The private equity business of Goldman Sachs Asset Management and Charlesbank Capital Partners entered into a definitive agreement to acquire majority ownership of MDVIP from Leonard Green & Partners and Summit Partners.
Charlesbank Capital Partners acquired the assets of The Rockport Group in a 363 asset sale. The Newtown, MA-based shoemaker filed Chapter 11 in July with $60 million DIP financing agented by Citizens Bank.
Charlesbank Capital Partners and M/C Partners announced the closing of the acquisition of the IT outsourcing business of Acxiom. Webster’s TMT practice provided financing for the transaction.
PNC announced the closing of a $50 million ABL for United Road Services, a portfolio company of Charlesbank Capital Partners. The company is using the funds to acquire Waggoner Trucking’s auto transport division.