June 2013 KAR Auction Services Inc. (NYSE:KAR), has acquired Preferred Warranties, Inc. (“Preferred Warranties”), a vehicle service contract company, from Harbert Private Equity Fund II, LLC, Northstar Mezzanine Partners IV L.P. and management. Terms of the transaction were not disclosed. Preferred Warranties markets vehicle service contracts through independent dealers of used vehicles in 2,200 locations in fifteen Mid-Atlantic, Midwestern and Southern states. KAR believes the acquisition of PWI will strengthen its offering to independent dealers, and that Preferred Warranties’ products will be enhanced as a result of being backed by KAR’s financial strength and … [Read more...]
Colonnade Advises Dent-A-Med on its Sale to Harbert Private Equity Fund and Cambridge Place Investment Management
December 2006 Affiliates of Harbert Management Corporation and funds managed by Cambridge Place Investment Management LLP have acquired a majority equity interest in Dent-A-Med, Inc. Dent-A-Med, based in Springdale AR, offers private label credit card financing for consumer purchases of health care services and home health care products. Colonnade Advisors LLC represented Dent-A-Med in this transaction. Terms were not disclosed. Harbert Management Corporation is an investment management firm serving foundations and endowments, funds of funds, pension funds, financial institutions, insurance companies, family offices and high net worth individuals across multiple asset classes, including … [Read more...]