Nelson Global Products, which is backed by Chicago-based private equity firm Wind Point Partners, has acquired the assets of Morton Industries and its affiliate Bradley Services. Nelson is a designer and manufacturer of exhaust components and tubes used in emissions, coolant, heating, air intake and exhaust handling applications. Morton Industries is a provider of tube assemblies and machined components to the off-road market. Terms of the acquisition were not released.
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The Carlyle Group says it will pay $137 million in Haier Electronics Group Co., Reuters reported. Carlyle will invest through convertible bonds and has an option to invest another $57 million when warrants are exercised. Along with other investments in the company Carlyle will have a right to securities representing approximately 9 percent of Haier, Reuters wrote.
Fresenius Medical Care is spending a combined $2.09 million to acquire private equity-backed Liberty Dialysis Holdings, and the smaller American Access Care Holdings, Reuters reported. Germany-based Fresenius will pay $1.7 billion for Liberty Dialysis, which is currently controlled by buyout firms KRG Capital Partners and Bain Capital. The deal includes about $1 billion in assumed debt. American Access Care Holdings, which operates 28 vascular access centers for preparing patients for dialysis, sold for $385 million, Reuters wrote.
OnX Enterprise Solutions, backed by Marlin Equity Partners, has completed its buy of Technology Solutions Group. Agilysys is the seller. The sale was announced in June.
Private equity firm MidOcean Partners will acquire the South Beach Diet Brand partnership with its founder, Dr. Arthur Agatston. Specifics of the deal were not publicized. Under PE management, South Beach will launch a series of new products. South Beach Diet will be headquartered in Bonita Springs, Florida.
Onex Corp. said Monday that it will invest $864 million into JELD-WEN. This is up from the previously announced $675 million it had planned to invest in the Oregon-based door maker. The investment from Onex will be made in two tranches and include $675 million in convertible preferred stock as well as $189 million in a convertible note. Onex's share of the investment will be about $295 million. The deal was originally announced in May.
Would you invest in a company that only sold to one out of 80 leads? Or a company that typically took one year and three professionals just to close a single client? In fact, you’ve already made that investment: in your private equity or venture capital fund. According to our data, the median investor in private companies reviews over 80 opportunities in order to make one investment. The median private equity fund required 3.1 investment team members to close one transaction in one year....
The Riverside Co. has acquired Sunless Inc. Financial terms weren't disclosed. Sunless, of Macedonia, Ohio, makes spray tanning booths, airbrush equipment and retail products. GE Antares Capital and Golub Capital provided senior debt. Audax Mezzanine provided subordinated debt.
Nelson Global Products, which is backed by Wind Point Partners, has bought the assets of Morton Industries and its affiliate Bradley Services. Financial terms weren't announced. Morton provides tube assemblies and machined components to the off-road market.