HGGC, Charlesbank to sell Citadel Plastic in $800 mln deal

HGGC and Charlesbank Capital Partners said Monday they have agreed to sell Citadel Plastic Holdings to A. Schulman in a deal valued at $800 million. The transaction is expected to close in second quarter. West Chicago, Illinois-based Citadel provides thermoplastic and engineered composite compounds.


PE-owned HDT Global acquires DHS Technologies

HDT Global, a portfolio company of Charlesbank Capital Partners, has acquired DHS Technologies LLC from Kanders & Company. No financial terms were disclosed. DHS is a provider of rapidly deployable expeditionary equipment.


Charlesbank Capital Partners acquires HDT Global from Metalmark Capital

Charlesbank Capital Partners has acquired HDT Global, a provider of solutions for government, military, commercial and industrial customers, based in Solon, Ohio. Charlesbank purchased the company from Metalmark Capital. The existing management team is making a significant co-investment in the transaction. Financial terms were not disclosed.


Charlesbank agrees to sell The Princeton Review

Charlesbank Capital Partners has agreed to sell test preparation and college admission services company The Princeton Review to Tutor.com, an operating business of IAC. The deal is expected to close on Aug. 1, 2014, subject to closing conditions. Terms of the deal were not disclosed.

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Zayo Group files for IPO – Reuters

Fiber network company Zayo Group Holdings filed with U.S. regulators to raise up to $100 million in an initial public offering, writes Reuters. Zayo is backed by GTCR, Oak Investment Partners, M/C Partners, Columbia Capital and Charlesbank Capital Partners.


Fast-food chain Del Taco explores sale: Reuters

U.S. fast-food chain Del Taco, which specializes in Mexican cuisine as well as American favorites like burgers and fries, is in the early stages of exploring a sale that could fetch more than $500 million, Reuters reported.


Lefkowitz leaves CI Capital

Steve Lefkowitz, president and COO of CI Capital Partners, is leaving the firm, according to a letter to LPs obtained by peHUB.


Charlesbank Capital Partners buys American Residential Services

Charlesbank Capital Partners has acquired American Residential Services from CI Capital Partners and Royal Palm Capital Partners. No financial terms were disclosed. Berenson & Company and Paul, Weiss, Rifkind, Wharton & Garrison advised ARS on the transaction while Metronome Partners, RBC Capital Markets and Goodwin Procter advised Charlesbank. Based in Memphis, Tenn., ARS is a provider of heating and air conditioning and plumbing services.

Charlesbank Capital and Webster Capital Acquire OSP

Charlesbank Capital Partners and Webster Capital have acquired OneStopPlus Group. OSP was a subsidiary of Redcats, owned by Paris-based luxury and sport & lifestyle group PPR. The OSP management team will also co-invest in the transaction.

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