Madison Capital, Tim Schifer, Twin Brook Capital, private equity
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Madison Capital’s Schifer jumps to Twin Brook

Tim Schifer, a longtime Madison Capital Funding employee, has left the firm and will be joining Twin Brook Capital Partners, three sources said. Schifer oversaw parts of Madison Capital’s loan portfolio, a source said. He was a director in Madison’s underwriting and portfolio-management group, person said. Schifer’s bio is no longer available on the Madison Capital […]

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Wordline to buy Digital River World Payments

Digital River Inc, a portfolio company of Siris Capital Group, has agreed to sell its online payment service provider to Worldline. Financial terms weren’t announced. Digital River World Payments, of Stockholm, provides a payment gateway, as well as multi-acquiring and collecting services. The unit employs about 120 people. News of the sale was reported by Buyouts in May. Steve Hufford, of Raymond James, provided financial advice to Digital River. Rob Goldstein lead the team at McDermott Will & Emery that supplied legal advice.

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One Equity to buy 28.8 pct of Sanken North America for $291 mln

One Equity Partners is buying a minority stake, 28.8 percent, of Sanken North America via a private placement. The deal is valued at $291 million. Sanken Electric Company Ltd, the parent, will receive the $291 million in proceeds through a special dividend. Sanken North America, of Worcester, Massachusetts, owns two semiconductor businesses, Allegro MicroSystems LLC and Polar Semiconductor LLC. Sanken Electric supplies analog power semiconductor products.

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T2 Systems buys ParkingSoft

T2 Systems, a portfolio company of Thoma Bravo, has acquired ParkingSoft. Financial terms weren’t announced. ParkingSoft, of Atlanta, provides cloud software, automated hardware, and IT and support solutions for the parking technology industry

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Bright.md raises $8 mln

Bright.md said July 17 that it closed an $8 million Series B funding round led by B Capital Group. Existing investor Seven Peaks Ventures also participated. Bright.md, of Portland, Oregon, provides software that aims to automate care and communication between physician and patient.

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Kohlberg & Co closes Winter Sports buy

Kohlberg & Company LLC said July 17 that it completed its buy of the winter sports business of Newell Brands Inc. Kohlberg also said that Christoph Bronder, president and CEO of Marker Dalbello Völkl, will assume the role of president and CEO of the company.

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Activa Capital, Bpifrance exit Nexeya

Activa Capital and Bpifrance have sold their stakes in Nexeya back to the company’s management, which will have a 75 percent stake. Financial terms of the transaction, which were backed by Capzanine and BNP Developpement, were not announced. Nexeya, of Paris, design, makes and supports embedded, stand-alone and ground equipment products, integrated systems and system support services for air, land, naval and joint task forces.

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J.W. Childs buys majority of EbLens LLC

J.W. Childs Associates LP said July 18 that it has acquired a majority stake in EbLens LLC. KarpReilly LLC is the seller. Financial terms weren’t announced. EbLens, of Torrington, Connecticut, is a retailer of urban-inspired footwear, apparel and accessories. Robert W. Baird & Co provided financial advice to EbLens, while Ropes & Gray LLP acted as legal counsel. Arnold & Porter Kaye Scholer LLP served as legal counsel to J.W. Childs.

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Chadwick joins Pritzker Group Private Capital

Pritzker Group Private Capital said July 18 that Thomas Chadwick has joined as a vice president of the group’s manufactured products team. Chadwick previously spent two years as a private equity associate for Madison Dearborn Partners.

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Carlyle to invest in ZeroChaos

Carlyle Group said July 17 that it has agreed to invest in ZeroChaos. Financial terms weren’t announced. Snow Phipps Group, ZeroChaos’ current financial partner, will exit its stake as part of the transaction. ZeroChaos, of Orlando, Florida, provides software and services that help companies manage their temporary staffing, professional services and other outside service providers. Latham & Watkins advised Carlyle. ZeroChaos was advised by R.W. Baird and Weil, Gotshal & Manges.

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MidOcean to sell Water Pik for $1 bln

MidOcean Partners has agreed to sell Water Pik Inc to Church & Dwight Co Inc for about $1 billion cash. The deal is expected to close in third quarter. Water Pik is a marketer and distributor of branded oral health products and replacement showerheads. Harris Williams and Wells Fargo provided financial advice, while Kirkland & Ellis LLP acted as legal adviser to MidOcean Partners.

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Align Capital invests in Pleatco LLC

Align Capital Partners has made a growth investment in Pleatco LLC. Financial terms weren’t announced. Pleatco, of Glen Cove, New York, designs and makes filtration products for pools and spas.

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CITIC invests in Formel D: CORRECTED

CITIC Capital Holdings Ltd said July 17 that it has invested in Formel D. CITIC’s investment was about 72 million euro ($82.5 million). Formel D, of Troisdorf, Germany, is a global service provider to the automotive and component supply industry. Harris Williams & Co served as financial advisor and Shearman & Sterling LLP served as legal counsel to CITIC Capital. Baird served as financial advisor and Willkie Farr & Gallagher LLP served as legal counsel to 3i.

Hero Group, Signature Brands, Rothschild & Co, private equity, merger, M&A
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Hero Group seeks buyer for Signature Brands

Hero Group’s sale of Signature Brands LLC is expected to attract middle-market private equity firms. Hero has hired Rothschild & Co to run a process for Signature Brands, sources said. Signature Brands provides specialty and holiday decorating products, like sprinkles, sanding sugars and icings, under the Cake Mate brand. The Ocala, Florida, company also makes PAAS […]

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Brentwood Fund VI raises $1.15 bln

Brentwood Associates said July 12 that its latest fund closed with $1.15 billion, exceeding its $750 million hard cap and target. Fund VI will make control investments in companies with enterprise values between $50 million and $500 million, with a focus on buyouts, growth equity investments and minority recapitalizations in the North American middle market. Park Hill Group LLC acted as the placement agent, Kirkland & Ellis LLP provided legal advice.

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Quill raises funding

Quill said July 13 that it has closed a round of funding. Financial terms were not disclosed. Quill, of London, produces primary content using a cloud technology platform. Quill has raised a total of 10 million pounds ($12.9 million) in funding.