Platinum Equity said Tuesday that it has bought MetoKote Corp. from CCMP Capital Partners. No financial terms were disclosed. Also, MetoKote President and CEO Jeff Oravitz will remain in his leadership roles. Based in Lima, Ohio, MetoKote is a provider of industrial metal coating solutions.
H.I.G. Capital has made a strategic investment in Lexmark Carpet Mills. The business is a manufacturer of broadloom carpet for hospitality, residential and niche commercial applications.
Fieldwood Energy, a portfolio company of Riverstone Holdings has closed its acquisition of Apache Corporation’s Gulf of Mexico Shelf business for $3.75 billion, based on an effective date of July 1, 2013. The acquisition establishes Fieldwood as the owner of the largest operated asset base on the Gulf of Mexico Shelf with a leasehold comprising greater than 500 blocks and net production of approximately 100,000 boepd, which is 55% oil.
Monroe Capital has provided a $16.6 million senior secured credit facility to support the acquisition and growth of an unnamed dental practice management company by a New York City-based private equity sponsor. The company is a premier dental practice management organization in the Pacific Northwest.
Vestar Capital Partners has completed the acquisition by Vestar Capital Partners VI, L.P. of a majority interest in American Roland Food Corp including Bruno Scheidt, American Roland Food Corp, Pro Warehouse Corp and Costamar Corp. Terms of the transaction were not disclosed.
Halifax, Nova Scotia-based GoGold Resources Inc (TSX: GGD), a mineral resource company, has received US$35 million in equity and debt financing from Orion Mine Finance. Orion has provided the first US$15 million tranche under the credit agreement and has also acquired 4,693,563 common shares of GoGold. Proceeds will be used to fund development of the company's Parral tailings project in Chihuahua, Mexico, and for working capital purposes. Orion, formerly known as RK Mine Finance, is a global private equity investor in precious and base metals sectors.
First West Capital, the Vancouver-based investment division of First West Credit Union, has provided an undisclosed amount of funding to Big Freight Systems Inc to support a shareholder buyout process for the family-owned company. Founded in 1948, Big Freight is a freight management and supply chain solutions business based in Steinbach, Manitoba. First West Capital manages a $100 million fund that provides subordinated debt and mezzanine financing to small businesses in Western Canada.
Canadian mid-market private equity firm Clairvest Group has made a $15 million investment in Cieslok Media, formerly known as Titan Outdoor Canada Co. With offices in Toronto, Montréal, Vancouver and Edmonton, Cieslok is an outdoor advertising company focused on large format digital and static billboards in major Canadian cities. Clairvest partnered in the transaction with company executive Jörg Cieslok. The firm's portion of the investment was $4 million. Clairvest co-CEO Jeff Parr was interviewed by peHUB Canada in June.
Charlesbank Capital Partners is in advanced talks to sell Tecomet, which it has owned for six years, according to two sources, sister publication peHUB reported.
The TCW Group said Monday that it has bought Craton Equity Partners. No financial terms were disclosed. As a result of the acquisition, Craton Equity managing partners Bob MacDonald and Tom Soto will become managing directors at TCW/Craton. Also, Craton Equity managing partner Kevin Wall will become a senior advisor, while David Asarnow, a partner at Craton Equity, will become a senior vice president and director of investments at TCW/Craton. Based in Los Angeles, Craton Equity Partners is a private equity firm that specializes in socially responsible investments.