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Solace Capital Partners (Solace), a private equity firm focused on special situations investments in North America, has acquired tank and dome manufacturer CST Industries (CST).
Headquartered in Kansas City, MO, with a 125-year heritage, CST Industries provides storage systems, complementary or independent cover products, proprietary coating and lining services, field installation, inspection, maintenance and retrofit proficiency, to a wide range of end markets. The company has an installed base of more than 350,000 storage tanks and 18,000 covers across 125 countries. CST has nine sales offices across the United States, Mexico, Brazil, Spain, Argentina, UAE, Vietnam and Australia and operates
Kirkland & Ellis is advising funds managed by Oaktree Capital Management (Oaktree) on the acquisition of a stake in NL – HOLDING.
Oaktree is a leader among global investment managers specialising in alternative investments, with USD100 billion in assets under management as of 30 September 2017. The firm emphasises an opportunistic, value-oriented and risk-controlled approach to investments in distressed debt, corporate debt (including high yield debt and senior loans), control investing, convertible securities, real estate and listed equities. Headquartered in Los Angeles, the firm has over 900 employees and offices in 18 cities worldwide.
Founded in 2015, NL – HOLDING focuses on assisted reproductive
Frontenac, a Chicago-based private equity firm, is to sell AH Harris Construction Supplies, a leading distributor of specialty construction products, to HD Supply Holdings, Inc. (Nasdaq: HDS), one of the largest industrial distributors in North America.
The transaction is expected to close in the first quarter of 2018, upon the satisfaction of customary closing conditions, including obtaining required regulatory approvals.
Founded in 1916 and headquartered in West Hartford, CT, AH Harris supplies high-quality construction products and equipment for contractors, construction companies and government entities in the concrete construction, repair & restoration, road & bridge, rebar & rebar fabrication, waterproofing and
BaltCap and other minority shareholders have sold 100 per cent of the shares in Magnetic MRO, a full-service aircraft maintenance company headquartered in Tallinn, to Guangzhou Hangxin Aviation Technology (Hangxin) for EUR43 million.
The deal is expected to close by the end of March after all regulatory requirements and other closing conditions have been fulfilled.
“Magnetic MRO management has been actively looking for opportunities to expand into Asia, the highest growth market in aviation,” says the CEO of Magnetic MRO Risto Mäeots. “Hangxin’s location and service portfolio is complementary to Magnetic MRO, creating substantial synergies and new business opportunities. For
BNY Mellon Investment Management has completed the sale of investment boutique CenterSquare Investment Management to the private equity firm Lovell Minnick Partners and CenterSquare’s management team.
Originally announced on 20 September, 2017, the terms of the transaction have not been disclosed.
Todd Briddell, CEO and CIO of CenterSquare Investment Management, says: “We are excited about the next phase of CenterSquare’s evolution, as we continue to bring premier real estate and infrastructure strategies to the market while investing in the development and growth of our company. Lovell Minnick shares our vision for the future of CenterSquare and we are delighted to partner
Private equity firm ClearLight Partners has made a majority investment in Paul Fredrick, a designer and direct-to-consumer retailer of men’s apparel and related accessories. Terms of the transaction have not been disclosed.
Paul F Sacher, Founder of Paul Fredrick, says: “Over the years, we have remained true to our original mission – to offer high quality men’s dress and casual shirts at a great value. The management team and I are excited to have ClearLight support the Company as it enters its next phase of growth. Paul Fredrick will remain committed to providing great style at everyday prices, along with
Allegion, a global security products and solutions provider, has acquired Technical Glass Products (TGP) through one of its subsidiaries.
Established in 1980, TGP is a leading North American manufacturer of advanced fire-rated entrance and wall systems for institutions and non-residential buildings. Its product lines include fire-rated glass and frames for doors, entrances and wall systems – a natural extension of Allegion’s core product lines. TGP’s product brands include the FireLite family of fire-rated ceramic glass, Pilkington Pyrostop fire-rated wall panels, Fireframes family of fire-rated frames and others.
“Bringing TGP – with a leading market position, as well as a solid
Sadis & Goldberg has expanded its private equity, investment funds and corporate practices with the addition of partner Paul J Marino (pictured) who advises national and multinational hedge funds, private equity funds and corporations, ranging from telecommunications to technology companies, as well as commercial real estate investors and investment advisers.
Marino has considerable experience in the financial services industry, having organised and represented hedge funds, private equity funds and corporate entities in connection with various matters including corporate transactions and mergers and acquisitions.
“Sadis, like Marino Partners, focuses on superlative client service and excellent work product, and that quality, combined
By Mary Beth Hamilton – The new year is upon us so time for predictions, watch lists and resolutions. Here’s our take on some technology trends we see within our client base as well as buzzing across the industry.
Cloud Transformations: Hybrid Grows & Connections Matter
In 2017 hybrid cloud gained traction as companies embraced its ability to combine the benefits of dedicated private environments with on-demand public cloud resources and application sets. In 2018 we expect broader mainstream hybrid adoption for everything from application and infrastructure services to disaster recovery.
With hybrid cloud use increasing, the importance of
Aon, a professional services firm providing a broad range of risk, retirement and health solutions, has completed its acquisition of The Townsend Group (Townsend), majority owned by Colony NorthStar, Inc.
Townsend is a provider of global investment management and advisory services primarily focused on real estate and real assets.
“We are excited to welcome the Townsend organisation into Aon and further enhance our investment solutions in areas that are of increasing importance to our clients,” says Cary Grace, chief executive officer of Global Retirement & Investment Solutions at Aon. “Working together, our combined teams will continue to expand our
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