B&G Foods Inc said Dec. 2 that it has acquired Victoria Fine Foods Holding Company and Victoria Fine Foods LLC for about $70 million in cash, subject to a customary working capital adjustment. Huron Capital Partners and certain others were the sellers. Victoria Fine Foods, of New York, offers a variety of premium pasta and specialty sauces, savory condiments and tasty gourmet spreads. Sawaya Segalas & Co LLC served as financial advisor to Victoria Fine Foods. Perella Weinberg Partners LP was financial advisor to B&G Foods.
Blackstone Tactical Opportunities has agreed to invest in BTIG. Financial terms weren’t announced. New York-based BTIG is a financial services firm that provides institutional trading, investment banking, research and related brokerage services.
General Atlantic said Dec. 5 that it promoted Aaron Goldman and Shantanu Rastogi to managing director and Erin Chang to principal.
Investcorp has invested in Arrowhead Electronic Products and will have a “significant” minority stake. Financial terms weren’t announced. The Riverside Company remains majority investor of Arrowhead Electronic. Arrowhead, of Blaine, Minnesota, supplies aftermarket replacement parts for a wide variety of applications.
Accenture said Nov. 29 that it has acquired Karmarama. Financial terms weren’t announced. Phoenix Equity Partners is the seller. London-based develops advertising campaigns, data-driven content and mobile platforms for clients including BBC, Confused.com, Honda, Just Eat and Unilever.
Gen Cap America Inc said Nov. 29 that it has backed the management of Pyramyd Air Ltd in its acquisition of the company. Terms of the transaction were not disclosed. Pyramid Air, of Solon, Ohio, distributes air guns, airsoft guns, bb guns, and related parts and accessories. The Pyramyd Air management team, led by Val Gamerman, is staying on to run daily operations.
KKR said Nov. 29 that it has agreed to buy Arle Capital Partners‘ stake in Hilding Anders. Financial terms weren’t announced. KKR previously invested in Hilding Anders in 2013 when KKR Credit invested 350 million euros as part of a refinancing. Hilding Anders, of Malmö, Sweden, is a European provider of beds and mattresses.
NBK Capital Partners has invested in Kaumeya Language Schools. Financial terms weren’t announced. The European Bank for Reconstruction and Development is providing financing. Kaumeye Language School, a K-12 school established by Mr. & Mrs. Laithy Abdel Nasser in 1959 as a language school in Alexandria, provides Egyptian, British (IGCSE) and American Diploma curricula.
IK Investment Partners said Nov. 28 that its eighth mid cap fund raised 1.85 billion euros ($1.96 billion). IK VIII Fund exceeded its €1.6bn target and will make majority investments in companies with enterprise values up to approximately €500 million in IK’s core markets: Benelux, DACH, France and the Nordics. Kirkland & Ellis LLP acted as the legal counsel to the Fund.
OpenGate Capital has acquired Umicore Zinc Chemicals. Umicore, the parent company, was the seller. Umicore, based in Angleur, Belgium, produces specialty zinc chemicals and has been renamed EverZinc. It generates over 400 million euros in annual revenue and has more than 500 employees globally.
Align Capital Partners has invested in Alliance Source Testing LLC. Financial terms weren’t announced. Alliance Source, of Decatur, Alabama, provides source testing solutions for utility, aluminum, midstream energy, specialty chemical and other types of industrial facilities. Madison Capital Funding provided financing for the transaction. Kirkland & Ellis LLP provided legal and advice to ACP, while Exit Strategies brokered the transaction.
Sino-Ocean Group Holding Ltd and KKR have agreed to invest in Beijing Capital Juda Ltd in a deal valued at 1.447 million Hong Kong dollars ($191 million). Once the deal closes, Sino-Ocean will own about 15 percent in Capital Juda, while KKR will have 12 percent. Capital Juda is a retail outlets developer and operator.
Wellspring Capital Management LLC has completed its buy of Hoffmaster Group Inc. Metalmark Capital was the seller. Financial terms weren’t announced. Oshkosh, Wisconsin-based Hoffmaster makes and supplies disposable tableware including paper plates, cups, napkins and decor. Robert W. Baird & Co served as financial advisor and Davis Polk & Wardwell LLP acted as legal advisor.
Marlin Equity Partners said Nov. 21 that it has acquired EdgeAQ LLC. Financial terms weren’t announced. EdgeAQ, of Nashville, provides a cloud-based product content network as well as home improvement configuration software and services.
Gauge Capital has agreed to sell Veridicus Holdings LLC to Magellan Health Inc. Financial terms weren’t announced. Salt Lake City-based Veridicus provides pharmacy benefit management, medication therapy management, clinical care management, and Medicare Part D services to self-funded employers, third party administrators and plan sponsors
Norwest Equity Partners has agreed to sell Stanton Carpet Corp to Quad-C Management. Financial terms weren’t announced. Stanton, of Syosset, New York, designs and distributes branded carpet and custom rugs and runners. BB&T Capital Markets served as financial advisor to Norwest Equity Partners. Winston & Strawn LLP served as legal advisor to Stanton.
Gryphon Investors said Nov. 21 that its latest fund closed at its hard cap of $1.1 billion. Gryphon Partners IV LP was oversubscribed and exceeded its original target of $600 million. Gryphon, of San Francisco, invests in business services, consumer products and services, healthcare, and industrial growth industries.
Siris Capital Group LLC said Nov. 21 that Krish Prabhu has joined as executive partner. Prabhu was most recently chief technology officer of AT&T and president of AT&T Labs.