Milestone Partners said Thursday that it has acquired PayLink Payment Plans. No financial terms were disclosed. Based in Chicago, PayLink is a provider of payment financing and processing solutions for vehicle service contracts providers.
Trilantic Capital Partners and Ward Petroleum Corp. have teamed up to launch Ward Energy Partners, an oil and gas exploration and production company. No financial terms were disclosed. WEP will focus on various basins in Oklahoma and Eastern Colorado.
EQT Mid Market said Thursday that it has acquired Dataflow from the company's founders. No financial terms were disclosed. Headquartered in Hong Kong, Dataflow is a provider of immigration compliance and credential verification solutions.
GenNx360 Capital Partners has backed Tooling Technology Holdings. Tooling Tech is a manufacturer of tooling solutions and automation systems.
Riverwood Capital has invested up to $45 million in Underground Solutions, Inc., a water and wastewater infrastructure technology business. The transaction includes initial funding of $30 million in the company's Series C preferred stock, with an option for an additional $15 million investment. A portion of the investment will be used to acquire Process Solutions, Inc., which developed and sells two water technologies.
Huron Capital Partners is backing the refinancing of Bandit Industries. Jerry Morey will continue to run the business as president and CEO. Founded in 1983 and based just outside Mount Pleasant, Michigan, Bandit Industries is a designer and manufacturer of hand-fed and whole tree wood chippers, stump grinders, forestry mowers, Beast recycling machines and other specialty wood and waste processing equipment.
Monroe Capital has increased the credit facility to OSG Billing Services, an ESOP owned-business, to support the acquisition of SouthData. Based in Mount Airy, North Carolina, SDI is a full-service document management provider specializing in electronic and paper based billing.
Paul Carbone of Pritzker Group threw a bit of cold water on enthusiasm for co-investments in private equity, arguing that direct investments offer a better fit outside conventional fund structures, at least for family offices.
Shareholders of Spectral Diagnostics Inc (TSX: SDI) have approved a previously announced non-brokered private placement of up to $18.2 million. The financing was arranged with certain of the company's existing investors, including Japan's Toray Industries Inc. Other leading investors in Spectral include Canadian private equity firm Birch Hill Equity Partners and Medwell Capital Corp, a Birch Hill portfolio company. The Toronto-based Spectral said it would use funding to support its EUPHRATES clinical development program for PMX, its lead theranostics product for the treatment of severe sepsis with septic shock, and for other business purposes.
State-backed British lender Royal Bank of Scotland is considering selling its Irish unit Ulster Bank to a private equity firm, the Irish Examiner reported on Wednesday, citing unnamed sources.