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Lower middle-market private equity from Superior Street Partners has acquired Riverbend Nursery.
Union First Market Bank provided the senior debt financing for the transaction, in addition to providing continuing working capital support.
Based in Virginia, Riverbend Nursery is a producer and distributer of perennial plants, herbs, and ground cover, with sales primarily to the independent garden centre and landscape contractor markets. The company was founded in 1984 by Jim Snyder, who will remain chief executive officer.
Jon Herbst, president of Superior Street Partners, says: "The core operations and focus on quality production and superior customer service
The Business Growth Fund (BGF), established to help the UK’s growing smaller and medium sized businesses, has expanded its Talent Network team in the north with the appointment of Victoria Robson.
Robson joins BGF’s Leeds office and will further develop the firm’s relationships with a broad network of experienced business leaders across the region.
Robson’s role as Talent Network manager will be to cultivate BGF’s relationships with a range of experienced senior business leaders in order to offer BGF investee companies access to a pool of expert talent. BGF has already introduced 48 senior non-executive chairman and directors to
Omnes Capital, a specialist in private equity investment owned by employees, is strengthening its organisation and making adjustments to its governance arrangements to prepare for a new stage in its development.
Benjamin Arm has been named head of the buyout and growth capital business, for which Fabien Prévost previously had direct responsibility.
This business encompasses the 12 investors in the small cap and mid cap buyout and growth capital and mezzanine teams. With EUR540 million under management and two funds currently being raised, they support SMEs with an enterprise value of less than EUR150 million with their expansion and buyout plans.
KKR and Borealis Maritime has acquired a portfolio of nine feeder container vessels in a sale process coordinated by Commerzbank.
The vessels were previously owned by a number of German KG funds and were originally financed by Commerzbank. Financial details of the transaction were not disclosed.
In 2013, KKR and Borealis Maritime formed a joint venture named Embarcadero Maritime to invest in distressed shipping assets. Since its formation and including the most recent acquisition, Embarcadero Maritime has acquired 27 vessels in nine separate transactions and its current fleet includes a mix of chemical tankers, feeder container vessels and small
Alternative asset manager The Carlyle Group has closed a collateralised loan obligation (CLO) fund in the US totalling approximately USD816 million.
The CLO, arranged by Citigroup, is the firm’s third of 2014 in the US.
Carlyle GMS CLO 2014-3 will invest predominantly in senior secured bank loans.
Including these latest closings, in 2014 Carlyle has raised approximately USD3.23 billion in CLOs — USD2.16 billion in the US and USD1.07 billion (EUR777 million) in Europe, the second consecutive year in which Carlyle has raised more than USD3 billion in new issue CLOs.
Mezzanine finance specialist Attract Capital is expanding to the UK.
The firm was founded in New York in the year 2000 to provide middle market companies direct access to the mezzanine lending market.
According to founder David Barnitt, the UK is an under-served mezzanine market, particularly in the lower middle market.
"The UK market has many great up and coming companies in need of capital to get to the next level. We believe our lending platform and structuring expertise will deliver the financing these companies need," Barnitt says. "Mezzanine loans are both flexible and bespoke, and can be
International investment bank Altium has advised Enterprise Foods in securing investment from London-based private equity investor Hattington Capital, along with funding support from Clydesdale and Yorkshire Bank.
Enterprise Foods is a UK technology enabled supplier of a wide range of craft bakery and other food products. The company’s national supplier coverage enables it to provide over 35,000 product lines, supplied to its customers by more than 400 accredited supply partners.
The deal follows the management buyout led by Tony Moloney, chief executive of Enterprise Foods, seven years ago.
The team at Altium, comprising managing director Simon Lord, director
Cressey & Company and Level Equity Management have sold Strategic Healthcare Programs (SHP) to Roper Industries, a diversified technology company.
SHP, headquartered in Santa Barbara, California, is a provider of software and informatics solutions to the post-acute healthcare market. SHP delivers data-driven insight to thousands of post-acute organisations, such as home health, hospice and long term care.
C&C and Level Equity invested in SHP in December 2012 and partnered with SHP's management team over the past two years to expand the company's footprint, broaden its technology solution and strengthen its market position.
"SHP is a clear leader in providing
ARCH Venture Partners’s eighth venture fund has closed with more than USD400 million in subscriptions.
ARCH Venture Fund VIII exceeded its USD250 million subscription target by more than USD150 million.
"The enthusiasm behind Fund VIII shows the strength and potential of our approach to finding and funding new platform technology companies that can transform their industries through disruptive innovation," says ARCH co-founder and managing director Robert Nelsen.
ARCH will deploy this fund exclusively in early-stage technologies that can fundamentally change the healthcare, energy, and materials sectors. ARCH's search for disruptive technologies is global, with technology sourcing or investment
Phil Sanderson, the former head of Travers Smith’s London private equity team, is joining Ropes & Gray as a partner in the firm’s London office.
Sanderson has established himself as one of the top private equity lawyers in the UK market over his 20-year career, and he has consistently ranked in the top tiers of Chambers UK and The Legal 500.
Particularly known as a market leader in mid-market private equity transactions, Sanderson advises private companies, institutional investors and management teams in all areas of private equity, UK and international buy-outs, and strategic M&A transactions.
In joining Ropes
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