Tortoise Investments in conjunction with existing management has completed the buyout of Tortoise.   As part of the transaction, the existing management and employees have increased their equity ownership of the company, with many investing additional capital alongside Lovell Minnick, who purchased the equity stake held by Mariner Holdings and certain retiring co-founders of Tortoise. Tortoise will maintain its independence and autonomy with its brand, investment processes and day-to-day portfolio management remaining unchanged.   “We are excited to set course with our new partner,” says Tortoise co-founder and Chief Executive Officer, Kevin Birzer. “The asset management expertise and global network

Clayton, Dubilier & Rice (CD&R) is to acquire all of the outstanding shares of Ply Gem common stock in a go-private transaction valued at approximately USD2.4 billion.  Ply Gem Holdings, Inc. (NYSE:PGEM), is a leading North American building products manufacturer.   Ply Gem’s board of directors unanimously approved the agreement, which provides for the payment of USD21.64 per share in cash to all holders of Ply Gem common stock. The cash purchase price represents a premium of approximately 20 per cent over Ply Gem’s closing stock price on January 30, 2018. Promptly following entry into the agreement, stockholders holding greater

An affiliate of HIG Capital (HIG) has acquired Town & Country Holdings (T&C), the parent company of Town & Country Living. Founded in 1954 and headquartered in Lakewood, NJ, T&C is the recognised leader in home textiles specializing in table linens, kitchen textiles, rugs, and innovative solution-based home products. The company is a leading supplier of both licensed brands and private label programs to major retailers across the globe.   “David and Jeffrey Beyda have successfully positioned T&C as a true partner to its customers and licensors. We believe T&C’s existing product and service offerings provide a great foundation for

The Montreux Healthcare Fund has completed the purchase of Active Assistance, a provider of care and support for individuals with complex neurological conditions. Active Assistance provides specialist care to individuals with acquired brain injury (ABI) and spinal cord injury (SCI) in domiciliary and residential settings. Active Assistance also owns the UK’s largest Case Management Group, serving clients with an acquired brain injury and other neurological conditions, throughout the care pathway.     The acquisition constitutes the second major transaction to complete within the last month for the fund, following the sale of The Regard Group earlier in the month. Active

One Equity Partners, a middle market private equity firm, is to acquire a majority stake in Media Solutions, a provider of media processing, delivery and TV service platforms, from Ericsson (NASDAQ:ERIC).   Ericsson will continue to own a 49 per cent stake in the Company. Additional terms of the private transaction have not been disclosed.   Over the last several years, Ericsson has transformed Media Solutions’ products with a cloud-enabled, standards-based, integrated end-to-end roadmap. The overall mission has been to advance video service delivery with state-of-the-art infrastructure and software. At the same time, all products and operations have been upgraded