Falconhead Capital said Monday that it has sold NYDJ Apparel to Crestview Partners and Maybrook Capital Partners. No financial terms were disclosed. Morgan Stanley advised NYDJ on the transaction. Headquartered in Vernon, Calif., NYDJ is a top women's denim apparel brand.
Oak Hill Advisors and OHorizons Global said Monday that it has acquired DGH-Group from insolvency administrator Dr. Franz-Ludwig Danko. No financial terms were disclosed. Also, Volker J. Barth has been named executive chairman of DGH-Group. Based in Dohna, Germany, DGH-Group is a provider of aluminum and magnesium high pressure die casting components for the automotive sector.
Private equity fund Permira Advisers LLC is planning to take a controlling stake in LegalZoom.com, a provider of online legal documents that was going to go public, according to people familiar with the matter.
Thomas H. Lee Partners has invested in two subsidiaries of Fidelity National Financial -- ServiceLink Holdings and Black Knight Financial Services. The firm has taken 35 percent stake in each subsidiary, which were organized by Fidelity National Financial, a provider of title insurance and transaction services to the real estate and mortgage industries.
Clearlake Capital has formed Tolt Solutions, an outsourced retail IT services and solutions provider. Tolt Solutions combines the business operations of Kyrus Solutions and Tolt Service Group, which together have more than 50 years of retail IT experience.
Beechbrook Capital has completed two new mezzanine loans through its second fund (Beechbrook Mezzanine II), as well as its first exit from Beechbrook Mezzanine I. The firm is a lower mid-market private debt manager.
Israeli private equity group Fortissimo Capital has acquired one-third of One Hour Translation, a provider of online professional translation of documents, for an investment of $10 million, writes Reuters. One Hour Translation plans to use the proceeds to double its staff and hire developers, salespeople, and customer service and support people. It currently has 50 employees globally.
Private equity firms are increasingly seeking to partner with U.S. companies rather than buying them outright, as they struggle to find ways to put their huge piles of money to work at a time when frothy markets have made takeovers expensive, reports Reuters. Major U.S. buyout shops, such as Blackstone Group LP (BX.N) and Carlyle Group LP (CG.O), are looking at deals such as minority investments in companies or partnerships with companies looking to make an acquisition -- types of transactions that they largely shunned before the financial crisis of 2008.
Tembo Gold Corp (TSX Venture: TEM) is proposing a strategic financing of up to $1.28 million. Tembo is selling up to 12,800,000 units of its stock at a price of $0.10 per unit. The private equity investors are New Africa Mining Fund (NAMF) II (Mauritius), NAMF II South African Partnership and Germany's Concept Capital Management. According to the company, the net proceeds will be used to fund on-going exploration costs on its properties in Tanzania. Based in Toronto, Tembo Gold is a mineral exploration company focused on the exploration and development of gold projects in Tanzania and the rest of Africa.
According to private equity data provider Preqin, private equity buyout firms had their strongest year in 2013 since before the global financial crisis. Preqin reported that 2013 had 2,830 private equity-backed buyouts at an aggregate value of $274 billion. This was the highest value since 2007 when $661 billion worth of deals was announced. Other findings: Thirty-eight percent of all deals in 2013 were leveraged buyouts while three-quarters of all private equity-backed buyout deals in 2013 were small-cap investments.