Private Equity
Altra Investments said Monday that it closed its second pool, Altra Private Equity Fund II LP, and parallel investment funds with $355.8 million in total commitments. The total exceeded the fund's target of $300 million. Investors included public and private pension funds, funds-of-funds, family offices, sovereign wealth funds, endowments and foundations. Stanwich Advisors acted as financial advisor and placement agent.
2 min read · 28 January 2013
American Industrial Partners has acquired the operating assets of Potomac Supply Corp. Financial terms weren't announced. Potomac Supply Corp., of Kinsale, Va., makes wood products such as treated lumber, wood pellets, decking, fencing and pallets. The company filed Chapter 11 bankruptcy protection earlier this month. Jim Decker of Morgan Joseph advised Potomac along with Stephen Clarke, Alex Fisch and Si Li.
3 min read · 28 January 2013
Audax Group has recapped Heckethorn Products Inc., which does business as Rough Country Suspension Systems, in partnership with management. It's unclear how big Audax's stake is. Financial terms were not announced. GE Capital Corp. and BMO Capital Markets provided senior debt financing and Arrowhead Mezzanine provided junior debt financing. Dyersburg, Tenn.-based Rough Country provides suspension systems to off-road SUV and truck market.
2 min read · 28 January 2013
Confusion is a bad thing in private equity and venture capital. Today, Robert W. Baird & Co. is attempting to provide some clarity regarding all its different funds.
2 min read · 28 January 2013
Veggie Grill said Monday it has secured $20 million in funding from current and new investors. Brentwood Associates provided a substantial part of the capital raise and has a "substantial minority" position in the company. Santa Monica-based Veggie Grill is a West Coast restaurant concept that provides plant-based food.
3 min read · 28 January 2013
The Hilco Organization said Friday that Antony Karabus was named president of its SD Retail Consulting practice. Greg Rubin, previously CEO of SD Retail, has been appointed Chairman of SD Retail Consulting.
4 min read · 25 January 2013
To end your week, we have news that Apple loses its title as the world's most valuable company, Carl Icahn and Bill Ackman tussle on air and Cory Booker saves a dog.
1 min read · 25 January 2013
The value of U.S. announced mergers falls nearly 67% this week, while private equity-backed deals may not be as bad as they seem.
3 min read · 25 January 2013
KRG Capital Partners expects to begin marketing for its fifth fund in late 2013, a source tells peHUB.
1 min read · 25 January 2013
TSG Consumer Partners has taken a minority stake in My Fit Foods. Financial terms were not announced. Houston-based My Fit Foods is a retail outlet that provides fresh, healthy foods at affordable prices.
2 min read · 24 January 2013
