Energy-focused private equity firm First Reserve said Thursday that it has bought Dixie Electric from One Rock Capital Partners. No financial terms were disclosed. William Blair & Company advised Dixie on the transaction. Headquartered in Odessa, Texas, Dixie is a U.S. provider of electrical infrastructure materials and services to the upstream oil and gas industries.
Sun Capital Partners has sold its stake in Frontier Spinning Mills to American Securities. No financial terms were disclosed. Based in Sanford, North Carolina, Frontier is a producer of spun yarns for the knitting and weaving sectors.
NXT Capital said Thursday it provided a $98 million senior secured facility to finance Tenex Capital Management’s buy of JPW Industries. Headquartered in Nashville, JPW Industries is a maker of tool and machinery products.
Private equity firms Ardian and Resource Partners have increased their joint stake in Baltcom. No financial terms were disclosed. Sorainen advised Ardian and Resource Partners on the transaction. in Latvia, Baltcom is an entertainment and telecom company.
New York private equity firm Arsenal Capital Partners has bought Certara. No financial terms were disclosed. Headquartered in St. Louis, Missouri, Certara is a provider of model-based drug development and data analytics software and consulting services to the biopharmaceutical research and development sector.
Clayton, Dubilier & Rice has agreed to invest in PharMEDium. No financial terms were disclosed. As part of the transaction, Oak Investment Partners and Baird Capital will exit while JVC Management will retain a stake in the company. J.P. Morgan advised PharMEDium on the deal. Also, William R. Spalding will become PharMEDium's CEO, succeeding David N. Jonas. Based in Lake Forest, Illinois, PharMEDium is a provider of hospital pharmacy-outsourced sterile compounding solutions.
- Carlyle Group and KKR have advanced in the sale of Transpacific Industries Group Ltd's waste management unit, in a deal that could fetch around NZ$880 million ($725.5 million), sources told Reuters.
LLR Partners has made an undisclosed investment in iJET International. According to iJET, the capital will be used to grow its customer base, invest in enhanced technology and make acquisitions. Headquartered in Annapolis, Maryland, iJET is a provider of operational risk management solutions.
Private equity firm H&Q Korea has closed its buy of a minority stake in JobKorea for $90 million. JobKorea is a career website and Monster Worldwide's South Korean operations.
CIT Real Estate Finance has provided a $33 million senior secured credit facility to Exeter Property Group. The business is a real estate private equity firm that acquires, develops, and manages commercial properties across the US.