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Category: Portfolio Company News

Greenbriar Equity buys into Tailwind Capital’s RANDYS Automotive

Greenbriar Equity Group has bought into Tailwind Capital portfolio business RANDYS Worldwide Automotive through a recapitalisation deal. The post Greenbriar Equity buys into Tailwind Capital’s RANDYS Automotive first appeared on AltAssets Private Equity News.

KREST Grows Multifamily Portfolio with Acquisitions in Brooklyn and Philadelphia

NEW YORK--(BUSINESS WIRE)-- KKR, a leading global investment firm, today announced that KKR Real Estate Select Trust Inc. (“KREST” or the “Fund”) has completed the purchases of two Class A multifamily properties with a combined

Olympus Partners seals Liquibox trade sale after seven years of ownership

Olympus Partners has agreed to sell liquid packaging specialist Liquibox to Sealed Air Corporation after seven years in its portfolio. The post Olympus Partners seals Liquibox trade sale after seven years of ownership first appeared

Cinven seals $720m TaxAct buyout to combine with portfolio business Drake Software

Private equity major Cinven has agreed a $720m buyout of TaxAct, which will be merged with the firm's existing portfolio business Drake Software. The post Cinven seals $720m TaxAct buyout to combine with portfolio business

GP Profile: Equistone banks on experience to ride through the next cycle

European mid-market sponsor Equistone is banking on the multi-cycle experience of its team to carry the firm and its portfolio through the next storm as it looks towards future fundraising and portfolio development, UK-based partner

Madrona shakes up portfolio management team with 3 hires

Venture capital investor Madrona has named three new team members who will work with portfolio companies on strategy and execution. The post Madrona shakes up portfolio management team with 3 hires first appeared on AltAssets

Trinity Hunt Partners closes $618m fund to support existing portfolio

Trinity Hunt Partners, a mid-market private equity firm, has closed its first Continuation Fund on $618m, to support its existing portfolio companies. The post Trinity Hunt Partners closes $618m fund to support existing portfolio first

Sverica seals iWave sale to Incline Equity after tripling company size, upping profitability

Sverica Capital Management has sold iWave to fellow private equity house Incline Equity Partners after five years in its portfolio. The post Sverica seals iWave sale to Incline Equity after tripling company size, upping profitability

Wise kicks off sale of bike tires maker Vittoria

Private equity firm Wise Sgr is working with Baird to sell portfolio company Vittoria, said three sources familiar with the situation.

Core Industrial Partners seals rapid MedLit solutions trade sale after just two years in portfolio

Chicago-based buyout house Core Industrial Partners has sold pharma packaging and labelling specialist MedLit Solutions to trade buyer Resource Label Group. The post Core Industrial Partners seals rapid MedLit solutions trade sale after just two years

DevOps platform Plandek, used by PE portfolio businesses, gets YFM Equity Partners backing

UK investor YFM Equity Partners has led a £4.5m investment round for Plandek, a DevOps analytics platform that aims to enable technology teams to deliver quality software faster and more predictably. The post DevOps platform

Advent creates €3bn revenue chemicals company by merging Caldic with Wilbur-Ellis’ Connell

Advent International has merged its portfolio business Caldic with Wilbur-Ellis' Connell to create a life science and chemicals company with combined revenues of about €3bn. The post Advent creates €3bn revenue chemicals company by merging

TPG backs North Castle continuation fund for rapidly expanding CR Fitness, just three years after buyout

Private equity giant TPG has backed a continuation fund from North Castle Partners designed to take on Fund VII portfolio business CR Fitness, just three years after it bought the business. The post TPG backs

Ten years after carve-out from Bayer, Aurelius seals Briar Chemicals exit to India’s Safex

European asset manager Aurelius has sold agrochemical contract development and manufacturing organisation Briar Chemicals to Indian trade buyer Safex. UK-based Briar has been part of the Aurelius portfolio since 2012, following a corporate carve-out transaction

ICG calls 60% shares-NAV discount ‘anomalous’

UK investor ICG Enterprise Trust has called the 60% discount between its stock price and the NAV of its portfolio “very anomalous”.

Stanley Capital scores 151% IRR on its first-ever exit with Noden Pharma sale

European mid-market buyout investor Stanley Capital Partners has scored a big exit success with the sale of Noden Pharma after just two years in its portfolio. The post Stanley Capital scores 151% IRR on its

Silverfleet to reap 3.1x money from TrustQuay sale to Hg

Silverfleet has agreed to sell its stake in TrustQuay, a provider of trust, fund and corporate services software, to Hg in an exit set to generate a 3.1x gross money multiple and an IRR of

Graycliff sells WorldWide Electric to AEA Investors after four-year transformation

Graycliff Partners has agreed to sell WorldWide Electric to fellow buyout house AEA Investors after four years in its portfolio. The post Graycliff sells WorldWide Electric to AEA Investors after four-year transformation first appeared on

GP Profile: Verdane looks to step up portfolio deal deployment

Oslo-headquartered technology-focused GP Verdane is expecting to see an increase in portfolio deal opportunities as VCs and sponsors weigh up options for their existing portfolios, Director Merle Price and Partner Henrik Aspen told Unquote.

DPE raises EUR 708m continuation fund for two IT consultancies

Deutsche Private Equity has transferred two of its portfolio companies Eraneos Group and valantic Group to its first continuation fund.

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