Water Street Healthcare Partners, a strategic private equity firm focused exclusively on the health care industry, and Wind Point Partners, a private equity investment firm, have completed the sale of Physiotherapy Associates to Court Square Capital Partners. Headquartered in Exton, Pennsylvania, Physiotherapy Associates is the nation’s foremost provider of outpatient rehabilitation services. Water Street and Wind Point transformed Physiotherapy Associates into an industry leader when they merged two of their specialty health care services companies in 2007. They combined Benchmark Medical, which Wind Point built through 23 acquisitions, and Physiotherapy Associates, which Water Street acquired from Stryker Corporation. The firms

Private equity investment firm Paine & Partners has formed a new advisory relationship with Steve Dubin and David Abramson of SDA Ventures LLC (SDA).  Paine & Partners and SDA will work together to identify and execute investment opportunities in the global human and animal food and nutritional products industries. "We have long-standing relationships with Steve and David, are impressed by what they have accomplished in their careers, and are excited to be working with them," says Kevin Schwartz, a founding Partner at Paine & Partners. "Paine & Partners continues to focus on opportunities across the food and agribusiness value chain

Arsenal Capital Partners, a New York-based private equity firm that invests in middle-market specialty industrial, healthcare, and financial services companies, has acquired Plasticolors, Inc and Evonik Industries’ Colortrend global colourants business to create Chromaflo Technologies, the largest independent global pigment dispersion platform. Headquartered in Ashtabula, Ohio, Plasticolors, Inc. was founded in 1970 and is a leading supplier of pigment and chemical dispersions to the thermoset composites and industrial paint and coatings industries.  The company’s colorants can be found in a wide variety of products including industrial coatings, interior and exterior automotive components, epoxy flooring, electrical and appliance housings and a

Simmons & Co in Aberdeen has completed four deals in the first quarter of 2012 with a total deal value of GBP340million. The corporate finance advisers to the energy sector are also reporting one of the strongest pipeline of deals in its history in the UK.   Simmons & Co’s forecast for a high level of M&A activity in 2011 proved accurate as the Aberdeen office reported completing 22 deals worth almost $1billion last year. Globally the firm completed 46 M&A transactions and 16 equity and debt offerings.   Nick Dalgarno (pictured), managing director at Simmons, says: “With continued high

Law firm Mills & Reeve has advised Langholm Capital on the acquisition of 120-year-old family-run Purity Soft Drinks. Langholm, the consumer sector mid-market private equity firm whose investments include Tyrrells Potato Crisps, The Bart Ingredient Company and Dorset Cereals, acquired Purity following a management buy-in.   Originally established in 1892 when horse drawn drays supplied soft drinks to the licensed trade around Wednesbury in the West Midlands, Purity has been run by the Cox family since 1944. Under its Masons brand it runs one of the last remaining returnable-bottle soft drinks operations in the UK while its Juice Burst brand

London based Just-Eat, the world’s largest online takeaway ordering service, has closed a financing round of USD64m (EUR48m) led by funds managed by Vitruvian Partners, a European private equity firm, with Index Ventures, Greylock Partners and Redpoint Ventures also participating. This investment marks the Company’s third and largest funding round in less than two years. The investment will be used to continue Just-Eat’s growth, entries into new countries and product innovation, further cementing its global leadership in the online takeaway category. Klaus Nyengaard, Chief Executive Officer of Just-Eat, says: "This new investment will help our continued expansion. Takeaway e-commerce has

Mid market private equity firm Palamon Capital Partners has concluded a transaction with Royal Bank of Scotland (RBS), to provide a GBP23 million financing package for its portfolio company, Cambridge Education Group. The deal includes a dividend recapitalisation for equity holders and additional debt financing for continued growth.   Cambridge Education Group is a leading UK provider of pre-University foundation programmes and English language training principally to foreign students keen to attend UK universities. Having identified the growing attractiveness of British education to international students Palamon acquired CEG in 2007 in partnership with a new management team led by Fergus Brownlee.  Since

JP Morgan Private Equity Limited (JPEL) has agreed in principle to terms on a new multi-currency credit facility with a longer maturity date with Lloyds TSB Bank plc.  The new facility will expire in January 2017 and contains similar covenants to the Company’s existing $150 million multi-currency facility which was due to expire in May 2013.  Key terms of the proposed facility include:   LIBOR +280bps for a loan to value ratio (LTV) of less than or equal to 10%, with no LIBOR floor LIBOR +330bps for a LTV ratio of greater than 10%, with no LIBOR floor   "We