Flexpoint Ford backs MobilityWorks

Flexpoint Ford will make a “significant” investment in Richfield, Ohio-based MobilityWorks, a provider of wheelchair accessible vehicles. In addition to the funding, Michael Fazekas and Dominic Hood, principals of Flexpoint Ford, will join MobilityWorks’ board of directors. Piper Jaffray & Co. served as financial adviser to MobilityWorks on the transaction. PRESS RELEASE RICHFIELD, Ohio, Sept. 19, 2018 /PRNewswire/ — MobilityWorks, the nation’s leading provider of wheelchair accessible vehicles, today announced that it has partnered with Flexpoint Ford, a Chicago-based private equity firm focused on the healthcare and financial services industries, with Flexpoint making a significant equity investment in the Company. Following the investment by Flexpoint Ford, MobilityWorks will continue to operate as an independent company led by its current management team, who will retain a significant ownership stake. The new partnership will accelerate MobilityWorks’ vision of “Accessibility for All” with additional capital for the Company’s ongoing expansion strategy.
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Capital Partners invests in Minimizer

Capital Partners has made an investment in Blooming Prairie, Minnesota-based Minimizer, a provider of branded heavy-duty truck aftermarket accessories. No financial terms were disclosed. CIBC provided the debt funding for the transaction. PRESS RELEASE Capital Partners® is pleased to announce that Capital Partners Private Equity Income Fund III, LP completed an investment in Minimizer, LLC (“Minimizer”) on August 31, 2018 in partnership with its shareholders and management, who will continue to lead the company. Headquartered in Blooming Prairie, Minnesota, Minimizer is a leading manufacturer and distributor of branded heavy-duty truck aftermarket accessories. Its products include fenders, brackets, floor mats, seats and several other product lines in and on the truck. Minimizer prides itself on its ability to leverage numerous marketing activities to reach end users, grow brand awareness and drive sales growth through their extensive distributor network. “We are very excited about our new relationship with Capital Partners,” said
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Amazon, Samara buy India’s ‘More’ retail chain for $580 million: CNBC TV18

Amazon.com Inc (AMZN.O) and Indian private equity firm Samara Capital have bought Aditya Birla Group-owned ‘More’ retail chain for an enterprise value of 42 billion rupees ($580.35 million), CNBC TV18 reported on Wednesday, citing sources. Amazon’s latest acquisition adds more heat to the U.S. e-commerce giant’s battle with Walmart Inc (WMT.N) in the Indian market, after Walmart acquired Indian firm Flipkart for $16 billion earlier this year. Samara will buy 51 percent, while Amazon will have the rest, CNBC TV18 reported.
Pranab Barua, who heads the retail and apparel vertical of the Aditya Birla Group, is likely to head the operations of the entity, the report added. Aditya Birla Group confirmed the development to Reuters, but did not elaborate further.

Blackford Capital funds Hall Research

Blackford Capital has made an investment in Tustin, California-based Hall Research, a maker of A/V hardware and software. No financial terms were disclosed. PRESS RELEASE GRAND RAPIDS, Mich., Sept. 18, 2018 /PRNewswire/ — Blackford Capital, a national private equity firm headquartered in Grand Rapids, Mich., announced its investment in Tustin, California-based Hall Research (or “Hall”), a leading designer, engineer, and manufacturer of innovative A/V hardware and software to communicate between A/V sources and A/V displays. Its product line includes video over CATx solutions, matrix switchers, scaling products, and automation products. Hall is Blackford’s sixth investment in its National Growth Practice, which invests in companies throughout the U.S., and the thirteenth portfolio company currently invested in by Blackford Capital. Blackford completed the transaction with financing from Gun Lake Investments and Comerica Bank. “We are thrilled to be partnering with such an experienced and dedicated team at Blackford
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CVC to acquire UnitedLex

CVC Capital Partners will take a majority stake in UnitedLex, a provider of enterprise legal services for corporations, law firms and universities. No financial terms were disclosed. PRESS RELEASE OVERLAND PARK, Kan. & LONDON–(BUSINESS WIRE)–CVC Capital Partners (“CVC”) today announced that funds managed by CVC will make a majority interest investment in UnitedLex, the pioneer of enterprise legal services for the world’s leading corporations, law firms, and universities. The transaction is subject to customary regulatory approvals. The UnitedLex senior leadership team has fully reinvested in the transaction to further the company’s mission to lead the revolution of the practice of law and legal services delivery and to drive innovation in the legal marketplace. The investment represents one of the largest transactions to date with any legal services provider. It comes on the heels of UnitedLex closing deals worth $1.5 billion in total contract value over the last 18
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DPI takes majority stake in CMGP for about $100 mln

Development Partners International has acquired a majority stake in Morocco-based Compagnie Marocaine de Goutte à goutte et de Pompage, an irrigation systems and solutions business. The sellers include the Moamah family and Amethis Maghreb Fund I. The price of the transaction is about $100 million. PRESS RELEASE Development Partners International (‘DPI’), a leading Pan African private equity firm has made an investment through African Development Partners II (“ADP II”), in Moroccan irrigation systems and solutions business, Compagnie Marocaine de Goutte à goutte et de Pompage (“CMGP”). Under the agreement, ADP II has acquired a majority stake in CMGP from existing shareholders, the original founding family, the Moamah family, and Amethis Maghreb Fund I, for a total amount of approximately US$100mn. This will be the largest private equity transaction announced in Morocco in 2018. Established in 1995, CMGP is the market leader for irrigation in Morocco and offers a comprehensive
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Riverside backs Hiway

The Riverside Company has made an investment in New Zealand-based Hiway, a provider of specialist recycling solutions for road, rail and pavement stabilization, slip and slope reinforcement, soil mechanics, geotechnical design and contamination remediation. No financial terms were disclosed. PRESS RELEASE The Riverside Company, a global private equity firm, is partnering with the Hiway Group (Hiway), a New Zealand-based ground improvement specialist that has been delivering innovative and environmentally friendly solutions since 1986. Today, the company is New Zealand’s leading provider of specialist recycling solutions for road, rail and pavement stabilization, slip and slope reinforcement, soil mechanics, geotechnical design and contamination remediation. Hiway is leveraging this expertise with a fast-growing footprint in the larger Australian market. “It’s an exciting time for us, partnering with a company like Hiway,” said Riverside Partner Steven Spiteri. “They’ve continually delivered high-quality, long-lasting solutions for more than 30 years, supporting the maintenance and construction
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JAB sees acquisition opportunities in non-alcoholic beverages: Manager Magazin: Reuters

Privately owned investment firm JAB Holding Co, best known for stirring up the coffee industry with a string of deals, sees huge opportunities for acquisitions in the market for non-alcoholic beverages, one of its senior partners said in an interview with Germany’s Manager Magazin published on Thursday. Asked about JAB’s move this year to merge its Keurig Green Mountain coffee business with soda maker Dr Pepper Snapple Group, Peter Harf said: “If we stuck to traditional coffee products, we’d have a growth problem at some point.” He said further acquisitions would be the logical next step. “The global market for non-alcoholic beverages has a volume of $1.3 trillion. There are huge opportunities there.” Harf said the German billionaire Reimann family that invests its fortune via JAB had set clear rules to limit investments to fast-moving consumer goods and exclude banks, insurance companies, alcohol, tobacco and also
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OMERS Private Equity to invest in Paradigm Outcomes

OMERS Private Equity has agreed to acquire a majority stake in Walnut Creek, California-based Paradigm Outcomes, which manages catastrophic and complex cases for the workers’ compensation industry. No financial terms were disclosed. PRESS RELEASE WALNUT CREEK, Calif., Sept. 20, 2018 /PRNewswire/ — Paradigm Outcomes, the market leader in managing catastrophic and complex cases for the workers’ compensation industry, today announced that OMERS Private Equity has agreed to acquire a majority stake in the company. OMERS Private Equity is the private equity arm of OMERS, the defined benefit pension plan for municipal employees in Ontario, Canada. This recapitalization by OMERS represents a validation of Paradigm’s vision and a strong vote of confidence in the company’s ability to deliver value to injured workers and clients. As part of the transaction, existing investor Summit Partners will remain a significant shareholder in the business. Summit’s continued backing reflects continued conviction in both
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Harvest Properties, Independencia Asset Management close buy of Constitution Square

Harvest Properties and joint-venture partner Independencia Asset Management LLC said Sept. 20 that they have completed their acquisition and recap of a mixed-use property located in downtown Berkeley, California. Financial terms weren’t announced. The property, known as Constitution Square, is a three-story, 36,000 square foot building located at 2168 Shattuck Avenue. PRESS RELEASE EMERYVILLE, Calif.–(BUSINESS WIRE)–Harvest Properties and joint-venture partner, Independencia Asset Management LLC (“IAM”), have completed the acquisition and recapitalization of a mixed-use property located in the heart of Downtown Berkeley, California, for an undisclosed amount. Known as Constitution Square, the property is a three-story, 36,000 square foot building located at 2168 Shattuck Avenue directly adjacent to the Downtown Berkeley BART Station and its newly renovated BART Plaza.
Since 2015, Harvest and previous partner, The Roxborough Group, completed over $1.5 million in capital improvements, including lobby and elevator cab renovations, a roof replacement and upgrades to the
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AGIC Capital exits Gimatic Srl

AGIC Capital said Sept. 20 that it sold Gimatic Srl to Barnes Group Inc for 370 million euros ($433.47 million). Gimatic, of Roncadelle, Italy, supplies solutions for industrial automation and robotic applications in various end markets such as automotive, packaging, healthcare, food and beverage, and consumer electronics. PRESS RELEASE Munich and Hong Kong; 20 September 2018. AGIC Capital (“AGIC” or “the firm”), the leading European-Asian private equity firm focused on investments in the industrial and medical technology sectors, today announced the sale of Gimatic Srl (“the Company”) to Barnes Group Inc. (NYSE: B “Barnes Group”) for €370 million in cash subject to certain closing and post-closing adjustments.  The transaction is anticipated to close in the fourth quarter of 2018.   Gimatic, headquartered in Roncadelle, Italy, is a leading global supplier of mission-critical solutions for industrial automation and robotic applications in various end markets such as automotive, packaging, healthcare, food and beverage,
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Hidden Harbor buys Anchor Danly

Hidden Harbor Capital Partners said Sept. 19 that it acquired Anchor Danly and AWC Manufacturing. Financial terms weren’t announced. Anchor Danly, of Windsor, Ontario, provides die sets, ground and machined steel plates, metal fabrication and components used in the production of industrial tooling, including metal stamping and blow and injected molded tools and dies, as well as other large, highly complex fabricated products. PRESS RELEASE Fort Lauderdale, Florida, September 19, 2018 – Hidden Harbor Capital Partners (“Hidden Harbor”), an operationally focused private equity firm specializing in control investments in lower middle market companies, is pleased to announce the acquisition of Anchor Danly and AWC Manufacturing (the “Company”), the leading North American manufacturer and distributor of critical industrial tooling and related components and provider of metal fabrication services to tool and mold companies and other industrial OEMs. Founded in 1922, Anchor Danly is the leading provider of high quality die sets, ground and
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HPS to acquire Tålamod team

HPS Investment Partners said Sept. 19 that it reached an agreement with Tålamod Asset Management LLC to acquire its entire team. The deal includes Tålamod’s investment and non-investment staff, a spokeswoman said. Tålamod, a Dallas asset manager, will remain separate. PRESS RELEASE NEW YORK, Sept. 19, 2018 /PRNewswire/ — HPS Investment Partners (“HPS” or the “Firm”), a leading global credit investment manager with over $46 billion in assets under management, today announced that it has reached an agreement with Tålamod Asset Management, LLC (“Tålamod”), a Dallas-based asset management firm specializing in distressed credit. As part of the agreement, HPS will retain Tålamod’s investment team and other employees who will continue to be based in Dallas.
“We are continually focused on preserving our investors’ capital while identifying investments that deliver attractive risk adjusted returns,” said Scott Kapnick, Chief Executive Officer of HPS. “Tålamod’s expertise and proven track record are highly complementary to our existing, seasoned team of investment professionals.
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MagicMicro raises $30 mln

Broadline Capital is investing $20 million in newly issued stocks in MagicMicro Co Ltd, while Watermark Capital Pte Ltd is investing $10 million. MagicMico, of South Korea, is an electronics component company. PRESS RELEASE
SEOUL, SOUTH KOREA (PRWEB) SEPTEMBER 19, 2018
MagicMicro Co. Ltd. (KOSDAQ: 127160.KQ), a South Korean electronics component company, today announced that it has entered into an agreement led by U.S.-based Broadline Capital, a global alternative investment firm, under which Broadline Capital will invest $20 million in the form of newly issued stocks and Watermark Capital Pte Ltd., a Singapore-based private investment firm, will co-invest an additional $10 million.
Broadline was brought in by MagicMicro as an experienced technology investor to accelerate the Company’s strategic corporate transformation as it launches new initiatives involving the fast-growing fields of Photonic Integrated Circuits (PIC), Blockchain, Distributed Storage and Cloud Optimization Technologies.
Earlier this year, MagicMicro acquired
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Ares, Starwood Energy exit Hudson Transmission Partners

Ares Management LP and Starwood Energy Group Global LLC said Sept. 18 that they have sold their respective interests in Hudson Transmission Partners LLC. Financial terms weren’t announced. Argo Infrastructure Partners LLC was the buyer. PowerBridge LLC will operate and maintain the asset on behalf of Argo Infrastructure and other stakeholders. Hudson Transmission Partners is a joint venture formed solely to develop, construct, operate and maintain Hudson Transmission Project, a 660 MW high voltage direct current electric transmission system connecting the PSEG-North zone of the PJM Interconnection to the New York Independent System Operator Zone J power market via a subsea cable beneath the Hudson River. PRESS RELEASE LOS ANGELES & GREENWICH, Conn.–(BUSINESS WIRE)–Ares EIF, the power and infrastructure strategy at Ares Management, L.P. (NYSE: ARES), and Starwood Energy Group Global, LLC, a leading private investment firm focused on energy infrastructure, announced today that they have signed an
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Mason Wells acquires Buffalo Games alongside company CEO

Mason Wells closed the acquisition of Buffalo Games, which makes and markets jigsaw puzzles and board games. The firm, along with CEO Nagendra Raina and other members of Buffalo Games management, acquired the business from founders Paul and Eden Dedrick. Financial terms were not disclosed. Press Release Mason Wells announced today that it has closed the acquisition of Buffalo Games, LLC (“Buffalo Games” or the “Company”). Buffalo Games is a leading innovator, manufacturer, and marketer of jigsaw puzzles and board games for the retail and e-commerce channels. Mason Wells, along with Nagendra Raina, CEO of Buffalo Games, and other members of the management team, acquired the business from the founders, Paul and Eden Dedrick. Financial terms of the transaction were not disclosed. Founded in 1986, Buffalo Games is the largest manufacturer of jigsaw puzzles in the U.S. and a leading provider of party and board games for adults,
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Hidden Harbor acquires Anchor Danly and AWC Manufacturing

Hidden Harbor Capital Partners, acquired Anchor Danly and AWC Manufacturing, which make and distribute industrial tooling and metal fabrication services to tool and mold companies. Czech Asset Management provided financing for the deal, the terms of which were not disclosed. Press Release Hidden Harbor Capital Partners (“Hidden Harbor”), an operationally focused private equity firm specializing in control investments in lower middle market companies, is pleased to announce the acquisition of Anchor Danly and AWC Manufacturing (the “Company”), the leading North American manufacturer and distributor of critical industrial tooling and related components and provider of metal fabrication services to tool and mold companies and other industrial OEMs. Founded in 1922, Anchor Danly is the leading provider of high quality die sets, ground and machined steel plates, metal fabrication and components used in the production of industrial tooling, including metal stamping and blow and injected molded tools and dies, as
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Accel-KKR invests in TEAM Software

Accel-KKR has invested in TEAM Software. Financial terms weren’t announced. TEAM Software, of Omaha, provides cloud-based technology solutions for contractors in the janitorial and security industries. PRESS RELEASE OMAHA, Neb., Sept. 19, 2018 /PRNewswire/ — TEAM Software, a leading provider of cloud-based technology solutions for contractors in the janitorial and security industries, is excited to announce a strategic investment from Accel-KKR, a technology-focused private equity firm based in Menlo Park, California.
An established market leader, TEAM develops integrated financial, operations and workforce management solutions for contractors with distributed workforces of any size, with a focus on the janitorial and security industries. TEAM serves more than 400 customers and 400,000 end users across North America.
This transformational partnership combines TEAM’s 30 years of deep industry focus and award-winning holistic technology platform with Accel-KKR’s successful track record helping software companies grow. Accel-KKR will provide capital and resources to enhance TEAM’s innovation engine, strengthen its technology
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SunTx Capital invests in Anchor Partners

SunTx Capital Partners said Sept. 18 that it has invested in Anchor Partners. Financial terms weren’t announced. Anchor Partners, of Dallas, is a holding company for a family of enterprises focused on customized metal manufacturing solutions. PRESS RELEASE DALLAS, Sept. 18, 2018 /PRNewswire/ — SunTx Capital Partners (“SunTx”), a Dallas, TX-based private equity firm that invests in middle market manufacturing, distribution, and service companies, today announced an investment in Anchor Partners (“Anchor”), parent company to a family of companies providing customized metal manufacturing solutions serving the construction, defense, and transportation end markets. Financial terms of the investment were not disclosed.
In connection with SunTx’s investment, Anchor Partners has acquired a key provider of proprietary intermodal equipment storage and transportation systems to the U.S. government.  Following the completion of the acquisition, Anchor’s collective business units will operate under a larger, more efficient entity, with a markedly improved capital structure.  Anchor will be
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