Lawrence Aragon
PDC Brands, which is backed by Yellow Wood Partners of Boston, announced it has has acquired U.K.-based cosmetics company Original Additions. Terms of the deal were not disclosed.
New York investment bank JEGI announced it has hired Doug Stowe as executive vice president of its Professional Services Group. Stowe previously served as an executive director in the investment banking group at Oppenheimer & Co for eight years.
Obama proposes changes to tax treatment of carried interest Proposes increase on capital gains Mary Jo White asks for increased SEC budget The Obama Administration released its budget in early February with several new and re-proposed tax increases. The most notable tax proposals would change the tax treatment of carried interest, expand the 3.8 percent […]
(Reuters) The improving tone in the U.S. leveraged loan market is helping banks to relaunch some deals that were stuck in the market at the end of last year, including a $550 million buyout loan for Web conferencing provider Premiere Global Services, although investors remain wary of highly leveraged deals.
Brightstar Capital Partners, a middle-market private equity firm based in New York, announced it acquired majority ownership of Global Resale LLC in partnership with the company’s founder and CEO, Jeff Zeigler. Based Austin, Texas, Global Resale helps corporations replace and recycle electronic devices. The purchase price was undisclosed. As part of the deal, Brightstar said it committed $50 million to fund growth at the company.
Columbia Pacific Advisors, an alternative investment firm based in Seattle, announced it completed the sale of three winter sports apparel brands under the POW Holdings LLC umbrella. Financial terms were not disclosed. The brands were Holden Outerwear, which was sold to private investors; POW Gloves, which was sold to Rojo Australia; and Spacecraft Collective, which was sold to Omen Longboards. DA Davidson & Co served as financial advisor to POW Holdings.
HIG Capital LLC announced that affiliates have recently completed the acquisition of a portfolio of retail assets in Sweden and of an office property in Rome. Terms of the deals were not disclosed. The transactions represent HIG’s 27th and 28th real estate investments in Europe since the start of 2013. They add approximately 60,000 square meters of office and retail space to the HIG European Real Estate portfolio. Tenants include leading national retailers as well as a major telecom company.
McCarthy Capital Corporation announced it has held a final close on $353 million for McCarthy Capital Fund VI LP, which will invest in lower middle-market companies. The Omaha, Nebraska-based firm said Fund VI was oversubscribed, beating its $250 million target. It did not disclose the names of the LPs. Fund VI will make investments of $10 million to $50 million in profitable companies with revenue of at least $15 million. Founded in 1986, McCarthy Capital manages more than $1 billion in investment capital. Lazard provided placement agent services in connection with the offering and Locke Lord LLP provided legal counsel.
Franklin Square Capital Partners has hired Lewis Katz as chief business development officer. Katz was previously president of Blackboard Advisors, a management consulting firm he founded. Based in Philadelphia, Franklin Square is an alternative investment manager with $16.8 billion in total assets as December 31, 2015.
AUA Private Equity Partners LLC announced that it has acquired Noga Dairies Inc, a manufacturer of yogurts and other other dairy products, as an add-on acquisition to Raymundos Food Group LLC, a refrigerated foods platform. Terms of the transaction were not disclosed.