More than seven years after buying Burlington Stores, Bain Capital stands to more than quadruple its money in the discount retailer.
Bruckmann, Rosser, Sherrill and Palladin Consumer Retail Partners have teamed up and bought the InMotion Entertainment, Soundbalance and Headphone Hub-branded entertainment and electronics airport retail businesses from Project Horizon. The new businesses will now operate under the name of InMotion Entertainment Group. No financial terms were disclosed. Fifth Street Finance Corp. provided debt financing and co-invested in the equity in the transaction while Wells Fargo Securities served as exclusive financial advisor. Based in Jacksonville, Florida, InMotion Entertainment Group is an airport-based retailer of headphones, mobile device accessories and other consumer electronics.
Duet Health said Wednesday that it has received an undisclosed investment from Baird Capital. Based in Columbus, Ohio, Duet Health is a provider of mobile healthcare communications.
Bertram Capital, a private equity firm in Northern California, has acquired Rowmark. No financial terms were disclosed. Based in Findlay, Ohio, Rowmark is a maker of extruded plastic sheet for engraving and specialty applications.
Freestone Partners has teamed up with Patriot Capital to acquire ErgoGenesis from Independent Bankers Capital Fund. No financial terms were disclosed. Quarton Partners served as exclusive financial advisor to ErgoGenesis and IBCF in the transaction. Based in Navasota, Texas, ErgoGenesis is a maker and provider of ergonomic chairs and accessories.
Investment firm Orchard Holdings Group has acquired Lucas Group from H.I.G. Capital. No financial terms were disclosed. Livingstone Partners advised Lucas Group in the transaction. Lucas Group is an executive recruitment firm in North America.
IK Investment Partners, a European private equity firm, has agreed to acquire DNV Petroleum Services from Det Norske Veritas. No financial terms were disclosed. Headquartered in Singapore, DNVPS is a provider of fuel management solutions.
Swiss generic drugmaker Acino said it has accepted a takeover offer from Avista Capital Partners and Nordic Capital valuing the company at about 398 million Swiss francs ($439 million), writes Reuters.
Pitney Bowes has completed the sale of Pitney Bowes Management Services for $400 million in cash to funds affiliated with Apollo Global Management. Proceeds from the sale of the business will be used to pay down debt.
SFW Capital Partners-backed Spectro Inc., a maker of analytical software for the industrial performance fluids market, has acquired Wilks Enterprise for an undisclosed amount. SFW Capital invests in analytical tools and related services businesses.