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Closed Fund I in 2016 on cap Formed in 2014 by Brazos co-founder, alumni Quick turnaround for new firm CenterOak Partners, a spinout from Brazos Private Equity, is in market with its second fund, targeting around $700 million, three sources told Buyouts. Whether CenterOak is using a placement agent is unclear. The firm worked with […]

Arbor Investments closed its first deal in the pet space. The buyout shop said Dec. 3 that it acquired the exclusive brands business of Mars Petcare US Inc. The unit makes private label pet food and treats for retail customers. Terms weren’t disclosed. The acquisition includes five plants, in Orangeburg, South Carolina; Washington Court House, Ohio; Miami […]

A sale of Ascensus before year’s end seems less likely, but some sources remain optimistic that a deal will happen. Ascensus, backed by Genstar Capital and Aquiline Capital Partners, has been up for sale for several months. Barclays and JP Morgan are advising on the process, Buyouts has reported. Final bids were due in October; those offers, from private equity […]

HarbourVest led restructuring of two funds Firm raised bridge fund for new investments Process involved two older funds Eos Partners completed a broad restructuring process that transferred assets from its third and fourth funds into a new vehicle that gives the firm at least five more years to sell the investments, sources told Buyouts. The […]

Linden took SeraCare private for ~$82 mln in February ’12 KKR investment in LGC dates to December ’15 Sell-side adviser: Cain Brothers Linden Capital Partners generated an about 4x return through its sale of SeraCare Life Sciences, according to a source familiar with the matter. KKR said earlier this week it would buy SeraCare, a […]

Eaglehill launched in 2014 by two Citi bankers Brought on ex-Citi banker Matas as senior adviser Options could include secondary process Two Citigroup bankers in 2014 formed a private lending shop that got big backing from Koch Industries in the form of a $100 million commitment to the firm’s debut fund. That firm, Eaglehill Advisors, […]

SFW Capital Partners sold Spectro Scientific after more than seven years, earning a huge return on its investment. Ametek Inc said Tuesday it acquired Spectro for about $190 million. Spectro provides predictive analytics that monitor the condition of assets. The Chelmsford, Massachusetts, company offers on-site oil analysis of machinery and industrial equipment that helps users like maintenance […]

Many independent sponsors boast of having proprietary deal flow but lack capital to close deals. Buyout firms with committed funds, by contrast, have the capital. What they need is more deal flow, and many are open to teaming with independent sponsors under the right conditions. Conditions of late have been right for at least two […]

GTCR, the veteran fintech investor, is scooping up two mutual-fund administrators. The Chicago buyout shop said Nov. 19 that it agreed to buy Ultimus Fund Solutions and Gemini Cos. Terms weren’t disclosed. GTCR, which is merging the companies, will have a majority of the combined firm. Management is rolling over a stake. The combined company, operating […]

Owned by 67 physician partners, ~$200 mln revenue CMS commitment to site-neutral payments, other rule changes trigger sales process Few sponsors in urology to date: Audax, J.W. Childs Integrated Medical Professionals, the largest urology-centric multispecialty group in the country, is seeking a PE partner as it looks to scale nationally, Buyouts has learned. Cross Keys […]