Blackford Capital, a private equity firm based in Grand Rapids, Michigan, has acquired Mopec, a full-service maker of pathology and mortuary equipment based in Detroit. Terms of the deal were not disclosed.
The Weather Company plans to pay a $600 million dividend to shareholders, including Bain and Blackstone.
Trunity Holdings said on Thursday that it has completed a private placement of $3.575 million. The strategic financing was led by Pan-African Investment Company, LLC, a New York City-based private investment firm. Also, Pan-African Investment Company's CEO Dana Reed will join Trunity's board of directors. AGCM acted as the exclusive placement agent for the offering, while Mitchell Baruchowitz, who heads private capital for ACGM, was lead banker for the transaction. Based in Newburyport, Mass., Trunity Holdings is the producer of the Trunity eLearning Platform, which provides learning solutions for schools, corporate enterprises and government agencies.
Bermuda-based catastrophe reinsurer Arden Holdings Ltd. has agreed to sell its remaining subsidiaries, Atrium Underwriting Group Ltd. and Arden Reinsurance Company Ltd. to Enstar Group Ltd. Atrium will be acquired for approximately $183 million while Arden Reinsurance will be acquired for approximately $79.6 million. Both transactions are expected to close by the end of 2013. Among Arden's early investors were The Blackstone Group, Texas Pacific Group, Thomas H. Lee Partners, Oak Hill Capital Partners, Olympus Partners, Bain Capital, SAB Capital and Eton Park Capital Management.
Brand Networks, a Boston-based provider of software solutions and digital marketing services, said on Thursday that it has raised $68 million in financing from private equity firm AEA Investors. Investment bank Petsky Prunier acted as financial advisor to Brand Networks for the transaction.
Industrial Opportunity Partners said on Thursday that its portfolio company, Carlson Systems, a distributor of product assembly components, has acquired Western Tool Supply. No financial terms were disclosed. Headquartered in Salem, Ore., Western Tool is a distributor of tools and supplies that serves the needs of construction, industrial, and woodworking customers.
Industrial Opportunity Partners said Thursday that it has acquired Western Tool Supply. Financial terms weren't announced. Salem, Ore.-based Western Tool is a distributor of tools and supplies to construction, industrial, and woodworking customers.
KKR has agreed to acquire a 430,000 square foot Retail Park Portfolio from Resolution Property. Financial details of the transaction are undisclosed. KKR has selected Quadrant Estates as the retained Asset Manager. The UK-based portfolio is made up of multi-let retail warehouse space in strong locations in Oxford, Glasgow and Sunderland and contains a combination of food, shopping and retail outlets, as well as bulky goods consent.
A Dell Inc special committee challenged Carl Icahn on Wednesday, saying the activist investor is almost $4 billion short of the cash needed to fund his proposal for a $12-per-share special dividend.
Private equity firm Kelso & Company has hired Barclays to find a buyer for Custom Building Products, Reuters reported.