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Nautic to acquire IPS Corp

Nautic Partners LLC has agreed to buy Compton, California-based IPS Corp, which provides solvent cements, specialty plumbing products and specialty adhesives. No financial terms were disclosed. GE Capital and LStar Capital provided financing for the deal while Robert W. Baird & Co. served as financial advisor to IPS.

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Riverside completes Five Star acquisition

Riverside has acquired Five Star Painting as an add-on for its Dwyer Group platform. No financial terms were disclosed. Madison Capital, GE Capital, NXT Capital and Ares Capital provided financing for the transaction while Jones Day, KPMG, Fisher Zucker and Cassels Brock advised Riverside on the deal. Based in Spanish Fork, Utah, Five Star is a franchisor of interior and exterior painting services.

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Windjammer Capital promotes Anderson to principal

Windjammer Capital has promoted Matt Anderson to principal. Anderson joined Windjammer in 2005 and worked out of the Newport Beach, California office. Prior to Windjammer, Anderson worked as corporate finance group at GE Capital where he underwrote, closed and managed senior secured loans to middle market companies.

Rapid Micro Biosystems to receive up to $19 mln from GE Capital

GE Capital‘s healthcare financial services business has provided a senior credit facility of up to $19 million for Rapid Micro Biosystems. The financing will be used for working capital. Based in Bedford, Mass., Rapid Micro Biosystems is a provider of quality control solutions in pharmaceutical manufacturing.

Ares, GE provide $293 mln loan for Montagu’s buy of Open GI

The European Senior Secured Loan Programme, a joint venture between Ares Management and GE Capital, has provided a £187 million (US$293 million) loan to fund Montagu Private Equity’s buy of Open GI. Montagu announced in August it was buying Open GI, a U.K.-based supplier of software to the insurance market.

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GE Antares supports Kohlberg & Company’s buy of PPC

GE Antares, a unit of GE Capital, has provided a $160 million senior credit facility to back Kohlberg & Company‘s buy of PPC Industries. GE Capital Markets was the lead arranger and bookrunner. Based in Pleasant Prairie, Wisconsin, PPC Industries is a maker of specialty plastic solutions for medical/pharmaceutical, food processing, and niche industrial applications.

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PE-backed Clarity Telecom completes buy of WOW!’s broadband assets in South Dakota, Minnesota and Iowa

Clarity Telecom, which is backed by Pamlico Capital, has closed its buy of WOW!’s broadband assets in South Dakota, Minnesota and Iowa. No financial terms were disclosed although earlier news reports pegged the amount for approximately $262 million in cash. GE Capital and SunTrust Robinson Humphrey helped fund the transaction. WOW!, which is owned by Avista Capital Partners, is a provider of high-speed Internet, cable TV, and phone service in Illinois, Michigan, Indiana and Ohio.

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Riverside Company acquires Bootie Butler

The Riverside Company has acquired Protexer, Inc., (doing business as Bootie Butler) as an add-on to its team technologies platform. The Knoxville, Tennessee-based company distributes and assembles shoe cover dispensers, removers and shoe covers. GE Capital led the financing for the deal.

Riverside adds Protexer to team technologies platform

The Riverside Company has added Protexer to its team technologies platform. The Knoxville, Tennessee-based business distributes and assembles shoe cover dispensers, removers and shoe covers. GE Capital led the financing for the transaction. Riverside was advised by Jones Day and KPMG.

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Cardiva Medical closes two tranches of $16.5 mln funding

Cardiva Medical, a developer of vascular closure devices, has completed the first two tranches of $16.5 million Series 3 private equity financing. Also, the firm has received a $12.5 million senior facility from GE Capital. The investors in the Series 3 round were Canepa Advanced Healthcare Fund, PTV Sciences, AmKey Ventures and TriVentures II Fund. In addition to the funding, Paul Enever of Canepa U.S. has been added to Cardiva’s board of directors.

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GE Capital backs Vista Equity’s buy of AGDATA

GE Capital provided $69 million to help fund Vista Equity‘s acquisition of AGDATA. Based in Charlotte, NC, AGDATA is a a provider of data and analytics to agricultural and animal health manufacturers.

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Zimt buys UK food distributor BFP

Lesaffre has sold BFP to private equity consortium Zimt Holding. No financial terms were disclosed. Leopold Capital Partners and Linklaters advised Lesaffre on the transaction while Addleshaw Goddard advised Zimt. GE Capital provided financing for the deal. Based in the UK, BFP is a food distributor.

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Kinderhook celebrates 23x gain on Tectum Holdings

Kinderhook Industries has sold a majority stake in Tectum Holdings (THI) to TA Associates. The sale represents a return in excess of $300 million for Kinderhook Capital Fund II, translating to approximately 23x Kinderhook’s invested capital.

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Trending on peHUB this week: Blackstone is raising its second “tactical opportunities” fund, fears of a correction in the secondaries market, and Fortress, GE Capital and SBJ are looking for talent.

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Trending on peHUB this week: Job openings at GE Capital and Fortress, keynote video of MDB’s John Canning, and Tim Draper’s big breakup plan.

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