Brookside Mezzanine Partners has closed its third fund, Brookside Mezzanine Fund III at $250 million in excess of its $225 million target. Fund III will continue the same investment strategy of its two predecessor funds by providing subordinated debt, unitranche and minority equity capital in support of leveraged buyouts, strategic acquisitions, recapitalizations and growth initiatives for small and mid-sized companies throughout the United States.
2 min read · 03 February 2014
Centre Lane Partners has completed its acquisition of the assets of the candle manufacturing and marketing operations of Lancaster Colony Corporation. The purchase price for the acquisition was $28 million, including certain working capital adjustments.
2 min read · 03 February 2014
AIM-quoted China Private Equity Investment Holdings has signed a conditional acquisition agreement to acquire interests in four companies which themselves hold interests in four domestic Chinese businesses. The agreement has been signed with Elypsis Solutions, a wholly owned subsidiary of Asia Private Credit Fund Limited, which is managed by an affiliate of Adamas Asset Management.
2 min read · 03 February 2014
Global emerging market investor Actis has made a 36% equity investment in the AutoXpress group. Te business is an East African tyre wholesaler and retailer.
3 min read · 03 February 2014
This Monday morning First Read brings you tips on how to value pre-IPO portfolio companies, the various sources of finance in the clean tech sector and news of NYSTRS committing over a billion to real estate and PE.
1 min read · 03 February 2014
The Resolute Fund and funds managed by The Jordan Company are selling the Haas Group, a provider of outsourced chemical supply chain management solutions, to Wesco Aircraft Holdings for $550 million, subject to certain closing adjustments. Haas is headquartered in West Chester, PA.
3 min read · 02 February 2014
Vinted, a social, mobile marketplace for second-hand clothes, has secured a $27 million Series B investment led by Insight Venture Partners with participation from existing investor Accel Partners. Vinted will use the investment to expand in the United States and continue product development.
3 min read · 02 February 2014
Ben Franklin Technology Partners of Southeastern Pennsylvania has approved $2,075,000 in funding for eleven early stage companies. Companies approved for funding included Philadelphia's Biomeme and CloudMine.
10 min read · 02 February 2014
Kinderhook Industries has acquired GlobalHealth. GlobalHealth is Kinderhook's seventh healthcare platform investment and eighteenth purchase in the healthcare services space, including add-on acquisitions. Financial terms of the transaction were not disclosed. GlobalHealth is an Oklahoma based health maintenance organization.
3 min read · 02 February 2014
GetYourGuide, an online platform for tours and activities, has secured a strategic $4.5 million Series A extension round led by Kees Koolen, former CEO of Booking.com, and Fritz Demopoulos, founder and former CEO of Qunar.com. Sunstone Capital, a European venture capital firm, also participated in the capital increase.
2 min read · 30 January 2014
