Red Arts Capital acquires CAZF :
Red Arts Capital has acquired Phoenix, Arizona-based Central Arizona Freight, a provider of specialty transportation services. No financial terms were disclosed. Scudder Law Firm, Scopelitis, Garvin, Light, Hanson & Feary, PC and Riley Safer Holmes & Cancila LLP provided legal advice to Red Arts Capital on the deal while PNC Business Credit led the debt financing.
Big investors form Capital Constellation to fund, support new managers :
Alaska Permanent Fund Corp, Public Institution for Social Security of Kuwait, RPMI Railpen and Wafra have launched Capital Constellation to invest in new alternative managers. Wafra will advise the private equity and alternative managers who work with the group. The founders will initially commit $700 million to Constellation, which is expected to deploy more than $1.5 billion over five years. Constellation made its first investment, committing $100 million to Astra Capital Management.
EWE stake sale to attract interest from Macquarie, Shell, say sources: Reuters :
German utility EWE [LANDWE.UL] will put a $1.9 billion minority stake on the block later this year, a sale that is expected to draw interest from infrastructure investors, pension funds and oil majors, sources told Reuters.
Tiger launches FBO platform company Modern Aviation, also acquires Air Wilmington :
Tiger Infrastructure Partners has co-founded Modern Aviation, a platform company focused on developing and acquiring fixed base operators. Also, Tiger and Modern Aviation have acquired Air Wilmington, owner and operator of the sole FBO at the Wilmington International Airport in Wilmington, North Carolina. No financial terms were disclosed. Mark Carmen, the former president of Universal Weather and Aviation, is leading Modern Aviation.
Spain’s Repsol agrees to sell Gas Natural stake to CVC: Reuters :
Spain’s Repsol (REP.MC) has agreed to sell its 20 percent stake in Gas Natural to CVC Capital Partners for 3.82 billion euros($4.69 billion), a move that could allow the oil major to restart investment after years of debt reduction, Reuters reported.
Baird Capital invests in Nirvana Asia :
Baird Capital has invested in Nirvana Asia Ltd, an Asia-based funeral and bereavement care provider. No financial terms were disclosed.
Loyal Companies buys LinkTrust :
Loyal Companies has acquired Provo, Utah-based LinkTrust, a provider of Saas-based affiliate and performance marketing software. No financial terms were disclosed.
Amulet invests in Peloton Advantage :
Amulet Capital Partners LP has made an undisclosed investment in Peloton Advantage. Based in Parsippany, New Jersey, Peloton is a provider of clinical-focused strategic consulting and scientific communication services.
Marlin Equity buys Propelics :
Marlin Equity Partners said Feb. 21 that it has acquired Propelics Inc. Financial terms weren’t announced. Propelics, of San Jose, provides mobile strategy and mobile application development solutions for enterprise clients. Propelics has been merged with Anexinet, a Marlin portfolio company.
General Atlantic to buy 25.1 pct of NuCom Group :
ProSiebenSat.1 Group said Feb. 22 that General Atlantic will buy a 25.1 percent stake in NuCom Group. ProSieben said the transaction values NuCom at 1.8 billion euros ($2.2 billion). NuCom, of Munich, is an omnichannel platform for consumer services and lifestyle brands in Europe. JP Morgan provided financial advice to ProSiebenSat.1 while Goldman Sachs advised General Atlantic.
Gauge Capital recaps New Eyes :
Gauge Capital LLC has recapitalized Las Vegas-based New Eyes, an ophthalmologic services provider. No financial terms were disclosed. Cain Brothers was financial adviser to New Eyes on the transaction.
RAB Ventures takes majority stake in HouseWorks :
RAB Ventures LLC has acquired a majority stake in HouseWorks LLC, a Massachusetts-based provider of home care, elder care and senior home care services. No financial terms were disclosed.
Oak Hill to sell FirstLight to Antin :
Antin Infrastructure Partners has agreed to acquire Albany, New York-based FirstLight, a fiber-optic bandwidth infrastructure services provider, from Oak Hill Capital Partners. No financial terms were disclosed. The deal is expected to close in the second half of 2018. Bank Street Group and TD Securities were lead financial advisers to FirstLight and Oak Hill on the deal.
Strattam Capital to invest in SSB :
Strattam Capital has agreed to make an investment in SSB, a data management and analytics platform provider for the sports and entertainment, education and healthcare sectors. No financial terms were disclosed. The deal is expected to take place before the end of the first quarter of 2018. First Hill Partners is serving as financial adviser to SSB on the transaction.
Leeds Equity invests in Endeavor Schools :
Leeds Equity Partners LLC is investing in Endeavor Schools LLC. Financial terms weren’t announced. Endeavor, of Miami, owns and operates 37 private preschool to 12th grade schools in the U.S. Goodwin Procter provided legal advice to Leeds Equity Partners. Kramer Levin Naftalis & Frankel, along with Tezner Arrieta, served as legal counsel for Endeavor.
You’ve hired a digital transformation officer. Now what? :
By Bruno Fiastre, Taliance A new job function is gaining in popularity at private equity firms, real estate companies and other alternative-asset managers. It goes by several names – digital transformation officer, chief of digitalization, head of digitalization or even leader of digital product. A recent appointment for a director of innovation at U.K. real […]
Rhone Capital to buy Fogo de Chão for $560 mln :
Rhone Capital agreed to buy Fogo de Chão Inc in a deal valued at $560 million. Rhone is paying $15.75 a share cash for Fogo. Thomas H. Lee Partners LP, and certain of Fogo’s directors and executive officers, currently own more than 60 percent of Fogo’s shares. Fogo, of Dallas, is a Brazilian steakhouse that THL acquired in July 2012 for $400 million. Fogo went public in 2015.
Cathay Capital buys E. WINKEMANN :
Cathay Capital MidCap Fund is buying a majority of E. WINKEMANN GmbH. Financial terms weren’t announced. Equistone Partners Europe will retain a stake along with company management. E. WINKEMANN, of North Rhine-Westphalia, Germany, is an automobile supplier. Dirk Schekerka and Stefan Maser represented Equistone on this transaction. The firm was advised by Robert W. Baird & Co and P+P Pöllath & Partners.
Gauge recaps CompEye :
Gauge Capital LLC has recapitalized Las Vegas-based Comprehensive EyeCare Partners, a vision care management services organization. No financial terms were disclosed. As part of the investment, Whitney Bowman, Drew Johnson and Daniel Gedney from Gauge have joined CompEye's board of directors. Brentwood Capital Advisors provided financial advice to CompEye on the transaction.
Xerox shareholders Icahn, Deason urge company to sell itself to rivals: Reuters :
Xerox Corp shareholders Carl Icahn and Darwin Deason said on Tuesday the U.S. company should seek to sell itself to one of its rivals or a private equity firm.
Water Street and JLL to buy Dohmen Life Sciences Services :
Water Street Healthcare Partners and JLL Partners have agreed to acquire Milwaukee-based Dohmen Life Sciences Services, which provides biopharmaceutical and medical device companies with services in the areas of patient support, supply chain, compliance, finance and technology. The seller is The Dohmen Company. No financial terms were disclosed.
Cognate BioServices completes MBO and attracts funding :
Hanover, Maryland-based Cognate BioServices, a contract development and manufacturing organization in the global cellular therapies industry, has raised an undisclosed amount of funding. The investors included Tennenbaum Capital Partners LLC, Medivate Partners and an unnamed sovereign wealth fund. Also, Cognate has completed a management buyout.
Goldman Sachs invests in xMatters :
San Ramon, California-based xMatters, a collaboration platform that accelerates incident response and resolution, has secured $40 million in Series D funding. The investor was Goldman Sachs' private capital investing group.
Behrman Capital buys Corfin Industries :
Behrman Capital has acquired Salem, New Hampshire-based Corfin Industries LLC, a provider of microelectronics component preparation services. No financial terms were disclosed. Goodwin Procter was legal counsel for Behrman Capital on the deal.
PWP Growth Equity and RedHawk Investment back 360Training :
Austin, Texas-based 360Training, a provider of online training courses primarily for regulated industries, has secured an undisclosed amount of funding. The investors were PWP Growth Equity and RedHawk Investment.
J&J puts sterilization products division up for sale: Bloomberg :
J&J has put its sterilization products division up for sale and is bids of as much as $2 billion, Bloomberg is reporting. J&J’s advanced sterilization products unit, known as ASP, makes systems and solutions to clean medical tools, the story said. Strategics and private equity firms are vying for the unit, Bloomberg said.
ProSieben in exclusive talks with General Atlantic on digital stake sale, says source: Reuters :
ProSiebenSat.1 Media SE (PSMGn.DE) is in exclusive talks with private equity firm General Atlantic over the sale of a minority stake in its digital unit, a source told Reuters.
Goldman Sachs and Macquarie seen as front runner in HES Terminals sale, say sources: Reuters :
A consortium of infrastructure funds at Goldman Sachs (GS.N) and Macquarie (MQG.AX) is seen as the front runner in the sale of European bulk port terminal operator HES International, worth around 2 billion euros ($2.5 billion), industry sources told Reuters.
Insight Venture Partners invests in CentralReach :
Insight Venture Partners has made a "significant" investment in Pompano Beach, Florida-based CentralReach, a provider of electronic health record and practice management software for clinics focused on applied behavioral analysis and speech therapy. No financial terms were disclosed.
Chicago Venture Partners backs GrowLife :
Kirkland, Washington-based GrowLife Inc, an indoor cultivation service provider, has secured equity financing from Chicago Venture Partners. According to terms of the deal, CVP has bought shares at $0.021 per share.
Saw Mill sells Janus International Group to Clearlake :
Clearlake Capital Group LP has acquired Janus International Group from Saw Mill Capital. No financial terms were disclosed. Temple, Georgia-based Janus is a maker of roll up and swing doors, hallway systems and re-locatable storage units for the self-storage industry.
Thomson Reuters chair sought better terms for financial unit: WSJ :
Thomson Reuters Corp (TRI.TO) (TRI.N) Chairman David Thomson urged the company’s board of directors to seek better terms for its $17 billion sale of a large chunk of its business to Blackstone Group LP (BX.N), the Wall Street Journal reported on Thursday, citing people close to the deal.
TPG Capital completes take-private Exactech acquisition :
TPG Capital has closed its previously announced take-private buyout of Exactech for $49.25 per share or about $737 million. Starting February 15, 2018, Exactech will no longer trade on the NASDAQ. Based in Gainesville, Florida, Exactech is a developer of orthopaedic implant devices and surgical instrumentation for extremities and large joints.
Grey Mountain buys CHEP Recycled :
Grey Mountain Partners has acquired Atlanta-based CHEP Recycled Pallet Solutions, a whitewood pallet recycler, from Brambles. No financial terms were disclosed.
Apollo acquires majority stake in Tidewater Logistics :
Apollo Global Management LLC has acquired a majority stake in Fort Worth, Texas-based Tidewater Logistics, a provider of specialized logistics and operational services for the frac sand market. No financial terms were disclosed.
Cairngorm Capital buys North Yorkshire Timber, will merge it with Thornbridge :
Cairngorm Capital Partners has acquired UK-based timber merchant North Yorkshire Timber. No financial terms were disclosed. Cairngorm will merge North Yorkshire Timber with portfolio company Thornbridge. Clive Owen LLP provided financial advice to Cairngorm and North Yorkshire Timber on the deal.
Platinum Equity to buy Wyndham’s European vacation rental business for about $1.3 bln :
Platinum Equity has agreed to acquire Wyndham Worldwide Corp's European vacation rental business for about $1.3 billion. Deutsche Bank and Goldman Sachs are serving as financial advisers to Wyndham Worldwide, with Kirkland & Ellis International LLP and Dechert LLP providing legal advice. And, Latham & Watkins is acting as legal counsel to Platinum Equity.
Arlington invests in IAI :
Arlington Capital Partners has made a undisclosed investment in Integrity Applications Incorporated. Chantilly, Virginia-based IAI is a provider of systems engineering, integrated solutions, technical analysis and subject matter expertise for the intelligence and defense communities.
Veritas Capital to acquire PwC’s U.S. public sector business :
Veritas Capital has agreed to acquire the U.S. public sector business from PricewaterhouseCoopers LLP. No financial terms were disclosed. Morgan Stanley is serving as financial adviser to PwC on the transaction while Davis Polk & Wardwell LLP is serving as legal counsel. And, Schulte Roth & Zabel LLP is serving as legal counsel to Veritas Capital.
Accel-KKR invests in FastSpring :
Accel-KKR has made an undisclosed investment in FastSpring. Santa Barbara, California-based FastSpring is a provider of a cloud-based ecommerce and subscription billing platform.
DPE to sell stake in Elatec to Summit Partners :
DPE Deutsche Private Equity and its co-investors have agreed to sell their majority stake in Elatec via a recapitalization by Summit Partners. No financial terms were disclosed. As a result of the transaction, DPE and its co-investors will retain a minority stake in Elatec. Germany-based Elatec is a provider of multi-standard RFID readers.
Why private equity investors are betting on digital education :
By Alex Hicks, MHT Partners Digital streaming services such as Spotify and Netflix have forever changed the business of music and movies. Now, that same approach is slowly transforming education publishing. Those hefty textbooks weighing down kids’ book bags all over the U.S. could become a thing of the past. The U.S. spends more than […]
Capital Partners to recap Fletcher-Terry :
Capital Partners has agreed to recapitalize East Berlin, Connecticut-based The Fletcher-Terry Company, a manufacturer. No financial terms were disclosed for the transaction that will be done in partnership with Fletcher-Terry's management.
Cambridge Companies SPG invests in Indi :
Indi, a social customer influence platform, has secured an undisclosed amount of funding. The investor was Cambridge Companies SPG.
Lotus Midstream racks up $400 mln :
Sugar Land, Texas-based Lotus Midstream, a crude oil logistics provider, has secured $400 million in funding. The investors were EnCap Flatrock Midstream and the Lotus management team.
CD&R to buy majority stake in American Greetings :
Clayton, Dubilier & Rice has agreed to acquire a 60 percent ownership stake in American Greetings, a maker and distributor of greeting cards. No financial terms were disclosed.
Merida provides $6 mln to Kush Bottles :
Kush Bottles, a provider of packaging, supplies, vaporizers, accessories and branding solutions for the regulated cannabis industry, has secured $6 million in funding. The investor was Merida Capital Partners.
Bregal invests in Ju-Ju-Be International :
Bregal Partners invested in Ju-Ju-Be International, which provides premium diaper bags, backpacks and accessories. Bregal made the investment in partnership with the company founders, Joseph Croft and Kristin Hunziker, who remain shareholders in the business.
LaSalle Capital exits Avtex :
Norwest Equity Partners has made a "significant" investment in Avtex. No financial terms were disclosed. As a result of this transaction, LaSalle Capital has exited Avtex. Lincoln International advised Avtex while Winston & Strawn LLP provided legal services for NEP. Based in Bloomington, Minnesota, Avtex is a a customer experience-focused consulting and technology company.
TDC backs $6.7 billion takeover offer from Macquarie-led consortium: Reuters :
Danish telecoms company TDC (TDC.CO) urged investors on Monday to back a $6.7 billion cash offer from Australia’s Macquarie (MQG.AX) and three Danish pension funds who promised to invest in the country’s digital infrastructure, Reuters reported.
Capzanine backs EOS Corrugated :
Capzanine is investing in EOS Corrugated, a producer of of technical consumables mostly for the corrugated cardboard industry. No financial terms were disclosed.
Bowmark Capital acquires ASK4 from Darwin Private Equity :
Bowmark Capital is acquiring UK-based ASK4 Limited, an internet solutions provider. The seller is Darwin Private Equity. No financial terms were disclosed.
Blackford invests in Online Tech Stores :
Blackford Capital has made an undisclosed investment in Online Tech Stores. Reno, Nevada-based Online Tech Stores is a distributor of compatible imaging supplies and accessories.
Golden Gate Capital sells STH to Bridgepoint :
Bridgepoint has acquired Safety Technology Holdings from Golden Gate Capital. No financial terms were disclosed. Houlihan Lokey was financial adviser to Bridgepoint on the deal while Moelis & Company did likewise for Golden Gate Capital. Based in Farmington Hills, Michigan, STH is a maker of safety test equipment, specialty fiber, custom engineered stress and strain solutions and software modelling.
Euromoney sells market info unit to Chinese consortium for $180.5 million: Reuters :
British business-to-business information company Euromoney (ERM.L) has agreed to sell its Global Markets Intelligence Division (GMID) to a Chinese consortium of CITIC Capital Partners and leading business news outlet Caixin for $180.5 million, it said on Monday.
Thoma Bravo completes Barracuda Networks acquisition :
Thoma Bravo has closed its previously announced buyout of Barracuda Networks Inc, a provider of cloud-enabled security and data protection solutions. The deal is valued at $1.6 billion. Goldman Sachs, Credit Suisse and UBS Investment Bank served as financial advisers to Thoma Bravo on the transaction.
Blue Wolf takes majority stake in Petrosmith :
Blue Wolf Capital Partners has acquired a majority stake in Abilene, Texas-based Petrosmith, a provider of production equipment and oilfield tubular goods for the domestic oil and gas industry. No financial terms were disclosed.
OpenGate to buy Jøtul :
OpenGate has agreed to acquire Jøtul Group, a Norwegian maker of residential stoves and fireplaces, from Ratos AB. No financial terms were disclosed.
CultureIQ pockets $2.25 mln :
New York City-based CultureIQ, an integrated culture management software and strategy platform that powers organizations through culture, has secured $2.25 million in funding. The investors included Pritzker Group Venture Capital, Lerer Hippeau Ventures and Founder Collective.
Thoma Bravo to acquire majority stake in Nintex :
Thoma Bravo has agreed to acquire a majority stake in Nintex, a provider of intelligent process automation solutions. No financial terms were disclosed. Nintex is a portfolio company of TA Associates.
Stone Point to take a majority stake in Genex from Apax :
Stone Point Capital LLC has agreed to acquire a majority stake in Genex Services, a provider of cost containment services for the workers’ compensation, disability and auto industries. The seller is Apax Partners. No financial terms were disclosed. The deal is expected to close in the first quarter of this year. SunTrust Robinson Humphrey was strategic and financial adviser to Genex. UPDATE: Apax’s investment in Genex has generated a 3x multiple of invested capital, a source said.
Clearlake invests in Diligent Corp :
Clearlake Capital Group has made an undisclosed investment in Diligent, a provider of enterprise governance management software solutions. Diligent is a portfolio company of Insight Venture Partners. Morgan Stanley was lead adviser to Diligent Corporation and Insight Venture Partners on the transaction.
Avista to sell Zest Dental Solutions to BC Partners :
BC Partners has agreed to acquire Carlsbad, California-based Zest Dental Solutions, a provider of dental solutions, from Avista Capital Partners. No financial terms were disclosed. Moelis & Company LLC and Credit Suisse Securities (USA) LLC are serving as financial advisers to Zest with Ropes & Gray LLP providing legal counsel to Zest. Latham& Watkins is legal counsel to BC Partners.
THL to acquire Alfresco Software :
Thomas H. Lee Partners LP has agreed to acquire San Mateo, California and UK-based Alfresco Software, an enterprise open-source provider of process automation, content management and information governance software. No financial terms were disclosed. The deal is expected to close in the first quarter of this year. RBC Capital Markets LLC was financial adviser to Alfresco on the transaction.
New Heritage invests in Flying Colours :
New Heritage Capital has invested in Flying Colours Corp, taking a minority stake. Financial terms weren’t announced. Flying Colours, of Peterborough, Ontario, is an aviation services company.
Global Infrastructure Partners raises Italo offer to around 2 billion euros, says source: Reuters :
Global Infrastructure Partners (GIP) has raised its offer for Italian railway group Italo to around 2 billion euros ($2.45 billion), a source told Reuters.
Insight Venture Partners backs Property Brands :
Insight Venture Partners has made an undisclosed investment in Knoxville, Tennessee-based Property Brands, a provider of property management technology solutions. As a result of the transaction, Property Brand's previous backer Providence Strategic Growth will retain a minority investment partnership. Harris Williams & Co. advised Property Brands on the transaction while Golub Capital provided the financing.
Capzanine invests in Alphitan :
Capzanine said Feb. 8 that it is investing in Alphitan alongside its management. Financial terms weren’t announced. Alphitan, of Bordeaux, France, specializes in maintaining electronic components and motorization equipment used in industrial processes.
Platinum in talks to buy Wyndham Worldwide’s European vacation rental business: WSJ :
Platinum Equity Partners is in advanced talks to buy the European vacation-rentals business of Wyndham Worldwide Corp, the Wall Street Journal is reporting. The deal values the business at $1 billion, the story said. The deal could be announced next week.
Thompson Street, Onward Capital buy Tech Manufacturing :
Thompson Street Capital Partners and Onward Capital have acquired Tech Manufacturing. Financial terms weren’t announced. Tech Manufacturing, of Wright City, Missouri, makes complex 5-axis structural aerospace parts. The firms acquired Tech Manufacturing as an add-on to their joint platform company Domaille Engineering.
Former Perry Ellis chairman offers to buy company for $430 million: Reuters :
Perry Ellis International Inc’s (PERY.O) former chairman, George Feldenkreis, on Wednesday offered to buy the clothing company for $430 million with a plan to take the company private, Reuters reported.
Shorehill Capital co-launches Power Grid Components :
Shorehill Capital LLC has teamed up with Rick McClure, an electric power grid industry veteran, to form Power Grid Components Inc. No financial terms were disclosed. Power Grid will focus on acquiring companies that supply products used by electric utilities, electric cooperatives, municipalities, equipment manufacturers and other industry participants to maintain, repair and expand the North American electric power grid.
Copley Equity Partners backs North Star Leasing :
Copley Equity Partners has acquired a majority stake in Burlington, Vermont-based North Star Leasing, a provider of equipment financing solutions for businesses. No financial terms were disclosed. Ernst & Young served as financial adviser to Copley Equity Partners on the deal with Perkins Coie LLP providing legal counsel.
Warburg Pincus to acquire majority stake in Fiserv’s lending solutions business :
Warburg Pincus LLC has agreed to acquire a 55 percent stake in Fiserv Inc's lending solutions business while Fiserv will retain a 45 percent stake. As a result of the transaction, Fiserv will receive about $395 million. The deal is expected to to close in the first quarter of 2018.
Ardian invests in SFAM :
Ardian has acquired a stake in SFAM, a European broker of smartphone and multimedia insurance. No financial terms were disclosed.
Cerberus Capital to buy Cyanco from Oaktree :
Cerberus Capital Management has agreed to acquire Pearland, Texas-based Cyanco, a producer of sodium cyanide, from Oaktree Capital Management LP. No financial terms were disclosed.
Rock Hill recaps LeBlanc Marine :
Rock Hill Capital Group has recapitalized LeBlanc Marine LLC, a provider of marine construction, barge and tug services and material offloading services along the Gulf Coast. No financial terms were disclosed.
Drug developer Appili Therapeutics closes over $4.3 mln in private placement :
Halifax, Nova Scotia-based Appili Therapeutics Inc, a developer of anti-infective drugs, raised over $4.3 million in a private placement. The investors included Innovacorp.
GIP to buy some NRG assets for $1.4 bln :
Global Infrastructure Partners said Feb. 7 that it has agreed to buy NRG Energy Inc’s integrated U.S. renewable energy platform, including its controlling stake and 46 percent economic interest in NRG Yield Inc, as well as NRG’s renewable energy operations and maintenance and development businesses. The deal is valued at $1.375 billion. GIP has agreed to provide backstop support for NYLD’s agreed purchase of the Carlsbad Energy Center project. The deal is expected to close in the second half.
Platinum Equity closes OfficeMax Australia buy :
Platinum Equity said Feb. 6 that it closed its buy of the OfficeMax business in Australia from Office Depot. Financial terms weren’t announced. Platinum Equity said it also plans to bring together the OfficeMax business in Australia with Winc Australia, the former Staples business it acquired in April 2017 and has rebranded. Baker McKenzie, Bell Gully, and Greenwoods & Herbert Smith Freehills served as legal counsel to Platinum Equity.
Alteri to buy CBR Fashion Group from EQT :
EQT said Feb. 7 that it agreed to sell CBR Fashion Group to Alteri Investors. Financial terms weren’t announced. CBR, of Germany, is known for its Street One and Cecil brands. Alteri, a special situations investor in Europe, is backed by Apollo Global Management.
British wind project draws investment heavyweights, say sources: Reuters :
British offshore wind project Triton Knoll has attracted the interest of several large investment funds, sources told Reuters, in a sign of the growing competition for assets in the fast-changing sector.
Blue Ox buys minority stake in RX Solutions :
Blue Ox Healthcare Partners has acquired a 30 percent stake in RX Solutions LLC, which helps lower-income people gain access to fixed and/or reduced cost prescription drugs. No financial terms were disclosed.
Riverside acquires CarePatrol as an add-on :
The Riverside Company has acquired CarePatrol, which provides senior living advisory and placement services to seniors and their families, for its ComForCare platform. No financial terms were disclosed. Jones Day provided legal counsel on the deal while Saratoga Investment Corp. provided the financing.
Capzanine and Creadev back refurbished smartphones seller Recommerce Group :
Recommerce Group, a French and Swiss seller of refurbished smartphones under its own brand, has raised 50 million euros in funding. The investors were Capzanine, Creadev and Recommerce management.
Castanea takes minority stake in The Townshend Group :
Castanea Partners has acquired a minority stake in The Townshend Group, parent company of Brew Dr. Kombucha, a producer of organic kombucha. No financial terms were disclosed.
Capital Dynamics’ CEI team to acquire 8point3 :
Capital Dynamics' clean energy infrastructure team has agreed to acquire San Jose, California-based 8point3 Energy Partners LP. No financial terms were disclosed. Formed as a joint venture between First Solar Inc and SunPower Corp, 8point3 acquires, owns and operates solar energy generation projects in the U.S.
Centerbridge to sell Wastequip to H.I.G. :
H.I.G. Capital has agreed to acquire Wastequip, a maker of waste equipment. The seller was Centerbridge Partners LP. No financial terms were disclosed. The deal is expected to close by the end of the first quarter of 2018. Barclays was lead financial adviser to Wastequip on the transaction with Moelis & Company LLC also acting as financial adviser. And, Houlihan Lokey provided financial advice to H.I.G.
Crestview acquires ATC from Marlin :
Crestview has acquired Oklahoma City-based ATC Drivetrain, a remanufacturer of automotive drivetrain components, from Marlin Equity Partners. No financial terms were disclosed.
EagleTree takes majority stake in Airtech :
EagleTree Capital has acquired a majority stake in Rutherford, New Jersey-based Airtech Group, a provider of specialized pressure technologies. The sellers included Airtech founder and CEO Tom Latsos. Northwestern Mutual Capital, Nuveen Private Markets and Thrivent Financial are among EagleTree's co-investors in the transaction. No financial terms were disclosed. McCarter & English LLP was legal adviser to Airtech on the deal while Jones Day did likewise for EagleTree. UPDATE: Although Latsos and other management shareholders are among the sellers in this deal, they will retain significant ownership stake in Airtech.
Brentwood invests in Credentials Solutions :
Brentwood Associates has made a "significant" investment in Credentials Solutions, a provider of tech-enabled transcript, verification and parking services for the higher education market. Robert W. Baird & Co. Inc advised Credentials with Kirkland & Ellis LLP providing legal counsel. Andrews Kurth Kenyon LLP represented Brentwood on the transaction.
Strategic Value Partners to buy TPG’s stake in Vita Group: PE News :
Strategic Value Partners has agreed to buy TPG’s stake in Vita Group, according to PE News. If the deal closes, Strategic Value Partners, which already owns a minority stake, will have a majority of Vita, the story said. Vita, of the United Kingdom, supplies polyurethane foam products.
Exponent Private Equity to buy CEB Talent Assessment for $400 mln :
Gartner Inc said Feb. 6 that it agreed to sell CEB Talent Assessment for $400 million. Exponent Private Equity is the buyer. CEB Talent Assessment, formerly SHL, is a provider of talent assessment solutions, including a portfolio of assessment tools, benchmark data, predictive technologies and consultancy services.
Terra Firma kicks off sale of Italian solar assets: Reuters :
Private equity investor Terra Firma has launched the sale of its Italian solar-power asset platform RTR, which could be worth more than 1 billion euros ($1.2 billion), sources said on Monday, Reuters reported.
Eurazeo to take majority stake in Idinvest :
Eurazeo has agreed to acquire an approximate 70 percent stake in Idinvest while the Idinvest management will retain a 30 percent stake. No financial terms were disclosed.
Causeway Media Partners backs QuintEvents :
Causeway Media Partners has made an investment in Charlotte, North Carolina-based QuintEvents, a provider of travel/experience/hospitality packages. No financial terms were disclosed.
Cairngorm Capital acquires MJ Wilson :
Cairngorm Capital Partners LLP has acquired UK-based MJ Wilson Group Limited, a distributor of process instrumentation and control products. No financial terms were disclosed.
J.W. Childs sells WS Packaging to Platinum Equity :
Platinum Equity has acquired Green Bay, Wisconsin-based WS Packaging Group, a provider of labels and packaging solutions for the food and beverage, consumer packaged goods and pharmaceutical markets. The seller was J.W. Childs Associates. No financial terms were disclosed. Barclays was financial adviser to WS Packaging Group on the deal.
Radian Capital provides funding to Blueday :
Boston-based Blueday Inc, a provider of the store revenue management system for retail, has secured an undisclosed amount of funding from Radian Capital. In conjunction with this transaction, Blueday has named Graeme Grant as CEO and board member. Grant is a former Salesforce commerce cloud vice-president.
Baird invests in ReMed :
Baird Capital has acquired a stake in Paoli, Pennsylvania-based ReMed Recovery Care Centers, a provider of treatment for individuals with traumatic brain injuries. No financial terms were disclosed.