Eamon Murphy

Silver Lake's Cast & Crew acquires Uni-World-backed CAPS Payroll

Silver Lake-backed Cast & Crew Entertainment Services agreed to acquire CAPS Payroll, a portfolio company of Uni-World Capital, L.P. Cast & Crew provides payroll and production management services to the entertainment industry. Terms of the transaction were not disclosed.

Andela's $24 mln Series B is Chan Zuckerberg Initiative's first investment

Chan Zuckerberg Initiative announced a $24 million Series B funding in Andela, a company that recruits and trains software developers in Africa. Also participating are GV and existing investors including Spark Capital, Omidyar Network, Learn Capital and CRE Ventures. This is the first investment for Chan Zuckerberg Initiative, a project of Facebook founder Mark Zuckerberg and wife Priscilla Chan.

PE HUB Second Opinion

Tragic news from Britain today as a pro-EU MP is killed in an apparent political assassination.

Rescale raises $14 mln in Series A led by TransLink Capital

TransLink Capital led a $14 million Series A funding round in Rescale, a cloud platform provider of high performance computing software. Microsoft Ventures, Jump Capital, ITOCHU Technology Ventures, Two Roads Group, and Data Collective also participated.

RoundTable completes sale of topical pharmaceutical business to Mylan N.V.

RoundTable Healthcare Partners completed the sale of the topical pharmaceutical business of Renaissance Acquisition Holdings, LLC to Mylan N.V. for $950 million in cash, plus additional contingency payments of up to $50 million. RoundTable formed Renaissance in 2010 from the acquisition of two drug manufacturing and development companies, Confab Laboratories and DPT Laboratories.

PE-backed Ontario Systems buys Columbia Ultimate Business Solutions

Ontario Systems, a portfolio company of Arlington Capital Partners, acquired Columbia Ultimate Business Systems. The company, based in Vancouver, provides revenue cycle management software to collection agencies, banks, healthcare, retail and government enterprises.

Reed Smith adds Jared Hershberg to corporate and transactional advisory group

Reed Smith LLP added Jared Hershberg as parter in the firm's corporate and transactional advisory group. Hershberg, previously a partner at Winston & Strawn, represents businesses and private equity, growth capital, venture capital, debt and hedge funds, as well as family offices and asset managers.

Stephen Jacobs joins Herrick, Feinstein as partner, corporate co-chair

Herrick, Feinstein LLP hired hedge and private equity fund executive Stephen C. Jacobs as partner and co-chair of the firm's corporate department. Jacobs will continue in his roles as chief operating officer, general counsel and chief compliance officer at Spectrum Group Management.

Trive Capital promotes David Stinnett to partner

Dallas, Texas-based private equity firm Trive Capital promoted David Stinnett to partner. Stinnett's responsibilities include identifying and evaluating potential investments, performing due diligence and working with management teams of portfolio companies. Trive invests in equity and debt securities and has approximately $900 million in capital under management.

PE HUB Second Opinion

Disturbing details continue to emerge about Orlando gunman Omar Mateen, and President Obama angrily denounced Donald Trump's response to the tragedy.