Warburg Pincus and Kayne Anderson to provide equity to WildFire


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Warburg Pincus and Kayne Anderson have agreed to provide WildFire Energy with an equity commitment exceeding $1 billion. Based in Houston, WildFire is an oil and gas exploitation and production company.

PRESS RELEASE

HOUSTON, July 18, 2019 /PRNewswire/ — WildFire Energy I LLC (“WildFire”, or the “Company”), an oil and gas exploitation and production company headquartered in Houston, Texas, today announced that the Company has signed a line of equity arrangement exceeding $1 billion from management, funds affiliated with Warburg Pincus LLC (“Warburg Pincus”), a leading global private equity firm focused on growth investing, and the Kayne Private Energy Income Funds (“Kayne Anderson”), an investment platform dedicated to partnering with high-caliber management teams to acquire and develop large producing oil and gas assets in North America.

WildFire is focused on the acquisition and development of oil & gas assets with significant existing production and intends to pursue onshore acquire-and-exploit opportunities

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Saugatuck invests in Lunada Bay


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Saugatuck Capital Company has made an investment in Harbor City, California-based Lunada Bay, a maker of handcrafted glass, ceramic and concrete tiles for the remodeling and architectural and design markets. No financial terms were disclosed.

PRESS RELEASE

Shelton, CT, July 18, 2019 – Saugatuck Capital Company (“Saugatuck”) is pleased to announce its investment in Lunada Bay Corp. (“Lunada Bay” or the “Company”) which does business under the Lunada Bay Tile, Murrine Mosaics and Accents in Tile brand names. Headquartered in Harbor City, California, Lunada Bay creates handcrafted glass, ceramic and concrete tiles for the remodeling and architectural and design markets. Saugatuck provided a majority of the equity capital through its investment vehicle Saugatuck Capital Company X, LLC which now owns Lunada Bay alongside current management. Graycliff Partners provided the debt financing along with senior lender Webster Bank.

About Saugatuck Capital Company
Founded in 1982, Saugatuck Capital Company is a long-established

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Gauge Capital recaps Schlesinger


This post is by Iris Dorbian from PE Hub Blog: Buyout Deals


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Gauge Capital has recapitalized Iselin, New Jersey-based Schlesinger Global LLC, a provider of market research solutions. No financial terms were disclosed for the transaction that was done in partnership with Schlesinger’s owners and management team.

PRESS RELEASE

Southlake, TX – Gauge Capital announced that it has partnered with the owners and management team of Schlesinger Global, LLC (“Schlesinger” or the “Company”) to recapitalize the Company. Founded in 1966 and headquartered in ‎Iselin, New Jersey, Schlesinger provides both qualitative and quantitative market research solutions to customers in North America and Europe. Schlesinger’s qualitative offering includes traditional in-person focus groups and, more recently, remote panels utilizing video conferencing technology which allow for faster panel selection and broader participation all while providing a lower cost to the customer. In 2013, the Company launched its quantitative offering that includes survey programming, tracking, and reporting to maximize efficient execution and data reliability.

Through its combined

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Investcorp funds Contentserv


This post is by Iris Dorbian from PE Hub Blog: Buyout Deals


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Contentserv, a Swiss product experience platform, has secured an undisclosed amount of funding. The investor was Investcorp Technology Partners.

PRESS RELEASE

Baar, Switzerland — July 18, 2019 — Contentserv, the global Product Experience Platform (PXP) leader, today announces that Investcorp Technology Partners, a leading European middle-market technology investor, has heavily invested in the aspiring software company. Contentserv enables brands and retailers to deliver a rich, relevant and emotional product experience to its customers.

Investcorp Technology Partners is a market leader in investing in medium-sized technology companies in the areas of software, data/analytics, cybersecurity, and Fintech/payment transactions. As one of the most recognized global tech investors, they support profitable companies with clear and identifiable growth drivers who are also leaders in their business sectors. As a pioneer in the European private equity market, Investcorp has been investing in Europe since 1985 and with total Assets under Management (AUM) of $26.

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General Atlantic nears deal to acquire Morphe: Reuters


This post is by Iris Dorbian from PE Hub Blog: Buyout Deals


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General Atlantic is closing to inking a deal to acquire beauty brand Morphe that will value the company at more than $2 billion, reported Reuters. All of Morphe’s existing shareholders will continue to hold stakes in the company. The transaction will reportedly close in the coming weeks.

Kohlberg to acquire EN Engineering from General Atlantic


This post is by Iris Dorbian from PE Hub Blog: Buyout Deals


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Kohlberg & Company has agreed to acquire Warrenville, Illinois-based EN Engineering, a utility services firm. The seller was General Atlantic. No financial terms were disclosed.

PRESS RELEASE

Warrenville, IL (July 18, 2019) – EN Engineering (or the “Company”), a leading utility services firm, and Kohlberg & Company, LLC (“Kohlberg”), a private equity firm headquartered in New York, today announced that they have signed a definitive agreement whereby Kohlberg will acquire a majority stake in EN Engineering from General Atlantic.

Headquartered in Warrenville, Illinois, EN Engineering provides comprehensive design, engineering, and consulting services to gas and electric utilities as well as other energy and industrial end-markets. With over 1,500 professionals in 30 offices nationwide, EN Engineering offers customers an unparalleled spectrum of services with expertise in gas distribution, electric power generation and distribution, natural gas and oil pipeline infrastructure, automation systems, integrity management, and industrial and refinery solutions.

“The EN

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Montage and Delvern invest in Advantco


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Montage Partners and Delvern Capital has made an investment in Raleigh, North Carolina-based Advantco International LLC, a provider of software adapters. No financial terms were disclosed.

PRESS RELEASE

SCOTTSDALE, Ariz. and RALEIGH, N.C., July 18, 2019 /PRNewswire/ — Montage Partners, a people-first private equity firm based in Scottsdale, Arizona, and Delvern Capital announced today an investment in Advantco International LLC. Montage Partners is supporting incoming President, Nick Persavich, of Delvern Capital with equity to nurture growth initiatives and acquire a stake in Advantco from founder and CEO Michael Le.

Based in Raleigh, North Carolina, Advantco serves leading global companies with best-in-class software adapters that automate the integration of various enterprise applications with ERP systems, including SAP and Oracle. Additionally, Advantco provides offshore software development services from the company’s offices in Vietnam and provides on-site enterprise software implementation and integration services to prominent companies across the U.S.

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Providence Group buys Webster Electric


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Providence Group LC has acquired Meridian, Mississippi-based Webster Electric Co Inc, an electrical contractor. No financial terms were disclosed. Generational Equity advised Webster Electric on the transaction.

PRESS RELEASE

DALLAS–(BUSINESS WIRE)–Generational Equity, a leading mergers and acquisitions advisor for privately held businesses, is pleased to announce the sale of its client, Webster Electric Co Inc. to Providence Group, LP, a NY-based Private Equity Group. The acquisition closed June 28, 2019 and details were not disclosed.

Webster Electric Co Inc., located in Meridian, Mississippi, is a full service electrical contractor serving industrial, commercial, educational and institutional clients. Since the business opened in March of 2000, it has grown steadily and customers include some of the largest entities in the states of Mississippi and Alabama. The Company is the largest airport lighting contractor in the state of Mississippi and has completed several Intelligent Transportation Systems (I.T.S.) and

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Arsenal Capital to buy Revolution


This post is by Luisa Beltran from PE Hub Blog: Buyout Deals


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Arsenal Capital Partners said July 18 that it agreed to buy Revolution. Financial terms weren’t announced. Revolution, of Little Rock, Arkansas, provides sustainable, closed-loop plastic products serving the agricultural, consumer, and industrial markets.

PRESS RELEASE
LITTLE ROCK ARKANSAS, and NEW YORK, July 18, 2019 – Arsenal Capital Partners (“Arsenal”), a specialized private equity firm investing in specialty industrials and healthcare companies, announced today that it has entered into a definitive agreement to acquire a controlling interest in Revolution (or the “Company”), a leading provider of sustainable, closed-loop plastic products serving the agricultural, consumer, and industrial markets. Terms of the transaction were not disclosed, and it is expected to be completed before the end of the month.
Headquartered in Little Rock, Arkansas, Revolution is driven by a single mission: to create sustainable plastic solutions that help preserve the environment for future generations. Through its innovative closed-loop system, Revolution markets a wide

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Alpine to sell Perennial EdTech to Frontline Education


This post is by Luisa Beltran from PE Hub Blog: Buyout Deals


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Frontline Education said July 18 that it agreed to buy Perennial EdTech from Alpine Investors. Financial terms weren’t announced. Perennial EdTEch is a group of education software companies.

PRESS RELEASE
Frontline Education Signs Definitive Agreement to Acquire Perennial EdTech
Acquisition to Include Perennial Portfolio Companies – Escape Technology, Digital Schools, eDoctrina, Healthmaster and Software Answers
Malvern, PA – July 18, 2019 – Frontline Education, a leading provider of school administration software for the K-12 education community, today announced that the company has signed a definitive agreement to acquire Perennial EdTech. The acquisition is subject to certain closing conditions and is expected to close in the coming weeks.
“With this agreement, we will continue our commitment to providing school administration software that empowers the K-12 community,” said Mark Gruzin, CEO of Frontline Education. “Bringing these critical technologies together further supports education leaders in making data-driven decisions to foster continued educator

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Alpine to sell Perennial EdTech to Frontline Education


This post is by Luisa Beltran from PE Hub Blog: Buyout Deals


Click here to view on the original site: Original Post




Frontline Education said July 18 that it agreed to buy Perennial EdTech from Alpine Investors. Financial terms weren’t announced. Perennial EdTEch is a group of education software companies.

PRESS RELEASE
Frontline Education Signs Definitive Agreement to Acquire Perennial EdTech
Acquisition to Include Perennial Portfolio Companies – Escape Technology, Digital Schools, eDoctrina, Healthmaster and Software Answers
Malvern, PA – July 18, 2019 – Frontline Education, a leading provider of school administration software for the K-12 education community, today announced that the company has signed a definitive agreement to acquire Perennial EdTech. The acquisition is subject to certain closing conditions and is expected to close in the coming weeks.
“With this agreement, we will continue our commitment to providing school administration software that empowers the K-12 community,” said Mark Gruzin, CEO of Frontline Education. “Bringing these critical technologies together further supports education leaders in making data-driven decisions to foster continued educator

Continue reading “Alpine to sell Perennial EdTech to Frontline Education”

AE Industrial to buy Columbia Helicopters


This post is by Luisa Beltran from PE Hub Blog: Buyout Deals


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AE Industrial Partners LP said July 18 that it agreed to buy Columbia Helicopters. Financial terms weren’t announced. Nancy Lematta, the majority owner, is retaining a stake. Columbia, of Aurora, Oregon, provides heavy-lift rotorcraft services with manufacturing and MRO capabilities.

PRESS RELEASE

AE Industrial Partners to Acquire Columbia Helicopters
Boca Raton, FL– July 18, 2019 – AE Industrial Partners, LP (“AEI”), a private equity firm specializing in Aerospace, Defense & Government Services, Power Generation, and Specialty Industrial markets, announced today that it has signed a definitive agreement to acquire Columbia Helicopters (“Columbia” or the “Company”), a leading provider of heavy-lift rotorcraft services with extensive manufacturing and MRO capabilities. Columbia’s CEO Steve Bandy will remain in his role, while majority owner Nancy Lematta will retain a significant ownership position in the Company. Terms of the transaction, which is expected to close later this year, are not being disclosed.
Columbia Helicopters

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GE to sell 80 pct of solar business to BlackRock


This post is by Luisa Beltran from PE Hub Blog: Buyout Deals


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General Electric Co said July 17 that agreed to sell 80 percent of its solar energy business to BlackRock Real Assets. GE will own 20 percent of Distributed Solar Development, which focuses on solar and storage solutions for the commercial industrial and public sectors. Financial terms weren’t announced.

PRESS RELEASE

GE SOLAR & BLACKROCK REAL ASSETS PARTNER TO ACCELERATE SOLAR SOLUTIONS

Jul 17, 2019

Create new company Distributed Solar Development, a GE Renewable Energy Venture

Schenectady, NY July 17, 2019 – GE Solar and BlackRock today announced the creation of a new business, Distributed Solar Development, a GE Renewable Energy Venture (DSD). The company, which will be 80 percent owned by a fund managed by BlackRock Real Assets and 20 percent owned by GE Renewable Energy, will focus on solar and storage solutions for the commercial industrial and public sectors. The new business has been incubated in GE since

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Arcline Investment to buy Baker Hughes’ Reciprocating Compression division


This post is by Luisa Beltran from PE Hub Blog: Buyout Deals


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Arcline Investment Management said July 18 that it agreed to buy the Reciprocating Compression division of Baker Hughes, a GE company. Financial terms weren’t announced. The Reciprocating Compression division makes and services compression and engine systems that are used in a variety of applications, including the transmission of natural gas across domestic and international pipelines.

PRESS RELEASE

ARCLINE INVESTMENT MANAGEMENT TO ACQUIRE THE RECIPROCATING COMPRESSION DIVISION OF BAKER HUGHES, A GE COMPANY
Houston, July 18, 2019 – Arcline Investment Management (“Arcline”), a growth oriented private equity fund with $1.5 billion of capital under management, today announced that it has signed a definitive agreement to acquire the Reciprocating Compression division of Baker Hughes, a GE company (NYSE: BHGE).
The Reciprocating Compression division (“the Company”) manufactures and services mission-critical compression and engine systems that are used in a variety of applications, including the transmission of natural gas across domestic and

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Oaktree provides $200 mln to WHP Global


This post is by Iris Dorbian from PE Hub Blog: Buyout Deals


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WHP Global, a newly launched brand management platform, has secured $200 million in funding. The investor was Oaktree Capital Management LP.

PRESS RELEASE

New York, NY (July 17, 2019) – WHP Global (“WHP” or the “Company”) announced its launch today as a new brand management platform led by Chairman & CEO Yehuda Shmidman and backed by a $200 million equity commitment from funds managed by Oaktree Capital Management, L.P. (“Oaktree”).

WHP was founded to acquire and manage multiple global consumer brands, leveraging a shared platform to unlock competitive advantages at scale and fuel growth for each distinctive brand in its portfolio. The Company plans to deploy up to $1 billion in capital over the next five years.

The Company also today announced its first acquisition with the purchase of global fashion brand Anne Klein from Premier Brands Group. An iconic legacy women’s fashion brand founded in 1968, Anne

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OpenGate Capital buys Duraco


This post is by Iris Dorbian from PE Hub Blog: Buyout Deals


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OpenGate Capital Management has acquired Forest Park, Illinois-based Essentra Specialty Tapes, a B2B manufacturer of specialty tapes. No financial terms were disclosed. Essentra Specialty Tapes will operate under the name Duraco Specialty Tapes LLC.

PRESS RELEASE

FOREST PARK, ILL. (PRWEB) JULY 16, 2019
Essentra Specialty Tapes, formerly a wholly owned subsidiary of Essentra PLC, has been acquired by certain private equity funds managed by OpenGate Capital Management, LLC. Essentra Specialty Tapes will operate under the name Duraco Specialty Tapes LLC (“Duraco”).

Duraco already has a strong brand equity established within the market for over 70 years. This partnership will allow Duraco to unlock its’ full potential, continue to support a robust growth strategy, and provide further access to achieve the core values of the company.

The acquisition of Duraco by OpenGate Capital will enable the business to reach and serve new markets, enhance internal technologies and platforms while enhancing

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10 Point Capital invests in Slim Chickens


This post is by Iris Dorbian from PE Hub Blog: Buyout Deals


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Slim Chickens, a fast casual restaurant franchise, has secured an investment from 10 Point Capital. No financial terms were disclosed.

PRESS RELEASE

FAYETTEVILLE, Ark., July 17, 2019 /PRNewswire/ — Slim Chickens, the fast casual franchise in the “better chicken” restaurant segment, announced today an equity investment from 10 Point Capital, an Atlanta-based private equity firm. The investment will continue to fuel Slim Chickens expansion with a goal of opening 600 new locations over the next 10 years. Slim Chickens currently has over 80 locations across 14 states, the United Kingdom and Kuwait with more than 350 locations under development agreements to date. Terms of the deal were not disclosed.

“Greg Smart and I started Slim Chickens over 16 years ago with a mission to bring Southern hospitality and fresh, high-quality chicken to a fast-casual setting,” said Tom Gordon, Co-Founder and CEO of Slim Chickens. “Our growth with new

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HGGC to sell minority of Nutraceutical International


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HGGC said July 17 that it has agreed to sell a minority stake in Nutraceutical International Corp to Snapdragon Capital Partners LLC and The Maze Group LLC. Financial terms weren’t announced. Nutraceutical, of Park City, Utah, makes, markets and distributes branded natural products, including supplements, personal care, and other natural products sold primarily through domestic health and natural food stores, as well as specialty stores and online.

PRESS RELEASE

Snapdragon Capital Partners and The Maze Group Join Forces with HGGC by Making Strategic Growth Investment in Nutraceutical
New Equity Partnership to Drive Digital Transformation
PALO ALTO, Calif.—July 17, 2019—HGGC, a leading middle-market private equity firm, today announced it has agreed to the sale of a minority stake in Nutraceutical International Corporation—a vertically integrated manufacturer, marketer, and distributor of branded nutritional supplements, personal care, and other natural products—to Snapdragon Capital Partners LLC and The Maze Group LLC. This minority investment

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