Avista Capital-backed Telular completes Reltima and GPS North America acquisitions

Telular Corporation, a portfolio company of Avista Capital Partners, has closed its previously announced buy of Reltima and GPS North America. No financial terms were disclosed. Media Venture Partners advised Reltima and GPS North America on the transaction while Kirkland & Ellis LLP advised Telular and Avista. Based in Woburn, Massachusetts, Reltima is a provider of solutions for GPS fleet tracking and fleet performance optimization aimed at light duty vehicle fleets. Langhorne, Pennsylvania-based GPS North America is Reltima’s largest distribution partner.

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Avista Capital to sell Amored AutoGroup for $1.4 bln

Spectrum Brands Holdings Inc. said late Tuesday it agreed to buy Armored AutoGroup Parent Inc. for $1.4 billion in cash and debt. The seller is Avista Capital Partners. Armored AutoGroup is a consumer products company comprised mainly of two brands, ArmoredAll and STP. Credit Suisse, Deutsche Bank and Jefferies are providing debt financing. Credit Suisse Securities (USA) LLC and Deutsche Bank AG provided financial advice to Spectrum while J.P. Morgan Securities LLC advised Armored AutoGroup.

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Advent and Avista to acquire KU for $1.525 bln

Advent International and Avista Capital Partners have agreed to buy Kremers Urban Pharmaceuticals for $1.525 billion. The transaction is expected to be completed by the first quarter of 2015. Credit Suisse Securities, Morgan Stanley, Goldman Sachs and Jefferies are providing the financing for the transaction as well as serving as financial advisors to Advent and Avista. Also, Avista’s Brian Markison has been named president and CEO of KU. He is succeeding George Stevenson, who is leaving KU to pursue other interests. KU is UCB’s generic subsidiary in the U.S.

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PE-backed Clarity Telecom completes buy of WOW!’s broadband assets in South Dakota, Minnesota and Iowa

Clarity Telecom, which is backed by Pamlico Capital, has closed its buy of WOW!’s broadband assets in South Dakota, Minnesota and Iowa. No financial terms were disclosed although earlier news reports pegged the amount for approximately $262 million in cash. GE Capital and SunTrust Robinson Humphrey helped fund the transaction. WOW!, which is owned by Avista Capital Partners, is a provider of high-speed Internet, cable TV, and phone service in Illinois, Michigan, Indiana and Ohio.

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Graham Whaling joins Avista as energy industry exec

Avista Capital Partners has appointed Graham Whaling as an industry executive focused on energy investments. Whaling was recently CEO of Parkman Whaling, an oil and gas investment banking advisory firm that he co-founded in 2007.

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PE-owned LMI files for IPO

Lantheus Holdings, the parent company of LMI, has filed for an IPO. The number of shares that will be sold as well as the stock’s pricing terms have yet to be set. The stock will trade on the NASDAQ under the ticker symbol “LNTH.” Citigroup Global Markets and Jefferies are serving as the lead underwriters. Headquartered in North Billerica, Mass., LMI, which is owned by Avista Capital Partners, is a maker of diagnostic imaging agents.

Blue Sage Capital promotes two to vice president

Austin, Texas-based private equity firm Blue Sage Capital has promoted Jonathan Pearce and Eric Weiner to vice president. Previously, Pearce worked at Avista Capital Partners while Weiner joined Blue Sage Capital in August 2013 after receiving his MBA from the Stanford Graduate School of Business.

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Pamlico-backed Clarity buys South Dakota cable properties for about $262 mln

Clarity Telecom, which is backed by Pamlico Capital, has agreed to acquire WOW!’s Rapid City and Sioux Fall, South Dakota broadband assets for approximately $262 million in cash. The transaction is expected to close in the late third or early fourth quarter of 2014. RBC Capital Markets was financial advisor to WOW! on the deal. WOW!, which is owned by Avista Capital Partners, is a provider of high-speed Internet, cable TV, and phone service in Illinois, Michigan, Indiana and Ohio.

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Laredo Energy snags $130 mln

Laredo Energy said Wednesday that it has received $130 million in private equity commitments from Avista Capital Partners and Liberty Energy Holdings, which is managed by Old Ironsides Energy. According to the company, the financing will be used to support its drilling program. Laredo Energy acquires and develops natural gas and oil reserves in South Texas and East Central Texas.

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Avista invests in SEACOR

Avista Capital Partners has acquired a non-controlling ownership stake in SEACOR for approximately $150 million in cash. Based in Fort Lauderdale, Florida, SEACOR is a provider of marine transportation equipment and logistics solutions.

Water Street appoints Katie Ossman to VP

Water Street Healthcare Partners, a strategic investor focused on the healthcare industry, has appointed Katie Ossman to vice president. Ossman will support Water Street with identifying new investment opportunities, and developing and implementing strategic plans to expand its group of health care companies. Prior to Water Street, Ossman worked as an associate with Avista Capital Partners, where she focused on investments in the health care, consumer and industrials sectors.

John Cannon Named Acting CFO of ConvaTec

ConvaTec, a privately-held developer and marketer of innovative medical technologies, has named John Cannon as acting chief financial officer of the company. Cannon succeeds Edward Borkowski, who has left the company, which is owned by Nordic Capital and Avista Capital Partners.

ACP in Cash Tender Offer for Telular Shares

Avista Capital Partners has commenced the previously announced cash tender offer for all outstanding shares of common stock of Telular Corporation at a price of $12.61 net per share, without interest and less applicable withholding taxes thereon. Telular Corporation provides remote monitoring and asset tracking solutions for business and residential customers.

Avista Sells Anthony to Dover

Avista Capital Partners has completed the sale of Anthony International to Dover Corporation for $602.5 million. Anthony is a global manufacturer of glass doors and related products serving the global commercial refrigeration market.

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