Olympus Partners has sponsored a $110 million recapitalization of existing portfolio company K-Mac Enterprises Inc., the nation's second-largest Taco Bell franchisee. The deal included a $59 million dividend for existing shareholders, $2.7 million in bonuses to 25 K-Mac employees and the remainder will be used as working capital.
2 min read · 01 December 2009
1 min read · 01 December 2009
1 min read · 01 December 2009
Smith & Williamson, the administrators of Kaupthing Capital Partners (former PE arm of Kaupthing Bank), has sold a majority stake in Associated Dental Practices Ltd. to a group of private equity investors that includes Palamon Capital Partners, AlpInvest Partners, Morgan Stanley Alternative Investment Partners and LDC. The total deal is valued at £136 million, including £72 million in equity. Leveraged financing was provided by Lloyds TSB Corporate Markets Acquisition Finance and Royal Bank of Scotland. Associated Dental is the second largest provider of National Health Service dentistry in the UK.
4 min read · 01 December 2009
Seaside National Bank & Trust, an Orlando, Fla.-based commercial bank, has raised over $40 million in private equity funding. Lovell Minnick Partners, Parthenon Capital and Continental Investors each invested $15 million, and were joined by existing shareholders.
3 min read · 30 November 2009
1 min read · 30 November 2009
1 min read · 30 November 2009
Henry Schein Inc. (Nasdaq: HSIC) has agreed to merge its US animal health business with Butler Animal Health Supply, a portfolio company of Oak Hill Capital Partners and The Ashkin Family Group. The combined animal health distribution company would be renamed Butler Schein Animal Health, and would have had around $850 million in revenue over the past 12 months. Henry Schein will hold a 50.1% stake in the newly formed entity, with Butler owners holding the other 49.9 percent.
5 min read · 30 November 2009
2 min read · 30 November 2009
Polikum GmbH, a German operator of health clinics, has received an undisclosed amount of growth equity funding from Palamon Capital Partners.
3 min read · 30 November 2009
