I recently heard a pretty scary hypothetical situation for both LPs and GPs. A financial type who will go unnamed told me: “A couple of decent sized LPs are concerned about their ability to fund capital calls if things stay ugly.” No money for capital calls? That sounds unheard of, but it could be possible. […]
And two more make 39. Catterton Partners today saw two portfolio companies file for Chapter 11: Archway & Mother's Cookie Co. and Sleep Innovations. (Snack makers beware, that's the second cookie company to go down...) I've counted 39 bankrupt buyouts year to date, which could very soon be a nice round 40 if Avista Capital Partners' defaulting company, Star-Tribune, files. There are six new additions since I last posted the list, so follow the jump to download the updated one.
Audax Group has acquired Andrews Holdings Inc. from DFW Capital Partners, Meridian Venture Partners and Theo Capital Partners. No pricing terms were disclosed. AbleCo Finance provded senior note financing, while Greyrock Capital Group provided mezzanine financing. Andrews is a Valencia, Calif.-based provider of private security and risk mitigation services.
Circle Peak Capital has invested in Mrs. John L. Strong, a maker and retailer of branded luxury stationary and home goods. No financial terms were disclosed. PRESS RELEASE Circle Peak Capital LLC (“CPC”) announced today an investment in Mrs. John L. Strong (“John L. Strong” or “The Company”), a leading global designer, marketer and […]
e-Rewards Inc., a Dallas-based provider of online market research panels, has raised $60 million from TA Associates, in exchange for a minority ownership position.
Emerging Capital Partners has acquired a minority stake in Financial BC SA, a regional commercial bank based in the African nation of Togo, in exchange for $28 million.
MSD Capital and North Peak Capital have acquired Dental One Inc., a dental practice management company, from SSM Ventures and ABN Amro. No financial terms were disclosed.. Dental One has around 60 affiliated units in Texas, Arizona, Colorado and Utah.
Amherst Holdings LLC, a holding company for businesses focused on the mortgage sector, has raised $225 million in private equity and debt funding from an investor consortium led by Stone Point Capital.
Last month, federal regulators loosened restrictions on private equity investment in financial services companies. The move has not, however, sparked a rush of PE activity in the sector. Part of the hesitance has been shellshock from the troubles of J.C. Flowers and TPG Capital. A larger part has been that the new regs still prevent private equity firms from […]
Rowmark, a maker of laminated and co-extruded plastic sheet products for engraving applications, has acquired 100% ownership of Tromark SAS, an Ouzoir, France-based marketing joint venture between Rowmark and Trodat GmbH (Austria). No financial terms were disclosed. Rowmark is a portfolio company of Clearview Capital.