Some say it’s “in the air.” In a recent New Yorker article by that name (The New Yorker, May 12th, 2008), Malcolm Gladwell reports that numerous inventions were actually simultaneously contemplated in parallel, but unknown to each other, undertakings. Other inventions were under-discovered until the right champion came along. In a far [...]

Riverside Partners, based in Boston, MA, is pleased to announce that it has partnered with management to acquire Innovative Product Achievements (“IPA” or the “Company”).
IPA designs and manufactures automated surgical scrub and linen distribution systems sold into leading hospitals and ambulatory surgery centers.  The Company is widely viewed as the market leader.  Its products are [...]

by Larry Blumsack, President, Zoka Institute
Larry guest blogs a You Should Have Been There column for ACG Boston
“Cash is King” for Michael Psaros, Co-Founder and Managing Partner of KPS Capital Partners, whose firm focuses on investing in restructurings, turnarounds, bankruptcies, underperforming and other special situation. He pulled no punches at the May 15th DealMakers Breakfast, [...]

PNC announced a $20.9 million senior secured financing package to Nelson & Associates Interior Design, a Philadelphia-based international architecture, interior design, strategies, workplace services, engineering, and information services firm.
The credit package included a $15 million revolving loan, a term loan up to $4.1 million and an additional term overadvance in maximum amount of $1.75 million.  [...]

Announcing an upcoming event that will be both fun and charitable: peHUB will be in Boston on June 13. Join Dan Primack for an evening of drinks and networking with the city’s top private equity and venture capital investors. It’s the final stop on the peHUB Accross America tour, so they’re doing it in [...]

By Dan Logan, Trinity Communications
The world of mass media is in chaos. Newspaper circulation is nose-diving. Many television ads get TiVo’ed into oblivion. So, where should you advertise? How should you reach new customers?
The good news is that there’s no “right” way to do this anymore. You get to chart your [...]

Fifth Street Finance Corp. (“Fifth Street”) is pleased to announce that it has invested $6.5 million alongside Marwit Capital Partners (“Marwit” or the “Sponsor”) to support three follow-on acquisitions for Marwit’s portfolio companies, Traffic Control and Safety Corporation (“TCSC”) and Best Vinyl, Inc. (“Best Vinyl”).
Fifth Street provided $4.5 million of second lien notes to support [...]

It used to be that “You can bank on it” was synonymous with “It’s a sure thing!” Now in the financial sector climate of fear, dismal fear and abject fear, a news headline involving a bank of any kind usually portends a write-off of some amount hitherto unimaginable.  The Deal reports in Barbarians at the [...]

by Larry Blumsack, President, Zoka Institute
Larry guest blogs a You Should Have Been There column for ACG Boston.
Great view! Great food and drink! Great night for networking with 400 attendees at ACG Boston’s Spring Networking Night on May 1 at the InterContinental Boston hotel. You should have been there.
Pure networking with no pretense is the [...]

Heritage Partners, the leading private equity firm focused on family/founder owned businesses, jointly with Black Canyon Capital and Saunders’ management team, announced the completed recapitalization of Saunders & Associates, Inc. The investment was structured as a Heritage Private IPO®, allowing Saunders’ management to cash out certain founding shareholders while providing ongoing management with personal liquidity, [...]