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Arsenal Capital Partners’ specialty polymers and additives platform, Polymer Solutions Group (PSG), has acquired Sasco Chemical Group (Sasco Chemical), a manufacturer of specialty chemicals for the rubber, wood, consumer and medical industries.
Headquartered in Albany, Georgia and founded in 1948, Sasco Chemical is a leading manufacturer of rubber anti-tack agents in North America with its PolyCoat, TechKote and Sasco Cote product lines. Sasco Chemical has a research and development center in Macon, Georgia, produces more than 1,200 products and distributes them globally.
PSG was formed by Arsenal in June 2015 with the acquisition of Peach State Labs, Inc. (Peach State
Silverfleet Capital, the European private equity firm specialising in mid-market buyouts, has agreed to sell the Kalle Group to a fund managed by Clayton, Dubilier & Rice (CD&R). The deal is still subject to anti-trust clearance.
Kalle is a global supplier of industrially produced casings for meat products. Silverfleet Capital expects to achieve an investment multiple of 3.5 on an investment of EUR71.5 million. The Internal Rate of Return (IRR) is 22.5 per cent.
Silverfleet Capital acquired a majority stake in the Kalle Group in 2009. Today, Kalle employs some 1,700 people operating from 16 production facilities in 9
The Initial Public Offering (“IPO”) of ordinary shares of Technogym, a world leading supplier of technology and design-driven products and services in the Wellness and Fitness industry, yesterday completed for a listing on the Mercato Telematico Azionario (MTA), organised and managed by the Borsa Italiana SpA.
Gross proceeds of EUR162.5 million will be raised by Arle for the funds it manages, by listing 25 per cent of Technogym’s share capital. A 15 per cent stake will be retained by Arle, reducing to 11.25 per cent if the greenshoe option is fully utilised. Arle will enter a lock-up period of 180
Avery Dennison is to acquire the European business of Mactac from Platinum Equity, a California-based private equity firm, for the purchase price of EUR200 million including assumed debt.
With 2015 year-end run-rate revenues of EUR147 million, or approximately USD170 million, and approximately 470 employees, the business is a leading manufacturer of high quality pressure-sensitive materials, serving several high-value segments, including graphics, specialty labels and industrial tapes. Mactac’s core product lines complement Avery Dennison’s existing graphics portfolio.
“The acquisition of Mactac Europe enhances our competitiveness in high-value graphics, where we have sustained above-average growth over the past few years,” says Dean
Social Impact Ventures NL (Social IV), the management company for Social Impact Venture Fund I (Fund I), has successfully closed on EUR19 million in new commitments from the European Investment Fund and non-institutional investors.
Social IV previously had a first closing of Fund I in July 2015 at EUR11 million and now has a total EUR30 million capital under management to provide growth equity to social entrepreneurs. The final closing of this fund is expected July 2016.
Fund I is a Netherlands-based growth investment fund in the form of a cooperative: its investors are therefore members. The initial group
Lion Capital, a consumer-focused investment firm known for their international expertise with brands including AllSaints, Jimmy Choo, John Varvatos and Alex and Ani, is to acquire a minority interest in Authentic Brands Group (ABG).
The terms of the transaction have not been disclosed.
Headquartered in New York City, ABG is a brand development company which owns a leading global portfolio of iconic fashion, sports and entertainment brands. ABG’s mission is to acquire, manage and build long-term value of consumer brands through partnering with best-in-class licensees and retailers. ABG’s current brand portfolio includes more than 23 world-renowned brands
Private investment firm Inverness Graham has acquired Kalkomey Enterprises, as well as its first add-on, Outdoor Roadmap.
Kalkomey, which closed in December, is the first investment out of Inverness Graham III, a USD283 million fund that was raised in 2015. Founded in 1995 and headquartered in Dallas, Texas, Kalkomey is a leader in online recreational safety education for state required certifications. Using a web-based delivery model, the Company delivers educational content and tests through its proprietary e-Learning platform. In addition, Kalkomey offers value-added SaaS services for states to manage certification records, in-person educational testing elements, and the back-end reporting
Abbott is to acquire St Jude Medical, creating a medical device specialist with top positions in high-growth cardiovascular markets, including atrial fibrillation, structural heart and heart failure as well as a leading position in the high-growth neuromodulation market.
Under the agreement, St Jude Medical shareholders will receive USD46.75 in cash and 0.8708 shares of Abbott common stock, representing total consideration of approximately USD85 per share. At an Abbott stock price of USD43.93(2), this represents a total transaction equity value of USD25 billion. The combined company will have an industry-leading pipeline expected to deliver a steady stream of new medical device
TPG Growth, the middle market and growth equity investment platform of TPG, has closed its acquisition of Frank Recruitment Group (FRG), a global staffing and recruiting business focused exclusively on the enterprise software market.
TPG Growth acquired a majority stake in FRG from its founders and UK-based mid-market private equity firm Livingbridge. Livingbridge invested in the Company in 2013 to help it continue to diversify and expand globally.
“We are immensely proud to partner with TPG Growth. They have a history of anticipating trends in technology and investing in some of the most innovative and transformative companies in the world,”
Seabury Group’s recently formed Seabury Global Markets (SGM) entity has made an initial investment and entered into a multi-year, strategic relationship with Spotex, an FX ECN focused on improving foreign exchange and precious metals trading for both buy and sell-side participants.
The new agreement follows the January 2016 announcement of a Joint Product Offering, in which the companies agreed to combine certain products and work together to expand each other’s client base. SGM intends to help develop certain Spotex technology and further grow Spotex’s distribution footprint as part of the Seabury Group of companies.
“We are excited to build on
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