UK generalist investor NVM Private Equity has invested 6 million pounds ($9.6 million) to support the management buyout of Volumatic from Halma. Volumatic is a UK-based provider of intelligent cash handling products to the UK and international markets. Its customers include UK retailers, supermarket chains, leisure operators and banks including Wilkinson, Tesco, WH Smith, Lloyds […]
Apollo Global Management said Monday that it has completed its buy of Stone Tower Capital. Financial terms weren’t announced. Stone Tower is an alternative credit manager with about $18 billion AUM. PRESS RELEASE Apollo Global Management, LLC (NYSE: APO) and its subsidiaries (collectively “Apollo”) today announced that they have completed the acquisition of Stone Tower […]
Levine Leichtman Capital Partners has bought McKenzie Sports Products from Gridiron Capital. The deal closed March 30. Financial terms weren’t announced. News of the sale was announced by Harris Williams which advised Gridiron. McKenzie makes and distributes taxidermy supplies. PRESS RELEASE Harris Williams & Co., a preeminent middle market investment bank focused on the advisory […]
Avon may have rejected Coty's $10 bln offer but the deal may signal the return of the mega LBO.
Sterling Partners, a Chicago-based private equity firm, has acquired Desert Industrial X-Ray, a privately held non-destructive testing company. Going forward, Desert Industrial will operate as Desert NDT, which will include all of the company’s operations, facilities, equipment, management and field personnel. Financial terms of the transaction were not disclosed. PRESS RELEASE Desert Industrial X-Ray, L.P., […]
Comvest Group, through its Comvest Investment Partners IV fund, announced Monday that it is investing $60 million as part of a deal to acquire a controlling interest in mobile broadband company Tekelec. Through a consortium including Siris Capital Group, GSO Capital Partners, Sankaty Advisors, ZelnickMedia and other Siris limited partners and affiliates, the transaction is […]
Conduit Capital Partners has agreed to exit its stake in the Peruvian pipeline project Gasoducto Andina del Sur. The firm is selling its stake to Odebrecht, the Brazilian construction conglomerate. Terms of the deal were not released. The project is a 1,100-kilometer gas pipeline running from the Camisea fields to the southern region of Peru, […]
Middle-market buyout shop Calera Capital has made a “significan investment” in mattress retailer Sleepy’s as part of a recapitalization. Terms were not released. Sleepy’s is based in Hicksville, N.Y. PRESS RELEASE Calera Capital, a leading middle-market private equity firm, announced today that, in partnership with management, it has completed a significant investment in Sleepy’s, the […]
Boca Raton, Fla.-based Sun Capital Partners has exited its investment in Sonneborn Inc., selling the company to One Equity Partners. Terms of the deal were not released. Sonneborn, based in Parsippany, N.J., was acquired in June 2005 in a corporate carve-out transaction. The company is a supplier of white oils, petrolatums, waxes and other hydrocarbon […]
KKR & Co. said it will buy some energy assets straddling parts of Texas and Oklahoma from WPX Energy for $306 million — the private equity firm’s latest acquisition of properties that have become cheaper due to weak natural gas prices, Reuters wrote Monday. The deal has been made through KKR Natural Resources, which is […]