Private equity firm Thoma Bravo has completed its sale of InfoVista, a specialist in service performance assurance solutions for IP-based network and application services, to Apax Partners. Financial terms of the transaction have not been disclosed. “The sale is a tremendous outcome for both our investors and InfoVista, and empowers the company to continue its successful growth trajectory,” says Robert Sayle, a partner at Thoma Bravo. “It serves as the culmination of a complex take-private transaction on a European exchange, the execution of two major acquisitions, and a deep partnership with management to accelerate the company’s organic growth. I know

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

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

Nordic Capital Fund VII has sold its remaining shares in Thule Group AB (Thule). Following the sale, Nordic Capital Funds no longer hold any shares in Thule, after a nine-year holding period under which Thule has been transformed and developed into a consumer-oriented global leader in products for an active and mobile lifestyle. “It has been rewarding to follow and support Thule’s journey to the modern and international consumer company it is today. Through support during rough patches and a strategy that has involved both investing in new business areas and divesting others, Thule is now a strong, profitable and

Brazos Private Equity Partners, a Dallas-based private investment firm, has sold lifestyle apparel brand Southern Tide to Oxford Industries. Based in Greenville, South Carolina, Southern Tide aims to combine high-quality design with classic Southern style. The Company is widely known for its extensive selection of men’s shirts, pants, shorts, outerwear, ties, swimwear, footwear and accessories. Southern Tide recently launched a significant expansion in its women’s line, and now offers a complete women’s collection. Additionally, the Company’s products include a collegiate line featuring nearly 50 colleges and universities.  Tthe brand is available through the company’s website and at Nordstrom, Von Maur

HIG BioHealth Partners (HIG), the dedicated healthcare investment affiliate of private equity firm HIG Capital, has sold NeuWave Medical (NeuWave) to Ethicon, a medical device company of the Johnson & Johnson family of companies. NeuWave is a privately held medical device company that manufactures and markets minimally invasive soft tissue microwave ablation systems. Their products are currently used by physicians in leading cancer centers throughout North America. Financial terms of the transaction were not disclosed. Michael Wasserman, PhD, an HIG Managing Director and NeuWave board member, says: “Together with NeuWave’s talented management team, we successfully grew the company into a

Trowers & Hamlins' corporate team has advised the shareholders on the sale of cloud service provider Carrenza Limited to Six Degrees Technology Group Limited (6DG), for an undisclosed sum. Carrenza was an early promoter of enterprise cloud computing, launching the Carrenza Cloud in 2006, and provides Infrastructure as a Service (IaaS) and Platform as a Service (PaaS) cloud services for hosting mission-critical applications and websites for public, private and third sector clients, including RBS, de Bijenkorf, Majestic Wine, WWF and Age UK. Carrenza also host OFFICIAL security certified G-Cloud services with a public sector client base which includes Government Digital