MidOcean invests in Image Skincare

MidOcean Partners said Tuesday that it has invested in Image Skincare. Financial terms weren’t announced. Palm Beach, Florida-based Image Skincare develops, markets and distributes skincare products. Goldman, Sachs & Co. advised Image Skincare.


MidOcean to exit Noranco

MidOcean Partners said Monday that it has agreed to sell Noranco Inc. to Precision Castparts Corp. PSP Investments is also a seller. The deal is valued at $560 million, Precision Castparts said in a separate statement. Noranco supplies complex machined and fabricated components for aero-engine, landing gear and airframe applications. Lazard advised Noranco.


MidOcean buys KidKraft

MidOcean Partners has acquired KidKraft Inc, a maker of gifts, toys, play sets and children’s products. No financial terms were disclosed. Lazard provided financial advice to KidKraft on the transaction.


GTCR and Adams Outdoor to acquire Fairway

GTCR has teamed up with Adams Outdoor to buy outdoor advertising firm Fairway Media Group. The sellers are ACON Investments and MidOcean Partners. No financial terms were disclosed. Moelis & Co. provided financial advice to Fairway on the transaction while Deutsche Bank Securities Inc was M&A advisor to GTCR. Newstone Capital Partners provided mezzanine debt financing for the deal.


MidOcean backs Nutrabolt

MidOcean has acquired a “significant” minority stake in Nutrabolt (formerly named Woodbolt Distribution). No financial terms were disclosed. Houlihan Lokey advised Nutrabolt on the transaction. Headquartered in Bryan, Texas, Nutrabolt is a provider of sports nutrition products.

Bahrain’s Investcorp to acquire Totes Isotoner Corp – Reuters

Bahrain-based alternative investment fund Investcorp said it had agreed to acquire U.S.-based accessories brand Totes Isotoner Corp in partnership with private equity firm Freeman Spogli & Co, writes Reuters. No terms were disclosed for the purchase from MidOcean Partners and Bruckmann, Rosser, Sherrill & Co.

MidOcean Partners to Acquire EDAC Technologies

MidOcean Partners has made a proposal to the board of directors of EDAC Technologies Corporation to acquire all of the outstanding shares of EDAC for $18.25 per share in cash. The proposal, which is being made jointly with a large North American pension plan investment manager, is not subject to a financing condition.

MidOcean Buys Agilex from Nautic

MidOcean Partners has acquired a majority stake in Agilex Flavors & Fragrances. Financial terms weren’t announced. The seller was Nautic Partners. Piscataway, N.J.-based Agilex provides fragrance compounds and delivery systems sold primarily to manufacturers of air care, personal care, industrial and institutional and household products. Fidus Partners provided financial advice to Agilex.

MidOcean and Crestview Sell OneLink

MidOcean Partners and Crestview Partners are to sell OneLink Communications for an enterprise value of $585.25 million. Liberty Global and Searchlight Capital Partners will be acquiring the business which provides cable TV, high-speed data and telephony services in Puerto Rico. MidOcean and Crestview, together with co-investors and management, acquired OneLink in October 2005 from Adelphia […]

Fairway Outdoor Merged with Olympus Media

ACON Investments and MidOcean Partners have merged portfolio companies, Fairway Outdoor Advertising and Olympus Media. Financial terms were not announced. The combined company, Fairway Media Group, of Greenville, S.C., has more than 21,300 bulletin and poster displays in 17 states across the Southeast and Midwest. PRESS RELEASE ACON Investments and MidOcean Partners announced today that […]

Exit Breathes Life Into NY Shop

Executives at Fenway Partners are confident that a successful sale of 1-800 Contacts Inc. could put the beleaguered buyout shop in a position to raise another fund next year, Buyouts reported yesterday, citing two sources. The New York-based firm announced on June 4 it had agreed to sell the retailer of contact lenses and glasses […]

MidOcean Partners’ Bushnell to Acquire Hunting Products Co

MidOcean Partners portfolio company Bushnell Outdoor Products is to acquire Primos Hunting of Flora, Miss. Terms of the transaction were undisclosed. Kansas-based Bushnell is a manufacturer of sports optics, premium eyewear, and outdoor accessories. Primos is a supplier of products to the hunting industry. Its product line includes blinds, scent eliminators, game scents and attractants, […]

Penton Media Recruits CEO

Penton Media, a business to business media company providing content, insight and marketing to 17 industry sectors, has appointed David Kieselstein, previously CEO of TNS North America, as Penton Media CEO. He will also join the Penton board of directors. Kieselstein will be based in New York. Penton is owned by MidOcean Partners and US […]

MidOcean Partners Buys Jones & Frank

Buyout firm MidOcean Partners has acquired a majority stake in Jones & Frank, a provider of equipment distributor and repair, maintenance, and installation services provider to the fueling infrastructure industry. Terms of the deal were not released. Jones & Frank is based in Raleigh, N.C.

Knowlton, ex-Watch Hill Founder, Launches Three Ocean Partners

Three Ocean Partners, the latest investment banking boutique from David Knowlton, officially launched yesterday although it already has several assignments.

The New York IB will advise on M&A, corporate finance solutions, restructurings and financings. Three Ocean, like its larger rivals Harris Williams and Moelis & Co. , will not have a lending, trading or research arm.

However, the IB will have a merchant banking division that will allow the firm to co-invest alongside clients. Three Ocean will split its practice between private equity and corporate sponsors, says Knowlton, who is managing partner. The IB will focus on consumer products, retail, luxury consumer, industrial, business services, FIG and media, he says.

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