Angela Sormani

Scale Venture Partners promotes Ariel Tseitlin and adds two to team

Scale Venture Partners has announced some personnel news. The firm has promoted Ariel Tseitlin from venture partner to partner; Cack Wilhem as principal and Rose Yuan as an associate.

CapMan exits Global Intelligence Alliance Group

CapMan has sold its holding in Global Intelligence Alliance Group to M-Brain Oy, a European-based information services company. Founded in 1995, Global Intelligence Alliance is an international strategic market intelligence and advisory group.

peHUB First Read

This Thursday morning read all about special situations firm Solace Capital's maiden offering, ECI closing its tenth fund and GIC giving PE firms a run for their money.

Paine & Partners' founding partner becomes head of Freshfields' US M&A

Global law firm Freshfields Bruckhaus Deringer has appointed two head of department attorneys to the firm's New York office.

United Internet acquires KKR's Versatel stake

United Internet is acquiring 74.9 per cent of shares in Versatel from KRR. Together with the 25.1 percent stake which it already holds, United Internet will raise its holding of Versatel shares to 100 percent. KKR originally invested in Versatel in July 2011.

WHILL closes $11 mln Series A

Hardware company WHILL has closed $11 million in Series A funding. The investment was led by investment firm Innovation Network Corporation of Japan. US investors 500 Startups and Sun Microsystems Co-founder and former CEO, Scott McNealy, Jochu and NTT Docomo Ventures also participated in the round.

European Capital Debt Management closes debt finance fund

European Capital Debt Management has closed European Capital UK SME Debt. The fund will provide debt finance in small and medium sized enterprises in the UK.

Plexus Capital appoints managing partner

Plexus Capital has appointed Michael Painter as managing partner. Painter, one of five founding partners, succeeds Bob Anders, who has served as managing partner since the firm’s inception in 2005.

Woodlawn adds Cerda to Omnitank platform

Woodlawn Partners has acquired Cerda Industries as part of its Omnitank platform. Cerda is manufacturer of steel tanks and pressure vessels.

Brazos' Vision Source completes dividend recap

Brazos Private Equity Partners portfolio company Vision Source has completed a dividend recapitalization transaction. Golub Capital provided the financing to support the transaction via a uni-tranche term loan facility and revolver. Financial terms of the refinancing were not disclosed.