Bain Capital's attempts to woo LPs with varying fee structures is a sign of innovation other struggling GPs ought to copy.
CounterPoint Capital Partners has completed its acquisition of the assets of Qualy-Pak Specialty Foods Inc. Financial terms of the acquisition were not disclosed. The company is a processor of wetfish and other fresh and frozen seafood for distribution. Ocean Avenue Capital Partners partnered with CounterPoint in the transaction, the firm said. PRESS RELEASE CounterPoint […]
H.I.G. Capital has completed its acquisition of the correctional services business of Compass Group. Based in Tampa, Fla., the business, which operates under the brand names Trinity Services Group and Canteen Corrections, is one of the three largest providers of outsourced food service and commissary services to the corrections industry. Terms of the deal were […]
Vista Equity Partners has completed its acquisition of CDC Software. The deal was originally announced on March 20. Terms were not released. The company also announced that Monte Ford has been appointed to the newly created position of president of CDC Software. CDC Software is based in Atlanta. PRESS RELEASE Vista Equity Partners today announced […]
Specialty chemicals maker Cytec Industries Inc. said it made an offer valued at about $439 million for British aerospace parts supplier Umeco Plc, Reuters reported Thursday. The boards of both companies have unanimously approved the transaction. Cytec said it had received commitments from Umeco’s top three shareholders – BlackRock, Hermes and Aberforth – to vote […]
KKR & Co. has agreed to invest $65 million in China Cord Blood Corp., the two companies said in a joint statement on Thursday, the global private equity firm’s first healthcare investment in China. KKR’s investment through a convertible bond into China’s largest cord blood storage company will give the private equity firm about 24% […]
Alarm Capital Alliance and Norwest Venture Partners are teaming up as ACA, ranked #11 in the US residential security market, looks to bolster its portfolio. Morgan Keegan & Company served as financial advisor to ACA in this transaction. Sonya Brown and Rob Arditi of NVP will join ACA’s board of directors. Specifics were not publicized. […]
Today's peHUB First Read is a good one: explaining why NYC is tops for VC on the East Coast (hint: it takes a feminine touch), Leonard Green packing on the bucks, and why nobody wants to be a journalist.
Northstar said Wednesday that it has created and capitalized a new company called Northstar Offshore Group. Also, effective Feb. 1, Northstar has entered into letters of intent to buy producing assets in the Gulf of Mexico shelf and begin drilling. Northstar did not disclose the seller. Houston-based Northstar is an oil and gas production company […]
Granite Equity Partners is selling Atomic Learning to Boathouse Capital and Renovus Capital Partners, a pair of Pennsylvania-based private equity firms. The PE firms invested $19 million in subordinated debt along with Atomic Learning’s management and M&I Bank provided senior debt. Atomic Learning is a Minnesota-based education company providing technology to instructors. DLA Piper, advised […]