Private Equity
Pioneer Power Solutions has agreed to sell its liquid filled and dry type transformer businesses to Mill Point Capital. The purchase price is $65.5 million. Lincoln International was financial adviser to Pioneer Power Solutions Inc. The deal is expected to close in the second half of 2019.
3 min read · 01 July 2019
OpenGate Capital has acquired Duraco Specialty Tapes from Essentra plc. No financial terms were disclosed. Headquartered in Forest Park, Illinois, Duraco is a B2B manufacturer of specialty tapes.
2 min read · 01 July 2019
Berry Global Group Inc said July 1 that it closed its $6.5 billion buy of RPC Group. The deal included $2.2 billion net debt and about $4.3 billion cash. RPC is a British packaging company. In March, RPC ditched a lower bid from Apollo Global Management in favor of a higher offer from Berry Global, Reuters reported.
6 min read · 01 July 2019
First Reserve has completed its buy of Trillium Flow Technologies, formerly Weir Flow Control. Weir Group was the seller. Trillium Flow Technologies consists of 15 global pump and valve brands servicing the power generation, oil and gas, water and wastewater, mining, and industrial sectors.
2 min read · 01 July 2019
Genesee & Wyoming Inc said July 1 that Brookfield Infrastructure and GIC agreed to buy G&W in a transaction valued at approximately $8.4 billion including debt. G&W owns a portfolio of 120 short line railroads, predominantly in North America, with operations in Europe and Australia.
10 min read · 01 July 2019
MPE Partners has made an investment in Englewood, Colorado-based Garmat USA, a provider of highly engineered paint booths, finishing solutions and related accessories for the automotive collision repair and industrial end markets. No financial terms were disclosed.
2 min read · 27 June 2019
One Equity Partners said June 27 that it completed its buy of Walterscheid Powertrain Group. The deal was announced in March.
2 min read · 27 June 2019
CVC Capital Partners is near a deal to buy 25 percent in Dubai’s GEMS Education, which is backed by Blackstone Group, Bloomberg reported. CVC may pay $1 billion for the stake, the story said.
1 min read · 27 June 2019
Axalta Coating Systems Ltd has formed a board committee to explore a sale, Reuters reported. Axalta, a U.S. coatings company, has a roughly $7 billion market cap, the story said. Warren Buffett’s Berkshire Hathaway Inc is a large Axalta shareholder, Reuters said.
1 min read · 27 June 2019
Goldner Hawn has sold Stellar Materials to Unifrax, a portfolio company of Clearlake Capital Group, L.P. No financial terms were disclosed. Based in Boca Raton, Florida, Stellar is a provider of specialty chemicals and materials.
2 min read · 26 June 2019
