Deutsche Telekom Capital Partners, which makes venture capital and private equity investments, announced Jack Young has joined the Hamburg, Germany-based firm as partner in charge of global venture capital operations. Young previously served as managing director at Qualcomm Ventures, where he invested in Fitbit. DTCP also announced the opening of its new U.S. office in Menlo Park, Calif.
4 min read · 04 April 2016
Weinberg Capital Group announced that it led a group of private investors to recapitalize HoodMart Inc, which makes ventilation systems for commercial kitchens. WCG did not disclose the size of the deal, but said First National Bank provided senior financing and FNB Capital Partners provided $10 million of mezzanine financing and equity co-investment. Based in Cleveland, WCG is actively seeking add-on acquisitions for HoodMart, which is based in Elyria, Ohio.
3 min read · 04 April 2016
RentPath LLC, which is backed by TPG and Providence Equity Partners, has named former Vonage Holdings chief Marc Lefar as president and CEO. RentPath had been looking to fill the position since November 2015, when former President and CEO Chip Perry resigned after just four months in the post to take the top job at TrueCar. RentPath’s Kim Payne resumes her job as CFO after serving as interim president and CEO.
4 min read · 04 April 2016
Sterigenics International LLC, a portfolio company of Warburg Pincus and GTCR, announced it has acquired Nelson Laboratories Inc. Terms of the transaction were not disclosed.
4 min read · 04 April 2016
Antares Capital announced it is serving as administrative agent, joint lead arranger and joint bookrunner on a senior secured credit facility to support The Riverside Company’s acquisition of Momentum Textiles. Riverside bought Momentum from Norwest Equity Partners for an undisclosed price.
2 min read · 04 April 2016
Dallas-based private equity firm Cotton Creek Capital announced it has acquired speciality bakery Sterling Foods of San Antonio, Texas, in partnership with Sterling Foods CEO John Likovich. Terms of the deal, which closed on March 30, were not disclosed.
2 min read · 04 April 2016
PDC Brands, which is backed by Yellow Wood Partners of Boston, announced it has has acquired U.K.-based cosmetics company Original Additions. Terms of the deal were not disclosed.
3 min read · 04 April 2016
New York investment bank JEGI announced it has hired Doug Stowe as executive vice president of its Professional Services Group. Stowe previously served as an executive director in the investment banking group at Oppenheimer & Co for eight years.
2 min read · 04 April 2016
3 min read · 04 April 2016
(Reuters) The improving tone in the U.S. leveraged loan market is helping banks to relaunch some deals that were stuck in the market at the end of last year, including a $550 million buyout loan for Web conferencing provider Premiere Global Services, although investors remain wary of highly leveraged deals.
3 min read · 01 April 2016
