Riverside Co. Buys Future Medical

The Riverside Company has bought Future Medical. Financial terms were not announced. Waterford, Mich.-based Future Medical provides rental respiratory equipment, liquid oxygen and related services to skilled nursing facilities in 13 Midwestern and Southeast states. PNC and Medley Capital provided financing for the transaction.

The Riverside Co. Invests in Baby Jogger Via Recap

The Riverside Co. has recapped Baby Jogger. Financial terms were not announced. It’s not clear if Riverside Co. has aquired a majority or minority stake in the company. Richmond, Va.-based Baby Jogger designs and markets branded infant and juvenile products focused on baby strollers, bicycle trailers, and related accessories. John Neuner, Brent Spiller and Chip […]

Angelo, Gordon Completes Sale of Global Compliance

Angelo, Gordon & Co. has completed the sale of Global Compliance Services Inc. to ELT Holding Co. ELT is a portfolio company of the Riverside Co. Terms of the deal were not released.

Riverside Company’s Express Courier Does Add-On

Ohio private equity firm The Riverside Co. bought EagleOne Logistics to tack onto platform company Express Courier, a regional delivery services firm. The deal expands Express Courier’s capacity in the South. Texas Capital Bank and THL Credit provided financing for the transaction, Jones Day was Riverside’s legal counsel, and RSM McGladrey advised Riverside on financial due diligence. Specifics were not publicized.


Dropping the Ball on 2011 & Ringing in the New Year

As we close out 2011—the year of the daily deal overvaluation, the inability of private equity to get “good ol’ days” financing, the onset of the angel investor gold rush—it’s time to lay down some prognostications and punditry for the new year. We’ve got a comments section (or, feel free to chime in here), so […]

Michienzi Joins Riverside Company

Michael Michienzi has joined the Riverside Company as a senior operating partner. He will be part of the Dallas office. Michienzi was most recently an American Capital senior principal.

Riverside Co. Exits Crisis Prevention Institute

Brockway Moran and Partners has acquired Crisis Prevention Institute Inc. from the Riverside Company. Terms of the deal, which closed November 18, were not released. Based in Milwaukee, Crisis Prevention Institute is a training organization specializing in the safe management of crisis situations and disruptive behavior.

Riverside Deals Media Source

Ohio private equity firm Riverside Co. has dealt its Media Source, a children’s literature specialist, the PE firm announced. It is Riverside’s fifth exit of 2011. The PE firm struck deals to acquire The Horn Book Inc. in Massachusetts and titles from Reed Business Information after making the acquisition of Media Source in 2007. Specifics on the transaction were not publicized.

Maranon Backs Emergency Communications Deal

Maranon Capital provided debt financing and an equity co-investment to support the acquisition of Emergency Communications Network Inc. by The Riverside Co. Ormond Beach, Fla.-based Emergency Communications Network provides software-as-a-service products to allow state and county governments communicate warnings, information about natural disasters and other information.

Top 10 Posts Focus on Q3 Fundraising, Performance Data and ‘Lessons from the Loo’

Happy Monday! If you want to catch up on news you may have missed last week, here are peHUB’s top 10 posts, as judged by the pageviews of our regular readers. Hot topics included Q3 fundraising, performance data from Colorado PERA, UTIMCO and New York pension funds, and a growing number of restaurant bankruptcies.

ONE: Slideshow: 15 Largest U.S.-based Venture Funds Raised in Q3by Lawrence Aragon
TWO: CrunchFund Wasn’t the Only Newbie Fund Raised in Q3; Here Are 18 Others (slideshow)by Lawrence Aragon
THREE: Slideshow: Top-Performing PE/VC Funds Of 3 Big-Apple Pensionsby David Toll
FOUR: Top Ten Performing Funds From The Colorado PERA Venture Portfolio (slideshow)by Mark Boslet
FIVE: Qwikster and 7 Other Terrible, Short-Lived Ideas (slideshow)by Connie Loizos
SIX: Slideshow: Riverside’s Lessons from the Looby Buyouts magazine
SEVEN: Slideshow: Restaurant Bankruptcies Make PE Queasyby Bernard Vaughan
EIGHT: Slideshow: UTIMCO in 17 Active Funds with IRRs > 25% (subscribers only) – by Lawrence Aragon
NINE: Gores Group Turns More Industry-Focused (subscribers only) – by Bernard Vaughan
TEN: Welsh Carson To Buy Triple Point Tech from ABRYby Luisa Beltran

Riverside Co.’s Micro Cap Fund Raises $137 Mln

Riverside Co. said Wednesday that is has closed its second micro-cap fund at $137 million, which is 37% above its $100 million target. The pool, Riverside Micro-Cap Fund II, is a small business investment company fund. RMCF II will invest in companies with under $5 million in EBITDA.

Riverside Co. Acquires Centiv Services

The Riverside Co. has acquired Chicago-based marketing company Centiv Services. Terms of the deal were not released. Formed in 2001, Centiv provides a marketing automation platform designed to help businesses develop customized, local marketing campaigns that can be designed, produced and fulfilled with short turnaround times.

VSS Deals Avatar International

Avatar International has been sold via a secondary PE deal, changing hands between former owner Veronis Suhler Stevenson, the New York sponsor, and going to the Riverside Co., the Cleveland PE shop. The deal represents a larger than 4.0x ROI driven by a sole focus on organic growth. VSS was represented in its sale of Avatar International by financial advisors TripleTree, LLC.

Crisis Prevention Institute on the Block

Crisis Prevention Institute Inc., a training company owned by buyout shop Riverside Co., is up for sale, Reuters reported. Middle-market investment bank Harris Williams is advising the company on the sale process. Riverside bought the Brookfield, Wisconsin-based company five years ago.

American Hospice Buys Two Texas Hospices

American Hospice, which is backed by Riverside Co., has acquired two hospices from Hospice Care of the Southwest. Financial terms of the deal were not announced. The hospices are located in Conroe and Livingston, Texas. Hospice Care of the Southwest said it is keeping its primary operations that are located in Amarillo, Texas.

Riverside Co. Buys Sunless Inc.

The Riverside Co. has acquired Sunless Inc. Financial terms weren’t disclosed. Sunless, of Macedonia, Ohio, makes spray tanning booths, airbrush equipment and retail products. GE Antares Capital and Golub Capital provided senior debt. Audax Mezzanine provided subordinated debt.

Question of the Week: Should Small PE Firms Have to Register with SEC?

Create your free online surveys with SurveyMonkey, the world’s leading questionnaire tool.

A section of the Dodd-Frank Act has gotten PE firms in a tizzy.

Signed into law last summer, the Dodd-Frank Wall Street Reform and Consumer Protection Act requires that private equity firms with $150 million or more in capital register with the SEC no later than July 2011. Buyout shops are complaining that the new law will make it very expensive for small PE shops to comply. For example, Welsh Carson expects to spend $600,000 this year to comply with the rule.

The law also just makes life more complicated. Firms will have to file annual paperwork, develop compliance policies, keep tighter records and undergo examinations, among other obligations. PE firms will also likely have to hire personnel to deal with the new requirements.

Riverside Takes Pareto Private in $108M Deal

Canadian marketing company Pareto Corp. has agreed to sell itself to buyout shop Riverside Co. in a $108 million cash deal, Reuters reported. At 2.72 Canadian dollars per share, the deal represents a 3% premium over Pareto’s most recent closing price, Reuters said.

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