KED and BDT Capital to acquire stake in Truck-Lite

Koch Equity Development LLC and BDT Capital Partners LLC have agreed to acquire Falconer, New York-based Truck-Lite, a provider of safety lighting and filtration systems for commercial vehicles. No financial terms were disclosed for the deal that’s expected to close in the fourth quarter of this year. Baird and Wells Fargo provided financial advice to Truck-Lite on the transaction while Barclays did likewise for KED. Truck-Lite is currently owned by Penske Corp (which will retain an ownership stake in Truck-Lite) and Kelso & Company.


Thoma Bravo to exit Sirius Computer Solutions

Kelso & Company has agreed to acquire a stake in Sirius Computer Solutions Inc, an information technology solutions provider. The sellers are Thoma Bravo and Sirius founder Harvey Najim. No financial terms were disclosed. The transaction is expected to be completed in the fourth quarter of this year. Credit Suisse is providing financial advice to Kelso on the deal.


W&T to sell stake in Permian Basin’s Yellow Rose field to PE-backed Ajax Resources

W&T Offshore Inc has agreed to sell its stake in Permian Basin’s Yellow Rose field to Ajax Resources. The deal is expected to generate gross pre-tax proceeds of about $376 million. W&T’s stake in the Yellow Rose field includes about 25,800 net acres in Andrews, Martin, Gaines and Dawson counties in West Texas. Ajax is backed by Kelso & Company.


Kelso and Estancia to acquire PE-owned American Beacon parent Lighthouse Holdings

Kelso & Company and Estancia Capital Management have agreed to buy Lighthouse Holdings, the parent company of American Beacon. No financial terms were disclosed for the transaction that is expected to be completed in the second quarter of 2015. RBC Capital Markets and Barclays are providing debt financing for the transaction. Sandler O’Neill + Partners is advising Kelso & Company and Estancia Capital Management while J.P. Morgan Securities is advising American Beacon. American Beacon is a provider of investment advisory services to institutional and retail markets. Lighthouse Holdings is owned by TPG Capital and Pharos Capital Group.


Carlyle completes majority investment in Traxys Group

The Carlyle Group has completed the acquisition of a majority interest in the Traxys Group, a metal and minerals commodity merchant, logistics and trading firm. Carlyle made the deal along with affiliates of Louis M. Bacon, founder, chairman and chief executive officer of Moore Capital Management. Traxys’ management has increased its stake in the business as part of the deal. The Carlyle-led investor group bought its stake in Traxys from Pegasus Capital Advisors, Kelso & Company and Resource Capital Funds.


Venari Resources raises additional $1.3 bln from private equity group

Deepwater oil exploration company Venari Resources has raised an additional $1.3 billion from a group of investors. Venari’s management and existing investors Warburg Pincus, Kelso & Company, Temasek and The Jordan Company were joined by new investors GIC and BlackRock Private Equity Partners. To date, Venari has raised $2.4 billion, including $1.1 billion when the company was formed in May 2012.


CPPIB agrees to buy Wilton Re for $1.8 bln

Canada Pension Plan Investment Board said Friday that it has agreed to acquire Wilton Re for $1.8 billion. The sellers include Stone Point Capital, Kelso & Company, Vestar Capital Partners and FFL. Headquartered in Hamilton, Bermuda, Wilton Re is a life insurance provider for the U.S. market.

Kelso & Company to Acquire Swank Audio Visuals

New York-based private equity firm Kelso & Company is to acquire Swank Audio Visuals. The company provides audiovisual and event technology services within the hotel, resort, meetings and conference center industries. Barclays and Macquarie Capital served as advisors to Kelso, and are arranging financing for the transaction.

Audax Sells Nivel to Kelso

Mid-market investor Audax Group has sold Nivel Holdings to Kelso & Company. Headquartered in Jacksonville, Florida, Nivel is a distributor of golf car aftermarket parts and accessories. PRESS RELEASE Audax Group announced it has completed the sale of Nivel Holdings, LLC (“Nivel”) to Kelso & Company. Headquartered in Jacksonville, Florida, Nivel is a leading value-added […]

Kelso & Company Inks Agreement to Buy Logan’s Roadhouse

National restaurant chain Logan’s Roadhouse, owned by several private equity firms including New York-based Black Canyon Capital, has a signed an agreement to be acquired by the New York PE firm Kelso & Company for an undisclosed transaction price. PRESS RELEASE: Logan’s Roadhouse, Inc. (Logan’s) announced that it has reached a definitive agreement to be […]

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