Capital Flow

Clearlake Capital Acquires TEAM Technologies
Santa Monica, CA and Morristown, TN – November 15, 2018 – Clearlake Capital Group, L.P. (together with certain affiliates, “Clearlake”) today announced that it has acquired TEAM Technologies Inc. (“TEAM Technologies” or the “Company”), in partnership with Company management, from The Riverside Company. TEAM Technologies is a leading custom design and manufacturing partner to many of the world’s leading brands in the dental, medical, and cosmetic industries. Financial terms of the transaction were not disclosed. Headquartered in Morristown, Tennessee, TEAM Technologies supports its customers across the entire product lifecycle, beginning with in-house design and innovation capabilities, through delivery via its best-in-class, highly automated manufacturing and packaging capabilities. The investment from Clearlake will enable TEAM Technologies to accelerate growth organically by continuing to build on a successful product development pipeline and sales strategy, as well as through acquisitions. Marshall White, President and CEO of TEAM Technologies, will continue to lead the
Siris Capital Completes Sale of Intralinks Holdings in $1.5B Deal
WINDSOR, Conn., Nov. 16, 2018 /PRNewswire/ — SS&C Technologies Holdings, Inc. (Nasdaq: SSNC), a global provider of financial services software and software-enabled services, today announced it has completed the acquisition of Intralinks Holdings, Inc. Intralinks is a leading financial technology provider for the global banking, deal making and capital markets communities. Intralinks facilitates strategic initiatives including mergers and acquisitions, capital raising and investor reporting by enabling and securing the flow of information. Intralinks also provides the leading investor communications platform for private equity and hedge fund professionals with the largest hosted community of general and limited partners for the alternative investments industry. Intralinks brings to SS&C over 800 employees globally and more than 4,000 clients including banks, alternative and blue chip corporate clients. “We are excited about the technology and expertise that Intralink’s brings to SS&C,” said Bill Stone, Chairman and Chief Executive Officer, SS&C Technologies. “Intralinks and SS&C share
One Rock Portfolio Company to Acquire CastFutura S.p.A.
Itasca, IL — October 26, 2018 – Robertshaw, a global engineering and manufacturing company focused on controls and solutions for residential white goods and commercial appliances, announced today that it has signed a definitive agreement with Star Capital SGR and other shareholders to acquire 100%of CastFutura S.p.A., a leading provider of combustion, safety and ignition products for cooking and heating applications. Since its founding in 1969, CastFutura has built a strong reputation and track record for offering innovative and reliable products for gas systems including burners, thermocouples, spark plugs, igniters and switch harnesses. “As part of Robertshaw’s growth strategy, the acquisition of CastFutura expands our cooking presence in Europe, South America and the Middle East and reinforces Robertshaw’s commitment to our customers and to the markets that we serve,” said Mark L. Balcunas, CEO and President of Robertshaw. Marco Bonfigli, CEO of CastFutura, said “We are excited to be joining
Neuberger Berman Acquires Insurance-Linked Strategies Manager and Affiliated Reinsurer
New York, November 1, 2018 – Neuberger Berman has broadened its alternative investment platform through the acquisition of specialist asset manager Cartesian Re, which with its affiliate Iris Re, manages more than $1 billion in assets under management (AUM) focusing on the insurance-linked strategies (ILS) asset class. Cartesian Re was developed as a portfolio company of Cartesian Capital Group, which will work with Neuberger Berman to deliver ILS capabilities to clients globally. The addition of Cartesian Re illustrates Neuberger Berman’s continued focus on diversifying its alternative capabilities, particularly with strategies offering returns uncorrelated with financial markets. Cartesian Re will be renamed NB Insurance-Linked Strategies and its affiliated Bermuda reinsurer, Iris Re, will be renamed NB Reinsurance Ltd. Led by Managing Partner Peter Yu, Cartesian Capital Group is a global private equity firm with $3 billion in committed AUM. In 2009, Cartesian Capital Group founded Cartesian Re as an ILS manager
Pharos Capital Recapitalizes Post-Acute Care Provider Charter Health Care Group
DALLAS and NASHVILLE, Tenn., Oct. 30, 2018 /PRNewswire/ — Pharos Capital Group, LLC (“Pharos”), a private equity firm based in Dallas and Nashville, announced it has made a majority investment in Charter Health Care Group (“Charter”), a leading provider of post-acute care services based in Southern California. Founded in 2006 by industry veterans Fred Frank and Sabina Del Rosario, Charter offers a variety of post-acute care programs including hospice, home health, transitional care, and palliative care services. Terms of the transaction were not disclosed. The transaction forms the basis for Pharos’s post-acute care platform, which will focus on building and acquiring high-quality hospice and home health companies that manage healthcare needs across the post-acute care continuum while also working to improve the patient experience and lower the costs of care for those patients. “We are excited to establish a platform in the rapidly growing post-acute care segment of the healthcare
Clearlake Capital-Backed Wheel Pros Acquires ReadyLIFT
SANTA MONICA, CA and GREENWOOD VILLAGE, CO – October 29, 2018- Wheel Pros, a leading designer, marketer, and distributor of branded automotive aftermarket wheels, performance tires, and accessories, today announced that it has acquired ReadyLIFT, a leading designer and distributor of suspension, lift, and leveling kits. Financial terms of the transaction were not disclosed. ReadyLIFT designs, manufactures, and distributes suspension leveling products and lift kits for the truck, jeep, and sport utility vehicle markets. It also offers accessories through its AMI Styling brand, as well as value-branded suspension kits through its RuggedLift brand. Wheel Pros currently serves more than 10,000 retailers with a global network of 33 distribution centers spanning North America and Australia. Founded in 1995, Wheel Pros has a portfolio of 12 proprietary brands with more than 300 custom wheel styles, including some of the most recognized designs in the industry. “Suspension, lift, and leveling kits are a
Wicks Group Portfolio Company Acquires IdentityForce Inc.
August 15, 2018 EZShield, a portfolio company of The Wicks Group (“Wicks”) and the leader in digital identity protection and resolution, today announced it has acquired IdentityForce, the #1 rated identity theft protection provider for businesses and consumers. The acquisition expands EZShield’s identity protection ecosystem by nearly 50 percent, providing partners in every industry, businesses of all sizes, and consumers with the most secure capabilities and rapid restoration services. The pervasiveness of cyber fraud incidents and data breaches is estimated to cost $6 trillion annually by 2021. “IdentityForce is a trusted, top-ranked leader in identity theft protection and their business is comprised of a highly customer-centric team of experts who are committed to combatting identity theft,” said Dale Dabbs, President and CEO of EZShield. “Whether it’s EZShield’s focus on exceptional customer service or robust cybersecurity tools, or IdentityForce’s award-winning mobile app and Social Media Identity Monitoring features, our companies bring
Palladium Equity Partners Acquires Kymera International
October 10th, 2018 New York and Raleigh, NC, October 11, 2018 – Palladium Equity Partners, LLC (along with its affiliates, “Palladium”), a private investment firm with over $2.5 billion in assets under management, today announced that one of its affiliated private equity funds has acquired Kymera International (ACuPowder International, ECKA Granules and SCM Metal Products, collectively, “Kymera” or the “Company”), a leading global specialty materials company, from Los Angeles-based private investment firm Platinum Equity. Terms of the transaction were not disclosed. Founded in the late 1800’s, the Kymera group of companies produces a variety of specialty materials, powders, pastes and granules used in a wide range of metallurgical, chemical and industrial processes. Many of the Company’s products are custom developed for specific customer applications in a variety of end-markets, including chemical, specialty auto, additive manufacturing, general industrial, mining, and aerospace, among others. The Company is headquartered in Research Triangle Park,
Palladium Equity Partners to Invest in Partnership with Owners of Spices Provider
New York and Orlando, FL, July 10, 2018 – Palladium Equity Partners, LLC (along with its affiliates, “Palladium”), a private investment firm with over $2.5 billion in assets under management, today announced that one of its affiliated private equity funds has made an investment in partnership with the owners of Spice World, Inc. (“Spice World” or the “Company”), a leading supplier of garlic and other spices under the Spice World brand. Terms were not disclosed. Founded in 1949 and led by multiple generations of Caneza family members, Spice World offers a broad portfolio of garlic and other spice products in a variety of formats, including fresh, peeled, and minced garlic and other spices sold under the Spice World brand. The Company today distributes its products in the U.S. through a broad customer base, including grocery chains, club stores, and distributors. Palladium will partner with the Spice World management team with
Grain Management to Acquire Nebraska Telecommunications Company
Washington, DC – Grain Management, LLC (Grain), a leading private equity firm focused on investments in the communications sector, announced today that it has entered into a definitive agreement to acquire Great Plains Communications – the largest privately-owned telecommunications provider in Nebraska. “We are enthusiastic about the outstanding performance Great Plains Communications has delivered for its customers, and we are thrilled to partner with the current management team to continue pursuing their vision of being the region’s leading provider of high-quality, fiber-based telecommunications services,” said David Grain, Founder & CEO of Grain Management. Grain will acquire Great Plains Communications from its current owners, whose families have led the company’s growth since 1910, when it began as a local telephone company. Throughout its long history, Great Plains Communications has strategically transitioned itself into a leading regional provider of fiber-based services through significant investment in its state-of-the-art network and facilities. The company