Angela Sormani

Carlyle closes fourth mega Asia fund

The Carlyle Group has closed Carlyle Asia Partners IV Fund at $3.9 billion. The fund is over 50 percent larger than its predecessor fund CAP III.

SCPE backs Jordan’s Al Jazeera agricultural company

Standard Chartered Private Equity has acquired a minority stake in Al Jazeera Agricultural Company through an equity investment of $35 million. Al Jazeera is headquartered in Jordan and is a poultry and chicken feed producer and distributor.

Morgan Lewis adds London corporate lawyer to team

Morgan Lewis has recruited David Ramm as a partner in its London business and finance practice. Ramm will focuses on private equity, venture capital and general mergers and acquisitions matters.

Elm Equity Partners completes fundraising

Elm Equity Partners has completed fundraising, which was substantially oversubscribed. The size of the fund was undisclosed. Elm Equity Partners will continue its investment strategy targeting lower middle market administrative services, technology, healthcare, and niche educational businesses with revenues of $5 to $50 million for control buyout transactions.

PlusN raises funds

PlusN, a developer of a digital multi-band downlink carrier aggregation solution, has raised $600,000. Investors Franklin Johnson, founder of Asset Management Ventures, Chris Brody, chairman of Vantage Venture Partners, and John Levy, executive chairman of PlusN, led the financing.

IK VII Fund to acquire Exxelia Group from LBO France

IK Investment Partners has entered into exclusive discussions with LBO France to acquire Exxelia Group. Financial terms of the transaction are not disclosed. Headquartered in Paris, France, Exxelia is a manufacturer of customised passive components.

Mithril Capital Management leads Fractyl Laboratories Series C

Mithril Capital Management has led a $40 million Series C financing in health innovator Fractyl Laboratories. Existing investors General Catalyst, Bessemer and Domain Associates also participated.

MetricStream secures funds led by Sageview

MetricStream has raised $60 million in a financing round led by Sageview Capital. Existing investors Goldman Sachs and Kaiser Permanente Ventures also participated. MetricStream is a provider of enterprise and cloud applications for GRC.

Actis backs Mexican energy platform

Actis is committing $250 million to establish a Mexican energy platform, Zuma Energía, which will target over 500 MW of installed capacity in the country. Zuma Energía has completed its first acquisition and closed the financing of PE Ingenio, a 50 MW wind farm located in the state of Oaxaca.

Symphony raises $21.5 mln Series B

Symphony Commerce closed a $21.5 million Series B round of funding led by CRV, with participation from existing investors Bain Capital Ventures and FirstMark Capital. Headquartered in San Francisco, Symphony Commerce delivers commerce as a service to fast-growing brands.