PNC Riverarch Capital acquired a controlling interest in Precision Aviation Group, a provider of aviation maintenance, repair and overhaul services. Fifth Third Bank provided senior debt and BB&T Capital Partners Mezzanine provided subordinated debt for the transaction.
Babson Capital Management announced it provided subordinated debt and equity to support One Rock Capital Partners
The M&A Advisor announced the winners of the 2012 M&A Advisor Awards on December 11, 2012 at the 11th Annual M&A Advisor Awards.
The Fuller Brush Company has sold its consumer assets to Victory Park Capital and its non-consumer assets to Innovative Livestock Services. FocalPoint Securities served as exclusive investment banker to Fuller and marketed the assets to prospective buyers.
Solar Capital announced that it has entered into a definitive agreement, with SSP Energy, Quartz Managers and Quantum Strategic Partners to acquire Crystal Capital Financial Holdings, a commercial finance company focused on providing asset-based and other secured financing solutions.
Nautic Partners completed the sale of Aavid Thermalloy to an investor group led by Audax Private Equity. The terms of the transaction were not disclosed.
The OCC said it has conditionally approved the application by GE Capital Retail Bank to acquire the retail deposit platform and a single retail deposit-taking office from MetLife Bank, Bridgewater, NJ.
Harris Williams & Co. acted as the exclusive financial advisor to Pipp Mobile Storage Systems in its sale to Novacap Industries. Pipp was previously a portfolio company of a private equity fund managed by Prospect Partners.
TNS entered into a definitive merger agreement to be acquired by an investor group led by Siris Capital Group in a transaction valued at approximately $862 million. The debt financing will be arranged by SunTrust Robinson Humphrey and Macquarie Capital. Upon completion of the acquisition, TNS will become a private company.
The Riverside Company has partnered with Hicks Equity Partners and Weinberg Capital Group to acquire Overton Chicago Gear Corporation. PNC Business Credit and Babson Capital provided the financing.