Evergreen Pacific Partners (Evergreen) has acquired Thermal Dynamics, an Ontario, California-based supplier of advanced technology heat exchangers for the automotive, truck, motorcycles, and military equipment industries. Evergreen’s acquisition will provide Thermal Dynamics access to significant capital and strategic resources positioning the company for further growth. The Thermal Dynamics’ senior management team will remain in place and work with Evergreen to expand market share and continue the development of new products.   “Through the support of Evergreen’s financial resources and operating backgrounds, as well as their impressive track record of success, we are laying the foundation for our continued success and

Dallas-based private equity firm glendonTodd Capital has acquired Aztec Systems, Inc, a provider of enterprise technology solutions to hundreds of US middle-market companies. Terms of the transaction have not been disclosed. As one of the largest providers of managed services in the Southwest, Aztec’s approach focuses on four core practice areas – Microsoft Business Solutions, Data Center Solutions, Infrastructure Solutions and Software Development. Recently ranked 27th in revenue on Bob Scott’s 2012 Top 100 VARS list, Aztec Systems, Inc. (Aztec) is in its 20th year of providing high-impact business solutions to over 700 middle-market clients across the south-central region of

Germany’s private equity investors are currently very cautious about new investments. Deals in the German private equity market are correspondingly rare. Company valuations are too high, while access to external finance remains difficult. However, there are signs that the market could have bottomed out. Those are the key findings of the private equity panel polled three times a year by CMS Hasche Sigle and FINANCE. The survey covers some 40 private equity firms, with partners being asked anonymously about their assessment of the market. "The German economy is still in excellent shape despite all the risks. That also applies to

Ambienta SGR has agreed to invest in FoundOcean Ltd, a leading contractor of subsea and offshore foundation grouting services to the oil & gas and offshore wind sector. FoundOcean has experienced exceptional growth in recent years, leveraging its reputation for technical and processing excellence in a critical segment of the offshore energy production value chain.  Building on a strong client base in the North Sea, the Company has developed into a global leader, with activities spanning from the Gulf of Mexico to the Indian Ocean. The surge in offshore wind development, notably in Germany and the UK, is providing further

North Castle Partners is to sell Cascade Helmets Holdings, a manufacturer and distributor of men’s and youth lacrosse helmets in North America, to Bauer Performance Sports Ltd (TSX: BAU) for a purchase price of USD64 million, payable in cash and subject to adjustment. The Acquisition is expected to close on or about June 29, 2012, subject to satisfaction of customary closing conditions. Cascade is the leading designer, developer, manufacturer and marketer of lacrosse helmets and eyewear in North America, and is a leading and well-recognised brand in the broader lacrosse equipment industry. In addition to Cascade’s lacrosse business, the acquisition

Valeant Pharmaceuticals is to acquire OraPharma, a specialty oral health company that develops and commercialises products that improve and maintain oral health, from Water Street Healthcare Partners, a private equity firm focused exclusively on the health care industry. Total consideration is approximately USD312 million and up to USD114 million in potential contingent payments based on certain milestones, including revenue targets. OraPharma’s lead product is Arestin, a locally administered antibiotic for the treatment of periodontitis that utilises an advanced controlled-release delivery system and is indicated for use in conjunction with scaling and root planing for the treatment of adult periodontitis. OraPharma

Munich-based venture capital firm Target Partners has made a seven-figure investment in doo GmbH (www.doo.net). doo’s main objective is to make the paperless office a reality by means of a cloud-based platform that organises documents intelligently. Equipped with apps for the relevant operating systems, doo is geared toward consumers and smaller businesses. The Bonn-based company will use the funding to support its market entry. Frank Thelen, Marc Sieberger and Alex Koch, managing directors at doo, have set out to “revolutionise the way we use paper every day.” doo automatically identifies and sorts document types, analyses and structures content, and intelligently

In a review of 1,350 deals done between 2007-2011, CMS’ fourth annual M&A Study highlights some key differences in the legal provisions used in merger & acquisition agreements across Europe and the US. Thomas Meyding, Head of CMS Corporate Group, says: "2011 was a good year for sellers. The fact that there are a few more buyers looking to do deals, and particularly private equity houses with funds to invest, means that sellers can be more robust in their negotiations. However, our analysis of the deal structures used illustrates some fascinating variations in international markets. For businesses looking to do

Encore Capital has completed an investment into Technical Software Consultants Limited (TSC), a designer and manufacturer of non-destructive testing equipment. The transaction was supported by Octopus Investments (Octopus), which provided a GBP3m facility to enable the acquisition. Encore has acquired a majority shareholding, providing a partial exit for TSC’s two owners, David Topp and Martin Lugg, who will continue as directors and shareholders in the business.   TSC uses its proprietary electromagnetic ACFM technique to detect and size cracks in metals. Established in 1984, TSC is highly profitable, selling its equipment globally via an international network spanning over 40 countries.

Balance Water Inc has closed on a Series A financing round from Emil Capital Partners, Thomas H Lee and Hugh Jackman. Balance is a non-flavoured functional beverage bottled locally in California, New York, Sydney, Australia and next month in Cologne, Germany. Its point of difference is the use of wild harvested Australian flowers that it infuses into its five main products, Mind, Relax, Refresh, Digest and Travel. Similar in function and benefit to certain herbal teas, though without any flavour, the Balance range is expanding out of specialised natural products channels into mainstream retail. "We’ve worked hard over several years