Kansas City-based private equity firm Great Range Capital has acquired specialty transportation company LLL Transport. Terms of the deal were not released. LLL Transport is based in Brookfield, Mo., and employs roughly 130 people.
2 min read · 14 September 2011
ROM Corp., a company backed by Century Park Capital Partners, has acquired Bustin Industrial Products, a division of MW Supply Inc. ROM Corp. is a manufacturer of specialty components for vehicles in the emergency, trucking and military sectors. Terms of the acquisition were not released. Bustin Industrial Products is based in East Stroudsburg, Penn.
2 min read · 13 September 2011
Private equity firm Advent International has acquired a 49.998% stake in MAXAM from Vista Capital and Portobello Capital. The remaining 50.002% of the company is controlled by MAXAM’s management team. The deal value has not been released. MAXAM develops, manufactures and sells civil explosives and initiation systems for mining, quarries and infrastructure; cartridges, sports ammunition and gunpowder for sports use; and products for the defense industry.
6 min read · 13 September 2011
Owatonna, Minn.-based Wenger Corp. has acquired Syracuse, N.Y- based J.R. Clancy Inc., a designer, manufacturer and installer of stage rigging equipment for colleges, television studios, cruise ships theatrical venues. Terms of the deal were not released. Wenger is a maker of specialized equipment for music education and theatre. M&T Investment Banking Group, a division of M&T Bank, advised J.R. Clancy on the deal.
2 min read · 13 September 2011
Institutional Venture Partners has added Andrew Barr as an associate focusing on later-stage investments in the information technology and digital media sectors. Prior to joining IVP, Andrew worked at Qatalyst Partners, a technology-focused independent investment bank.
2 min read · 13 September 2011
Blackstone Group’s Ben Jenkins, a senior managing director and top Asia dealmaker, is leaving the firm at the end of this year, Reuters reported Tuesday. Jenkins is moving back to New York after four years in Asia.
3 min read · 13 September 2011
A fund managed by JPMorgan Chase & Co. is pouring $400 million into India's SKIL Infrastructure, sealing a stake of just under 20%, Reuters reported Tuesday. SKIL controls ship-builder Pipavav Defence and Offshore Engineering Ltd. The company plans to use the infusion to pay down debt, Reuters wrote.
2 min read · 13 September 2011
Valhalla Partners has hired 28-year-old Farah Giga away from HP, adding her as the firm’s newest principal. Giga began working in data storage technology in 2002, as a 19-years-old Stanford student. That year she sealed a job with Hitachi Data Systems. She stayed with the company through her undergraduate degree and two master’s degrees from Stanford, working across software development, technical marketing and architecture. Giga started at HP in 2009, and most notably served as integration lead following the acquisition of 3PAR, which at $2.35 billion, was the largest in the history of HP Storage.
2 min read · 12 September 2011
A bankruptcy judge has approved the sale of substantially all of catalog and internet retailer Signature Styles LLC's assets to Artemiss, Reuters reported Monday. Signature Styles, owner of catalog and internet retail sites including Spiegel, filed for Chapter 11 bankruptcy protection in June. Signature Styles was formed in June 2009 by investment firm Patriarch Partners to acquire Spiegel Brands from Dymus Funding Co. Artemiss will reportedly pay $2 million in cash, assume up to $10 million owed in gift cards and will also assume some debt, Reuters wrote. In this summer’s bankruptcy filing, the company listed assets in the $10 million-$50 million range, and debts in the $50 million to $100 million range.
2 min read · 12 September 2011
Buyout shop OpenGate Capital has completed its purchase of the Waukesha, WI-based dairy processing plant and related assets from publicly traded Dean Foods Co. OpenGate acquired the “Golden Guernsey” and “La Vaca Bonita” brands as part of the transaction. Terms of the deal were not released. OpenGate Capital is based in Los Angeles, Calif.
2 min read · 12 September 2011
