Trilantic has acquired a minority stake in Highgate Hotels. No financial terms were disclosed. Moelis provided financial advice to Highgate on the transaction. Based in New York City, Highgate is an operator of hotels.Continue
Addison Group, a portfolio company of Trilantic Capital Partners, has acquired CVPartners. No financial terms were disclosed. Based in California and Washington, CVPartners is a staffing firm.Continue
Preqin reports Sequoia Capital, Benchmark Capital, Altor and Rhone Capital, among others, are providing the [...]Continue
Trilantic Capital Partners and Ward Petroleum Corp. have teamed up to launch Ward Energy Partners, an oil and gas exploration and production company. No financial terms were disclosed. WEP will focus on various basins in Oklahoma and Eastern Colorado.Continue
Trilantic Capital Partners, First Trust Capital Partners and Volant Energy Partners have acquired a majority stake in Fluid Delivery Solutions. No financial terms were disclosed. Headquartered in Fort Worth, Texas, FDS is an oil and gas service company.Continue
Addison Group, a portfolio company of Trilantic Capital Partners, said Monday that it has acquired HireStrategy. No financial terms were disclosed. Based in Reston, Virginia, HireStrategy is a professional staffing firm.Continue
Trilantic Capital Partners and Riverstone Holdings have invested in Trail Ridge Energy Partners II. Financial terms weren’t announced. Trail Ridge is a newly-formed oil and gas exploration and production company focused primarily in the Permian Basin in West Texas. Stifel Nicolaus advised Trail Ridge in regards to financing.Continue
MicroStar Logistics, a provider of keg management services to the US craft beer industry has been acquired by Freeman Spogli & Co., the Pohlad Family and management. MicroStar was previously a portfolio company of Trilantic Capital Partners.Continue
Private equity groups Investindustrial and Trilantic Capital Partners have taken a minority stake in Spanish cable television provider Euskaltel, writes Reuters. The private equity firms have taken a 48 percent stake in the Basque region’s sole cable company, writes Reuters.Continue
Trilantic Capital Partners has acquired Implus Corporation, a leader in the footwear, outdoor and fitness accessories markets in a management buyout transaction. PRESS RELEASE Trilantic Capital Partners, a global private equity firm, today announced that it has partnered with management to acquire Implus Corporation, an innovative leader in the footwear, outdoor and fitness accessories markets. […]Continue
Private equity firms Trilantic Capital Partners and Sagard are seen as likely to post final offers for Sara Lee Corp’s French baked goods unit, Reuters reports.Continue
Warburg Pincus, Trilantic Capital Partners and ZAM Ventures are backing newly formed oil and gas exploration and production company Velvet Energy, the company announced Wednesday. Terms of the investment were not released. CIBC World Markets Inc. acted as financial advisor to Velvet Energy. Velvet Energy is focused on exploration in the Western Canadian Sedimentary Basin region.Continue
Michel Léonard, the former CEO of the Bongrain Group, has joined Trilantic Capital Partners as an operating partner. Léonard will advise on investments in the food and consumer goods sectors. He will be the sixth operating partner to join Trilantic Capital, which is the former Lehman Brothers Merchant Banking.Continue
Trilantic Capital Partners, the former Lehman Brothers Merchant Banking, is expected to begin fundraising later this year, several sources told peHUB.
The buyout shop, which has offices in New York, London and Luxembourg, is not marketing right now, persons said. However, the PE firm is seen fundraising later in 2011.
Trilantic is currently investing from its fourth fund, which raised $2.6 billion. The actual size of Trilantic Capital Partners IV LP was $3 billion but was reduced, one source says. Trilantic is targeting a similar size, roughly $2.5 billion, for its next fund, the person says.Continue
Lincolnshire Management is buying Phoenix Brands LLC, a Stamford, Conn.-based maker of laundry detergents, from Trilantic Capital Partners, for around $135 million, Buyouts is reporting. Lincolnshire, based in New York, will pay around $55 million in equity, and has secured $80 million in senior from Madison Capital Funding, GE Capital and Fifth Street Financial; a […]Continue
Ridgemont Equity Partners, the North Carolina-based private equity firm, will spend part of 2011 looking to replace its lone LP with a batch of new ones for its next fund, multiple sources confirmed. Currently, the PE shop is reaching out to third-party investors, although it anticipates it will still work with BofA in the future, […]Continue
The New York-based private equity firm Trilantic Capital Partners has sold Italian soft drinks company Spumador to Netherlands-based Refresco Group, a maker of private label fruit juices and soft drinks that is owned by the European buyout firm 3i Group. Terms of the deal aren’t being disclosed. PRESS RELEASE: Rotterdam – January 17, 2011 – […]Continue
Earlier this week, I reported that Angelica had opted to dump a planned dividend in favor of an acquisition.
Today, officials for Angelica said they have completed a deal for Texas Linen Co. Karl Schulte, Texas Linen’s CFO, confirmed to me that the deal closed last Friday. Financial terms were not disclosed.Continue