Eamon Murphy

Debevoise names seven new partners, including two from PE group

Debevoise & Plimpton LLP named seven new partners, effective July 1, 2016. Two of them, Uri Herzberg and Thomas Smith, are members of the firm's private equity group.

Alliance Consumer Growth invests in snack brand Cookie Chips

Alliance Consumer Growth has invested in Cookie Chips, a young brand of bite-sized cookie snacks created by pastry chef and CEO Joanne Adirim. Cookie Chips are sold in conventional and natural grocery stores in the U.S. and Canada, with plans to expand.

MUFG finalizes purchase of Capital Analytics from Neuberger Berman

MUFG Investor Services, a subsidiary of Mitsubishi UFJ Financial Group, completed its acquisition of Capital Analytics, gaining all necessary regulatory approvals. Capital Analytics was the private equity administration business of Neuberger Berman Group. The deal brings MUFG's private equity and real estate assets under administration to $145 billion.

PE HUB Second Opinion

To conclude your Monday, Halliburton is losing big on its blocked merger with Baker Hughes, while Gannett has its sights set on Tribune. GNC might put itself up for sale, and Oracle made its second acquisition in as many weeks.

Altas Partners closes debut long-term fund on $1 bln

Altas Partners LP completed a US$1 billion fundraise, the firm announced. The fund, Altas Partners Holdings LP, was oversubscribed and closed at its hard cap. Toronto-based Altas pursues a long-term strategy that involves investing in only one or two businesses each year, thereby allowing the investor to hold assets for more than 10 years. The Altas portfolio currently consist of three companies, including Grenada-based St. George’s University.

Private Equity Jobs of the Week: UBS, Dentons, Silicon Valley Bank are hiring

This week's opportunities include analyst jobs at UBS and Regent Co. and an investment associate position with Trusted Insight. Dentons is seeking a senior biz dev coordinator, while Silicon Valley Bank is hiring a VP.

BlackRock raises $630 mln for fund targeting buyout investments

BlackRock raised over $630 million for its third direct co-investment private equity fund, BlackRock Private Opportunities Fund III, L.P. Investors included public and private pension funds, insurers, and foundations in North America and Europe.

Riverside adds leak detection business Locatec to its Dwyer Group

The Riverside Company has acquired German leak detection and repair business Locatec as an add-on to its Dwyer Group platform. Locatec will complement Dwyer's Rainbow International, which provides restoration services for water damage, and is the fifth add-on since Riverside invested in 2014.

Third Kind, Andreessen Horowitz, and Allen & Company invest $2 mln in CodeCombat

Third Kind Venture Capital, Andreessen Horowitz, and Allen & Company together invested $2 million in CodeCombat, a computer science learning platform. The seed round funding will help CodeCombat finish its new education program for classroom use.

Mark Cuban and Chris Sacca invest $600,000 in education startup Brightwheel

Mark Cuban and Chris Sacca invested $300,000 each in early education app Brightwheel, following a segment of the ABC television show "Shark Tank." The software platform serves educators and parents of kids in daycare and preschool.