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Robert Daniel

Castle Harlan Inc, the New York private equity firm, said Castle Harlan Partners IV LP closed the sale of Baker & Taylor, the Charlotte, North Carolina, provider of print and digital books and other multimedia to libraries, institutions and retailers, to Follett Corp. Terms weren’t disclosed. Follett is the Westchester, Illinois, provider of education technology, services and print and digital content to pre-K and K-12 schools, districts, and college campuses. In a statement Castle Harlan said that with Baker & Taylor, Follett’s annual sales reach $3.6 billion. Eric Schwartz, managing director of Castle Harlan, called the sale of Baker & Taylor to Follett “the right strategic next step for the business, as the two companies complement each other well.”
Fried, Frank, Harris, Shriver & Jacobson LLP, the New York law firm with some 450 attorneys, named Christian Kleeberg a partner in its M&A and private equity practice, based in Frankfurt.  Kleeberg joins Fried Frank from the London law firm Taylor Wessing, where he was a partner. In a statement Fried Frank said Kleeberg focuses on private M&A, mainly for “private equity and other financial investors. He also represents German and international strategic investors as bidders or sellers in auction processes, and has extensive experience advising clients on the purchase and restructuring of large companies in Germany.”
Apax Partners, the London private-equity firm, and Accenture, the New York management consultant, agreed to form a joint venture to quickly develop software to handle insurance claims, billing and policy administration. Funds advised by Apax will acquire 60 percent of Accenture’s Duck Creek Technologies, with Accenture retaining 40 percent. Terms weren’t disclosed. The parent firms say Duck Creek will operate as a new company.  Accenture will be a key systems integrator and consulting partner for Duck Creek, while Apax will provide access to funding and management expertise, the companies said in a statement. Mike Jackowski, president of Duck Creek, becomes CEO of the joint venture, which the companies expect to close by August 31.
Arsenal Capital Partners, the New York private equity firm focused on middle-market specialty industrial and healthcare companies, closed the acquisition of certain foam production assets from Hickory Springs Manufacturing Co. Terms weren’t disclosed. HSM will become a subsidiary of Elite Comfort Solutions, a specialty foam platform Arsenal created in 2016. HSM, Conover, North Carolina, produces flexible polyurethane foam for application in furniture, bedding, medical uses and packaging.
Cinven, the London private equity firm, said it fully realized its investment in Numericable with the sale of its remaining shareholding in Altice NV on March 1. “This residual holding in Altice was a result of Cinven rolling part of its remaining stake in Numericable into Altice,” Cinven said in a statement. Numericable is France’s […]
Trive Capital, the Dallas private equity firm managing about $900 million of capital, named Shravan Thadani a vice president. Thadani joins Trive from Sequel Holdings, the Dallas PE firm, where he was a vice president, sourcing, executing and managing investments in food and beverage, agribusiness and plastics.
Lincoln International, the Chicago mid-market investment bank, acted as M&A adviser to Yellow Wood Partners and its portfolio company PDC Brands on their purchase of Original Additions from LDC. Original Additions is a UK beauty-accessory firm, with brands including Eylure, Elegant Touch and Salon System. Yellow Wood is the Boston private equity firm focused on […]
Leonard Green & Partners’ Mister Car Wash expanded into Mississippi by acquiring seven Venture Car Washes. Terms weren’t disclosed. Mister Car Wash, Tucson, Arizona, now employs nearly 7,000 people at 172 car washes and 32 express lubes in 20 states.
Pyramid Healthcare Inc, a portfolio company of Clearview Capital Fund II LP, closed the acquisition of Real Recovery of Asheville Inc. Terms weren’t disclosed. The deal is Pyramid’s fifth add-on acquisition under Fund II’s ownership and its second in North Carolina. Real Recovery, Asheville, North Carolina, provides living accommodations to help men ages 18 to 28 make the transition from substance-abuse recovery to independence. Also in Asheville, Pyramid operates OctoberRoad Inc, a provider of outpatient addiction and mental-health-treatment services. Clearview Capital LLC is headquartered in Old Greenwich, Connecticut.
Innova Capital Partners LLC and a subsidiary of the New York investment bank Goldman Sachs Group Inc said they formed a joint venture to develop telecom assets in Colombia. The venture will finance the efforts of Golden Communicaciones SAS of Bogota to build cellphone towers in the region. Terms weren’t disclosed. Golden owns and operates towers and other wireless infrastructure.
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