KLH-backed Federal Resources gets refinanced

KLH Capital portfolio company Federal Resources Supply Company has been recapitalized. Alaris Royalty Corp participated in the transaction. No financial terms were disclosed. BlackArch Partners served as financial advisor to Federal Resources. Based in Stevensville, Maryland, Federal Resources is a provider of products and solutions for the defense, first responder, homeland security and maritime markets.

KPS-backed Anchor Glass completes recap

Anchor Glass Container Corp. which is backed by KPS Capital Partners, has completed a recapitalization. As a result of the transaction, Anchor Glass secured a $465 million term loan with Credit Suisse Securities (USA) LLC and Barclays Bank PLC serving as lead arrangers and joint bookrunners. The proceeds of the recap were used to pay down debt, support growth and fund a $150 million dividend to stockholders. Anchor Glass is a  a maker of premium glass packaging products.

FSN to exit HusCompagniet

FSN Capital has agreed to sell Danish brick house retailer HusCompagniet to EQT. No financial terms were disclosed. FIH Partners, Accura and Deloitte advised FSN on the transaction.


North Castle buys Sprout Organic Foods

North Castle Partners said Thursday it has acquired a controlling stake in Sprout Organic Foods Inc. Financial terms weren’t announced. Duluth, Georgia-based Sprout develops, markets and distributes organic foods, primarily serving the baby / toddler market. BellMark Partners served as financial advisor to Sprout.

Stone Point closes Broadstone investment

Stone Point Capital LLC has closed its investment in Broadstone Real Estate LLC. Financial terms weren’t announced. Proceeds will be used to buy stakes in two private real estate investment offerings currently managed by BRE, Broadstone Net Lease and Broadtree Homes. Broadstone Real Estate, effective Wednesday, is jointly owned by the Tait and Leenhouts families, Stone Point, and certain BRE employees.

Permira closes Medora, Ideal Snacks buy

Permira said Wednesday it had closed its previously announced buy of Medora Snacks LLC and Ideal Snacks Holding Corp. Permira has combined Medora and Ideal under a holding company called BFY Holdings.

GTCR exits Protection 1

GTCR has closed the sale of Protection 1 to Apollo Global Management. Protection 1 provides security alarm monitoring in the United States. Morgan Stanley & Co. LLC and Raymond James served as financial advisors to GTCR/Protection 1.


Trive Capital invests in AG&M

Trive Capital has made an undisclosed investment in Architectural Granite & Marble Ltd. No financial terms were disclosed. Headquartered in Spicewood, Texas, AG&M is a provider of natural stone, engineered stone, and related products used in residential construction, commercial construction and remodeling.


TSG acquires outdoor gear and apparel retailer Backcountry

TSG Consumer Partners LLC has acquired Backcountry.com LLC from Liberty Interactive Corp. No financial terms were disclosed. Guggenheim Securities LLC provided financial advice to Liberty and Backcountry on the transaction. Utah-based Backcountry is an online retailer of outdoor gear and apparel.


Sun Capital sells VPS Midwest division to GPM Investments

GPM Investments LLC has acquired the Midwest division of VPS Convenience Store Group. The seller was Sun Capital Partners. No financial terms were disclosed. Based in Wilmington, North Carolina, VPS operates convenience stories under the Village Pantry and Next Door Stores brands.


CI Capital to sell Interactive Health to FFL

FFL has agreed to acquire Interactive Health from CI Capital Partners. No financial terms were disclosed. Interactive Health is a provider of workplace wellness solutions to companies in the U.S.


General Atlantic buys majority stake in EN Engineering

General Atlantic has acquired a majority stake in EN Engineering from CIVC Partners. No financial terms were disclosed. Houlihan Lokey advised EN Engineering on the transaction while Paul, Weiss, Rifkind, Wharton & Garrison LLP advised General Atlantic. Based in Warrenville, Illinois, EN Engineering is a provider of engineering, consulting and automation services to pipeline companies, utilities and industrial customers.

Watermill buys Quality Metalcraft

The Watermill Group has acquired Livonia, Michigan-based Quality Metalcraft Inc, a components provider for the transportation industries. No financial terms were disclosed.

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