OEP Completes Carve Out of TechnipFMC’s Measurement Business
Private Equity Professional
by John McNulty
20h ago
One Equity Partners has completed the all cash $205 million acquisition of the measurement solutions business of publicly traded TechnipFMC. The business, which was rebranded at closing as Guidant, was part of TechnipFMC’s surface technologies segment and operates through three units: metering products; metering systems; and terminal management. Guidant’s metering products and systems include positive…... This content is for members only. Visit the site and log in/register to read ..read more
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Arsenal Clubs Up On Poly-Wood Buy
Private Equity Professional
by John McNulty
20h ago
Arsenal Capital Partners and BayPine have partnered on the acquisition of Poly-Wood, a portfolio company of Mayfair Capital Partners, a division of Oxford Financial. Poly-Wood is a vertically integrated build-to-order manufacturer of recycled – from post-consumer and post-industrial sources – high-density polyethylene (HDPE) outdoor furniture and related products with more than 25,000 unique product options…... This content is for members only. Visit the site and log in/register to read ..read more
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Percheron Doubles Up and Hard Caps Second Fund
Private Equity Professional
by John McNulty
20h ago
Percheron Capital has held an oversubscribed and hard cap close of its second fund, Percheron Capital Fund II LP, with $1.55 billion in commitments. Limited partners in Fund II include both new and returning university endowments, charitable foundations, pension funds, financial institutions, family offices and fund-of-funds. Percheron’s first fund, Percheron Capital Fund I LP, closed…... This content is for members only. Visit the site and log in/register to read ..read more
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L Catterton Invests in Storyteller Overland
Private Equity Professional
by John McNulty
20h ago
L Catterton has made an investment in Storyteller Overland, a maker of premium Class B RV and expedition vehicles. Storyteller’s vehicles, including MODE adventure vans and GXV HILT adventure trucks, are sold through more than 40 dealers located across the United States. In addition to its vehicle products, Storyteller sells adventure gear and related accessories…... This content is for members only. Visit the site and log in/register to read ..read more
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Trinity Hunt Establishes Coker as New Platform
Private Equity Professional
by John McNulty
3d ago
Trinity Hunt Partners has acquired Coker Group, a provider of healthcare advisory services. Coker provides performance transformation, transaction advisory, and compliance consulting services to hospitals, physician groups, private equity-backed platforms, and other healthcare providers. Trinity Hunt will use Coker as a platform investment in the healthcare advisory services sector and will support the company through…... This content is for members only. Visit the site and log in/register to read ..read more
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Persistence Takes Neighbourly Private
Private Equity Professional
by John McNulty
3d ago
Persistence Capital Partners (PCP) has closed its take private of publicly traded Neighbourly Pharmacy, a network of independent pharmacies, for C$415 million plus an earnout of up to another $14 million of consideration. Neighbourly Pharmacy (TSX: NBLY) owns and operates a chain of retail pharmacies in Canada. According to the company, it is Canada’s largest…... This content is for members only. Visit the site and log in/register to read ..read more
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Capstone: Middle Market Participants are Optimistic for a Recovery in 2024
Private Equity Professional
by John McNulty
3d ago
Capstone Partners has released its 2023 Middle Market M&A Valuations Index which shows that while equity markets largely shrugged off the rapid succession of interest rate hikes in 2023, middle market merger and acquisition valuations experienced downward pressure. According to Capstone, elevated transaction costs, uncertainty over projected cash flows, and a reserved private equity buyer…... This content is for members only. Visit the site and log in/register to read ..read more
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Allied Grabs a Ride with Buy of Celebrity Coaches
Private Equity Professional
by John McNulty
1w ago
Allied Industrial Partners has made an investment in Celebrity Coaches, a provider of transportation services to the live events and entertainment sector, in partnership with the company’s founder and senior management team. Celebrity Coaches provides designing, fabricating, and leasing services for custom luxury motorcoaches used across America by artists in the entertainment industry as well…... This content is for members only. Visit the site and log in/register to read ..read more
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Praesidian Sells Biologos to Ampersand
Private Equity Professional
by John McNulty
1w ago
Praesidian has sold its investment in Biologos, a provider of sterile-filtered biological products for veterinary, pharmaceutical, and medical research applications, to Ampersand Capital Partners. Biologos is a manufacturer of standard and custom cell culture media, reagents, buffers, and sera that are used, typically in a controlled environment like a petri dish or a flask, for…... This content is for members only. Visit the site and log in/register to read ..read more
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Comvest Closes Sixth Flagship Fund
Private Equity Professional
by John McNulty
1w ago
Equity and debt investor Comvest Partners has closed its sixth flagship private equity fund, Comvest Investment Partners VI LP, with total capital commitments of $881 million. Fund VI received commitments from a range of limited partners including foundations, insurance companies, pension funds, asset managers, consultants and family offices. Like its earlier funds, Fund VI will…... This content is for members only. Visit the site and log in/register to read ..read more
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