3 min read · 23 December 2010
3 min read · 23 December 2010
2 min read · 22 December 2010
The New York-based private equity firm will lead a team of investors that will spend $16 million to support the wealth management technology and solutions firm. ABS Capital’s Cal Wheaton and Don Hebb will join the FolioDynamix's board of directors as part of the deal. The late-stage growth investor concentrates on business services, healthcare, media and tech companies.
2 min read · 21 December 2010
The Illinois-based private equity firm’s Knape & Vogt, a maker and distributor of functional hardware, storage components and ergonomic products will integrate the Illinois-based John Sterling Corp. into its existing platform. For Wind Point, 2010 has been a busy year of completing add-on deals for existing assets and platforms, including its Ryt-Way Industries and Hearthside Food Solutions.
3 min read · 21 December 2010
1 min read · 18 December 2010
Conduit Capital Partners, the New York-based private equity firm, will spend $127 million to support the development of a power plant in West Kingston, Jamaica. The PE firm is investing from its Latin Power III fund, which it launched in 2005 and is approximately 50% deployed. The project will be managed by the PE firm's Jamaica Energy Partners.
3 min read · 17 December 2010
Lightower Fiber Networks, the Boxborough, Mass.-based fiber network company backed by M/C Venture Partners, Pamlico Capital and Ridgemont Equity Partners, closed a $230 million senior secured credit facility with GE Capital Media. The facility, consisting of a $40 million revolver and a $190 million term loan, will go toward the company’s deal to buy Lexent Metro Connect. With PE backing, Lightower has made multiple acquisitions in recent years.
3 min read · 17 December 2010
Consumer-centric private equity firm Levine Leichtman exited its Harlow’s Casino Resort & Hotel investment, selling the gaming business to listed, Kentucky-based Churchill Downs Inc. in a $138 million deal. Houlihan Lokey advised on the transaction. The sale netted the sponsor a 29% IRR and a 2.3x cash-on-cash return. The deal is the second of two exits for the private equity firms in the gaming space. Previously, Levine Leichtman also held a stake in Mikohn Gaming Group.
2 min read · 17 December 2010
Swander Pace Capital makes an exit, selling the Canadian brand to Yoplait, as the company’s majority stake is reportedly being shopped by French LBO shop PAI Partners.
2 min read · 16 December 2010
