Middle-Market M&A Bounced Back in October
Sensata’s $1B purchase of Schrader International, which makes tire-pressure monitors, from Madison Dearborn was the biggest middle-market deal to close in October

Finance Finesse

Golub Grows Tech Lending Unit
A burst of growth from technology companies is behind the decision to expand the late-stage-lending unit, says Golub’s Andy Steuerman


GPs Co-Invest with Limited Partners
Financial sponsors call on limited partners to help round out equity commitments, says Christina Carroll of Stout Risius Ross

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Peg McGlinch

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In the news: People Moves of the Week: Angelo Gordon, FFL, Manatt Phelps & Phillips



Mergers & Acquisitions, Latest News

HealthSouth Buys Cressey-Backed Encompass Home Health for $750M

– The deal allows the buyer, which owns inpatient rehab facilities, to enter the home-care market

Silver Oak Invests in Gym Chain Vasa Fitness

– The deal follows the acquisition of 24 Hour Fitness in June

People Moves of the Week: Hoberman, Platinum Equity, KeyBanc

– Lori Hoberman launches law firm; Platinum names new head of global business development; KeyBanc hires Jeff Geuther and Larry Ellis as managing directors

Speed Commerce Pays $55M to Add More E-Commerce Capabilities

– Recent e-commerce investments include Sterling Partners' deal for Innotrac and Siris Capital's purchase of Digital River

3D Systems Makes $97M Software Acquisition

– MakerBot and Riverside have also made recent 3D printing purchases

RenaissanceRe to Buy Platinum Underwriters for $1.9B

– Reinsurers have been seeking to combine to diversify risk and appeal to customers and intermediaries who are increasingly turning to hedge funds that are betting on the industry

Mezzanine Lenders Look to Asia Pacific

– While there's some pressure on pricing, there is plenty of opportunity, says Nadim Malik of Sutton Place Strategies

The Weekly Wrap: Sentinel, Shutterfly, Arcus

– Sentinel Capital buys RotoMetrics; Shutterfly picks up Groovebook; Arcus acquires Dead Down Wind

5 Companies for Sale

– See which companies have recently hit the auction block, including KMCO and PrimeSource Building Products

Latest PE Fundraising Efforts

– See which private equity firms have been raising capital, including Brazos, TPG Art and Valero Capital

Advent Adds to Better-For-You Food M&A with Noosa Yoghurt

– The move follows healthy-food acquisitions by Snow Phipps, which bought Teasdale Foods; and Chaucer, which bought Crunchies

Blackstone to Acquire Japan Apartments for $1.61B

– International buyers have been flocking to Japan’s residential market after Prime Minister Shinzo Abe took office in 2012 with a pledge to end the deflation that’s depressed real estate prices. Pictured: Blackstone COO Tony James

Vista Equity Demonstrates PE Interest in Software with Navex Acquisition

– The deal marks an exit for the Riverside Co., which started building Navex in 2010

Securian Financial Grabs Majority Interest in Asset Allocation

– Ares and Legg Mason have also acquired asset managers recently

ECMC Pays $24M to Buy Campuses from Struggling Corinthian Colleges

– The seller is under investigation from the U.S. Department of Education regarding allegations over student attendance and manipulation of grade records

Apellis Pharma Buys Macular Degeneration Drug

– Aegerion Pharma and Warburg Pincus have also invested in pharmaceuticals recently

W.R. Grace Grabs Rest of Turkish Construction JV

– The construction chemicals company has also acquired a unit of Dow chemical and Noblestar Catalysts business

Frothy Market Puts Pressure on Private Equity Firms

– LRR's Christian Bullitt says current challenges facing PE may spill over into 2015

Graham Media Buys SocialNewsDesk

– The target provides social media-management software to newsrooms

Peak Rock Grabs Main Steel Polishing

– The deal comes after the firm picked up RCR International and closed its debut fund with $700M

One Rock Picks Up PE-Backed Airxcel

– The deal marks an exit for Bruckmann Rosser Sherrill, which has owned the target since 2005

Retail Reboot: Investors Snatch Up E-Commerce Services

– Sterling Partners is just one of several PE firms capitalizing on the rise of e-commerce, picking up Innotrac, which provides services to J. Crew, Zara and other retailers

Turnaround Tuesday: Owner of Troubled Las Vegas Hard Rock Hotel & Casino in Talks with Lender

– If Bref HR misses the Dec. 15 due date, it may have to repay the full $997.5M loan or face the hotel’s foreclosure

Lee Equity Adds LDM to PDR, Creates Health Care Communications Network

– Health care-focused lender and Lee Equity portfolio company MidCap provided a loan to help fund the deal

Distressed Company Watch List

– See which companies have recently indicated doubt about continuing as going concerns in SEC filings, including Bref HR, Coates International and Verso Paper

Sentinel Capital Continues Focus on Specialty Industrial Companies with Purchase of RotoMetrics

– The deal follows the firm’s exit of Chase Doors and acquisition of Hollander Sleep Products

Moelis Founder Poised to Sell $59.2M of Stock in Offering

– Moelis & Co. CEO Ken Moelis, who took the advisory firm public in April, is preparing to sell 1.73 million shares held by family trust

Retailers Reconsider Real Estate

– The rise of e-commerce drives some retailers, such as Coldwater Creek, to file for bankruptcy to break leases

People Moves of the Week: MorrisAnderson, Duff & Phelps, Grant Thornton

– MorrisAnderson hires restructuring specialist; Duff & Phelps gets a new managing director; Grant Thornton taps Greg Chin for Boston office

Bregal Partners Forms Archery Company, Makes Acquisition

– The company, Arcus Hunting, acquired scent-control brand Dead Down Wind

Shutterfly Snags GrooveBook After Cameo on “Shark Tank”

– The deal follows Shutterfly's acquisitions of MyPublisher and ThisLife

Actavis to Buy Allergan for $66B, Topping Valeant’s Bid

– Alelrgan has avoided a hostile takeover from Valeant Pharmaceuticals

Riverside Invests in 3D Printing Group Fisher/Unitech

– The move follows a 3D printing software acquisition by MakerBot

Halliburton Agrees to Buy Baker Hughes for $34.6B

– Halliburton eliminates one of its chief rivals in the merger at a time when falling oil prices have plunged the industry into a downturn

Dealmakers Have High Hopes for Retail M&A During Holiday Season

– M&A in consumer goods and retail will outpace activity in the overall market in the short term, say survey participants