PowerPlan Consultants Inc., an Atlanta-based maker of financial management software for asset-intensive industries, has raised an undisclosed amount of private equity funding from TPG Growth and JMI Equity.
HDT Engineered Technologies, a portfolio company of Metalmark Capital, has acquired Nordic Air Inc., a Geneva, Ohio-based maker of air conditioning and ventilation equipment for industrial and military applications. No financial terms were disclosed.
Nautic Partners has sponsored a recapitalization of Healthcare Payment Specialists LLC, a Ft. Worth, Texas-based provider of healthcare payment and reimbursement solutions. No financial terms were disclosed for the deal, which was done in partnership with company management.
LONDON (Reuters) – Private equity group BC Partners has acquired a 65.6 percent stake in French domestic cleaning products manufacturer Spotless Group from AXA Private Equity, AXA PE said in a statement on Wednesday. The deal could be worth around 600 million euros ($819 million), a source close to the deal told Thomson Reuters LPC. […]
NEW YORK (Reuters) – Walgreen Co (WAG.N) will buy Duane Reade for $618 million in cash, catapulting the largest U.S. drugstore operator into the top spot in the New York City area. Duane Reade is owned by private equity firm Oak Hill Capital Partners LP and operates 257 drugstores in the New York metropolitan area. […]
RW Capital Partners is raising $50 million for a fund that would provide loans to small businesses. If successful, the fund could be eligible for a $100 million SBIC match.
Canon Communications LLC, a Los Angeles-based B2B publisher and event organizer, has acquired four media brands focused on the U.S. advanced design engineering sector, from Reed Business Information-US. No financial terms were disclosed. The brands are: Electronic Design News (EDN), Design News, Test & Measurement World and Packaging Digest. Canon is a portfolio company of Apprise Media, which in turn is controlled by Spectrum Equity Investors.
Castle Harlan has completed its acquisition of a majority stake Pretium Packaging LLC, a Chesterfield, Mo.-based maker of specialty plastic containers for the food, pharma, personal-care and household markets. Company founder Keith Harbison retained a minority position. As part of the deal, Pretium Packaging acquired the parent of Novapak Corp. from Kirtland Capital Partners. The total transaction was valued at $200 million.
InStar Services Group, a portfolio company of BlackEagle Partners, has acquired Horizon Restoration Inc., a Denver-based provider of disaster restoration services. No financial terms were disclosed.
Bruckmann, Rosser, Sherrill & Co. has completed its purchase of $25 million of convertible preferred stock in Ruth’s Hospitality Group Inc. (Nasdaq: RUTH), owner of several restaurant concepts including Ruth’s Chris Steak House. Proceeds will be used to pay down an existing credit facility.