Baird Capital buys SloanLed

Baird Capital said Friday that its U.S. private equity group has acquired SloanLed. Financial terms weren’t announced. JZ Partners, Golub Capital and Hexagon Inc. coinvested in the deal. Golub also provided senior financing. Baird Capital is the direct private investment arm of Robert W. Baird & Co. Ventura, California-based SloanLed designs and makes LED lighting solutions.


Berkshire to buy majority of Implus

Berkshire Partners LLC has agreed to buy a majority of Implus Corp. Trilantic North America was the seller. Financial terms weren’t announced. Durham, North Carolina-based Implus provides footwear accessories like insoles, socks and shoe care products. Robert W. Baird & Co. advised Implus.


North Branch invests in Motion Solutions

North Branch Capital LLC has made an undisclosed investment in Motion Solutions. The transaction was done in partnership with Midwest Mezzanine, Robert W. Baird & Co. and Motion Solutions’ management team. First American Bank provided the senior debt. Based in Aliso Viejo, California, Motion Solutions is a provider of linear motion and motion control solutions.


Nautic to acquire IPS Corp

Nautic Partners LLC has agreed to buy Compton, California-based IPS Corp, which provides solvent cements, specialty plumbing products and specialty adhesives. No financial terms were disclosed. GE Capital and LStar Capital provided financing for the deal while Robert W. Baird & Co. served as financial advisor to IPS.


GI Partners completes KBS acquisition

GI Partners has closed its buy of Kellermeyer Bergensons Services. No financial terms were disclosed; however BNP Paribas Securities Corp. and CIT Finance are providing the capital for the transaction. Robert W Baird & Co. served as financial advisor. Based in Oceanside, Calif. and Maumee, Ohio, KBS is a provider of integrated facilities management services to retail and grocery chains in North America.


Baird Capital taps Hoffman as an operating partner

Baird Capital has appointed Scott Hoffman as an operating partner. Previously, Hoffman worked at Brady Corp. where he served as president of global workplace safety. Baird is the private investment arm of Robert W. Baird & Co.


Summit sells Access Information Management

Berkshire Partners has acquired a majority interest in Access Information Management. Financial terms weren’t announced. Summit Partners is the seller. Access Information provides records and information management services in North America. Robert W. Baird & Co. provided financial advice to Access.


Mounce joins Baird Capital

Baird Capital said Monday that Melissa Mounce has joined as VP of Human Capital. Mounce previously was the Global Divisional Talent Acquisition Leader for Abbott. Baird is the private investment arm of Robert W. Baird & Co.


Kinderhook celebrates 23x gain on Tectum Holdings

Kinderhook Industries has sold a majority stake in Tectum Holdings (THI) to TA Associates. The sale represents a return in excess of $300 million for Kinderhook Capital Fund II, translating to approximately 23x Kinderhook’s invested capital.


PE-owned restaurant chain El Pollo Loco files for IPO

El Pollo Loco, which is owned by Trimaran Capital, has filed for an IPO. The number of shares that will be sold as well as the stock’s pricing terms have yet to be set. The stock will trade on the NASDAQ under the ticker symbol “LOCO.” Jefferies, Morgan Stanley and Robert W. Baird & Co are the lead underwriters. Headquartered in Costa Mesa, Calif., El Pollo Loco is a fast food restaurant chain.


PE-backed Stanadyne to sell filtration business to Clarcor for about $325 mln

Stanadyne, which is backed by Kohlberg & Company, has agreed to sell its filtration business to Clarcor for approximately $325 million. No financial terms were disclosed for the transaction, which is expected to be completed in early May. Robert W. Baird & Co. and Ropes & Gray were financial and legal advisors, respectively, to Stanadyne. XMS Capital Partners was financial advisor to Clarcor on the deal.


Baird invests in Workforce Insight

Baird Capital, the direct private investment arm of Robert W. Baird & Co, has made a significant investment in Denver-based Workforce Insight. The business is a provider of strategic workforce management consulting, analytics and managed services.


PE-backed Papa Murphy’s Holdings files for IPO

Papa Murphy’s Holdings has filed for an IPO. The number of shares that will be offered as well as the pricing terms have yet to be set. The stock will list on the NASDAQ under the ticker symbol “FRSH.” Jefferies, Robert W. Baird & Co. and Wells Fargo Securities will serve as the lead underwriters. Based in Vancouver, Washington, Papa Murphy’s Holding, which is backed by Lee Equity Partners, is a pizza chain franchisor.

Baird Capital promotes Ferranti to principal

Baird Capital said Tuesday that it has promoted Roberto Ferranti from vice president to principal. Prior to working at Baird Capital, Ferranti was the vice president in the corporate recovery group of Mesirow Financial. Baird Capital is the private investment unit of Robert W. Baird & Co.

New Underwriters for Brightsource

Four new underwriters are supporting the initial public offering of BrightSource Energy, a solar company, according to a new version of the company’s prospectus filed with regulators. Barclays Capital, Lazard Capital Markets, Robert W. Baird & Co. and Raymond James & Associates have joined the underwriting consortium, which is led by Goldman Sachs & Co., Citigroup Global Markets and Deutsche Bank Securities, the filing shows.

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