Private Equity
To wrap up your Wednesday, LinkedIn is re-investigating a 2012 data breach following indications the hack might have been much larger than it seemed. And Charter Communications completed its acquisition of Time Warner Cable, creating a broadband leviathan.
1 min read · 18 May 2016
Private equity firm Orion Energy Partners announced several new hires, including managing directors Rui Viana (head of risk optimization) and Karen Vejseli (chief financial officer). The additional personnel represent the completion of Orion Energy's initial staffing plan as originally conceived.
3 min read · 18 May 2016
BigPanda, a data science platform based in Mountain View, California, added $5 million to its Series B financing round, bringing the total to $21 million. Participants included Sequoia Capital, Battery Ventures, Mayfield and new investor Pelion Venture Partners. The company also announced a new partnership with team collaboration software company Atlassian, as well as an expanded partnership with ServiceNow.
1 min read · 18 May 2016
Elevation Financial Group, LLC announced the sale of Serenity Apartments at Greenville, a multifamily property in South Carolina, through its Elevation Real Property Fund IV. The sale price was $9.25 million. Elevation purchased the apartment community in 2014 for $3.8 million and undertook renovations and rebranding.
2 min read · 18 May 2016
Quarton International announced the hiring of Kim VanCleef as vice president, to focus on financing advisory and M&A. Quarton, based in Birmingham, Michigan, is an international middle market investment bank serving private equity firms as well as privately held and publicly traded companies.
2 min read · 18 May 2016
Berkley Capital, LLC, the private equity investment vehicle of W.R. Berkley Corporation, bought Corporate Imaging Concepts, LLC, a portfolio company of Cardinal Equity Partners. CIC provides supply chain technology for the promotional products market. Investment banking firm Greene Holcomb Fisher served as financial advisor to CIC.
3 min read · 18 May 2016
New York-based private equity firm Harvest Partners, LP and Audax Private Equity completed a recapitalization of Advanced Dermatology & Cosmetic Surgery, a nationwide practice management company headquartered in Maitland, Florida. Audax, the previous investor, and the company's management team will retain minority stakes. Terms of the deal were not disclosed.
3 min read · 18 May 2016
Genstar Capital acquired Accruent, a provider of real estate and facilities management software headquartered in Austin. Genstar, which is based in San Francisco, targets investments in the software, healthcare, financial services, and industrial technology sectors.
2 min read · 18 May 2016
Samsung Catalyst Fund led a $20.3 million Series A financing in Afero, a secure platform for cloud-connected devices. Also participating were Fenox Venture Capital, SoftBank Group Corp., Presidio Ventures, Sanshin Electronics Co. Ltd., Robert Dobkin, and Assembly Partners.
1 min read · 18 May 2016
Independent private investment company Ardian entered negotiations for the acquisition of Hypred, a subsidiary of the Roullier Group. Founded in 1985, Hypred is a European supplier of hygiene products for the food and agriculture industries.
3 min read · 18 May 2016
