Bernard Vaughan

This article originally appeared at the web site of Buyouts magazine, where Bernard Vaughan is an Associate Editor. CapitalSouth Partners has extended the target closing date for its third fund a full year because of market turmoil. Buyouts reported in March 2008 that the Charlotte, N.C.-based firm was set to close CapitalSouth Partners Fund III LP with a target of $330 million in May 2008. But in spring of last year the managers of the fund saw prospective investors were starting to delay commitments amid the growing economic uncertainty so they decided to extend the fundraising to May 2009, a source familiar with the effort told Buyouts. CapitalSouth, which invests in lower middle-market companies, began raising the fund in May 2007. No investors have reneged on previous pledges, however, and the fund has picked up several new investors this time around, such as the

Windjammer Capital Investors LLC is in talks to buy S.T. Specialty Foods Inc., a Brooklyn Park, Minn.-based maker of pasta and rice dishes, from Swander Pace Capital, according to a regulatory filing and an official at Windjammer Capital. Windjammer Capital will make the investment out of Windjammer Senior Equity Fund III LP, a $575 million vehicle […]

Levine Leichtman Capital Partners has agreed to sell Hackney Ladish, a portfolio company that makes steel pipe fittings used in the energy industry, to Precision Castparts Corp., a maker of metal components used in the aerospace and defense industry, according to a government filing, an investor in Levine Leichtman Capital and a release put out […]

The Riverside Company is in talks to buy Sencore Inc., a Sioux Falls, S.D.-based electronics company, according to a government filing and a source with knowledge of the talks. Sencore makes measuring instruments used in troubleshooting by broadcasters, manufacturers of broadcast hardware, video production engineers, cable operators, and retailers of audio and video and audio […]

J.H. Whitney & Co. LLC appears poised to acquire Igloo Products Corp., a Katy, Texas-based company that makes ice chests, beverage coolers and thermoelectric coolers, Buyouts reported. The Federal Trade Commission granted the New Canaan, Conn.-based buyout shop early termination of anti-trust review under the Hart-Scott-Rodino Act on Sept. 22. Such a clearance typically means […]

San Francisco-based Vector Capital has transformed from a venture capital firm into a $2 billion buyout juggernaut over the past 10 years, and now it’s getting into the debt side of the business. Managing Partner Alex Slusky tells Buyouts that the tech-focused shop has raised $200 million from a single limited partner to lend to technology companies […]

Lovell Minnick Partners LLC expects to close its third buyout fund by the end of the year, according to a source familiar with the fundraising. The firm is targeting $350 million for the fund, as reported in Buyouts in February. The El Segundo, Calif.-based shop held a first close of $220 million in June, our […]

Catterton Partners plans to raise its seventh fund early next year, a source familiar with the firm’s plans told Buyouts. The target is expected to range from $1.25 billion to $1.5 billion, according to the source. The Greenwich, Conn.-based shop has invested almost 60 percent of its $1 billion sixth fund, raised in 2006, That […]

Executives at River Associates Investments LLC, a lower mid-market shop, are plotting their sixth buyout fund and expect to start raising money from investors in 2009, a source familiar with the firm’s strategy told Buyouts. The Chattanooga, Tenn.-based firm has yet to hire a placement agent but would consider one with strong contacts to limited […]

Milestone Partners is set to close its third buyout fund sometime in September or October, a source familiar with the fundraising effort told Buyouts. The St. Davids, Pa.-based lower mid-market buyout shop had targeted $200 million but will likely close the fund closer to its hard-cap of $240 million, our source said. The firm recently […]