Water Street Healthcare Partners, a private equity firm focused exclusively on the healthcare industry, has sold Precision Dynamics Corporation (PDC) to Brady Corporation in a cash transaction for USD300m, subject to customary working capital and post-close adjustments. Water Street divested PDC after spending five years building the company into a

Private equity firm GTCR has completed the acquisition of Correctional Healthcare Companies (CHC), an outsourced healthcare provider to correctional facilities. GTCR is partnering with CHC chief executive Doug Goetz, chief operating officer Don Houston and managed care industry executive Dale Wolf to grow and expand the business. This investment results

JHP Pharmaceuticals, a pharmaceutical company that acquires, develops, manufactures and sells sterile injectable products, has been acquired by an affiliate of private equity firm Warburg Pincus. The company was acquired from JHP Holdings, an entity majority-owned by Morgan Stanley Principal Investments, for USD195m on a debt-free, cash-free basis.  JHP’s current

Independent financial advisory and investment banking firm Duff & Phelps is to be acquired by a consortium comprising controlled affiliates of or funds managed by The Carlyle Group, Stone Point Capital, Pictet & Cie and Edmond de Rothschild Group for USD15.55 per share in cash in a transaction valued at

Affiliates of US Joiner have acquired JCI Metal Products, a provider of maintenance, repair and overhaul (MRO) services focused on habitability, fabrication, electrical and piping solutions to US Navy vessels.  JCI is headquartered in San Diego, California with additional operations in Pearl Harbor, Hawaii. The acquisition will enable US Joiner

Funds advised by Apax Partners have reached an agreement to sell LR Health & Beauty Systems to a consortium consisting of private equity firms Bregal Capital and Quadriga Capital. LR markets cosmetics, personal hygiene products, dietary supplements, perfumes and jewellery through the direct sales channel. The new shareholders will support

Business Growth Fund (BGF), established to help the UK’s fast growing smaller and medium sized businesses, has invested GBP2.5m of growth capital for a minority stake in Manchester-based Boost Juice Bars UK, a growing chain of retail stores specialising in the sale of freshly made smoothies and juices. Boost currently

PAI Partners has signed an agreement to acquire IPH Group, a European industrial supplies distribution business, from Investcorp for an undisclosed amount. The business services sector is a core area of investment focus and expertise for PAI. The firm’s previous investments in this sector include SPIE, Kiloutou, Kwik-Fit, FTE Automotive

Propel Equity Partners, a private equity firm focused on investing in consumer brands, has acquired Fundex Games, a maker of popular games. The assets of Fundex Games will be incorporated under the Ideal and POOF brands of POOF-Slinky, makers of iconic toys under the Slinky, POOF, Ideal, and Scientific Explorer