GTCR has agreed to acquire the Cole-Parmer Instrument Company, which makes specialty laboratory equipment, for $480 million. GTCR is buying the company from Thermo Fisher Scientific Inc. GTCR will invest in the company from its Fund XI.
Yukon Partners has provided subordinated debt and equity in Schryver Medical, Inc., which provides mobile imaging diagnostics, clinical laboratory services, oxygen therapy and durable medical equipment rental. Yukon invested alongside Revelstoke Capital Partners and institutional co-investors in acquiring a majority stake in Schryver. Ally Corporate Finance provided a senior credit facility in the deal.
Ares Management has agreed to acquire the parent company of National Veterinary Associates, a private owner of independent freestanding veterinary hospitals in the U.S. Ares will acquire the business from Summit Partners. NVA's senior management will retain a minority stake in the company. Terms of the deal were not disclosed. It is expected to close in the third quarter.
Entertainment One Ltd (LSE: ETO) has bought Paperny Entertainment Inc, a producer of factual television programming. The acquisition price was not published, but has been estimated at $29.2 million. The Vancouver-based Paperny was sold by partners David Paperny, Cal Shumiatcher and Audrey Mehler. Entertainment One said the deal would contribute to its ramping up of unscripted television production across North America. The Toronto-based company, which specializes in the acquisition, production and distribution of film and television content, is a portfolio investment of British private equity firm Marwyn Investment Management.
Limited partners in U.S.-based private equity funds received the largest total of distributions last year in the history of the Cambridge Associates benchmark. Investors in U.S. venture capital funds also received the second largest payout since 2000. Cambridge’s private equity index rose 20.6 percent last year, while the venture capital index increased 27.2 percent, its best annual performance in 15 years.
Walden Behavioral Care has received an undisclosed investment from Seacoast Capital. Headquartered in Waltham, Mass., Walden is a provider of behavioral health services for individuals with eating disorders.
The Carlyle Group LP raised about $78 million by selling its entire holding in India's Repco Home Finance Ltd, exchange data showed, making a near nine-fold return on its six-year old investment, Reuters reported.
SND Energy has received a $50 million commitment from Vortus Investments. Headquartered in Dallas, SND is a domestic onshore upstream firm.
Time Domain has been bought by a private equity group led by Bonaventure Capital and Fidelis Capital. No financial terms were disclosed. Based in Huntsville, Alabama, Time Domain is a provider of ultra wideband products and services. Time Domain had been backed by Pharos Capital Group.
Onex said Thursday that it has sold Cypress Insurance Group to a group of private investors for $63 million. Since 1998, Onex has invested about $50 million in Cypress.