Arlington Capital to sell Novetta to Carlyle

The Carlyle Group has agreed to acquire McLean, Virginia-based Novetta, a provider of advanced analytics solutions, from Arlington Capital Partners. No financial terms were disclosed. Morgan Stanley & Co LLC and Houlihan Lokey provided financial advice to Novetta and Arlington Capital Partners on the transaction while Jefferies was financial advisor to Carlyle.

GTCR completes sale of CBR to AMAG for $700 mln

GTCR has closed its previously announced sale of Cord Blood Registry to AMAG Pharmaceuticals Inc for $700 million. Houlihan Lokey provided financial advice to CBR on the transaction while Deutsche Bank Securities Inc and Jefferies LLC advised AMAG. Based in San Bruno, California, CBR is a newborn stem cell company.


Benefit Street Partners to acquire TICC’s investment adviser

TICC Capital Corp has agreed to sell its investment adviser TICC Management LLC to Benefit Street Partners LLC, the credit investment arm of Providence Equity Partners. No financial terms were disclosed. UBS Investment Bank provided financial advice to TICC Management on the transaction while Houlihan Lokey did likewise for BSP.


PE-owned Peacock Engineering Company to acquire L&L Foods

Peacock Engineering Company, a portfolio company of Charlesbank Capital Partners, has agreed to buy L&L Foods. No financial terms were disclosed for the transaction that is expected to be completed by the end of the month. PricewaterhouseCoopers provided financial advice to Peacock and Charlesback on the deal while Houlihan Lokey did likewise for L&L Foods. Based in Anaheim, California, L&L Foods is a provider of portion-control food packaging solutions.


Wynnchurch promotes four to MD

Wynnchurch Capital has promoted Brian Crumbaugh, Greg Gleason, Neel Mayenkar and Michael Teplitsky to managing director. Prior to joining Wynnchurch, Crumbaugh worked at ShoreView Industries and Piper Jaffray while Gleason was at Houlihan Lokey and Bank of America. Mayenkar’s work background includes positions at Houlihan Lokey and at PricewaterhouseCoopers and Teplitsky’s resume has stints at Lime Rock Partners and at UBS Investment Bank.


Harvest completes DCA acquisition from Quad-C

Harvest Partners has acquired DCA Investment Holding LLC, a dental support organization in the U.S. The seller was Quad-C Management Inc. No financial terms were disclosed. Jefferies LLC advised Harvest while Houlihan Lokey advised DCA. In addition to the funding, Ira Kleinman, Jay Wilkins and Paige Daly have been added to DCA’s board of directors.


Atlas Holdings sells Forest Resources assets to New-Indy and PaperWorks

Atlas Holdings LLC has sold the assets of Forest Resources, a maker of industrial paper and packaging productions, in two separate deals. New-Indy Containerboard has acquired Forest’s U.S. based businesses, which include Hartford City Paper while PaperWorks Industries Inc has acquired Forest Resources’ Canadian subsidiary CanAmPac ULC. No financial terms were disclosed. Houlihan Lokey provided financial advice to Forest Resources LLC on the transactions.


General Atlantic buys majority stake in EN Engineering

General Atlantic has acquired a majority stake in EN Engineering from CIVC Partners. No financial terms were disclosed. Houlihan Lokey advised EN Engineering on the transaction while Paul, Weiss, Rifkind, Wharton & Garrison LLP advised General Atlantic. Based in Warrenville, Illinois, EN Engineering is a provider of engineering, consulting and automation services to pipeline companies, utilities and industrial customers.

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PE HUB Second Opinion

In Second Opinion, PE-backed Sequential Brands will be acquiring Martha Stewart Living for $353 million, Crowdfunding site GoFundMe’s latest funding puts it at a valuation between $600 million and $650 million and pressure builds in South Carolina to remove the confederate flag from state government grounds following the shooting deaths at an historic black church.


Permira inks buy of Medora, Ideal Snacks

Permira said Wednesday that it agreed to buy Medora Snacks LLC and Ideal Snacks Holding Corp. Financial terms weren’t announced. Permira is combining the two companies under a single holding company, BFY Holdings I LLC. Middletown, New York-based Medora makes snacks like PopCorners, PopCorners Whole Grain and Pop Crinkles. Ideal, of Liberty, New York, is a contract manufacturer of popped snacks. Akin Bay Company LLC advsied Permira, while Houlihan Lokey was the advisor to Medora and Ideal.


ABRY Partners to acquire FastMed Urgent Care

ABRY Partners has agreed to buy FastMed Urgent Care, a provider of urgent care services in North Carolina and Arizona. No financial terms were disclosed for the transaction that’s expected to be completed in the second quarter of this year. Houlihan Lokey served as financial advisor. FastMed’s backers include Mosaic Health Solutions.


Blue Wolf names Caruso as MD

Blue Wolf Capital Partners LLC has appointed Victor C. Caruso as managing director. Caruso’s prior work background includes Houlihan Lokey and Merrill Lynch.


NetBase snags $9 mln

Mountain View, California-based NetBase, a social media analytics provider, has secured $9 million in funding. ORIX Ventures led the round with participation from Thomvest Ventures and Houlihan Lokey.


Nautic Partners buys S4T

Nautic Partners has acquired Source4Teachers, a provider of managed services focused exclusively on education. No financial terms were disclosed for the transaction that was done in partnership with S4T’s management. Houlihan Lokey was financial advisor to S4T on the transaction while Prudential Capital Group provided financing.


Windjammer exits Caplugs

Windjammer Capital Investors has sold its stake in Protective Industries Inc (“Caplugs”) to Berwind Consolidated Holdings Inc. No financial terms were disclosed. Houlihan Lokey provided financial advice to Caplugs on the transaction. Based in Buffalo, New York, Caplugs is a maker of plastic protection products.


Relativity Capital sells MHF to PE-backed EnergySolutions

EnergySolutions LLC, which is backed by Energy Capital Partners, has acquired MHF Services from Relativity Capital. No financial terms were disclosed. Based in Pittsburgh, MHF is a provider of specialized logistical solutions related to the movement of environmentally sensitive materials. Houlihan Lokey served as financial advisor to Relativity Capital and MHF on the transaction.


Houlihan Lokey appoints MD

Investment bank Houlihan Lokey has hired John Perkins as a managing director for the firm’s strategic consulting business. Perkins, who is based in Los Angeles, is a former partner and director at Bain & Company.

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