High Street Capital has partnered with the TLC Companies’ CEO Tim Coughlin and other members of the management team plus Cohesive Capital Partners, to fund the TLC’s growth plan and provide liquidity for its owners. High Street Capital will be working closely with the management team to acquire additional clients, expand TLC’s service offering and grow the company through a combination of organic initiatives and add-on acquisitions. TLC, headquartered in Brooklyn Center, Minnesota, is the nation’s largest provider of outsourced human resource services for the transportation industry. TLC’s service offering includes payroll processing benefits administration, workers compensation and unemployment claims

Maven Capital Partners has provided a GBP3m funding package in support of the MBO of Cat Tech International from US environmental services business Clean Harbors Inc. Operating from offices in UK, Bulgaria, Sweden, China, Singapore and Thailand, Cat Tech is a leading provider of industrial services to oil refineries and petrochemical plants across several major international markets. The company specialises in servicing equipment containing chemical reaction catalysts and introducing processes to improve catalyst handling operations where the ability to maintain operational efficiency is critical and there is an increasing focus on health and safety issues. Operating in a sector with

Private Equity firms invested about USD1,886 million across 90 deals during the quarter ended March 2012, according to a study by Venture Intelligence. The investment amount was almost half that was invested in the same period last year (USD3,614 million across 107 transactions) and represents the third consecutive quarter of deceleration in PE investments in the country. The immediate previous quarter had witnessed USD1,470 million being invested across 120 transactions. There were six reported PE investments worth over USD100 million (and none above USD200 million) during Q1 2012 compared to nine such transactions in the same period last year (which

New York Life Capital Partners, a private equity affiliate of New York Life Investments, has successfully closed of its third mezzanine fund. NYLCAP Mezzanine Partners III, LP held its final close on 30 March, 2012, with total commitments of USD980 million, more than a 20 per cent above its predecessor fund.  "We are very grateful for the show of support we received from investors and are confident that our strategy of investing in the middle market, with longstanding sponsor relationships, will continue to deliver strong results" says Thomas Haubenstricker, CEO of New York Life Capital Partners.   The Fund will maintain

Business Growth Fund (BGF), established to help the UK’s fast growing smaller and medium sized businesses, has made its first investment in the North West, with a GBP3.25 million investment in award-winning Mexican street food chain, Barburrito. This is BGF’s fifth deal in three months, making it currently one of the most active investors of long-term growth capital in the UK and bringing its total investment in fast growing companies to GBP37 million to date. Founded in 2005 by Manchester based entrepreneurs, Morgan Davies and Paul Kilpatrick, award-winning Barburrito is a chain of fast-casual Mexican restaurants that offer healthy food to

Energy and resources-focused global private equity firm Denham Capital Management has closed its sixth fund, Denham Commodity Partners Fund VI LP. Launched in July 2011 and closed eight months later in March 2012, Denham Capital raised USD3 billion in total third-party commitments for Fund VI from a variety of institutional investors globally, representing leading foundations, endowments, public and private pension funds, sovereign wealth funds and family offices. Fund VI was oversubscribed, exceeding the targeted cover amount of USD2.5 billion. Denham received strong support from investors in its prior fund, with nearly 90 percent of commitments participating in Fund VI. Denham

Molson Coors Brewing Company (NYSE: TAP; TSX) has signed a definitive agreement with to acquire StarBev LP, owned by funds advised by CVC Capital Partners Limited (CVC) and StarBev management, for EUR2.65 billion (USD3.54 billion).  Headquartered in Amsterdam, Netherlands and Prague, Czech Republic, StarBev operates nine breweries in Central and Eastern Europe (CEE) and generated 2011 sales of nearly EUR0.7 billion (USD1.0 billion) and earnings before interest, taxes, depreciation and amortisation (EBITDA) of EUR241 million (USD322 million).   “The acquisition of StarBev fits squarely into Molson Coors’ strategy to increase our portfolio of premium brands and deepen our reach into