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PineBridge Investments Names E. Mervyn Davies As Non-Executive Chairman: CORRECTED

PineBridge Investments named E. Mervyn Davies, as non-executive chairman. Davies is Lord Davies of Abersoch. He joins PineBridge following his role as Minister of State for Trade, Investment and Small Business for the U.S. UK government.

Amedica Corp. Secures $30 Million Via Private Equity and Debt Facility

Amedica Corp., a Salt Lake City, Utah-based orthopaedic implant company, completed a $30 million financing. Half comes in the form of private equity and the rest is from a debt facility. Zions First National Bank provided the debt facility. America plans to use the capital for expansion, mergers and acquisitions, sales and marketing support.

ACON Investments Affiliate To Sell SAE Towers To KEC International For $95M

An affiliate of Washington, D.C.-based ACON Investments LLC signed a definitive agreement to sell SAE Towers Holdings LLC to KEC International Ltd. of India for $95 million excluding working capital adjustments on a debt-free, cash free basis. The sale of SAE Towers to KEC will yield proceeds representing more than 3.6x ACON's investment.SAE Towers is a Houston, Texas-based manufacturer of transmission towers. SAE Towers' management team will remain with the business.

Susquehanna Growth Equity, Brad Galle Acquires JK Group

Susquehanna Growth Equity LLC and technology services veteran Brad Galle acquired the JK Group Inc., a provider of technology solutions for corporate philanthropic management programs. Galle will serve as chief executive officer.

Sheryl Schwartz Joins Perseus LLC As A Senior Managing Director

Perseus LLC hired Sheryl Schwartz as a senior managing director. Schwartz will work on mezzanine debt, private equity investments, and investor relations. She will be based in New York. Schwartz previously served as TIAA-CREF’s managing director.

Warburg Pincus-backed Cortview Capital Starts Business Operations

Cortview Capital Securities LLC, a Richmond, Va.-based broker-dealer, commenced business operations. Warburg Pincus LLC invested $125 million in the business. Cortview Capital has offices in New York; Charlotte, N.C. and Boca Raton, Fla.

MegaMex To Buy Don Miquel Foods from TSG4 LP

MegaMex Foods LLC, a joint venture between Hormel Foods Corp. and Herdez Del Fuerte, S.A. de C.V. agreed to buy Don Miguel Foods Corp. from TSG Consumer Partners LLC’s TSG4 LP. The transaction is expected to close in October. Financial terms were not disclosed. Don Miguel Foods is a provider of frozen and fresh Mexican flavored appetizers and snacks.

3i Group PLC Agrees To Sell Panreac To Illinois Tool Works

3i Group PLC and other shareholders signed a contract to sell Panreac To Illinois Tool Works Inc. Panreac is a Spanish manufacturer and supplier of chemicals. The transaction will provide 3i more than a 2x return on its investment. In 2005, 3i invested about €25 million for a 75 percent stake in Panreac.

NetSteps Hires Kevin Vitale as CEO, Gets Investment from Gemini Investors

NetSteps, a Pleasant Grove, Utah-based maker of business applications for real-time management of direct sales channel companies, hired Kevin Vitale as chief executive officer. He was Wall Data Inc.’s president and CEO. Gemini Investors LLC also made an unspecified investment in NetSteps. The Wellesley, Mass.-based shop typically invests $3 million to $8 million per transaction.

Montagu Privare Equity Reviewing Options For Maplin Electrtonics: Report

Montagu Private Equity LLP, a U.K.-based mid-market European private equity concern, hired KPMG to review its Maplin Electronics portfolio company. The process could mean the sale of the retailer, people familiar with the situation told Dow Jones Newswires Friday. Montagu added Maplin Electronics to its portfolio in September 2004 for £244 million.