Bregal Investments related stories
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Partner leaves Monitor Clipper, which has switched to deal-by-deal investingPartner Charles Yoon has left Monitor Clipper Partners, a Cambridge, Massachusetts-based buyout shop that suspended its most recent fundraising earlier this year to instead work on a deal-by-deal basis.
Bregal Investments ups Bregal Partners fund sizeBregal Partners’ debut fund now totals $600m.
- Yoon joins Bregal Partners
Charles Yoon has joined Bregal Partners as a Managing Partner. Yoon most recently was a Partner at Monitor Clipper Partners.
Bregal-backed American Seafoods taps Ares Capital for $800 mln recap loanAmerican Seafoods Group has tapped specialty finance company Ares Capital Corp for an $800 million first- and second-lien credit facility that backs a recapitalization of the Seattle-based fish harvesting company, in a deal that is notable for both its size and syndication strategy focused on alternative lenders, Reuters reported.
- Bregal, Pacific Seafood invest in American Seafood
Bregal Partners, as well as Pacific Seafood Group, has invested in American Seafoods via a recapitalization. Other investors include Frank Dulcich, CEO of Pacific Seafood Group; Chris Lischewski, CEO of Bumble Bee Foods; and Amy Humphreys, former CEO of Icicle Seafoods. Financial terms weren’t announced but American Seafoods said the recap reduced its debt. Bregal holds a significant but noncontrolling stake in American Seafood while the company’s management also has an interest. Ares Capital Corp.provided financing. Seattle-based American Seafoods harvester of wild-caught fish for human consumption.
Secondary buyers see pricing stabilizing in second half: surveyBuyers in the secondary market are betting pricing won’t change much in the second half of the year, which could indicate that some believe the market is at a peak.
Bregal Partners-backed Aqua Terra buys Advance HydrocarbonAqua Terra Water Management LP, a Canadian portfolio investment of U.S. private equity firm Bregal Partners, has bought Advance Hydrocarbon Corp, which operates a saltwater disposal and water-hauling business in Central Texas. No financial terms were not disclosed. The acquisition enhances the company's presence in unconventional plays in the United States and Canada, Bregal Partners said. Four Winds Energy Services Ltd is the Grande Prairie, Alberta-based subsidiary of Aqua Terra.
- Aqua Terra Water buys Advance Hydrocarbon
Aqua Terra Water Management LP, a portfolio company of Bregal Partners, has acquired Advance Hydrocarbon Corp. Financial terms weren’t announced. College Station, Texas-based Advance Hydrocarbon operates a saltwater disposal and water-hauling business in Central Texas. ATB Financial provided financing.
- Bregal Partners forms Blue Harvest Fisheries
Bregal Partners has acquired eight Virginia-based scallop vessels and related shore assets from the Peabody Corp. and formed Blue Harvest Fisheries LLC. Financial terms weren’t announced. TD Bank and Rockland Trust provided senior financing for the acquisition of Peabody’s assets and the formation of Blue Harvest.
- ShockDoctor buys McDavid
ShockDoctor, a portfolio company of Bregal Partners, has closed its merge with McDavid. Financial terms weren’t announced. Chicago-based McDavid makes, designs and markets sports medicine, sports protection and performance apparel for active people and athletes. William Blair & Co. advised ShockDoctor while Imperial Capital advised McDavid.