FedCap Partners, a Reston, Va.-based private equity firm focused on the Federal contracting industry, has held a first close on $15.5 million for its debut fund. According to a regulatory filing, the fund target is $30 million.
4 min read · 19 February 2010
Lineage Power Holdings Inc., a portfolio company of Gores Group, has agreed to acquire PECO II Inc. (Nasdaq: PIII), a Galion, Ohio-based provider of engineering and on-site installation services related to communications power systems and power distribution equipment. The deal is valued at around $16.7 million, with PECO stockholders to receive $5.86 per share (51% premium to yesterday's closing price).
3 min read · 19 February 2010
TelePacific Communications, a Los Angeles-based CLEC for SMEs in California and Nevada, has secured a $395 million senior credit facility. TelePacific is a portfolio company of Clarity Partners and Investcorp.
3 min read · 19 February 2010
Noel Gruber has joined BuckleySandler as counsel, with a focus on representing U.S. financial institutions on securities, corporate, transactional and regulatory matters. He previously was with Kennedy & Baris LLP.
3 min read · 19 February 2010
OpSec Security Group PLC (AIM:OSG) shareholders have approved Investcorp Technology Partners' acquisition of a 29.8% ownership position. OpSec makes anti-counterfeiting protection technologies. The deal is worth a total of around £15.8 million.
3 min read · 18 February 2010
The Public School Employees Retirement System of Pennsylvania (PSERS) announced that a 4.09% gain in investment performance for the fourth quarter of 2009, and 12.06% gain for the year. The system's private markets performance for the quarter was 7% and -9.62% for the year.
3 min read · 18 February 2010
1 min read · 18 February 2010
Anthony, a Sylmar, Calif.-based maker of commercial glass refrigerator and freezer doors, has acquired Trausch Industries, an Audubon, Iowa-based provider of onsite refurbishment of refrigerator and freezer cases. No financial terms were disclosed. Anthony is a portfolio company of Aurora Capital Group, while Trausch owner Edgewater Funds will roll over some of its proceeds into a minority stake for the combined business.
4 min read · 18 February 2010
Linsalata Capital Partners has acquired Eatem Corp., a Vineland, N.J.-based company that makes bases and concentrates used in soups and other food products. No financial terms were disclosed, except that GE Antares Capital provided a $37 million senior secured credit facility. peHUB first reported on the deal last month.
2 min read · 18 February 2010
1 min read · 18 February 2010
