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​In honor of last's night main TV feature, I'll be Queen of the eyeroll this morning, or the single clap and look of disapproval when I don’t like something. I would wear white but it's February and we don't do that in NYC out of season. Seriously, though, very entertaining.
 
Last week, one of the more disturbing stories was about the Brooklyn prison that didn't have heat or electricity as the temperatures plummeted to nearly zero. There were protests but the inmates went a week without heat. Today, Bloomberg has a story about the American Federation of Teachers, which is encouraging pensions to consider avoiding private equity investments in companies that benefit from mass incarceration. The cost-cutting involved in deals involving correction companies has led to allegations that some of them neglect, mistreat or abuse prisoners and take advantage of families of the incarcerated, the story quotes a report from AFT.
 
"Private prisons and private equity firms that invest in corrections companies are profiting from jailing people -- disproportionately people of color -- and are a major contributor to the United States’ world-leading incarceration rate," said Randi Weingarten, AFT's president, in the story.
 
The Financial Times this morning is reporting about a "war" between Blackstone and Urbano Cairo, the Italian media tycoon. The spat involves a lawsuit between BX and Cairo's RCS Media Group over the ownership of the company's headquarters in Milan. Blackstone, in the lawsuit, accuses the RCS chairman and CEO of trying to extort money from Blackstone for falsely claiming his company still owns the building, the FT said.
 
Deals: K1 Investment Management has acquired GoCanvas, according to the Washington Business Journal. K1 spent $100 million on GoCanvas, which makes mobile-friendly web forms for businesses. 
 
Travel Tripper and Pegasus, both hospitality technology providers, are merging in a deal backed by Accel-KKR. No financial terms were announced. Regent, the Los Angeles PE firm, acquired Pegasus in 2014. Travel Tripper has raised angel funding, according to PitchBookSee our brief here.
 
The Travel Tripper-Pegasus deal comes as we're still waiting for the winner of Onyx Centersource, which was up for sale late last year. Pegasus sold Pegasus Financial Services, which was acquired by H.I.G. Capital in 2013 and became Onyx. So who has Onyx? I'm told the deal is still out there. Hubsters, what do you know? Email me at lbeltran@buyoutsinsider.com
 
Milana Vinn also has a story on Technology Crossover Ventures’ $200 million investment in retail-planning-software provider RELEX Solutions. See her story here.
 
News from Buyouts Insider/VCJ: Alpine Investors is considering the sale of Optima Healthcare Solutions, which offers therapy-management software to skilled nursing and assisted-living facilities and other post-acute-care providers. Read more of Sarah Pringle's story here.
 
I have a story on Victor Capital Partners, the independent sponsor led by a former Blackstone Group executive, which has clinched its second deal. Doug Korn, who was Blackstone’s first hire directly from an MBA program in 1988 and has launched other successful firms, started Victor Capital in late 2015. Read my story here.
 
Vertu Capital teamed up with BDC Capital to acquire Firmex, a Toronto provider of virtual datarooms and secure document-sharing solutions, Kirk Falconer says.
 
Active LPs: New York State Teachers’ Retirement System committed $646 million to six private equity funds in Q4, Dietrich Knaugth reports.

That’s it for me. Email any tips, comments or complaints to lbeltran@buyoutsinsider.com

Get Plugged In:  It’s time to start thinking about our 31st Annual PartnerConnect East, March 25-27 at the Hyatt Regency in Boston. This is the big one folks. Close to 500 decisionmakers across Private Equity, Venture Capital and Real Estate...200+ LPs…100+ dealmakers…400-odd private meetings between GPs & LPs…tons of A-list speakers. The ultimate networking event for senior professionals in the industry. Make your plans now to attend. Click here for more info.

Who's the best:
 Buyouts is now accepting nominations for its 19th annual Deal of the Year awards, honoring exceptional buyouts that were fully or mostly realized in 2018. The deadline for submissions is Friday Feb. 22, 2019, but there’s no time like the present to apply. We’re also adding a new category this year, secondaries of the year, to recognize the top transaction relating to the sale of LP stakes, GP-led liquidity process, secondary-led spinout or some combination of all three.
 
Don’t miss this opportunity to be recognized by the editors of Buyouts for your outstanding work in 2018. Send Chris your submissions at cwitkowsky@buyoutsinsider.comRead more here
 
Winners will be selected in six categories:
 
·         Deal of the year
·         Large market deal of the year
·         Middle market deal of the year
·         Small market deal of the year
·         Turnaround of the year
·         Secondaries of the year
·         International deal of the year

 
Today's  Take  

PE HUB First Read

First Read begins the day with news that Disney shares rise after beating earnings estimates, Canada's Sunrise Records acquires bankrupt UK music retailer HMV, and Facebook messenger lets you unsend now.
Read more...  

PE HUB Second Opinion

In Second Opinion, Apple edges out Microsoft and Amazon to retake world's most valuable company title, Blackstone has pulled back from a plan to invest billions of dollars in Africa and Reddit is reporting raising funding that will put it near a $3 billion valuation.
Read more...  

PE HUB Wire Highlights, 1.5.19

L Catterton invests in Femme; When PE execs shrug off disappointment to launch their own firms
Read more...  

Alpine taps adviser to evaluate Optima Healthcare sale

Alpine Investors is considering the sale of Optima Healthcare Solutions, which offers therapy-management software to skilled nursing and assisted-living facilities and other post-acute-care providers, three sources said. Houlihan Lokey has been retained for financial advice, the sources said. Pre-process fireside chats were held at the JP Morgan Global Healthcare Conference in January, one of the […]
Read more...  

Post Capital, ex-Addus chief join in new home-care platform

Getting behind healthcare’s continued shift to home-based care, Post Capital Partners teamed up with industry veteran Mark Heaney to source and invest in a platform in the non-medical, adult daycare and home-care sector. The partnership is part of the New York firm’s “executive-first strategy,” through which it partners with executives before proactively searching for and identifying […]
Read more...  

Victor Capital, ex-Blackstone exec’s independent sponsor, buys Tender Corp

Victor Capital Partners, the independent sponsor led by a former Blackstone Group executive, clinched its second deal. The New York firm invested in Tender Corp along with company management. Victor will have a more than 80 percent stake in the company, said Douglas Korn, founder and managing partner. Terms weren’t disclosed, but Victor Capital typically […]
Read more...  

Vertu, from ex-Omers PE exec Melchior, closes inaugural deal

Vertu Capital teamed up with BDC Capital to acquire Firmex, a Toronto provider of virtual datarooms and secure document-sharing solutions. Terms weren’t disclosed. Vertu and BDC partnered on the deal with top management, including Joel Lessem, the company’s co-founder and CEO, according to a news release. Debt financing was provided by Bank of Montreal. The seller […]
Read more...  

Five Questions with Matt Melymuka, co-founder of PeakSpan Capital

Matt Melymuka co-founded PeakSpan Capital in 2015 with Phil Dur and Brian Mulvey. The firm, focused on growth investments in B2B software, in January closed its sophomore fund on $265 million, exceeding the $225 million target. How do you differentiate as a firm in a market like software? Over the last decade the number of startups […]
Read more...  

NYS Teachers committed $646 mln to PE in Q4

New York State Teachers’ Retirement System committed $646 million to six private equity funds in Q4. The $119.9 billion system has an 8 percent target allocation to PE, and the recent commitments included a mix of different geographic and strategic focuses. From Oct. 1 through year-end NYS Teachers’ committed: $200 million to TSG8, which closed […]
Read more...  

Corporate venture steels for downturn, worries about cuts

Corporate venture suffered a tarnished reputation in the wake of the dot-com crash, when dozens of programs exited the business and left portfolio companies short of follow-on capital. Whether a similar exodus, and stain, follows the next economic downturn is a hot question in the venture capital today. There are good reasons to believe the […]
Read more...  

TCV Fund X seals first deal: $200 mln RELEX investment

Technology Crossover Ventures invested $200 million in retail-planning-software provider RELEX Solutions, a pioneer investment out of TCV Fund X. The growth and VC firm plans to complete 20 to 25 investments out of the fund, John Doran, lead on the RELEX deal and general partner at TCV, told VCJ. RELEX “is right in the sweet spot” […]
Read more...  

NYS Teachers committed $646 mln to PE in Q4

New York State Teachers’ Retirement System committed $646 million to six private equity funds in Q4. The $119.9 billion system has an 8 percent target allocation to PE, and the recent commitments included a mix of different geographic and strategic focuses. From Oct. 1 through year-end NYS Teachers’ committed: $200 million to TSG8, which closed […]
Read more...  

NYS Common closed 2018 strong, pledged total $6.3 bln to PE

New York State Common Retirement Fund committed more than $1.1 billion to private equity funds in December, bringing its total 2018 commitment to the asset class up to $6.3 billion. The $207 billion pension fund committed: $400 million to Brookfield Asset Management’s Brookfield Capital V fund, which has a target size of $8.5 to $9 […]
Read more...  
 
PartnerConnect East 2019
Celebrating 31 Years of Excellence
March 25-27, 2019
Hyatt Regency, Boston

The Premier Networking Event for LPs & GPs in the Private Equity, Venture
Capital and Private Real Estate Sector


Register Now

 
pehw_66x25_VC.jpg pehw_66x25_PE.jpg pehw_49x25_IPOs.jpg pehw_49x25_M%26A.jpg pehw_94x25_firms.jpg pehw_110x25_HR.jpg pehw_83x25_odds.jpg

VC Deals 

 
 

AllegisCyber and NightDragon lead $44 mln funding in vArmour

Mountain View, California-based vArmour, provider of API-driven cloud security, today announced it has raised $44 million in Series E funding. AllegisCyber and NightDragon led the round, with participation from existing investors.
Read more...  

Little Spoon scoops up $7 mln

Little Spoon, a baby food and early childhood nutrition company, has secured $7 million in funding. The investors included Vaultier7, Kairos, Interplay Ventures and SoGal Ventures.
Read more...  

Bolt Biotherapeutics pulls in $54 mln Series B

San Francisco Bay Area-based Bolt Biotherapeutics, a biotechnology company focused on the immune system, has secured $54 million in Series B financing. Pivotal bioVenture Partners led the round with participation from Nan Fung Life Sciences, Novo Holdings and Vivo Capital.
Read more...  

Signal Sciences picks up $35 mln Series C

Culver City, California-based Signal Sciences, a web application security company, has raised $35 million in Series C funding. Lead Edge Capital led the round with participation from return backers CRV, Index Ventures, Harrison Metal and OATV. In addition to the funding, Lorrie Norrington, an operating partner at Lead Edge Capital, has joined Signal Sciences’ board of directors.
Read more...  

MakerSights amasses $3.1 mln

San Francisco-based MakerSights, a product decision platform for retail, has raised $3.1 million in funding. The company's investors include Steve Anderson, founder of Baseline Ventures; Hayley Barna, partner at First Round Capital; Elizabeth Spaulding, senior partner at Bain & Company; and Jeff Epstein, operating partner at Bessemer Venture Partners.
Read more...  

CityBlock Capital to conduct a token sale on SharesPost platform

SharesPost said fund manager CityBlock Capital will conduct a token sale on its platform and that SharesPost will provide secondary liquidity for the tokens.
Read more...  

Productboard reels in $10 mln

Productboard, a product management platform company, has raised $10 million in funding, according to a company announcement on its site. Index Ventures led the round.
Read more...  

CathWorks amasses $30 mln Series C

CathWorks, a medical tech company, has raised $30 million in Series C financing. Deerfield Management led the round.
Read more...  

CoverHound locks in $58 mln Series D

San Francisco-based CoverHound, an insurtech company, has raised $58 million in Series D funding. Hiscox led the round with participation from other investors that included Chubb and Aflac Ventures.
Read more...  

Digital wealth management firm Personal Capital gathers $50 mln Series F

Silicon Valley-based Personal Capital, a digital wealth management company, has secured $50 million in Series F funding. IGM Financial Inc led the round.
Read more...  

FourKites lands $50 mln Series C

Chicago and India-based FourKites, a provider of predictive supply chain visibility solutions, has secured $50 million in Series C funding. August Capital, Bain Capital Ventures, CEAS Investments and Hyde Park Angels led the round.
Read more...  

KETOS scores $9 mln Series A

San Jose, California-based KETOS, a water intelligence company, has raised $9 million in Series A financing. The investors were Broadway Angels, Plum Alley Ventures, Energy Innovation, Rethink Impact and Better Ventures.
Read more...  

AI chatbot platform GetJenny rakes in seed funding

Finland-based GetJenny, an AI chatbot platform, has raised 2 million euros in seed funding, according to a blog post. Dubai Angel Investors and May Nasrallah of deNovo Corporate Advisors led the round with participation from other investors that included Exio and Business Finland.
Read more...  

Vinli nets $13.5 mln Series B

Dallas-based Vinli, a connected car and data intelligence platform provider, has raised $13.5 million in Series B funding. The investors included E.ON, The Westly Group, Hersh Family Investments and Hal Brierley.
Read more...  

Self-driving startup Ike takes in $52 mln Series A

Ike, a self-driving startup, has raised $52 million in Series A funding, according to a Medium blog post. The investors were Bain Capital Ventures, Redpoint Ventures, Fontinalis Partners, Basis Set Ventures and Neo.
Read more...  

Cybersecurity startup Blue Hexagon procures $31 mln

Sunnyvale, California-based Blue Hexagon, a cybersecurity startup, has raised $31 million in funding. The investors were Benchmark and Altimeter.
Read more...  

Women’s vitamin subscription company Ritual inks $25 mln Series B

Ritual, a women’s vitamin subscription company, has raised $25 million in Series B funding. The investors included Lisa Wu of Norwest Venture Partners, Kirsten Green of Forerunner Ventures and Brian Singerman of Founders Fund.
Read more...  

Andreessen Horowitz leads Series E $250 mln round for Databricks

San Francisco-based Databricks, a provider of unified analytics, has secured $250 million in Series E funding. Andreessen Horowitz led the round with participation from Coatue Management, Microsoft and New Enterprise Associates.
Read more...  

Wells Fargo backs Engage3

Davis, California-based Engage3 has secured an undisclosed amount of financing from Wells Fargo Strategic Capital. Engage3 is a pricing platform for retailers and brands.
Read more...  

Komprise nabs $24 mln Series C

Campbell, California and India-based Komprise, a provider of intelligent data management solutions, has secured $24 million in Series C funding. Top Tier Ventures led the round with participation from Western Digital Capital, Canaan Partners and Walden International.
Read more...  

Adaptive3D fetches Series A funding

Dallas-based Adaptive3D, a provider of additive manufacturing polymer resin, has secured an undisclosed amount of Series A financing. DSM Venturing and Applied Ventures LLC led the round.
Read more...  

Healthcare tech company Aetion snags $27 mln

New York City-based Aetion, a healthcare technology company, has raised $27 million in funding. The investors included Sanofi, UCB, McKesson Ventures, Horizon Health Services Inc, Amgen Ventures, New Enterprise Associates, Flare Capital and Lakestar.
Read more...  

Lerer Hippeau leads seed funding in personal care company by Humankind

New York-based by Humankind, maker of responsible alternatives to personal care products, emerged from stealth and announced it has raised $4 million in seed funding led by Lerer Hippeau. Other investors include Red Sea Ventures, BoxGroup, SV Angel, Great Oaks, SoulCycle Co-Founder Elizabeth Cutler, and Adobe CPO Scott Belsky, among others. The company was founded last year by Brian Bushell and Joshua Goodman.
Read more...  
Mark Your Calendars!
PartnerConnect Event's 2019 Calendar is here!


PartnerConnect East- March 25-27th, Boston
DealConnect Family Office & Independent Sponsor Spring- May 21-22nd, NYC
PartnerConnect Midwest- June 24-26th, Chicago
Emerging Manager Connect East- July 23rd, NYC
PartnerConnect West- September 23-25th, San Francisco
 DealConnect Family Office & Independent Sponsor Fall- October 29-30th, NYC
PartnerConnect Texas- December 9-11th, Dallas
PE Deals sponsored by  
 
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K1 Investment Management buys GoCanvas: Washington Business Journal

K1 Investment Management has acquired GoCanvas, according to the Washington Business Journal. K1 acquired the maker of mobile-friendly web forms for businesses for $100 million, the story said.
Read more...  

Z Capital Partners buys Techniks Tool Group

Z Capital Partners LLC said Feb. 6 that it acquired Techniks Tool Group. Financial terms weren’t announced. Techniks Tool, of Indianapolis, provides tool holding and workholding products used in CNC machine applications for industrial end markets.
Read more...  

Accel-KKR backs Travel Tripper, Pegasus merger

Travel Tripper and Pegasus are merging in deal backed by Accel-KKR. Financial terms weren’t announced. Travel Tripper, of New York, and Pegasus of Scottsdale, Arizona, are hospitality technology providers. Regent, the Los Angeles PE firm, acquired Pegasus in 2014. Travel Tripper has raised angel funding from undisclosed investors, according to PitchBook.
Read more...  

TCV invests $200 mln in Relex Solutions

TCV has made a $200 million minority investment in Relex Solutions. Relex, of Helsinki, provides unified retail planning solutions.
Read more...  

YPrime secures funding from Flexpoint

Flexpoint Ford has made an investment in Malvern, Pennsylvania-based YPrime, a provider of cloud-based eClinical solutions. No financial terms were disclosed.  YPrime's previous backer Ballast Point Ventures will retain a minority stake in the company and invest alongside Flexpoint in the transaction. Hill Ward Henderson provided legal advice to YPrime while Kirkland & Ellis and Duane Morris did likewise for Flexpoint.
Read more...  

VERTU and BDC to acquire Firmex from Novacap

VERTU Capital has teamed up with BDC Capital to acquire Toronto-based Firmex, a provider of virtual data rooms and secure document sharing solutions. The seller is Novacap. The Bank of Montreal is providing the debt financing for the transaction that was done in partnership with Firmex executive management team. RBC Capital Markets provided financial advice to Firmex on the deal.
Read more...  

Abu Dhabi’s Mubadala sells 34.9 million shares in U.S. chipmaker AMD: Reuters

Abu Dhabi’s Mubadala Investment Co has sold 34.9 million common equity shares in Advanced Micro Devices (AMD), a company spokesperson said on Tuesday, and plans to convert 75 million warrants in the U.S chipmaker.
Read more...  

Sun Capital buys Simply Beautiful Smiles

Sun Capital Partners Inc has acquired Langhorne, Pennsylvania-based Simply Beautiful Smiles, a regional dental service organization. No financial terms were disclosed.
Read more...  

Bertram invests in Perennials and Sutherland

Bertram Capital has made an investment in Dallas-based Perennials and Sutherland LLC, a maker of 100 percent solution-dyed acrylic performance fabric for indoor and outdoor use and luxury outdoor furniture. No financial terms were disclosed.
Read more...  

Blackstone Energy Partners launches Permian Basin midstream platform Waterfield

Blackstone Energy Partners has formed Waterfield Midstream, which has secured a $500 million equity commitment. Waterfield is a provider of water management services to producers in the Permian Basin.
Read more...  

Vivendi considers partial Universal Music sale: Bloomberg

Vivendi is mulling a partial sale of Universal Music Group, which could value the label at $25 billion, Bloomberg is reporting. Vivendi has met with financial advisers and held informal talks with potential buyers, including at least two private equity firms, the story said.
Read more...  
PROMOTE YOUR BRAND! GENERATE AWARENESS!  SELL YOUR PRODUCTS & SERVICES! 
 
Don't miss the opportunity to get in front of key Private Equity decision makers by showcasing your company, products and services in upcoming issues of Buyouts and VCJ
 
For more information about advertising, print & digital content contribution opportunities please click here       
 
IPOs
 
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VC-backed Cibus prices IPO

San Diego-based Cibus Ltd, a provider of advanced plant-breeding technologies has priced its IPO of over 6.6 million shares at between $14 and $16 per share. The company plans on trading the stock on the NASDAQ under the ticker symbol "CBUS." Morgan Stanley and BofA Merrill Lynch are the lead underwriters. The company’s backers include Fidelity Management and Research Company, Alexandria Venture Investments and Cormorant Asset Management.
Read more...  

VC-backed Avedro sets IPO pricing terms

Avedro Inc, an ophthalmic pharmaceutical and medical device company, has priced its IPO of 5 million shares at between $14 and $16 per share. The company plans on trading the stock on the NASDAQ under the ticker symbol "AVDR." BofA Merrill Lynch and J.P. Morgan are the lead underwriters. Avedro is backed by Lilly Asia Ventures, OrbiMed Advisors, InterWest Partners and HealthQuest Capital.
Read more...  
M&A Deals  
 
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Aquiline-backed ClearCourse Partnership buys APT Solutions

ClearCourse Partnership LLP, backed by Aquiline Capital Partners, said Feb. 6 that it acquired APT Solutions. Financial terms weren’t announced. APT Solutions, of Telford, UK, is a specialist supplier of membership software and services to clients mainly in the not-for-profit sector.
Read more...  

Comvest-backed Lasko buys B-Air

Lasko, a portfolio company of Comvest Partners and its executive partner JW Levin Management Partners, has acquired Azusa, California-based B-Air, a provider of air movement products. No financial terms were disclosed.
Read more...  

PE-backed Relation Insurance Services buys J. Deutsch Associates

Relation Insurance Services, which is backed by Parthenon Capital and Century Equity Partners, has agreed to acquire New York-based J. Deutsch Associates, an insurance agency. No financial terms were disclosed.
Read more...  

PE-backed collision repair companies Caliber and Abra complete merger

Caliber Collision, which is backed by OMERS and Leonard Green & Partners LP and Abra Auto Body Repair of America, a portfolio company of Hellman & Friedman, have closed their previously announced merger. No financial terms were disclosed. The newly combined company will create a collision repair provider. As part of the transaction, Hellman & Freidman LLC is now the majority shareholder of the combined company while OMERS and LGP remain significant minority shareholders.
Read more...  

East Wind Advisors and Daroth merge

Middle-market investment banking firms East Wind Advisors and Daroth Capital Advisors have merged. Peter Rothschild, founder and principal of Daroth, has joined East Wind as a partner.
Read more...  

Apex buys PE administrator Ipes

Apex Group Ltd has acquired Ipes, a private equity administrator. No financial terms were disclosed.
Read more...  
Real Estate
 
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Harrison Street adds new VP to team

Harrison Street, a real estate investment firm focused on the education, healthcare and storage sectors, has named Briana Succop as vice president of its client services and marketing team. Most recently, she was vice president at Abacus Capital Group.
Read more...  
Firms & Funds
 
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Third Prime to raise $60 mln venture capital fund

Third Prime has set out to raise a $60 million second venture capital fund, according to a filing with the SEC.
Read more...  

Section Partners garners $74 mln for third fund

Palo Alto, California-based Section Partners has raised $74 million for its third fund. The investors include a fixed income investment manager, family offices, prominent venture capitalists and Silicon Valley tech executives.
Read more...  

Dreamit Ventures collects over $37 mln for third fund

Dreamit Ventures has raised over $37 million for its third fund, according to an SEC filing. The target is $50 million. Based in New York and Philadelphia, the early-stage venture firm invests in healthcare, real estate and security.
Read more...  

Harkness racks up $109 mln for maiden fund

Harkness Capital Management LLC has raised $109 million for its inaugural fund, according to an SEC filing. No target was listed in the document. The New York City-based firm invests in lower-middle market companies.
Read more...  
Human Resources
 
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Berk named CFO at Milani Cosmetics

Milani Cosmetics, a portfolio company of Gryphon Investors, said Feb. 6 it named David M. Berk as its CFO. Berk for the past 15 years has held senior positions at several divisions of L’Oreal USA.
Read more...  

Dion promoted to global head of government affairs at Carlyle

Carlyle Group said Feb. 6 that Stacey Dion, a managing director, was promoted to global head of government affairs.
Read more...  

Riata Capital Group promotes Parker, Wyly

Riata Capital Group said Feb. 5 that David Parker and Mitchell Wyly were each promoted to the position of vice president. Both had previously served as senior associate.
Read more...  

PE-backed 3 Kings Entertainment hires talent development VP

Los Angeles-based broadcasting talent agency 3 Kings Entertainment has hired Mike Isenberg as vice president of talent development. Isenberg's work background includes ten years at ESPN as well as ten years at Fox Sports Detroit. 3 Kings Entertainment is a portfolio company of Blue Equity.
Read more...  

American Triple I taps ex-HUD Secy Cisneros as chairman and co-chief investment officer

Henry Cisneros, former Secretary of the U.S. Department of Housing and Urban Development, has been named chairman and co-chief investment officer of New York-based American Triple I Partners LLC, a new infrastructure investment firm. The firm was launched by principals of Siebert Cisneros Shank & Co LLC, an investment bank. American Triple I will invest mostly in transportation, knowledge and information systems, and smart city projects.
Read more...  

VC-backed eGym appoints ex-3M CEO Buckley as chairman

Munich, Germany-based sports technology company eGym has named Sir George W. Buckley as chairman. Buckley is the former CEO of 3M. eGym is backed by Highland Europe, HPE Growth Capital, NGP Capital, Bayern Kapital, High-Tech Gründerfonds and the European Investment Bank.
Read more...  

General Catalyst appoints Shipley as new XIR

General Catalyst, an early-stage venture firm, has named Lou Shipley as its newest executive-in-residence, according to a company announcement. He is the former vice president of Avid, WebLine and FairMarket.
Read more...  

PE-backed EnsembleIQ taps Jadown as chief human resources officer

EnsembleIQ, a portfolio company of RFE Investment Partners, has named Ann Jadown as chief human resources officer. Previously, Jadown worked at Mario Tricoci Hair Salons & Day Spas where she led a team of 1,300 employees across 15 locations. EnsembleIQ is a business intelligence resource.
Read more...  

Magnetar recruits Portnoy as education director

Magnetar Capital has named Brian Portnoy as director of education. Previously, he was head of investment education at Virtus Investment Partners.
Read more...  
Credit
 
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ABCS backs Bertram’s buyout of Flow Control

The Antares Bain Capital Complete Financing Solution, a joint venture between Antares and Bain Capital Credit, has provided a credit facility to support Bertram Capital's acquisition of Charlotte, North Carolina-based Flow Control Group, a specialty flow control and fluid handling distribution platform. No financial terms were disclosed.
Read more...  
Odds & Ends + Hot Links 
 
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PE HUB First Read

First Read begins the day with news that Disney shares rise after beating earnings estimates, Canada's Sunrise Records acquires bankrupt UK music retailer HMV, and Facebook messenger lets you unsend now.
Read more...  

PE HUB Second Opinion

In Second Opinion, Apple edges out Microsoft and Amazon to retake world's most valuable company title, Blackstone has pulled back from a plan to invest billions of dollars in Africa and Reddit is reporting raising funding that will put it near a $3 billion valuation.
Read more...  

PE HUB Wire Highlights, 1.5.19

L Catterton invests in Femme; When PE execs shrug off disappointment to launch their own firms
Read more...  
 
   
 
 
 
 
 
 
 
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