PEI Staff
Antares and LStar Capital , through their jointly-managed Middle Market Growth Program, provided a unitranche loan to back Audax Private Equity’s acquisition of Preferred Compounding. Audax bought Preferred Compounding from Wingate Partners earlier this month. Terms of the deal were not disclosed.
ResMed agreed to buy Brightree, an Atlanta-based developer of software applications for the post-acute care industry, from Battery Ventures for $800 million in cash. ResMed will fund the purchase primarily with debt. DLA Piper provided legal advice to ResMed. William Blair & Company served as exclusive financial advisor to Brightree, and Cooley LLP was Brightree's legal counsel.
Hall Capital, a family-owned private investment company based in Oklahoma City, added T. Clark Akers as a member of the boards overseeing its private equity and automotive ventures. Akers will also act as an advisor to Hall Capital Partners, the private equity affiliate of Hall Capital. Akers is a managing director at FBR & Co.
Chicago-based Waud Capital Partners raised $1.056 billion for its fourth private equity fund, reaching its hard cap just 12 weeks after the fund’s formal launch. Waud collected $900 million from limited partners, exceeding the original target of $750 million in LP commitments.
In Monday's Second Opinion, Honeywell and United Technologies held merger talks, CNBC reports, scientists estimate seas may rise three to four feet by 2100, and more than half of Americans think Apple should comply with the FBI, a Pew survey finds.
PWP Growth Equity, a private equity fund managed by Perella Weinberg Partners, invested in Black Bear Diner, a 75-unit dining franchise in eight western states. Financial terms of the transaction were not disclosed.
On Location Experiences, an experience-based hospitality business owned by Bruin Sports Capital, RedBird Capital Partners, 32 Equity and Jon Bon Jovi, acquired Anthony Travel, a university and sports travel management company. Financial terms of the transaction were not disclosed. As part of this deal, John Anthony, chief executive officer of Anthony Travel, will become an equity holder in On Location Experiences and will join its board of directors.
Providence Equity Partners acquired a minority stake in Topgolf Entertainment Group, a Dallas-based operator of driving ranges. Terms of the investment were not disclosed.
Waud Capital Partners closed its fourth private equity fund, Waud Capital Partners IV, at its hard cap, with $1.056 billion in capital commitments. Waud Capital collected $900 million from limited partners, exceeding the original target of $750 million of limited partner commitments.
Geneva Glen Capital sold Flow Polymers LLC, a Cleveland-based provider of specialty additives and dispersions, to Polymer Solutions Group, a specialty polymers and additives platform owned by Arsenal Capital Partners. Financial terms were not disclosed. Geneva Glen acquired Flow Polymers at the end of 2010.