FFL to sell garage doors maker CHI to KKR

KKR is buying Arthur, Illinois-based C.H.I. Overhead Doors, a maker of residential and commercial garage doors. The seller is FFL. No financial terms were disclosed. Barclays and Credit Suisse provided financial advice to CHI and FFL on the transaction.

May 16, 2015; Baltimore, MD, USA; Victor Espinoza aboard American Pharoah celebrates winning the 140th Preakness Stakes at Pimlico Race Course. Mandatory Credit: Peter Casey-USA TODAY

PE HUB Second Opinion

In Second Opinion, Stifel is planning on buying former Lehman brokerage from Barclays, Apple unveils iOS 9 as well as a new music service at its annual Worldwide Developers Conference and American Pharoah’s Triple Crown win is supposedly a bad omen for stocks.


2x Partners exits Preferred Brands International

2x Consumer Products Growth Partners has sold its stake in Preferred Brands International while Kagome Co. Ltd has acquired a majority stake in it. No financial terms were disclosed. Barclays was financial advisor to Preferred Brands on the transaction. Based in Stamford, Connecticut, Preferred Brands is a maker of food products under the TASTY BITE brand.


Apollo agrees to buy Protection 1 and ASG Security

Apollo Global Management LLC has agreed to acquire two security monitoring companies Protection 1 and ASG Security. No financial terms were disclosed for the transaction that is expected be completed in mid-2015. Both companies will merge and operate under the Protection 1 brand. Credit Suisse, Barclays, Deutsche Bank, Jefferies and RBC are providing the financing for the deal. Morgan Stanley and Raymond James are providing financial advice to Protection 1 while Goldman Sachs is doing likewise for ASG Security.

GTCR closes Fundtech sale

GTCR said Friday it closed its sale of portfolio company, Fundtech, to DH Corp. The deal was valued at about $1.25 billion New York-based Fundtech provides software that facilitates payment processing, cash management, and financial messaging products for financial institutions and corporate customers. Barclays and RBC Capital Markets LLC advised Fundtech.


Permira to sell Iglo Group to Nomad for 2.6 bln euros

Permira has agreed to sell Iglo Foods Holdings Limited to Nomad Holdings Limited for 2.6 billion euros. The deal is expected to close in the second quarter of this year. Centerview Partners was exclusive financial advisor to Permira while Barclays and UBS Investment Bank were financial advisors to Nomad. Europe-based Iglo Group is a provider of frozen food.


CCMP-backed Milacron files to go public

Milacron Holdings Corp. has filed to raise up to $100 million via initial public offering. Milacron is a Cincinnati-based plastics processing and industrial fluids company that is owned by CCMP Capital Advisors. Milacron did not disclose the shares it would offer or their price range. BofA Merrill Lynch, Barclays and J.P. Morgan are acting as joint lead book-runners on the IPO.


GTCR to sell Fundtech to DH Corp. for $1.25 bln

GTCR said Monday that it has agreed to sell Fundtech to DH Corp. for about $1.25 billion cash. The deal is expected to close in second quarter. New York-based Fundtech provides transaction banking software and services. Barclays and RBC Capital Markets LLC provided financial advised to Fundtech.


peHUB Second Opinion

In Second Opinion, Connecticut is reported to ban state-funded travel to Indiana over anti-gay law, Jay-Z relaunches new Tidal music service and George Soros says he will invest $1 billion in the Ukraine if the West helps.


Carlyle closes two CLO funds at about $1.2 bln

The Carlyle Group has closed two CLO funds in the U.S. and Europe at about $1.2 billion. Morgan Stanley arranged the $670  million U.S. CLO while Barclays arranged the $527 million European CLO. Both CLOs will focus mostly on senior secured bank loans.


Centerbridge completes IPC acquisition

Centerbridge Partners has closed its previously announced buy of IPC Systems, a Jersey City, New Jersey-based provider of network services and trading communication technology for the financial markets. No financial terms were disclosed although previous reports said the price of the transaction would be about $1.2 billion. The seller was Silver Lake Partners. Evercore and Goldman Sachs advised IPC while Barclays and Credit Suisse Securities (USA) LLC advised Centerbridge.


Forbes Private Capital hires Barclays executive Maureen Kerr

Maureen Kerr has joined Forbes Private Capital Group as a senior managing director in its New  York office. Kerr will be responsible for insurance coverage in the Americas, Europe and Asia. Prior to Forbes, she worked as a director with Barclays where she developed and managed the Japanese Yen private placement platform.


Madison Dearborn Partners to acquire Walgreens Infusion Services

Madison Dearborn Partners has agreed to buy a majority stake in Walgreens Infusion Services, a provider of home and alternate treatment site infusion services. No financial terms were disclosed for the transaction that is expected to close during the second quarter of calendar 2015. BofA Merrill Lynch provided financial advice to Walgreen Co. while Barclays, Deutsche Bank and Goldman Sachs advised MDP.

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