Private equity investment firm Bunker Hill Capital has sold its portfolio company, California Family Fitness (CFF) to Perpetual Capital Partners, a private investment firm based in Washington, DC. Headquartered in Orangevale, California, CFF is an owner and operator of fitness centres in the greater Sacramento, California area. CFF currently has 19 mid-to-large format club locations, each of which offers a selection of modern exercise equipment, swimming pools and basketball/racquetball courts as well as member services such as fitness class instruction, child care, tanning, sauna and steam rooms, and organised sports leagues.   Rufus Clark, a Managing Partner of Bunker Hill

HIG Capital (HIG) has completed the sale of its portfolio company, Infogix to an affiliate of Thoma Bravo, a private equity firm focused on investing in software and technology-enabled businesses. Infogix, headquartered in Naperville, IL, is a provider of data analytics and integrity solutions to Fortune 1000 companies primarily in the healthcare, financial services, insurance, and media/communications industries. The Company’s software is an integral component of the daily operations of its customers by providing benefits including improved operating efficiency, data integrity, increased profitability, and accelerated revenue growth. The Company’s solutions uniquely enable customers to automate the process of capturing and

Rand Capital Corporation is to sell its 31.25 per cent holding in Gemcor II. The transaction is anticipated to close in the first quarter of 2016, subject to all customary approvals and closing conditions. Gemcor develops and manufactures automated fastening systems used by virtually every airframe manufacturer throughout the world. Rand made its initial investment in Gemcor in 2004. Its equity cost basis is currently USD625,000 and it expects to receive gross cash proceeds of approximately USD14 million upon the completion of the Gemcor sale. At 30 September, 2015, Gemcor represented approximately 27 per cent of Rand’s total portfolio, with a fair value of

Middle-market private equity firm Highlander Partners has sold MEDI-system to the Paris Euronext listed ORPEA, a European specialist in long-term, post-acute and psychiatric care services. For the last four years, MEDI-system, Poland's number one private dependency care provider, was a Highlander Partners' investment. ORPEA has acquired 90 per cent of the shares of MEDI-system, with the remaining 10 per cent retained by Dr Marcin Zawadzki, the founder of MEDI-system and its CEO for many years.   MEDI-system is the Polish market leader in long-term care. Founded in 2001 by Dr Marcin Zawadzki, the company has developed a unique network of

Audax Private Equity (Audax) has completed the sale of Chesapeake IRB (Chesapeake) to Linden Capital Partners (Linden), a Chicago-based private equity firm. Chesapeake is a leading technology-enabled provider of legally-mandated, institutional review board (IRB) services designed to ensure the protection and welfare of human subjects involved in clinical trials in the United States and Canada. Since Audax’ initial investment in 2012, Chesapeake has completed three acquisitions, expanding the company’s market share and geographic reach across the United States and Canada. Geoffrey S Rehnert, Co-CEO of Audax Group, says: “Jeff Wendel and the Chesapeake team have done a tremendous job in

Noerr has advised Holtzbrinck Ventures and Rocket Internet on the sale of the start-up Classmarkets (Berlin) to the Scout24 Group. The parties have agreed to keep the price of the purchase confidential. Classmarkets is a leading supplier of software-as-a-service (SaaS) solutions for online classified marketplaces of publishing and media companies and runs around 70 online marketplaces (real estate, job vacancies and cars) – in particular for regional publishing companies. The meta-search engine “Immobilo” also belongs to Classmarkets.   Noerr often advises on significant transactions in the private equity and venture capital sector, with recent mandates including for example the Apollo

Private equity firm HIG Capital has sold its portfolio company, Big Tex Trailers – a manufacturer and retailer of professional-grade open utility trailers and truck beds – to Bain Capital Private Equity. HIG recapitalised the company in 2012 alongside founder and former owner Ricky Baker. Since then, the company has made significant investments in additional manufacturing facility infrastructure, automation, manufacturing best practices, marketing initiatives, management team augmentation and addition of new dealers and company-owned retail stores.   Roman Krislav, Managing Director of HIG, says: “Big Tex is an exceptional company with a strong value proposition and outstanding growth profile. We

Audax Private Equity (Audax) has sold KODA Distribution Group (KDG) to Azelis Group, a portfolio company of funds advised by Apax Partners. Azelis is headquartered in Antwerp, Belgium and is a leading global specialty chemicals distributor with revenues over EUR1 billion.   KDG is a leading specialty chemical distributor in North America. Since Audax’ initial investment in 2010, KDG has completed seven acquisitions, transforming from a regional CASE (Coatings, Adhesives, Sealants & Elastomers) focused distributor to a multi-vertical distributor to the CASE, Specialty Agriculture, Personal Care, Industrial, and Pharma/Nutrition end markets with presence across all of North America.   Geoffrey

BGF has exited its investment in The Exchange Lab, a programmatic marketing solutions company, following its acquisition by WPP for an undisclosed sum. The Exchange Lab’s people and technology will be integrated into WPP’s GroupM.  Minority shareholder BGF (Business Growth Fund) provided GBP5 million of growth capital to The Exchange Lab in November 2013. The company invested BGF’s capital in its proprietary Proteus platform, integrating an additional eight Demand Side Platforms (DSPs) and boosting campaign automation by developing advanced APIs. The Exchange Lab also embarked on a focused sales strategy in North America, delivering top line growth and demonstrating commercial

Private equity firm Encore Consumer Capital has completed the sale of its portfolio company, FreshKO Produce Services to C&S Wholesale Grocers, the largest wholesale grocery supply company in the United States. 
Scott Sellers, Managing Director of Encore Consumer Capital, says:, "It has been a great pleasure for us at Encore to have partnered with Randal Shepherd, Manny Robles and the rest of the talented team at FreshKO since our investment in 2012. Their ability to expand FreshKO's customer base and attract a strong partner like C&S exceeded our expectations." 
"Encore has been a great partner over the past three years.