PE-backed extreme value retailer Ollie’s files for IPO

Harrisburg, Pennsylvania-based extreme value retailer Ollie’s Bargain Outlet Holdings Inc 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. J.P. Morgan, Jefferies and BofA Merrill Lynch are the lead underwriters. Ollie’s is a portfolio company of CCMP Capital.


PE-owned Pure Gym buys fitness chain LA Fitness

Pure Gym, which is owned by CCMP Capital, has acquired fitness chain LA Fitness. No financial terms were disclosed. Global Leisure Partners advised Pure Gym on the transaction while Canaccord Genuity did likewise for LA Fitness.

Generac Holdings Announces Secondary Offering

Generac Holdings has announced an underwritten secondary offering of 10,000,000 shares of its common stock by funds affiliated with CCMP Capital. The selling stockholders will receive all of the proceeds from this offering.


What Hurricane? PE Keeps Working–Just from Home

New York City ground to a halt Monday as residents prepared for the worst of Hurricane Sandy. Both the New York Stock Exchange and the NASDAQ were closed, and Wall Street was deserted. Private equity, however, kept on working.

CCMP Capital Buys Milacron

CCMP Capital Advisors has acquired Milacron. Financial terms weren’t announced. Cincinnati-based Milacron is a plastics processing and industrial fluids company.  BofA Merrill Lynch, RBC Capital Markets, Barclays and Keybanc Capital Markets provided debt financing.  Goldman Sachs provided legal and financial advice to Milacron. PRESS RELEASE Milacron LLC announced today its acquisition by affiliates of CCMP Capital Advisors, […]

The Week’s Top 10 Posts Center On Fundraising, Viral Job Pitches, Startup Alumni Networks

So, which blog posts and news stories rose to the top of the most-read list this week?

Following are the top 10 posts that garnered the most pageviews from regular readers of peHUB from August 1-5. (We do a separate list for the week’s most popular slideshows.) This week’s hot topics include fund-raising news from Avista Capital, CCMP Capital and Sycamore Partners;a video job pitch to Google gone viral; a critique of a Washington Post article on VCs and entrepreneurship (arguably the worst ever); and alumni networks that have formed around successful startups such as VMware, Tesla Motors and AdMob.
1. Matthew Epstein: “I’m Shocked Google Hasn’t Issued a Cease and Desist Order” by Connie Loizos
2. Worst Analysis of VCs and Entrepreneurship EVER! by John Backus
3. VCJ Cover Story: The Networking Effect by Joanna Glasner
4. Teten & Farmer: VC and PE Funds’ Best Practices In Sourcing Investments by David Teten
5. What’s next For Real Estate Venture? by Joanna Glasner
6. Warburg Pincus Eyes Small Fries by Joseph Giannone
7. Avista Capital Looks To Raise $2B Fund by Luisa Beltran
8. Ex-JPMorgan Affiliate Looks to SWFs As It Gears Up For Fund III by Bernard Vaughan
9. Golden Gate spin-out, Raising First Fund, Takes Stake in Talbots by Bernard Vaughan
10. Guggenheim Venture Partners Becomes Alara Capital press release

CCMP In Talks to Buy Medpace in $500-$600M Deal

CCMP Capital Advisors is in talks to buy Medpace, a Cincinnati-based contract research organization, two sources said.

The deal is valued at roughly $500 to $600 million, one person says.

Founded in 1992, Medpace provides clinical drug development services for the pharmaceutical and biotech industries. It employs about 1,000 people globally.

The sale of Medpace was not an auction, one banker says. Instead, CCMP has been in exclusive talks to buy Medpace, the source says.

PE-backed Edwards Sets Range for I.P.O.

British vacuum technology maker Edwards has set a price range of 200 to 270 pence for its London listing, Reuters reported. The company is currently owned by private equity groups CCMP Capital and Unitas Capital. Edwards will sell roughly 35% of the company during the offering, Reuters reported.

PE-backed LHP Hospital Group Adds Executives

LHP Hospital Group, which is backed by private equity firm CCMP Capital Advisors, has named Paul Kappelman division president, and added Vance Reynolds as CEO of its Texas Health Presbyterian Hospital. Kappelman is the former CEO of Northwest Medical Center in Tucson, Arizona. Reynolds was previously CEO of Mississippi-based River Region Health System. LHP Hospital Group is based in Plano, Texas.

Edwards talks up profits before sale or flotation

Edwards Group, the British vacuum technology firm backed by CCMP Capital and Unitas Capital, has said that sales and profits will grow in the second half of 2010, ahead of its planned sale or flotation. Reuters reports that CCMP and Unitas Capital have valued the company at about 1.5 billion pounds ($2.4 billion).

CCMP Closes Infogroup Buy

An affiliate of CCMP Capital Advisors LLC has closed its buy of Infogroup, a Omaha database provider. Clare Hart was named Infogroup’s president and CEO. CCMP, of New York, is a private equity firm.

CCMP Invests $345 Million for Stake in Chaparral

NEW YORK (Reuters) – Private equity firm CCMP Capital is investing $345 million to take a 37 percent stake in independent oil and gas producer Chaparral Energy in its third deal in a month. CCMP has a history of investing in energy assets and currently has an investment in Noble Environmental Power, which is focused […]

CCMP Confirms Infogroup Purchase

CCMP Capital confirmed reports that it has agreed to acquire data and marketing services company Infogroup Inc. (Nasdaq: IUSA). The deal is valued at approximately $635 million, including debt refinancing. Infogroup stockholders will receive $8 per share.

WSJ: CCMP To Buy Infogroup

(Reuters) – Private equity firm CCMP Capital has agreed to buy data and marketing services company Infogroup Inc (IUSA.O) for about $460 million, the Wall Street Journal said, citing people familiar with the situation. Infogroup had hired investment bank Evercore in December 2008 to evaluate its options, the Journal said. An auction had drawn bids […]

CCMP Gets Into The “Boutique” Business

In late 2008, CCMP Capital was hired by J.P. Morgan to manage the legacy portfolio of Bear Growth Capital Partners. Today, CCMP announced that it had acquired one of those portfolio companies: Francesca’s Collections Inc., a Houston-based women’s fashion retailer that had sold a minority stake to BGCP for around $57 million three years ago.

The all-equity deal was valued at between $200 million and $400 million, with a percentage of the proceeds being used to buy out BGCP and certain company founders.

“We could have put debt on this, but chose not to,” says CCMP chairman Greg Brenneman, who will join Francesca’s board of directors. “The most natural exit, eventually, would be an IPO, because Francesca’s numbers are better than anything comparable on the public markets.”

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