317 Views

Wind Point Partners acquires Gehl Foods

Wind Point Partners has acquired Gehl Foods, which produces aseptic dairy products. As part of the deal, Wind Point is installing Eric Beringause as chief executive officer, to replace Katherine Gehl. Gehl reported sales of almost $250 million in 2014.

152 Views

Wind Point-backed Dicom buys Modern Forwarding

Dicom Transportation Group, a portfolio company of Wind Point Partners, has acquired Modern Forwarding. No financial terms were disclosed. KPMG LLP served as a transaction advisor to Wind Point and Dicom on the transaction while AIM Group Canada was financial advisor to Modern Forwarding. Based in Ontario, Modern Forwarding is a provider of regional truckload transport services with a focus on U.S.-Canada cross-border business.

Wind Point-backed Vertellus closes buy of Dow’s SBH business

Vertellus, a portfolio company of Wind Point Partners, has completed its previously announced acquisition of Dow Chemical‘s sodium borohydride business. No financial terms were disclosed. Based in Elma, Washington, the SBH business is a maker of sodium borohydride used in the synthesis of fine chemicals.

100 Views

PE-backed Nonni’s Foods names new CEO

Nonni’s Foods LLC, a portfolio company of Wind Point Partners, has hired Brian Hansberry as CEO. The appointment is effective immediately. Hansberry replaces Dave Beré, who is retiring as CEO, and will now serve as chairman of Nonni’s board of directors. Previously, Hansberry worked at Wm. J. Wrigley Jr. Co. where he served as chief marketing officer of North America and vice president of U.S. gum, confections. Headquartered in Oakbrook Terrace, Illinois, Nonni’s is a producer of cookies and baked goods.

213 Views

Ontario Teachers’ Pension Plan takes majority stake in Shearer’s Snacks

The Ontario Teachers’ Pension Plan said Thursday it acquired an additional equity sake in Shearer’s Snacks. The seller was Wind Point Partners. Financial terms weren’t announced. Teachers’ acquired its initial stake in Shearer’s in 2012 and now holds a majority stake. Massillon, Ohio-based Shearer’s is a contract manufacturer and private label supplier of snacks in North America.

129 Views

Wind Point-backed Vertellus to acquire Dow’s SBH business

Vertellus, a portfolio company of Wind Point Partners, has agreed to buy Dow‘s sodium borohydride business.. No financial terms were disclosed. The SBH business is a maker of sodium borohydride used in the synthesis of fine chemicals. The transaction is expected to be completed in the first quarter of 2015.

PE-owned Vision-Ease Lens recruits new CEO

Vision-Ease Lens, which is owned by Wind Point Partners, has hired John Weber as its new CEO. Weber will be succeeding Doug Hepper who will transition to executive chairman. Previously, Webber worked at CooperVision where he served as president. Headquartered in Ramsey, Minn., Vision-Ease Lens is a maker of ophthalmic lenses.

421 Views

PE-owned Novolex to buy Packaging Dynamics

Novolex, which is owned by Wind Point Partners, has agreed to buy Packaging Dynamics, a provider of flexible packaging solutions. No financial terms were disclosed. The deal is expected to be completed in the fourth quarter of this year. Deutsche Bank, BMO Capital Markets, DLA Piper and Nelson, Mullins, Riley & Scarborough advised Wind Point on the transaction while Harris Williams and Ropes & Gray advised Packaging Dynamics. Kohlberg & Company currently owns Packaging Dynamics.

338 Views

Wind Point Partners buys Vision-Ease Lens

Chicago-based private equity firm Wind Point Partners has acquired Vision-Ease Lens. No financial terms were disclosed. Headquartered in Ramsey, Minn., Vision-Ease Lens is a maker of ophthalmic lenses.

146 Views

PE-backed Hilex Poly buys Duro Bag Manufacturing

Hilex Poly, a portfolio company of Wind Point Partners, has acquired Duro Bag Manufacturing Company. No financial terms were disclosed. The Peakstone Group was the M&A advisor to Duro on the transaction. Based in Florence, Kentucky, Duro is a maker of paper bags for foodservice, grocery, wholesale distribution and other markets.

221 Views

PE-backed Shearer’s Foods agrees to buy Lance Private Brands

Shearer’s Foods, a portfolio company of Wind Point Partners and Ontario Teachers’ Pension Plan, has agreed to acquire Lance Private Brands from Snyder’s-Lance. No financial terms were disclosed although some news outlets report the amount of the purchase to be $430 million. Lance Private Brands is a maker of cookies, crackers and wafers.

345 Views

Goldman, Vestar to buy Hearthside Food from Wind Point Partners

Wind Point Partners has agreed to sell Hearthside Food Solutions to Goldman Sachs and Vestar Capital. Financial terms weren’t announced. Downers Grove, Ill.-based Hearthside Food is an independent bakery and a full service contract manufacturer of grain-based food and snack products. Barclays provided financial advice to Wind Point Partners and Hearthside Food Solutions.

149 Views

Northern Trust expands alternatives group

Northern Trust has expanded its alternatives group with two appointments focused on investment opportunities in venture capital and secondary markets for private equity. James R. ‘Trey’ Hart III joined Northern Trust from Greenspring Associates and Adam R. Freda was previously at Wind Point Partners.

Pritzker Group Hires Wind Point’s Michael Nelson

The Pritzker Group has hired Michael Nelson, former managing director of Wind Point Partners, to lead its investments in manufactured products. Nelson focused on specialty manufacturing at Wind Point Partners, where he served on the boards of several portfolio companies during his 10-year tenure with the firm.

Nonni’s Acquires La Dolce Vita

Nonni’s, a portfolio company of Chicago-based private equity investment firm Wind Point Partners, has acquired La Dolce Vita. Wind Point acquired Nonni’s in February 2011 in partnership with CEO Dave Beré. Based in Glendale, Ariz., La Dolce Vita manufactures artisanal Italian biscotti and specialty cookies.

GE Antares Capital Provides Credit Facility to Hilex Poly

GE Antares, a unit of GE Capital, is serving as administrative agent for a $140 million senior credit facility to support the acquisition of Hilex Poly by Wind Point Partners. GE Capital Markets served as co-lead arranger and sole bookrunner on the transaction.

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