BlueMountain provides capital to GLS

By Iris Dorbian — 1 day ago

BlueMountain Capital Management LLC has agreed to provide equity finding to Greenville, South Carolina-based Global Lending Services LLC, a national non-prime auto finance lender. No financial terms were disclosed. Also, BlueMountain is providing a loan purchase facility to GLS. According to the latter, the capital infusion will be used to fund future GLS originations.

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PE-backed Fulcrum buys PTR

By Iris Dorbian — 1 day ago

Fulcrum IT Services LLC, a portfolio company of Boyne Capital and Grindstone Partners, has acquired The PTR Group, a provider of software engineering, cyber security, real-time and embedded systems, internet of things engineering, software defined networking and machine to machine engineering solutions. No financial terms were disclosed.

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Gauge recaps CompEye

By Iris Dorbian — 1 day ago

Gauge Capital LLC has recapitalized Las Vegas-based Comprehensive EyeCare Partners, a vision care management services organization. No financial terms were disclosed. As part of the investment, Whitney Bowman, Drew Johnson and Daniel Gedney from Gauge have joined CompEye’s board of directors. Brentwood Capital Advisors provided financial advice to CompEye on the transaction.

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Water Street and JLL to buy Dohmen Life Sciences Services

By Iris Dorbian — 1 day ago

Water Street Healthcare Partners and JLL Partners have agreed to acquire Milwaukee-based Dohmen Life Sciences Services, which provides biopharmaceutical and medical device companies with services in the areas of patient support, supply chain, compliance, finance and technology. The seller is The Dohmen Company. No financial terms were disclosed.

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Heitman buys multistate medical office portfolio

By Iris Dorbian — 1 day ago

Heitman LLC, a real estate investment management firm, has acquired a multistate medical office portfolio known as the PHT portfolio. The seller was Bentall Kennedy. JLL Capital Markets represented Bentall Kennedy on behalf of a state pension fund. No financial terms were disclosed. NexCore Group will manage and lease the properties.

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PE-backed Applied-Cleveland acquires Encompass and Perennial

By Iris Dorbian — 1 day ago

Applied-Cleveland, a portfolio company of First Reserve, has made two acquisitions: Encompass Energy Services, a provider of infrastructure surveying, drafting, GIS and right-of-way services, primarily for pipeline infrastructure operators across North America; and Perennial Environmental Services LLC, a provider of environmental consulting and inspection services, also for pipeline infrastructure operators. No financial terms were disclosed. D.A. Davidson served as financial adviser to Encompass while GulfStar Group did likewise for Perennial.

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Cognate BioServices completes MBO and attracts funding

By Iris Dorbian — 1 day ago

Hanover, Maryland-based Cognate BioServices, a contract development and manufacturing organization in the global cellular therapies industry, has raised an undisclosed amount of funding. The investors included Tennenbaum Capital Partners LLC, Medivate Partners and an unnamed sovereign wealth fund. Also, Cognate has completed a management buyout.

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PE-backed NMI buys Creditcall

By Iris Dorbian — 1 day ago

NMI, which is backed by Francisco Partners and Great Hill Partners, has acquired New York and Bristol, England-based Creditcall, an omnichannel payment gateway and EMV solutions provider. No financial terms were disclosed.

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Sun Hydraulics Corp to buy Faster Group shares for about $531 mln

By Iris Dorbian — 1 day ago

Sun Hydraulics Corp has agreed to acquire the shares of Faster Group, a Milan, Italy-based maker of quick-release hydraulic coupling solutions, for about $531 million in cash. The seller was Capvis Equity Partners. The deal is expected to close in the second quarter of 2018. Baird was financial adviser to SNHY on the transaction.

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