The Boston-based private equity firm completed a majority equity buy with Eliassen Group, a tech staffing and data management consultant. Specifics of the deal were not publicized. Riverside Partners is investing from its fourth fund in healthcare and technology industries, focusing on companies with revenues between $20 and $200 million and with $5-$25 million of EBITDA.
3 min read · 03 January 2011
Olympus Partners, the Connecticut private equity firm, sold its T&H Group Inc. to Alliant Insurance Services. Specifics on the transaction were not publicized. Since developing the company via 2006 deals to buy Thesco Benefits and Tanenbaum-Harber Inc., Olympus has built the asset out with the acquisition of additional insurance businesses. Olympus’ Paul Rubin, Evan Eason and Val Matena worked on the transaction and Piper Jaffray advised the seller.
2 min read · 03 January 2011
Private investment firm ICV Partners promoted Sheldon Howell and Jermaine Warren from senior associate to vice president. Howell joined ICV from Churchill Financial and Warren re-joined ICV last year after working with Starwood Capital Group Global LLC. ICV’s most recent 2010 deal was its October investment in Mallet & Co., a maker of oils and ingredients used in the baking industry.
2 min read · 03 January 2011
Socius Capital Group, the private investment firm, has invested $25 million in listed, OTCBB-listed Advanced Cell Technology. The investment firm did so via subsidiary Socius CG II Ltd.; it acquired $25 million through a non-convertible stock purchase agreement. A statement released by both parties indicated Advanced Cell Technology would use the funding for clinical trials and general corporate purposes.
3 min read · 03 January 2011
Montage Partners bought LY Inc. and National Home Warranty, affiliated companies that provide warranty contracts for Las Vegas-area residential home systems and appliances as well as repairs. The Benchmark Group acted as advisor to National Home Warranty and LY Inc. Montage Partners’ other investments include Desierto Verde, which works with commercial and residential real estate landscaping companies, and Riggs Plumbing, an Arizona-based company.
2 min read · 03 January 2011
ABRY Partners closed its deal to invest in the majority stake of New Jersey-based claims-handling business York Risk Services Group in a secondary deal from Odyssey Investment Partners. The private equity firm has spent more than a decade handling business services deals. Among its other investments in the space are its 2008 deals in Gateway EDI, a claims processor for physicians, and Orion HealthCorp, a billing agency; Talent Partners, a payroll services provider to ad agencies, and Gould & Lamb, a claims settlement service. Harris Williams and Macquarie Capital advised York.
2 min read · 30 December 2010
The private equity firm, having invested in Great Expressions in 2008, has rolled up several regional dental care businesses since its initial deal and continues to pursue buys, according to Audax’s website. Prior investments included buys in Ohio, Florida and Michigan, among others.
2 min read · 30 December 2010
Australian mid-market LBO shop Anacacia Capital exited Lomb Scientific, selling it to Thermo Fisher Scientific Inc. for an undisclosed sum. A source familiar with the transaction said the PE firm bagged an 80% IRR on its investment following a three-year hold. For Thermo Fisher, the transaction represents a continued trend throughout 2010 of buying private backers’ assets. In May, it bought Fermentas International from investors including Summit Partners and in March the company completed a deal to buy Ahura Scientific, which raised funds from investors including ARCH Venture Partners and Fuse Capital.
3 min read · 27 December 2010
2 min read · 23 December 2010
2 min read · 23 December 2010
