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The Gores Group LLC acquired substantially all of the assets and assumed certain liabilities from National Envelope Corp. through a Section 363 transaction under of the U.S. Bankruptcy Code. The acquired Frisco, Texas-based company makes 37 billion envelopes each year. The bankruptcy court approved the transaction on Aug. 23.
Charterhouse Group Inc., Highlander Partners and MTS Health Investors signed a definitive agreement to sell Chamberlin Edmonds & Associates, Inc., one of their portfolio companies, to Emdeon Inc. (NYSE: EM) for $260 million in cash. Chamberlin Edmonds is an Atlanta, Ga.-based provider of government program eligibility and enrollment services to over 200 acute care facilities in 30 states.
Avolon named Lucas Mollan as its chief technical officer. Mollan was managing director of Thomas Cook Group plc’s Thomas Cook Aircraft Engineering. Avolon is an aircraft leasing concern that has Cinven, CVC Capital Partners and Oak Hill Capital Partners as backers.
H.I.G. Bayside Capital closed H.I.G. Bayside Loan Opportunity Fund II LP, a special situation loan fund focused on distressed transactions, with $1.1 billion in commitments. The target was $1 billion.
London-based private equity investor Actis LLP acquired Vlisco Group for $151 million. Vlisco designs, makes and distributes 51 million yards of branded fabric a year for consumption primarily in West and Central Africa. The seller was Gamma Holding NV.
Evolution Capital Partners LLC sold Innerpac Inc. to a strategic buyer. Innerpac is a Cicero, Ill-based maker of corrugated and chipboard partitions. Evolution Capital added the business to its portfolio in November 2006.
Associated Materials LLC signed an agreement to be acquired by affiliates of Hellman & Friedman LLC for about $1.3 billion. Associated Materials is majority owned by affiliates of Investcorp and Harvest Partners. It makes exterior residential building products. The deal is expected to close in the fourth quarter.
Freeman & Co. LLC hired James Murray as a managing director in its New York office to expand its coverage in specialty finance and related areas. Murray’s investment banking experience spans 25 years. He has worked as a managing director at PaineWebber, as group head of North American corporate finance at Fox-Pitt Kelton and as group head of financial institutions at Houlihan Lokey.
Catterton Partners acquired a controlling stake in Alasko Foods Inc., a Montreal, Canada-based marketer of frozen fruits and vegetables. Financial terms were not disclosed.
Starwood Capital Group’s Groupe du Louvre affiliate sold Hotel Lutetia to Alrov. Financial terms were not disclosed. Hotel Lutetia is a 231-room property in the Saint-Germain-des-Pres neighborhood of Paris, France.