Chris Witkowsky
Joe's Jeans has completed the $97.6 million acquisition of Fireman Capital Partners-backed Hudson Clothing Holdings, a designer and marketer of denim apparel. Financing consisted of a $50 million revolving credit facility from CIT Trade Finance as agent and a $60 million senior term loan from affiliates of Garrison Investment Group as agent.
Square 1 Bank has relocated executives Ben Pattison and David Kho to the Boston office to help develop and manage relationships with clients in the region. Both Pattison and Kho joined Square 1 in 2008.
Origin Capital Partners has launched Origin Capital Fund II, targeting $100 million. The fund, which has collected $30 million, will invest in medical office, multi-family, office, industrial and retail properties in certain U.S. offices. Origin is a real estate private equity firm based in Chicago.
To close out an eventful week, First Read serves you up some nasty weather brewing across the country, why Twitter is the 'anti-Facebook', and a candlelight vigil for a very worthy cause.
Tricia Scrivner, former head of PE, hedge funds and real assets at Missouri's state retirement system, is moving to Margaret A. Cargill Philanthropies. David Felix, meanwhile, joined the PA State Employees' system.
Catterton Partners has invested in Protein Bar, a high-growth, fast casual restaurant chain. Terms of the deal were not disclosed. Protein Bar will use the proceeds to expand its concept of providing customers "craveable food" that is good for them.
Aqua Capital, which focuses on growth investments in mid-market agribusinesses, has held a final close on its Agribusiness & Food Fund on $173.4 million, exceeding its $150 million target. Limited partners include U.S., European, Middle Eastern and Latin American development finance institutions, endowments, family office, financial and fund of funds investors.
WL Ross & Co.'s Permian Basin Materials has completed the acquisition of Crockett County Mining, Highland Concrete Co. and Wallach Concrete. WL Ross funds own 80% of Permian Basin Materials, while existing shareholders from the acquired companies own a combined 20%.
We did a compensation survey for the North American private equity and venture capital industry and it's mostly good news. Pay is up, and firms are hiring more as deal flow, exits and fundraising gets stronger.
SFW Capital Partners-backed Spectro Inc., a maker of analytical software for the industrial performance fluids market, has acquired Wilks Enterprise for an undisclosed amount. SFW Capital invests in analytical tools and related services businesses.