The Riverside Co., a private equity firm investing in small- and middle-market businesses, is selling portfolio company Selig Sealing Products to Behrman Capital, another private equity firm, for $100 million, said David Lilly, a spokesman for Behrman Capital.
This is the second exit from Riverside's RCAF 2000 Fund, in which the $49 billion Oregon Public Employees Retirement Fund, Salem, is an investor. Behrman Capital bought the company with money from Behrman Capital III, in which $4.3 billion Philadelphia Municipal Pension Fund and $182.8 billion California Public Employees' Retirement System, Sacramento, are investors.
