Gauge Capital recaps TVC :
Gauge Capital has recapitalized Oklahoma City-based TVC Enterprises, a provider of legal services to commercial truck drivers. No financial terms were disclosed for the transaction that was done in partnership with TVC's owners and management team. In conjunction with the transaction, As part of the investment, Tom McKelvey, James Jackson and Reid Barnett from Gauge Capital have joined the board of directors.
Gryphon buys skincare brand RoC :
Gryphon Investors has acquired New York City-based RoC, an anti-aging skincare brand from Johnson & Johnson Consumer Inc. No financial terms were disclosed. Sawaya Partners LLC was financial adviser to Johnson & Johnson on the transaction while Luc-Henry Rousselle at LSH Partners did likewise for Gryphon.
Ardian invests in Optimind :
Ardian has made an investment in Paris-based Optimind, a consulting firm. No financial terms were disclosed; although Optimind said the Ardian investment was part of a fundraising round that totaled 25 million in euros.
Arconic says no longer pursuing potential sale; shares tank: Reuters :
Arconic (ARNC.N) said on Tuesday it was no longer pursuing a sale of the company, after media reports said a private equity firm was looking to buy the company for more than $10 billion, sending its shares down 27 percent before the bell.
PSP Investments and Stone Point back Alliant :
Newport Beach, California-based Alliant Insurance Services, an insurance broker, has secured an undisclosed amount of funding. The investors were Public Sector Pension Investment Board and Stone Point Capital LLC. As a result of the transaction, Stone Point will remain Alliant's largest shareholder while the company's management and producers will continue to own the majority of the firm.
San Francisco Equity Partners invests in jane iredale :
San Francisco Equity Partners said Jan. 22 that acquired a majority stake in jane iredale. Financial terms weren’t announced. Jane iredale, of Great Barrington, Massachussetts, is a makeup and skincare company. Sage Group provided financial advice to jane iredale.
SFEP takes majority stake in beauty brand Jane Iredale :
San Francisco Equity Partners has acquired a majority stake in Great Barrington, Massachusetts-based Jane Iredale, a makeup and skincare company. No financial terms were disclosed. The Sage Group served as financial adviser to Jane Iredale on the transaction.
Apollo nears $3.8 billion-plus deal for packaging group RPC: WSJ :
Private equity company Apollo Global Management (APO.N) is in advanced talks to buy Europe’s biggest plastics packaging maker RPC Group (RPC.L) for more than $3.8 billion, the Wall Street Journal reported on Monday.
Private equity firms circling Nestle’s skin health business, say sources: Reuters :
Private equity firms Cinven and Advent have teamed up to bid in an auction that could value Nestle’s (NESN.S) skin health business at about 7 billion Swiss francs ($7 billion), three sources familiar with the matter said.
France’s Casino sells stores to Fortress, hits asset sales target: Reuters :
Casino (CASP.PA) has agreed to sell 26 stores worth 501 million euros ($567 million) to Fortress Investment Group, the French supermarket retailer said on Monday, fulfilling an assets sale target set out last year as part of plans to reduce its debt.
Calamos Investments to buy Milwaukee investment firm Timpani :
Calamos Investments has agreed to acquire Timpani Capital Management LLC, a Milwaukee-based boutique investment firm. No financial terms were disclosed.
Main Capital exits Axxerion :
Main Capital Partners said Jan. 21 that it sold its majority stake in Axxerion to Nemetschek Group. Financial terms weren’t announced. Axxerion provides software for facility and property management.
Goldman, JP Morgan to advise on Acuris sale: Bloomberg :
BC Partners has hired Goldman Sachs and JP Morgan Chase to advise on the sale of Acuris, the company formerly known as Mergermarket, Bloomberg reported. A sale of Acuris could fetch more than 1 billion pounds ($1.3 billion), the story said.
Private equity suitor Apollo gets more time to make RPC offer: Reuters :
RPC Group (RPC.L), Europe’s biggest plastics packaging maker, said on Friday the deadline for its private equity suitor Apollo Global Management (APO.N) to make a firm offer for the company has been extended to Jan. 23.
Scout24 rejects $5.3 billion takeover offer from private equity: Reuters :
German online classifieds company Scout24 AG (G24n.DE) has rejected a 4.7 billion euro ($5.34 billion) takeover offer from private equity firms Hellman & Friedman and Blackstone (BX.N), potentially paving the way for a bidding war, Reuters reported.
Egis and ABS Capital takes majority stake in ClearObject :
Egis Capital Partners and ABS Capital Partners have acquired a majority stake in ClearObject, an IoT systems integration provider for asset and data intensive industries. No financial terms were disclosed. In conjunction with the funding, E. Perot Bissell and Bill Polk, managing partners at Egis as well as Phil Clough and Ralph Terkowitz, general partners at ABS Capital, will join ClearObject’s board of directors.
Ferrero short-listed for auction of Campbell Soup’s international business, says source: Reuters :
Nutella maker Ferrero has been shortlisted to take part in the second round of Campbell Soup Co’s (CPB.N) auction of its international business, a source told Reuters.
Carlyle, Nomura plan joint bid for beer maker Orion: Nikkei :
U.S.-based private equity firm Carlyle Group (CG.O) and Japan’s biggest investment bank Nomura Holdings Inc (8604.T) are planning a joint takeover bid for beer maker Orion Breweries, the Nikkei reported on Friday.
S.Korean fund to invest $50 mln in Indonesian online marketplace Bukalapak: Reuters :
A fund led by South Korea’s Mirae Asset Daewoo will invest $50 million in Indonesian e-commerce startup Bukalapak, Mirae Asset said on Wednesday.
Lightview invests in Educational Measures :
Lightview Capital has made a "significant" investment in Denver-based Educational Measures LLC, a provider of live event technology focused on audience engagement and associated data and analytics. No financial terms were disclosed. Harbert Management Corporation and Resolute Capital Partners also participated in the transaction while Enterprise Bank & Trust provided a senior line of credit to Educational Measures.
Arsenal Capital buys Accumen :
Arsenal Capital Partners said Jan. 17 that it acquired Accumen Inc from Accretive LLC. Financial terms weren’t announced. Accumen, of San Diego, provides health system performance optimization solutions.
Peppertree commits $300 mln to TowerCo :
Cary, North Carolina-based TowerCo, which builds infrastructure for wireless services providers, has secured $300 million in funding from Peppertree Capital Management. Alpina Capital LLC was financial adviser on the transaction
General Atlantic takes stake in German energy software firm: Reuters :
U.S. investment firm General Atlantic is buying a minority stake in Germany’s Powercloud GmbH, it said on Wednesday, adding it would support the energy software group in its expansion efforts.
1315 Capital buys Biocoat :
1315 Capital has acquired Horsham, Pennsylvania-based Biocoat Inc, a developer of biomaterial coatings for medical devices. No financial terms were disclosed.
Equity38 invests in fitness training provider TRX :
Equity38 LLC has made an investment in TRX, a fitness training provider. No financial terms were disclosed.
Abry invests in Aduro :
Abry Partners has made an investment in Aduro, a human performance company. No financial terms were disclosed.
CRG commits $70 mln to Mid-Atlantic Dental Partners :
Mid-Atlantic Dental Partners, a dental support organization, has secured $70 million in funding. The investor was CRG. Mid-Atlantic is a portfolio company of S.C. Goldman & Company LLC. Cooley LLP served as exclusive legal adviser to CRG while Waller Lansden Dortch & Davis did likewise for Mid-Atlantic.
Koch Equity, Golden Gate to invest another $1.5 bln in Infor :
Koch Equity Development LLC and Golden Gate Capital agreed to invest $1.5 billion in Infor, which sells financial and manufacturing software. Koch, in 2017, closed a $2 billion investment in Infor, of New York, which is backed by Golden Gate, Summit Partners and management.
Gotham Green invests $4 mln in Chooze Corp :
Gotham Green Partners has invested $4 million in Chooze Corp, which owns the LucidMood brand of functional cannabis products. LucidMood produces disposable vape pens.
Apax Partners invests $200 mln in Fractal Analytics :
Apax Partners said Jan. 16 that it invested $200 million for a minority stake in Fractal Analytics, which provides AI to Fortune 500 companies. In 2016, Khazanah Nasional Berhad, the strategic investment fund of the Government of Malaysia, invested $100 million in Fractal, PitchBook said.
Apollo Global nears deal to buy Arconic for more than $10 billion: WSJ :
Apollo Global Management LLC (APO.N) is nearing a deal to buy U.S. aluminum products maker Arconic Inc (ARNC.N) for more than $10 billion, the Wall Street Journal reported on Tuesday.
LVL3 buys Hoffman Instrumentation Supply :
LVL3 has acquired Hillsboro, Oregon-based Hoffman Instrumentation Supply, a provider of components and systems used primarily in the semiconductor, aerospace and defense, government research laboratories, and other industries. No financial terms were disclosed.
Virgo invests in 80 Acres Farms :
Virgo Investment Group has made a "significant" investment in Cincinnati, Ohio-based 80 Acres Farms, an indoor farming company. No financial terms were disclosed.
OpenGate to buy Saint-Gobain’s silicon carbide unit :
OpenGate Capital said Jan. 15 that it agreed to buy the silicon carbide division of Saint-Gobain SA. Financial terms weren’t announced. The Saint-Gobain silicon carbide division produces metallurgical feedstock, refractory materials abrasive grains, and products used in technical ceramics.
Camano Capital invests in Omnia Italian Design :
Camano Capital LLC said Jan. 14 that it completed the majority recap of Omnia Italian Design LLC. Financial terms weren’t announced. Omnia, of Chino, California, designs, makes and distributes leather furniture.
Bain Capital Private Equity to buy majority of Brillio :
Bain Capital Private Equity has agreed to buy a majority of Brillio. Financial terms weren’t announced. Brillio’s current management team will continue to lead the company. Brillio, of Santa Clara, California, provides digital consulting and technology services.
JZ Capital sells Petrocorner :
JZ Capital Partners Ltd said Jan. 15 that it sold Petrocorner to a Spanish subsidiary of British Petroleum. JZ Capital said it expected to receive cumulative gross proceeds of 12.1 million euros from the sale (including interim proceeds and escrows). Petrocorner is a network of petrol stations throughout Spain.
TA Associates invests in LIST SpA :
TA Associates said Jan. 15 that it invested in LIST SpA. Financial terms weren’t announced LIST, of Pisa, Italy, provides trading and compliance software solutions and infrastructural services to financial institutions. Latham & Watkins LLP provided legal counsel and KPMG served as financial adviser to TA Associates. Nctm Studio Legale provided legal counsel and Studio MCCR served as financial adviser to LIST SpA.
Salt Creek Capital buys Beauchamp :
Salt Creek Capital has acquired Brighton, Michigan-based Beauchamp Lawn & Snow Service Inc, a provider of commercial grounds maintenance services and residential landscaping services. No financial terms were disclosed.
Shell and PGGM aim to bid for Dutch energy company Eneco: Reuters :
Royal Dutch Shell and Dutch pension fund manager PGGM on Monday said they are investigating a joint offer for Dutch energy company Eneco [ENECO.UL].
Vora Ventures buys digital commerce firm Hinge :
Vora Ventures has acquired Cincinnati-based Hinge, a digital commerce company. No financial terms were disclosed.
Satori invests in Able Machinery Movers :
Satori Capital has made an investment in Grapevine, Texas-based Able Machinery Movers, a heavy machinery-moving and rigging company. No financial terms were disclosed.
SDC will take majority stake in SummitIG :
SDC Capital Partners will acquire a majority stake in Summit Infrastructure Group Inc, a dark fiber infrastructure provider to carriers, data center operators, content providers and large businesses in Northern and Central Virginia. No financial terms were disclosed. SummitIG's current owner Columbia Capital will retain an ownership stake in the company following the closing of the deal.
Vista completes take-private buyout of Apptio :
Vista Equity Partners has closed its previously announced take-private acquisition of Bellevue, Washington-based Apptio Inc, a provider of business management software. The value of the transaction was $1.94 billion. As a result of the closing, Apptio will no longer trade on the NASDAQ. Qatalyst Partners served as financial adviser to Apptio, while Wilson Sonsini Goodrich & Rosati was legal adviser to Apptio. Vista’s legal adviser is Kirkland & Ellis LLP.
Aethon buys QEP Resources’ Northwest Louisiana’s natural gas assets :
Aethon Energy Management has acquired QEP Resources' Northwest Louisiana's natural gas assets. No financial terms were disclosed.
Warren Equity buys M&D Distributors :
Warren Equity Partners has acquired Humble, Texas-based M&D Distributors, an aftermarket provider of mission-critical diesel engine parts and components within primarily Texas, Oklahoma, and Louisiana. No financial terms were disclosed.
HKZ Private Capital buys Terra Dynamics :
HKZ Private Capital has acquired Terra Dynamics, a landscape construction firm serving the Puget Sound region. No financial terms were disclosed. ACT Capital Advisors represented Terra Dynamics on the transaction.
Guardian invests in TacMed Solutions :
Guardian Capital Partners has made an investment in Anderson, South Carolina-based TacMed Solutions, a maker of hemorrhage control and related safety products for emergency trauma care across the military, law enforcement, fire & emergency services, and civilian end markets. No financial terms were disclosed.
Brentwood acquires Afterburn Holdings :
Brentwood Associates has acquired a majority stake in Houston-based Afterburn Holdings, an Orangetheory Fitness franchisee. No financial terms were disclosed. Piper Jaffray & Co advised Afterburn Holdings on the transaction while Nelson Mullins Riley & Scarborough LLP provided legal counsel. And, Burr & Forman LLP provided legal advice to Brentwood.
LNK exits Beachbody :
LNK Partners has sold its minority stake in Beachbody, a provider of fitness and weight-loss solutions. The buyer was not identified. No financial terms were disclosed.
Kriya Capital buys RSSI :
Kriya Capital has acquired Natchez, Mississippi-based Receivable Solutions Specialist Inc, a provider of revenue cycle management services to healthcare organizations. No financial terms were disclosed.
Gallant invests in Aero Turbine :
Gallant Capital Partners has made an investment in Stockton, California-based Aero Turbine, an aerospace maintenance, repair and overhaul service provider. No financial terms were disclosed for the transaction that was done in partnership with Doug Clayton and Dave Mattson.
TPG and CICC to form China Synergy platform :
TPG and CICC Capital have agreed to form the China Synergy platform. David Bonderman, founder and chairman of TPG; Mingjian Bi, CEO of CICC; and Teh Kok Peng, senior adviser of CICC and former president of GIC Special Investments, will sit on the steering committee.
Incline Equity Partners acquires Profile Products :
Incline Equity Partners has acquired Buffalo Grove, Illinois-based Profile Products, a maker of engineered horticultural growing media, erosion control products and soil amendments. No financial terms were disclosed.
Luminate Capital buys LiquidFrameworks :
Luminate Capital Partners has acquired LiquidFrameworks Inc, a provider of quote-to-cash and field ticketing software across oilfield services, industrial services and environmental services industries. The seller included Houston Ventures. No financial terms were disclosed.
Platte River takes control of Sherrill Inc :
Platte River Equity said Jan. 9 that it acquired a controlling stake in Sherrill Inc. Financial terms weren’t announced. Sherill, of Greensboro, North Carolina, distributes arborist tools and equipment in North America.
Yukon partners with ShoreView Industries, CRA founders to form ASO :
Yukon Partners said Jan. 9 that it is partnering with ShoreView Industries and the founders of California Retina Associates (CRA) to form an administrative services organization. The company will provide administrative and non-clinical support services, support CRA, and seek to affiliate with other ophthalmology groups throughout the Western United States.
Summit Park invests in Freedom Electronics :
Summit Park said Jan. 9 that it invested in Freedom Electronics via a recap. Financial terms weren’t. Freedom Electronics, of Kennesaw, Georgia, makes and sells over 2,300 electronic components used in fuel dispensers, retail point-of-sale systems, and automatic tank gauges.
Oaktree Capital invests $450 mln in Watco :
Watco Cos LLC said Jan. 4 that Oaktree Capital Management LP is investing $450 million for a non-controlling equity stake of Watco. Watco, of Pittsburg, Kansas, is a transportation company that provides transportation, terminal and port, mechanical, and supply chain services throughout North America and Australia. Richard Alsop, Laura Friedrich and Kenneth Laverriere of Shearman & Sterling advised Oaktree.
ShoreView invests in California Retina Associates alongside management :
ShoreView Industries invested in a newly formed administrative services organization that will provide administrative and non-clinical support services to California Retina Associates, an ophthalmology practice based in southern California. ShoreView invested alongside the founders of California Retina Associates.
Catalyst Principal Partners buys 3 mattress makers :
Catalyst Principal Partners said Jan. 9 that it bought three mattress makers: Euroflex Ltd (Uganda); Vitafoam Ltd (Malawi) and Superfoam Ltd (Kenya). Financial terms weren't announced. The three companies were merged and renamed Mammoth Foam Africa. StratLink advised Euroflex and Vitafoam.
BBH Capital invests in Ethos Veterinary Health :
BBH Capital Partners said Jan. 9 that it has invested in Ethos Veterinary Health LLC via a recap. Financial terms weren’t announced. Ethos, of Woburn, Massachusetts, provides specialty veterinary health services, including 24/7 emergency care, surgical procedures, radiology services and internal medicine.
RLJ Equity buys Olson Brothers Pro-Vac :
RLJ Equity Partners LLC has acquired Olson Brothers Pro-Vac LLC. Sellers include Peninsula Capital Partners, Silver Peak Partners and Pro-Vac management. Pro-Vac, of Puyallup, Washington, provides environmental, infrastructure, and municipal services in the Pacific Northwest.
Sterling Partners exits Kids Care Dental :
RiverGlade Capital has acquired Kids Care Dental & Orthodontics. Financial terms weren’t announced. Sterling Partners was the seller. Kids Care provides dental care, orthodontics and oral surgery. Cain Brothers provided financial advice to Sterling and Kids Care.
Aqua Capital buys 70 pct of Rech Agricola :
Aqua Capital has acquired 70 percent of Rech Agricola. Financial terms weren’t announced. Rech, of Brazil, is a distributor of spare parts for agricultural machines. The Collins Group Inc provided financial advice to Rech Agricola.
Craftsman Capital buys CMIT Solutions :
Craftsman Capital has acquired CMIT Solutions. Financial terms weren’t announced. CMIT, of Austin, is a managed service provider of enterprise-level information technology services to the small and mid-market business community.
Oak Hill Capital, Pamlico to recap Vast Broadband :
Vast Broadband said Jan. 9 that it is buying NTS Communications from Tower Three Partners. Financial terms weren’t announced. NTS operates a fiber network spanning more than 2,700 owned route miles that includes more than 60,000 homes and businesses in Texas markets of Lubbock, Amarillo, Abilene, Midland and Wichita Falls, and markets in Louisiana. Once the NTS deal closes, Oak Hill Capital Partners and Pamlico Capital are investing in Vast via a recap. Vast provides high-speed broadband, video, and voice services. Bank Street Group LLC provided financial advice to NTS. SunTrust Robinson Humphrey Inc and TD Securities (USA) are providing debt financing.
JMI Equity invests $40 mln in RainFocus :
JMI Equity has made a $40 million growth investment in RainFocus. The Lehi, Utah company provides an event marketing platform.
Shorehill Capital buys Functional Devices :
Shorehill Capital LLC has acquired a majority stake in Functional Devices LLC. Company management and Ken Rittmann, Functional’s prior owner, also invested. Financial terms weren’t announced. Functional Devices, of Sharpsville, Indiana, makes relays, power supplies, transformers, sensors, enclosures and wireless devices utilized in the HVAC, building and lighting controls and energy management industries. Madison Capital Funding LLC and Maranon Capital LP provided financing support. Katten Muchin Rosenman LLP served as legal adviser to Shorehill and Ice Miller LLP served as legal adviser to the seller.
Investcorp Technology Partners buys Ubisense’s SmartSpace business :
Investcorp Technology Partners said Jan. 9 that it acquired Ubisense’s SmartSpace business unit for 35 million pounds ($44.5 million). SmartSpace is an enterprise software and sensor platform that generates and interprets location data to create visibility of real-world objects and their interactions in real-time. Investcorp Technology Partners was advised by Arma Partners, Beecham, Code & Co, Deloitte, Proskauer and Roland Berger.
Shorehill acquires Functional Devices :
Shorehill Capital LLC has acquired a majority ownership stake in Sharpsville, Indiana-based Functional Devices, a maker of relays, power supplies, transformers, sensors, enclosures and wireless devices for the HVAC, building and lighting controls and energy management industries. No financial terms were disclosed for the transaction that was done in partnership with Functional Devices' management team and its prior owner Ken Rittman.
Goldner Hawn and Tonka Bay sell Quest Events to TZP Group :
TZP Group has acquired Quest Events from Goldner Hawn and Tonka Bay Equity Partners LLC. No financial terms were disclosed. Based in Frisco, Texas, Quest is a provider of rental, service and logistics solutions for drapery and related environment-enhancing products serving the events industry.
RainFocus pulls in $40 mln from JMI Equity :
Lehi, Utah-based RainFocus, an event marketing platform, has secured $40 million in funding. The investor was JMI Equity. In addition to the funding, David Greenberg and Larry Contrella, general partner and principal at JMI, respectively, have joined RainFocus’ board of directors.
Nonantum recaps RoadOne :
Nonantum Capital has recapitalized RoadOne, a intermodal transportation and related logistics company. No financial terms were disclosed. Harris Williams advised RoadOne on the transaction. RoadOne is a portfolio company of Tritium Partners.
H.I.G. buys Lipari Foods :
H.I.G. Capital has acquired Lipari Foods from Sterling Investment Partners. No financial terms were disclosed. Based in Warren, Michigan, Lipari is a provider of perimeter-of-the-store, specialty and branded food products.
K1 invests $200 mln in Onit :
Onit Inc, a provider of enterprise workflow solutions, has secured $200 million in funding. The investor was K1 Investment Management.
Transom acquires SemiTorr from Riverlake Partners :
Transom Capital Group has acquired SemiTorr Group from Riverlake Partners. No financial terms were disclosed. Oregon-based SemiTorr is a provider of high purity products.
J.H. Whitney acquires Firebirds Wood Fired Grill from Angelo Gordon :
J.H. Whitney Capital Partners LLC has acquired Firebirds Wood Fired Grill from Angelo, Gordon & Co. LP. No financial terms were disclosed. NorthPoint Advisors served as financial adviser to Firebirds on the transaction while Kirkland & Ellis LLP provided legal advice to J.H. Whitney. Based in Charlotte, North Carolina, Firebirds Wood Fired Grill is a casual restaurant chain.
Blackstone takes minority stake in Annexus :
Blackstone has acquired a minority stake in Annexus, a provider of annuities and insurance-based retirement products. No financial terms were disclosed. Houlihan Lokey served as financial adviser to Annexus on the transaction while Evercore did likewise for Blackstone.
Hastings invests in A&L :
Hastings Equity Partners has made an investment in Deer Park, Texas-based A&L Industrial Services, a provider of scaffolding, insulation and industrial coating services to refineries, petrochemical plants and liquified natural gas facilities across the Gulf Coast. No financial terms were disclosed. Locke Lord LLP provided legal counsel to Hastings on the transaction.
Stonepeak to provide up to $1 bln to Discovery :
Dallas-based Discovery Midstream Holdings II LLC, a midstream company, has secured an equity commitment of up to $1 billion. The investor is Stonepeak Infrastructure Partners. Hunton Andrews Kurth LLP was legal counsel to Stonepeak on the transaction while Kirkland & Ellis LLP was Discovery management's counsel.
M/C Partners buys, merges Carbon60 Networks, Gossamer Threads :
M/C Partners has acquired Toronto-based Carbon60 Networks Inc and Vancouver-based Gossamer Threads Inc, both managed cloud services providers. Terms weren’t disclosed for the deal, which will see the companies combined under the name Carbon60 Networks. John Witte, Carbon60’s current CEO, will lead the new Canadian business. Alex Krohn, founder and CEO of Gossamer Threads, will assume the role of CTO. Carbon60 has been backed since 2014 by Canadian mid-market private equity firm Roynat Equity Partners.
TriArtisan in discussions to buy P.F. Chang’s from Centerbridge: Bloomberg :
TriArtisan Capital Partners is in talks to buy P.F. Chang’s, a Chinese food restaurant, for as much as $700 million, Bloomberg is reporting. Centerbridge is the seller. TriArtisan is in discussions with lenders about financing a potential deal, the story said.
Cressey & Co invests in HHAeXchange :
Cressey & Co LP has invested in HHAeXchange. Financial terms weren’t announced. HHAeXchange provides home care management software.
Forming a healthy relationship between PE and healthcare :
By Dan Shoenholz and Peter Gates, EY-Parthenon, Ernst & Young LLP In the healthcare sector, private equity is often viewed as a financial sponsor with limited impact on improving clinical outcomes and patient satisfaction. In fact, some founders and physicians are concerned that PE may even hurt the patient-care effort. Often overlooked, however, is the […]
J.P. Morgan Asset Management invests in Riata-backed Acuity Eyecare :
J.P. Morgan Asset Management has invested in Acuity Eyecare Group, a Riata Capital Group portfolio company. Financial terms weren’t announced. The investment comes as Acuity has acquired two new regional eyecare groups. They include ABBA Eye Care, of Colorado Springs, Colorado, which operates 13 optometry locations, and EyeCare Specialties, of Lincoln, Nebraska, which operates 5 optometry locations.
Lovell Minnick buys ATTOM Data Solutions :
Lovell Minnick Partners said Jan. 8 that it completed its buy of ATTOM Data Solutions. Financial terms weren’t announced. Renovo Capital and Rosewood Private Investments were the sellers. ATTOM Data Solutions, of Irvine, provides national real estate data and analytics.
Sycamore completes Pure Fishing buyout :
Sycamore Partners has closed its previously announced acquisition of Pure Fishing from Newell Brands. No financial terms were disclosed. Pure Fishing is a provider of fishing tackle, lures, rods and reels.
Czech PPF gives up on buying Bulgaria’s Nova after rejection by watchdog: Reuters :
Czech investment group PPF said on Monday it had given up on buying Bulgaria’s Nova Broadcasting Group from Sweden’s MTG (MTGb.ST), citing rejection by the country’s anti-monopoly watchdog.
Platinum Equity to acquire PCI :
Platinum Equity has agreed to acquire Singapore-based PCI Limited, an electronics manufacturing services provider, for S$1.33 in cash per share. The deal is expected to close in the second quarter of this year.
Trive Capital backs Cal Braze :
Trive Capital has made an investment in Newark, California-based California Brazing, a maker of components for space, aircraft connectivity, specialty electronic and various defense applications. No financial terms were disclosed.
Huron Capital invests in WD :
Huron Capital has made a "significant" investment in Maryland-based WD Lab Grown Diamonds, a producer of laboratory grown diamonds for the jewelry, scientific and industrial markets. No financial terms were disclosed. TM Capital served as financial adviser to WD on the transaction.
Vesey Street Capital Partners recaps Elite Body Sculpture :
Vesey Street Capital Partners LLC has recapitalized Miami-based Elite Body Sculpture, a provider of minimally invasive body sculpting procedures. No financial terms were disclosed. BMO was financial adviser to EBS on the transaction.
Goldman Sachs provides $30 mln to video advertising platform Innovid :
New York-based Innovid, a video advertising platform, has raised $30 million in funding. The investor was Goldman Sachs' private capital investing group. In addition to the investment, Holger Staude of Goldman Sachs’ private capital investing group, will join Innovid's board.
Advent to buy Aimbridge Hospitality :
Advent International said Jan. 7 that it agreed to buy a majority of Aimbridge Hospitality. Financial terms weren’t announced. Lee Equity Partners and General Atlantic were the sellers. Aimbridge, of Dallas, is a hotel management with a portfolio that includes approximately 800 upscale, independent and branded hotels with more than 100,000 rooms across the United States, Canada and the Caribbean.
Apollo weighs offer for GE jet leasing business: Bloomberg :
Apollo Global Management is considering a bid for all or part of General Electric’s jet-leasing business, Bloomberg reported Jan. 4. Apollo has met with lenders to secure about $30 billion in financing to buy GE Capital Aviation Services, the story said. A sale of GE’s jet leasing unit could be valued as much as $40 billion, the story said.
Rubik’s Brand sells stake to Bancroft Investment :
Rubik’s Brand Ltd said Jan. 7 that it sold a minority stake to Bancroft Investment. Financial terms weren’t announced. Rubik’s Brand owns the rights to Rubik’s Cube. Christoph Bettin, who founded Marbel Ltd, has joined as CEO of Rubik’s Brand.
Temasek exploring stake sale in beauty retailer A.S. Watson: Reuters :
Singapore state investor Temasek Holdings
[TEM.UL] is in talks to sell a small portion of its 24.9 percent stake in beauty and health retailer A.S. Watson
, part of conglomerate CK Hutchison Holdings Ltd
), Reuters reported.
Atlas Holdings buys Saxco :
Atlas Holdings LLC has acquired Concord, California-based Saxco International, a provider of rigid packaging to the wine, spirits, craft beer and food markets. No financial terms were disclosed.
Abry to invest in Millennium Trust :
Abry Partners has agreed to make an investment in Millennium Trust Company, a provider of technology-enabled retirement services and institutional custody solutions for businesses, institutions, adviser and individuals. No financial terms were disclosed. As a result of the transaction, Parthenon Capital Partners will retain a minority stake in Millennium Trust. Raymond James & Associates and William Blair & Company served as financial advisers to Millennium Trust and Parthenon.