VCJ Staff
The Carlyle Group has agreed to acquire Dallas-based roofing and building products company ElkCorp (NYSE: ELK) for approximately $1 billion (including the assumption of $173 million in net debt). Bank of America and Merrill Lynch have made leveraged financing commitments. ElkCorp shareholders would receive $38 per share, which is a 51% premium to the trading […]
Hermes Private Equity has acquired Independent Living Group, a UK-based provider of residential care for adults with severe and profound learning disabilities. No financial terms were disclosed. HBOS provided leveraged financing. www.hermesprivateequity.co.uk
Fidelity Ventures has acquired eCredit Inc., a Dedham, Mass.-based provider of online solutions for commercial credit and collections professionals. No financial terms were disclosed, except that Fidelity also provided $11 million in growth capital and installed venture partner Jim Swift as CEO. eCredit shareholders included North Hill Ventures, Apex Venture Partners, Internet Capital Group and […]
RoundTable Healthcare Partners has recapitalized portfolio company ACI Medical Devices Inc., a medical device group with two units: Argon Medical Devices Inc. and Clinical Innovations Inc. Argon is an Athens, Texas-based maker of single-use vascular access and pressure monitoring devices utilized in the cardiology, radiology and critical care market segments. Clinical is a Murray, Utah-based designer […]
H.I.G. Capital has recapitalized Augusta Lumber Co., a Waynesboro, Va.-based supplier of hardwood logs, lumber and flooring. No financial terms were disclosed for the deal, which was done in partnership with company management. www.higcapital.com
SPG Partners has acquired and capitalized Continental Environmental Redevelopment Financial LLC, which provides access to debt financing for the development of brownfield properties. The deal will enable CERF to originate in excess of $500 million in loans, with other equity backers including Citigroup Global Markets and Credit Suisse.
Summit Partners has acquired a minority stake in Dedon GmbH, a Germany-based luxury outdoor furniture company. No financial terms were disclosed. www.summitpartners.com
Biomet Inc. (Nasdaq: BMET), a Warsaw, Ind.
Industrial Opportunity Partners of Chicago has acquired the assets of Center Manufacturing Inc., a Byron Center, Mich.
Primary Capital has sponsored a Gbp17.5 million refinancing for portfolio company Yo Sushi, a UK-based Japanese conveyor-belt restaurant brand. No financial terms were disclosed. www.primaryeurope.com