Tigermed has acquired a majority ownership stake in Frontage Labs from Baird Capital. No financial terms were disclosed. Based in Exton, Pennsylvania, Frontage is a provider of bioanalysis, preclinical studies, early phase clinical studies and product development services for biopharmaceutical firms.
Italian private equity firm Clessidra has agreed to buy 35 percent of Harmont & Blaine in a move set to help fund the expansion of the Naples-based casual wear maker ahead of a planned bourse listing, Reuters reported.
Pummerin Investments has acquired a minority stake in FleetServe. No financial terms were disclosed. According to FleetServe, the capital infusion will be used for personnel hiring and to grow its service equipment and IT capabilities. Based in Ponder, Texas, FleetServe is a provider of preventative maintenance solutions of oilfield heavy equipment and highway fleets.
MMIS has received an undisclosed investment from EDG Partners. Based in New York, MMIS is a provider of compliance and business intelligence solutions for the life science sector.
Levine Leichtman Capital Partners has realized a 27 percent IRR and 2.3x multiple on its investment in Consumer Portfolio Services. Further financial details of the transaction were not disclosed. LLCP invested in the business six years ago.
Charlesbank Capital Partners has agreed to sell test preparation and college admission services company The Princeton Review to Tutor.com, an operating business of IAC. The deal is expected to close on Aug. 1, 2014, subject to closing conditions. Terms of the deal were not disclosed.
Charterhouse Capital Partners has sold Bureau van Dijk Electronic Publishing to EQT VI. Founded in 1991 in the Netherlands, Bureau van Dijk is a global publisher of financial and commercial information. Charterhouse Capital Partners will retain a minority stake in BvD. Goldman Sachs Principal Investment Area will acquire a minority stake in the company. Ashurst advised Charterhouse in connection with the sale.
Mohawk Medical Growth Partners, a Canadian private equity firm specializing in healthcare real estate, has raised $2.59 million in a private placement. The transaction, which was facilitated by investment banking firm Cranson Capital Securities, will support Mohawk's acquisition of a Vaughan, Ontario-based medical facility called the Columbus Medical Arts Building. Since its establishment in late 2012, Mohawk has acquired four medical buildings, including Columbus.
Unipex Group, a portfolio company of European private equity firm IK Investment Partners, has bought Ferguson Chemical Innovation, a chemical manufacturer and supplier based in Brampton, Ontario. The acquisition's value was not disclosed. Unipex Solutions Canada Inc undertook the deal, which strengthens its industrial portfolio and gains access to new markets and customers in North America, the company said. Based in Québec City, Unipex specializes in active ingredients, specialty chemicals and other chemical products for cosmetics, pharmaceuticals, nutrition and other sectors. It was acquired by IK Investment Partners in 2012.
ONCAP, the mid-market arm of Onex Corp, is selling Mister Car Wash after more than seven years.