Altus Capital Partners said on Monday that it has closed the sale of Thermafiber, a provider of mineral wool insulation products, to Owens Corning, a producer of residential and commercial building materials. No financial terms were disclosed. BB&T Capital Markets provided financial advice to Thermafiber, which is based in Wabash, Indiana.
Wind Point Partners, a Chicago-based private equity investment firm, said on Monday that it has acquired Argotec. No financial terms were disclosed. Also, Guy Broadbent will join Argotec as CEO. Based in Greenfield, Mass., Argotec is a provider of coating and polyurethane solutions. GE Antares Capital and Ares Capital Corporation provided senior debt for the transaction.
MB Aerospace, which is backed by Arlington Capital Partners, has acquired Delta Industries. Financial terms weren't announced. Hartford, Conn.-based Delta aero-engine component maker.
BYTEGRID has secured a $25 million revolving credit facility that could be increased up to $100 million from KeyBank Real Estate Capital. McLean, Va.-based BYTEGRID operates three data centers.
RHJ International, the Belgian-based owner of British private bank Kleinwort Benson, said that a bid to get it to abandon the purchase of Germany's BHF-Bank would expose it to potential charges, writes Reuters. At the end of May, a group of hedge funds representing 4 percent of RHJI's share capital asked the firm to give its more than 200 million euros ($259.20 million) in free cash back to shareholders and abandon its bid for Deutsche Bank's BHF-Bank unit.
Engineering turnaround specialist Melrose Industries Plc said it was in early stage talks to sell two of its industrial manufacturing businesses, writes Reuters. Melrose, which follows a private equity-type model of investing in companies to improve their performance and then sell them, said it appointed J.P. Morgan Cazenove to assist in the sale process.
Resource Capital Corp has closed a $45.9 million portfolio bridge loan package secured by three multifamily complexes in Dallas, TX and one in Houston, TX. The portfolio is comprised of 1,635 apartment units. The sponsor is venture backed by an international opportunity fund.
HgCapital has sold ATC to Intertrust. The realisation represents an investment multiple of approximately 2.2x original cost and a gross IRR of 37 percent over the two year investment period. ATC provides fiduciary, management and administration services to multinational corporations, financial institutions and fund managers.
Edmond de Rothschild Investment Partners' Winch Capital 2 fund has taken a stake in MCI, an international congress and event management company. MCI is a professional congress organizer.
Cerberus Capital Management LP said on Saturday it had secured the one-third stake in Seibu Holdings needed to veto decisions at shareholder meetings, but fell short of its goal of buying 44.7 percent of the Japanese railway and property group., Reuters reported.