Forstmann Little & Co has sold 24 Hour Fitness Worldwide. An investment group led by AEA Investors LP and the Ontario Teachers’ Pension Plan has acquired the business. Headquartered in San Ramon, CA, 24 Hour Fitness is a health club serving nearly four million members and employing 21,000 fitness professionals in over 400 clubs across the United States.
2 min read · 02 June 2014
Concurrent has secured $10 million in Series B funding. New investor Bain Capital Ventures led the funding round. Rembrandt Ventures and True Ventures also participated.
4 min read · 02 June 2014
GTCR has acquired Vocus. Vocus is a provider of cloud-based public relations and marketing software.
4 min read · 02 June 2014
Debevoise & Plimpton has promoted partners in its team. Jonathan Adler, Andrew M. Ahern, Michael Bolotin, Alexander R. Cochran, Courtney M. Dankworth, David A. Luigs, Natalie L. Reid and Edward M. Rishty will become partners of the firm, effective July 1, 2014.
5 min read · 02 June 2014
First Reserve has entered into a strategic agreement with Zhenghe, an independent oil and gas exploration and production company. The parties plan to pursue oil and gas investment opportunities in China and Central Asia. Financial terms of the agreement were not disclosed.
3 min read · 02 June 2014
TVM Capital Healthcare Partners has appointed Sudhir Bahl as an executive-in-residence in Dubai and director-India. The firm recently announced its intention to invest up to US$100 million in India over the next three to five years.
3 min read · 02 June 2014
Francisco Partners has backed PayLease, an online payments provider for the property management and home owner association industry. Existing investor Mainsail Partners as well as PayLease founders and management will retain ownership stakes in the company.
3 min read · 02 June 2014
Sentinel Capital Partners has acquired PlayCore. Terms of the deal were not disclosed. Headquartered in Chattanooga, Tennessee, PlayCore designs commercial playground, park, recreation, performance and specialty equipment.
3 min read · 02 June 2014
Dos Rios Partners has reached a final close on Dos Rios Partners, L.P. raising $225 million. Texas-based Dos Rios invests in the junior securities of growing niche businesses with approximately $2.0 - $8.0 million in EBITDA.
2 min read · 02 June 2014
DefiniGEN, a provider of stem cell life science products and services, has closed a $3.83 million Series A funding round. The funding round was led by Cambridge Enterprise and 24 Haymarket, with existing investors Dr. Jonathan Milner, CEO, Abcam Plc, Providence Investment Company, and Cambridge Capital Group. New investors include LBA, Wren Capital and Ranworth Capital.
2 min read · 02 June 2014
