Arsenal Capital Partners has acquired International Fiber Corp. from Swander Pace Capital. Financial terms weren't announced. North Tonawanda, N.Y.-based International Fiber supplies cellulose‐based insoluble fiber products for food and industrial applications. Sagent Advisors advised Arsenal.
FTV Capital has led a $40 million growth equity investment for Credorax. Boston-based Credorax is an online payments processor.
Action Environmental Group has acquired the New York and New Jersey hauling, transfer station and recycling assets of Interstate Waste Services. Financial terms weren't announced. Action Environmental is a portfolio company of Summer Street Capital Partners and Ironwood Capital Management. Comerica Bank's Environmental Services Department, through a syndicate which included Webster Bank, Union Bank, and CoBank, provided financing. Interstate Waste Services, of Basking Ridge, N.J., provides waste collection, recycling and disposal for the residential, industrial and commercial sectors.
FS Investment Corp., a BDC that invests in debt securities of private companies, said it committed over $200 million in July. Deals include: a $30 million loan to CoSentry.net, which is backed by TA Associates; a $66.4 million loan to Tri-Northern Acquisition, which is a portfolio company of the Audax Group; and, $6.1 million in debt and equity to VPG Group Holdings, which is a portfolio company of Insight Equity Holdings. FSIC is an investment fund sponsored by Franklin Square Capital Partners.
The level of debt that private equity firms are putting on large European buyouts has hit a five-year high and is at its highest point since the peak of the market in early 2008 before Lehman Brothers' collapse, according to Thomson Reuters LPC data.
Kohlberg & Co. has acquired Nellson Nutraceutical.Financial terms weren't announced. Irwindale, Calif.-based Nellson develops and makes nutritional bars and functional powders. Jay Novak and Timothy Larsen of Houlihan Lokey provided financial advice to Nellson.
MAYKOR, a Russian IT outsourcing and service provider, has received $100 million in funding. The investors were the Russian Direct Investment Fund, the European Bank for Reconstruction and Development and the CapMan Russia II fund. According to MAYKOR, the capital will be used for growth and portfolio diversification within the Russian market.
Brazos Private Equity Partners has acquired Eberle Design. Financial terms weren't announced. Phoenix-based Eberle designs, makes and sells electronic control products for the traffic, access, and rail industries.
Estancia Capital Partners has acquired a minority stake in Sustainable Growth Advisers. Financial terms weren't announced. Stamford, Conn.-based Sustain Growth is a boutique asset management firm.
Genufood Energy Enzymes Corp. said Tuesday it secured $3 million in funding from Kodiak Capital Group. Kodiak, an institutional investor, is buying $3 million in common stock from Genufood Energy. Houston-based Genufood distributes nutraceutical enzyme products.