409 Views

GTCR to exit AssuredPartners

Apax Partners has agreed to buy a majority of AssuredPartners Inc. GTCR is the seller. Assured’s management will have a “significant” equity position, a statement said. Financial terms weren’t announced. BofA Merrill Lynch, RBC Capital Markets and Morgan Stanley Senior Funding Inc. are providing debt funding. Lake Mary, Florida-based AssuredPartners is an independent insurance brokerage.

156 Views

Marketing tech platform RadiumOne collects $54 mln

San Francisco-based RadiumOne, a marketing technology platform for brands and agencies, has raised $54 million in funding. Harmony Partners led the round with participation from Industry Ventures, Adams Street Partners, Crosslink Capital, Trinity Ventures and DFJ Espirit. RBC Capital Markets served as placement agent for the transaction.

Purch racks up $135 mln Series C

Digital content and commerce company Purch has secured $135 million in Series C funding. Canso Investment Counsel led the round. RBC Capital Markets served as the placement agent.

335 Views

Apax to buy Quality Distribution for $800 mln

Apax Partners has agreed to buy Quality Distribution Inc. in a deal valued at about $800 million, including debt. The transaction includes a 40-day “go-shop” where Quality Distribution can solicit alternative proposals from third parties. Tampa-based Quality Distribution operates a chemical bulk logistics network in North America. Deutsche Bank AG New York Branch, Bank of America N.A., Jefferies Finance LLC, MIHI LLC and SunTrust Bank are providing financing. RBC Capital Markets provided financial advice to Quality Distribution.

144 Views

PE-backed Enviva Partners goes public

Enviva Partners LP, a wood pellets provider to large power generations, has raised $200 million for its IPO after pricing its 10 million shares at $20 per share. The stock began trading Wednesday on the NYSE under the ticker symbol “EVA.” Barclays Capital Inc, Goldman, Sachs & Co, RBC Capital Markets LLC and Citigroup Global Markets Inc are the lead underwriters. Enviva Partners is backed by Riverstone/Carlyle Renewable Energy Partners.

118 Views

NCSG Crane & Heavy Haul Corp to buy PE-owned B&G

NCSG Crane & Heavy Haul Corporation and its investor group led by TriWest Capital Partners, Alberta Teachers’ Retirement Fund and NCA Partners have agreed to acquire B&G Crane Holdings. No financial terms were disclosed. Stifel is serving as financial advisor to NCSG on the transaction while RBC Capital Markets is doing likewise to B&G. B&G, which is owned by The Sterling Group LP, is a provider of crane services, specialized rigging and heavy haul transportation in Louisiana and Texas.

KemPharm goes public

Coralville, Iowa-based specialty pharmaceutical company KemPharm Inc has debuted its IPO after pricing its over 5 million shares at $11 per share. The stock began trading Thursday on the NASDAQ under the ticker symbol “KMPH.” Cowen and Company and RBC Capital Markets are the lead underwriters. The company’s backers include Deerfield Management.

285 Views

EQT to sell RTI to Aurora-led investor group

An investor group led by Aurora Capital Group has agreed to acquire Restaurant Technologies Inc from EQT Infrastructure Limited. No financial terms were disclosed. RBC Capital Markets LLC and Weil, Gotshal and Manges LLP advised EQT on the transaction. Based in Minneapolis, RTI is a provider of edible oil management and distribution services to the U.S. food service sector.

D.A. Davidson names Cummings as MD

Investment banking firm D.A. Davidson & Co has appointed Bryan Cummings as managing director and head of private equity coverage. Cummings’ previous work experience includes senior level roles at RBC Capital Markets and an unnamed information services firm.

119 Views

VC-backed SteadyMed sets IPO pricing terms

SteadyMed Ltd, a specialty pharmaceutical company based in San Ramon, California and Israel, has priced its IPO of 4.25 million shares at between $12 and $14 per share. SteadyMed plans on listing the stock on the NASDAQ under the ticker symbol “STDY.” Wells Fargo Securities LLC and RBC Capital Markets LLC are the lead underwriters. SteadyMed’s backers include Samson Venture Partners, Deerfield Management and Federated Investors.

123 Views

NGL Energy Partners to acquire PE-backed Magnum for $280 mln

NGL Energy Partners has agreed to buy Haddington Ventures-backed Magnum NGLs LLC, which owns and operates a natural gas liquids storage facility in Utah. The estimated price of the acquisition is $280 million. RBC Capital Markets LLC is providing financial advice to NGL on the transaction while Simmons & Company International is acting as financial advisor to Magnum Development and Haddington Ventures.

VC-backed Infraredx sets IPO pricing terms

Burlington, Massachusetts-based Infraredx, a cardiovascular imaging firm, has priced its IPO of 4 million shares at between $13 and $15 a share. The stock will trade on the NASDAQ under the ticker symbol “REDX.” RBC Capital Markets LLC Canaccord Genuity Inc and BMO Capital Markets Corp are serving as lead underwriters. Its backers include Sanderling Ventures, Nipro Corp. and Eastwood Capital.

209 Views

Newalta to sell industrial unit to Birch Hill for $300 mln

Environmental solutions provider Newalta has agreed to sell its industrial division to Birch Hill Equity Partners for $300 million. The transaction is expected to be completed in the first quarter of 2015. RBC Capital Markets provided financial advice to Newalta on this deal.

183 Views

UMB to acquire Marquette Financial Companies for $182.5 mln

UMB Financial Corp. has agreed to buy Marquette Financial Companies, which is owned by the Pohlad family, in an all-stock deal. According to terms of the agreement, the Pohland family will receive about $182.5 million (or 3.4 million shares) based on UMBF’s closing price of $53.16 on December 12, 2014. RBC Capital Markets provided financial advice to UMB while D.A. Davidson was financial adviser to MFC. The transaction is expected to close in mid-2015.

TierPoint completes Xand acquisition from ABRY Partners

TierPoint has closed its previously announced buy of Xand from ABRY Partners. No financial terms were disclosed. DH Capital was financial advisor to ABRY and Xand while RBC Capital Markets and Credit Suisse will provide debt financing for the transaction. Headquartered in St. Louis, Missouri, Xand provides colocation, cloud, disaster recovery and managed services with six data centers in New York, Pennsylvania, Connecticut, and Massachusetts.

151 Views

GIC to buy IndCor from Blackstone for $8.1 bln

Blackstone said late Monday that it has agreed to sell IndCor Properties to GIC, Singapore’s sovereign wealth fund, for $8.1 billion. IndCor, as a result, will no longer be pursuing an IPO, the statement said. IndCor owns and operates a portfolio of 117 million square feet of industrial properties throughout the United States. Eastdil Secured, Citigroup, Barclays and RBC Capital Markets acted as advisors to Blackstone.

184 Views

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.

216 Views

Fifth Street Asset Management rolls out IPO

Fifth Street Asset Management, a credit-focused asset manager, has raised $102 million for its IPO after pricing its 6 million shares at $17 per share. The stock began trading Thursday on the NASDAQ under the ticker symbol “FSAM.” Morgan Stanley, J.P. Morgan, Goldman Sachs, RBC Capital Markets and Credit Suisse are the lead underwriters.

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