JLL Partners and American Dental Partners announced that JLL, through its affiliated entities, completed its acquisition of the company. JLL has secured committed debt financing from KeyBank, CIT Healthcare and NXT Capital to finance the acquisition.
Audax Group has completed the sale of A-D Technologies to CHS Private Equity V, a fund managed by CHS Capital. Audax formed A-D Technologies in March 2007 through the simultaneous acquisitions and merger of ARNCO and Dura-Line.
H.I.G. Capital has completed the sale of Service Net to Chartis U.S., a wholly owned subsidiary of American International Group. H.I.G. Capital completed the transaction in partnership with Bayside Capital.
Wells Fargo & Company announced that Wells Fargo Bank has completed its acquisition of Burdale Financial Holdings Limited and the portfolio of Burdale Capital Finance from Bank of Ireland. The transaction, officially announced on December 19, 2011, closed on February 1.
Lightyear Capital announced that an affiliated investment fund has acquired Paradigm Acquisition, a provider of outsourced catastrophic workers’ compensation case management services for insurance companies and self-insured employers. Harris Williams & Co. acted as an advisor to Paradigm.