Greenfield Capital invests in BioTrack

Greenfield Capital Partners has provided $5 million in financing to BioTrackTHC. Based in Fort Lauderdale, Florida, BioTrack is a provider of transaction tracking software for the legal cannabis sector.

BuyerQuest scores $7 mln from Argentum and First Analysis

Cleveland-based BuyerQuest, a provider of procure-to-pay software solutions, has secured $7 million in funding. Argentum led the round with participation from First Analysis. In conjunction with the funding, BuyerQuest has named Daniel Raynor, co-founder and managing partner of Argentum, to its board of directors.

American Apparel files for bankruptcy: Reuters

American Apparel Inc filed for chapter 11 bankruptcy protection on Monday, joining a rising number of U.S. apparel retailers reeling under tough competition and lower spending by teen shoppers, Reuters News reported.

Hellman & Friedman gets majority of Securitas Direct Verisure

Hellman & Friedman has acquired Bain Capital’s stake in Securitas Direct Verisure Group. Financial terms weren’t announced. The deal gives Hellman & Friedman a majority shareholder position. Malmö, Sweden-based Securitas Direct provides professionally monitored home alarm systems through its Securitas Direct and Verisure brands.


H.I.G. buys Universal Fiber Systems

H.I.G. Middle Market, the dedicated middle market affiliate of H.I.G. Capital, has acquired Universal Fiber Systems LLC. Financial terms weren’t announced. Bristol, Virginia-based Universal Fiber produces custom solution-dyed synthetic fibers for the flooring, transportation, performance apparel and industrial fibers industries.

Up and Down

Value of U.S. PE M&A soars, but volume plummets

The total disclosed value of U.S. announced private equity mergers skyrocketed more than 61 percent in third quarter, but the number of deals dropped about 20 percent, according to data from Thomson Reuters.


Bombardier turns to Caisse for cash: Reuters

Bombardier Inc (BBDb.TO) is in discussions with the Caisse de depot et placement du Quebec, which manages Quebec’s public pension plans, on a deal that could inject more cash into the troubled plane and train maker, sources told Reuters News.

NGP Global Agribusiness commits $60 mln to Proximity Malt

Proximity Malt LLC said Friday it closed a $60 million funding commitment from NGP Global Agribusiness Partners, an affiliate of NGP Energy Capital Management. Milwaukee-based Proximity Malt provides locally sourced and produced base and specialty malts for the craft brewing industry.


Irving Place Capital completes OTC acquisition

Irving Place Capital has closed its buy of Ohio Transmission Corp. No financial terms were disclosed. In addition to the funding, Carlos Cardoso, former CEO of Kennametal and senior advisor at IPC, has been added to OTC’s board of directors. Based in Columbus, Ohio, OTC is a provider of engineered motion control, pump and air compressor products.

Incline Equity exits Wheaton

Incline Equity Partners has sold Wheaton Industries Inc to an unnamed buyer. No financial terms were disclosed. New Jersey-based Wheaton is a provider of laboratory glassware, consumables, instrumentation and associated products and services.

Alcentra Capital backs CM Equity’s Graco Supply buy

Alcentra Capital Corp. said Thursday it provided capital to support CM Equity Partners’ buy of Graco Supply and Integrated Services. Financial terms weren’t announced. Fort Worth, Texas-based Graco Suppy is a distributor of chemical products, packaging services, and related supply chain and vendor managed inventory services for the manufacture and maintenance, repair, and overhaul of commercial and military aircraft.

Levine Leichtman closes Caring Brands buy

Levine Leichtman Capital Partners said Thursday it closed its buy of Caring Brands International Inc. Financial terms weren’t announced. Sunrise, Florida-based Caring Brands is a franchisor of home healthcare services. Piper Jaffray & Co. and North Point Advisors advised Caring Brands.

Sterling exits Liqui-Box

The Sterling Group said Thursday it completed the sale of Liqui-Box to Olympus Partners. Financial terms weren’t announced. Richmond, Virginia-based Liqui-Box designs and supplies liquid packaging systems for the dairy, beverage, food, and wine industries. Sterling acquired the business from DuPont in 2011. PE HUB reported news of the sale last month. Harris Williams advised Liqui-Box/Sterling.


CCMP to buy control of Shoes For Crews

CCMP Capital Advisors LLC said Thursday it has agreed to buy a controlling stake in Shoes For Crews. Financial terms weren’t announced. The company’s founders, the Smith family, are rolling over a portion of their equity. West Palm Beach, Florida-based Shoes For Crews produces slip-resistant footwear.

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