Luisa Beltran

Pharos Capital buys CCMC School

Pharos Capital Group LLC said June 12 that it acquired CCMC School. Financial terms weren’t announced. CCMC, of New Britain, Connecticut, provides special education for students, from age five to 21, who require intensive intervention due to behavioral, emotional and learning challenges. CCMC is an affiliate of Connecticut Children’s Medical Center.

Tropic Biosciences raises $10 mln

Tropic Biosciences said June 13 that closed a $10 million Series A round led by Pontifax AgTech and Five Seasons Ventures. The round included several co-investors, including Tekfen Ventures, Emerald Technology Ventures, Bits x Bites, Midven-RSF and the family offices of Gigi Levy-Weiss and Antonio Moreira Salles. Tropic Biosciences is developing plant varieties in the tropical agriculture industry using CRISPR Gene Editing.

Back Market raises $48 mln

Back Market said June 13 that it raised $48 million in funding. Investors include Groupe Arnault, Eurazeo, Aglaé Ventures and Daphni. Total investment in Back Market comes to $55 million. Back Market is a marketplace dedicated to refurbished electronic products and appliances (smartphones, tablets, laptops, and other products).

Blackstone Capital Partners Asia raises $2.3 bln

Blackstone said June 12 that its first Asia private equity fund closed on about $2.3 billion. Including associates commitments from its global buyout fund, Blackstone said it has a minimum of $3.8 billion equity to invest in Asia.

Blackstone Real Estate Partners Asia II raises $7.1 bln

Blackstone said June 12 that its second Asian opportunistic real estate fund closed on about $7.1 billion. Blackstone Real Estate Partners Asia II will invest in real estate in Asia.

Dobbs Equity invests in Memphis legend Corky’s BBQ

PE HUB Wire Highlights, 6.12.18

TPG said to seek $1.5B to invest in firms delaying IPOs; Nordic to make 7x on AniCura sale; Men are also victims of #metoo

TPG seeks $1.5B to invest in firms staying private: Bloomberg

TPG is seeking $1.5 billion to invest in companies that are delaying going public, Bloomberg is reporting. TPG Tech Adjacencies LP will buy the equity owned by employees, founders and early investors, the story said.

Apposite Healthcare Fund II raises 144.5 mln pounds

Apposite Capital said June 12 that its most recent healthcare fund, and associated vehicles, raised 144.5 million pounds ($193.4 million). Apposite Healthcare Fund II attracted support from existing investors and a group of new investors comprising fund of funds, financial institutions, family offices, endowments, foundations and corporates from Europe, Asia and the US. Apposite Capital, of London, focuses on healthcare and invests in the lower end of the middle market. Separately, Apposite said Valerie Auffray and Anne-Laure Meynier were promoted to head of investor relations & operations and investment director, respectively.

Equistone to sell Karl Eugen Fischer

Equistone Partners Europe said June 12 that it agreed to sell a majority of Karl Eugen Fischer to Deutsche Beteiligungs AG. Financial terms weren’t announced. Karl Eugen Fischer makes cord-cutting machines for the tire industry. Management will retain a stake.