PSP Investments invests in New Mountain-backed AmWINS

Canada’s Public Sector Pension Investment Board has invested in AmWINS Group, a global distributor of specialty insurance products and services. The investment values AmWINS at an enterprise value of more than $2.3 billion. AmWINS is now equally owned by PSP Investments, New Mountain Capital and more than 400 AmWINS employees.

Bamboo Finance raises $31 mln for investments in low income communities

Bamboo Finance has held a first close on $31 million for its second fund that invests in financial institutions that target areas excluded from global financial services. Bamboo Financial Inclusion Fund II, which received commitments from TIAA-CREF, invests in financial institutions that target micro-enterprises, SMEs, low income segments and mobile money operators primarily in Africa, the Middle East, Asia and Latin America.


Levine Leichtman acquires Hand and Stone Franchise Corp

Levine Leichtman Capital Partners has acquired Hand and Stone Franchise Corp, partnering with management on the deal. Hand and Stone is a franchisor in the massage and facial spa industry with more than 200 locations in the U.S. and Canada. Hand and Stone is the fifth investment from Leichtman Capital Partners Fund V, LP.

ArcLight acquires petroleum storage company Pyramid

ArcLight Capital Partners’-backed Penn Products Terminals has acquired Pyramid, formerly Petroleum Products Corporation, a petroleum pipeline terminals and logistics business. Pyramid runs 12 refined products storage terminals in Pennsylvania totaling 9 million barrels of storage capacity. Pyramid stores gasoline, diesel fuel, heating oil, oil kerosene, ethanol and biodiesel.


Trinity Hunt Partners buys stake in America’s Auto Auction

Trinity Hunt Partners has acquired a majority stake in America’s Auto Auction, a wholesale automobile auction company. Trinity plans to partner with America’s Auto Auction CEO Ben Lange and CFO Dustin Miller to recapitalize the business. Trinity also has bought a minority stake in Auction Credit Enterprise, founded by America’s Auto Auction management team in 2006 to provide short-term, asset-backed inventory financing to dealers who buy auction vehicles.

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