Luisa Beltran

Gryphon-backed Water’s Edge to buy Coast Dermatology

Water’s Edge Dermatology, a portfolio company of Gryphon Investors, said June 10 that it acquired a controlling interest in Coast Dermatology. Financial terms weren’t announced. Coast Dermatology, of Venice, Florida, is a medical/cosmetic dermatology practice.

CVC to buy slight majority of Teneo: Wall Street Journal

Teneo Holdings LLC has agreed to sell a slight majority stake in the company to CVC Capital Partners, according to the Wall Street Journal. BC Partners is selling some of its stake but will continue to own nearly 50 percent, the story said. Teneo is a communications and advisory firm.

TCV leads $100 mln round for Vectra

Vectra said June 10 that it raised a $100 million funding round led by TCV. Existing investors participated in the round. Vectra, of San Jose, provides an AI-driven threat detection platform. The company has previously raised $122.74 million in funding, PitchBook said.

TCV leads $100 mln round for Vectra

Vectra said June 10 that it raised a $100 million funding round led by TCV. Existing investors participated in the round. Vectra, of San Jose, provides an AI-driven threat detection platform. The company has previously raised $122.74 million in funding, PitchBook said.

Privateer to release 75 mln Tilray shares

Privateer has agreed to merge with Tilray and is giving Tilray control over releasing its 75 million shares to its stockholders. Privateer’s ownership represents 77 percent of Tilray’s total shares outstanding. Tilray, which provides cannabis research, cultivation, production, and distribution, was originally incubated and financed by Privateer before closing a Series A in February 2018.

H.I.G buys Cardinal Logistics

H.I.G. Capital said June 10 that it acquired Cardinal Logistics. Financial terms weren’t announced. Cardinal, of Concord, North Carolina, provides outsourced transportation and logistics solutions to customers across diverse end markets.

Hot Dog on a Stick opens China location

Global Franchise Group LLC, franchisor of Hot Dog on a Stick brand, said June 10 that it opened a Hot Dog on a Stick location in Shanghai China. Global Franchise Group LLC is an affiliate of Lion Capital LLP and Serruya Private Equity Inc.

Travelstart to buy Club Travel Group

Travelstart, which is backed by Amadeus Capital Partners and HarbourVest, is buying the Club Travel Group. Financial terms weren’t announced. Thebe Tourism Holdings is selling. Club Travel, of Capetown, is a travel agency with over 400 branded and non-branded franchises and a corporate travel division. Thebe and Travelstart will jointly invest in and own Club Travel Corporate, a level one B-BBEE rated division of Club Travel Group.

Welsh, Carson, Anderson & Stowe exits AIM

SimCorp said June 6 that it acquired AIM Holding SCA for 60 million euros ($67.4 mln). Welsh, Carson, Anderson & Stowe is the seller. AIM provides data management solutions with a specialized focus on the buy-side. Update: Arma Partners provided financial advice to AIM.

Northleaf Capital buys 49 pct of Odfjell Holdings

Northleaf Capital Partners said June 5 that it has acquired a 49 percent stake in Odfjell Holdings (US) Inc. Financial terms weren’t announced. Odfjell SE will own the remaining 51 percent. Odfjell is a portfolio of bulk liquid storage terminals in the United States.