Monitor Clipper Partners has closed its third buyout fund with $500 million in capital commitments, according to LBO Wire. It had been targeting $800 million. www.monitorclipper.com
1 min read · 07 January 2009
Synchronous Aerospace Group, a portfolio company of Littlejohn & Co., has acquired Helicomb International Inc., a Tulsa, Okla.-based provider of aerospace composite structures. No pricing terms were disclosed for the deal, which included equity financing from Littlejohn and debt financing from Jefferies Finance.
2 min read · 07 January 2009
Gunflint Capital has launched as a new boutique I-bank based in Edina, Minnesota. It is run by Bill Cavanagh, who previously was a principal with Counsel Funding Partners and a vice president with Bayview Capital.
1 min read · 07 January 2009
1 min read · 07 January 2009
Alex Edwards has joined the Shanghai office of placement agent C.P. Eaton Partners, as a vice president leading expansion into Australia, New Zealand and South Asia. He previously was with Franklin Templeton Investments in Hong Kong and London.
2 min read · 07 January 2009
Rockbridge Growth Equity has acquired Northcentral University, a Prescott Valley, Ariz.-based online university with around 7,500 current students. No financial terms were disclosed. Rockbridge was advised on the deal by Berkery Noyes.
2 min read · 07 January 2009
Kent Carstater has joined Stifel, Nicolaus & Co. as a managing director in the firm’s Financial Institutions practice. He previously was with Resource America Inc., where he served as president of a private equity subsidiary.
2 min read · 07 January 2009
Pfingsten Partners of Chicago has formed Sangamon Industries LLC, a special purpose vehicle that will make investments in underperforming or distressed manufacturing and distribution businesses. The move is concurrent to Pfingsten beginning to invest out of its $525 million fourth fund, which closed in Q2 2008.
2 min read · 07 January 2009
Mark Watt has joined America’s Growth Capital as a partner in the firm’s Menlo Park investment banking group. He previously was a director of technology I-banking with Merrill Lynch.
2 min read · 07 January 2009
FleetPride, an independent aftermarket distributor of heavy-duty truck and trailer parts, has acquired E.H. Burrell Co., a wholesale distributor of parts and accessories for commercial trucks and heavy equipment. No financial terms were disclosed. FleetPride is owned by Investocrp, Banc of America Capital Investors and company management. E.H. Burrell Co. was advised by The March Group.
2 min read · 07 January 2009
