Private equity is facing legislative changes that could permanently impact the business. So, what's a LBO shop to do? Sell!
GTCR is investing in Zayo, which is buying AboveNet for $2.2 billion.
Buyout shop Thoma Bravo has completed its take-private acquisition of InfoVista, the firm announced Thursday. InfoVista is a provider of service performance assurance software for IP-based network and application services. In December, Thoma Bravo took control of the company, buying a a 67.26% stake from sellers including Emancipation Capital LLC, Odyssee Venture and ESW. PRESS […]
USP Holdings Inc., a newly formed portfolio company of Wynnchurch Capital and the Comvest Group, has acquired substantially all of the assets of United States Pipe and Foundry Company and Fast Fabricators. Terms of the deal were not released. PRESS RELEASE Wynnchurch Capital (“Wynnchurch”) and the Comvest Group (“Comvest”), leading middle-market private equity firms, announced […]
Wellspring Capital Management has acquired API Heat Transfer Inc. from Industrial Growth Partners. Financial terms of the transaction were not disclosed. API Heat Transfer is a producer of industrial heat exchangers and heat transfer systems. PRESS RELEASE Wellspring Capital Management LLC (“Wellspring”) today announced that an affiliate has acquired API Heat Transfer Inc. (“API Heat […]
Brazos Private Equity Partners, a Dallas-based investment firm, has exited its investment in Tri-Northern Holdings Inc., a distributor of electronic security products. The buyer was private equity firm Audax Group. Terms were not released. Tri-Northern is based in Woodbury, New York, and was formed by Brazos and management through the acquisition and subsequent merger of […]
Blackstone has agreed to buy 69 warehouses in the United States valued at around A$800 million ($820.4 million) from Australia’s Dexus Property Group, Reuters reported Thursday, citing a Bloomberg report. Private equity firm Blackstone owns more than 45 million sq feet of industrial real estate through a Chicago-based company called IndCor Properties Inc, it said. […]
Australian buyout fund Pacific Equity Partners is considering raising its A$711 million ($729 million) offer for services company Spotless Group after securing the bulk of its funding, Reuters reported Thursday. Spotless has been a target for buyout firms for nearly a year. Last May it rejected a A$657 million offer from Blackstone. (Reuters) – Australian […]
Private equity firm Carlyle Group is looking to sell part of its aerospace and defense portfolio company Arinc Inc., more than a year after efforts to sell the company as a whole failed, according to people familiar with the matter. The Annapolis, Maryland-based company consults with the military and designs systems that help airline pilots […]
Levine Leichtman Capital Partners said Wednesday that it has agreed to buy nearly all the operating assets of DRI Corp., including those under the Mobitec brand name. Financial terms weren’t announced. DRI makes and sells Mobitec and TwinVision display systems and digital recorders. In March, DRI announced it planned to sell its operations via a […]