Private Equity
Nautic Partners acquired Spartech LLC from Arsenal Capital Partners. No financial terms were disclosed. Based in Maryland Heights, Missouri, Spartech is a custom manufacturer of specialized acrylics and other engineered extruded plastics.
4 min read · 18 October 2019
One Equity Partners has acquired Deerfield, Illinois-based ORS MEDCO, a distributor of safety and security products, tools, body shop and repair products, welding, paint, chemicals and abrasives. The seller was Essendant Inc. No financial terms were disclosed.
2 min read · 17 October 2019
Cornell Capital LLC has made an investment in Taiwan-based Lorom, a manufacturing solutions provider focusing on specialized cable manufacturing and assembly. No financial terms were disclosed.
3 min read · 17 October 2019
Platinum Equity has acquired TruckPro from Harvest Partners. No financial terms were disclosed. Memphis-based TruckPro is a distributor of heavy-duty truck and trailer parts.
3 min read · 16 October 2019
Tikehau Capital, Bpifrance and minority investors provided another 33 million euros ($36.4 million) to ADDEV Materials to finance the acquisitions of Andpak and Zip-Chem. Andpak specializes in the packaging of chemicals products for aeronautics industry, while Zip-Chem develops and makes surface preparation, anti-corrosion, lubricants and cleaning products. Tikehau and Bpifrance previously invested 38 million euros in Addev in April.
4 min read · 16 October 2019
The Carlyle Group and Stellex Capital Management have acquired Vigor Industrial LLC and MHI Holdings LLC. No financial terms were disclosed. Also, Carlyle and Stellex have named Jim Marcotuli as CEO of the newly combined company. Vigor is a diversified industrial business while MHI consists of three major providers serving the U.S. Navy, military sealift command, maritime administration and commercial ship owners and operators worldwide.
4 min read · 14 October 2019
Cerberus Capital Management LP has agreed to acquire Closure Systems International's North American, Costa Rican and Japanese businesses and related facilities. The seller was Reynolds Group. No financial terms were disclosed. Goldman Sachs provided financial advice to Reynolds Group and CSI on the deal.
3 min read · 14 October 2019
Scout24’s sale of AutoScout24 has attracted private equity firms and Auto1, Reuters reported. Permira, Apax, Carlyle and Hellman & Friedman are among those expected to hand in first-round bids of between 2 billion and 2.3 billion euros ($2.2 billion-$2.5 billion), the story said. AutoScout24 is Germany’s No.2 used-car classifieds platform.
1 min read · 10 October 2019
Levine Leichtman Capital Partners said Oct. 9 that it sold Nobles Worldwide to Ducommun Inc. Financial terms weren’t announced. Nobles, of St. Croix Falls, Wisconsin, designs and makes ammunition handling systems for the U.S. Armed Forces and its allies.
2 min read · 09 October 2019
TPC Wire & Cable Corp, which is backed by Audax Private Equity, has made two acquisitions: Valencia, California-based Cicoil, a maker of flat and round cables for aerospace and commercial applications; and Pittsburgh Wire & Cable, a distributor of wire and cable to rugged applications. No financial terms were disclosed.
1 min read · 08 October 2019
