Michael Schoeck
Freddy’s is expected to be marketed on a double-digit multiple for the $50 million to $60 million EBITDA franchise business.
LongRange Capital agrees to acquire diamond cutting firm US Synthetic.
Greenbriar and Audax are expected to put Alliance Ground International on the block soon.
Audax, Greenbriar, Equity Group Investments and Balmoral Funds are among the firms that may sell a third-party logistics or transport service provider in the coming months.
The lower mid-market private equity sponsor tested the market on two occasions over the last year for the submersible pumps manufacturer.
Taking a look at a Graham Partners-backed technology company that is pursuing a continuation vehicle funding after running a sale process; a new mid-market GP stakes investor formed by a former Goldman Sachs managing director; Bain Capital is acquiring a global injection molding and plastic extrusions company.
Jefferies launched the recap process in early January for PCI Pharma, which generates $500m of EBITDA.
Bain picks up Frontline Road Safety from Sterling.
More gas-fired power deals are expected, with potential PE sellers including Avenue Capital, ArcLight Capital and LS Power.
One Equity Partners recently acquired EthosEnergy from John Wood Group and Siemens.