ABRY Partners has acquired Basefarm AS, a provider of managed hosting services with operations spanning Norway, Sweden and the Netherlands. International consulting firm BroadGroup conducted the commercial due diligence for ABRY Partners.
Tonka Bay Equity Partners has made an investment in Engineered Specialty Products. Tonka Bay partnered with current management in this transaction. ESP is Tonka Bay’s third investment from its recently formed third fund, with $150 million in available capital.
Monroe Capital has announced the funding of a unitranche credit facility and equity co-investment to support the recapitalization of PLAYTIME by private equity sponsor, Geneva Glen Capital. Based in Englewood, Colo, PLAYTIME is a provider of interactive healthy play areas and playground equipment for indoor, outdoor and water play.
GE Healthcare, a division of GE Company has closed its investment in InSightec. At the closing, InSightec had also appointed Mr. James Davis as the new chief executive officer of InSightec.
HitecVision has sold Spring Energy AS to Tullow Oil for $372.3 million. Spring Energy is an oil and gas company established in October 2007 by a group of exploration & production professionals with experience from the Norwegian Continental Shelf.
Telescope, the US business of Harvest Media Group has been sold to a management buyout backed by H.I.G. Growth Partners, Moorgate Partners and the US management team. Harvest Media provides voting and other marketing services to UK shows such as The X-Factor, Strictly Come Dancing and Britain’s Got Talent.
Prism Medical Ltd., a provider of durable medical equipment and related services to the mobility disadvantaged, announced an agreement to buy the manufacturing assets of Burnsville, Minn.-based MedCare Products Inc. As part of the same transaction, Mississauga-based Prism will for 10 years be an exclusive supplier to MedCare's on-going business. Since 2004, Prism has been backed by private equity investor Yellow Point Equity Partners.
In its second retail-focused deal this month, Canadian mid-market buyout firm Novacap announced it has acquired a stake in Pipp Mobile Storage Systems Inc., a provider of management solutions for customer-specific storage needs. Walker, Michigan-based Pipp Mobile was sold to Novacap by Chicago private equity investor Prospect Partners, which acquired the company in 2005. Last week, Novacap entered into an agreement to acquire Saint-Laurent, Québec-based luggage retailer Bentley Leathers Inc.
Lone Star Investment Advisors has sold Petroplex Acidizing to One Rock Capital Partners. Based in Midland, Texas, Petroplex is a provider of acidizing and chemical stimulation treatments for oil, gas and injection wells. The sale of the company resulted in a 50% IRR and 6.24x cash-on-cash return to Lone Star, the firm announced.
Golden Gate Capital has completed its acquisition of Ex Libris Global Holdings, a provider of library automation technology. Under the new ownership, Ex Libris will remain an independent business based in Jerusalem, run by the current management team. Terms of the transaction were not released.