H.I.G. Capital has sponsored a recapitalization of TRAKAmerica, a Naples, Fla.-based provider of accounts receivable management services to consumer credit originators and debt buyers. No financial terms were disclosed for the deal, which will result n TRAKAmerica becoming part of an H.I.G. acquisition platform called Reprise Management Group. Greenberg Advisors advised H.I.G. and Reprise on the deal.
4 min read · 13 January 2010
H.I.G. Capital has completed its acquisition of Allion Healthcare Inc. (Nasdaq: ALLI) for $278 million, including the assumption or repayment of $79 million of indebtedness. The $6.60 per share sale price represented a 21.32% premium over Allion's closing price prior to the original deal announcement. Allion provides pharmacy and disease management services focused on HIV/AIDS patients, plus specialized biopharma medications and services to chronically ill patients.
3 min read · 13 January 2010
Cogent Partners has promoted Chris Bonfield to vice president. He joined the firm in 2007 from Bank of America.
2 min read · 13 January 2010
1 min read · 13 January 2010
Robert Barrack has joined New York Life Capital Partners as a managing director and chief operating officer. He has spent the past 12 years with The Blackstone Group, most recently as a managing director of business development and investor relations.
3 min read · 13 January 2010
Lincolnshire Management has acquired two aviation training companies: Sanford, Fla.-based Delta Connection Academy Inc. and Burnsville, Minn.-based Aerosim Technologies. No financial terms were disclosed. The two companies will operate under a common holdco named Flight Training Acquisitions LLC.
4 min read · 13 January 2010
NetWitness Corp., a Herndon, Va.-based provider of network forensic analysis products, has raised an undisclosed amount of growth equity funding from Summit Partners. The company previously raised VC funding from Alsop Louie Partners, and its CEO is former In-Q-Tel boss Amit Yoran.
3 min read · 13 January 2010
Curtis Hart has joined Industrial Opportunity Partners as director of business development. He previously was with GE Capital. IOP also announced the hiring of David Dorfman as an associate. Dorfman previously was an analyst with Harris Williams & Co.
2 min read · 13 January 2010
1 min read · 13 January 2010
Evriholder Products, a branded housewares portfolio company of CID Capital, has acquired licensed housewares company A. Aronson Inc. No financial terms were disclosed.
2 min read · 12 January 2010
