H.I.G. Capital has completed the acquisition of Cascades Fine Papers Group from Cascades Inc. The company will be renamed Rolland Enterprises.
Caraustar Industries, a portfolio company of H.I.G. Middle Market, is to acquire The Newark Group. Headquartered in Cranford, NJ, Newark is a manufacturer of recycled paperboard, linerboard, industrial tubes, cores and other converted product including book covers and packaging solutions.
The Sterling Group has acquired Roberts-Gordon. Headquartered in Buffalo, New York, Roberts-Gordon manufactures specialty commercial and industrial HVAC equipment as well as industrial process and finishing equipment.
Transilwrap Company, a converter and manufacturer of specialty film products, has acquired MetPro Group, a supplier of active and protective packaging systems. The Jordan Company acquired Transilwrap in November 2013. Financial terms of the private transaction were not disclosed.
TPG has formed a strategic partnership HS Group. HS Group is an independent, institutional investment firm providing long-term capital and strategic guidance to emerging hedge funds in Asia.
Lululemon Athletica Inc founder Dennis Wilson's advisers have been talking to private equity firms to find out if they are interested in buying the yoga gear maker, the Wall Street Journal reported, writes Reuters. Leonard Green & Partners is among the interested parties, according to reports.
Ares Management is to acquire a majority stake in London-based residential developer and house builder London Square from Graphite Capital. Ares Management’s funds, investing alongside management, will back London Square’s development in Greater London, with the target of building 1,000 homes a year. The transaction is expected to close by the end of July 2014.
Kinderhook Industries has acquired ThermaCell Mosquito Repellent division from The Schawbel Corporation. Financial terms were not disclosed.
Kinsail Corporation has been acquired by Accela, a portfolio company of Bregal Sagemount. Kinsail is a provider of recreation and resource management solutions for Federal and State agencies.
Arle Capital portfolio company Parques Reunidos has acquired Florida’s Miami Seaquarium. Parques Reunidos is a global leisure park operator.