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NEW YORK | March 18, 2019‍One Rock Capital Partners, LLC (“One Rock”) announced that one of its affiliates has entered into a definitive agreement with Newell Brands to acquire its Process Solutions business. Headquartered in Greenville, South Carolina, Process Solutions is a manufacturer and material sciences company that offers custom-designed plastic, nylon, monofilament and zinc products in the health care, consumer, and industrial end markets. By leveraging its value engineering and manufacturing technology, the business services a wide variety of commercial industries and customers, as well as governmental agencies globally. Process Solutions is also the primary supplier of copper-plated zinc penny blanks to the United States Mint as well as a supplier of coinage to other countries. Tony W. Lee, Managing Partner of One Rock, commented, “Process Solutions develops a wide variety of high-quality products that serve diverse end markets and surround us every day. One Rock has substantial experience
MEDIA, PA and RED BANK, NJ – March 5, 2019 – FXI and Innocor, two of the leading producers of polyurethane foam products, today announced the signing of a definitive merger agreement that will establish one of the most comprehensive and innovative companies in the industry. The combined company will offer a complete array of solutions and serve customers across a broad range of end markets – including bedding, furniture, transportation, medical, filtration, acoustics, and industrial. Financial terms of the transaction were not disclosed. FXI is a leading provider of innovative foam solutions driven by consumer insights and state-of-the-art research and development. FXI’s products are used in a variety of end markets including bedding, furniture, transportation, medical, filtration, acoustics, and industrial. The company has 16 manufacturing and distribution facilities with approximately 2,200 employees. Innocor is a leader in consumer-driven polyurethane foam solutions for finished products in retail, ecommerce and direct-to-consumer segments
SANTA MONICA, CA and HOUSTON, TX – February 20, 2019 – symplr, a leading healthcare governance, risk and compliance (“GRC”) software-as-a-service (“SaaS”) platform, backed by Clearlake Capital Group, L.P. (together with its affiliates, “Clearlake”), announced that it has signed a definitive agreement to acquire API Healthcare (“API”), a leading provider of healthcare human capital management (“HCM”) software solutions, from Veritas Capital (“Veritas”). Financial terms were not disclosed. The combination of symplr and API will deliver the healthcare industry’s only fully integrated GRC and HCM SaaS platform of scale, offering an end-to-end solution encompassing provider data management, credentialing and workforce management, addressing the full spectrum of labor regulatory requirements while also improving patient outcomes and quality of service. API is a leading provider of healthcare HCM software solutions, automating workforce management to improve financial, clinical and operational outcomes. Based in Hartford, Wisconsin, API offers time and attendance, staffing and scheduling, patient classification,
New York, March 1, 2019 – Siris Capital Group, LLC (“Siris”), a leading private equity firm focused on making investments in technology companies, today announced the closing of Siris Partners IV, L.P. (together with its parallel funds, “Fund IV”) with $3.45 billion of capital commitments. Through Fund IV, Siris intends to continue its established strategy of control investing, targeting mature mission critical companies that are navigating technology transitions. “We are grateful for the overwhelming support and trust our investors have placed in us,” said Siris Co-Founder and Managing Partner, Frank Baker. “While the technology sector has become increasingly competitive for attractive high growth assets, we continue to have strong conviction in our strategy of acquiring mature technology companies and driving value creation.” Fund IV exceeded its target amount of $3.0 billion. It nearly doubles the $1.8 billion in capital commitments of the prior fund raised in 2015 and is more
NEW YORK, February 8, 2019 – One Rock Capital Partners, LLC (“One Rock”) announced today that one of its affiliates has entered into a definitive agreement to acquire the plastics distribution business (“Nexeo Plastics”) of Nexeo Solutions, Inc. (“Nexeo”). The transaction will follow Nexeo’s pending acquisition by Univar Inc. and is expected to close during the first half of 2019. Nexeo Plastics is a global leader in the distribution of plastics products, including polymer products and prime engineering resins. Through its vast distribution network, Nexeo Plastics connects world-class suppliers with customers across a broad cross section of industrial segments in more than 60 countries in North America, Europe and Asia. Nexeo Plastics utilizes its proprietary technology platform to efficiently serve its suppliers and customers and has distinguished itself as an industry leader through its extensive product portfolio, expansive distribution reach and commitment to service. Tony W. Lee, Managing Partner of One
February 5, 2019 Johannesburg/London – Development Partners International (“DPI”), a leading Pan African private equity firm, is pleased to announce the latest investment of its African Development Partners II fund (“ADP II”) into International Facilities Services (“IFS”), a facilities management specialist in Africa. IFS provides a full suite of specialist facility management services to clients on remote sites across the African continent, including catering, maintenance, laundry and housekeeping. Employing over 2000 people, IFS operates across a diverse range of geographies, with key customers in numerous African countries including Mozambique, DRC, Namibia, Zambia, South Africa and Lesotho, and services a broad range of sectors including hospitality, natural resources, shipping and mining. Since its inception in 2000, IFS has become recognised in the market, with a reputation for quality service, reinforced by its strong local networks and a proven operational track record. The US$35million investment will help fund an acquisitive growth strategy
MINNEAPOLIS, MN and SANTA MONICA, CA – January 22, 2019 – Perforce Software (“Perforce”), a global provider of enterprise-grade DevOps-focused software solutions, backed by Clearlake Capital Group, L.P. (together with its affiliates, “Clearlake”), today announced it has reached a definitive agreement to acquire Rogue Wave Software (“Rogue Wave”), a leading independent provider of cross-platform software developer tools and embedded components. The combination of Perforce and Rogue Wave delivers a full suite of solutions that measurably improves developer productivity while fueling DevOps at scale. This is the sixth acquisition by Perforce in the last two years since embarking on an aggressive growth strategy to expand its portfolio across the technology development lifecycle. Terms are not being disclosed. The acquisition is expected to close in early February of this year. Rogue Wave provides market-leading solutions that help enterprises optimize software development and build, connect, and secure applications while reducing risk. The company
NEW YORK, December 19, 2018 – One Rock Capital Partners, LLC (“One Rock”) announced that one of its affiliates, Robertshaw, a global engineering and manufacturing company focused on controls and solutions for residential white goods and commercial appliances, acquired CastFutura S.p.A. (“CastFutura”), 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. CastFutura employs approximately 750 employees and has operations in Bulgaria, Poland, Hungary, Italy and Brazil along with CastFutura’s headquarters and engineering center in Terno D’Isola, Italy which is approximately 30 miles outside of Milan. “CastFutura is a strategic acquisition for Robertshaw that broadens our cooking presence in Europe, South America and the Middle East. The acquisition reinforces Robertshaw’s commitment to serving customers
Temple, GA Dec 13, 2018 – Janus International Group, LLC (“Janus”), the leading global manufacturer and supplier of turn-key building solutions and new technology for the self-storage industry, today announced the acquisition of Nokē, Inc. (“Nokē”) the creator of high tech smart locking solutions. The acquisition will allow both companies to continue to develop and enhance the SecurGuard® Smart Entry System that was released earlier this year. The Smart Entry System has modernized access control in self-storage by allowing tenants mobile access to their unit, gates, man-doors, and elevators. With an electronic lock on every unit door, the system provides peace of mind for both tenants and operators along with unprecedented individual door security. Janus also announced today the acquisition of Active Supply and Design (CDM) Ltd (“ASD”), one of Europe’s top installers and self-storage systems solutions providers. The combination of Janus’ European operations and ASD will continue to develop,
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