Boston-based private equity firm Audax Group completed its buy of the Elgin Equipment Group, an Illinois-based maker of material processing parts for coal, oil and gas applications. Specifics on the deal were not publicized. Lincoln International advised Elgin. Kirkland & Ellis LLP served as counsel to Audax Group. GE Antares Capital, Madison Capital Funding, and BMO Capital Markets led the senior debt financing and PNC Mezzanine led the subordinated debt financing to support the transaction.
2 min read · 27 June 2011
8 min read · 27 June 2011
Charles River Ventures and a group of OneLogin’s existing investors joined to provide the cloud-based identity and access management firm $1.5 million in its Series A round. The company is based in Los Angeles, Calif.
2 min read · 24 June 2011
2 min read · 23 June 2011
VCs Khosla Ventures and Opus Capital pitched in, along with other investors, to provide Touchtone Semiconductor with a $12 million funding, it was announced. Pierre Lamond, a general partner with Khosla Ventures, and Gill Cogan, general partner with Opus Capital, worked on the transaction. Cathal Phelan, chief technical officer at Cypress Semiconductor Corp. and a 25-year semiconductor industry expert, has joined the company’s board of directors.
3 min read · 23 June 2011
Sun Capital Partners recapitalized its Exopack Holding Corp., packaging company. The recapitalization transaction included a private placement for $235 million at 10% due 2018 and a six-year $350 senior secured term loan facility. Mesirow Financial advised Exopack in the transaction.
3 min read · 20 June 2011
Sun Capital Partners, the Florida-based private equity firm, acquired the assets of Vitro America via a 363 bankruptcy sale. Vitro America, which serves construction and auto replacement markets with architectural glass and aluminum products, is based in Memphis, Tennessee. Aaron Wolfe, Principal at Sun Capital Partners, worked on the transaction for the private equity firm. Specifics were not publicized.
3 min read · 20 June 2011
Comvest Capital II, the debt fund affiliated with the Comvest Group, will provide $15 million in debt and equity financing to Integrated Oncology Network LLC. The company is acquiring a minority interest in Vicura, a radiation oncology center with locations in Southern California.
2 min read · 20 June 2011
Protective Industries’ management, a manufacturer of plastic protection products (“Caplugs”), Windjammer Capital Investors and ShoreView Capital Partners. Specifics on the transaction were not publicized. Choate, Hall & Stewart LLP acted as legal counsel to Windjammer. Caplugs was advised by Houlihan Lokey Capital, Inc. and the law firm of Sidley Austin LLP.
3 min read · 17 June 2011
Scale Venture Partners and Lightbank, the tech investment fund launched by Eric Lefkofsky and Brad Keywell, were joined by New Enterprise Associates, Trinity Ventures and Anthem Ventures in a $23.5 million round of fundraising for Beachmint, a social commerce company for celebrity-created consumer products. Specifics on the transaction were not specified, but Sharon Wienbar, from Scale Ventures, will join the Olsen-twin-affiliated company’s board.
3 min read · 17 June 2011
