The Riverside Company has invested in Bohemia Interactive Simulations, a developer and provider of games for training technology and interactive simulation systems sold to defense, emergency and mission-critical customers. Bohemia was founded in 2001 in Australia, and has since 2007 been led by CEO Pete Morrison, who was previously a Captain in the Australian Army.
Acorn Growth Companies has partnered with The Edgewater Funds to acquire Paul Fabrications, based in Derby, United Kingdom, which specializes in the manufacture of metal assemblies for the aerospace, power generation and nuclear fueling industries. The acquisition is the second venture for Acorn Growth Companies and The Edgewater Funds since the partnership was announced early this year.
The private equity group Terra Firma plans to sell assets this year that are likely to include the European cinema chain Odeon & UCI Group to raise more than 1 billion pounds ($1.6 billion), according to the Financial Times, writes Reuters. The group, led by dealmaker Guy Hands, plans first to sell the energy firms Phoenix Natural Gas and Infinis before selling Odeon later in the year, writes Reuters.
Alliance Consumer Growth has acquired a minority stake in Krave Jerky. New York-based ACG, which invests in consumer brands, provided less than $10 million for a "significant" minority holding in Krave, says Julian Steinberg, a managing partner.
(Reuters) - Private equity firm Cerberus Capital Management LP and its partners are nearing an agreement to buy parts of Supervalu Inc. (NYSE: SVU), and an announcement could come as soon as next week, a person familiar with the matter said on Friday. Shares of Supervalu, the third largest U.S. supermarket chain, jumped 17% on the news.
U.S. private equity firm Cerberus Capital Management is to buy British pub group Admiral Taverns from part state-owned Lloyds Banking Group, which is shedding non-core businesses. While terms were not disclosed, two people familiar with the matter said on Friday the deal had an enterprise value - debt plus equity - of 200 million pounds ($323 million), Reuters reported. The debt portion was around 150 million pounds, with Cerberus providing 50 million cash, the people said.
MidOcean Partners, a middle-market PE shop, made a “significant equity investment” in All Systems Holding, a Pittsburgh-based provider of technical outsourcing. Terms of the deal were not released.
Blue Heron Capital has put an undisclosed amount of money into Washington, DC-based healthcare IT company WiserTogether Inc. The company makes personalized, data-driven decision support tools for users to understand their healthcare options, and engage with their physicians about treatments. Terms of the investment were not released.
Breakwater Investment Management has made a “significant” growth-capital investment in Exhale Enterprises Inc., investing out of its Breakwater Structured Growth Opportunities Fund, the firm said. Terms were not released. Exhale Enterprises is a provider of mind/body fitness classes.
Irving Place Capital has taken a minority stake in rag & bone, a maker of men's and women's apparel. Terms were not released. Peter J. Solomon Co. served as rag & bone's financial advisor.