Heitmeier named president, CEO of Belt Power

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.


Enovation buys Meddex

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.


TPG’s Bonderman clinches NHL approval for Seattle hockey team

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 raises $63 mln

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, CJ Foods, pet food, nutrition, merger, M&A, private equity

J.H. Whitney seeks buyer for C.J. Foods

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 raises $8.75 mln

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.


PE HUB Wire Highlights, 12.4.18

SEC slaps once high-flying BDC manager Fifth Street; Why regulatory due diligence is essential in healthcare PE deals; Wall Street freezes out women in #metoo backlash


Apollo emerges as lead bidder for Arconic: Bloomberg

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.


StandardAero auction hits final round: Bloomberg

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 backs Sentinel’s buy of Apex Cos

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 to invest in V3 Group

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.

Cidambi, Padmanabhan to join KKR’s India credit business

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.


Toukan to join SK Capital Partners

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.


Pets PE: Arbor launches Red Collar, Sentinel is buying Pet Supplies Plus

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 […]


PE HUB Wire Highlights, 12.3.18

Apollo Global loses Tribune Media bid; General Atlantic announces promotions; NEA completes secondary sale of 26 portfolio cos for about $1 bln