Nautic to acquire IPS Corp

By Iris Dorbian — 1 year ago

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.

Continue

Riverside completes Five Star acquisition

By Iris Dorbian — 1 year ago

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.

Continue

Windjammer Capital promotes Anderson to principal

By Chris Witkowsky — 1 year ago

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.

Continue

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

By Iris Dorbian — 1 year ago

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.

Continue

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

By Luisa Beltran — 1 year ago

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.

Continue

GE Antares supports Kohlberg & Company’s buy of PPC

By Iris Dorbian — 1 year ago

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.

Continue

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

By Iris Dorbian — 1 year ago

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.

Continue

Riverside Company acquires Bootie Butler

By Chris Witkowsky — 1 year ago

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.

Continue

Riverside adds Protexer to team technologies platform

By Angela Sormani — 1 year ago

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.

Continue

Cardiva Medical closes two tranches of $16.5 mln funding

By Iris Dorbian — 1 year ago

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.

Continue