Fairmount Partners – News for October 2015

Fairmount Partners completed these new deals for our clients: 

  • Represented GoodWest Industries, Inc., one of the leading providers of foodservice dispensing solutions, in the significant investment by Palladium Equity Partners, LLC, a private investment firm with over $2.0 billion in assets under management, in partnership with GoodWest management. Headquartered in Warminster, PA, GoodWest manufacturers shelf-stable, 100% natural, products that require no refrigeration until opening.


  •  Represented CRP Industries Inc., a leader in automotive parts and industrial products, in its acquisition of Atlantic Automotive Enterprises (AAE), a steering systems manufacturer specializing in new and remanufactured steering racks, power steering pumps, gear boxes, and related electric components. AAE will function as a wholly owned subsidiary of CRP Industries Inc. and operate independently out of its 125,000 sq. ft. headquarters and manufacturing facility in Tabor City, NC.


  • Represented Powdersize, a company specializing in milling, micronization and powder size classification within the pharmaceutical industry, in the arrangement of a structured cash investment and operating partnership with Xcelience, a contract development and manufacturing organization (CDMO).


  • Represented MELA Sciences (NASDAQ: MELA), in its purchase of the XTRAC and VTRAC Dermatology business from PhotoMedex (NASDAQ PHMD) for $42.5 million in cash and the assumption of certain business-related liabilities. MELA Sciences is a medical technology company dedicated to designing and developing innovative software-driven technology for the clinical early detection and prevention of skin cancer. PhotoMedex is a global skin health company providing aesthetic solutions to dermatologists, professional aestheticians and consumers.

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