Alleghany Capital acquires CID Performance Tooling


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Alleghany Capital has acquired a majority stake in Saco, Maine-based CID Performance Tooling, a maker of high-performance solid carbide end mills. No financial terms were disclosed. Also, Alleghany Capital has formed Precision Cutting Technologies, a new holding company for its subsidiaries in the machine tool and consumable cutting tool sectors.

PRESS RELEASE

NEW YORK, June 24, 2019 /PRNewswire/ — Alleghany Capital Corporation (“Alleghany Capital”), a wholly-owned subsidiary of Alleghany Corporation, today announced the formation of Precision Cutting Technologies, Inc. (“Precision Cutting Technologies”) and the acquisition by Precision Cutting Technologies of a majority interest in Coastal Industrial Distributors, LLC, dba CID Performance Tooling (“CID”). Headquartered in Saco, Maine, CID is a leading manufacturer of high-performance solid carbide end mills. Precision Cutting Technologies is Alleghany Capital’s new holding company for its subsidiaries in the machine tool and consumable cutting tool sectors, which include Bourn & Koch, Inc. (“Bourn & Koch”),

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Evergreen funds WorkForce Software


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Evergreen Coast Capital Corp, the tech-focused private equity arm of Elliott Management Corporation, has made a “significant” investment in WorkForce Software, a provider of cloud-based workforce management solutions. No financial terms were disclosed. As a result of the transaction, Evergreen will become equal partners with WorkForce Software’s majority investor Insight Partners.

PRESS RELEASE

LIVONIA, Mich., June 24, 2019 (GLOBE NEWSWIRE) — WorkForce Software®, a leading global provider of cloud-based workforce management solutions, announced today a significant equity investment from affiliates of Evergreen Coast Capital Corp. (“Evergreen”), the technology-focused private equity arm of Elliott Management Corporation. With the investment, Evergreen will become equal partners with Insight Partners, which has been the majority investor in WorkForce Software since 2014. Terms of the transaction were not disclosed.

Founded in 1999, WorkForce Software is making work easy for the connected workforce around the globe. The company’s cloud-based solutions enable enterprise

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Palladin acquires 13 Pure Barre studios


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


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Palladin Consumer Retail Partners has acquired 13 Pure Barre studios. No financial terms were disclosed. Backed by Xponential Fitness, Pure Barre is a fitness franchise.

PRESS RELEASE

BOSTON and NEW YORK, June 24, 2019 /PRNewswire/ — Palladin Consumer Retail Partners, LLC (“Palladin” or “PCRP”) (pcrp.com) announces the acquisition of 13 Pure Barre studios and a management agreement for one studio under PB Metro, LLC (“PB Metro” or the “Company”) in partnership with the franchisees of the Pure Barre studios (purebarre.com) and Pure Barre Franchising, LLC which is owned by Xponential Fitness, LLC (“Xponential”) the franchisor.

PB Metro has been formed to offer Pure Barre clientele in the New York metropolitan market the ability to utilize multiple locations in the region, to grow the footprint and presence of the brand, to provide associates with additional career opportunities and to continue sharing the Pure Barre workout and sense of community.

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TPG to invest in Harlem Capital Partners


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


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TPG has agree to acquire make an investment in Harlem Capital Partners, an early-stage venture firm. No financial terms were disclosed.

PRESS RELEASE

San Francisco and Fort Worth, Texas – June 24, 2019 – TPG, a global alternative asset firm, today announced it has signed a definitive agreement to make a non-controlling strategic investment in Harlem Capital Partners (HCP), an early-stage venture capital firm. In connection with its investment in the company, TPG will commit capital to HCP Fund I. The investment will provide HCP access to resources to help scale its business, enhance operating capabilities, and support its portfolio. Terms of the investment were not disclosed.

Led by Managing Partners Henri Pierre-Jacques and Jarrid Tingle, HCP is committed to backing minority and women founders across industries in the United States. The firm is on a mission to change the face of entrepreneurship by investing in 1,000 diverse founders over

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Aurora acquires Petroleum Service Corporation


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


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Aurora Capital Partners has acquired Petroleum Service Corporation, a provider of product handling and site logistics services for the petrochemical, refining, midstream and marine transportation sectors. No financial terms were disclosed. Rothschild & Co. served as financial adviser to SGS and PSC, while Piper Jaffray & Co. did likewise for Aurora.

PRESS RELEASE

LOS ANGELES, June 24, 2019 /PRNewswire/ — Aurora Capital Partners (“Aurora”), a leading middle-market private equity firm, today announced the acquisition of Petroleum Service Corporation (“PSC” or the “Company”). PSC is the North American leader in product handling and site logistics services for the petrochemical, refining, midstream and marine transportation end markets. PSC is a subsidiary of SGS (SGSN:SW), the world’s largest inspection, verification, testing and certification company.

“PSC is an excellent fit with Aurora’s investment strategy. Over the past 65+ years, PSC has become the established leader in product handling and site logistics across a

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L Catterton to buy Del Frisco’s for about $650 mln


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


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L Catterton has agreed to acquire Irving, Texas-based Del Frisco’s Restaurant Group, a restaurant operator, for about $650 million. Piper Jaffray & Co served as financial adviser to Del Frisco’s and its board of directors with Kirkland & Ellis LLP providing legal counsel. And, Credit Suisse served as financial adviser to L Catterton while Gibson Dunn LLP served as legal adviser.

PRESS RELEASE

IRVING, Texas, June 24, 2019 — Del Frisco’s Restaurant Group, Inc. (the “Company” or “Del Frisco’s”) (NASDAQ: DFRG) and L Catterton, the largest and most global consumer-focused private equity firm, today announced that they have entered into a definitive agreement under which affiliates of L Catterton (the “Purchaser”) will acquire the Company in an all cash transaction valued at approximately $650 million. Del Frisco’s stockholders will receive $8.00 per share, representing a 22% percent premium to the closing share price on December 19, 2018, the last

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Equistone Partners to buy Vulcain Ingénierie


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


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Equistone Partners Europe said June 24 that it is buying Vulcain Ingénierie. NiXEN Partners, Initiative & Finance are the sellers. Financial terms weren’t announced. Vulcain Ingénierie is a French engineering consultancy group serving the energy and pharmaceuticals sectors.

PRESS RELEASE

Equistone Partners Europe enters into exclusive negotiations with NiXEN Partners and Initiative & Finance for the acquisition of Vulcain Ingénierie

Paris, 24 June 2019 – Equistone Partners Europe (“Equistone”), one of Europe’s leading investors in mid-market buyouts, today announces it has reached an exclusive negotiation agreement with NiXEN Partners, Initiative & Finance and the management team for the acquisition of Vulcain Ingénierie (“the Group”). The completion of the deal remains subject to the approval of employees’ representatives and relevant authorities.

Founded in 1998, Vulcain Ingénierie is a leading French engineering consultancy group serving the energy and pharmaceuticals sectors. Thanks to its specialist positioning, Vulcain Ingénierie has grown into a

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Congruex buys Terra Technologies


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


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Congruex said June 24 that it acquired Terra Technologies LLC. Financial terms weren’t announced. Terra, of McHenry, Illinois, is a specialized civil engineering and construction firm. Congruex is backed by Crestview Partners.

PRESS RELEASE

CRESTVIEW PARTNERS-BACKED CONGRUEX ACQUIRES TERRA TECHNOLOGIES, LLC

— Terra Technologies is Congruex’s fifth acquisition —

— Further positions Congruex as one of the largest end-to-end telecom engineering and construction platforms in the United States —

Boulder, CO and McHenry, IL, June 24, 2019 – Congruex, a national end-to-end provider of design, engineering, construction, construction management and maintenance services to broadband service providers, today announced the acquisition of Terra Technologies, LLC. Financial terms of the transaction were not disclosed.

Founded in 2011, privately-held Terra Technologies is headquartered in McHenry, IL. The company is a specialized civil engineering and construction firm with a deep expertise in legal mandate projects involving the mandatory relocation of existing telecommunication lines in

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Main Capital invests in Onventis


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


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Main Capital said June 24 that it acquired a stake in Onventis. Financial terms weren’t announced. Onventis provides a cloud platform for e-procurement.

PRESS RELEASE
Main Capital acquires a majority stake in Onventis
Düsseldorf/Stuttgart, 24th of June 2019
Main Capital, in conjunction with the Onventis management team, has acquired a strategic stake in Onventis, a cloud-based platform provider for e-procurement. Through its rich set of functionalities, Onventis’s software offers both buyers and suppliers a user-friendly and fully-integrated suite to connect, automate and control the entire chain from sourcing to payment.
Founded in 2000 with headquarters in Stuttgart, Onventis has quickly grown into a leading, open procurement solution for the German Mittelstand. The Company’s offering steers procurement processes of direct and indirect materials in strategic and operational procurement. The Onventis procurement network channels more than Euro 5.5 billion purchasing volume per year for approx. 350,000 users and 35,000 suppliers globally.

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Align Capital buys majority of E Source


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


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Align Capital Partners said June 24 that it acquired a majority of E Source. Financial terms weren’t announced. E Source, of Boulder, Colorado, provides market intelligence services for utility employees and senior leaders across North America.

PRESS RELEASE

Align Capital Partners to Help Power E Source

CLEVELAND and DALLAS, June 24, 2019 – Align Capital Partners (“ACP”) is pleased to announce the majority acquisition of E Source (the “Company”), a leading provider of customer-focused research, data, and consulting for utilities and their partners.  Headquartered in Boulder, Colorado, E Source provides subscription-based market intelligence services for thousands of utility employees and senior leaders across North America.  The Company’s unique insights into key areas of demand side management, customer experience, and marketing, help utilities adapt to ever-changing business and market conditions. Financial terms of the transaction were not disclosed.

 

“ACP’s investment is a significant milestone for our company, our

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Falfurrias to buy C.F. Sauer’s food business


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


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Falfurrias Capital Partners has agreed to acquire Richmond, Virginia-based C.F. Sauer‘s food business. No financial terms were disclosed. RBC Capital Markets is serving as financial adviser to C.F. Sauer on the deal.

PRESS RELEASE

RICHMOND, Va., and CHARLOTTE, N.C. (June 21, 2019) – Leading packaged food manufacturer The C.F. Sauer Company and Charlotte-based private equity firm Falfurrias Capital Partners today announced they have signed a definitive agreement under which Falfurrias will acquire the company’s food business.
Founded in 1887 and based in Richmond, Virginia, The C.F. Sauer Company manufactures a broad line of flavor-enhancing condiments, spices, seasonings and extracts, including well-known brands Duke’s Mayonnaise, The Spice Hunter, Sauer’s, Gold Medal, and BAMA. The company’s regionally prominent brands and private-label products are sold through the retail and foodservice channels.

Conrad F. Sauer IV, the fourth generation of his family to lead the company, will

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Pamlico to invest in Digitech


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


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Pamlico has agreed to make an investment in Chappaqua, New York-based Digitech Computer LLC, a provider of revenue cycle management and technology solutions for emergency medical services transport providers. No financial terms were disclosed.

PRESS RELEASE

CHAPPAQUA, NY – June 20, 2019 – Pamlico Capital (“Pamlico”) announced that it has entered into an agreement to make a strategic growth investment in Digitech Computer LLC (“Digitech”), a leading provider of Revenue Cycle Management (“RCM”) and technology solutions for Emergency Medical Services (“EMS”) transport providers. Founder and CEO Mark Schiowitz and the Digitech management team will maintain a significant ownership position and continue to manage the growth of the Company with support from Pamlico. Further terms of the transaction were not disclosed.

“This marks a new chapter for Digitech, and the next step in evolving the industry’s foremost billing platform dedicated solely to EMS,” said Mark Schiowitz, CEO of Digitech. “Our

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Aquiline-backed ClearCourse Partnership adds on intelligentgolf


This post is by Chris Witkowsky from PE Hub Blog: Buyout Deals


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Aquiline Capital Partners-backed ClearCourse Partnership acquired intelligentgolf, which provides golf club and competition management software. The deal represents the tenth add-on since ClearCourse’s foundation in 2018. ClearCourse is a group of companies that provide software and services to the membership, events and bookings and sports and leisure sectors.

Press Release

ClearCourse Partnership LLP (“ClearCourse” or “the Partnership”), a group of innovative technology companies providing software, services and digital capabilities to the membership, events & bookings and sports & leisure sectors, today announces its acquisition of intelligentgolf (“the company”), a leading web-based provider of golf club and competition management software. The deal represents an expansion of ClearCourse’s offering into the sport & leisure industry and is the tenth company to join the Partnership since its foundation in October 2018.

intelligentgolf was founded in 2000 with the aim of making playing in golf competitions at club level easier and more

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Aquiline-backed ClearCourse Partnership adds on intelligentgolf


This post is by Chris Witkowsky from PE Hub Blog: Buyout Deals


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Aquiline Capital Partners-backed ClearCourse Partnership acquired intelligentgolf, which provides golf club and competition management software. The deal represents the tenth add-on since ClearCourse’s foundation in 2018. ClearCourse is a group of companies that provide software and services to the membership, events and bookings and sports and leisure sectors.

Press Release

ClearCourse Partnership LLP (“ClearCourse” or “the Partnership”), a group of innovative technology companies providing software, services and digital capabilities to the membership, events & bookings and sports & leisure sectors, today announces its acquisition of intelligentgolf (“the company”), a leading web-based provider of golf club and competition management software. The deal represents an expansion of ClearCourse’s offering into the sport & leisure industry and is the tenth company to join the Partnership since its foundation in October 2018.

intelligentgolf was founded in 2000 with the aim of making playing in golf competitions at club level easier and more

Continue reading “Aquiline-backed ClearCourse Partnership adds on intelligentgolf”

Aquiline-backed ClearCourse Partnership adds on intelligentgolf


This post is by Chris Witkowsky from PE Hub Blog: Buyout Deals


Click here to view on the original site: Original Post




Aquiline Capital Partners-backed ClearCourse Partnership acquired intelligentgolf, which provides golf club and competition management software. The deal represents the tenth add-on since ClearCourse’s foundation in 2018. ClearCourse is a group of companies that provide software and services to the membership, events and bookings and sports and leisure sectors.

Press Release

ClearCourse Partnership LLP (“ClearCourse” or “the Partnership”), a group of innovative technology companies providing software, services and digital capabilities to the membership, events & bookings and sports & leisure sectors, today announces its acquisition of intelligentgolf (“the company”), a leading web-based provider of golf club and competition management software. The deal represents an expansion of ClearCourse’s offering into the sport & leisure industry and is the tenth company to join the Partnership since its foundation in October 2018.

intelligentgolf was founded in 2000 with the aim of making playing in golf competitions at club level easier and more

Continue reading “Aquiline-backed ClearCourse Partnership adds on intelligentgolf”

Hudson Hill acquires GTLi and Am Trans to form Fusion Transport


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


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Hudson Hill Capital has acquired majority stakes in Global Transport Logistics Inc and Am Trans Expedite Inc to form Fusion Transport LLC, a logistics holding company. No financial terms were disclosed. Capstone Headwaters served as financial adviser to GTLi and Am Trans on the transaction.

PRESS RELEASE

NEW YORK, June 20, 2019 /PRNewswire/ — Hudson Hill Capital (“Hudson Hill”), a private investment firm founded by Eric Rosen, announced today that it has acquired majority stakes in Global Transport Logistics, Inc. (“GTLi”) and Am Trans Expedite, Inc. (“Am Trans”) to form Fusion Transport, LLC (“Fusion Transport”), a newly established logistics holding company. This transaction brings together proprietary capacity and innovative solutions to create an evolutionary national logistics network, focused on retail consolidation, less-than-truckload (“LTL”) shipping and multimodal transportation brokerage. The founders and senior executives of both GTLi and Am Trans retained significant equity in the combined company and will continue

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KKR to sell part of Weststar Aviation stake: Bloomberg


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KKR is near a deal to sell a portion of its 40 percent stake in Weststar Aviation Services Sdn to the company’s controlling shareholder, Bloomberg is reporting. Westar, a provider of helicopters for the offshore energy industry, could be valued at about $2 billion, the story said.

Sycamore Partners lowers Chico’s bid


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Sycamore Partners has lowered its unsolicited bid for Chico’s FAS Inc to $3 per share or $350 million cash. Chico’s, a women’s retailer, said it would “carefully review” the proposal but has previously reviewed and rejected higher offers from Sycamore.

PRESS RELEASE

FORT MYERS, Fla., June 19, 2019 /PRNewswire/ — Chico’s FAS, Inc. (NYSE: CHS) (the “Company”) today confirmed that it has received a revised unsolicited proposal from Sycamore Partners (“Sycamore”) to acquire the Company for $3.00 per share in cash.
Consistent with its fiduciary duties and in consultation with its independent financial and legal advisors, the Chico’s FAS Board of Directors (the “Board”) will carefully review Sycamore’s revised proposal to determine the course of action that it believes is in the best interests of Chico’s FAS shareholders.
The Company noted that the Chico’s FAS Board has already reviewed and unanimously rejected a previous higher-priced proposal from Sycamore

™

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Abris Capital to buy Dentotal Protect


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Abris Capital Partners said June 20 that it agreed to buy Dentotal Protect. Financial terms weren’t announced. The Dogariu family, the sellers, will remain an investor. Dentotal Protect distributes dental consumables, instruments and equipment in Romania.

PRESS RELEASE

WARSAW, Poland, June 20, 2019 /PRNewswire/ — Abris Capital Partners, the Central & Eastern European private equity fund manager, has signed an agreement to acquire Dentotal Protect, the leading distributor of dental consumables, instruments and equipment in Romania, from the Dogariu family that will remain in the business. The transaction is conditional upon securing clearance from the anti-monopoly authorities.
Dentotal is the leading distributor on the fast-growing Romanian dental care market providing a large variety of dental supplies and services to dental clinics and laboratories.
Under the new shareholding structure, Dentotal will aim to consolidate and increase its market share both organically and through acquisitions. Abris will continue to support the growth

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THL to buy AutoStore


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Thomas H. Lee Partners has agreed to acquire AutoStore, a Norwegian robotics and software company. No financial terms were disclosed. According to terms of the deal, EQT will retain a minority stake in the company. Morgan Stanley provided financial advice to THL. The transaction is expected to close during the third quarter of this year.

PRESS RELEASE

NEDRE VATS, NORWAY & BOSTON, MA – June 19, 2019 – Thomas H. Lee Partners, L.P. (“THL”), a premier private equity firm investing in growth companies, announced today a definitive agreement to acquire AutoStore (the “Company”), a leading robotics and software company providing automation technology to warehouse & distribution facilities around the world. Members of AutoStore’s senior management team and EQT, among others, will continue to hold minority positions in the Company. EQT will also remain on the Board alongside THL going forward. Terms of the transaction, which is expected to

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