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Arcline in $1.8bn take-private deal; plus 5 PE firms that think it’s time to tune up your car

Good morning dealmakers, thank goodness it’s Friday.

It’s Obey Martin Manayiti here with the newsletter this morning.

We’ll start with the news that Arcline is buying a manufacturer for $1.8 billion.

Up next, we’ve got some healthcare deal news from Ampersand.

For our Friday listicle, we’re rounding out the week with a look at five private equity deals announced already this month in the vehicle parts and services sector.

And finally, today is the last chance to send in nominations for PE Hub’s and Buyouts’ annual Women in Private Equity report. Details below.

Engineered products

Arcline Investment Management has agreed to acquire Kaman Corp., a publicly-traded manufacturer of products for the aerospace & defense, industrial and medical markets, in a transaction with an enterprise value of $1.8 billion.

For details on the deal, including the target’s famous founder, upgrade to the premium version of the Wire.

Preclinical and clinical development services

Iuvo BioScience, has acquired Promedica International. Boston and Amsterdam-based Ampersand Capital Partners is backing the combined business.

Read all about the deal in the premium version of the Wire.

Car talk

As the cost of new cars has risen in recent years, it should come as no surprise that private equity firms would acquire companies providing aftermarket and original equipment manufacturer (OEM) components to the automotive market, writes my colleague Michael Schoeck.

Find out which PE firms are investing in car parts and services by upgrading to the premium version of the Wire.

Last chance

Today is the deadline to send in nominations for our annual Women in PE feature. We’re looking for recommendations from you, Dear Reader, on rock star women in the industry. We’re mostly interested in women working on the deal side of the business, since that is the area that has traditionally been dominated by men, but we will include women who work in IR and on the LP side.

Nominations should include short bios of the candidate that include accomplishments both in their professional career as well as a snapshot of activities outside of work.

The Women in PE feature includes 10 mini-profiles of superstar women in the business as the March cover story, along with additional feature coverage. (Let us know if you have thoughts on some topics to touch on.) Check out past coverage here.

Send your Women in PE recs to Chris Witkowsky (christopher.w@pei.group) by EOD today. 

That’s it for today. MK Flynn will be back with more on Monday.  

Have a nice weekend,

Obey

Read the full wire commentary on PE Hub ... 

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