RED HOOK CAPITAL UPDATE:
Red Hook Capital continues to look at investing in EBITDA positive deals and provide several referrals to other firms. Our portfolio company The Morris Team is looking for great 1031 exchange deals for clients ( contact: JD.Morris@KW.com for real estate and deals@RedHookCapital.com for EBITDA deals ).
DEALS THAT CLOSED:
- Bridge ( www.bridge.sg )a social investment group focused on the rural Philippines, has launched with $24 million in equity funding from Accion, Bamboo Finance, DEG, FMO and chairman Paul Kocourek.
- Energy Capital Partners (www.ecpartners.com/ ) has agreed to acquire three merchant generation power stations fromDominion (NYSE: D). No financial terms were disclosed. The stations are in Illinois and Massachusetts.www.dom.com
- Equistone Partners Europe (www.equistonepe.com ) has acquired a majority stake in Bretèche Industrie Group, a France-based provider of manufacturing and production equipment for the agro-food, pharmaceutical and cosmetics industries. The seller was Azulis Capital, while Céréa Capital co-invested alongside Equistone. No financial terms were disclosed. www.breteche.com
- Heart to Heart Hospice, ( www.hearttohearthospice.com ) a Plano, Texas-based provider of hospice care, has secured a minority equity investment from Summit Partners.
- Hostess Brands (www.hostess.com ) formally announced that it would sell its snack cake business, including Twinkies, toApollo Global Management and C. Dean Metropoulos. The two firms had previously been named “stalking horse” bidders, and Hostess says it did not receive any subsequent offers.
- Source Refrigeration & HVAC (www.sourcerefrigeration.com ) a portfolio company of Arsenal Capital Partners, has acquired TP Electrical, a White, Ga.-based provider of electrical and EMS contracting to commercial clients in the Southeastern United States.
- Thomsons Online Benefits Ltd. ( www.vss.com ) a provider of SaaS-based benefit and pension administration, workflow and reporting solutions, has raised an undisclosed amount of private equity funding from Veronis Suhler Stevenson.
- TPG Capital ( www.tpg.com )has won the auction for Australian poultry producer Inghams Enterprises at an enterprise value reported to be between A$900 million and $1 billion. TPG beats out The Blackstone Group, in a process managed by Investec Bank. www.inghams.com.au
- TripWire (www.tripwire.com) , a provider of IT security and compliance automation software, has acquired nCircle, a San Francisco-based provider of information risk and security performance management solutions. No financial terms were disclosed. TripWire is owned by Thoma Bravo, while nCircle raised VC funding from such firms as Alta Partners, JK&B Capital, Guide Ventures and Menlo Ventures.
- W.H. Smith Co. (www.whsmithco.com )a maker of hose assemblies and other products for the U.S. Department of Defense and commercial clients, has acquired the IP and select assets of LaBargeProducts Inc., a St. Louis-based maker of critical systems and components for expeditionary military operations. No financial terms were disclosed. W.H. Smith is a portfolio company of JWI Capital
Information provide by Associated Press, CB Insight, Crunchbase, Forbes, Market Watch, Rueters, and other sources. Please check company website for best information.
Contact Red Hook Capital about board of advisor, board of director, consulting, valuations, 1031 exchanges, and other service at INFO@RedHookCapital.com for more detail.
Happy Investing & Networking,
JD Morris
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