michaelschoeck

Audax Private Equity earmarks five portfolio companies for sale review, sources say

The portfolio companies include electrical and hardware product distributors, transportation services, safety products and non-hazardous waste management.

nVent thermal business carveout; Neuberger Berman joins Audax to recap FDH Aero; EnCap closes second energy transition LP

Kline Hill Partners invests in Agile Displays.

nVent tests buyout market for thermal management division

The thermal business segment, which includes the Raychem brand of heat tracing systems, could be an appealing carveout opportunity for a mid-market PE firm, sources said.

On the block: Residential and commercial roofing services companies

PE firms are seeking to exit investments in roofing providers to redistribute capital into their latest holdings.

KKR shops Circor’s coking valves unit DeltaValve, sources say

Circor originally acquired DeltaValve in late 2016 as part of its Critical Flow Solutions acquisition valued at $210m.

Blackstone and GI Partners close deals; EQT reveals Lumos JV plans; DealMax 2024 highlights

GI Partners acquires broadband service provider DQE Communications.

GTCR to take AssetMark private for $2.7bn; Blackstone buys Tropical Smoothie Cafe

LLCP sells Tropical Smoothie Cafe to Blackstone.

Palladium hopes buyers will jump for trampoline park operator Sky Zone

After covid restrictions eased, Sky Zone's gross margin expanded and as such, it could be appealing to a large-cap focused PE sponsor.

Littlejohn Capital seeks add-ons for ArmorWorks

The acquisition of Fox Valley Metal-Tech, announced in March, marked ArmorWorks’ first add-on.

Northlane sells VMG to Incline; KKR bets on healthtech; Ray Hill joins Arsenal Capital

Blackstone posts strong first quarter earnings.