Investcorp has completed the sale of US truck and trailer parts distributor FleetPride to TPG for over $1 billion. Since its acquisition of FleetPride in 2006, Investcorp has supported 31 different add-on acquisitions by the company, strengthening its cross-country supply chain and adding total acquired sales of over $270 million.
Lincolnshire Management has acquired National Pen Company, a global provider of direct mail promotional pens and other products. National Pen was a portfolio company of Berwind Corporation. Harris Williams & Co acted as the exclusive advisor to National Pen.
Payment solution provider Network International has acquired a majority stake in TimesofMoney, an Indian online remittance and digital payments service provider. London-based specialist advisory firm FT Advisors Limited, part of the Anthemis Group, advised Network International which is backed by private equity firm Abraaj Capital.
AMC Entertainment has agreed to buy four theaters owned by Rave Reviews Cinemas. Financial terms weren't announced. Two of the theaters are located in Baton Rouge, La. while one is in Montgomery, Ala. and another is in Montgomery, Ala. Rave Reviews is backed by BV Investment Partners.
Madison Dearborn Partners said Monday it has agreed to invest in Aderant Holdings. The sellers are Vista Equity Partners and company management, which will retain "significant" ownership positions. Financial terms weren't announced. MDP is buying about half of Vista Equity’s and Aderant management’s stakes, the statement says. Atlanta-based Aderant provides business management software for law and professional services firms. BofA Merrill Lynch provided financial advice to MDP, while BMO Capital Markets and Marks Baughan advised Aderant and Vista.
Mason Wells has acquired Whitehall Specialties. Financial terms were not announced. Northleaf Capital, PPM America, Audax Mezzanine and company management are also investing. BMO Capital Markets and Audax are providing financing. Whitehall, of Wisconsin, produces and markets custom analog and processed cheese products.
Littlejohn & Co. has agreed to sell Synchronous Aerospace Group to Precision Castparts Corp. Financial terms weren't announced. Santa Ana, Calif.-based Synchronous supplies complex assemblies and precision components for the commercial aerospace and defense markets. Lazard advised Synchronous.
Kingdom Holding Company (KHC) has acquired the recently-opened Four Seasons Hotel Toronto for C$200 million. The Saudi-owned KHC, which undertakes private equity and other types of investments worldwide, increased its interest in the Canadian hotel management sector with this buy. KHC has owned shares in Four Seasons Hotels and Resorts since the mid-1990s, and in 2006 took the company private in collaboration with Cascade Investment LLC, owned by Bill Gates, for C$4.2 billion.
The McGraw-Hill Companies has agreed to sell its McGraw-Hill Education business to Apollo Global Management for a purchase price of $2.5 billion. The transaction is expected to close in late 2012 or early 2013. PRESS RELEASE The McGraw-Hill Companies (NYSE: MHP) (“the Company”) today announced it has signed a definitive agreement to sell its McGraw-Hill […]
Monomoy Capital Partners has acquired the assets of MPI LLC from Revstone Industries. Terms were not released. MPI is a manufacturer of high-precision, fineblanked metal components for powertrain systems and hydraulic systems.