Posts by balmoral

Balmoral Funds LLC is pleased to announce the closing of our Special Situations Fund III with $230 million of committed capital. This new fund allows Balmoral to continue to partner with experienced management teams and operators to help lead their companies through complex or challenging circumstances. Balmoral Funds, which was recognized by M&A Advisor as 2018…

Santa Monica private equity firm Balmoral Funds and senior managers of Vesta Modular, a provider of rentable modular buildings, purchased the ownership interests of the Birmingham, Mich.-based company’s initial investors. Terms of the transaction were not disclosed. Billy Hall, Vesta’s chief operating officer, said that the Balmoral and management buyout of Vesta’s outstanding ownership of…

MINNEAPOLIS–(BUSINESS WIRE)–Polaris Industries Inc. (NYSE: PII) (“Polaris”) announced today that it has signed a definitive agreement to acquire Boat Holdings, LLC (“Boat Holdings”), a boat manufacturer owned by the Vogel family, management and Balmoral Funds, in an all-cash transaction valued at a net present value (NPV) of approximately $805 million. Polaris also expects that approximately…

Los Angeles / April 2018 – Balmoral Funds is pleased to announce the sale of GUND to Spin Master (TSX:TOY), a leading global children’s entertainment company. GUND was a division of Balmoral’s portfolio company Enesco LLC, and is the oldest soft toy brand in the United States. The transaction closed on April 1, 2018. Established in 1898,…

East West Bank announced that it served as Lead Bank and Administrative Agent for a three-year, $50 million fully conforming ABL revolving line of credit. iGPS Logistics LLC used the facility to refinance its previously existing debt and fund the Company’s working capital and capital expenditure needs (primarily growth of its pallet fleet). Headquartered in Orlando,…

Los Angeles, CA – April 28, 2017 – Balmoral Funds LLC (“Balmoral”), a leading lower-middle-market private equity firm, announced that a newly-formed entity, together with affiliates (“MOOYAH,” or the “Company”), has acquired substantially all of the assets of MOOYAH Holdings, LLC and its subsidiaries in partnership with  Anand Gala, a 30 year restaurant industry veteran,…

Los Angeles – December 2015 – Balmoral Funds, a private equity fund based in Los Angeles, has agreed to form a partnership and make an investment in Silver Aero, a privately held company that sells and leases aftermarket aircraft engines, airframes and their associated parts. The partnership sets the groundwork for future investments between Balmoral…

Pontoon manufacturer Bennington Marine announced today that it completed the acquisition of the brands and certain assets of Nautic Global Group LLC and is assuring dealers and customers that all of the brands will continue to function independently. Terms of the deal were not disclosed. The brands Bennington acquired — Godfrey pontoon boats (which includes…