Belt Power LLC, a portfolio company of Shorehill Capital, said Dec. 3 that Don Heitmeier was named president, CEO and director of the company. Heitmeier was previously Wesco’s division vice president for the Eastern United States from 2016 to 2018.
CITIC Capital Japan Partners, the Japanese buyout arm of CITIC Capital, has closed its buy of Nippon Oil Pump Co Ltd. Financial terms weren’t announced. Nippon Oil makes internal gear pumps.
Enovation, a portfolio company of Main Capital Partners, has acquired Meddex. Financial terms weren’t announced. Meddex, of Utrecht, the Netherlands, is a healthcare information exchange software vendor.
Ares Management Corp said Dec. 5 that it closed its ninth U.S. real estate fund on about $1.04 billion. Ares’s prior U.S. real estate fund raised $825 million in 2014.
The National Hockey League voted Dec. 4 to approve Seattle as the league’s 32nd franchise. Seattle Hockey Partners will own the team. David Bonderman, co-founder of TPG, is majority owner of Seattle Hockey Partners, while Jerry Bruckheimer, a Hollywood producer, and longtime sports executive Tod Leiweke own stakes, PitchBook said. The team, which has yet-to-be named will begin play in the 2021-2022 season.
Vagaro said Dec. 5 that it raised a $63 million growth round led by FTV Capital. Vagaro, of Dublin, California, provides a management platform for the salon, spa and fitness industry.
J.H. Whitney, one of the oldest private equity firms, has put C.J. Foods up for sale, three sources said. Lazard is advising on the sale, the people said. Founded in 1985, C.J. Foods is the Bern, Kansas, maker of specialty dry pet food and treats for U.S. super-premium brands. In April, C.J. acquired Lortscher Animal Nutrition, […]
Eclypsium said Dec. 4 that it raised $8.75M in Series A round led by Madrona Venture Group. Also participating were investors Andreessen Horowitz, Intel Capital and Ubiquity Ventures. Eclypsium, of Portland, Oregon, provides an enterprise firmware protection platform.
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Permira is targeting 2.5 billion euros ($2.83 billion) for its largest ever direct lending fund, the Wall Street Journal reported Nov. 29. The pool will invest in companies throughout the UK and continental Europe, the story. Permira Credit Solutions III, its predecessor fund, closed on about 1.7 billion euros in June 2017.
Apollo Global Management LLC has emerged as the lead bidder to take Arconic Inc private, Bloomberg is reporting. Apollo, which made a final offer for the U.S. aluminum products maker Arconic last week, triumphed over a rival offer from a group that included PE firms, the story said.
The auction of StandardAero Aviation Holdings Inc has hit the final round with Blackstone Group LP, Carlyle Group LP and Warburg Pincus bidding for the company, Bloomberg reported. StandardAero could fetch as much as $5 billion, the story said. StandardAero, an aircraft maintenance provider, is backed by Veritas Capital. Final offers for StandardAero are due in mid-December, Bloomberg said.
Yukon Partners said Dec. 4 that it supporting Sentinel Capital Partners’s investment in Apex Cos, a water resources, environmental services, and industrial hygiene firm. The deal was announced in November. Dorsey & Whitney LLP served as legal counsel to Yukon.
KKR has committed to invest up to 500 million singapore dollars ($366.6 million) in V3 Group Ltd. V3, of Singapore, is a specialty retailer of luxury lifestyle and wellness products in Asia. Evercore advised V3.
KKR said Dec. 4 that Sumanth Cidambi and Vijay Padmanabhan were named directors for the firm’s credit business in India. Cidambi has worked with corporate boards and senior management teams in Asia, Europe and the US while Padmanabhan’s experience in credit underwriting and distress investing, in the UK and India, includes working at Old Lane, Fidelity Investments, and SBI Funds Management.
SK Capital Partners said Dec. 4 that Mario Toukan is joining its senior leadership team as a managing director. Toukan most recently served as global head of chemicals and materials at KeyBanc Capital Markets.
Arbor Investments closed its first deal in the pet space. The buyout shop said Dec. 3 that it acquired the exclusive brands business of Mars Petcare US Inc. The unit makes private label pet food and treats for retail customers. Terms weren’t disclosed. The acquisition includes five plants, in Orangeburg, South Carolina; Washington Court House, Ohio; Miami […]
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