Audax Private Equity (Audax) today announced that it has successfully completed the sale of Acuant, an identity verification and KYC/AML compliance provider, to GB Group (GBG). Audax first acquired Acuant in September of 2018. Financial terms of the deal have not been disclosed.
Red Arts Capital (Red Arts), a middle-market, sector-focused private equity investment firm, has sold RAC MME Holdings, LLC to Knight-Swift Transportation Holdings, Inc for USD150 million in cash. Red Arts Capital partnered with Prudential Capital Partners, Brightwood Capital Advisors, LLC and several family offices in 2019 to acquire MME, Inc
Industrial Opportunity Partners (IOP), an operations-focused private equity firm, has completed the sale of portfolio company Union Corrugating Company Holdings to Cornerstone Building Brands, a manufacturer of exterior building products for residential and low-rise non-residential buildings in North America. Terms of the transaction, which is IOP’s eighth investment realisation from
Inflexion has completed the sale of its investment in Halo Technology Group, an independent provider of compatible optics, to Amphenol Corporation, a provider of electrical, electronic and fiber optic connectors and interconnect systems. The transaction generated a 6x money multiple and 53 per cent IRR for investors in Inflexion funds
Mid-market private equity firm LDC has exited its investment in SRL Traffic Systems, a provider of portable and temporary traffic equipment, to 3i Infrastructure plc. LDC backed the Cheshire-headquartered business in September 2019, investing GBP24 million to support the management team’s ambitious growth strategy. The exit generates a 5.7x money
AMP Capital is to sell its 50 per cent stake in ESVAGT to its co-investor 3i Infrastructure. This will result in 3i Infrastructure holding 100 per cent of the business. ESVAGT is a leading offshore vessels owner and operator in the North Sea supporting the offshore wind and oil &
Private equity firm Tailwind Capital (Tailwind) has completed the sale of Cumming Group (Cumming), a provider of project and cost management consulting services, to New Mountain Capital. Terms of the deal, which will see Tailwind retain an equity stake in the company alongside New Mountain Capital, have not been disclosed
Audax Private Equity (Audax) has completed the sale of Katena Products (Katena) to Corza Medical (Corza), a GTCR portfolio company. Katena is a global provider of precision ophthalmic instruments and therapeutics to physician offices, hospitals, surgical centres, distributors, medical device OEMs, and clinics. The company has more than 200 employees
Bernhard Capital Partners Management (BCP) has completed the sale of of Bernhard, a privately-owned, US Energy-as-a-Service (EaaS) solutions company to global independent infrastructure investment fund manager DIF Capital Partners (DIF), through its DIF Infrastructure VI fund. As BCP’s first portfolio company, the sale of Bernhad represents a significant milestone for
Clayton, Dubilier & Rice has completed the USD2.5 billion sale of Sirius Computer Solutions, a provider of technology-based solutions for corporate and institutional customers, to CDW.
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