Clarion to exit Moravia

By Iris Dorbian — 18 mins ago

RWS has agreed to acquire Czech Republic-based Moravia, a globalization solutions provider. No financial terms were disclosed. Moravia was backed by Clarion Capital Partners.

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Assurant to acquire TPG-backed The Warranty Group

By Iris Dorbian — 4 hours ago

Assurant Inc has agreed to acquire The Warranty Group, which is backed by TPG Capital. The deal is valued at about $2.5 billion and is expected to close in the first half of 2018. Morgan Stanley is serving as financial adviser to Assurant on the transaction while UBS Investment Bank is doing likewise for The Warranty Group. Based in Chicago, The Warranty Group is a provider of warranty solutions and related benefits.

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PE-backed THG acquires CNC

By Iris Dorbian — 1 day ago

The Hilb Group, a portfolio company of ABRY Partners, has acquired CNC Insurance Associates Inc, a provider of property and casualty insurance solutions for businesses in Delaware, Maryland, Pennsylvania, New Jersey and Virginia. No financial terms were disclosed.

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First Eagle to buy NewStar Financial

By Iris Dorbian — 1 day ago

First Eagle Investment has agreed to acquire NewStar Financial Inc, a middle market lender and investment manager. According to terms of the deal, First Eagle will pay $11.44 per share in upfront cash. And, in a related transaction, NewStar has agreed to sell a portfolio of investment assets to a new fund sponsored by GSO Capital Partners LP, Blackstone‘s credit investment platform. Credit Suisse Securities (USA) LLC and Houlihan Lokey Capital Inc provided financial advice to NewStar while Wells Fargo Securities LLC served as First Eagle’s and GSO’s financial adviser.

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PE-backed Truck Hero to acquire Omix-ADA

By Iris Dorbian — 2 days ago

Truck Hero Inc, a portfolio company of CCMP Capital Advisors LP, has agreed to buy Suwanee, Georgia-based Omix-ADA Inc, a developer and supplier of Jeep parts and accessories. No financial terms were disclosed. Jefferies served as financial adviser to Omix-ADA on the deal.

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PE-backed Frontera to acquire PML for $225 mln

By Iris Dorbian — 2 days ago

Frontera Energy Corp, which is backed by Catalyst Capital Group, has agreed to acquire a 36.36 percent ownership stake in Pacific Midstream Limited for a cash consideration of $225 million. The seller is International Finance Corp. Upon the closing of the deal, Frontera will own 100 percent of PML.

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PE-backed Invo acquires AHSS

By Iris Dorbian — 2 days ago

Invo Healthcare, which is backed by The Wicks Group, The Jordan Company and Post Capital Partners, has acquired Northbrook, Illinois-based Autism Home Support Services, a provider of home- and center-based applied behavioral analysis therapy to children diagnosed with autism spectrum disorder. No financial terms were disclosed.

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