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.


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.


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.


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.


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

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 […]


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.


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.


APG Asset Management to buy DIF Infrastructure II fund assets

DIF has agreed to sell its portfolio of asset held by its 2008-vintage DIF Infrastructure II fund to APG Asset Management NV. The secondary transaction is valued at more than 700 million euros ($797.2 million), a source said. The transaction comprises 48 PPP / PFI and renewable energy assets across Continental Europe and the UK. […]


Marlin Equity seeks buyer for eMDs: WSJ

Marlin Equity Partners has put eMDs Inc up for sale, the Wall Street Journal is reporting. Houlihan Lokey is advising on the sale, the story said. EMDs is expected to produce 2017 EBITDA of about $13 million, the WSJ said. EMDs provides electronic health records and revenue cycle-management services to ambulatory care organizations.


Rover.com raises $65 mln

Rover.com said July 13 that it raised $65 million in funding led by Spark Capital. New investors Bespoke Strategies and StepStone Group also participated. Existing shareholders Madrona Venture Group, Menlo Ventures, Foundry Group, OMERS Ventures and Technology Crossover Ventures also participated. Rover.com, of Seattle, is a network of pet sitters and dog walkers.

Bakemark, food, private equity, merger, M&A

BakeMark USA is expected to sell for more than $500 mln

Private equity is dominating the BakeMark USA LLC auction, which has hit the second round, two sources said. BakeMark is expected to sell for north of $500 million, the sources said. Harris Williams is advising on the sale. It’s unclear which firms are vying for BakeMark, but most are buyout shops, the people said. BakeMark, Pico […]


Rent-a-Center rejects $800 mln offer from Vintage Capital: New York Post

Rent-a-Center has rejected a $15 a share takeover offer from Vintage Capital, a Florida PE firm, the New York Post is reporting. The rent-to-own company said the $800 million offer from Vintage was “inadequate and opportunistic,” the story said. Engaged Capital, an activist hedge fund that owns three seats on RAC’s board, said it wasn’t pleased by the rejection.


WeWork raises $760 mln: WSJ

WeWork Cos has raised $760 million in new capital, the Wall Street Journal is reporting. WeWork, of New York, operates shared office and co-living spaces. The company is valued at $21.06 billion, the story said citing a PitchBook Data estimate. The WSJ said it was not clear which entities provided capital.


Gong.io raises $20 mln

Gong.io said July 12 that it raised $20 million in a Series A1 round. Existing investors Norwest Venture Partners and CheckPoint Co-Founder Shlomo Kramer participated in the round. New investors Wing Venture Capital and NextWorld Capital. Gong.io, of San Mateo, California, provides a conversation intelligence platform for sales teams.


THL, Goldman Sachs to sell GCA Services for $1.25 bln

ABM said July 11 that it agreed to buy GCA Services Group from Thomas H. Lee Partners LP and Goldman Sachs Merchant Banking Division for about $1.25 billion in cash and stock. GCA, of Cleveland, provides facility services in the education and commercial industries, specializing in facilities maintenance, janitorial services, grounds management, vehicle services and outsourced workforce solutions. Once the deal closes, THL and Goldman will own approximately 14 percent of ABM’s outstanding shares. J.P. Morgan Securities LLC is financial adviser to ABM. Jones Day and Davis, Polk and Wardwell are its legal advisers. Goldman Sachs and Kirkland & Ellis LLP are serving as GCA’s financial and legal advisers, respectively.

Arsenal Capital, Certara, pharmaceuticals, private equity, merger, M&A

Arsenal said to make 4.3x its investment with Certara sale

Arsenal Capital Partners stands to more than quadruple its money with the sale of Certara, a source said. On July 11, EQT said it agreed to buy the U.S. drug-development consultancy for roughly $850 million. Arsenal is retaining a minority stake. Certara, Princeton, New Jersey, provides technology and consulting services to help pharmaceutical companies obtain […]