Angela Sormani
bmp media investors has acquired a 13.5 percent interest in Berlin-based muchasa in a round of financing. Muchasa stands for multi-channel sales. The company operates e-commerce shops and channels.
Insignia Capital Group has acquired Truco Enterprises from Arbor Investments and Truco’s co-founders. Terms of the transaction were not disclosed. Founded in 1991 and based in Dallas, Truco is a developer and marketer of tortilla chips, salsa and queso.
Onex Corporation and Canada Pension Plan Investment Board have completed the sale of Gates Corporation, Tomkins' principal remaining business. Blackstone has acquired the business for $5.4 billion.
Kinderhook Industries has reached a first and final close of its fourth private equity investment fund, Kinderhook Capital Fund IV. Fund IV was launched twelve weeks ago with an initial target of $400 million and closed oversubscribed at its hard cap of $500 million.
Catch up on the latest headlines after the long weekend including hiring plans at New Jersey and NYC Office of the Comptroller, Kayne Anderson closing a new senior credit fund and Silicon Valley retains its venture crown.
Caraustar Industries, a portfolio company of H.I.G. Middle Market, is to acquire The Newark Group. Headquartered in Cranford, NJ, Newark is a manufacturer of recycled paperboard, linerboard, industrial tubes, cores and other converted product including book covers and packaging solutions.
The Sterling Group has acquired Roberts-Gordon. Headquartered in Buffalo, New York, Roberts-Gordon manufactures specialty commercial and industrial HVAC equipment as well as industrial process and finishing equipment.
Transilwrap Company, a converter and manufacturer of specialty film products, has acquired MetPro Group, a supplier of active and protective packaging systems. The Jordan Company acquired Transilwrap in November 2013. Financial terms of the private transaction were not disclosed.
TPG has formed a strategic partnership HS Group. HS Group is an independent, institutional investment firm providing long-term capital and strategic guidance to emerging hedge funds in Asia.
Ares Management is to acquire a majority stake in London-based residential developer and house builder London Square from Graphite Capital. Ares Management’s funds, investing alongside management, will back London Square’s development in Greater London, with the target of building 1,000 homes a year. The transaction is expected to close by the end of July 2014.