Global private equity and venture capital news and research

Irving Place eyes PlayCore exit

30 May 2014

exitPrivate equity firm Irving Place Capital is reportedly looking to exit play and recreation products maker PlayCore after a holding period of more than seven years.

Irving Place has hired Baird to advise on the sale and Sentinel Capital Partners has already received federal antitrust clearance to acquire the company, said PeHUB.

The firm invested in PlayCore from its $2.7bn third fund in February 2007 when it was known as Bear Stearns Merchant Banking.

Irving Place’s recent exits include the sale of metal cutting, gas control, and specialty welding products maker Victor Technologies to Colfax Corporation in February this year.

The firm received a return of more than three times from that deal.

Last year Irving and peer Oaktree exited paperboard packaging company Chesapeake to Carlyle.

Copyright © 2014 AltAssets

Legals & Terms of UsePrivacy Policy

AltAssets is registered as a trademark of Investor Networks Limited (06695690).
Registered Office: WeWork 4001, 1 Fore Street, London, EC2Y 5EJ
Content is © AltAssets 2000-2016