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t ransact ions


FINAL CLOSING OF BOwSIDE CAPITAL FUND


I, L.P. Bowside Capital has announced the recent final closing of Bowside Capital Fund I, L.P., a fund of funds and co-investments specializing in the U.S. private equity, small capitalization market. Unique in its focus, Bowside Capital invests in, and co-invests with, U.S. private equity funds with targeted capital commitments of $100 million or less. "We formed the Fund to address the


significant opportunity for value creation that exists in this segment of the market, a segment that should be an important part of any alternative investment allocation," said Managing Partner Christian Albert. "Considering the current challenging fundraising environment, it is notable that we are one of the few funds that did not extend its fundraising period last year," he added. Albert continued: "We have an investor


group that recognizes the role transaction size can play in return rates and who believes in the compelling characteristics of the Fund. A fund split 50-50 between fund investments and co-investments can have the same economics as that of a primary fund - with the additional benefits of manager identification and selection, diversification, and aggregation." The Fund's investors include senior


executives of leading private equity and financial firms. Bowside Capital has already completed


several investments from the Fund including commitments to investment affiliates of Azalea Capital, Guardian Capital Partners, Hadley Capital and Hastings Equity, plus a co-investment with Guardian Capital in the acquisition of Sure Fit, Inc. fi


GLENCOE CAPITAL ACQUIRES CAMPBELL


GRINDER Glencoe Capital LLC, a private equity firm focused on control acquisitions and growth equity investments in lower middle-market companies, has announced that its Glencoe Capital Michigan Opportunities Fund has acquired Campbell Grinder Company, a manufacturer and provider of high-precision grinding machines, state-of-the-art ‘green’ filtration systems, and custom design, process optimization, and employee training services. Incorporated in 1969, Campbell Grinder


employs 78 people at its manufacturing facility headquartered in Spring Lake, Michigan, USA. Glencoe Capital's Michigan Opportunities Fund is a $150 million private equity fund that invests in lower middle market companies that conduct a material portion of their business in the State of Michigan or in companies located outside Michigan that demonstrate a viable strategy for expanding business operations into the state. The fund targets transaction values between $15 to $75 million. Mark Lorencz, Campbell Grinder's


president and CEO, said, "We are delighted to be joining forces with Glencoe Capital, a private equity investor with a depth of operating experience in Michigan. Our new sponsor will support our company with the financial expertise necessary to help us grow and expand our product offerings to other sectors and strengthen our services to our existing customer base." Campbell Grinder's management team


retains a significant ownership position in the newly recapitalized company. Blue Diamond International represented,


initiated and advised the Campbell Grinder shareholders throughout this transaction. Blue Diamond International's Chief Executive Officer, Mark D. Telego, was the firm's lead individual in working with Campbell Grinder Co. fi


visit www.finance-monthly.com


EASyVOyAGE GROUP ACQUIRES DEAL ChECkER


AND TRAVELJUNGLE EasyVoyage, Europe's second largest travel portal, has acquired leading Uk price comparison and travel deals website, dealchecker.co.uk, as well as top German price comparison website, TravelJungle, in a major expansion move that strengthens EasyVoyage's position as a top travel eferral website. Easyvoyage.co.uk now ranks as the seventh largest travel portal and the fourth largest travel comparison website in the Uk. Created in 2005 by Alex Saint, Troy Collins


and Andrew Bredon, dealchecker.co.uk has grown rapidly to become one of the UK's most successful online travel companies. Its website offers search engines for flights, hotels, holiday packages and car hire. The company also provides a weekly selection of great, hand-picked travel offers known as Real Deals - to its one million newsletter subscribers. TravelJungle operates in Germany,


France and the UK, and online e-marketing agency FSI, which manages four million active subscribers. As a result of these acquisitions, which


total just over 10 million Euros, in 2011 EasyVoyage estimates that it will generate 800 million Euros worth of travel sales for its clients. Founded in June 2000 by Jean Pierre


Nadir, EasyVoyage is a travel portal offering editorial content, price comparison, hotel reviews, travel deals and a community forum. The group covers the five main European markets; France, UK, Germany, Spain and Italy, and has 3.4 million unique users per month - an average of 10 million unique users annually. EasyVoyage also has eight million active newsletter subscribers in Europe, boasting the largest number of newsletter subscribers for a travel portal in Europe. fi 


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