Leeds invests in Prosci

Leeds Equity Partners LLC has made an undisclosed investment in Loveland, Colorado-based change management training firm Professional Science 360 Holdings Inc. Prosci was a portfolio company of Bow River Capital Partners. Harris Williams & Co advised Prosci and Bow River on the deal. PRESS RELEASE Richmond, Virginia, December 21, 2016 – Harris Williams & Co., a preeminent middle market investment bank focused on the advisory needs of clients worldwide for 25 years, announces that Leeds Equity Partners, LLC, (Leeds) invested in Professional Science 360 Holdings, Inc. (Prosci) in partnership with the existing management team. Harris Williams & Co. served as the exclusive financial advisor to Prosci and Bow River Capital Partners (Bow River). The transaction was led by Derek Lewis and John Klim of Harris Williams & Co.’s Business Services Group and Mike Williams and Kyle Quearry of the firm’s Richmond office. “Prosci is an industry-leading change management
Continue reading "Leeds invests in Prosci"

Exponent buys Leisure Pass

Exponent Private Equity has acquired Leisure Pass, a city attraction pass provider. The seller was Primary Capital. No financial terms were disclosed. Harris Williams & Co was the financial adviser to Leisure Pass on the deal. PRESS RELEASE LONDON–(BUSINESS WIRE)–Harris Williams & Co. Ltd, a preeminent middle market investment bank focused on the advisory needs of clients worldwide, announces the sale of The Leisure Pass Group Holdings Ltd. (Leisure Pass) to Exponent Private Equity (Exponent). Leisure Pass is a leading city attraction pass provider with operations in 19 major international cities across Europe and North America. Harris Williams & Co. served as the exclusive financial advisor to Leisure Pass, a portfolio company of Primary Capital (Primary). The transaction was led by Thierry Monjauze, Will Bain and Sylvain Noblet of Harris Williams & Co.’s London office, with the support of Michael Wilkins of the firm’s San Francisco office. “Since
Continue reading "Exponent buys Leisure Pass"

PNC hires two as SVP and promotes one to VP

PNC Bank NA has named Daniel Morihiro and Patrick Simpson as senior vice president; and Graham Holding as vice president to the senior secured financing team. Previously, Morihiro worked at BBVA Compass where he was senior vice president while Simpson was business development officer at Wells Fargo Capital Finance. Holding has been with PNC since 2007. PRESS RELEASE PITTSBURGH, Dec. 9, 2016 – PNC Bank, N.A. announced the addition of Daniel Morihiro, senior vice president; Patrick Simpson, senior vice president, and Graham Holding, vice president, to the senior secured financing team. All will be responsible for business development and loan origination sourced from middle market companies and private equity groups. Daniel Morihiro joins PNC’s senior secured financing team based in Pasadena, California. Morihiro is a 20-year veteran of banking and finance, most recently serving as senior vice president with BBVA Compass, originating cash flow and asset-based loans for middle
Continue reading "PNC hires two as SVP and promotes one to VP"

Graham Partners buys Mercer Foods

Graham Partners Inc has acquired Mercer Foods LLC, a freeze-dried food provider. No financial terms were disclosed. Harris Williams & Co advised Mercer Foods on the deal. Mercer Foods was backed by Frontenac Company and Lake Pacific Partners LLC. PRESS RELEASE RICHMOND, Va.–(BUSINESS WIRE)–Harris Williams & Co., a preeminent middle market investment bank focused on the advisory needs of clients worldwide for 25 years, announces the sale of Mercer Foods, LLC (Mercer Foods) to Graham Partners, Inc. (Graham Partners). Mercer Foods is a leading full service freeze-dried food provider. Harris Williams & Co. served as the exclusive advisor to Mercer Foods, a portfolio company of Frontenac Company (Frontenac) and Lake Pacific Partners, LLC (Lake Pacific). The transaction was led by Tim Alexander, Glenn Gurtcheff, Brant Cash and Andy Warczak from Harris Williams & Co.’s Consumer Group. “Mercer Foods is an industry leader with a compelling growth
Continue reading "Graham Partners buys Mercer Foods"

PNC Riverarch Capital invests in Five Star

PNC Riverarch Capital has acquired Five Star Food Service Inc, a provider of on-site food and beverage solutions. No financial terms were disclosed. HarbourVest Partners, Five Points Capital and Five Star management were major co-investors to PNC Riverarch on this transaction. Twin Brook Capital Partners, NXT Capital and MidCap FInancial Services provided the senior debt financing. PRESS RELEASE PNC Riverarch Capital announced today the acquisition of Five Star Food Service, Inc. (“Five Star”), a leading provider of on-site food and beverage solutions to employers and other commercial, institutional, and educational locations across the Southeastern United States. Founded in 1993, Five Star serves more than 5,500 customers across vending, micro market, office coffee, and dining operations. Through customized foodservice offerings tailored to a variety of environments, Five Star enables employers to better serve the needs of their workforce, enhancing employee satisfaction, productivity and retention. Five Star is headquartered in Chattanooga,
Continue reading "PNC Riverarch Capital invests in Five Star"

Harris Williams rehires Tucker as MD

Giles Tucker has rejoined Harris Williams & Co as a managing director. Tucker previously worked for Harris Williams for 13 years as a managing director. Prior to rejoining Harris Williams, Tucker co-founded Blue Edge Capital LLC. PRESS RELEASE Richmond, Virginia, October 5, 2016 – Harris Williams & Co., a preeminent middle market investment bank focused on the advisory needs of clients worldwide for 25 years, announces that Giles Tucker has joined the firm as a managing director in the Industrials Group. Tucker has more than 20 years of investment banking and management experience. Tucker was previously with Harris Williams & Co. for 13 years during which time he served as a managing director. Before returning to the firm, he co-founded investment management firm Blue Edge Capital, LLC. Tucker rejoining Harris Williams & Co. exemplifies the strength of the firm’s platform and the long-term relationships the firm has with its
Continue reading "Harris Williams rehires Tucker as MD"

PNC Bank finances Strattam-backed Doxim Solutions

PNC Bank Canada Branch completed a CA$17.1 million ($13 million) financing package for Doxim Solutions ULC, a portfolio company of Strattam Capital. Based in Markham, Ontario, Doxim provides SaaS customer engagement solutions for banks, credit unions and wealth management firms in North America. PRESS RELEASE PITTSBURGH, Oct. 3, 2016 – PNC Bank Canada Branch, the Canadian brach of PNC Bank, N.A., completed a CA$17.1 million financing package for Doxim Solutions ULC, a leading provider of SaaS customer engagement solutions for banks, credit unions and wealth management firms in North America. The PNC financing included a CA$1.9 million senior secured revolver with a CA$15.2 million senior secured term loan. The Company will use the funds to refinance existing debt and for ongoing working capital. Doxim, based in Markham, Ontario, is founder-led and a portfolio company of Strattam Capital, a private equity firm with offices
Continue reading "PNC Bank finances Strattam-backed Doxim Solutions"