elastic Intelligence, which was backed by Alsop Louie Partners and CAP-idea, is a maker of the Connection Cloud. To read the posts, go to: http://quickbase.intuit.com/blog/ and http://blog.connectioncloud.com/.
Arsenal Capital Partners said on Friday that it has agreed to acquire ADCO Global, a portfolio company of Aurora Capital Group. No financial terms were disclosed. The transaction is expected to close during the third quarter of 2013. Headquartered in Lincolnshire, Illinois ADCO Global is a provider of specialty adhesives, sealants and tapes.
Intacct said on Friday that Jeff Epstein, operating partner at Bessemer Venture Partners, has joined its board of directors. Prior to his current position, Epstein served as CFO and executive vice president at Oracle. Headquartered in San Jose, Calif., Intacct is a provider of cloud solutions.
Highland Capital Partners and Leap Motion have teamed up to launch a $25 million Leap Fund. The fund will focus on supporting entrepreneurs and investing in a number of sectors that include education, security, healthcare IT, big data and productivity. Leap Motion is a provider of 3-D motion technology.