Kidd & Co., a middle-market investment firm, has sponsored the recapitalization of Numet Machining Techniques Inc. in partnership with founding shareholders Mark Roscio and Tony Neto. Stratford, Conn.-based Numet is a manufacturer of precision machined parts, kits, and assemblies for jet turbine engines for commercial and military aircraft. Terms were not released.
Buyout firm Lone Star is selling its entire stake in PGM Holdings, one of Japan's largest golf course operators, for 39.5 billion yen ($521 million), Reuters reported. Lone Star has agreed to sell the 64% stake to Japanese "pachinko" pinball machine maker Heiwa Corp.
The New York-based private equity firm MidOcean Partners has acquired Global Knowledge, a Cary, N.C.-based company that annually provides business training to more than 250,000 people within companies and government organizations via training centers and the Internet. Terms of the deal were not disclosed. PRESS RELEASE: MidOcean Partners (“MidOcean”), a leading private equity firm, announced […]
Monarch Alternative Capital has agreed to invest $50 million equity in Veritas Financial Partners. Veritas, of Boca Raton, Fla., provides senior secured loans to middle market businesses.
Bacchus Capital Management has invested in Sbragia Family Vineyards, a California (Dry Creek Vaelly) winemaker. Financial terms weren't announced. Bacchus is a San Francisco PE firm that invests in the wine industry. Sam Bronfman II, Peter S. Kaufman and Henry F. Owsley co-founded Bacchus in 2007. Bronfman is the former chairman of Diageo Global Wines and the ex-president of Seagram Chateau and Estate Wines.
Today, we do have an interesting deal. An investor group comprised of General Atlantic, Robert Bass and senior management has bought a minority stake in Oak Hill Advisors. iStar Financial, a REIT, was the seller, according to a statement. Financial terms weren't announced. Oak Hill Advisors, which has $12.8 billion of capital, is a distressed investor. iStar Financial acquired the stake in 2005. With the sale, Oak Hill's management increases its majority holding while GA, with Bass, comes in as minority investors.
This just in. Lynn Tilton, the head of Patriarch Partners, will be on 20/20 later this week talking to Barbara Walters. No, the show won't be on PE execs that "scream and spit." Instead, the episode will be "Inside the Lives of the Super Rich." Tilton, according to 20/20, owns more companies than any woman in America. There are some promo shots of Tilton and Walters smiling together as well as Tilton showing off her major shoe collection.
New York buyout shop Metalmark Capital has acquired a majority stake in Glen Allen, Va.-based Bostwick Laboratories Inc., the firm announced Tuesday. Financial terms of the deal were not disclosed. Bostwick Laboratories is a provider of urologic anatomic pathology laboratory services. The Metalmark investment will help Bostwick with growth efforts and to expand development of its pathology laboratory services, which specialize in the monitoring and diagnosis of cancer.
Toronto-based online food ordering service Just-Eat Canada Inc. has acquired competitor GrubCanada Inc. Terms of the deal were not released. The Just-Eat Group, which operates across 13 countries, was formed in 2000 and is backed by $48 million from investors including Greylock Partners, Index Ventures and Redpoint Ventures.
YourEncore, the maker of an enterprise platform focused around research, development and commercialization challenges, has sealed an undisclosed amount from Accel-KKR, the company announced Tuesday. The money will be used for expansion efforts.