Private equity firm Avista Capital Holdings LP completed the acquisition of GCM Holding Corp. from May River Capital LLC, a Chicago-based private equity firm.
Financial terms of the deal were not disclosed.
Union City, Calif.-based GCM Holding manufactures high-precision components and assemblies.
Seamus Meagher will continue to serve as GCM Holding's president.
Paul Hastings LLP served as legal adviser and William Blair & Co. LLC acted as financial adviser to GCM Holding. Ropes & Gray LLP acted as legal adviser to Avista Capital Partners.
Varagon Capital Partners served as administrative agent, lead arranger and book runner on a $75 million unitranche credit facility to support Avista's acquisition of GCM.
