Up and Down

Value of U.S. PE M&A soars, but volume plummets

The total disclosed value of U.S. announced private equity mergers skyrocketed more than 61 percent in third quarter, but the number of deals dropped about 20 percent, according to data from Thomson Reuters.


peHUB First Read

To ring in the holiday weekend, First Read reveals the cop who struck and killed a Napster exec while typing and driving won’t be charged, Americans are very confident about job availability and America’s tech guru is looking for a few good IT experts to work for the federal government.


SQAD buys Workhorse Software

SQAD, which is backed by Clarion Capital Partners, has acquired Workhorse Software. Financial terms weren’t announced. Evanston, Ill.-based Workhorse develops media planning and plan management tools. Metronome Partners provided financial advice to Workhorse.


Graham Partners closes sale of Strata Products, Strata Proximity Systems

Graham Partners said Tuesday it closed the combined sale of Strata Products Worldwide and Strata Proximity Systems. Financial terms weren’t announced. Strata Products provides safety products and services to the mining industry. Strata Proximity makes proximity detection and collision avoidance systems for mining applications. Graham did not disclose the buyer.


Platt River forms First River Energy

Platte River Equity said Tuesday it is partnering with three midstream energy industry executives to form First River Energy. Denver-based First River will buy and develop midstream assets for the gathering of crude oil, condensates, natural gas liquids (NGLs) and other related products. The executives include Johan Thematt, Jim Imbler and Chris Philpott. Platte River didn’t disclose how much it would invest in First River but capital will come out of its third fund, Platte River Equity III LP.


J.M. Smucker to buy Sahale Snacks from Palladium

Palladium Equity Partners has agreed to sell Sahale Snacks to The J. M. Smucker Company. Financial terms weren’t announced. Seattle-based Sahale makes and markets premium, branded nut and fruit snacks, which are primarily sold in the United States under the Sahale Snacks® brand. Palladium first invested in Sahale in 2007 acquiring a “significant minority” stake. The PE firm then made a follow-on investment in 2012.


CD&R closes Mauser buy

Clayton, Dubilier & Rice said Monday that it has completed its previously-announced acquisition of Mauser Group. The deal is valued at $1.2 billion. Headquartered in Bruehl near Cologne, Germany, Mauser makes and supplies plastic and steel drums and intermediate bulk containers for the chemical, industrial and food and beverage industries.

PE HUB Community

Join the 12525 members of PE HUB to make connections, share your opinion, and follow your favorite authors.

Join the Community

Look Who’s Tweeting

PE HUB News Briefs

RSS Feed Widget