Expedition travel company Lindblad appoints Aronson to board

New York City-based Lindblad Expeditions Holdings Inc, a provider of expedition cruises and adventure travel, has named Bernard W. Aronson to its board of directors. Aronson is a founding partner of ACON Investments LLC and U.S. special envoy to the Columbian peace process, as appointed by President Obama.


ACON combines Intecplast and Pieriplast to form Amfora Packaging

ACON Investments LLC said Wednesday that it completed the buys of Intecplast S.A.S. and Pieriplast S.A.C. The two companies will be consolidated under the holding company, Amfora Packaging S.A.S., a pan-Andean plastic packaging companies with more than 800 employees and production facilities in Lima, Peru and Bogota, Colombia. Jose Alejandro Arango, the CEO of Intecplast, will become Amfora’s CEO, while Renato Pierinelli, founder and former CEO of Pieriplast, will have an equity stake in Amfora and will become both the Chief Technical Officer and Chairman. The investment comes from ACON’s fourth pool of capital for Latin America, ACON Latin American Opportunities Fund IV L.P.


ACON buys Fiesta Mart

ACON Investments LLC said Wednesday it has acquired Fiesta Mart LLC. Financial terms weren’t announced. Fiesta is a Hispanic grocery chain in the United States with 60 stores throughout Texas. ACON said it also has hired Michael Byars as President and CEO of Fiesta. The Food Partners provided financial advice to ACON while Lazard advised Fiesta.


SuzoHapp buys Scan Coin: UPDATED

SuzoHapp, which is backed by Acon Investments LLC, said late Monday it completed its buy of Scan Coin. Financial terms weren’t announced. Malmö, Sweden-based Scan Coin provides advanced cash handling technologies, software and services. Cerberus Business Finance LLC and PNC Bank provided financing. UPDATE: Sellers include Segulah and Rempo AB. Vinay Ghai, of Baird Global Investment Banking, provided financial advice to Scan Coin.


GTCR and Adams Outdoor to acquire Fairway

GTCR has teamed up with Adams Outdoor to buy outdoor advertising firm Fairway Media Group. The sellers are ACON Investments and MidOcean Partners. No financial terms were disclosed. Moelis & Co. provided financial advice to Fairway on the transaction while Deutsche Bank Securities Inc was M&A advisor to GTCR. Newstone Capital Partners provided mezzanine debt financing for the deal.


ACON-backed Igloo completes Cool Gear acquisition

Igloo Products Corp., a portfolio company of ACON Investments, has closed its acquisition of Cool Gear International. No financial terms were disclosed. Also, Igloo has hired Mark Parrish as president. Parrish is replacing Gary Kiedaisch. Cool Gear is a provider of food storage and personal hydration bottle solutions.


Chuck E. Cheese buys Peter Piper Pizza

CEC Entertainment, which is backed by Apollo Global Management, has acquired Peter Piper Pizza. Financial terms weren’t announced. The seller is ACON Investments. Peter Piper is a pizza and entertainment restaurant chain that operates 32 company-owned locations and 115 franchises in the southwestern U.S. and Mexico. North Point Advisors provided financial advice to Peter Piper.


PE-owned Suzo-Happ completes Comesterogroup acquisition

Suzo-Happ, which is owned by Acon Investments, has closed its buy of Comesterogroup. No financial terms were disclosed. Headquartered outside Milan, Comesterogroup is a provider of electronic payment solutions and self-service equipment.


ACON Investments closes Latin America fund on $515 mln

ACON Investments has closed ACON Latin America Opportunities Fund IV on $515 million. In May, the firm also closed on the issuance of about $150 million of Mexican publicly traded trust certificates called Certificados de Capital de Desarrollo (CKD). The fund, along with the CKD and co-investment potential, brings ACON’s total capital potential to more than $600 million for pan-regional middle market private equity investments. Stanwich Advisors worked as placement agent on the fundraising.

ACON acquires Igloo

Cooler manufacturer Igloo Products Corp has been acquired by an affiliate of ACON Investments. ACON purchased Igloo from J.H. Whitney, a Connecticut-based private equity firm, which will maintain a small stake in the company.

A full moon rises behind the Empire State Building and the Chrysler Building over the skyline of Manhattan in New York

New York City Makes Mammoth $1.1B In PE Commitments

The New York City Retirement Systems, the $127 billion group of municipal pensions overseen by the city comptroller’s office, made an impressive $1.1 billion in commitments to five private equity funds in the first quarter, according to Stephanie Hoo, a senior press officer. According to sister magazine, Buyouts, the funds are managed by The Carlyle Group, Platinum Equity…

Pfingsten Partners Sells Suzo-Happ to ACON Investments

ACON Investments has acquired Suzo-Happ Group from Pfingsten Partners. Financial terms weren’t announced. Mount Prospect, Ill.-based Suzo-Happ supplies components and accessories to the gaming, amusement and industrial markets. PNC Bank and Cerberus Business Finance provided financing. Brian Richards and Kimberly Smith of Paul Hastings represented Pfingsten. PRESS RELEASE ACON Equity Partners III, L.P., a private […]

Fairway Outdoor Merged with Olympus Media

ACON Investments and MidOcean Partners have merged portfolio companies, Fairway Outdoor Advertising and Olympus Media. Financial terms were not announced. The combined company, Fairway Media Group, of Greenville, S.C., has more than 21,300 bulletin and poster displays in 17 states across the Southeast and Midwest. PRESS RELEASE ACON Investments and MidOcean Partners announced today that […]

ACON Backs Hidrotenencias

ACON Latin America Opportunities Fund, a private equity fund managed by an affiliate of ACON Investments has acquired a controlling stake in Panama-based Hidrotenencias. ACON led a consortium of co-investors including the Netherlands Development Finance Company and Société de Promotion et de Participation pour la Coopération Economique. Hidrotenencias owns three hydroelectric projects located in the […]

D.C. Shop Raises $400M

ACON Investments has raised $400 million so far for its latest fund, sister publication Buyouts reported, citing a source close to the effort. The haul puts the Washington, D.C-based firm well on its way to its $600 million target. The firm started reaching out to potential new investors for the fund, ACON Equity Partners III […]

TPG To Open Houston Office

TPG Capital expects to open an office in Houston next month, a source told Buyouts. It’s hardly a geographic leap, considering TPG is based in Fort Worth. But it’s indicative of the firm’s heightened interest in energy and power, among the most popular sectors for PE firms of late. From Oct. 1, 2009 through Sept. […]

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