Incline Equity Partners said Tuesday it has sold Caldwell and Gregory LLC to Carousel Capital. Financial terms weren't announced. Manakin-Sabot, Va.-based Caldwell is a provider and servicer of laundry rooms for colleges, universities and multi-family housing communities.
H.I.G. Capital has made a strategic investment in Raymond Express International. Founded in 1983, REI is an asset-light logistics provider specializing in transportation solutions for temperature-sensitive products.
Private equity firm ChrysCapital has invested about $44.01 million in Indian consumer products maker CavinKare, writes Reuters. The investment will be used to strengthen and expand the brand portfolio of the south India-based consumer products company, CavinKare said, without disclosing further terms of the transaction.
Rexel's controlling shareholder Ray Investment has sold a 10 percent stake in the French electrical equipment supplier for 487.54 million euros ($635 million), as Ray's private equity owners further reduce their stakes, writes Reuters. It was the second recent sizeable Rexel stake sale by Ray, which is controlled by Clayton, Dubilier & Rice, Eurazeo, Bank of America Merrill Lynch and the Caisse des Depots et Consignations du Quebec.
Gladstone Investment Corporation has provided $8.75 million of debt and equity financing to Funko in support of the acquisition led by San Francisco-based private equity sponsor, Fundamental Capital in partnership with management. Gladstone Investment's affiliated company, Gladstone Capital Corporation also provided $8.75 million of debt and equity financing in support of the acquisition.
GTCR has simultaneously signed and closed the acquisition of Cable Management Associates, a subsidiary of privately held Etan Industries. The acquisition was completed through GTCR’s previously established partnership with Rural Broadband Investments.
Brookfield Capital Partners III, which is managed by Toronto-based Brookfield Asset Management, has acquired the Canadian logistics operations of Omaha, Nebraska's Millard Refrigerated Services Inc. The undisclosed deal, which closed in late May, has created a new company, Brookfield Cold Storage, with 16 million cubic feet of combined storage capacity in facilities in Calgary and Toronto. Brookfield's third partnership, which is focused on mid-market buyouts, turnarounds and other special situations, recently closed at $1 billion.
Welsh, Carson, Anderson & Stowe has sold Triple Point Technologies to ION Trading, sources tell peHUB.
New York-based private equity firm Clayton Dubilier & Rice is considering buying and merging the office maintenance units of Balfour Beatty's and Rentokil Initial's, the Financial Times reported on Monday.
AXA Private Equity and Spanish airport operator AENA are teaming up to bid for Abertis' 90 percent stake in London Luton Airport, Reuters reported Monday.