Paper Source to Be Acquired by Elliott
Elliott Investment Management L.P. (“Elliott”) announces today that funds it advises have entered into a definitive agreement to acquire the assets and business operations of Paper Source Inc. The acquisition of Paper Source by Elliott allows the stationery and gift retailer to emerge from Chapter 11 with the support of a well-capitalized owner committed to […]
Riverside acquires electronic-monitoring solutions provider
The value-based private equity arm of The Riverside Company has acquired Alcohol Monitoring Systems, Inc (dba SCRAM Systems), a provider of technology-enabled monitoring solutions and groundbreaking offender management software for state and local judicial systems and corrections departments. SCRAM Systems will be combined with Riverside’s LMG Holdings, Inc (LMG) platform, with its flagship brand LifeSafer, […]
TaylorMade Golf Is Sold to Korean Equity Firm Centroid
The golf brand TaylorMade is changing hands, with a Korean private equity firm acquiring the company amid a global boom in the sport. Seoul-based Centroid Investment Partners has agreed to buy TaylorMade from New York-based KPS Capital Partners, Centroid said in a statement Tuesday. Terms weren’t disclosed. The Korea Economic Daily newspaper said the deal […]
Ontario Teachers’ to acquire Evoltz Participações S.A. from TPG
Ontario Teachers’ Pension Plan Board (“Ontario Teachers’”) is pleased to announce that it has entered into a definitive agreement with TPG, a global alternative asset firm, to acquire a 100 percent interest in Evoltz Participações S.A. (“Evoltz”), a leading electricity transmission platform in Brazil. Founded by TPG in 2018, Evoltz consists of seven electricity transmission […]
Dubin Clark portfolio company Sila Heating and Air completes two add-on acquisitions
Sila Heating and Air (Sila), a port folio company of private equity firm Dubin Clark, has completed two acquisitions: NETR Inc (NETR) and John S Parker Home Service (JSP). Financial terms of the transactions have not been disclosed. Sila Heating and Air is a leading provider of HVAC replacement, service, maintenance, plumbing solutions, and water […]
Offen Petroleum acquires Petromark
Offen Petroleum (Offen), an independent fuel distributor, is acquiring the business assets of Petromark, a motor fuel distributor, and Petromark Transportation, its affiliate trucking company. Offen is a provider of motor fuel, propane, lubricants, and petroleum logistics services in 23 states in the Midwest and Western US The business combination further expands Offen’s footprint more […]
Bain Capital Private Equity to buy Dessert Holdings
Bain Capital Private Equity has agreed to acquire Dessert Holdings, a North American premium dessert company, from its owner of five years Gryphon Investors. The deal – which was made for an undisclosed sum – will enable Dessert Holdings to accelerate its growth and expansion. Based in Minnesota, Dessert Holdings manufactures a range of desserts […]
Partners Group to acquire Axia Women’s Health
Partners Group is to acquire Axia Women’s Health (Axia), a women’s healthcare provider in the US, from Audax Private Equity. Partners Group will become the majority equity holder, while Axia’s management team and physician partners will retain a substantial minority equity stake. Axia is headquartered in Voorhees, New Jersey, and provides a highly integrated platform […]
Icario partners with CVC
Global private equity firm CVC Capital Partners (CVC) has acquired a majority interest in Health action company Icario, through the CVC Growth Partners II fund. Financial terms of the investment, which will be used to fuel Icario’s next phase of growth, have not been disclosed. Having rebranded earlier this year following the merger of market […]
Thoma Bravo to buy Proofpoint for $12.3 billion
Thoma Bravo, the software-focused buyout firm, agreed to acquire cybersecurity and compliance firm Proofpoint in a deal it said values the business at about $12.3 billion. The private equity firm is offering $176 a share in cash, representing a 34% premium to Proofpoint’s April 23 closing price, according to a statement Monday. Proofpoint’s board has […]
