Private Equity
Graham Partners completed a majority investment in Strata Products Worldwide, an Atlanta, Ga.-based provider of products and services used for infrastructure and miner safety. Graham Partners is a Pennsylvania-based private equity firm that specializes in middle market manufacturing companies.
3 min read · 11 November 2010
Silk Invest plans to launch a private equity fund that will invest in African food-related industries, Reuters said. The fund will operate in Egypt, Ethiopia and Nigeria and other markets. The vehicle will have a target of 150 million euros ($206.8 million).
2 min read · 11 November 2010
Hercules Technology Growth Capital Inc.’s public offering of 6.25 million common shares was priced at $10 each. This represents gross proceeds of $62.5 million for the Palo Alto, Calif.-based specialty finance company. The offering’s underwriters have an over-allotment option to purchase up to 937,500 more shares. The offering is expected to close on Nov. 16.
3 min read · 11 November 2010
Racebrook Capital LLC of New York plans to auction a portfolio of 150 U.S. consumer products and retail brands on Dec. 8. The brands cover 13 business categories including personal care, food & beverage, corporate, apparel, home, consumer goods, technology, financial institutions, toys, travel, magazine, environmental and sports. Some of the brands on the block include: American Brands Inc., Handi-Wrap and Meister Brau.
3 min read · 11 November 2010
Health & Safety Institute, a platform company of Riverside Co., acquired a health care app maker called GoToAID. Financial terms were not disclosed. Health & Safety Institute is a privately held emergency response training organization based in Eugene, Ore.
2 min read · 11 November 2010
Rockland Capital of The Woodlands, Texas hired that Terry E. Everett as chief financial officer. She will also serve as chief compliance officer. Everett has worked in private equity industry since 2003, and has worked for both Perseus LLC and The Carlyle Group.
2 min read · 11 November 2010
Michael C. Arnold plans to leave Timken Co. at the end of 2010. Arnold holds the post of executive vice president and president of the Bearings and Power Transmission Group. He is leaving after more than 31 years with the Canton, Ohio-based company to become president and chief executive officer of a private equity-owned firm.
2 min read · 11 November 2010
Accent Equity Partner AB agreed to acquires property protection company Troax from the Gunnebo AB. Stockholm, Sweden-based Accent plans to complete the transaction together with Troax’s management. Troax is based in Hillerstorp, Sweden. Financial terms were not disclosed.
3 min read · 11 November 2010
The European Parliament approved rules that will regulate hedge funds and private equity manager starting in 2013, Reuters reported. The measures were approved with overwhelming support. There were 513 votes in favor for the rules, with 92 opposing votes and three abstentions.
2 min read · 11 November 2010
Kohlberg Kravis Roberts & Co. sold Duales System Deutschland GmbH to the company’s management that had support from U.K. private equity shop Solidus. Duales System is a waste manager based in German. Financial terms were not disclosed, but a person close to the company told Reuters the price was a low three-digit million euros sum.
1 min read · 11 November 2010