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Altamont Capital sells Modern Healthcare

Altamont Capital Partners said Sept. 7 that it sold Modern Healthcare Inc to The Kroger Company. Financial terms weren’t announced. Modern Healthcare, a specialty pharma platform, focuses on drug treatments for complex disease states like rheumatoid arthritis/dermatology, HIV and cystic fibrosis. Jefferies LLC served as financial advisor to Altamont and Modern along with Houlihan Lokey and William Blair. Ropes & Gray LLP served as legal counsel to Altamont and Bass Berry & Sims served as legal counsel to the Company.

AAA Sales & Engineering to buy GPC assets

AAA Sales & Engineering Inc, a portfolio company of Industrial Opportunity Partners, has acquired nearly all of the business, operations and assets of General Products Corp’s (GPC) Angola, Indiana, facility and the stock of its subsidiary in San Luis Potosi, Mexico along with the assumption of certain liabilities. Financial terms weren’t announced. GPC provides drive train-related products for automotive and commercial vehicle applications. BlueWater Partners and Miller Johnson represented GPC. MB Financial, Silicon Valley Bank and Patriot Capital provided financing, while Winston & Strawn LLP were the attorneys for IOP in the transaction.

Swander Pace Fund VI blows past target to clinch $510 mln close

Hardaway joins Frazier Healthcare as Operating Partner

Frazier Healthcare Partners said Sept. 7 that Brock Hardaway has joined the firm as an Operating Partner on the Growth Buyout team. Hardaway most recently served as CEO of Millennium Health.

Graycliff Partners invests in A-1 Machine Manufacturing

Graycliff Partners said Sept. 7 that it invested in A-1 Machine Manufacturing Inc. Financial terms weren’t announced. Santa Clara, California-based A-1 makes and integrates machined components and systems to the flat panel display equipment, semiconductor equipment and general industrial end-markets.

PE-backed Microbiology Research Associates buys Accuratus Lab

Microbiology Research Associates, a portfolio company of Thompson Street Capital Partners, said Sept. 7 that it acquired Accuratus Lab Services. Avista Pharma Solutions Inc was the seller. Eagan, Minnesota-based Accuratus provides microbiology, virology, and analytical chemistry GLP testing services. Fairmount Partners advised Accuratus. Sidley Austin LLP and Nolan & Associates advised MRA.

OpCapita Fund II raises $390.8 mln

OpCapita LLP said Sept. 6 that it closed its second fund at its 350 million euro ($390.8 million) hard cap. The fund has a five year investment period and is focused on investing in underperforming businesses in the consumer, retail and leisure sectors in Europe. Monument Group Europe LLP acted as placement agent, while Fried Frank and Mourant Ozannes provided legal advice, and Ipes acted as fund administrator.

Zettabox raises round of financing

Zettabox said Sept. 6 it raised its first external round of financing. Financial terms weren’t announced. Investors of the round include Henrik Kraft, former head of Technology and Communications investments in Europe for Kohlberg Kravis Roberts & Co LP, as well as Victor Bischoff, a European financier and investor in tech and biotech startups.

Wilson joins Carlyle as Senior Advisor

The Carlyle Group said Sept. 5 that it named Brian Wilson a Senior Advisor to the Asia buyout team. He is based in Sydney. Wilson is currently Chairman of Australia’s Foreign Investment Review Board, Chancellor of the University of Technology Sydney, a non-executive director of Bell Financial Group and a member of the Payments System Board of the Reserve Bank of Australia.

CenterOak Partners buys Wetzel’s Pretzels

CenterOak Partners LLC has acquired a majority stake in Wetzel’s Pretzels LLC. Financial terms weren’t announced. Pasadena, California-based Wetzel’s Pretzels is an owner and franchisor of soft pretzel stores. Golub Capital provided financing. Gibson, Dunn & Crutcher LLP provided legal advice to CenterOak Partners, while North Point Advisors served as financial adviser to Wetzel’s Pretzels.