Transactions

EQT Exits Aldevron at $9.6 Billion

EQT Private Equity has agreed to sell Aldevron, a producer of nucleic acids and proteins, to Danaher Corporation for $9.6 billion. EQT acquired a majority stake in Aldevron in July 2019 from TA Associates. Aldevron’s nucleic acids, proteins, antibodies and mRNA are used in vaccines, gene and cell therapy, gene editing and diagnostic applications by…

Arcline Completes 2nd IPS Addition

Integrated Polymer Solutions (IPS), a portfolio company of Arcline Investment Management, has acquired Swift Textile Metalizing. Arcline acquired IPS from Industrial Growth Partners in July 2019. Swift Textile manufactures metalized fabrics that are used in electromagnetic and radio frequency interference shielding applications in the aerospace and defense sectors. Swift’s products – made from conductive and…

GHK Capital Acquires ITS Logistics

GHK Capital Partners has acquired third-party logistics company ITS Logistics from McNally Capital. ITS Logistics provides supply chain management, transportation, warehousing, and logistic services to small and large-scale businesses. The company, with 600 employees, had nearly $500 million in revenue in 2020 and operates a 2-million square foot warehouse in Sparks, Nevada. ITS was founded…

Artemis and Abacus Team Up on Maury Microwave

Artemis Capital Partners, in partnership with Abacus Finance Group, has acquired Maury Microwave. Maury Microwave is a designer and manufacturer of radio frequency (RF) measurement and connection products – including instrumentation, cables assemblies, coaxial and waveguide components and adapters – used in the telecommunications, semiconductor, aerospace, defense, instrumentation, and research sectors. The company’s products are…

Thoma Bravo Inks Deal for QAD

Thoma Bravo has agreed to acquire publicly traded QAD, a provider of cloud-based software used in manufacturing and supply chain applications, in an all-cash transaction with an equity value of approximately $2 billion. QAD’s products are used by more than 2,000 manufacturing companies for enterprise resource planning (ERP), demand and supply chain planning (DSCP), global…

Apollo’s Latest is as Easy as ABC

Apollo has completed its acquisition of 51% of publicly traded ABC Technologies for C$277 million or C$10 per share. ABC (TSX: ABCT) is a manufacturer and supplier of thermoplastic, custom compounds, and engineered lightweight plastics used in the North American light vehicle industry including more than 25 original equipment manufacturers. ABC’s products are present on…

News

Encore Gets New Managing Director

Encore Gets New Managing Director

Encore Consumer Capital has promoted Kate Wallman to managing director. Ms. Wallman joined Encore in 2016 as a vice president and was promoted to director in 2019. Encore invests from…

Houlihan Lokey Adds TMT Pro

Houlihan Lokey Adds TMT Pro

Houlihan Lokey has announced the hiring of Walid Khiari as a managing director in its technology, media, and telecom (TMT) group. Mr. Khiari joins the firm after serving as a…

GI Partners Closes Fund VI

GI Partners Closes Fund VI

Middle-market investor GI Partners has held an oversubscribed and above target closing of GI Partners Fund VI LP with $3.9 billion in total commitments. The firm’s earlier fund closed at…

Topspin Closes New Consumer Fund at Hard Cap

Topspin Closes New Consumer Fund at Hard Cap

Topspin Consumer Partners has held a hard cap and final closing of Topspin Consumer Partners II LP with $205 million of capital. The firm’s new fund was oversubscribed and was…

LongRange Expands Team

LongRange Expands Team

LongRange Capital has added several new members to its investment team with the hirings of Sunny Patel as a senior principal, Taylor Elliott as a senior associate, and Austin Marcus…

Rockbridge Closes Fund II

Rockbridge Closes Fund II

Rockbridge Growth Equity has closed its second fund, RB Equity Fund II LP and RB Equity Fund II-A LP, with $345 million of combined capital. Rockbridge invests from $20 million…

New Platform

GHK Capital Acquires ITS Logistics

GHK Capital Acquires ITS Logistics

GHK Capital Partners has acquired third-party logistics company ITS Logistics from McNally Capital. ITS Logistics provides supply chain management, transportation, warehousing, and logistic services to small and large-scale…

Artemis and Abacus Team Up on Maury Microwave

Artemis and Abacus Team Up on Maury Microwave

Artemis Capital Partners, in partnership with Abacus Finance Group, has acquired Maury Microwave. Maury Microwave is a designer and manufacturer of radio frequency (RF) measurement and connection products…

Thoma Bravo Inks Deal for QAD

Thoma Bravo Inks Deal for QAD

Thoma Bravo has agreed to acquire publicly traded QAD, a provider of cloud-based software used in manufacturing and supply chain applications, in an all-cash transaction with an equity…

Apollo’s Latest is as Easy as ABC

Apollo’s Latest is as Easy as ABC

Apollo has completed its acquisition of 51% of publicly traded ABC Technologies for C$277 million or C$10 per share. ABC (TSX: ABCT) is a manufacturer and supplier of…

Audax Buys S.J. Electro

Audax Buys S.J. Electro

Audax Private Equity has acquired S.J. Electro Systems (SJE), a manufacturer of controls used in the water and wastewater industry. S.J. Electro’s products – sold under the CSI…

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