PE Weekly: M&A Spans Biopharmaceuticals, Consumer Products and More
Investors targeted a variety of industries this week
M&A activity spanned a variety of sectors this week, from biopharmaceuticals to consumer products to the services space. Read up on the latest transactions below.
Platform Investments and Acquisitions
Trilantic North America Acquires SOFIE Biosciences. Trilantic North America, a middle-market private equity firm, announced it has made a growth investment in SOFIE Biosciences, a radiopharmacy and contract development and manufacturing business. Backing from Trilantic will support growth initiatives including expanding its manufacturing capacity and broadening patient access to its radiopharmaceucial products.
Banyan Capital Acquires AV Company Stagevision. Banyan Capital Partners, a middle-market private equity firm based in Canada, announced its acquisition of audiovisual, staging and event management company Stagevision. The investment is Banyan’s third platform acquisition via its Banyan Committed Capital investment vehicle, which launched in December of 2021.
Rockbridge Makes Majority Investment in Vici Media. Rockbridge Growth Equity, a middle-market private equity firm, announced it made a majority growth investment in Vici Media, a provider of digital marketing and advertising solutions. The investment creates a new Rockbridge digital media platform, which Rockbridge will look to expand via add-on investments.
Turnspire Capital Acquires Manufacturing Company Swanson Industries. Turnspire Capital Partners announced this week its acquisition of Swanson Industries, a manufacturer and distribution service provider of mining equipment, hydraulic cylinders and other industrial equipment in the U.S. The investment also includes Swanson’s majority stake in Tiefenback North America, a provider of highly engineered hydraulic controls for the mining, energy and industrial spaces.
Add-Ons
Unity Partners’ NDH Acquires McGowan Guntermann. NDH Advisors, an accounting business backed by private equity firm Unity Partners, announced its acquisition of tax and accounting firm McGowan Guntermann. In a statement, NDH CEO and cofounder Jeremy Dubow pointed to the two firms’ client and service areas as complementary, and noted their company cultures are “well aligned.”
Stone-Goff’s JSI Acquires Inteserra. Consulting firm JSI, a portfolio company of lower middle-market private equity firm Stone-Goff Partners, has acquired Inteserra, a telecommunications compliance and advisory firm. The investment broadens JSI’s presence in the telecommunications consulting space; the company already operates across the financial, engineering, management and regulatory spaces.
Blue Point Capital’s Sylvan Acquires Anchor Conveyor Products. Sylvan Group, an industrial pipe installation provider and portfolio company of private equity firm Blue Point Capital Partners, has acquired Anchor Conveyor Products. Anchor is an engineering and fabrication contractor targeting industrial conveyor systems. Blue Point first acquired Sylvan in 2018.
Strategics
TheraIce Acquires Headache Hat. TheraIce, an innovator in cold compression therapy, has announced its acquisition of Headache Hat, a cold therapy brand. The investment expands TheraIce’s product portfolio and will support further product development and innovation, a press release sent to Middle Market Growth said.
Exits
York Capital Exits Renuity to Greenbriar Equity. Greenbriar Equity Partners, a middle-market private equity firm focused on the services and manufacturing spaces, has acquired Renuity, a tech-enabled home services platform. Renuity was previously a portfolio company of York Private Equity, the private investment arm of York Capital Management.
Fundraising
MFG Partners Closes Inaugural PE Fund. MFG Partners, a private equity firm focused on the lower-middle market, announced this week the close of its inaugural fund. Fund I was oversubscribed with more than $299 million in capital commitments. A press release said the fund will target investments in the manufacturing, distribution and industrial services sectors.
Insights
The O’Neil Group, Bow River Capital Pair for U.S. Defense Investments. The O’Neil Group, a single-family office, is partnering with private alternative asset management company Bow River Capital to form One Bow River Advisers. The new entity combines the capital formation and fund management experience of Bow River with the experience in national defense of the O’Neil Group’s ONE Funds, which exclusively invests in the defense sector.
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