Nordco, a provider of rail-related products and services, has been acquired by Greenbriar Equity Group, a New York-based private equity firm focused exclusively on the global transportation industry.   Terms of the transaction have not been disclosed.   Nordco will immediately become a majority-owned Greenbriar portfolio company.   The Nordco family of companies provides an extensive selection of products and services that enable rail-related industries to build, improve, maintain and inspect their track infrastructure and reposition rolling stock. Nordco, headquartered in Oak Creek, Wisconsin, is North America’s largest supplier of new, rebuilt, and used maintenance-of-way equipment with a broad product

Funds advised by CVC Capital Partners have acquired a controlling stake in Skrill, a provider of alternative payment solutions to the online industry, from a consortium of investors led by Investcorp, who will remain as a shareholder.   Founded in 2001, Skrill is one of Europe’s largest online payment systems and among the world’s largest independent digital wallet providers with over 35 million account holders and 150,000 merchants using its payment gateway solution. The Skrill Digital Wallet enables any customer to make online payments conveniently and securely, as well as to send and receive money online cost-effective. In addition, Skrill

CarProof, the Canadian vehicle history report provider, has sold a minority stake in the company to Hellman & Friedman, a San Francisco-based private equity investment firm with offices in London, New York and San Francisco.   "Hellman & Friedman is thrilled to invest in and partner with CarProof," says Ed Woiteshek from Hellman & Friedman. "We recognise that the vehicle history report industry is one with very strong potential and see this partnership as an incredible opportunity for both companies. We are enthusiastic about CarProof’s strategic vision for the future and are excited to support the company in its next

Private equity firm Encore Consumer Capital has completed the sale of its portfolio company Juice Tyme, a manufacturer and marketer of shelf-stable, bag-in-box juice and beverage concentrates for use in foodservice dispensing machines, to Highlander Partners.   Scott Sellers, managing director of Encore Consumer Capital, says: “This is a bittersweet day for Encore. We are pleased with the successful exit of Juice Tyme and feel that Highlander will be a great partner to carry the company forward. However, we will miss working with Juice Tyme’s talented and dedicated management team. It has been a pleasure working with them as they

Private equity firm Parthenon Capital Partners has completed its acquisition of Bracket from Express Scripts Holding Company.   Bracket, a specialty services provider, assists pharmaceutical companies and CROs maximise clinical data integrity and ultimately achieve greater certainty in trial outcomes with a unique range of solutions that span both eClinical and Scientific Services. With more than a decade of experience, Bracket’s team of experts has worked on more than 1,100 successful trials across 47 therapeutic areas with a particular emphasis on the central nervous system.   “As an independent company, Bracket will now have the autonomy, flexibility and resources to

Nordstjernan is to sell 100 per cent of the shares in KMT Group to American Industrial Partners (AIP).   KMT designs and manufactures products using ultrahigh-pressure (UHP) pump technology in industrial manufacturing, surface preparation, and food processing applications.   Headquartered in Baxter Springs, Kansas, KMT has more than 400 employees and a turnover of approximately USD160m. Its products are available in more than 60 countries and are manufactured at facilities in the US, Sweden and China.   AIP will acquire KMT for an enterprise value of USD147.5m, representing a 6.4x multiple of adjusted 2012 EBITDA.   Tomas Billing, chief executive

Ernst & Young’s global technology update for the second quarter of 2013 shows a mixed picture, with private equity (PE) deal-making soaring while corporate deal-making continued a three-quarter-long slide.   At USD33.4bn, the aggregate value of all disclosed-value deals is essentially flat year-over-year (YOY) and down eight per cent sequentially from Q113. Deal volume in Q213 fell to the lowest level since 2010 with 627 deals, down 14 per cent YOY and five per cent sequentially.   In contrast, PE volume increased for the second consecutive quarter, up 10 per cent YOY and 24 per cent sequentially. PE’s aggregate value