Polaris Private Equity has acquired HTC Sweden, a global developer and manufacturer of professional floor grinding systems and floor solutions. Polaris has acquired the company from Håkan and Gunn Thysell. 3i Group and former management, who held 40%, have also sold their interest in the company to Polaris.
GTCR has acquired NewWave Communications from Pamlico Capital. The acquisition was completed through GTCR’s previously established partnership with Rural Broadband Investments.
Medical device maker Theragenics Corp said it had received a takeover offer of $69.9 million to $71.4 million from Juniper Investment Co, representing a premium of 51-54 percent to its closing stock price on Friday.
Emerald Oil also announced it would sell 10 million shares of common stock in a secondary offering. Emerald Oil has agreed to issue and sell 19.9% of common stock, including warrants held by White Deer, to the energy private equity firm. The closing of the White Deer private placement is scheduled occur within 10 days of the public offering. Denver-based Emerald Oil is an independent exploration and production operator.
The Carlyle Group has acquired a minority stake in Al-Nabil Food Industries Co. Ltd. The founding Rassam family will continue to hold a majority stake. Financial terms of the deal, which closed May 13, were not announced. Nabil produces more than 200 frozen and chilled food products including beef and chicken burgers.
Private equity firm CVC Capital Partners has been given an extra 24 hours to commit to a firm bid for online gambling company Betfair, in what would be the biggest deal taking a British listed company private in more than a year, Reuters is reporting.
Brentwood Associates said Monday it has completed a dividend recap of two of its portfolio companies: K-Mac Holdings and Paper Source. The K-Mac dividend was financed through excess capacity under the company’s existing $252 million credit facility, Brentwood said. Paper Source, meanwhile, took out a new $50 million loan to finance its dividend, Brentwood said. Brentwood's stake in both companies remains unchanged. Golub Capital provided financing for the Paper Source recap. Bank of America Merrill Lynch, Wells Fargo Bank, and SunTrust Robinson Humphrey were joint lead arrangers on the senior debt financing for K-Mac.
ATK will buy Caliber Company, a portfolio company of Norwest Equity Partners, for $315 million cash. Caliber is the parent of Savage Sports Corp., which makes hunting rifles and shotguns.
Golub Capital said Monday that it provided a $75 million second lien term loan and $4 million in co-investment equity to support Frazier Healthcare's buy of AndersonBrecon. AndersonBrecon, which has facilities in Rockford, Ill. and the U.K., provides packaging services.
AmerisourceBergen Corp. said Monday that it has completed the sale of AndersonBrecon to an investor group led by Frazier Healthcare. The purchase price was $308 million. The investor group includes Greenspring Associates, QIC Global Private Equity, and Thomas McNerney & Partners. AndersonBrecon, which has facilities in Rockford, Ill. and the U.K., provides packaging services.