Private Equity
CRH Plc said July 16 that it agreed to sell its Europe Distribution business to Blackstone for 1.64 billion pounds ($1.9 billion). The deal include CRH’s entire general builders merchants business in Europe, including its sanitary heating and plumbing business.
2 min read · 16 July 2019
Arcline Investment Management has acquired Long Beach, California and UK-based Integrated Polymer Solutions Inc, a maker of elastomeric components. The seller is Industrial Growth Partners. No financial terms were disclosed. William Blair served as financial adviser to Arcline on the deal.
2 min read · 15 July 2019
Longueuil, Québec-based Knowlton Development Corporation, a custom formulator and manufacturer serving the beauty, personal care and household sectors, has agreed to acquire Swallowfield's manufacturing business and associated assets. The price of the transaction is about 35 million pounds or about C$57 million. The deal is expected to close in August 2019. KPMG is serving as financial adviser to KDC/ONE on the deal with Weil, Gotshal & Manges providing legal advice. And, Baylor Klein is acting as financial adviser to Swallowfield plc, while Ashfords LLP is providing legal advice. KDC/One is backed by Cornell Capital, Caisse de dépôt et placement du Québec, Investissement Québec and HarbourVest Partners.
6 min read · 15 July 2019
Bosch said July 12 that it plans to sell its packaging machinery business to CVC Capital Partners. Financial terms weren’t announced but Reuters valued the unit at 850 million euros ($957 million).
3 min read · 15 July 2019
Yak Access LLC, a portfolio company of Platinum Equity, has acquired Canton, Ohio-based Klein's Restoration Services, a provider of services including restoration, matting, site development and construction, and traffic control solutions, primarily to the powerline industry. No financial terms were disclosed.
3 min read · 12 July 2019
Autokiniton Global Group, a North American supplier of metal-formed components and complex assemblies to the automotive industry, has agreed to acquire Tower International Inc, a maker of engineered automotive structural metal components and assemblies, for $31 per share. AGG is a portfolio company of KPS Capital Partners.
5 min read · 12 July 2019
Prototek, a portfolio company of CORE Industrial Partners, has acquired Cal-X. Financial terms weren’t announced. Cal-X, of Grafton, Wisconsin, provides precision machining and sheet metal fabrication rapid prototyping services.
3 min read · 11 July 2019
One Rock Capital Partners has agreed to acquire Actuant's engineered components and systems segment. No financial terms were disclosed. The deal is expected to close during the fourth quarter of this year.
2 min read · 09 July 2019
Seacoast Capital has invested $9.5 million in The Wing Group. Based in Lafayette, California, Wing is a maker of high-performance collars for rigid hull inflatable boats and a builder of inflatable watercraft.
3 min read · 09 July 2019
Pamplona Capital Management has acquired a majority stake in Infiana, a German provider of engineered polyolefin films. The sellers included Deutsche Beteiligungs AG. No financial terms were disclosed. The deal is expected to close within the next three months.
2 min read · 08 July 2019
