Maxim Silencers and Silex Innovations (MaximSilex) have been sold to Industrial Acoustics Company, a portfolio company of AEA Investors. Westlake Securities advised MaximSilex throughout the sale process. Terms of the transaction were not disclosed. MaximSilex specializes in the design, manufacture and supply of a range of silencing and emissions control products, including industrial silencers, catalytic converters and exhaust accessories for diesel and natural gas engines.
2 min read · 04 October 2012
Waypoint Homes and Menlo Park-based private equity firm GI Partners have closed a $245 million revolving credit facility with Citi. The facility will support the acquisition, renovation, long-term ownership and management of Waypoint’s growing national portfolio of single family rental homes. Based in Oakland, Calif., Waypoint Homes has created a next-generation real estate company to help address the lack of liquidity contributing to the prolonged U.S. housing crisis.
3 min read · 04 October 2012
Online family history resource Ancestry.com has acquired San Francisco-based startup 1000memories. Founded in 2010, 1000memories makes it easy to digitize and share photos and stories from the past. The business was funded by angel and institutional investors, including Greylock Partners, Y Combinator, SV Angel, Founder Collective, and Lowercase Capital.
4 min read · 04 October 2012
Clearview Capital Fund II portfolio company Pyramid Healthcare has acquired American Day CD Centers (High Focus Centers). Headquartered in Summit, NJ, High Focus is a provider of structured outpatient substance abuse and psychiatric treatment programs serving adults, adolescents and their families in New Jersey.
2 min read · 04 October 2012
Financial advisory and investment banking firm NewOak has appointed Donald McGuire as chief operating officer and head of investment banking. McGuire joins NewOak with over 27 years of experience in finance and operations at investment banking, pharmaceutical, and technology companies around the globe.
3 min read · 04 October 2012
CoBe Capital is to acquire Warendorfer Küchen, a manufacturer of premium kitchens from AFG Arbonia-Forster-Holding. The transaction is expected to close on December 31, 2012. AFG Arbonia-Forster-Holding AG is divesting Warendorfer Küchen as part of an on-going implementation of its strategy to focus on core businesses.
3 min read · 04 October 2012
Oaktree Capital Management and affiliates of Northview Hotel Group have acquired Sheraton Raleigh Hotel. The Sheraton Raleigh features 353 guestrooms, a 4,600 square foot restaurant with outdoor dining and frontage on Fayetteville St., the primary thoroughfare in downtown Raleigh, and 18,000 square feet of flexible meeting space.
2 min read · 04 October 2012
180 Medical, a distributor of intermittent catheters, urologic and disposable medical supplies has been sold to ConvaTec. 180 Medical was a portfolio company of Cortec Group. Harris Williams & Co. acted as an advisor to 180 Medical.
3 min read · 04 October 2012
Avista Capital Partners has appointed Phil Seskin as an industry executive in the communications field. Seskin was most recently senior vice president of corporate development at Verizon Communications.
2 min read · 04 October 2012
DealerTrack has acquired ClickMotive, a provider of interactive marketing solutions for the automotive retailing industry. O’Melveny & Myers represented DealerTrack.
4 min read · 04 October 2012
