Leonard Green closes buy of Packers Holdings

Leonard Green & Partners has completed its buy of Packers Holdings from Harvest Partners. Financial terms weren’t announced. Kieler, Wis.-based Packers provides sanitation for more than 450 food processing plants every day. Harris Williams & Co. and Moelis & Co. provided financial advice to Packers. Morgan Stanley Senior Funding, General Electric Capital Corp. and Crescent Mezzanine provided financing.


Brown Jordan buys Tropitone Furniture

Brown Jordan International, which is backed by Crescent Capital Group, said Monday it has acquired Tropitone Furniture. Financial terms weren’t announced. Pfingsten Partners, in 2007, led a buyout of Tropitone, a seller of outdoor casual furniture. The deal was financed by cash on hand as well as debt financing from AIG Investments and Bank of America Merrill Lynch. Moelis & Company was the financial advisor and debt placement agent to Brown Jordan. Intrepid Investment Bankers advised Tropitone.


Classified Ventures explores $3 bln sale of Cars.com – Reuters

Classified Ventures, a joint venture of five media companies, has put its online listings business Cars.com up for sale at a price of up to $3 billion, The Wall Street Journal reported on Sunday, writes Reuters. Classified Ventures has retained investment bank Moelis & Co as an adviser on the potential sale and is in talks with potential bidders that are expected to include private equity firms as well as strategic investors, the Journal reported.

Ken Moelis’ investment bank files to go public – Reuters

Investment banker Ken Moelis’ boutique investment firm, Moelis & Co, filed to go public as it looks to take advantage of rising demand for independent advisory services and an improving market for public offerings in the United States, writes Reuters. The New York-based independent investment bank, which will continue to be led by the Wall Street dealmaker, filed a $100 million placeholder with U.S. regulators on Tuesday for the initial public offering of its class A stock.

Allen Joins Freeport Financial

Freeport Financial, which is backed by Moelis & Co., has appointed David Allen an MD focused on healthcare sector investors. Allen joins from NXT Capital where was also an MD responsible for healthcare investments.

Admiral Donald Joins Moelis Capital as Executive Advisor

Moelis Capital Partners, the PE arm of Moelis & Co., said Wednesday it appointed Retired Admiral Kirkland Donald as an executive advisor focusing on aerospace, defense and energy investments. Admiral Donald was most recently director of the Naval Nuclear Propulsion Program.

Moelis & Co. Buys Freeport Financial Partners

Moelis & Co. has acquired Freeport Financial Partners. Terms of the deal were not announced. Chicago-based Freeport targets the middle market and provides origination, underwriting and management of loans, as well as equity co-investments. Freeport’s four principals, which include Matthew Gerdes, Josh Howie, Stephen Papalas, and Joseph Walker, will each join Moelis as MD’s.

Moelis Capital Names Florjancic and Murphy Executive Advisors

Moelis Capital Partners, the PE arm of Moelis & Co., has appointed Frederick J. Florjancic, Jr. and Jim Murphy as Executive Advisors. Florjancic was most recently CEO of Safety-Kleen and will focus on industrial and services-related investments. Murphy, who was previously CEO of American Safety Razor and Personal Care Group, will focus on consumer-related opportunities, Moelis says.

Reuters: Boutique Firms See “Pure Advice” Paying off

NEW YORK–A Delaware ruling last month accusing a large investment bank, Barclays Capital, of conflicts of interest is already driving some business to boutique firms. Just a day after the ruling, a client told Evercore Partners it wanted the 15-year-old boutique to be the lead adviser on a transaction. The client wanted a bank that […]

Moelis Capital Names Hill An Operating Partner

Moelis Capital Partners said Thursday that Barbara Hill has been appointed an operating partner. Hill was most recently CEO of ValueOptions. She will focus on healthcare-related investments, and provide strategic and operating support to Moelis Capital’s healthcare portfolio companies. Moelis Capital is the PE arm of Moelis & Co.

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