Carr Management, a portfolio company of Behrman Capital, has acquired Turners Falls, Massachusetts-based Hillside Plastics, a maker of blow-molded containers. No financial terms were disclosed.Continue
CC Industries Inc has acquired Selig Sealing Holdings from Behrman Capital. No financial terms were disclosed. Lazard Middle Market provided financial advice to Selig on the transaction while William Blair advised Selig’s board of directors. Based in Naperville, Illinois, Selig is a maker of tamper-evident, induction cap and closure liners.Continue
Behrman Capital has recapitalized portfolio company Data Device Corp for $515 million. Based in Bohemia, New York, DDC is a provider of connectivity, power and control solutions for the aerospace, defense and industrial sectors.Continue
Data Device Corp., a portfolio company of Behrman Capital, has bought Emrise Electronics, the electronic devices group of Emrise Corp. No financial terms were disclosed.Continue
Pelican Products said Monday that Stephan Corti was named President of its Commercial (Industrial, Fire Safety, Law Enforcement) and Government Division, while Bob Shortt was appointed President of the Consumer Division. Pelican is a portfolio company of Behrman Capital.Continue
Behrman Capital said Monday that it has acquired BECO Holding Company from Freeman Spogli. No financial terms were disclosed. Harris Williams served as financial advisor to BHC on the transaction. Headquartered in Charlotte, NC, BHC is a provider of first-response fire protection equipment and related parts.Continue
Behrman Capital has completed a $410 million refinancing for its portfolio company ILC Industries. The new credit facility is comprised of a $300 million first lien term loan, a $30 million revolving credit facility, and an $80 million second lien term loan.Continue
ILC Dover, a portfolio company of Behrman Capital, has acquired JetSolutions SA. No financial terms were disclosed. Based in Rossens, Switzerland, JetSolutions is a provider of powder and liquid mixing solutions.Continue
The Canada Pension Plan Investment Board has become something of a white knight for a [...]Continue
New York and San Francisco-based private equity firm Behrman Capital said Tuesday that it has recapitalized Pelican Products for $570 million. Credit Suisse and Morgan Stanley were co-bookrunners on the transaction. Pelican Products is a producer of high-performance case solutions and advanced portable lighting systems.Continue
Behrman Capital portfolio company Pelican Products, a designer and manufacturer of high-performance protective case solutions and advanced portable lighting systems, has acquired Minnesota Thermal Science. Financial terms of the transaction were not disclosed.Continue
ILC Dover, a Frederica, Delaware-based designer and maker of a wide range of highly engineered fabric and products — including space suits for NASA — has acquired Grayling Industries, an Alpharetta, Georgia-based maker of advanced industrial packaging products. Terms of the deal were not disclosed. ILC Dover is a portfolio company of Behrman Capital, a private equity firm with offices in New York and San Francisco.Continue
Ark Holdings Inc., which owns skilled nursing homes, has acquired HMR Advantage Health Systems, a South Carolina-based owner and operator of long-term care centers. The deal was valued at $143.8 million. Ark Holdings is backed by Behrman Capital. HMR provides post-operative therapy to long-term skilled nursing. The company has 21 centers across South Carolina, North Carolina and Georgia. Behrman Capital established Memphis, Tenn.-based Ark Holdings in July 2007.Continue
Ark Holdings Inc., which is backed by New York and San Francisco-based buyout firm Behrman Capital, has acquired HMR Advantage Health Systems for $143.8 million. Easley, South Carolina-based HMR is an owner and operator of long-term care centers. Ark Holdings owns skilled nursing homes, and is based in Memphis, Tenn.Continue
Birmingham, Ala.-based Atherotech, a developer of a novel cholesterol test that was spun out of the University of Alabama, has been acquired by the New York-based investment firm Behrman Capital. Terms of the deal weren’t disclosed. PRESS RELEASE: Behrman Capital, a private equity investment firm based in New York and San Francisco, today announced that it […]Continue
Behrman Capital completed a dividend recapitalization for Data Device Corp. and a tax-free spin-off of ILC Dover to existing shareholders. The Data Device recapitalization consisted of a $300 million six-year term loan and a $30 million five-year revolving credit facility. Credit Suisse and GE Capital Corp. led the recapitalization. Behrman together with Clifford Lane acquired both businesses from ILC Industries in 2003 for $303 million. GE Capital also led the financing of a $37 million credit facility for Dover. Behrman is a private equity firm based in New York and San Francisco.Continue
Charlesbank Capital Partners has acquired Peacock Engineering Co., a portfolio company of Behrman Capital. Financial terms weren’t announced. Geneva, Ill.-based Peacock provides processing and packaging services for consumer companies like ConAgra Foods, General Mills and Kraft. Both Charlesbank and Behrman are PE firms. News of the deal was disclosed by Harris Williams which advised Peacock.Continue
The list of PE-backed companies looking to pay large dividends to their shareholders continues to grow.
Burlington Coat Factory, which is backed by Bain Capital, is in the market for a $1 billion loan to pay a dividend to its shareholders. JP Morgan is leading sale of the loan, according to Thomson Reuters Loan Pricing Corp.
Bain acquired the Burlington Coat Factory, which sells coats and women’s sportswear, in 2006 for $2.06 billion.
A Bain spokesman says that a portion of the loan will go to refinance debt.
Ascend Learning, which is owned by Providence Equity, is also trying to raise roughly $400 million—including $390 million in loans and $40 million in revolving credit—to pay a dividend, LPC said. Ascend Learning is made up of Assessment Technologies Institute and Jones & Bartlett Learning.Continue