CLEVELAND, OH, September 1, 2010 – Novolyte Technologies, a world leading manufacturer and supplier of specialty electrolyte materials for lithium ion battery and energy storage applications, high performance solvents and other specialty chemicals, today announced that is has signed a definitive agreement with Foosung Co., Ltd., a leading global producer of specialty lithium salts for lithium batteries, to form a new joint venture platform that will create an integrated global producer of lithium battery electrolytes, a key component in the rapidly growing market for lithium batteries...
NEW YORK, August 19, 2010 – Arsenal Capital Partners, a leading New York-based private equity firm, announced that it has partnered with fixed income industry veterans Levent Kahraman and Dan Goldman to launch KGS-Alpha Capital Markets LP. KGS-Alpha is a New York-based institutional fixed income broker-dealer, focusing on mortgage-backed, asset-backed, and agency debt securities.
KGS-Alpha has been formed by a team of industry veterans led by CEO Levent Kahraman and President Daniel Goldman. Mr. Kahraman’s expertise includes 15 years at Salomon...
NEW YORK, June 21, 2010 – Arsenal Capital Partners, a leading New York-based private equity firm that invests in middle market specialty industrial, healthcare and financial services companies, today announced it has completed the sale of portfolio company IDQ Holdings, Inc. to Castle Harlan, Inc. for approximately $170 million. The sale of IDQ, which is expected to return in excess of 8x invested capital, follows Arsenal’s April 2010 sale of Genovique Specialties Corporation which returned to investors 12x invested capital, and continues Arsenal’s...
NEW YORK, May 3, 2010 – Arsenal Capital Partners, a leading New York-based private equity firm that invests in middle market specialty industrial, healthcare and financial services companies, continued its significant momentum in 2010 with the completion of its previously announced sale of portfolio company Genovique Specialties Corporation, a leading global provider of benzoate plasticizers, to Eastman Chemical Company (NYSE: EMN). The sale of Genovique returned in excess of 12x invested capital to investors.
Tim Zappala, Chairman of Genovique,...
BRENTWOOD, TN - March 19, 2010 – FrontStream Payments, Inc., a national provider of payment solutions, today announced the acquisition of Fast Transact, Inc., a leading provider of innovative payment processing solutions for e-commerce and physical points of sale. The acquisition was funded through an investment by Arsenal Capital Partners.
"The acquisition of Fast Transact strengthens FrontStream's approach of providing customers with unique, high value payment products. Fast Transact's secure, integrated payment solutions and its experienced management...