The Resolute Fund II SIE, an affiliate of The Jordan Company, has partnered with the management team of Sequa Automotive Group to purchase the business from its parent company, Sequa Corporation, a diversified industrial company with operations in aerospace and metal coatings.  Financial terms of the transaction were not disclosed. Sequa Auto is a supplier of highly engineered automotive components. The company operates under two business segments: Casco Products Corp and ARC Automotive. Casco is a leading supplier of automotive power outlets, connectivity devices and sensors. ARC is a leading independent provider of airbag inflators, the critical component in a

Breathing Buildings, the natural ventilation specialist, has secured second round funding to expand its business both in the UK and internationally. The energy-saving potential of the company’s unique e-stack ventilation system is well recognised and this latest investment will enable Breathing Buildings to embark on its plan to substantially grow the business. In the UK new sales team members are being appointed across the country and the recently announced partnership with Price Industries will see the company expand further into the US market. The funding comes to Breathing Buildings from three very different organisations. First, the Berti Green Accelerator programme,

Base79, a European online video company, has received an equity investment from The Chernin Group (TCG), alongside continued participation from existing investor MMC Ventures. Proceeds from the round will be used to accelerate Base79’s expansion across Europe and into other global territories, to build owned-and-operated brands and channels, and to invest in the company’s products and technology. Founded in 2007, the company has offices in London, New York and Sydney, and has plans to increase its presence in continental Europe within the next 12 months. Base79 partners with video rights holders and producers to build online audiences and brands, claim

Atlas has acquired Erickson Framing through its newly formed company, Erickson Framing Holdings. Erickson Framing was acquired from Masco Corporation, a producer of home improvement and building products. Erickson is a construction services and pre-fabricated building products company that provides turn-key framing services, framing packages, trusses and other products to builders and developers. Erickson’s primary geographic markets include Arizona, Northern California and the greater Reno, NV area. Erickson was acquired by Masco in 2007. This acquisition reflects Atlas’ investment strategy of purchasing and transitioning divisions of a larger corporate parent into strong, independent companies. While Erickson has struggled through the

In a year defined by low interest rates, buyers continued to look to spend cash reserves on mature acquisition targets, according to SRS | Shareholder Representative Services’ 2012 SRS M&A Deal Terms Study. The new study, which reports on over 200 data points and builds on data from prior SRS studies, covers 342 acquisitions on which SRS served as the shareholder representative, including mergers, asset purchases and stock purchases.  In aggregate, these deals represent USD55.3bn in stated deal value with USD42.7bn paid at closing, USD4.9bn held in escrow and USD7.7bn in defined earn-out consideration.  For the first time, the study

Hogan Lovells has advised AEA Technology on its restructuring and the sale of certain of its businesses including its European consulting business to Ricardo for GBP18m. AEA Europe, which went into administration on 8 November 2012, is an environmental consultancy providing technical consultancy services to the UK public sector, the European Commission, international agencies and private sector organisations. Engineering consultancy Ricardo has acquired the business, operating assets and a staff of approximately 400 located at five UK sites from AEA and will operate as Ricardo-AEA. The Hogan Lovells team advising AEA was led by co-head of private equity Alan Greenough

Willow Laboratories has been acquired by Boston-based private equity firm Ampersand Capital Partners. Willow is a clinical and forensic toxicology laboratory providing urine, hair and saliva testing services to a wide range of healthcare providers including treatment centres, physician practices, and other laboratories.  Using state-of-the-art technology, Willow provides qualitative and quantitative alcohol and drugs-of-abuse test results to aid clients in the diagnosis and treatment of substance abuse. Gail Marcus has joined Willow as president and chief executive officer. Marcus has significant experience building healthcare service organisations and was recently chief executive of Caris Diagnostics (now Miraca Life Sciences), a national