Private Equity
Searchlight Capital has made a $414 million bid to acquire French aeronautics company Latecoere, reported Reuters. Latecoere says it will examine the offer.
1 min read · 01 July 2019
Marco Group International, a portfolio company of The CapStreet Group, has acquired Manus Abrasive Systems, a Canadian manufacturer and distributor of surface preparation equipment, abrasive materials and consumables. No financial terms were disclosed.
2 min read · 01 July 2019
Ideal Tridon, which is backed by Snow Phipps, has acquired ZSi-Foster from Pfingsten Partners. No financial terms were disclosed. Based in Canton, Michigan, ZSi-Foster is a specialty manufacturer and supplier of pipe, hose and conduit support and fastening solutions.
3 min read · 01 July 2019
VLS Recovery, a portfolio company of Aurora Capital Partners, has acquired Tubal-Cain's cleaning and repair division. Also, VLC has acquired Tubal-Cain's industrial services division. No financial terms were disclosed. The Tubal-Cain facilities will be renamed VLS Marine Services.
3 min read · 01 July 2019
Dunes Point Capital LP has made an investment in Pennsauken, New Jersey-based Unified Door and Hardware Group LLC, a provider of doors and hardware for commercial, multi-family, healthcare, hospitality, government, education, public and industrial end market sectors. No financial terms were disclosed. Alvarez & Marsal Transaction Advisory Group LLC was financial adviser to DPC on the transaction while Mufson Howe Hunter & Co. LLC did likewise for Unified.
2 min read · 01 July 2019
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
