Private Equity
Canada Pension Plan Investment Board has acquired a 45 percent stake in PT Lintas Marga Sedaya, the concession holder and operator of the Cikopo-Palimanan toll road. No financial terms were disclosed. The investment will be made in partnership with PT Baskhara Utama Sedaya, a subsidiary of PT Astra Tol Nusantara. CPPIB and BUS will jointly acquire the 55 percent stake currently held by PLUS Expressways International Berhad, a subsidiary of the UEM Group.
3 min read · 19 September 2019
Horizon Global, a maker of branded towing and trailering equipment, has sold its Asia Pacific business segment to Pacific Equity Partners. The purchase price is about $233 million. Jefferies LLC served as financial adviser to Horizon Global with Jones Day and Macpherson Kelley providing legal advice.
3 min read · 19 September 2019
U-C Coatings, a portfolio company of High Road Capital Partners, has acquired the assets of the stains and industrial coatings business of Eco Chemical Inc. Financial terms weren’t announced. Eco Chemicals, of Seattle, makes water-based stains and coatings used on pressure treated wood and in the manufacturing of wood products such as fencing, decks, and exteriors.
3 min read · 19 September 2019
Crossplane Capital said Sept. 19 that it acquired a controlling stake in the Accent Family of Cos. Financial terms weren’t announced. Accent, of Tomball, Texas, distributes baling wire, wire ties and wire tier machines into the waste and recycling industries.
3 min read · 19 September 2019
L Squared Capital Partners has recapitalized Florida-based GWS Tool Group, a provider of consumable cutting tools. No financial terms were disclosed.
3 min read · 18 September 2019
Nissan Motor Co has put Nissan Trading Co, which distributes vehicle parts and materials, up for sale in a transaction that could be valued at about $1 billion, Bloomberg is reporting. Nissan has invited private equity and trading firms to bid for all or 100 percent of Nissan Trading, the story said.
1 min read · 18 September 2019
Clayton, Dubilier & Rice LLC is in talks to partner with PPG Industries to make a bid for Axalta Coating Systems, Reuters is reporting. Other investors of the consortium could include GIC and BlackRock, the story said. Axalta, a U.S. coatings company, went up for sale in July.
1 min read · 18 September 2019
Valicor Environmental Services, which is backed by Pritzker Private Capital, has acquired Strength Environmental, an operator of a wastewater treatment facility in Inkster, Michigan. No financial terms were disclosed.
3 min read · 17 September 2019
Staple Street Capital and Thompson Capital Partners have acquired Phoenix-based Precise Metal Products, a maker of complex metal assemblies for many aerospace and defense companies. No financial terms were disclosed.
3 min read · 17 September 2019
Metalmark Capital is weighing the sale of Kissner Milling Co, Bloomberg is reporting. Metalmark is seeking about $2 billion for Kissner, a Canadian rock salt producer, the story said.
1 min read · 17 September 2019
