VC-backed IPOs rebound in second quarter

VC-backed IPO activity rebounded in Q2, as 27 companies raised $3.4 billion in proceeds, according to a report from the National Venture Capital Association and Thomson Reuters. But M&A activity slumped despite LinkedIn’s purchase of

Vestar, Park Avenue Equity and GoldPoint sell DeVilbiss

An investor group that includes Vestar Capital, Park Avenue Equity Partners and GoldPoint Partners has sold DeVilbiss Healthcare to Drive Medical. No financial terms were disclosed. Based in Somerset, Pennsylvania, DeVilbiss is a maker of respiratory and sleep products.

Atlas Holdings sells Forest Resources assets to New-Indy and PaperWorks

Atlas Holdings LLC has sold the assets of Forest Resources, a maker of industrial paper and packaging productions, in two separate deals. New-Indy Containerboard has acquired Forest’s U.S. based businesses, which include Hartford City Paper while PaperWorks Industries Inc has acquired Forest Resources’ Canadian subsidiary CanAmPac ULC. No financial terms were disclosed. Houlihan Lokey provided financial advice to Forest Resources LLC on the transactions.

PayPal to buy digital money transfer provider Xoom: Reuters

PayPal Inc said it would buy digital money transfer provider Xoom Corp for $890 million as it muscles into a growing international remittance market and expand in countries like Mexico, India and China ahead of a spinoff from eBay Inc., Reuters News reported.

Natixis Global closes DNCA Finance buy

Natixis Global Asset Management said Wednesday it had completed its buy of DNCA Finance. Financial terms weren’t announced. DNCA, a French investment management company. In November, PE HUB reported that TA Associates and Banco Leonardo were selling their stakes in DNCA.

Safe Fleet buys Hadley’s transit mirrors unit

Safe Fleet Investments LLC, a portfolio company of The Sterling Group, has acquired the transit mirror product line for buses, shuttles and coaches from Hadley. Financial terms weren’t announced. Hadley’s transit mirrors business, of Elkhart, Indiana, provides transit bus mirrors.

SafeWorks buys DualLift

SafeWorks has acquired DualLift GmbH. Financial terms weren’t announced. Dualift, of Germany, makes traction hoists. Safeworks is a portfolio company of Evergreen Pacific Partners.

PDC Brands buys Bodycology and Cantu

PDC Brands has acquired Bodycology and Cantu from Advanced Beauty Inc. Financial terms weren’t announced. Bodycology is a specialty bath brand while Cantu is a multi-cultural hair care brand. PDC is a portfolio company of Yellow Wood Partners.

Eureka Growth Capital exits CTV

Eureka Growth Capital has sold Stamford, Connecticut-based Campus Televideo, a provider of cable television and related services for the college and university sector, to an unnamed strategic buyer. No financial terms were disclosed. Eureka orginally acquired a controlling stake in CTV via a recapitalization in November 2010.

PE-backed Genoa buys West Bend Assisted Living Pharmacy

Genoa, a portfolio company of Advent International, has acquired West Bend Assisted Living Pharmacy. No financial terms were disclosed. Based in Jackson, Wyoming, West Bend is a provider of medication dispensing and pharmacy consulting services to a variety of facilities.

PE-backed H-D buys FirstMark

H-D Advanced Manufacturing Company has acquired Firstmark Corp. Steen Associates Ltd. and Troutman Sanders LLP advised Firstmark on the transaction while TCW Direct Lending and PNC Business Credit provided financing for the deal. Based in Richmond, Virginia, Firstmark is a maker of components for the aerospace and defense industries. H-D is backed by The Riverside Company, Hicks Equity Partners and Weinberg Capital Group.


Lexmark Carpet Mills closes buy of Northwest Carpet

Lexmark Carpet Mills Inc., a portfolio company of H.I.G. Capital, has closed its buy of Northwest Carpet Inc. Financial terms weren’t announced. Dalton, Georgia-based Northwest Carpet makes solution-dyed, broadloom carpet focused exclusively on the hospitality end-market.

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