First Reserve Corporation has backed a repeat management team and created a new exploration and production company, Templar Energy. Templar is focused on investing primarily in the mature, liquids-rich producing basins in the Mid-Continent Region. The Templar team is led by industry veteran David Le Norman. Financial terms of the First Reserve investment were not disclosed.
3 min read · 15 January 2013
Behrman Capital portfolio company Pelican Products, a designer and manufacturer of high-performance protective case solutions and advanced portable lighting systems, has acquired Minnesota Thermal Science. Financial terms of the transaction were not disclosed.
3 min read · 15 January 2013
Alyson Stone has joined social relationship manager Nimble as content and product marketing strategist. Formerly in the same role for Salesforce’s Desk.com, Stone will lead the expansion of Nimble's social business content education strategy.
4 min read · 15 January 2013
Middle-market private equity firm Frontenac Company has completed the majority recapitalization of Portfolio Group, a provider of financial services to automobile dealerships. Terms of the private transaction were not disclosed.
3 min read · 15 January 2013
Lower middle market investor ICV Partners has promoted Zeena Rao to managing director. Rao joined ICV in 2001 as the fourth investment professional. She was named a vice president in 2010.
2 min read · 15 January 2013
Wynnchurch Capital has announced the sale of 4Front Engineered Solutions to ASSA ABLOY, Inc. Headquartered in Carrollton, Texas, 4Front is a manufacturer of loading dock equipment.
2 min read · 15 January 2013
VF Corporation and Altamont Capital Partners have submitted a non-binding, joint letter of interest to acquire all of the issued securities in Billabong International Limited for AUD $1.10 per share in cash. Billabong has agreed to allow VF and Altamont to conduct due diligence to evaluate Billabong’s business.
2 min read · 15 January 2013
Arborview Capital has completed the acquisition of Energy Automation Systems, a provider of energy efficiency solutions for large industrial and commercial facilities. Arborview completed the transaction in partnership with Paul Bleiweis, CEO of EASI.
3 min read · 15 January 2013
Cleary Gull’s investment banking group has promoted Ryan Olsta to managing director and Patrick Bremmer to vice president. In addition, the firm has added Matthew Pearson and Christopher Larsen to its investment banking team in the last six months.
2 min read · 15 January 2013
TSG Consumer Partners has promoted Blythe Jack and Robyn Lawrie Rutledge to managing directors and partners. Both had previously been principals in the firm, a strategic equity investor in high-growth consumer brands.
2 min read · 15 January 2013
