Private equity investment firm HIG Capital has sold Safe-Guard Products International to an affiliate of Goldman Sachs, a global investment banking, securities and investment management firm. Based in Atlanta, Georgia, Safe-Guard is a provider of finance and insurance (F&I) products to the automotive industry. “HIG has been a tremendous partner to Safe-Guard and has been instrumental in helping us develop and execute our growth strategy,” says Randy Barkowitz, chief executive officer of Safe-Guard. “Over the last five years, we’ve invested in our team, our infrastructure and our program offerings, and Safe-Guard is now the clear ancillary F&I industry leader.” “We

Albion Ventures has invested GBP2.6m in Proveca, a pharmaceutical company that develops innovative and technically complex new pharmaceuticals largely for children. Proveca, which was established in 2010 by Simon Bryson and Dr Helen Shaw, focuses on the re-engineering of existing generic medicines to make them appropriate for use by young people, many of whom will have chronic conditions which require on-going drug regimes. The company is currently developing medicines for children in the fields of cardiology, neurology and pain management.   Dr Andrew Elder, partner and head of healthcare at Albion Ventures, says: “Healthcare is an important area within Albion’s

Waud Capital Partners’ portfolio company ProNerve has acquired PhysIOM Group, one of the largest providers of intraoperative neuromonitoring (IONM) services in the western and southeastern US. Headquartered in Colorado, PhysIOM serves over 290 hospital clients across 33 states. PhysIOM represents ProNerve’s third acquisition in 2012 and establishes the company as a national provider of IONM services and the market leading provider of IONM services in the western US. “Having a stated objective of building the leading provider of IONM services in the western US, we are thrilled to complete this business combination,” says David Neighbours, partner at Waud Capital Partners.

Aston Hill Financial has completed its purchase of Citadel Securities, a provider of investment advice and services to private and institutional investors. The deal was previously announced on 15 November. Aston Hill is a diversified asset management company with a suite of retail mutual funds, closed end funds, private equity funds, hedge funds and segregated institutional funds. The company is also engaged in the administration of Argent Energy Trust. Aston Hill has offices in Calgary, Toronto and Halifax. Citadel Securities is a full service investment dealer with its head office located in Halifax, Nova Scotia. It is a member of

Wellspring Capital Management has sold its portfolio company Cleaver-Brooks, a provider of boiler room solutions, to Harbour Group. Terms of the transaction have not been disclosed. Since acquiring Cleaver-Brooks in June 2008, Wellspring and management worked closely to leverage the company’s position and optimise the value of its integrated product line. In 2011, Cleaver-Brooks acquired Cheminee Lining, a Montreal-based specialty designer and manufacturer of stack systems. William F Dawson, Jr (pictured), a managing partner of Wellspring, says: "Under our ownership, Cleaver-Brooks capitalised on attractive industry dynamics to significantly grow both organically and through strategic acquisition. In particular, we worked with

Aurora Capital Group, a Los Angeles-based private equity firm, has acquired DuBois Chemicals, a provider of chemical solutions and services, from The Riverside Company.  Terms of the transaction have not been disclosed. DuBois offers a broad range of customised chemical solutions which reduce downtime, minimise defects, extend equipment life and generate high return on investment for customers in mission-critical applications.  DuBois serves customers across a broad array of industries, including the industrial, transportation, pulp and paper and water markets. Mark D Rosenbaum, partner of Aurora, says: "We look forward to working closely with Jeff Welsh and DuBois’ management team to

Private equity firm Arsenal Capital Partners is to acquire Dash Multi-Corp, a manufacturer of formulated polyurethane, vinyl plastisol, specialty coatings and recycled rubber products. The acquisition of Dash represents the fifth acquisition by Arsenal’s specialty industrials group in 2012, as well as another example of the firm’s acquiring a company from its founder.  Founded in 1973 by Marvin S Wool, the St Louis-based company manufactures custom formulated plastics and chemicals, coated fabrics, and recycled rubber products and generates over USD100m in revenue. Concurrent with the acquisition by Arsenal Capital Partners, Dash’s coated fabrics operations will become a separate entity owned

Turnaround specialist RCapital has purchased the business, brand and assets of The Harley Medical Group, backing the incumbent management team. The Harley Medical Group has grown over 30 years, providing surgical and non-surgical cosmetic procedures across the UK.   In 2011 the whole cosmetic surgery industry was hit by the fraudulent activity of the supplier of PIP implants. Whilst operations involving breast implants make up less than 25 per cent of the business, The Harley Medical Group did not have the financial resources to survive.   Jamie Constable, chief executive of RCapital, says: "Harley Medical Group, in the best interest