Luisa Beltran

Independent sponsors are hot — but LPs must be careful: panel

LogDNA raised $25 mln

LogDNA has raised $25 million in a Series B round led by Emergence Capital. Also participating in the round were Initialized Capital, Y Combinator Continuity Growth and Providence Equity. LogDNA, of Mountain View, California, provides a log management system that offers insight into development and production environments.

PE HUB Wire Highlights, 12.11.18

Big TPG secondary process closes with Lexington, Ex-Fortress exec launches new pool under hedge fund platform

EQT Second European direct lending fund raises 2.3 bln euros

EQT said Dec. 10 that its second European direct lending fund has closed on 2.3 billion euros ($2.63 billion). EQT Mid-Market Credit II will provide financing solutions to European mid-market companies. Thirty percent of the fund has already been committed.

Huddleston joins DCS Global

DCS Global, a portfolio company of Tritium Partners, said Dec. 10 that Steven Huddleston has joined the company as its new CEO. Huddleston most recently served as president, service solutions and chief client officer at nThrive.

Carlyle, Quad Partners to invest in Accelerate Learning

Carlyle Group and Quad Partners said Dec. 10 that they have agreed to invest in Accelerate Learning. Financial terms weren’t announced. Rice Management Co, Owl Ventures and Accelerate Learning’s management team will remain investors. Carlyle will be majority owner. Accelerate Learning, of Houston, provides preK-12 science, technology, engineering, and mathematics (STEM) education products and services.

CEO Vanderweyen exits Alter Domus

Alter Domus said Dec. 10 that CEO Laurent Vanderweyen has left the business to pursue other opportunities. Aidan Connolly, Alter Domus’s CFO, has assumed the role of CEO from Dec. 5 until a permanent success is named. Alter Domus, of Luxembourg, provides fund and corporate services.

Good Money raises $30 mln

Good Money said Dec. 10 that it raised a $30 million Series A round led by Galaxy Digital. Other investors include Breyer Capital, Blocktower Capital, Boost VC, Ken Howery, BlockChange Ventures, Cross Culture Capital, Troy Carter, Mitch Kapor, Peter Diamandis, Blake Mycoskie, Justin Rosenstein, and others. Good Money, of Los Angeles, is an online lender that offer two percent FDIC savings accounts, free ATMs nationally, no-overdraft fees and low consumer loan rates. Also, every customer who opens an account with Good Money gets equity in the company.

Siris, Elliot Management to buy Travelport Worldwide for $4.4 bln

Siris Capital Group LLC and Evergreen Coast Capital Corp said Dec. 10 that they agreed to buy Travelport Worldwide Ltd in deal valued at about $4.4 billion or $15.75 per share in cash. Travelport, of Langley, U.K., is a travel software company. Evergreen is the private equity affiliate of Elliott Management Corp.

Bain-backed Italmatch Chemicals buys BWA Water Additives.

Italmatch Chemicals, a Bain Capital Privte Equity portfolio company, said Dec. 10 that it agreed to buy BWA Water Additives. Financial terms weren’t announced. BWA Water Additives, a provider of sustainable water management solutions for the oil & gas, industrial water treatment and desalination industries.