I've been a business reporter for a while. I've covered Wall Street, venture capital and now private equity. I'm always looking for a scoop or something to talk about. I'm the eternal optimist and am still waiting for the Chicago Cubs to win the World Series. Yes, I believe.
CenterOak Partners LLC has acquired a majority stake in Cascade Windows Inc. Financial terms weren’t announced. Altamont Capital Partners, the seller, acquired Cascade in 2012. Spokane, Washington-based Cascade designs, makes and sells vinyl windows and sliding doors for more than 25 years.
3 min read · 02 February 2016
Permira said Tuesday that it has agreed to sell Creganna Medical to TE Connectivity for $895 million. Plymouth, Minnesota-based Creganna makes delivery devices for the minimally invasive vascular surgery market. Piper Jaffray advised Permira while Skadden, Arps, Slate, Meagher & Flom LLP was their attorney. UPDATE: Permira is expected to make 3.47x its money with the sale, according to a source familiar with the situation.
3 min read · 02 February 2016
Zest Anchors Inc., a portfolio company of Avista Capital Partners, has acquired Danville Materials LLC. Financial terms weren’t announced. Inverness Graham Investments was the seller. San Ramon, Californa-based Danville Materials makes restorative consumables and small equipment for the dental market. Deutsche Bank advised Zest while Weil, Gotshal & Manges LLP was their attorney. Danville received legal advice from Drinker Biddle & Reath LLP.
4 min read · 02 February 2016
2 min read · 01 February 2016
Stryker Corp has agreed to buy Sage Products, a portfolio company of Madison Dearborn Partners, for $2.775 billion. Cary, Illinois-based Sage develops products used to prevent hospital-acquired conditions. Barclays advised Sage with Kirkland & Ellis LLP and Madden, Jiganti, Moore & Sinars LLP providing the company with legal counsel. JP Morgan is serving as Stryker's exclusive financial advisor while Sullivan & Cromwell LLP was their lawyer.
4 min read · 01 February 2016
Royal Adhesives & Sealants LLC, a portfolio company of American Securities LLC, said Monday it acquired the business assets of Weld Mount Systems. Financial terms weren’t announced. Durham, Connecticut-based Weld Mount provides fasteners designed for applications such as wire tie mounts, hose and cable clamps, studs, standoffs, and floating nut plates.
2 min read · 01 February 2016
Click Notices Inc. said Monday that it closed a Series A round led by Sopris Capital. Financial terms weren’t announced. Annapolis, Maryland-based Click Notices is a SaaS provider of delinquency management services to the multifamily property industry.
2 min read · 01 February 2016
Houghton International Inc said Monday that Kevin Smith was named Senior VP, Houghton International and president, Europe, Middle East and Africa (EMEA) and Global Automotive and Aerospace, effective February 1. Before joining Houghton, Smith was chief executive officer, EMEA for Arysta Lifescience. CORRECTION: Houghton is a portfolio company of AEA Investors. owned by the Hinduja Group. Correction: A prior version of this story said that AEA Investors owned Houghton. AEA sold Houghton in 2012 to the Hinduja Group.
2 min read · 01 February 2016
Natural Gas Partners has agreed to commit $200 million to PCORE Exploration & Production II LLC. Dallas-based PCORE II is an exploration and production company that is focused on developing core unconventional oil prospects in North America. Mark Hiduke, David Hall, Colin O’Farrell and Billy Hannes lead PCORE II. The founders were previously leaders of PCORE Exploration & Production LLC, which was founded in May 2014 and sold in January 2016.
2 min read · 01 February 2016
Carnelian Energy Capital Management LP has invested in Percussion Petroleum LLC. Financial terms weren’t announced. Houston-based Percussion is an oil and natural gas company focused on acquiring and exploring opportunities in select onshore basins in North America.
2 min read · 01 February 2016
