High Road Capital Partners has sold portfolio company Panos brands, marking the fifth exit for the firm’s debut fund, High Road Capital Partners Fund I. Rochelle Park, New Jersey-based PANOS is a leading manufacturer and marketer of natural and specialty food products whose portfolio of brands includes KA-ME Asian foods, Andrew & Everett hormone-free cheeses, MI-DEL gluten-free and peanut-free cookies and pie crusts, Sesmark rice- and wheat-based crackers, Amore cooking pastes and filled pastas, and Chatfield’s allergen-friendly baking products. The company was acquired by Hammond, Kennedy, Whitney & Company, Inc. Transaction terms have not been disclosed.     “We acquired

InfraVia Capital Partners is to sell circa 25 per cent of Aurora Infrastructure Oy (Aurora) to funds managed by Access Capital Partners (Access) and Pantheon Ventures (Pantheon). With circa 5,000 GWh of electricity distributed each year to industrial clients (6 per cent of Finland’s total electricity consumption), Aurora is a prominent player in the Nordic distribution market. It focuses on providing highly reliable distribution to critical industrial sites such as Röyttä in Tornio (Finland) where it serves Outokumpu’s manufacturing units and Kilpilahti near Porvoo (Finland) where it distributes electricity to the largest chemical concentration in the Nordics, with Neste and

3M is to sell its Pressurized Polyurethane Foam Adhesives business (formerly known as Polyfoam) to Innovative Chemical Products Group (ICP Group), a portfolio company of Audax Private Equity. Terms of the transaction have not been disclosed. 3M’s Pressurized Polyurethane Foam Adhesives business is a provider of pressurized polyurethane foam adhesive formulations and systems into the residential roofing, commercial roofing and insulation and industrial foam segments in the United States, with annual sales of approximately USD20 million. The product offering includes a two-component roof tile adhesive that professional roofers use to attach concrete or clay roof tile. The business also offers

Clearwater International as advised the shareholders of building product and servicing firm Gledhill on its sale to Groupe Atlantic, a specialist in heating, ventilation and air conditioning with a tunrover in excess of EUR1 billion. With a nationwide customer base supplied by a network of manufacturing/distribution depots, Blackpool based Gledhill is the largest privately owned hot water cylinder manufacturer in the UK and has been in business since the Second World War. The business operates under a number of trading names including Gledhill Building Products, Gledhill Response and Gledhill Spare Parts.    Groupe Atlantic has been looking for a route

Clearwater International has advised shareholders of education finance specialists HCS Education on its sale to Access Group. HCSS Education provides  practical and effective software-as-a-service (SaaS) solutions to schools. Consistently adding value through its extensive experience and knowledge of the education sector, the business’ objective is to ensure that schools, academies and local authorities have the tools, support and guidance to ensure effective financial management. Its core financial planning products are soon to be joined by a market-leading full accounting software package which will also be delivered as SaaS.   Access is a leading author of integrated business management software. Its

Impax Asset Management (Impax) has completed the sale of a 51 per cent stake in Ballycadden Wind Farm, near County Wexford, Ireland to the Greystone Infrastructure Fund. The wind farm has an installed capacity of 24 MW and is powered by nine Enercon turbines which were connected to the grid during the first half of 2013.   The acquisition represents the Fund’s inaugural investment in the European market and provides its institutional investors with an opportunity to gain long-term exposure to the European renewable energy sector.   “We are very pleased to be adding this investment to our infrastructure portfolio

Omnes Capital and Parquest Capital are selling their stakes in Vivalto Santé to a group of investors led by CDC International Capital and including Mubadala, insurer MACSF and Daniel Caille, Vivalto Santé's chairman and founder. Vivalto Santé's management, long-standing non-controlling shareholders BNP Paribas Développement, Crédit Mutuel Arkéa and Unexo, and its practitioner-shareholders are retaining their interest in the company and taking part in this new funding round.   Vivalto Santé was created by Daniel Caille – supported from the outset by Omnes Capital and Parquest Capital – through the acquisition of Brittany-based group Cliniques Privées Associées (CPA) in 2009.  

FS Investment Corporation IV (FSIC IV), a new business development company sponsored by Franklin Square Capital Partners (Franklin Square), has registered for public sale in a continuous offering up to 250 million shares of common stock. FSIC IV is a publicly registered, non-traded business development company (BDC) focused on investing primarily in the senior secured debt of private middle market US companies, with the investment objective of generating current income and, to a lesser extent, long-term capital appreciation. It is one of the first BDCs to launch with a commission structure that is responsive to FINRA Regulatory Notice 15-02, lowering