Eberhart Capital has acquired Contractor Sales & Service. No financial terms were disclosed. Based in Des Moines, Iowa, CSS is an aerial equipment rental firm.
Platinum Equity has sold Wheel Pros to Audax Private Equity. No financial terms were disclosed. William Blair provided financial advice to Platinum Equity on the transaction. Wheel Pros is a maker of high-performance wheels and tires.
Vicente Capital Partners has acquired a "significant" stake in Global LT. No financial terms were disclosed; however, Abacus Finance provided debt financing for this transaction. Based in Troy, Michigan, Global LT is a provider of language training, cultural training, translations and expatriate destination services.
Active Ride Shop has received an undisclosed investment from Tengram Capital Partners. Active Ride Shop has 21 retail locations throughout Southern California and a growing ecommerce business.
Vista Equity Partners has agreed to acquire Social Solutions, which provides performance management software for social services. Houlihan Lokey worked as financial advisor to Social Solutions. The deal is expected to close this summer.
Kohlberg Kravis Roberts has acquired a majority interest in OEG Offshore Group, a provider of equipment to the oil and gas industry. OEG's executive management retain a significant holding in the company. Terms of the deal were not disclosed.
HealthCare Royalty Partners is making a $30 million cash payment to Supernus for certain royalty and milestone rights related to the commercialization of its products. Supernus will retain full ownership of the royalty rights after a certain threshold has been reached per the terms of the agreement.
London Broadcasting Company, a portfolio company of SunTx Capital Partners has completed the sale of six Texas-based television stations to Gannett. The deal was a $215 million all-cash transaction.
Seacoast Capital has completed a recapitalization in Cinetopia. Based in Beaverton, OR, Cinetopia is an operator of dine-in movie theatres in the US, with 4 locations in the Portland, OR and Kansas City, MO DMAs.
Stornoway Diamond Corp (TSX: SWY) has closed its previously announced financing transactions with private equity firm Orion Mine Finance Group, Ressources Québec, an affiliate of Investissement Québec, and the Caisse de dépôt et placement du Québec. Funding will be applied to the construction of the Renard Diamond Project in the James Bay region of north-central Québec. In total, $946 million was committed through a combination of senior and subordinated debt, equity issuances and other facilities. The Montréal-based Stornoway said the deal represents the largest ever project financing package for a publicly listed diamond mining company.