| | | Fall behind on what happened in Private Equity and Venture Capital last week? Have no fear – here’s the most-read stories that appeared on PEHub.com: | | Private equity firms to sell Minacs to Synnex for $420 mln | Posted: 7/11/2016 | Synnex Corp (NYSE: SNX) has agreed to acquireMinacs, anoutsourcing business solutions provider with primary offices in Oshawa, Ontario,Farmington Hills, Michigan and Bangalore, India. The purchase price is about US$420 million. The sellers are Asian private equity firmsCX Partners and Capital Square Partners, which acquired Minacs in May 2014. Synnex, a U.S.business process services company, said it plans to integrate Minacs with its affiliateConcentrix, strengthening the latter's capabilities and expanding its market optimization andInternet of Things solutions. The deal is expected to close inQ3 2016. | Read More... |
Triton Container, TAL International close merger | Posted: 7/13/2016 | Triton Container International Ltd and TAL International Group Inc have completed their merger and formed Triton International Ltd. Warburg Pincus LLC and Vestar Capital Partners owned Triton Container. Triton International is a lessor of intermodal freight containers. The deal was announced in November. | Read More... |
Appthority raises $7 mln Series B CORRECTION | Posted: 7/13/2016 | San Francisco-based Appthority, a provider of enterprise mobile threat protection solutions, has raised an additional $7 million in Series B funding. Trident Capital Cybersecurity led the round with participation from U.S. Venture Partners, Venrock, Blue Coat Systems and Knollwood Investment Advisory. | Read More... |
Audax sells Winchester Electronics to Snow Phipps | Posted: 7/11/2016 | Snow Phipps Group has acquired South Norwalk, Connecticut-based Winchester Electronics Corp, a provider of custom engineered interconnect solutions. The seller was Audax Private Equity. No financial terms were disclosed. Lincoln International provided financial advice to Winchester and Audax on the transaction.
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ArcTern Ventures leads $10 mln financing of Morgan Solar | Posted: 7/13/2016 | Morgan Solar Inc has secured $10 million in a follow-on financing. The round was led by ArcTern Ventures, aCanadian clean-tech venture capital firm developed in partnership withMaRS Discovery District. Founded in 2007, Toronto-based Morgan Solar develops technologythat aims to make solar power morecommercially affordable and accessible. It plans to use the funds raised to increase manufacturing capacity of Sun Simba,a concentrating solar system based onproprietaryoptic and circuit technology. Morgan Solar's other investors includeEnbridge Inc,Iberdrola SA,Kuwaiti Investment Authority andTurnstone Capital Management. | Read More... |
AE Industrial Partners buys Moeller Aerospace | Posted: 7/12/2016 | AE Industrial Partners LLC said July 12 that it acquired Moeller Mfg. Company LLC ("Moeller Aerospace"). Financial terms weren't announced. Wixom, Michigan-based Moeller specializes in the precision machining of complex hot- and cold-section turbine hardware across all major aerospace engine programs. Kirkland & Ellis LLP served as legal advisor and PricewaterhouseCoopers LLP as financial advisor to AE Industrial Partners. Honigman Miller Schwartz and Cohn LLP served as legal advisor and P&M Corporate Finance LLC served as financial advisor to Moeller Aerospace. | Read More... |
Oak Hill collects $1.27 bln for fourth fund | Posted: 7/11/2016 | Oak HillCapital Partners raised $1.27 bln across five vehicles for Oak Hill Capital Partners IV, according to filings with the U.S. Securities and Exchange Commission. It's not clear if this is a final close. | Read More... |
Fengate acquires Carillion's stake in Oakville hospital project | Posted: 7/12/2016 | Fengate Capital Management has acquired the 40 percent equity interest held inthe Oakville Trafalgar Memorial Hospital project byCarillion Canada Inc. No financial terms were released. The deal brings Fengate's total investment in the asset to 90 percent of the equity.Oakville Trafalgar Memorial Hospital, a full-service acute care community hospital located in Oakville, Ontario, opened in December. Fengate, a Canadian infrastructure, real estate and private equity investment firm,is a member of the consortium that was selected to design, build, finance and maintain the facility. | Read More... |
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