Oak Hill Capital related stories
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- Oak Hill Sells Primus in $900M Deal
Oak Hill Capital Partners will sell Primus International to Precision Castparts Corp. for $900 Million, the firm announced. Bellevue, Washington-based Primus is a manufacturer of aerospace components. Oak Hill Capital bought the company in 2006. The deal is expected to close during the third quarter.
- Oak Hill Buys Intermedia.net--UPDATED
Buyout shop Oak Hill Capital Partners will acquire cloud services company Intermedia.net Inc. Terms of the deal were not released. As part of the deal, Phil Koen, former chief executive of Savvis Inc., will join Intermedia as the new chairman and chief executive. Formed in 1995, Intermedia provides cloud-based business-class email services to small and medium-sized businesses. The transaction is expected to close during the second quarter. UPDATE: Aaron Hill, Jason Stack, Adam Chewning, Chris Fritz and Annie Wang of Stifel Nicolaus Wiesel provided financial advice to Intermedia.
- Hilltop, Oak Hill Capital to Invest $100 Mln in SWS for 34% Stake
Hilltop Holdings and Oak Hill Capital have agreed to each invest $50 million via a loan to SWS Group. Hilltop and Oak Hill will each end up owning about 17% of SWS Group, a broker dealer, according to a statement said Monday. Stephens Inc. acted as financial advisor to each of Hilltop and Oak Hill Capital, while Sandler O'Neill + Partners was financial advisor to SWS Group.
- SWS Inks $100M from Oak Hill, Hilltop
Publicly traded SWS Group Inc. has raised $100 million in new financing from Hilltop Holdings Inc. and Oak Hill Capital Partners. Under the terms of the deal, the two firms will each contribute $50 million in debt financing. Simultaneously with the loan, SWS Group will issue a warrant to each of Hilltop and Oak Hill Capital. Upon exercise, Hilltop Holdings and Oak Hill Capital will each own approximately 17% of the Company. Dallas-based SWS Group provides investment and financial services through its subsidiaries.
- Physician Oncology Merges with Vantage Oncology
Healthcare companies Physician Oncology Services and Vantage Oncology plan to merge. Financial terms of the deal were not released. The combined company will be known as Vantage Oncology, and is backed by private equity firm Oak Hill Capital Partners. Physician Oncology Services has been a portfolio company of Oak Hill Capital since January 2007.
- Southern Air Adds Robert Crandall to Board
Air cargo carrier Southern Air Holdings, which is backed by Oak Hill Capital, has named Robert Crandall to its board. Crandall is a former chairman and chief executive of AMR Corporation and American Airlines. Crandall is currently chairman of Celestica and is a director at Aircell. Southern Air is based in Norwalk, Conn.
- Oak Hill’s Dave & Buster’s Adds New Exec
Oak Hill Capital Partners added Dolf Berle to its Dave & Buster’s restaurant chain asset as its president and COO, the investment firm announced. Oak Hill Capital initially invested in the chain in May 2010. Previously, Berle had served as executive VP of hospitality for ClubCorp USA.
- Oak Hill To Merge AccentCare With Guardian Home Care
Oak Hill Capital Partners, which recently closed its acquisition of AccentCare, said it will merge the home healthcare firm with homecare and hospice service Guardian Home Care Holdings. Financial terms of the deal were not released. AccentCare is based in Irvine, Calif. Oak Hill Capital Partners has more than $8.2 billion under management.