Allocations
Angeles Equity Partners (Angeles) and Clearlake Capital Group’s portfolio company American Construction Source (ACS) has acquired Arrow Building Center (ABC), headquartered in Stillwater, Minnesota.
Financial terms of the transaction have not been disclosed.
ABC, also known as Consolidated Lumber Company, is one of the largest nationally ranked independent building products distributors in the country. ABC provides custom home builders, building professionals, and DIY customers a comprehensive portfolio of lumber and building materials (LBM) products and specialty services in key Minnesota and Wisconsin markets, supported by a new state-of-the-art components manufacturing plant. ABC will continue serving customers under its current
Gas Pos has secured a USD1 million investment from Merus Capital, a Silicon Valley-based early-stage venture capital firm.
Merus’ investment will enable Gas Pos to execute a national roll-out plan to bring its uniquely affordable gas pump upgrade solution to independent retailers concerned over the impending costs of the Automated Fuel Dispensers (AFD) EMV (chip-based card) mandate.
To combat an annual USD400 million in fraud, Visa, MasterCard, and American Express are requiring all gas stations to replace magnetic strip-based pumps with EMV-chip reading pumps by 2020. However, the per-station costs are prohibitive: breaking concrete and replacing AFD can require
Flint Hire and Supply Ltd (Flints), the UK’s number one theatrical chandlers, has secured funding from Independent Growth Finance (IGF) to facilitate a management buy-out (MBO).
Established in 1981 to provide the theatre industry with a single source for specialist theatre hardware and paints, Flints works with major names like the Royal Opera House, the Royal National Theatre and The RSC. The company has a catalogue range varying from specialist theatre tools, paints to hardware materials.
The MBO follows the founder, Alasdair Flint, announcing his decision to retire at the age of 65. He expressed the desire to sell the company
European Buy & Build activity in the first half of 2018 fell by 12 per cent compared to the same period in 2017 with Brexit concerns dampening the normally buoyant UK and Irish markets, according to Silverfleet Capital’s European Buy & Build Monitor.
The Buy & Build Monitor, which tracks global add-on activity undertaken by European- headquartered companies backed by private equity, identified a provisional total of 287 add-ons in the first half of 2017 with a total deal value of GBP4.1 billion, down from 327 add-ons worth GBP4.8 billion recorded over the same period in 2017.
Just eight
AMP Capital is to provide a USD190 million term loan to EQT Infrastructure-owned Synagro, a US provider of residuals management solutions.
Founded in 1986 and based in Baltimore, Maryland, Synagro is a core infrastructure company with an asset-based business model delivering an essential service to more than 600 municipal customers in 37 states and the District of Columbia. The company owns or operates 21 dryers, incinerators and compost facilities that help customers beneficially reuse their biosolids. The company is also the largest US player servicing municipal wastewater treatment plants.
Synagro relies on relationships stretching back 20 years and its
Albion Capital, an independent investment manager, has invested GBP5 million in The Evewell, a fully-integrated centre of medical excellence dedicated to caring for and protecting all aspects of fertility and gynaecological health.
The centre, which opened on Harley Street in London this month, focuses on both gynaecology and reproductive health to ensure that fertility patients receive the most appropriate treatment and advice to maximise their prospects of conceiving. It offers a fully integrated suite of women’s health services that differentiates it from other clinics. The clinic is equipped with the latest technologies for screening and treatment, and is set in
Reed Smith has advised Munich-based MIG Fonds, one of Germany’s leading venture capital investors, as well as other shareholders such as GA Asset Fund, on the sale of all shares in Siltectra to Infineon Technologies AG.
The purchase price amounted to approximately EUR124 million.
Siltectra, founded in 2010 and headquartered in Dresden in Germany, specialises in the development of wafering technologies and related process equipment for the splitting of semiconductor materials. With a patent portfolio of more than 50 patent families, Siltectra has developed a process that allows crystalline materials to be separated with minimal material loss compared
Middle market private equity firm One Equity Partners (OEP) is to sell the operating subsidiaries of Sonneborn Holdings, a manufacturer of specialty hydrocarbon chemicals, to a subsidiary of HollyFrontier Corporation (HFC), an independent petroleum refiner and marketer, for USD655 million.
The transaction is expected to close in 2019, subject to regulatory approvals and customary closing conditions.
Founded in 1903, Sonneborn manufactures highly purified white oil, petrolatum, microcrystalline wax, sodium sulfonate and compressor lubricants for personal care, pharmaceutical, food, polymer and metal working applications of 500-plus global customers. The company is headquartered in Parsippany, NJ and employs approximately 360 people
ODDO BHF Private Equity has successfully completed the first closing of ODDO BHF Secondaries Fund with total commitments above EUR160 million, including a dedicated mandate for an institutional investor.
Fundraising for the strategy started in July 2018.
Commitments are mostly from French and German institutional clients. As an anchor investor, the ODDO BHF Group has made a significant investment in the fund.
Nicolas Chaput, President of ODDO BHF Private Equity, says: “We are proud to receive such a strong support both from our historical partners as well as new investors that consider the secondary Private Equity market as
Private equity firm New Water Capital’s portfolio company, Myotek, has acquired Amptech, a value-added manufacturer of electronics and electrical assemblies based in Manistee, Michigan.
Founded in 1980, Amptech designs, engineers and manufactures circuit boards and other electronic assemblies for customers in automotive, utility and other industrial end markets and applications. The acquisition will allow Myotek to provide its customers with domestic production capabilities for its automotive lighting products. Amptech’s Lee Wyatt will continue to serve as president of the company.
New Water views the addition of Amptech as a way to expand the capabilities of Myotek, a leading transportation
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