Madison Street Capital has acted as the exclusive buy-side adviser in the recapitalization of Veterans Enterprise Technology Solutions to complete a shareholder buyout. The transaction was led by Madison Street Capital Senior Managing Director Barry Petersen. Terms of the deal were not disclosed PRESS RELEASE Madison Street Capital (MSC) acted as the exclusive buy-side adviser […]
Lower mid-market private equity firm CID Capital has completed a recapitalization of Chef’n Corporation, a manufacturer and marketer of branded innovative housewares products. CID’s investment will enable the Seattle-based company to accelerate growth within the housewares sector. PRESS RELEASE CID Capital is proud to announce that it has completed a recapitalization of Chef’n Corporation, a […]
In a surprise (for me), peHUB readers have chosen Mitt Romney's political ascension as the biggest PE story of the year. Nearly 28% of voters picked the Bain Capital founder as 2011's top story. The plunge in M&A and fundraising during the second half of the year came in second with about 22% of votes. And, the fact that PE firms are actually interested in bidding for Yahoo came in third place with 19.6% of voters.
Publicly traded OM Group has acquired Rahu Catalytics from Unilever Ventures, the European venture capital arm of Unilever. Terms of the deal were not released. Rahu is a developer of iron-ligand based chemistry for use in environmentally friendly coatings, composites and inks.
Clearview Capital Fund II, L.P. has acquired New Orleans-based consulting services firm GCR Inc. Terms of the deal, which closed December 31, were not released.
AXA Private Equity has acquired a majority stake in Ouvêo, a French window manufacturer, investing alongside existing backers Alliance Entreprendre and FSI Régions. Terms of the deal were not released. Jean-Luc Nouveau remains C.E.O. of Ouvêo, while the management team increased its stake in the company, the firm said in a written release.
Arbor Investments has acquired Great Lakes Packaging Corp., a maker of corrugated packaging and display products. Terms of the deal were not released. Great Lakes Packaging is based in Germantown, Wisc.
Mobile advertising network Millennial Media Inc. has filed with regulators to raise up to $75 million in an initial public offering. Morgan Stanley, Goldman Sachs and Barclays Capital are among the underwriters listed for the offering. The Baltimore-based company raised more than $65 million from venture investors, and wrapped up a $27.5 million round a year ago. Backers include from Bessemer Venture Partners, Columbia Capital, Charles River Ventures and New Enterprise Associates.
The Jordan Company, via its Resolute Fund II, L.P., has acquired Chicago-based Vantage Specialty Chemicals from H.I.G. Capital. Terms of the deal were not released.
Investment bank Berkery Noyes said that it advised Healthx Inc. on its majority recapitalization by growth equity firm Frontier Capital. Terms of the deal were not released. Healthx is based in Indianapolis and provides healthcare information technology to insurers and physicians.