Iris Dorbian
The Wicks Group of Companies has acquired Gladson Holdings from Lake Pacific Partners. No financial terms were disclosed. Lincoln International provided financial advice to Lake Pacific and Gladson on the transaction. Based in Lisle, Illinois, Gladson is a provider of digital content and related services.
Compliance Solutions Strategies, which is backed by CIP Capital, has made an undisclosed investment in Ascendant Compliance Management, a provider of compliance and regulatory services. Petsky Prunier advised CSS on the transaction.
Enlightenment Capital has made an undisclosed investment in Telos Corp. Based in Ashburn, Virginia, Telos is a cyber security company.
GTCR has teamed up with Charles A Nicolais, former CEO of SensoryEffects, to launch Ceba-Tech Specialty Solutions Inc. GTCR will invest in Ceba-Tech from its 11th private fund that closed at $3.85 billion while Nicolais will make a "substantal" undisclosed investment. Based in St. Louis, Missouri, Ceba-Tech will focus on acquiring companies in the specialty chemicals, materials and ingredients industry.
Tustin, California-based Foundation Building Materials Inc, a provider of wallboard and suspended ceiling systems, has priced its 12.8 million shares of its IPO between $17 and $19 per share. Foundation Building Materials has applied to list the stock on the New York Stock Exchange under the ticker symbol "FBM." Deutsche Bank Securities, Barclays and RBC Capital Markets are serving as the lead underwriters. Foundation Building Materials is backed by Lone Star Funds.
Pacific Equity Partners has agreed to acquire Allied Mills, an Australian maker of bakery products. GrainCorp is selling its 60 percent stake in Allied Mills for a consideration of $190 million. GrainCorp's joint venture partner Cargill Australia has sold its 40 percent stake to PEP. Credit Suisse provided financial advice to GrainCorp and Cargill on the transaction.
NBK Capital Partners has launched an MENA real estate investments platform to expand the firm's MENA private equity and private credit investment businesses. Based in Dubai, NBKCP is a growth capital provider to companies in the MENA region.
Hill Path Capital Partners has raised over $303 million for its debut fund, according to an SEC filing. The target in the document was not specified. The New York-based Hill Path Capital will focus on investing in public equities as well as privately held companies, as previously reported by PE HUB's sister site Buyouts.
Tech Air, which is owned by CI Capital Partners, has closed its acquisition of Denver-based Gases & Arc Supply Inc, a provider of welding and industrial supplies and industrial gases. No financial terms were disclosed.
Denver-based Pawngo/Lux Exchange, an online marketplace specializing in luxury assets, has named Dewey Burke as president and CEO. Previously, Burke worked at Jumping Jack Cash where he served as chief operating officer. Also, Burke is the former vice president of operations at 1K1V, a sub-Saharan Africa-focused private equity fund targeting investments in the lower middle market. Pawngo/Lux Exchange is backed by Daylight Partners, Access Venture Partners and Lightbank.