Pregis Corporation, an international manufacturer, marketer, and supplier of protective packaging solutions has completed the sale of its Kobusch-Sengewald business to Sun European Partners for euro 160 million ($205.9 million). In addition, Kevin Baudhuin has been appointed president and CEO of Pregis. PRESS RELEASE Pregis Corporation (“the Company”), a leading international manufacturer, marketer, and supplier […]
Mason Wells has acquired Eddy Packing Co. The business will be owned by Mason Wells, management and other co-investors. Headquartered in Yoakum, Texas, Eddy is a processor of beef, pork and poultry products. PRESS RELEASE Mason Wells announced today that it has closed on an acquisition of Eddy Packing Co., Inc. (“Eddy”). The business will […]
Encore Consumer Capital, a private equity shop that focuses on small consumer product companies, had an interim $100 million close on its second fund, Encore Consumer Capital II LP, according to a source with knowledge of the firm’s plans. The San Francisco-based firm, which oversees $175 million in committed capital, was founded in 2005 by Scott Sellers and Robert Brown, who came from Swander Pace Capital, another consumer products private equity firm, and Gary Smith, who founded Encore Associates, an affiliated firm that offers strategic advice to the consumer products industry. Encore Consumer Capital primarily invests in...
Stuart Howard has joined HarbourVest as Chief Operating Officer, European Listed Products. He will be based in London and will be responsible for overseeing HarbourVest's role in the operations of HarbourVest Global Private Equity Ltd. and HarbourVest Senior Loans Europe. Howard joins from 3i.
American Industrial Partners has closed its buy of Heil Trailer International. The seller was Dover Corp. Financial terms weren't announced. Athens, Tenn.-based Heil Trailer provides engineered tank and specialty trailers.
TA Associates has sold Microban to W.M. Barr. Financial terms weren't announced. Microban supplies antimicrobial product protection. News of the sale was disclosed by the Valence Group which advised TA Associates in the sale.
Mason Wells said Wednesday that it has closed its buy of Eddy Packing. Financial terms weren't announced. Co-investors included Scott McNair, Akoya Capital, Hancock Capital Partners and the former owners of Eddy. Yoakum, Texas-based Eddy is a premier processor of beef, pork and poultry products. BMO Capital Markets, Zions Bank and Associated Bank provided senior financing. Hancock Capital Partners provided mezz debt.
Moelis Capital Partners, the PE arm of Moelis & Co., has appointed Frederick J. Florjancic, Jr. and Jim Murphy as Executive Advisors. Florjancic was most recently CEO of Safety-Kleen and will focus on industrial and services-related investments. Murphy, who was previously CEO of American Safety Razor and Personal Care Group, will focus on consumer-related opportunities, Moelis says.
This year the movie industry made $30 billion (1/3 in the U.S.) from box-office revenue. But the total movie industry revenue was $87 billion. Where did the other $57 billion come from? From sources that the studios at one time claimed would put them out of business: Pay-per view TV, cable and satellite channels, video […]
Just like M&A, fundraising floundered during the second half of 2011. The fourth quarter saw 108 funds collect $52.4 billion, according to data from Preqin. The total is slightly lower than the $54.4 billion raised in third quarter, which was the weakest time period since the onset of the financial crisis, Preqin says. Also, fourth quarter's $52.4 billion is a 40% plunge from the $88.4 billion collected in second quarter, which Preqin says was a "strong" time for fundraising. But Preqin expects the Q4 figure to jump by 10-20% as more information becomes available.