Investment bank GCA Savvian Corporation announced that it named veteran venture capitalist Richard C. Kramlich as an outside director. Kramlich is co-founder of New Enterprise Associates Inc and chairman of NEA Management Company. He is the second outside director of Tokyo-based GCA Savvian and the first from the United States.
2 min read · 31 March 2016
TransLoc, a transit technology company based in Durham, North Carolina, announced it has completed an $8 million round of financing. The round was co-led by SJF Ventures and Fontinalis Partners, with participation from Salesforce CEO Marc Benioff’s venture fund, Efficient Capacity; Thomas McMurray; and Patient Capital Collaborative.
3 min read · 31 March 2016
Brightstar Capital Partners, a middle-market private equity firm based in New York, announced it acquired majority ownership of Global Resale LLC in partnership with the company’s founder and CEO, Jeff Zeigler. Based Austin, Texas, Global Resale helps corporations replace and recycle electronic devices. The purchase price was undisclosed. As part of the deal, Brightstar said it committed $50 million to fund growth at the company.
3 min read · 31 March 2016
Columbia Pacific Advisors, an alternative investment firm based in Seattle, announced it completed the sale of three winter sports apparel brands under the POW Holdings LLC umbrella. Financial terms were not disclosed. The brands were Holden Outerwear, which was sold to private investors; POW Gloves, which was sold to Rojo Australia; and Spacecraft Collective, which was sold to Omen Longboards. DA Davidson & Co served as financial advisor to POW Holdings.
3 min read · 31 March 2016
HIG Capital LLC announced that affiliates have recently completed the acquisition of a portfolio of retail assets in Sweden and of an office property in Rome. Terms of the deals were not disclosed. The transactions represent HIG’s 27th and 28th real estate investments in Europe since the start of 2013. They add approximately 60,000 square meters of office and retail space to the HIG European Real Estate portfolio. Tenants include leading national retailers as well as a major telecom company.
3 min read · 31 March 2016
McCarthy Capital Corporation announced it has held a final close on $353 million for McCarthy Capital Fund VI LP, which will invest in lower middle-market companies. The Omaha, Nebraska-based firm said Fund VI was oversubscribed, beating its $250 million target. It did not disclose the names of the LPs. Fund VI will make investments of $10 million to $50 million in profitable companies with revenue of at least $15 million. Founded in 1986, McCarthy Capital manages more than $1 billion in investment capital. Lazard provided placement agent services in connection with the offering and Locke Lord LLP provided legal counsel.
2 min read · 31 March 2016
The Hudson Valley Startup Fund (HVSF) announced it has officially launched with more than 30 investors and $700,000 to invest in startups in New York’s Hudson Valley. The seed fund is co-managed by Johnny LeHane, Paul Hakim, Chad Gomes, Noa Simons, and Tony DiMarco. It is seeking additional accredited investors, with a goal of raising $1 million before it holds a final close on June 30. Reach the fund via email at info@hvstartupfund.com.
3 min read · 31 March 2016
Franklin Square Capital Partners has hired Lewis Katz as chief business development officer. Katz was previously president of Blackboard Advisors, a management consulting firm he founded. Based in Philadelphia, Franklin Square is an alternative investment manager with $16.8 billion in total assets as December 31, 2015.
2 min read · 31 March 2016
AUA Private Equity Partners LLC announced that it has acquired Noga Dairies Inc, a manufacturer of yogurts and other other dairy products, as an add-on acquisition to Raymundos Food Group LLC, a refrigerated foods platform. Terms of the transaction were not disclosed.
3 min read · 31 March 2016
Playbuzz, which enables publishers to create content optimized for social networks, announced it has raised $15 million in new funding. The round was led by Saban Ventures with participation from a subsidiary of The Walt Disney Company. Existing investors 83North, Carmel Ventures and FirstTime Ventures also participated. The new round brings the New York-based company’s funding to date to nearly $35 million. It previously raised $19.8 million over three rounds, including a $16 million Series B round in March 2015, acccording to CrunchBase.
4 min read · 31 March 2016
