PE Hub Staff

Wollenberg Names President, COO of American Capital’s FDI Collateral Indirect Unit

FDI Collateral Management Inc., a Sacramento, Calif.-based provider of vehicle collateral solutions for auto lenders, named Daniel Wollenberg president, and chief operating officer. FDI is a subsidiary of TriVIN. American Capital Ltd. is the primary equity holder of TriVIN.

GC SBIC IV Gets OK To Op As A Small Business Investment Co.

Golub Capital BDC Inc.’s GC SBIC IV LP received approval from the U.S. Small Business Administration to operate as a small business investment company. GC SBIC IV will be allowed to obtain leverage by issuing SBA-guaranteed debt. Golub Capital managed over $4 billion in capital and has offices in New York, Chicago and Atlanta.

ABRY Partners Buys RCN Corp. for $15 A Share

ABRY Partners LLC completed its acquisition of RCN Corp., which provides broadband services, for $15 a share in cash. SunTrust Robinson Humphrey served as financial adviser to ABRY Partners, which is Boston-based private-equity shop specializing in media and information technology companies.

Grikscheit Joins Sidley Austin LLP as Partner

Sidley Austin names Alyssa Grikscheit a partner in the Latin America and investment funds, advisers and derivatives practices. She will focus on cross-border transactions and alternative investment funds and will work out of New York.

Kellwood Co Buys ADAM

Kellwood Co., a portfolio company of Sun Capital Partners, has acquired ADAM, a maker and marketer of high-end contemporary clothing. No financial terms were disclosed.

Packers Holdings Adds On

Packers Holdings LLC, a portfolio company of Blue Point Capital Partners, has acquired two contract cleaners serving the food processing industry: Kaiser Contract Cleaning Specialists Inc. and Canadian Contract Cleaning Specialists Inc. No financial terms were disclosed.

Leonard Green Buys Into Fiesta Palms

Chinese Supermarket Chain Raises $40 Million

Beijing New Cooperation Supermarket Chain, a Chinese operator of convenience stores and supermarkets, has raised $40 million in private equity funding from My Decker Capital.

Mill Road Completes Rubio's Buyout

Mill Road Capital has completed its take-private acquisition of Mexican restaurant chain Rubio’s Restaurants Inc. The $8.70 per share deal valued Rubio's at around $91 million. Sellers included Rosewood Capital. Last October, Rubio’s rejected an $80 million buyout offer from Levine Leichtman Capital Partners.

Mid-Atlantic Convenience Adds On

Mid-Atlantic Convenience Stores has acquired 58 convenience stores/fuel stations in Northern Virginia and Maryland from Exxon Mobile Corp. No financial terms were disclosed. MACS is a platform sponsored by Catterton Partners.